Q4 Monthly Market Report
The Park City real estate market concluded 2025 with remarkable performance, posting the second-highest sales volume in recorded history at $5.75 billion (combined single-family and condominium sales) —just behind the COVID-era peak. Despite December showing some weakness, not unusual for the holidays, the year demonstrated exceptional strength in pricing, solid transaction volumes, and a return to stable, pre-pandemic market patterns.
Year-over-year comparisons through December 31, 2025, revealed a market that has returned to pre-pandemic equilibrium. Single-family sales remained robust, totaling $3.52 billion (up 26% year over year) impelled not by units sold (up only 6%) but by 17-19% rises in sale prices. A similar result was seen in the condominium market that saw a 20% increase in sales volume (to $1.66 billion) despite selling 8% fewer units, because the average sales price was up 30% to $1.8 million.
As we can see in this graph, the smooth arc of increasing year-over-year sales beginning in 2009 after the financial crisis ended, extends on that trajectory to today – except for the spike during the Covid pandemic.
Single-Family Homes: Considerations
The dramatic difference between newly constructed or recently remodeled homes identified last quarter continued to affect sales decisions through year end. Buyers paid a significant premium for new, move-in-ready construction. Add to that a recently identified trend in vacant land sales, where buyers show a strong appetite for lots in gated communities with golf club memberships attached to the lot. Agents reported seeing such entitled lots selling for $800K to $1 million more than similar sized lots without golf options.
Key Single-Family Highlights:
Park City proper (Areas 1-9): Exceptional growth: 143 sales (+29% from 2024)
Sales volume jumped 39% to $712 million
Median price: $3,825,000
Agent observations: Buyers trending younger demographically
Migration pattern: Agents noted a continued strong influx from out of state, with many buyers relocating full-time rather than purchasing second homes
Old Town: Only 53 homes sold in the past 12 months, with the median price holding steady at $3.9 million, reflecting the scarcity of inventory in this coveted neighborhood.
Canyons: It was a banner year for the mega-homes on White Pine Canyon Road. Ten of them sold for an average price of over $17 million.
Promontory: As noted earlier, interested golf buyers paid a premium for homes in Promontory. 70% of potential buyers wanted golf-accessible properties, and many were willing to downsize their target homes in order to be close to the courses. The average home sold in Promontory was 5-6% smaller than last year.
Jordanelle: Further south, frantic construction continued to bring new houses to market, so sales units (110, up 25%) and volume ($508 million, up 45%) reflected that activity. The median sale price crossed over $4 million for the first time. Tuhaye was the stand-out performer, seeing 29 sales at a median price just a skosh under $6 million.