Real Estate Knowledge

What You Should Know about Park City and Deer Valley.

A few points to know about Park City / Deer Valley real estate:

• The range of properties within the greater Park City / Deer Valley area is enormous.  We have single family homes geared for moderate budgets and, quite literally, homes designed for the highest possible luxury.  More than most comparable communities in the Mountain West, Park City enjoys a wide ranging and congenial collection of residents.

• Park City / Deer Valley is a full-year, active, healthy community.  In comparison to many other mountain towns, the summer season here is strong in recreational, social, and cultural vibrancy.  That means more days of usage for second home owners and year round enjoyment for year round residents.
• Closing costs on real estate transactions are very low.  There is no State transfer tax or fee so the largest settlement closing cost is generally financing charges.
• Real Estate Property taxes in Utah are lower than most of the country, a bit less than 1% of valuation.
• The market for real estate in Park City is far more active and robust than the size of the town might suggest.  Over the past five years we have averaged more than 1,700 transactions and more than $1.2 Billion in sales per year; At the market’s peak, Park City and Deer Valley had more than 4,000 transactions totaling more than $2 Billion in a single year.