Summit Sotheby's International Realty
Park City & Deer Valley Market Intelligence
Market Report · May 2026
The Ascent
Park City
Park City & Deer Valley · MLS Market Data
Appreciation figures: 2006–2025 (19-year window, pre-crisis peak baseline).
+292%
Park City Core Appreciation
2006–2025 (19 yrs) · $559K → $2.195M [1]
+333%
Deer Valley Appreciation
2006–2025 (19 yrs) · $1.135M → $4.918M [1]
−22%
PC Core Max Crisis Dip
2007 peak → 2011 trough (vs national −30%–40%) [1]
01
Appreciation Baseline: 2006–2025 (19-Year Window) · Source [1]
2006 to 2025 - Pre-Crisis Peak to Present
2006 represents the pre-financial crisis peak, providing the most conservative long-term baseline available. Full MLS data is also available from 2000; the complete dataset is presented in Sections 03–05.
Park City Core · All Types
+292%
2006 → 2025 · 19 years
$559,500 → $2,195,000 [1]
Deer Valley · All Types
+333%
2006 → 2025 · 19 years
$1,135,250 → $4,917,625 [1]
Canyons Village · All Types
+378%
2006 → 2025 · 19 years
$322,000 → $1,537,500 [1]
2008 Financial Crisis Stress Test: Park City Core declined only −22.3% from its 2007 high ($650K → $505K trough in 2011) vs. a national average of −30% to −40%. Both markets fully recovered prior peak levels - PC Core by 2016, Deer Valley by 2018 - and have since more than tripled. A buyer who purchased at the worst moment (the 2007 pre-crisis peak) is up +237.7% (Park City Core) as of 2025. Source: [1]
Amber rows throughout = financial crisis period (2008–2011)
Appreciation figures below compare each year to the 2006 baseline (pre-crisis peak). Full dataset from 2000 is presented in Sections 03–05. 2026 = YTD through May 21, 2026 (partial year only, not comparable to full-year figures). Source: Park City MLS [1].
| Year |
Park City Core (All Types) | vs. 2006 Baseline |
Deer Valley (All Types) | vs. 2006 Baseline |
Canyons Village (All Types) | vs. 2006 Baseline |
| 2006 Baseline | $559,500 | - | $1,135,250 | - | $322,000 | - |
| 2007 | $650,000 | +16.2% | $1,861,350 | +64.0% | $385,000 | +19.6% |
| ⚠ 2008 | $561,000 | +0.3% | $1,710,000 | +50.6% | $346,202 | +7.5% |
| ⚠ 2009 | $558,750 | -0.1% | $1,710,000 | +50.6% | $425,000 | +32.0% |
| ⚠ 2010 | $607,500 | +8.6% | $1,610,625 | +41.9% | $331,250 | +2.9% |
| ⚠ 2011 | $505,000 | -9.7% | $1,062,500 | -6.4% | $265,450 | -17.6% |
| 2012 | $530,100 | -5.3% | $1,360,000 | +19.8% | $287,500 | -10.7% |
| 2013 | $579,000 | +3.5% | $1,212,500 | +6.8% | $357,000 | +10.9% |
| 2014 | $599,000 | +7.1% | $1,405,000 | +23.8% | $349,900 | +8.7% |
| 2015 | $629,000 | +12.4% | $1,382,500 | +21.8% | $387,500 | +20.3% |
| 2016 | $740,000 | +32.3% | $1,703,000 | +50.0% | $600,000 | +86.3% |
| 2017 | $814,500 | +45.6% | $1,800,000 | +58.6% | $577,000 | +79.2% |
| 2018 | $926,250 | +65.5% | $2,225,000 | +96.0% | $522,500 | +62.3% |
| 2019 | $960,000 | +71.6% | $1,780,000 | +56.8% | $885,000 | +174.8% |
| 2020 | $1,186,250 | +112.0% | $2,250,000 | +98.2% | $700,000 | +117.4% |
| 2021 | $1,375,000 | +145.8% | $3,095,000 | +172.6% | $800,000 | +148.4% |
| 2022 | $1,525,000 | +172.6% | $3,300,000 | +190.7% | $1,395,000 | +333.2% |
| 2023 | $1,695,000 | +202.9% | $4,012,500 | +253.4% | $1,495,000 | +364.3% |
| 2024 | $1,705,000 | +204.7% | $3,850,000 | +239.1% | $1,200,000 | +272.7% |
| 2025 | $2,195,000 | +292.3% | $4,917,625 | +333.2% | $1,537,500 | +377.5% |
| 2026 YTD | $2,150,000 | +284.3% | $4,525,000 | +298.6% | $1,575,000 | +389.1% |
02
Sotheby's International Realty 2026 Luxury Outlook [12]
Global Luxury Market - Benchmarks & Validation
Sotheby's International Realty 2026 Luxury Outlook - Selected Benchmarks [12]
+8.7% vs +2.9%
SIR network vs. overall US housing market in 2025. Luxury RE decoupled from general market headwinds.
