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.
SMR
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.
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.
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.
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.
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.
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.
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.