I’ve been involved representing 151 buyers and /or sellers of Deer valley properties over my 20+ year real estate career in Park City. As you can imagine, data is critical in terms of providing meaningful value-added advice to clients. In that regard, I’ve been publishing the Deer Valley Report since 2008 and the first quarter 2018 Report is attached. With the exception of Empire Pass condominiums, which were for the most part dominated by closings in the new One Empire Pass complex, the trends in Deer Valley pretty much follow the market in incorporated Park City as a whole, which was down 21% in dollar volume and 14% in the number of transactions. Overall for Deer Valley’s 4 reporting areas (Empire Pass, Upper Deer Valley – AKA Silver Lake, Deer Crest & Lower Deer Valley – AKA Snow Park), the dollar volume was down 28% and the transactions were off by 14%.
That said, there was a pretty significant shift that occurred starting around March 1st in the upper end of the Park City market. Deer Valley accounted for 27 of those recent transactions, with 7 in Empire Pass (4 condos, 1 home, 2 lots); 12 in Upper Deer Valley (7 condos, 4 homes, 1 lot); 4 in Deer Crest (1 condo, 1 home, 2 lots); and 4 in lower Deer Valley (all condos). Hopefully that trend will continue throughout the spring and summer.
Here is a link to the Report: http://online.fliphtml5.com/wefx/gpud/#p=1.