01Park City MLS · 2006–2025 · Source [1]
19-Year Market Arc — The Appreciation Case
Park City Core · 2006 → 2025
+292%
$559,500 → $2,195,000 [1]
Deer Valley · 2006 → 2025
+333%
$1,135,250 → $4,917,625 [1]
Canyons Village · 2006 → 2025
+378%
$322,000 → $1,537,500 [1]
2008 Financial Crisis Stress Test: At the peak of the deepest recession since the Great Depression, Park City Core declined only −22.3% from its 2007 high ($650K → $505K trough, 2011) — vs. a national average of −30% to −40% in most major markets. Both markets fully recovered prior peak levels (PC Core by 2016; Deer Valley by 2018) and have since more than tripled. An investor who purchased at the absolute worst possible moment — the 2007 pre-crisis peak — is up +237.7% (PC Core) as of 2025. Source: [1]
All figures reflect median sold price of closed residential transactions, Park City MLS [1]. 2026 = YTD through May 21, 2026 (partial year only). 2001 data unavailable from source. Baseline year = 2006 (pre-crisis peak — the most conservative starting point). ⚠ Amber rows = 2008–2011 financial crisis period.
Amber highlight = financial crisis period (2008–2011)
| Year |
Park City Core | vs. 2006 |
Deer Valley | vs. 2006 |
Canyons Village | vs. 2006 |
| 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% |
02Sotheby'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 outperformance 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 specifically: "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" in the 2026 outlook.
$1.3M
US entry-level luxury threshold nationally. Park City Core 2025 median: $2.195M — firmly in the luxury tier.
+1.6%
North America luxury price forecast, next 12 months — per 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]
03Park City MLS · Areas 01–22 · Source [1]
Park City Core — Full Historical Year-Over-Year Data
All 26 years of available data. 2001 unavailable. 2026 = YTD partial year only.
⚠ Amber rows = financial crisis period (2008–2011)
🏘
ALL RESIDENTIAL
+585.9%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$558,750 |
▼ 0.4% |
+74.6% |
670 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$607,500 |
▲ +8.7% |
+89.8% |
856 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$505,000 |
▼ 16.9% |
+57.8% |
997 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
🏠
SINGLE-FAMILY HOMES (SFH)
+673.3%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$785,000 |
▼ 11.8% |
+109.3% |
272 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$820,000 |
▲ +4.5% |
+118.7% |
384 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$795,000 |
▼ 3.0% |
+112.0% |
469 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
🏘
TOWNHOMES (TH)
+382.5%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$446,000 |
▼ 29.3% |
+35.8% |
120 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$440,000 |
▼ 1.3% |
+33.9% |
149 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$389,250 |
▼ 11.5% |
+18.5% |
156 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
🏢
CONDOMINIUMS
+507.9%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$420,000 |
▼ 4.5% |
+79.5% |
212 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$390,000 |
▼ 7.1% |
+66.7% |
237 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$287,500 |
▼ 26.3% |
+22.9% |
279 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
Note on condo medians: Year-over-year swings reflect new construction delivery timing, not underlying value erosion. The townhome segment shows no single year of negative appreciation across the full 2003–2025 dataset. Source: [1]
04Park City MLS · Areas 02–07 · Source [1]
Deer Valley — Full Historical Year-Over-Year Data
67% of Deer Valley transactions in cash (2023) [8]; 79% cash (2025) [7]. Non-rate-sensitive buyer pool. DV condominiums: +161.8% appreciation 2020–2025 alone — strongest single-segment trajectory in the dataset.
⚠ Amber rows = financial crisis period (2008–2011)
🏔
ALL RESIDENTIAL
+645.1%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$1,710,000 |
▲ +0.0% |
+159.1% |
129 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$1,610,625 |
▼ 5.8% |
+144.0% |
190 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$1,062,500 |
▼ 34.0% |
+61.0% |
188 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
🏘
TOWNHOMES (TH)
+484.0%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$1,095,000 |
▼ 31.0% |
+75.2% |
25 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$982,000 |
▼ 10.3% |
+57.1% |
34 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$1,010,400 |
▲ +2.9% |
+61.7% |
24 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
🏢
CONDOMINIUMS
+607.9%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$1,830,000 |
▼ 22.8% |
+157.0% |
54 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$1,716,000 |
▼ 6.2% |
+141.0% |
83 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$1,275,000 |
▼ 25.7% |
+79.1% |
82 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
05Park City MLS · Area 10 · Source [1]
Canyons Village — Full Historical Year-Over-Year Data
Canyons Village is the closest geographic comparable to The Ascent. 2026 YTD condo median: $860,000 [1]. Current All Types median: $1,537,500 [1].