+44%
Foreign homebuyer activity in the US (Apr 2024–Mar 2025) - first year-over-year growth since 2017.
Utah Cited
SIR CEO: "Ski markets in Colorado and Utah offer compelling value propositions for international homebuyers." [12]
60%
Agents globally cite lifestyle as a growing factor. Ski destinations showing "exceptional strength."
$1.3M
US entry-level luxury nationally. Park City Core 2025 median: $2.195M - firmly in the luxury tier.
+1.6%
North America luxury price forecast, next 12 months - SIR affiliated agent survey.
"Ski destinations continue to show exceptional strength. Ski markets in Colorado and Utah offer compelling value propositions for international homebuyers."
Philip A. White Jr., President & CEO, Sotheby's International Realty - 2026 Luxury Outlook [12]
03
Full MLS Dataset: 2000–2026 · Areas 01–22 · Source [1]
Park City Core - Year-Over-Year Data (All Available Years)
Cumulative appreciation shown against each table's first available year (not necessarily 2006). Full data available from 2000. 2026 = YTD through May 21, 2026 (partial year only). Amber rows = financial crisis 2008–2011.
Amber = financial crisis period (2008–2011)
🏘
ALL RESIDENTIAL - All Property Types Combined+585.9%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $320,000 | -- | - | 1,025 | [1] |
| 2002 | $288,000 | ▼ 10.0% | -10.0% | 1,119 | [1] |
| 2003 | $279,500 | ▼ 3.0% | -12.7% | 1,238 | [1] |
| 2004 | $320,000 | ▲ +14.5% | +0.0% | 1,877 | [1] |
| 2005 | $410,000 | ▲ +28.1% | +28.1% | 2,259 | [1] |
| 2006 | $559,500 | ▲ +36.5% | +74.8% | 1,410 | [1] |
| 2007 | $650,000 | ▲ +16.2% | +103.1% | 1,395 | [1] |
| ⚠ 2008 | $561,000 | ▼ 13.7% | +75.3% | 821 | [1] |
| ⚠ 2009 | $558,750 | ▼ 0.4% | +74.6% | 670 | [1] |
| ⚠ 2010 | $607,500 | ▲ +8.7% | +89.8% | 856 | [1] |
| ⚠ 2011 | $505,000 | ▼ 16.9% | +57.8% | 997 | [1] |
| 2012 | $530,100 | ▲ +5.0% | +65.7% | 1,093 | [1] |
| 2013 | $579,000 | ▲ +9.2% | +80.9% | 1,223 | [1] |
| 2014 | $599,000 | ▲ +3.5% | +87.2% | 1,214 | [1] |
| 2015 | $629,000 | ▲ +5.0% | +96.6% | 1,227 | [1] |
| 2016 | $740,000 | ▲ +17.6% | +131.2% | 1,205 | [1] |
| 2017 | $814,500 | ▲ +10.1% | +154.5% | 1,262 | [1] |
| 2018 | $926,250 | ▲ +13.7% | +189.5% | 1,154 | [1] |
| 2019 | $960,000 | ▲ +3.6% | +200.0% | 1,337 | [1] |
| 2020 | $1,186,250 | ▲ +23.6% | +270.7% | 1,752 | [1] |
| 2021 | $1,375,000 | ▲ +15.9% | +329.7% | 1,711 | [1] |
| 2022 | $1,525,000 | ▲ +10.9% | +376.6% | 1,167 | [1] |
| 2023 | $1,695,000 | ▲ +11.1% | +429.7% | 883 | [1] |
| 2024 | $1,705,000 | ▲ +0.6% | +432.8% | 944 | [1] |
| 2025 | $2,195,000 | ▲ +28.7% | +585.9% | 1,020 | [1] |
| 2026 YTD | $2,150,000 | ▼ 2.1% | +571.9% | 315* | [1] |
🏠
SINGLE-FAMILY HOMES+673.3%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $375,000 | -- | - | 493 | [1] |
| 2002 | $364,950 | ▼ 2.7% | -2.7% | 540 | [1] |
| 2003 | $385,000 | ▲ +5.5% | +2.7% | 534 | [1] |
| 2004 | $467,250 | ▲ +21.4% | +24.6% | 722 | [1] |
