March 2023

Market Report for Park City Real Estate

What's Selling?

Check out the sales activity below to see which properties actually sold in Park City in March 2023. Broken down by neighborhood and area, you will also see stats compiled for Park City's two main zip codes (84060 and 84098). Since the Park City real estate market extends way outside of Park City itself, you'll also see stats for key communities in the 84032 zip code of Wasatch County. 

Stats haven't been provided for additional communities like Powder Mountain, the Kamas Valley, Salt Lake City, or Sundance. If you're interested in any of these areas, or another segment of the market, just send me a message below. 

 

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Hank Mastain

Park City, Utah Real Estate. 

March 2023 in 84060

4
Single Family Homes Closed
$5,612,500
Single Family Home Median Price
6
Townhomes Closed
$2,143,494
Townhome Median Price
18
Condos Closed
$2,125,000
Condo Median Price
23
New Residential Listings
124
Residential Listings Available
28
Median Days on Market to Sell

Closer Look: 84060

March 2023 sales activity broken down by 84060 neighborhood/areas:

Deer Valley

(Upper and Lower DV, Empire Pass, Deer Crest)

14 Closed, 11 New Under Contract

Top Closing: $7,425,000 in Nakoma. Other Highlights: $20,000,000 penthouse at the St. Regis (pending); $6,925,000 in Bellemont, appreciated 36% since it was purchased 24 months ago. Click here for all Deer Valley closings and new under contracts in March 2023

 

Park City Limits

(84060, Excluding Deer Valley)

13 Closed, 16 New Under Contract

Top Closing: $4,000,000 in Park Meadows. Other Highlights: $25,000,000 in the Colony (under contract). Click here for all 84060 closings and new under contracts in March 2023.

 

Mayflower Ski Resort

(Wasatch County but 84060 Zip Code)

4 Closed, 4 New Under Contract

Top Closing: $3,200,000 in Marcella (ski-in/ski-out lot). Other Highlights: The upcoming Grand Hyatt is almost 50% under contract. No new under contracts at the Valvaere. Click here for all Mayflower Ski Resort closings and new under contracts in March 2023.

March 2023 in 84098

26
Single Family Homes Closed
$1,730,000
Single Family Home Median Price
12
Townhomes Closed
$1,150,000
Townhome Median Price
13
Condos Closed
$723,000
Condo Median Price
59
New Residential Listings
213
Residential Listings Available
36
Median Days on Market to Sell

Closer Look: 84098

March 2023 sales activity broken down by 84098 neighborhood/areas:

Canyons Village

(Does not include Colony)

14 Closed, 14 New Under Contract

Top Closing: $6,500,000 in Aspen Creek Crossing. Other Highlights: Buyers seem to be purchasing everything except Pendry. Click here for all Canyons Village closings and new under contracts in March 2023

 

Glenwild

(Homes and Land Included)

0 Closed, 1 New Under Contract

Top Closing: No new closingsOther Highlights: Home of former Real Housewives Star Jen Shah goes up for Auction, under contract . Click here for all Glenwild closings and new under contracts in March 2023.

 

Promontory

(Homes and Land Included)

6 Closed, 5 New Under Contract

Top Closing: $5,202,427Other Highlights: Promontory Lot sells in 2021 for $1,200,000, back on market at $1,550,000 and under contract (8498 Promontory Rock). Click here for all Promontory closings and new under contracts in March 2023.

 

Snyderville Basin

(Residential Only, Does not include Canyons, Glenwild, or Promontory)

29 Closed, 24 New Under Contract

Top Closing: $4,623,500 in Sun PeakOther Highlights: Most active segment of the Park City market. Click here for all Snyderville Basin closings and new under contracts in March 2023.

Closer Look: 84032 (Outside Park City)

March 2023 sales activity in select 84032 neighborhood/areas outside Park City:

Hideout

(Homes and Land Included)

5 Closed, 5 New Under Contract

Top Closing: $1,100,000 in Reflection Ridge (vacant lot). Other Highlights: $25,000,000 development parcel under contract. Click here for all Hideout closings and new under contracts in March 2023

 

Tuhaye

(Homes and Land Included)

6 closed, 3 New Under Contract

Top Closing: $3,356,669 in Moondance Park. Other Highlights: $2,125,000 lot closed in Cougar Moon.  Click here for all Tuhaye closings and new under contracts in March 2023

 

Victory Ranch

(Homes and Land Included)

2 Closed, 1 New Under Contract

Top Closing: $4,050,000 cabin. Other Highlights: $1,395,000 lot on 3.921 acres . Click here for all Victory Ranch closings and new under contracts in March 2023.

 

Red Ledges

(Homes and Land Included)

6 Closed, 5 New Under Contract

Top Closing: $5,200,000Other Highlights: Tied with Promontory as the most active market among the gated golf course communities this month. Click here for all Red Ledges closings and new under contracts in March 2023.

 

Midway

(Residential Only)

5 Closed, 5 New Under Contract

Top Closing: $1,275,000 zoned residential/commercialOther Highlights: . Click here for all Midway closings and new under contracts in March 2023.