🏞️ Is Now the Right Time to Buy in Park City?
A Market Snapshot for 2025
Explore what’s really happening in Park City’s real estate market — from inventory shifts to pricing trends — and what it means for buyers.
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The 2025 Market: What’s Changed?
Park City’s real estate market continues to evolve in 2025. After a few years of high demand and limited inventory, we’re beginning to see signs of balance. While pricing remains strong in key luxury neighborhoods, certain segments are seeing softening — opening the door for strategic buyers to make their move.
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Inventory Is Shifting — Slowly
Inventory in Park City is gradually increasing. While it’s not a flood, there’s more opportunity for buyers today than there was in early 2023–2024. Luxury homes in communities like Silver Creek Estates, Promontory, and Midway are sitting on the market just a bit longer, giving buyers time to breathe and negotiate — something we haven’t seen much of in recent years.
Key stat highlights:
• Days on Market is up 12% year-over-year
• New listings have risen slightly, especially in the $1.5M–$2.5M range
• Off-market opportunities remain strong for well-connected buyers
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Pricing Remains Resilient — But Strategic
Luxury home prices are still high in core neighborhoods like Old Town and The Colony, but we’re seeing price adjustments in areas where sellers were overly aggressive. Mid-range buyers are gaining traction, and builders are showing more flexibility with incentives and rate buy-downs.
If you’re looking for:
• Views, privacy, and land → Silver Creek and Highland Estates offer value
• Walkability and historic charm → Old Town is holding firm but still moving
• Vacation-rental potential → Demand is high near ski access, but buyers are more selective
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Who’s Buying Right Now?
We’re still seeing steady demand from out-of-state buyers — especially from California, Texas, and Arizona. However, local buyers are more active this year thanks to stabilizing interest rates and more negotiable terms.
What today’s buyers want:
• Turnkey homes (updated, move-in ready)
• Privacy and space (acreage, larger lots)
• Proximity to skiing, trails, or downtown Park City
• Mountain views and flexible living space (home office, guest quarters)
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What This Means for You
If you’ve been sitting on the sidelines, 2025 might be the moment to act. Inventory is healthier, sellers are more open to conversations, and the emotional frenzy of overbidding has cooled.
Whether you’re looking for a primary residence, a second home, or an investment property in Park City, the market is offering rare windows of opportunity — especially for buyers working with experienced local agents who have access to off-market inventory.
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🗝️ Final Thoughts from Paula Higman
As someone who’s lived in the Park City area for over 30 years, I’ve seen this market cycle through highs and lows. Right now, buyers who are prepared, strategic, and well-informed are in the best position to win.
If you’re wondering whether now is the right time for you to buy — let’s talk. Every situation is unique, and I’m here to help you make a smart, confident move in Park City’s evolving market.
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📞 Ready to Explore Your Options?
Let’s schedule a no-pressure buyer consult.
📱 Text or call: (435) 602-8228