| 2005 | $633,194 | ▲ +35.5% | +68.9% | 808 | [1] |
| 2006 | $890,000 | ▲ +40.6% | +137.3% | 537 | [1] |
| 2007 | $1,125,500 | ▲ +26.5% | +200.1% | 472 | [1] |
| ⚠ 2008 | $890,000 | ▼ 20.9% | +137.3% | 282 | [1] |
| ⚠ 2009 | $785,000 | ▼ 11.8% | +109.3% | 272 | [1] |
| ⚠ 2010 | $820,000 | ▲ +4.5% | +118.7% | 384 | [1] |
| ⚠ 2011 | $795,000 | ▼ 3.0% | +112.0% | 469 | [1] |
| 2012 | $756,000 | ▼ 4.9% | +101.6% | 519 | [1] |
| 2013 | $801,500 | ▲ +6.0% | +113.7% | 580 | [1] |
| 2014 | $890,000 | ▲ +11.0% | +137.3% | 521 | [1] |
| 2015 | $1,100,000 | ▲ +23.6% | +193.3% | 504 | [1] |
| 2016 | $1,135,000 | ▲ +3.2% | +202.7% | 521 | [1] |
| 2017 | $1,244,000 | ▲ +9.6% | +231.7% | 573 | [1] |
| 2018 | $1,443,500 | ▲ +16.0% | +284.9% | 518 | [1] |
| 2019 | $1,515,000 | ▲ +5.0% | +304.0% | 543 | [1] |
| 2020 | $1,898,475 | ▲ +25.3% | +406.3% | 810 | [1] |
| 2021 | $2,490,000 | ▲ +31.2% | +564.0% | 656 | [1] |
| 2022 | $2,850,000 | ▲ +14.5% | +660.0% | 371 | [1] |
| 2023 | $2,800,000 | ▼ 1.8% | +646.7% | 387 | [1] |
| 2024 | $2,850,000 | ▲ +1.8% | +660.0% | 431 | [1] |
| 2025 | $2,900,000 | ▲ +1.8% | +673.3% | 483 | [1] |
| 2026 YTD | $3,175,000 | ▲ +9.5% | +746.7% | 157* | [1] |
🏘
TOWNHOMES+382.5%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $328,500 | -- | - | 173 | [1] |
| 2002 | $285,000 | ▼ 13.2% | -13.2% | 162 | [1] |
| 2003 | $275,000 | ▼ 3.5% | -16.3% | 255 | [1] |
| 2004 | $301,000 | ▲ +9.5% | -8.4% | 391 | [1] |
| 2005 | $401,000 | ▲ +33.2% | +22.1% | 486 | [1] |
| 2006 | $553,000 | ▲ +37.9% | +68.3% | 273 | [1] |
| 2007 | $759,900 | ▲ +37.4% | +131.3% | 239 | [1] |
| ⚠ 2008 | $631,000 | ▼ 17.0% | +92.1% | 156 | [1] |
| ⚠ 2009 | $446,000 | ▼ 29.3% | +35.8% | 120 | [1] |
| ⚠ 2010 | $440,000 | ▼ 1.3% | +33.9% | 149 | [1] |
| ⚠ 2011 | $389,250 | ▼ 11.5% | +18.5% | 156 | [1] |
| 2012 | $427,400 | ▲ +9.8% | +30.1% | 189 | [1] |
| 2013 | $470,000 | ▲ +10.0% | +43.1% | 241 | [1] |
| 2014 | $524,950 | ▲ +11.7% | +59.8% | 268 | [1] |
| 2015 | $530,000 | ▲ +1.0% | +61.3% | 299 | [1] |
| 2016 | $657,500 | ▲ +24.1% | +100.2% | 246 | [1] |
| 2017 | $649,000 | ▼ 1.3% | +97.6% | 255 | [1] |
| 2018 | $719,000 | ▲ +10.8% | +118.9% | 229 | [1] |
| 2019 | $776,500 | ▲ +8.0% | +136.4% | 314 | [1] |
| 2020 | $800,000 | ▲ +3.0% | +143.5% | 361 | [1] |
| 2021 | $1,150,000 | ▲ +43.8% | +250.1% | 371 | [1] |
| 2022 | $1,275,000 | ▲ +10.9% | +288.1% | 257 | [1] |
| 2023 | $1,362,000 | ▲ +6.8% | +314.6% | 184 | [1] |
| 2024 | $1,375,000 | ▲ +1.0% | +318.6% | 221 | [1] |
| 2025 | $1,585,000 | ▲ +15.3% | +382.5% | 193 | [1] |
| 2026 YTD | $1,750,000 | ▲ +10.4% | +432.7% | 69* | [1] |
🏢
CONDOMINIUMS+507.9%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $234,000 | -- | - | 295 | [1] |
| 2002 | $191,361 | ▼ 18.2% | -18.2% | 324 | [1] |
| 2003 | $157,500 | ▼ 17.7% | -32.7% | 377 | [1] |
| 2004 | $175,000 | ▲ +11.1% | -25.2% | 627 | [1] |
| 2005 | $225,000 | ▲ +28.6% | -3.8% | 808 | [1] |
| 2006 | $332,500 | ▲ +47.8% | +42.1% | 418 | [1] |
