It's all relative. Super high end real estate in the Park City/Deer Valley market could be considered anything above $5M. In the past six months we have seen 13 closed sales over this price in the Park City area. That's over two a month in this stratospheric price range.
And just when we think the $10-11M price point is staggering, this $18M listing pended by a Buyer today! This castle is not in Tuscany. It is a 15,000 sf ski house in the pines in the mountains at The Colony. Ski homes used to look like ski homes, but go figure!

"The Colony Castle"
And just when we think the $10-11M price point is staggering, this $18M listing pended by a Buyer today! This castle is not in Tuscany. It is a 15,000 sf ski house in the pines in the mountains at The Colony. Ski homes used to look like ski homes, but go figure!
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"The Colony Castle" |
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$5.1m at The Colony |
The highest recent closed sale in the Park City area market was a home at Evergreen in Deer Valley for $11.5m. Later this year the closings of pending sales at Stein Eriksen Residences will eclipse most of our annual real estate stats, with nearly $200m in sales scheduled to close
High, Higher, Highest... Our high end real estate market is impressive by most standards, considering that the median home price in the US is $231,000, up 9 % from last year, and up 1% from the previous record of $228,000 in July 2005 (to quote CNN)
The median price of the 444 current home listings in the Park City market is $1.9M; over 8 times the national average. Lowest priced sfh home in our market is priced at $429k (Summit Park), while the highest is $25M (Promontory!) 15 homes priced over $10M!
However, if you want to see what real high end real estate is all about, take a look at this: Homes over $100M in the US market Makes us look Cheap!
At Sotheby's, I take pride in helping Buyers find and acquire the perfect Park City/Deer Valley mountain home. I always welcome and respect your personal referrals, and promise knowledgeable and confident guidance throughout your Real Estate search and acquisition!
If you know anyone thinking about a mountain home in Deer Valley/Park City, I am at your service!
"AJ" Al Johnson
Sothebys International Realty
Deer Valley/Park City
435 640-6008