Press

Press

January 2026 – The Park City real estate market concluded 2025 with remarkable performance, posting the second-highest sales volume in recorded history at $5.75 billion (combined single-family and condominium sales) — just behind the COVID-era peak. Despite December showing some weakness, not unusual for the holidays, the year demonstrated exceptional strength in pricing, solid transaction volumes, and a return to stable, pre-pandemic market patterns.

Year-over-year comparisons through December 31, 2025, revealed a market that has returned to pre-pandemic equilibrium. Single-family sales remained robust, totaling $3.52 billion (up 26% year over year) impelled not by units sold (up only 6%) but by 17–19% rises in sale prices. A similar result was seen in the condominium market that saw a 20% increase in sales volume (to $1.66 billion) despite selling 8% fewer units, because the average sales price was up 30% to $1.8 million.

As we can see in this graph, the smooth arc of increasing year-over-year sales beginning in 2009 after the financial crisis ended, extends on that trajectory to today—except for the spike during the Covid pandemic.

Single-Family Homes: Considerations

The dramatic difference between newly constructed or recently remodeled homes identified last quarter continued to affect sales decisions through year end. Buyers paid a significant premium for new, move-in-ready construction. Add to that a recently identified trend in vacant land sales, where buyers show a strong appetite for lots in gated communities with golf club memberships attached to the lot. Agents reported seeing such entitled lots selling for $800K to $1 million more than similar sized lots without golf options.

Key Single-Family Highlights:

  • Park City proper (Areas 1–9): Exceptional growth: 143 sales (+29% from 2024)
    • Sales volume jumped 39% to $712 million
    • Median price: $3,825,000
    • Agent observations: Buyers trending younger demographically
    • Migration pattern: Agents noted a continued strong influx from out of state, with many buyers relocating full-time rather than purchasing second homes.