| 2007 | $485,450 | ▲ +46.0% | +107.5% | 438 | [1] |
| ⚠ 2008 | $440,000 | ▼ 9.4% | +88.0% | 267 | [1] |
| ⚠ 2009 | $420,000 | ▼ 4.5% | +79.5% | 212 | [1] |
| ⚠ 2010 | $390,000 | ▼ 7.1% | +66.7% | 237 | [1] |
| ⚠ 2011 | $287,500 | ▼ 26.3% | +22.9% | 279 | [1] |
| 2012 | $275,000 | ▼ 4.3% | +17.5% | 305 | [1] |
| 2013 | $272,000 | ▼ 1.1% | +16.2% | 309 | [1] |
| 2014 | $299,000 | ▲ +9.9% | +27.8% | 331 | [1] |
| 2015 | $341,000 | ▲ +14.0% | +45.7% | 357 | [1] |
| 2016 | $374,500 | ▲ +9.8% | +60.0% | 360 | [1] |
| 2017 | $412,500 | ▲ +10.1% | +76.3% | 372 | [1] |
| 2018 | $499,750 | ▲ +21.2% | +113.6% | 358 | [1] |
| 2019 | $560,000 | ▲ +12.1% | +139.3% | 433 | [1] |
| 2020 | $510,000 | ▼ 8.9% | +117.9% | 581 | [1] |
| 2021 | $650,000 | ▲ +27.5% | +177.8% | 684 | [1] |
| 2022 | $1,195,000 | ▲ +83.8% | +410.7% | 539 | [1] |
| 2023 | $934,250 | ▼ 21.8% | +299.3% | 312 | [1] |
| 2024 | $840,000 | ▼ 10.1% | +259.0% | 292 | [1] |
| 2025 | $1,422,500 | ▲ +69.3% | +507.9% | 344 | [1] |
| 2026 YTD | $860,000 | ▼ 39.5% | +267.5% | 89* | [1] |
04
Full MLS Dataset: 2000–2026 · Areas 02–07 · Source [1]
Deer Valley - Year-Over-Year Data (All Available Years)
67% of Deer Valley transactions completed in cash (2023) [8]; 79% cash (2025) [7]. Non-rate-sensitive buyer pool. The 2008–2011 dip reflects small-sample ultra-luxury volatility at this price tier; the market fully recovered by 2018. Source: [1].
Amber = financial crisis period (2008–2011)
🏔
ALL RESIDENTIAL - All Property Types Combined+645.1%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $660,000 | -- | - | 159 | [1] |
| 2002 | $605,000 | ▼ 8.3% | -8.3% | 141 | [1] |
| 2003 | $690,000 | ▲ +14.0% | +4.5% | 169 | [1] |
| 2004 | $665,000 | ▼ 3.6% | +0.8% | 285 | [1] |
| 2005 | $963,742 | ▲ +44.9% | +46.0% | 358 | [1] |
| 2006 | $1,135,250 | ▲ +17.8% | +72.0% | 271 | [1] |
| 2007 | $1,861,350 | ▲ +64.0% | +182.0% | 256 | [1] |
| ⚠ 2008 | $1,710,000 | ▼ 8.1% | +159.1% | 125 | [1] |
| ⚠ 2009 | $1,710,000 | ▲ +0.0% | +159.1% | 129 | [1] |
| ⚠ 2010 | $1,610,625 | ▼ 5.8% | +144.0% | 190 | [1] |
| ⚠ 2011 | $1,062,500 | ▼ 34.0% | +61.0% | 188 | [1] |
| 2012 | $1,360,000 | ▲ +28.0% | +106.1% | 191 | [1] |
| 2013 | $1,212,500 | ▼ 10.8% | +83.7% | 180 | [1] |
| 2014 | $1,405,000 | ▲ +15.9% | +112.9% | 188 | [1] |
| 2015 | $1,382,500 | ▼ 1.6% | +109.5% | 185 | [1] |
| 2016 | $1,703,000 | ▲ +23.2% | +158.0% | 178 | [1] |
| 2017 | $1,800,000 | ▲ +5.7% | +172.7% | 197 | [1] |
| 2018 | $2,225,000 | ▲ +23.6% | +237.1% | 203 | [1] |
| 2019 | $1,780,000 | ▼ 20.0% | +169.7% | 183 | [1] |
| 2020 | $2,250,000 | ▲ +26.4% | +240.9% | 292 | [1] |
| 2021 | $3,095,000 | ▲ +37.6% | +368.9% | 294 | [1] |
| 2022 | $3,300,000 | ▲ +6.6% | +400.0% | 156 | [1] |
| 2023 | $4,012,500 | ▲ +21.6% | +508.0% | 114 | [1] |
| 2024 | $3,850,000 | ▼ 4.0% | +483.3% | 115 | [1] |
| 2025 | $4,917,625 | ▲ +27.7% | +645.1% | 190 | [1] |
| 2026 YTD | $4,525,000 | ▼ 8.0% | +585.6% | 46* | [1] |
🏘
