Market Trends, Luxury Homes, Rentals, and Neighborhood Insights — by Michael Diamond · Updated June 2026 The short version: Park City real estate doesn't follow national headlines. Scarcity — limited land, strict zoning, and global lifestyle demand — sets the rules, and every neighborhood plays by i

Promontory was the single largest real estate market in the Park City area in the third quarter of 2026. It produced 54 sales worth roughly $300 million, which is 23.5 percent of all area sales volume from one community, at a median of $4,775,000. The quarter also coincided with a membership change:

Most Park City sellers do not live in Park City. The sale can be run almost entirely from somewhere else, because Utah allows electronic signatures on the purchase contract and title companies will close by mail or by remote online notarization. What cannot be done remotely is everything physical: a