Stein Eriksen Realty Group March 2023 Update
This month we highlight the new Mayflower project. Designed and conceptualized by Extell Development Company, the Mayflower Village is the home base for Utah’s newest year-round mountain resort and will include state-of-the-art ski infrastructure in addition to on-site options for dining and shopping, local services and businesses and entertainment for the whole family.
Mayflower Mountain Resort will be North America’s newest world-class alpine village to be developed since 1981, offering 4,300 acres of skiable terrain featuring 3,200 feet of vertical, a two-stage, base-to-summit gondola, 18 aerial lifts, and state-of-the-art snowmaking. The ski terrain is being designed by the SE Group which is the firm that created Deer Valley Resort’s Master Plan in the 1970s.
Mayflower Mountain Resort will open its first phase of ski terrain for the 2024/2025 ski season. There are ongoing discussions between Mayflower Mountain and Deer Valley regarding the resort’s operations. If the two combine, this will become one of the largest ski resorts in North America with over 6,000 skiable acres.
This reimagined resort village concept will feature multiple luxury and globally-branded hotels and condominiums. The Village at Mayflower Mountain Resort is starting to take shape. Only two projects have been released, Marcella single family homesites and Grand Hyatt Residences.
The Mayflower Resort is 12 minutes from downtown Park City, Utah, south of the Jordanelle Gondola, and off US-40, on the backside of Deer Valley. The Salt Lake International Airport is 40 minutes away, while the private airport in Heber City is 20 minutes from the property.
Park City Real Estate Market Trends, March 2023
If you are thinking of listing your home for sale in Park City UT, you need the latest housing market data & trends! Our Park City Real Estate Market Update for March 2023 includes Stats for Single Family Homes, Condos & Townhomes.
View February 2023 Statistics for Single Family Homes/Condo-Townhouse
Single Family Homes in Park City (84060)
Park City Limits Single-Family home report shows a 26% Median sales price drop and a 60% drop in sales. Interesting to note, the Median sold price per square foot jumped 25.1% to $1,146. While active inventory is up 41% year over year, new listings for February are down 80% year over year. (Median Days on the Market are up substantially.) There are just 55 homes on the market in Park City Limits. While this number is up it is still well below past averages.
Condo/Townhouse in Park City (84060)
The Median sales price for Condo/Townhomes jumped a whooping 87.1% to over $3.6mm. There were 2 closed sales and only 6 new listings to select from.
Park City Mountain Resort and Deer Valley Resort set new closing dates, the latest in 30 years.
The 2022–23 ski season has been one for the record books! Many resorts are seeing historically high snowfall totals year to date. In fact, Deer Valley and Park City are reporting their most snow to date in at least 49 years. There’s still plenty of time to book your spring trip to Utah to ski “The Greatest Snow on Earth”.
New Deer Valley Resort and Park City Mountain closing date – April 23, 2023
Greatest Ski Properties With Amazing Snow Conditions
Snow totals from all our area resorts:
Deer Valley = 398 inches
Park City Mountain Resort = 404 inches
Alta = 573 Inches
Snowbird = 536 Inches
Solitude = 519 Inches
Brighton = 583 inches
Average Snow for Park City = 252 inches
LATEST PARK CITY EVENTS & ACTIVITIES
Park City is a vibrant winter destination filled with exciting events, family-fun activities, festivals, art exhibits, and excellent dining options.
Just Sold – 5 Bellemont, Deer Valley
Exclusively Listed and Under Contract in 8 Days!
Last List Price $7,100,000.
Contact me to learn more about the Deer Valley Market:
Spectacular front-row mountain views of Jupiter Peak to Lady Morgan and beyond; this updated Bellemont ski home is steps Deer Valley Resort’s Silver Dollar Ski Trail, creating ease of access to the United States Best Ski Resort, nature and quintessential year-round mountain living.
#1 DEER VALLEY REALTOR 2021
Kristen Barber Principal Broker for the Stein Collection Brokerage, Stein Eriksen Realty Group. She specializes in providing sophisticated service to buyers and sellers throughout the Park City area and the surrounding luxury communities.
She has a successful track record dominating the real estate sales at Stein Eriksen Lodge and Stein Eriksen Residences; listing and representing the vast majority of Stein’s condos bought and sold.
1-Click Park City Homes for Sale
Newest Homes for Sale in Park City
Below are the newest homes and condos for sale in Park City UT listed in the last 7 days.
5611 Oslo Lane Park City, Utah
4 Beds 4 Baths 2,128 SqFt 0.060 Acres
3028 Fairway Hills Court Park City, Utah
6 Beds 6 Baths 7,486 SqFt 0.690 Acres
550 Rossie Hill Drive Drive Park City, Utah
3 Beds 4 Baths 1,738 SqFt 0.060 Acres
1892 White Pine Canyon Road Park City, Utah
9 Beds 8 Baths 10,392 SqFt 12.100 Acres
527 Saddle View Way 24 Park City, Utah
3 Beds 3 Baths 1,709 SqFt
6485 Mountain View Drive Park City, Utah
4 Beds 2 Baths 2,698 SqFt 0.920 Acres
7475 Brook Hollow Loop Road Park City, Utah
3 Beds 2 Baths 1,750 SqFt 0.020 Acres
6844 N Earl Street Park City, Utah
3 Beds 3 Baths 3,023 SqFt 0.800 Acres
8281 Trails Drive Park City, Utah
6 Beds 5 Baths 6,752 SqFt 2.090 Acres
6784 Golden Bear Loop W Park City, Utah
4 Beds 4 Baths 2,899 SqFt 0.500 Acres
7466 N Ranch Club Trail Park City, Utah
5 Beds 7 Baths 4,691 SqFt 1.270 Acres
2417 High Mountain Road 2518 Park City, Utah
3 Beds 3 Baths 2,002 SqFt
2324 Lucky John Drive Park City, Utah
4 Beds 5 Baths 4,858 SqFt 1.050 Acres
1456 W Newpark Boulevard 417 Park City, Utah
2 Beds 2 Baths 1,156 SqFt
6623 Mountain Alder Way Park City, Utah
4 Beds 3 Baths 1,772 SqFt 0.060 Acres