TOWNHOMES+484.0%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $625,000 | -- | - | 45 | [1] |
| 2002 | $432,000 | ▼ 30.9% | -30.9% | 45 | [1] |
| 2003 | $625,000 | ▲ +44.7% | +0.0% | 55 | [1] |
| 2004 | $611,250 | ▼ 2.2% | -2.2% | 80 | [1] |
| 2005 | $955,000 | ▲ +56.2% | +52.8% | 94 | [1] |
| 2006 | $1,287,000 | ▲ +34.8% | +105.9% | 48 | [1] |
| 2007 | $1,844,500 | ▲ +43.3% | +195.1% | 72 | [1] |
| ⚠ 2008 | $1,587,500 | ▼ 13.9% | +154.0% | 36 | [1] |
| ⚠ 2009 | $1,095,000 | ▼ 31.0% | +75.2% | 25 | [1] |
| ⚠ 2010 | $982,000 | ▼ 10.3% | +57.1% | 34 | [1] |
| ⚠ 2011 | $1,010,400 | ▲ +2.9% | +61.7% | 24 | [1] |
| 2012 | $850,000 | ▼ 15.9% | +36.0% | 37 | [1] |
| 2013 | $863,750 | ▲ +1.6% | +38.2% | 44 | [1] |
| 2014 | $997,500 | ▲ +15.5% | +59.6% | 60 | [1] |
| 2015 | $875,000 | ▼ 12.3% | +40.0% | 59 | [1] |
| 2016 | $1,251,000 | ▲ +43.0% | +100.2% | 46 | [1] |
| 2017 | $1,000,000 | ▼ 20.1% | +60.0% | 39 | [1] |
| 2018 | $1,315,000 | ▲ +31.5% | +110.4% | 45 | [1] |
| 2019 | $1,168,750 | ▼ 11.1% | +87.0% | 54 | [1] |
| 2020 | $1,675,000 | ▲ +43.3% | +168.0% | 63 | [1] |
| 2021 | $1,995,000 | ▲ +19.1% | +219.2% | 62 | [1] |
| 2022 | $2,319,500 | ▲ +16.3% | +271.1% | 28 | [1] |
| 2023 | $2,550,000 | ▲ +9.9% | +308.0% | 25 | [1] |
| 2024 | $2,510,000 | ▼ 1.6% | +301.6% | 27 | [1] |
| 2025 | $3,650,000 | ▲ +45.4% | +484.0% | 35 | [1] |
| 2026 YTD | $3,175,000 | ▼ 13.0% | +408.0% | 13* | [1] |
🏢
CONDOMINIUMS+607.9%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $712,000 | -- | - | 46 | [1] |
| 2002 | $720,000 | ▲ +1.1% | +1.1% | 46 | [1] |
| 2003 | $581,794 | ▼ 19.2% | -18.3% | 46 | [1] |
| 2004 | $591,756 | ▲ +1.7% | -16.9% | 102 | [1] |
| 2005 | $879,795 | ▲ +48.7% | +23.6% | 114 | [1] |
| 2006 | $1,135,250 | ▲ +29.0% | +59.4% | 71 | [1] |
| 2007 | $1,900,000 | ▲ +67.4% | +166.9% | 103 | [1] |
| ⚠ 2008 | $2,370,250 | ▲ +24.8% | +232.9% | 31 | [1] |
| ⚠ 2009 | $1,830,000 | ▼ 22.8% | +157.0% | 54 | [1] |
| ⚠ 2010 | $1,716,000 | ▼ 6.2% | +141.0% | 83 | [1] |
| ⚠ 2011 | $1,275,000 | ▼ 25.7% | +79.1% | 82 | [1] |
| 2012 | $1,375,000 | ▲ +7.8% | +93.1% | 76 | [1] |
| 2013 | $1,597,500 | ▲ +16.2% | +124.4% | 46 | [1] |
| 2014 | $1,800,000 | ▲ +12.7% | +152.8% | 59 | [1] |
| 2015 | $1,382,500 | ▼ 23.2% | +94.2% | 63 | [1] |
| 2016 | $2,375,000 | ▲ +71.8% | +233.6% | 61 | [1] |
| 2017 | $2,040,000 | ▼ 14.1% | +186.5% | 82 | [1] |
| 2018 | $2,187,500 | ▲ +7.2% | +207.2% | 88 | [1] |
| 2019 | $1,868,750 | ▼ 14.6% | +162.5% | 62 | [1] |
| 2020 | $1,925,100 | ▲ +3.0% | +170.4% | 121 | [1] |
| 2021 | $2,852,500 | ▲ +48.2% | +300.6% | 154 | [1] |
| 2022 | $2,903,823 | ▲ +1.8% | +307.8% | 84 | [1] |
| 2023 | $3,600,000 | ▲ +24.0% | +405.6% | 59 | [1] |
| 2024 | $3,349,500 | ▼ 7.0% | +370.4% | 48 | [1] |
| 2025 | $5,040,526 | ▲ +50.5% | +607.9% | 118 | [1] |
| 2026 YTD | $5,000,000 | ▼ 0.8% | +602.2% | 19* | [1] |
05
Full MLS Dataset: 2000–2026 · Area 10 · Source [1]
Canyons Village - Year-Over-Year Data (All Available Years)
