Chairman, Statistics Committee Park City / Deer Valley
The Park City real estate market is showing signs of stabilization; a return to Pre-COVID market activity. Single Family home transactions year-over-year are up a bit. Condo sales are down somewhat. Vacant Land activity is very strong, with prices stable.
- • Gated communities, such as Promontory, show continued robust sales.
- • Homes priced below median sell much more rapidly than a house priced above median.
- • Median prices in city limits are stable, compared to other areas.
- Click here to go to my Park City Real Estate Statistics page
" My wife and I have moved every 24 months for 20 years. We know how to buy and sell property, and one of our secrets is to work with the top producer in the area. I tracked Carol down while we were living in Zurich. I could tell from the first call that she listened well. She showed us properties that were exactly like what we had requested. Carol ensured that we included some key provisions in the purchase contract that other less fortunate owners forgot to include when they bought. I only recommend people who have earned my respect, trust, and who deliver outstanding service. "
Chris Thompson
" Of all the individuals who have supported our six real estate transactions over the past 17 years (including in Manhattan), Carol and her exceptional level of professionalism have vastly surpassed our expectations. In every one of the dozen-plus homes we visited, Carol was greeted by the sellers’ agent with friendliness and relief. More than once, the agent mentioned how easy and efficient Carol was to work with. In a field rife with competition and potentially charged situations, her network of satisfied counterparts is seemingly endless, underscoring a strongly positive reputation that borders on being a local institution in herself. Carol pairs the tireless resourcefulness of an expert saleswoman with the natural authenticity of someone who builds community. "
Ann and Jonathon Evans
Community Information
The Treasures of Park City - Silver, The Silver Screen, and White Gold
Long before Park City became a world class ski resort town and the primary mountain venue for the 2002 Olympic Winter Games, it was famous for silver mining. Scouts for the U.S. Army discovered the first silver in the area while they were based near Salt Lake City for the purpose of preventing any trouble between the first Mormon settlers, the indigenous population of the area, and travelers headed to California. The claim was staked with a flag on a staff on what is now aptly named Flagstaff Mountain at Deer Valley.
The town of Park City was founded by prospectors in 1869, and as a piece of America’s Wild West, it enjoys a lively and colorful past. By 1900, it was a booming mining town with 10,000 residents and 100 saloons. The area boasted the second largest silver strike in the U.S. serviced by 1200 miles of mining tunnels under the city. The deepest mining shaft is 2600 feet deep, and the wealth created here has had a deep impact on America’s economic landscape ever since fueling fortunes of the likes of George Hearst who owned the Ontario Mine and whose wealth later led to the Hearst publishing empire.
Park City continued to mine silver until the early 1970's, but in truth the fortunes of the mining industry had started to wane by the late 1950’s. The town’s fathers convened to plot the future of Park City and turned to the next most logical natural resource – the Greatest Snow on Earth. Knowing that they needed a second act, the mining company, United Park City Mines, started the ski business in 1963, when they built the first lifts on what was then called Treasure Mountain, and the rest is history.
Click Here For a Terrific Guide to Park City Neighborhoods
