Park City Luxury Market Report — Q2 2026

By Mike Diamond, Park City Brokers | Coldwell Banker Global Luxury · Published July 16, 2026 · Updated quarterly

Promontory was the only major Park City luxury market where full-price sales were the norm last quarter — homes sold at a median of 100% of asking, with the median sale up 19% year-over-year to $6.69 million.

Utah is a non-disclosure state: sale prices never appear in public records, which means the numbers below cannot be found on Zillow, Redfin, or county websites. This report is compiled directly from closed transactions in the Park City MLS (WFRMLS) and covers every reported sale at $3 million and above across the greater Park City luxury market — the threshold we track every quarter so the trend lines stay comparable.

The Quarter in Five Numbers

Metric (Q2 2026, $3M+) Q2 2026 Q2 2025 Change
Closed transactions 108 110 −2%
Median sold price $4,750,000 $4,850,000 −2%
Median price per square foot $1,112 $999 +11%
Median days on market 35 24 +11 days
Closings above $10M 8 9 −1

Two-thirds of the quarter's sales — 68% — closed in cash, up from 62% a year ago. The quarter's top sale closed at $25,000,000, in Promontory.

Micro-Market Breakdown

Park City is not one market. The spread between its neighborhoods last quarter — from $1,023 to $2,048 per square foot, and from 4 to 21 months of supply — is the story most quarterly headlines miss, and it's where buyers and sellers make their most expensive mistakes.

Neighborhood Closed Median Sold Median $/SqFt Median DOM Sold-to-List Actives Months of Supply
Promontory 17 $6,692,575 $1,125 42 100.0% 45 7.9
Deer Valley (incl. Deer Crest & Empire Pass) 17 $5,275,000 $2,048 14 96.0% 62 10.9
East Village / Jordanelle corridor 11 $4,450,000 $1,174 91 96.0% 45 12.3
Canyons Village 10 $3,975,000 $1,347 101 99.0% 34 10.2
Park Meadows 8 $4,260,562 $1,023 1 97.0% 11 4.1
Old Town 6 $4,625,000 $1,498 138 95.0% 42 21.0
Glenwild 4 $8,330,000 $1,134 123 95.5% 14 10.5
Tuhaye 4 $7,450,000 $1,063 30 99.0% 20 15.0

Data: Park City MLS (WFRMLS), closed transactions April 1 – June 30, 2026 at $3M+, and active listings as of mid-July 2026. Deer Valley combines the Lower Deer Valley, Deer Crest, Upper Deer Valley, and Empire Pass MLS areas; the East Village / Jordanelle corridor combines the Mayflower-Jordanelle, South Jordanelle, and DV East Village areas. Months of supply = current actives ÷ quarterly closings × 3. Neighborhoods with fewer than 5 closings (Glenwild, Tuhaye) are reported for transparency; medians at small sample sizes should be read with caution. One sale price was undisclosed and excluded from medians.

What the Numbers Mean

The headline tension in Q2 was price versus pace. Price per square foot rose 11% year-over-year across the luxury market while transaction volume stayed flat and days on market stretched from 24 to 35 — a market where quality is being repriced upward, but buyers have recovered enough leverage to take their time everywhere except the most supply-constrained pockets.

Promontory was the quarter's standout, and not narrowly: it tied Deer Valley for the most $3M+ closings, posted a 19% year-over-year jump in median sale price to $6.69 million, produced the quarter's top sale at $25 million, and — alone among the major luxury neighborhoods — sold at a median of 100% of asking price. With 7.9 months of supply against a market-wide average north of twelve, sellers there held pricing power that no other large neighborhood matched.

The supply map is where buyers should be paying attention. Old Town is carrying 21 months of $3M+ inventory with a median 138 days on market — a genuine negotiation environment at the top end. The East Village / Jordanelle corridor's 12.3 months of supply and 91-day median reflect the new-construction pipeline hitting the market faster than absorption; that's leverage for buyers today and the corridor's central question for the next several years. At the other extreme, Park Meadows is nearly sold out at 4.1 months of supply, with sales going under contract almost immediately. And a note of honesty on one number we're deliberately not headlining: Canyons Village's median fell sharply year-over-year, but that's a mix effect — a handful of mega-sales dominated its small 2025 sample — not a price collapse.

One structural fact continued from last quarter: this remains a cash market. 68% of all $3M+ closings were cash purchases, up from 62% a year ago — which means interest rates influence Park City's luxury tier far less than headlines suggest, and financed buyers are competing against offers with no financing contingency at all.

What We're Watching in Q3

  • Whether the East Village / Jordanelle corridor's 12.3 months of supply deepens as more new-construction deliveries list — and whether developers respond on price or incentives.
  • Whether Promontory's full-price, 7.9-month environment holds through the summer selling season, particularly for resale homes with transferable golf memberships.
  • Whether Old Town's 21 months of supply starts producing visible price reductions — the leading indicator for the market's most negotiable segment.

Methodology & About

This report covers closed residential transactions at $3,000,000 and above in the greater Park City area (Summit and Wasatch Counties), compiled from the Park City MLS (WFRMLS). Because Utah is a non-disclosure state, sold prices are not public record; MLS-reported transactions are the most complete available dataset, though off-market sales are not captured. The $3M threshold, metric definitions, and neighborhood boundaries are held constant across every edition so quarter-over-quarter comparisons are valid.

Mike Diamond is a luxury real estate agent with Park City Brokers (Coldwell Banker Global Luxury), with more than 15 years in real estate and a Park City practice dating to 2014. Current representation includes a $14.88M listing in Promontory and active buyer transactions in the Deer Valley East Village corridor. Contact: +1 (310) 748-0857 · michael.diamond@parkcitybrokers.net

Prior editions: this is the inaugural edition of The Diamond Report. Q3 2026 publishes in October.

};