KB.com

November 2024 Park City Area Update

Ski Season Is Just Around the Corner!

ARE YOU READY FOR IT?

The 2024-2025 ski season is shaping up to be another unforgettable winter. Whether you’re here for the powder, the après-ski, or the overall mountain experience, Utah’s resorts are ready to deliver.
Here are the projected opening dates for Utah ski resorts in 2024–2025:

SKI RESORT UPDATES

DEER VALLEY RESORT 

Deer Valley is excited to offer a sneak peek into its expanded terrain for the 24/25 ski season. Skiers will now have access to three new chairlifts, over 300 new skiable acres, several new ski runs, and 500 additional skier parking spots originating from the Deer Valley East Village, currently under development. This new resort gateway will offer skiers an alternative arrival option to Deer Valley via U.S. Route 40, helping to reduce traffic throughout Park City. The terrain will seamlessly integrate into the existing Deer Valley terrain, with direct access to Sultan Express.

Keetley Express is expected to open in December 2024, conditions permitting. It will be Deer Valley’s first 6-person chairlift with a bubble, connecting Deer Valley East Village to the existing Deer Valley footprint, dropping skiers off near the bottom terminal of the Sultan Express chairlift on Bald Mountain. The additional two chairlifts, Hoodoo Express and Aurora, will service new beginner-level ski trails and provide return access to the new Deer Valley East Village. Deer Valley East Village is currently under development, and construction will continue into the coming seasons.

CONTACT ME TO LEARN ABOUT THE DECEMBER 2ND CONDO RELEASE AT THE NEW DEER VALLEY EAST VILLAGE BASE 

PARK CITY MOUNTAIN RESORT

While not as ambitious, Park City Mountain Resort also has a noteworthy new lift planned for the 2025-26 season. The new 6500-foot-long Sunrise Gondola will start in the Canyons Village and conclude adjacent to the Red Pine Lodge. Each gondola cabin will be able to fit up to ten people comfortably.

HOW’S THE PARK CITY REAL ESTATE MARKET?

View October 2024 Statistics for Single Family Homes/Condo-Townhouse

MONTH OVER PREVIOUS MONTH

Single Family Homes in Park City (84060)

The Median Sales Price for single-family homes in Park City proper in October was $4,650,000, with 12 units sold. The Median Sales Price was 63.2% higher compared to September, and the number of closings is the same as last month at 12. The Median Days on Market was down 50.5% at 43 days, and the Median Sold Price per Square Foot was $1,212 (up 63.7%).

There were 11 new single-family home listings in Park City proper, with 61 active listings currently on the market. This number of new listings was down 15.4%, decreasing active inventory by 17.6% over the previous month. 

MONTH OVER PREVIOUS MONTH

Condos/Townhomes in Park City (84060)

The Median Sales Price for condos in Park City proper in October was $1,00,000 (down 32.1%) with 29 units sold. That is a 31.8% increase in the quantity of closings compared to the previous month. The Median Days on Market was 40 days, and the Median Sold Price Per Sq. Ft. was $873 (down 13.9%). The Days on Market to sale was up 29%, and the number of new listings was down 15.8% compared to September. There were 16 new listings, with 54 currently active listings on the market.

Contact me to receive the updates on new listings for condos or homes for sale in your area of interest. Or to receive details on the latest closings.

VIEW THE NEWEST PROPERTIES FOR SALE