2026 YTD condo median: $860,000 [1]. Source: Park City MLS [1].
Amber = financial crisis period (2008–2011)
⛷
ALL RESIDENTIAL - All Property Types Combined+623.5%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $212,500 | -- | - | 174 | [1] |
| 2002 | $187,500 | ▼ 11.8% | -11.8% | 77 | [1] |
| 2003 | $185,000 | ▼ 1.3% | -12.9% | 67 | [1] |
| 2004 | $178,500 | ▼ 3.5% | -16.0% | 125 | [1] |
| 2005 | $230,550 | ▲ +29.2% | +8.5% | 152 | [1] |
| 2006 | $322,000 | ▲ +39.7% | +51.5% | 127 | [1] |
| 2007 | $385,000 | ▲ +19.6% | +81.2% | 181 | [1] |
| ⚠ 2008 | $346,202 | ▼ 10.1% | +62.9% | 74 | [1] |
| ⚠ 2009 | $425,000 | ▲ +22.8% | +100.0% | 101 | [1] |
| ⚠ 2010 | $331,250 | ▼ 22.1% | +55.9% | 78 | [1] |
| ⚠ 2011 | $265,450 | ▼ 19.9% | +24.9% | 104 | [1] |
| 2012 | $287,500 | ▲ +8.3% | +35.3% | 102 | [1] |
| 2013 | $357,000 | ▲ +24.2% | +68.0% | 97 | [1] |
| 2014 | $349,900 | ▼ 2.0% | +64.7% | 123 | [1] |
| 2015 | $387,500 | ▲ +10.7% | +82.4% | 106 | [1] |
| 2016 | $600,000 | ▲ +54.8% | +182.4% | 175 | [1] |
| 2017 | $577,000 | ▼ 3.8% | +171.5% | 166 | [1] |
| 2018 | $522,500 | ▼ 9.4% | +145.9% | 174 | [1] |
| 2019 | $885,000 | ▲ +69.4% | +316.5% | 265 | [1] |
| 2020 | $700,000 | ▼ 20.9% | +229.4% | 290 | [1] |
| 2021 | $800,000 | ▲ +14.3% | +276.5% | 319 | [1] |
| 2022 | $1,395,000 | ▲ +74.4% | +556.5% | 314 | [1] |
| 2023 | $1,495,000 | ▲ +7.2% | +603.5% | 145 | [1] |
| 2024 | $1,200,000 | ▼ 19.7% | +464.7% | 129 | [1] |
| 2025 | $1,537,500 | ▲ +28.1% | +623.5% | 108 | [1] |
| 2026 YTD | $1,575,000 | ▲ +2.4% | +641.2% | 47* | [1] |
🏘
TOWNHOMES+983.3%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $210,000 | -- | - | 5 | [1] |
| 2002 | $242,500 | ▲ +15.5% | +15.5% | 11 | [1] |
| 2003 | $230,025 | ▼ 5.1% | +9.5% | 14 | [1] |
| 2004 | $263,750 | ▲ +14.7% | +25.6% | 14 | [1] |
| 2005 | $353,000 | ▲ +33.8% | +68.1% | 16 | [1] |
| 2006 | $540,750 | ▲ +53.2% | +157.5% | 18 | [1] |
| 2007 | $544,000 | ▲ +0.6% | +159.0% | 7 | [1] |
| ⚠ 2008 | $550,000 | ▲ +1.1% | +161.9% | 5 | [1] |
| ⚠ 2009 | $615,375 | ▲ +11.9% | +193.0% | 12 | [1] |
| ⚠ 2010 | $685,000 | ▲ +11.3% | +226.2% | 9 | [1] |
| ⚠ 2011 | $315,000 | ▼ 54.0% | +50.0% | 17 | [1] |
| 2012 | $322,700 | ▲ +2.4% | +53.7% | 17 | [1] |
| 2013 | $408,000 | ▲ +26.4% | +94.3% | 15 | [1] |
| 2014 | $510,000 | ▲ +25.0% | +142.9% | 23 | [1] |
| 2015 | $522,750 | ▲ +2.5% | +148.9% | 12 | [1] |
| 2016 | $1,092,500 | ▲ +109.0% | +420.2% | 47 | [1] |
| 2017 | $1,025,000 | ▼ 6.2% | +388.1% | 35 | [1] |
| 2018 | $775,000 | ▼ 24.4% | +269.0% | 41 | [1] |
| 2019 | $1,400,000 | ▲ +80.6% | +566.7% | 69 | [1] |
| 2020 | $1,108,674 | ▼ 20.8% | +427.9% | 70 | [1] |
| 2021 | $1,525,000 | ▲ +37.6% | +626.2% | 83 | [1] |
| 2022 | $2,380,000 | ▲ +56.1% | +1033.3% | 42 | [1] |
| 2023 | $2,410,000 | ▲ +1.3% | +1047.6% | 37 | [1] |
| 2024 | $2,727,625 | ▲ +13.2% | +1198.9% | 32 | [1] |
| 2025 | $2,275,000 | ▼ 16.6% | +983.3% | 32 | [1] |
| 2026 YTD | $3,300,000 | ▲ +45.1% | +1471.4% | 18* | [1] |