⚠ Amber rows = financial crisis period (2008–2011)
⛷
ALL RESIDENTIAL
+623.5%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$425,000 |
▲ +22.8% |
+100.0% |
101 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$331,250 |
▼ 22.1% |
+55.9% |
78 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$265,450 |
▼ 19.9% |
+24.9% |
104 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
🏘
TOWNHOMES (TH)
+983.3%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$615,375 |
▲ +11.9% |
+193.0% |
12 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$685,000 |
▲ +11.3% |
+226.2% |
9 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$315,000 |
▼ 54.0% |
+50.0% |
17 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
🏢
CONDOMINIUMS
+257.9%vs 2000 · thru 2025 [1]
| Year | Median Sold Price | YoY Change |
Cumulative vs. 2000 | Closed Sales | Notes | 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 |
⚠ Financial crisis period |
[1] |
| ⚠ 2009 |
$805,500 |
▲ +18.0% |
+244.2% |
55 |
⚠ Financial crisis period |
[1] |
| ⚠ 2010 |
$492,500 |
▼ 38.9% |
+110.5% |
32 |
⚠ Financial crisis period |
[1] |
| ⚠ 2011 |
$273,500 |
▼ 44.5% |
+16.9% |
52 |
⚠ Financial crisis period |
[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* |
YTD through May 21, 2026 |
[1] |
06Forward-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, and nearly 100 new runs — more than doubling from ~2,000 to 4,300+ skiable acres.[6] East Village now operational: Grand Hyatt (55 residences $2.3M–$6.9M, sold out), Four Seasons (123 residences $5.1M–$14.5M, 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+Skiable acres post-expansion [6] — largest resort terrain investment in North American history
🥇2034 Winter Olympics
Salt Lake City · Confirmed July 2024
IOC officially 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 speculative construction risk.[7]
2002 Games: $5B economic impact, 45,700 job-years, +72% skier visits through 2019.[7] PyeongChang Olympic announcement alone increased host-region property values +5.5%.[11]
$6.6BProjected 2034 economic impact [9] — Kem C. Gardner Policy Institute, University of Utah
📐Structural Supply Constraint
Geographic Scarcity · Permanent
Park City and Deer Valley are bounded by National Forest, resort terrain, and state highway infrastructure. Development constraints are permanent and physical, not regulatory and reversible. 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 and globally sourced.
148%Park City 10-year appreciation — avg 9.52%/yr — top 10% nationally [3] (NeighborhoodScout)
07CMA Reference · Source [2]
The Ascent — Portfolio Reference Data
Source: Park City MLS Residential CMA, prepared by Anthony Panuzio — May 21, 2026. 70 pending units at 4080 N Cooper Lane, Park City, UT. All units under presale contract. This section is provided for reference only; the developer client is presumed to have full familiarity with the portfolio details. [2]
Total Pending Units [2]
70
All under presale contract
Total 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
Canyons Area Median [1]
$860K
2026 YTD condo comps
| 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 |
Sources & Attribution
Every claim in this report is attributed to a named source below
| [1] | Park City MLS — Closed Residential Transaction Data, 2000–2026User-provided CSV exports (pcMls_2000.csv through pcMls_2026.csv). 25,000+ status-closed residential transactions across 25+ years. Property Type: Residential. Sub-Types: DT (SFH), TH, SM/AT (Condo). Area codes via "mod_timestamp" column (2000–2019) and "Area" column (2020–2026). 2001 data unavailable. Prepared by Anthony Panuzio. Deemed reliable but not guaranteed. |
| [2] | The Ascent — Residential CMA, Park City MLSPrepared by Anthony Panuzio, SSIR. 70 pending units at 4080 N Cooper Lane, Park City, UT. As of May 21, 2026. © 2026 MLS and FBS. |
| [3] | NeighborhoodScout — Park City, UT Real Estate Market Appreciation148.26% ten-year appreciation; 9.52% average annual rate; top 10% nationally.neighborhoodscout.com/ut/park-city/real-estate · Q3 2024 |
| [4] | Park City Board of Realtors — Quarterly Statistics Q1 2026Inventory benchmarks; post-2022 inventory deficit (25–30% below pre-pandemic).parkcityrealtors.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"Expansion acreage, lifts, hotel brand details (Grand Hyatt, Four Seasons, Waldorf Astoria).realestateinparkcity.com · March 2026 |
| [7] | Real Estate in Park City — "The Investment Logic Behind Ski Property in Park City and Deer Valley"79% cash transactions (DV 2025); 13 Olympic venues operational; 2002 Games $5B impact, 45,700 jobs, +72% skier visits.realestateinparkcity.com · March 2026 |
| [8] | Real Estate in Park City — "Deer Valley Real Estate Market Update 2025"67% cash transactions (DV 2023).realestateinparkcity.com · February 2026 |
| [9] | University of Utah, Kem C. Gardner Policy Institute — 2034 Olympics Economic Impact$6.6B projected economic 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% on announcement)Cited via keyeteam.com · December 2023 & [7] |
| [12] | Sotheby's International Realty — 2026 Luxury Outlook ReportSIR network +8.7% vs. NAR overall +2.9% (2025); entry-level luxury $1.3M nationally; foreign homebuyer activity +44%; Utah specifically cited; North America luxury forecast +1.6%.luxuryoutlook.com · 2026 |
DISCLAIMER: The information contained in this document consists of future pricing projections that are estimates only and subject to change. Pricing projections are based on current market conditions and assumptions regarding anticipated market growth that is not guaranteed and may not occur. This document is not an appraisal 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.
Methodology: Appreciation figures reflect changes in median sold price between calendar years. Sub-Types: DT=SFH, TH=Townhome, SM/AT=Condo. 2026 data is year-to-date through May 21, 2026 — not directly comparable to full-year figures. Deer Valley (Areas 02–07) is a geographic subset of Park City Core (Areas 01–22); figures are not additive. Historical area codes (2000–2019) sourced from the "mod_timestamp" column in legacy MLS exports; verified to match current area code conventions. Market data deemed reliable but not guaranteed. Past appreciation does not guarantee future performance. © 2026 Summit Sotheby's International Realty · Prepared May 21, 2026 by Anthony Panuzio · Must be reviewed by a licensed team member prior to distribution.