Kate Maltais 
October marked a milestone for Park City and Deer Valley real estate, with luxury activity propelling the market to record heights. Transaction volume and sales above $2 million have already surpassed 2024’s full-year totals, while October alone produced 146 closings and $454 million in volume. With the average sale at $3.13 million and sustained strength across the $2–$10M range, the market enters winter with firm pricing, steady demand, and momentum that shows no signs of cooling.
The Ogden Valley market shifted gears in August, with just 14 closed sales — down 36% year-over-year — even as new listings trailed last August but remain up 12% for the year. Inventory climbed to 120 homes, pushing months of supply to 8.6 and giving buyers more options and leverage. Prices, however, remain resilient: the median sale price held just over $1M, and year-to-date averages are up more than 11% from 2024 at $1.22M. Homes are also moving faster than last year, averaging 74 days on market, with sellers still receiving about 95% of asking. With a possible Fed rate cut on the horizon, softer borrowing costs could bring renewed urgency from buyers and fresh demand for well-positioned listings.
Ogden Valley is entering a rare phase of balance
Rising inventory is creating new opportunity for buyers, yet strong pricing and swift sales reflect continued seller strength. With appreciation outpacing national trends and homes moving faster than the U.S. average, this evolving market offers a unique moment for both sides.
Ogden Valley saw a standout April, with total sales volume doubling year over year to $32M. The market also posted a sharp month-over-month surge, with 27 homes sold—triple March’s total—signaling growing momentum heading into summer.
Ogden Valley real estate has entered 2025 with strong momentum. Transaction volume surged nearly 70% year-over-year, setting the stage for an active start to the year. Sellers remained confident in pricing, though accepted offers hovered around 86% of asking. Even so, values continued their upward trajectory, with the median sales price climbing 14% to surpass $1M.
Park City real estate exits 2023 in substantially better condition than it entered based upon nearly every quantifiable metric. To have equaled the previous year’s total number of transactions while achieving modest growth in average and median price amid a year in which interest rates spiked.
Alterra Mountain Company has announced a major terrain expansion of Deer Valley Resort that will add 3,700 acres of terrain to its world-renowned, ski-only destination.