🏢
CONDOMINIUMS+257.9%vs 2000 · thru 2025 [1]| Year | Median Sold Price | YoY Change | Cumulative vs. 2000 | Closed Sales | Src |
|---|
| 2000 Base | $234,000 | -- | - | 149 | [1] |
| 2002 | $165,500 | ▼ 29.3% | -29.3% | 13 | [1] |
| 2003 | $160,000 | ▼ 3.3% | -31.6% | 37 | [1] |
| 2004 | $194,500 | ▲ +21.6% | -16.9% | 62 | [1] |
| 2005 | $284,000 | ▲ +46.0% | +21.4% | 73 | [1] |
| 2006 | $385,000 | ▲ +35.6% | +64.5% | 33 | [1] |
| 2007 | $525,000 | ▲ +36.4% | +124.4% | 115 | [1] |
| ⚠ 2008 | $682,475 | ▲ +30.0% | +191.7% | 35 | [1] |
| ⚠ 2009 | $805,500 | ▲ +18.0% | +244.2% | 55 | [1] |
| ⚠ 2010 | $492,500 | ▼ 38.9% | +110.5% | 32 | [1] |
| ⚠ 2011 | $273,500 | ▼ 44.5% | +16.9% | 52 | [1] |
| 2012 | $286,000 | ▲ +4.6% | +22.2% | 54 | [1] |
| 2013 | $364,000 | ▲ +27.3% | +55.6% | 57 | [1] |
| 2014 | $299,000 | ▼ 17.9% | +27.8% | 52 | [1] |
| 2015 | $365,000 | ▲ +22.1% | +56.0% | 67 | [1] |
| 2016 | $385,000 | ▲ +5.5% | +64.5% | 69 | [1] |
| 2017 | $450,000 | ▲ +16.9% | +92.3% | 74 | [1] |
| 2018 | $571,016 | ▲ +26.9% | +144.0% | 87 | [1] |
| 2019 | $875,250 | ▲ +53.3% | +274.0% | 147 | [1] |
| 2020 | $489,000 | ▼ 44.1% | +109.0% | 196 | [1] |
| 2021 | $525,000 | ▲ +7.4% | +124.4% | 220 | [1] |
| 2022 | $1,297,500 | ▲ +147.1% | +454.5% | 262 | [1] |
| 2023 | $1,200,000 | ▼ 7.5% | +412.8% | 93 | [1] |
| 2024 | $820,000 | ▼ 31.7% | +250.4% | 93 | [1] |
| 2025 | $837,500 | ▲ +2.1% | +257.9% | 66 | [1] |
| 2026 YTD | $860,000 | ▲ +2.7% | +267.5% | 25* | [1] |
06
Forward-Looking Demand Drivers
Why This Market Outperforms Through 2034 and Beyond
🏔Deer Valley Resort Expansion
Largest in North American Ski History
2024–2026: Deer Valley added 2,300+ acres, 10 new lifts - more than doubling to 4,300+ skiable acres.[6] East Village now operational: Grand Hyatt (55 residences, $2.3M–$6.9M, sold out), Four Seasons (123 residences, 60% under contract), Waldorf Astoria (105 residences, 2028).[6]
Skier capacity cap maintained despite expanded terrain - preserving the uncrowded experience that sustains premium pricing.[6]
4,300+Total skiable acres post-expansion [6]
🥇2034 Winter Olympics
Salt Lake City · Confirmed July 2024
IOC awarded 2034 Winter Games to Salt Lake City in July 2024.[10] Events at Park City Mountain, Deer Valley, and Utah Olympic Park. All 13 venues already operational - no construction risk.[7]
2002 Games: $5B economic impact, +72% skier visits through 2019.[7] PyeongChang Olympic announcement alone increased host-region values +5.5%.[11]
$6.6BProjected 2034 economic impact [9]
📐Structural Supply Constraint
Geographic Scarcity · Permanent
Park City and Deer Valley are bounded by National Forest, resort terrain, and state highway infrastructure. Physical constraints are permanent. Active listings remain 25–30% below pre-pandemic levels.[4][5]
79% of Deer Valley 2025 transactions closed in cash.[7] 67% in 2023.[8] The buyer pool is structurally non-rate-sensitive.
