The Park City real estate market concluded 2025 strong, posting the second-highest sales volume in recorded history at $5.75 billion (combined single-family and condominium sales) — just behind the COVID-era peak. That’s according to the Park City Board of Realtor’s fourth-quarter report. The report said that the year demonstrated exceptional strength in pricing, solid transaction volumes and a return to stable, pre-pandemic market patterns. Year-over-year comparisons through Dec. 31, 2025, revealed a market that has returned to pre-pandemic equilibrium. Single-family sales remained robust, the report said, totaling $3.52 billion (up 26% year over year) impelled not by units sold (up only 6%) but by 17-19% rises in sale prices. A similar result was in the condominium market, which saw a 20% increase in sales volume (to $1.66 billion) despite selling 8% fewer units, because the average salesprice was up 30% to $1.8 million. For single-family homes, the significant difference between newly constructed or recently remodeled homes identified last quarter continued to affect sales decisions through year end, the report said. Buyers paid a significant premium for new, move-in-ready construction. Add to that a recently identified trend in vacant land sales, where buyers show a strong appetite for lots in gated communities with golf club memberships attached to the lot. Agents reported seeing such entitled lots selling for $800K to $1 million  more than similar sized lots without golf options, the report said.  In Park City proper, the board reported exceptional growth with 143 sales, up 29% from 2024. Sales volume jumped 39% to $712 million, and the median price was $3,825,000. Agents observed that buyers trended younger, demographically, and that there was a continued strong influx from out of state buyers, with many relocating full-time rather than purchasing second homes. Only 53 Old Town homes sold in the past 12 months, with the median price holding steady at $3.9 million, which the report said reflected the scarcity of inventory in the neighborhood.  The report called it a “banner year” for the mega homes on White Pine Canyon Road. Ten of them sold for an average price of over $17 million. Interested golf buyers paid a premium for homes in Promontory. Seventy percent of potential  buyers wanted golf-accessible properties, and many were willing to downsize their target homes in order to be close to the courses. The average home sold in Promontory was 5-6% smaller than last year, the report said.   Further south around the Jordanelle area, frantic construction continued to bring new houses to market, so sales units (110, up  25%) and volume ($508 million, up 45%) reflected that activity, the report said. The median sale price crossed over $4 million for the first time. Tuhaye was the standout performer, seeing 29 sales at a median price just under $6 million.  For the condo market, 859 condos sold in 2025 (in Wasatch and Summit counties), down 9% from 2024, according to the report. However, what was missing in units sold was more than offset by dramatic average price increases, which pushed total volume up 20% to $1.6 billion. In Park City proper, the new Founders Place development in Deer Crest drove numbers. Forty-nine units sold for an average sale price of $5.5 million. For more info and the full report, see below. PCMLS Quarterly Stats Press Release Q4-25 FINAL CombinedDownload The post Park City real estate market ends 2025 with 2nd-highest sales volume on record appeared first on Park Record. ...read more read less