SMR 
At a high level, the Park City and Deer Valley market in 2025 produced an unusual but telling result: transaction counts finished the year almost exactly in line with 2024, while total dollar volume increased by nearly $1 billion. That combination alone suggests something structural rather than cyclical.
Most people assume that buying a second home comes after a liquidity event. But in reality, the process begins long before the wire hits.
Deer Valley East Village is rising quickly—and with every week that passes, the vision of a next-generation alpine village becomes more real. The construction momentum is unmistakable: seven cranes are now active across the site, moving in sync as the foundations of future homes, hotels, and village amenities take shape.
But East Village is more than a real estate project. It represents the most significant expansion in Deer Valley’s history, pairing world-class residences with an entirely new ski experience directly connected to one of the most celebrated resorts in North America.
The Park City and Deer Valley real estate markets continued to demonstrate exceptional strength through November, driven by elevated luxury demand, expanding new-development activity, and strong winter-season buyer engagement. While inventory has grown year-over-year, pricing remains resilient—particularly in premium neighborhoods where buyers continue to prioritize location, design, and access to amenities.
Where the Wasatch heads next — across value, design, and life.
Current Ground Truths (2025 Snapshot)
High-end pricing remains strong in Park City and surrounding resort markets. In many luxury segments, pricing has continued to break records even as broader inventory tightens.
Where the Wasatch heads next — across value, design, and life.
Current Ground Truths (2025 Snapshot)
High-end pricing remains strong in Park City and surrounding resort markets. In many luxury segments, pricing has continued to break records even as broader inventory tightens.
Where the Wasatch heads next — across value, design, and life.
Current Ground Truths (2025 Snapshot)
High-end pricing remains strong in Park City and surrounding resort markets. In many luxury segments, pricing has continued to break records even as broader inventory tightens.
Where the Wasatch heads next — across value, design, and life.
Current Ground Truths (2025 Snapshot)
High-end pricing remains strong in Park City and surrounding resort markets. In many luxury segments, pricing has continued to break records even as broader inventory tightens.
Even the most experienced investors can misstep in the mountains. The Wasatch Range has become one of the most desirable luxury real estate markets in the West — a magnet for founders, investors, and families seeking balance, beauty, and return.
September delivered another standout month for Park City’s real estate market, once again defined by strength at the top. After an August surge in total sales, September’s performance was marked instead by exceptional pricing — setting new records for both average and median sale values.
As winter approaches, excitement is building for the 2025–2026 ski season in Park City.
Park City closed 133 sales in August—its busiest month of 2025—highlighting strong activity but steady pricing. Most transactions clustered under $5M, while $10M+ deals were limited. Year-to-date, the median price has crossed $2M for the first time, signaling a structural shift in the market.
July brought renewed momentum to the Ogden Valley real estate market, with sales up 275% over June and strong demand in the luxury segment. While the past three years have seen dramatic surges and slowdowns, pricing has remained steady — even as inventory sits above eight months. Buyers benefit from abundant choice, while sellers who price strategically continue to achieve strong results in this resilient resort market.
Park City’s luxury real estate market reached a major milestone in July, surpassing $2 billion in year-to-date sales for the first time by midsummer—driven by continued demand in the $2M–$5M range and a rising share of $10M+ transactions. While the market remains thin, pricing remains firm, and new ultra-luxury developments continue to drive momentum. Meanwhile, just to the north, Ogden Valley is quietly gaining attention as a value-forward alternative, with increasing activity in the $1M–$3M segment and growing appeal among lifestyle-focused buyers looking to get ahead of the curve.
Forbes Global Properties, the exclusive worldwide residential real estate partner of Forbes, has announced its continued expansion across the Western United States with the addition of MTN UTAH. This boutique real estate collective will serve as the exclusive representative of Forbes Global Properties in Utah’s most prestigious resort destinations, including Park City, Deer Valley, and Ogden Valley.
Park City Real Estate Hits New Heights
The first half of 2025 marked a standout period for Park City, with over $1.7B in sales volume and average prices soaring past $3M. More than half of all transactions closed above $2M, including 19 sales over $10M—just shy of the full-year record. Premium developments like Founder’s Place and the Grand Hyatt at Deer Valley East are helping reshape the landscape, while patient sellers and a surge in high-end inventory offer buyers more opportunity than ever. The market’s strength continues to reflect Park City’s growing global appeal.
Get the latest Summer 2025 update from Deer Valley East Village, where construction milestones, new residential communities, and North America’s largest ski resort expansion are reshaping the future of this iconic destination. Explore what’s next for Marcella, Cormont, Grand Hyatt, and more.
Park City Market Surges with Record-Breaking Luxury Sales
The Park City real estate market continues its remarkable trajectory, with May marking the third consecutive month where average sale prices topped $3 million—a milestone never reached prior to this year. Year-to-date pricing metrics show average and median prices up 36% and 40%, driven largely by an influx of ultra-premium sales.
Sales over $10 million have already surpassed last year’s total, and over half of all transactions in 2025 have closed above $2 million. This surge has been led by new offerings in Deer Valley and significant activity in luxury golf communities like Tuhaye, Promontory, and Glenwild.
With summer approaching, a slight rise in inventory and renewed seller confidence suggests a dynamic season ahead. Yet, despite more listings, seller patience remains high, buoyed by favorable mortgage terms and strong buyer demand.
Construction is officially underway at The Otto, marking the beginning of the final phase in the development of this thoughtfully planned community. The development team is excited to announce this major milestone and thrilled to begin work on what will be the final chapter of the neighborhood. This past winter brought a strong sales release, with 17 families joining the community. Currently, 7 beautiful homes remain available in this final phase, offering a limited opportunity to become part of this vibrant and growing neighborhood.
The waning days of ski season offer an opportunity to evaluate the first chapter of 2025 for Park City real estate. While the greater economy was defined by wild swings, the market for elite resort property saw largely unprecedented growth. As high interest rates and other forms of headwind slowed entry and mid-level price categories, the premium segments drew outsized weight, fueling growth across all metrics.