148%Park City 10-year appreciation - top 10% nationally [3]
07
Reference Data · Source [2]
The Ascent - Portfolio Reference
Source: Park City MLS Residential CMA, May 21, 2026. 70 pending units at 4080 N Cooper Lane, Park City, UT. [2]
Total Pending Units [2]
70
All under presale contract
Portfolio Value [2]
$41.4M
Sum of current list prices
Median List Price [2]
$548,777
Average: $591,940
Avg $/Sq Ft [2]
$1,332
Median: $1,249/sqft
Year Built [2]
2023
New construction
Unit Types [2]
Studio + 1BR
351–628 sqft
HOA Dues [2]
$434–$792
Per month
Area Condo Median [1]
$860K
Canyons Village 2026 YTD
| Unit Type | Count | Sq Ft | List Price Range | Median Current LP |
|---|
| Studio S | 15 | 351 sqft | $359,336 – $562,432 | $419,938 |
| Studio M | 13 | 383 sqft | $392,095 – $669,318 | $452,871 |
| Studio L | 32 | 451 sqft | $461,711 – $966,667 | $597,085 |
| 1-Bedroom | 10 | 628 sqft | $707,207 – $1,097,471 | $797,214 |
| ALL UNITS | 70 | 351–628 sqft | $359,336 – $1,097,471 | $548,777 |
Disclaimer
This document contains historical real estate market data compiled from Park City MLS records. All information is deemed reliable but not guaranteed. Past market performance does not guarantee future results and should not be relied upon as a predictor of future market conditions. This document is not an appraisal, broker price opinion, or opinion of market value. Summit Sotheby's International Realty makes no representations or warranties regarding the accuracy or completeness of the information contained in this document and disclaims any duty to update it. Any party that receives or uses this information does so at its own risk and should conduct its own independent analysis.
Sources & Attribution
Every claim attributed to a named primary or documented secondary source
| [1] | Park City MLS - Closed Residential Transaction Data, 2000–202625,000+ closed residential transactions. Data deemed reliable but not guaranteed. |
| [2] | The Ascent Portfolio – Residential CMASource: Park City MLS. 70 pending units at 4080 N Cooper Lane, Park City, UT. As of May 21, 2026. |
| [3] | NeighborhoodScout - Park City, UT Real Estate Market Appreciationneighborhoodscout.com/ut/park-city/real-estate · Q3 2024 |
| [4] | Park City Board of Realtors - Q1 2026 Quarterly Statisticsparkcityrealtors.com · April 2026 |
| [5] | Park City Board of Realtors - Q4 2023 Statisticsparkcityrealtors.com · January 2024 |
| [6] | Real Estate in Park City - "How the Deer Valley Expansion Is Reshaping Property Values"realestateinparkcity.com · March 2026 |
| [7] | Real Estate in Park City - "The Investment Logic Behind Ski Property in Park City and Deer Valley"realestateinparkcity.com · March 2026 |
| [8] | Real Estate in Park City - "Deer Valley Real Estate Market Update 2025"realestateinparkcity.com · February 2026 |
| [9] | University of Utah, Kem C. Gardner Policy Institute - 2034 Olympics Economic Impact$6.6B projected impact; 42,000 job-years; $2.5B personal income. Cited via [7]. |
| [10] | International Olympic Committee - 2034 Winter Olympic Games Announcementolympic.org · July 24, 2024 |
| [11] | Academic Research - PyeongChang Olympics Property Value Study (+5.5%)Cited via keyeteam.com · December 2023 & [7] |
| [12] | Sotheby's International Realty - 2026 Luxury Outlook Reportluxuryoutlook.com · 2026 |
Methodology: All appreciation figures reflect changes in median sold price between calendar years. 2026 data is year-to-date through May 21, 2026 (partial year only). Deer Valley (Areas 02–07) is a geographic subset of Park City Core (Areas 01–22); figures are not additive. Past appreciation does not guarantee future performance.