Q1 2026 Market Report
The greater Park City real estate market opened 2026 with a split personality. Single-family home sales surged forward with impressive momentum—transactions up 14% and total volume up 9% from Q1 2025—while the condominium market hit the brakes hard, posting steep declines in both units sold and total volume. Below the headline numbers, however, the story is more nuanced: prices held firm or rose in most areas, and the broader rolling 12-month data (April 2025 through March 2026) tells a much more stable, even optimistic tale. If Q1 felt like a mixed bag, context reveals a market that remains fundamentally healthy.
Looking at the total picture across all property types, the first quarter of 2026 saw 529 transactions generating $1.195 billion in sales volume—compared to 562 transactions totaling $1.321 billion in Q1 2025. That’s a modest 6% dip in units and 10% in volume, driven almost entirely by the sharp condo slowdown. Single-family homes, the backbone of the market, actually increased by 14% in units and 9% in volume.
The rolling year-over-year numbers—comparing the 12 months ending March 31, 2026 with the same period a year prior—paint an even brighter picture. Total market volume rose 9% with single-family volume up a striking 21% and the combined residential market (single family plus condos) up 11%. These trailing 12-month figures smooth out the seasonal noise and confirm that the greater Park City market has not lost its footing.
SINGLE FAMILY HOMES-THE STAR OF Q1
If the Park City market were a ski resort, single-family home sales would be a freshly groomed blue run—maybe not the daredevil black diamond of the COVID-era frenzy, but steady, strong, and enjoyable for buyers and sellers alike. Across the MLS area, 272 single-family homes sold in Q1 2026, generating $776.7 million in volume.
Standout Stories
Jordanelle: The Quarter’s Most Remarkable Jump
The Jordanelle area was the runaway story of Q1 2026 for single-family homes—sales more than doubled year-over-year (14 to 30 transactions) and volume nearly doubled ($63.4M to $120.2M, +90%). Led by a surge in Mayflower-Jordanelle—which saw sales jump from 2 to 11 transactions—this area is clearly absorbing new construction supply with healthy demand.
Snyderville Basin: Broad-Based Strength
The Snyderville Basin—the sprawling area encompassing Canyons Village, Promontory, Jeremy Ranch, Glenwild, and more—was the highest-volume single-family sub-market in Q1, with 78 homes sold for $331.9 million. That’s an 18% jump in units and 25% in volume from Q1 2025.
Promontory (Area 22): 22 sales at $128.3 million (+56% volume) with a median of $4.8M (+31%). Golf-community demand continues to drive premium pricing.
Canyons Village (Area 10): Volume edged down slightly (-4%), but the median price skyrocketed 98% to $23.5 million on just 3 transactions. Tiny sample—dramatic outlier. New ultra-luxury construction is driving that number.
Glenwild (Area 18): 5 sales averaging $6.3M each, up 151% in volume—a standout performance in one of Park City’s most exclusive gated communities.
Jeremy Ranch (Area 17): 67% more transactions and volume more than doubled to $27.8M. A strong showing in one of the area’s most popular neighborhoods.
Park City Limits: Fewer Sales, Steady Prices
Park City proper (Areas 1-9) saw a 21% dip in transaction count (33 to 26 sales), and volume fell 33%. But the median price was nearly unchanged at $4.0 million (+1%), suggesting that sellers aren’t capitulating on price—there are simply fewer homes changing hands. Old Town (Area 01) was an exception: volume soared 41% to $32 million despite one fewer transaction, as higher-priced properties drove the average up to $4.0 million.