2020 Vision: Deer Valley Real Estate News

January storms and 2019 stats!

By Al Johnson
Feb 12, 2020

January Powder Days and Another BDE at Deer Valley!

What a way to start the new year!  I shot these skiing Wednesday, Jan 15.  Another "Best Day Ever"  (BDE) at Deer Valley!   We just completed an 8 day storm cycle that dumped nearly five feet of snow on Park City and Deer Valley!  Already 148 inches of snowfall so far this season, which is half of the annual average of 300 inches, and it is only mid January!   Epic powder days, and blue skies, for incredible Utah skiing.

BTW, Sundance Film Festival Jan 23-Feb 2 Park City is full, can't park anywhere, but a great time to be on the mountain to ski or ride!  No lift lines, as everyone is watching movies!

Interesting High End January 2020 Sales Interesting, that the three $5M+ sales that closed in the Park City/Deer Valley markets so far this January, were homes in The Colony at the Canyons side of Park City Mountain! However, this $13.5M new construction listing at Red Cloud in Deer Valley, just pended this week!

68 Red Cloud Trail, Deer Valley $13.5M  (pending sale)

151 White Pine Canyon Rd Sold appx 7.5M

231 White Pine Canyon Closed Just under 6M

2475 White Pine Lane Canyons side of PCMR Sold appx. 6.5M

Most Interesting High End New Listing! 10663 Summit View Drive, Deer Crest $10.9M

Did you know that there are 18 residential property listings in the Park City market priced over 10M?  Of these, only two are in Deer Valley, all in Deer Crest, with one in Promontory! Can you guess where the highest priced listing is in the market, and how much? Click here to find out. 

A few 2019 year end market stats
Overall market volume was up 18% over 2018 to over 2.6 Billion in total sales, with an average sales price increase of 3% year over year.  That reflects over 2300 data point sales of condos, homes, lots etc!

Here is a brief summary of Single Family home sales,  showing Year Over Year performance, 2018 vs 2019 in a few select prime Park City market areas:

Upper Deer Valley area:  very active!  55% higher sales volume, at an average sales price of $5M!

Lower Deer Valley:  strong sales 6% higher volume, at average sales price of $2.5M

Deer Crest:  Although only five sales in 2019, the average sales price was up 33% to $9M!  (Caveat...  Much of this number is due to one 23M sale!  Leave this out, and average is about 6M!)

Park Meadows:  One of our strongest areas, nearly doubling 2018 sales from 35 in 2018 to 60 in 2019.  Average sales price of 2.2M

Old Town:  50 home sales, same as 2018!  Average sale price up 4% to 2.15m

Promontory:  Always the highest number of sales of any single area! (80, and up 16% over 2018)  Average sales price of 2.4M

Pinebrook:   42 home sales, remarkably the exact same as 2018!  However, average sales price was up 20% to 1.2M!

Jeremy Ranch:  27% higher sales volume over 2018, with a whopping 61 home sales!  Average sales price up 6% to 1.2M

Tuhaye/Hideout area:   2019 doubled the dollar sales volume in this area, with the average sales price up 60% to $2M

Overall, a great year in the Park City/Deer Valley Real Estate market!

 
 
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