If you’ve been following the national real estate conversation, you might hear a lot about markets cooling or price gains slowing. But here in Deer Valley and Park City, we operate on a different elevation—a high-altitude market insulated by global demand and the sheer exclusivity of the lifestyle.
The Q3 2025 data confirms that our trajectory remains strong, steady, and significantly outpaces the national average. Let’s dive into the metrics that define our unique mountain economy and look ahead to 2025.
Demand: Our Unstoppable Engine
The desire for a Deer Valley address is not tied to traditional economic uncertainty; it’s fueled by a commitment to the ultimate alpine lifestyle. This non-discretionary nature of our luxury buyer keeps demand exceptionally robust.
- Closed Sales Momentum: We are charting a stronger course than the rest of the country. The Greater Park City (GPC) market saw a 6.4% year-over-year increase in overall closed transactions for Q3 2025 , far surpassing the national 1.5% bump.
- The Power of the Single Family Home: Single-Family Residences (SFR) are experiencing an exciting resurgence, with sales climbing by approximately 20% in both the highly coveted “In Town” areas and the surrounding Basin.
- Insulation from Interest Rates: Our market’s exceptional reliance on cash buyers provides an enviable buffer against interest rate volatility. Over half of our transactions bypass traditional financing:
- Single-Family Homes: 55% Cash
- Luxury Condos: 53% Cash
Supply: A Breath of Fresh Alpine Air
For years, the market felt choked by a lack of listings, but we are finally seeing a welcome increase in property options. This oxygen in the market is a healthy sign for both buyers and sellers.
- Inventory is Back: We’ve climbed over a significant hurdle! Total GPC inventory listings increased by 4.3% in Q3 2025, cresting over 1,000 units for the first time in five years.
- New Product Dominates: Much of this new inventory is thanks to fresh builds and stunning new developments. Luxury condos, specifically, have seen a substantial 24% rise in available inventory compared to last year.
- A Balanced Market: The absorption rate—how long it takes for available homes to sell—is currently 5.7 months. This figure is comfortably below our pre-COVID historical average of 7.2 months, confirming that inventory is being absorbed efficiently.
Pricing: The Premium of Exclusivity
The cost of ownership in Deer Valley reflects the scarcity and desirability of this rare asset class. Prices continue their steady appreciation, especially when you consider the value of existing, established properties.
- The Price of Entry: Ownership requires significant capital. The median price for a Single-Family property in Park City has soared past $4 million, confirming our status as a truly global luxury destination.
- Steady Appreciation for Existing Homes: While the inclusion of ultra-premium new construction caused the 12-month median price to spike by a shocking 26% , when we filter out these new builds, the appreciation of existing luxury homes remains strong at a reliable 6.7%. This appreciation is still three times the national rate of 2.1%.
- Historic Asset Growth: For long-term owners, our market is a generational wealth builder: property values here have historically doubled in just over 4 years (51 months), compared to over a decade nationally.
Your Deer Valley Property Playbook for 2026
The local data delivers a clear message: Deer Valley continues its steady climb. For both buying and selling, success relies on pinpoint accuracy.
- For Sellers: New construction has raised the bar, but the demand for existing homes is potent. Leveraging your property’s unique location and optimizing its appeal are essential to capture the premium commanded by our rising median price.
- For Buyers: This rise in inventory is a golden opportunity! The market remains balanced, but specific segments are extremely competitive. For instance, the demand for “In Town” Condos below the median price is flying off the shelf in just 4.3 months. Now is the time to work with a local expert to target neighborhoods with the best long-term potential.
- Future Value Focus: Keep your eye on the “M-Word Expansion” (the Deer Valley Mountain Expansion). The future development around the Jordanelle and the Basin ensures continued upward pressure on values, making these properties compelling long-term acquisitions.
Deer Valley is an incredible place to own, blending financial strength with an unmatched luxury lifestyle. Let’s make your 2026 real estate goals a reality. Contact us for a complete list of homes for sale in Deer Valley.
*Data from Park City MLS and Rick Kleins Q3 Report