Key notes and takeaways from Park City Board of Realtors 2025 4th Quarter Statistics

Looking back at 2025, key highlights:

Confidently, we are seeing a market that has returned to pre-pandemic equilibrium. 

Single-family sales remained robust, (up 26% from 2024 to 2025), not only by units sold but by 17-19% rises in sale prices. 

In the condo market, there was a 20% increase in sales volume (from 2024 to 2025), despite selling slightly fewer units, because the average sales price was up 30%. 

• Old Town: 54 homes sold in 2025 (34 in 2024), and 86 condos (96 in 2024), with the median single family home price holding steady at $3.9 million.

• Canyons: It was a big year at The Colony at White Pine Canyon where 13 homes sold (compared to 1 home sale in 2024); 10 of which sold for an average price of over $17 million.

• Promontory: With 112 total homes sold, 70% were priced under $6 million, and about half of the total homes sold were under 5000 square feet.

• Deer Valley East Village: First completed new construction home sale to close at Marcella, listed at $21 million.

• Jordanelle Area: New construction continued to bring new houses to market, sales units (110, up 25%) and volume (up 45%) reflected increased activity. The median sale price crossed over $4 million for the first time. Stand-out in this area: Tuhaye with 29 sales (up from 24 in 2024) but with over half of these closing above $6 million.

Looking ahead into 2026

In the first couple of months, 67 properties have pended sale, compared to the first couple of months of 2025, where just 10 properties pended!

Who’s Buying

We are seeing a significant demographic shift: Younger buyers are increasingly active, (particularly in Old Town). Plus, a continued increase in buyers coming from out of state, many of which looking for full-time relocations rather than second homes.

Why Park City over other resort markets? Newer housing stock, better access, and more contemporary design aesthetic. 

Trending: Strong demand for new or recently renovated homes. Buyers were resistant to buying into major remodeling projects, BUT, well-priced older properties with strong fundamentals (location, views, rental income) still moving.

Who’s Selling

Following a national trend expected to accelerate in the coming years, sellers are skewing older (baby boomers), while buyers are skewing younger. Gen Xers and millennials are set to inherit nearly $2.4 trillion in US real estate over the next 10 years, and many will sell the family home to buy one that works better for their demographic (location location location and updated interiors). And, this inheritance is shifting women’s wealth specifically; with this increase come a shift in investable assets, thinking differently than men in how they want to maximize return - will we see this shift in real estate as well?

Critical Takeaways

The market is segmented, sales performance varies dramatically by:

• Property age (new vs. existing)

• Amenities (golf membership can add $850K-$1.1M)

• Location (ski-in/ski-out vs. drive-to-resort)

• Price tier (below vs. above median)

• Property type (single-family vs. condo)

Headwinds to Monitor

• Quiet winter snow conditions have relayed into a drop in skier visits. Will this translate into slowing home sales pace in 2026?

• The Park City and surrounding areas are beginning to see the cost of Insurance rise, as fire zone reclassifications causing significant premium increases in certain areas. How will this affect premiums?

• Will the move by the Sundance Film Festival out of Park City affect the short-term rental market?

Want more stats detailed to a specific area or neighborhood of interest? Let's connect: [email protected] | 435.901.1280