SMR

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Park City didn’t post a record May. It posted a steady one, and in a market this mature, at this altitude of pricing, steady is its own kind of strength. Eighty-two homes closed across the greater Park City area, the median sale price held at $1.9 million, and the trophy segment delivered two instant closings above $13 million that confirmed what this market’s best buyers already know: when the right property appears, price is not the obstacle.
Inventory is stable, days on market are brisk, and sellers who priced precisely got speed. The data tells a consistent story; this is not a market that bends to macro uncertainty. It is a market that rewards preparation, precision, and the right guidance.
Read the full May 2026 Market Update for a complete breakdown of closings, notable sales, inventory trends, and what the summer season ahead means for buyers and sellers in Park City and Deer Valley.

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Few summer traditions capture the spirit of mountain living quite like an outdoor concert. This summer, Deer Valley Resort once again transforms its iconic Snow Park Outdoor Amphitheater into one of the West’s most scenic music venues, bringing together world-class performances, mountain views, and unforgettable evenings under the stars.

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The Park City and Deer Valley market entered 2026 with a clear shift in structure. Through Q1, 264 homes closed for $845M in total volume — down from last year’s pace, but still anchored by strong performance at the top end. Median pricing eased modestly to $2.20M, while average sale prices held above $3.2M, underscoring a market increasingly driven by luxury activity.

Inventory has expanded, buyer selectivity has increased, and negotiation is back — with 78% of sellers accepting below original list price. At the same time, nearly half of all transactions were cash, reinforcing that demand remains strong, but highly segmented.

The takeaway: this is not a market in decline — it is a market recalibrating. Understanding where a property sits within today’s pricing tiers is more important than ever.

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At Deer Valley Resort, summer unfolds with the same precision and polish that defines its winter reputation—only now, the mountains trade powder for wildflowers, and pace for possibility.

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At MTN Utah, we believe the next chapter of your life deserves as much intention as the first one that made it possible.
Our clients arrive at moments of transition — after liquidity, expansion, or simply the realization that success has earned them more than wealth. It has earned them choice.

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The luxe resort is in the midst of the ski industry’s biggest development, unveiling 80 additional runs, seven new lifts, over 4,300 acres of skiable terrain—and nearly 1,700 residential units.

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January 2026 reflected a Park City real estate market moving at a more deliberate pace compared to the same period last year. Transaction volume moderated as inventory expanded, and buyers approached decisions with increased selectivity. Despite this shift, pricing remained historically elevated, with high-quality assets—particularly in the luxury segment—continuing to command strong attention.

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The first major public ski resort in North America in more than 40 years will add another big draw: Park City, Utah’s Deer Valley East Village will welcome a ski-in, ski-out Waldorf Astoria hotel and residences in 2028, officials shared exclusively with Forbes Travel Guide.

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The Ogden Valley residential real estate market showed steady strength and stability throughout 2025, with modest gains in both activity and pricing that point to a healthy, balanced market. A total of 182 homes sold during the year, up slightly from 177 in 2024, reflecting consistent buyer demand despite broader economic uncertainty. Total sales volume reached $213,576,403, a 4.1% increase from last year’s $205,123,176 sales volume, confirming that values in the Valley continue to trend upward at a measured and sustainable pace.

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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.

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Momentum is building at Deer Valley as the highly anticipated East Village expansion continues to take shape. With new lifts now in operation and construction activity accelerating across the mountainside, this transformative project is quickly moving from vision to reality — redefining access, flow, and the overall mountain experience.

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Every generation of wealth has its geography. For the Gilded Age, it was the Hudson Valley. For mid-century industry, it was Palm Springs. For the technology class of the 21st century, it is the Wasatch Range of Utah.

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Most people assume that buying a second home comes after a liquidity event. But in reality, the process begins long before the wire hits.

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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.

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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.

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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.

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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.

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Marcella

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.

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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.

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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.