What the 2026 Resort Report Says About Park City and the Mountain West

The 2026 Resort Report from Sotheby's International Realty is out, and this year's edition is the most comprehensive yet — covering 19 Mountain West resort markets plus an international feature on the Italian Dolomites. Across all markets, 2025 saw over $24 billion in total sales volume (up nearly 6% year over year) with an average sold price of $1.8 million (up 4.27%).

These are the big picture numbers, but let’s dive into what the report tells us about Park City specifically and how the greater Park City area compares to the other resort markets in the data.

Greater Park City: $4.87 Billion in Sales and a 24% Price Jump

The Greater Park City area posted $4.87 billion in total dollar volume in 2025, a 26.1% increase over 2024, making it the highest-volume market in the entire report by a wide margin.

Average sold prices climbed 24.3% year over year to $2,532,488. Price per square foot rose 5.2% to $782. Days on market dropped slightly to 76. Properties sold ticked up 1.1% to 1,922 transactions, and the highest sale of the year came in at $50 million.

"Park City and the surrounding Wasatch Back have evolved from the reactive, emotionally driven market of recent years into something stronger: a disciplined one. Buyers are making thoughtful decisions about lifestyle and long-term value. Sellers who prepare and price accurately are being rewarded. The fundamentals here remain exceptional."
— Bridgette Osguthorpe, President & Managing Broker, Summit Sotheby's International Realty

Deer Valley East Village: A Separate Story Worth Watching

For the first time, the Resort Report broke out Deer Valley East Village as its own market — and the data shows why. Average sold price jumped 56.5% year over year to $3,012,070. The highest sale hit $18.4 million, a 130% increase over the prior year. Average days on market dropped to just 22 days, with many properties selling off market before being publicly listed.

The headline number: $750 million in pre-construction sales during 2025. Buyers are committing significant capital before buildings are complete, which is a strong forward-looking signal. With Four Seasons, Waldorf Astoria, Cormont, Marcella Landing, Grand Hyatt, and Pioche Village all in various stages of development, the East Village is rapidly becoming a benchmark for luxury mountain living.

The report notes that Deer Valley East Village is attracting the most diverse group of buyers to Park City, with flagship brands like Four Seasons and Waldorf Astoria resonating globally. For anyone searching for Deer Valley homes for sale, this is the section of the report to read closely.

How Does Park City Compare to Aspen, Jackson Hole, and Vail?

This is where the report gets really useful for buyers evaluating multiple resort markets. Here's how the key numbers compare, all pulled from the same data set:

Aspen posted an average sold price of $11,365,523 (up 10.2%), or $3,405 per square foot. Total volume reached $2.1 billion on just 185 transactions. The average single-family home price topped $17 million, and the highest sale of the year was $58.25 million. Inventory was remarkably tight — as few as 10 homes were available for sale at certain points during 2025.

Jackson Hole saw the sharpest price acceleration in the report: average sold price jumped 30.3% to $4,397,783 with price per square foot up 17.5% to $1,555. Total volume surged 42.7% to $1.22 billion. Properties priced at $5 million and above accounted for nearly two-thirds of all dollar volume, and 36 sales above $10 million produced $578 million by themselves.

Vail Valley averaged a sold price of $2,543,549 (up a modest 0.3%), or $1,039 per square foot. Total volume was $2.5 billion across 985 sales. The standout residential sale reached $33 million. The report highlights a 176% increase in residential median prices since 2015.

Greater Park City’s average sale price was $2,532,488 — nearly identical to Vail — but on significantly higher transaction volume (1,922 sales vs. 985). Park City's total dollar volume of $4.87 billion was nearly double Vail's $2.5 billion and more than double Aspen's $2.1 billion. Add Park City's proximity to the all new Salt Lake City International Airport, Utah's favorable tax environment, and the largest ski area in the country, and the relative value case for Park City real estate becomes hard to ignore.

The Broader Mountain West: Trends Across the Report

A few other ski resort real estate trends from the report that stood out to me:

Steamboat Springs continued its steady climb with average prices up 3.6% to $1.71 million and total volume rising 7.1% to $938 million. Homes took slightly longer to sell — consistent with the report's broader theme of buyers being more deliberate.

Telluride saw a pullback after several peak years: average sold price dipped 7.9% to $4.42 million and total volume fell 13.4%, though homes continued to close near original list price at 95%.

Sun Valley experienced a notable 19.5% decrease in average sold price, but total volume still grew 3.1% — meaning more transactions at more accessible price points. The report describes a market driven by demand and constrained supply, maturing into something more disciplined.

Big Sky remained in rarefied air at $3.77 million average sold price, though inventory stayed severely limited with only 187 residential sales all year and total dollar volume ranked second-highest in 20 years.

The Cottonwood Canyons (Big and Little Cottonwood, including Alta, Brighton, Solitude, and Snowbird) posted nearly $1 billion in sales volume, up 15.9%, with some of the lowest days-on-market in the region.

Summit County, Colorado (Breckenridge, Keystone, Copper Mountain) moved $1.9 billion in total volume with an average price of $1.43 million — a market that saw a clear shift toward buyers as days on market increased 77.6%.

Park City Real Estate Forecast: What to Expect in 2026 and Beyond

Across all 19 markets in this report, a few themes come through clearly. Luxury demand remains the consistent throughline — trophy properties, ski-in/ski-out residences, and architecturally distinct homes continue to command premium value. Infrastructure investment and resort expansion are driving buyer confidence, and the Park City luxury market trends in this report point toward sustained strength. The market as a whole has shifted from rapid acceleration toward something more balanced and sustainable.

For Summit County real estate in 2026, the fundamentals are strong: stable supply, disciplined buyers, Deer Valley's historic expansion, and the return of the Winter Olympics, all support the case for long-term Park City property values. But this is also a highly segmented market — single family homes in certain neighborhoods perform differently than condos in others, supply in certain ski-in/ski-out neighborhoods remains very limited while inventory increases in outlying developments, and neighborhood-level dynamics matter more than ever. Anyone evaluating a Park City real estate investment needs to understand which micro-market they're entering, and whether they should be prepared for multiple offers when there is a new listing, or if they should expect to have choices and can present more subdued offer terms.

You can view the full 2026 Resort Report here.

If you want to talk through what any of this data means for your specific buying or selling situation in Park City or Deer Valley, let's schedule a call and talk more.

Contact Brendan

Brendan Trieb is a real estate agent with Summit Sotheby's International Realty, specializing in ski-in/ski-out properties and luxury homes in Park City, Deer Valley, and Summit County. A former competitive freeskier, he brings firsthand mountain knowledge to every transaction. Reach him at brendantrieb.com.