Park City, UT
The Park City and Deer Valley real estate market, including highly sought-after ski-in ski-out properties, opened 2026 with a clear theme: segmentation, resilience, and continued strength in the luxury single-family sector, according to a new Q1 market analysis from Wayne Levinson, award-winning Realtor® with KW Park City Keller Williams Real Estate.
Drawing from the latest Park City MLS data and brokerage-level analytics, Levinson reports that while headline numbers suggest a modest slowdown, underlying fundamentals remain strong—particularly in ski-in ski-out homes, luxury single-family properties, and emerging growth markets near Deer Valley and Jordanelle.
Q1 2026 Market Snapshot: A Tale of Two Markets
The greater Park City real estate market recorded 529 total transactions and $1.195 billion in sales volume in Q1 2026, representing a 6% decline in unit sales and a 10% decline in total volume year-over-year, driven primarily by a slowdown in the condominium segment.
However, these headline numbers mask significant divergence across property types:
- Single-family homes (including ski-in ski-out properties): +14% in transactions and +9% in volume
- Condominiums (including Deer Valley condos): -31% in transactions and -41% in volume
- Land: +5% in transactions with stable overall volume
“This Is a Market Recalibration, Not a Decline”
“What we’re seeing in Park City and Deer Valley is not a market contraction—it’s a recalibration,” said Levinson. “The luxury buyer—especially in ski-in ski-out real estate—is still active, but more selective. Meanwhile, the condo slowdown is largely a function of supply absorption, not a drop in demand.”
MLS data indicates that much of the condominium slowdown is tied to reduced new development inventory in Deer Valley and surrounding luxury submarkets, following the absorption of recent high-end projects.
12-Month Trends Confirm Long-Term Strength
When viewed through a 12-month lens, the Park City and Deer Valley real estate markets demonstrate continued strength:
- Total market volume increased 9% year-over-year
- Single-family home volume rose 21%
- Combined residential market volume increased 11%
Additionally, pricing trends reinforce resilience:
- Single-family and ski-in ski-out home prices remained strong across key Deer Valley and Park City submarkets
- Condominium prices increased despite fewer transactions, reflecting a shift toward higher-end inventory
Key Submarket Highlights Driving Ski-In Ski-Out Demand
Jordanelle & Deer Valley East Village Expansion:
- +114% increase in single-family transactions
- +90% increase in sales volume
With proximity to Deer Valley’s major expansion, this area is attracting buyers seeking future ski-in ski-out access and long-term appreciation potential.
Snyderville Basin (Canyons Village, Promontory):
- 78 single-family home sales totaling $331.9 million
- +18% increase in transactions and +25% increase in volume
- A key hub for luxury buyers seeking resort proximity and ski access.
Park City Proper & Deer Valley Core:
- Transaction count declined 21%
- Median home price held steady near $4.0 million (+1%)
This reflects continued pricing strength in core ski-in ski-out and luxury neighborhoods despite reduced transaction velocity.
Market Headwinds Influencing Buyer Behavior
Several macroeconomic and local factors shaped Q1 performance:
- Elevated mortgage interest rates impacting mid-market buyers
- Economic uncertainty influencing high-net-worth purchase timing
- Rising insurance costs in mountain and wildfire-prone zones
- Limited inventory of premium ski-in ski-out homes
Despite these factors, tight supply in Deer Valley and other ski-in ski-out locations continues to support long-term value and pricing stability.
2026 Outlook: Deer Valley and Ski-In Ski-Out Properties Lead the Market
Looking ahead, Levinson expects continued segmentation:
- Luxury ski-in ski-out homes: Strong demand with limited supply
- Deer Valley real estate: Continued upward pressure driven by expansion and brand-driven demand
- Condominium market: Stabilization following inventory reset
- Emerging markets (Jordanelle, Hideout, Heber Valley): Growth tied to accessibility and relative value
“The buyers who want ski-in ski-out real estate in Deer Valley and Park City still want to be here—they’re just more deliberate,” Levinson added. “That creates opportunity for strategic sellers and informed buyers.”
About Wayne Levinson
Wayne Levinson is a top-performing Realtor® with KW Park City Keller Williams Real Estate, specializing in luxury real estate, ski-in ski-out homes, and Deer Valley properties, as well as data-driven pricing strategies.
He is the recipient of:
- Agent of the Year – Summit County (RateMyAgent)
- FastExpert Top Agent – Park City and Kamas (2026)
- Best of Zillow (Top Agent, 10 of 12 months in 2025)
Levinson holds the following National Association of Realtors® designations:
PSA (Pricing Strategy Advisor), ABR (Accredited Buyer’s Representative), and RENE (Real Estate Negotiation Expert).