Condominium geography and product mix
Park City Area Condominium Markets, Q2 2026
Research question
How did condominium sales and pricing vary across Park City-area MLS sections in the second quarter of 2026?
The Park City-area condominium market moved in different directions by area in the second quarter of 2026. The primary market recorded 189 sales worth $320.0 million, down 6% year over year, with a median of $1.167 million, per the Park City Board of REALTORS 2026 second-quarter statistics published September 3, 2026. Jordanelle rose 19% to 64 sales at a $1.239 million median, while Park City proper fell 11% to 47 sales at a $2.325 million median and Snyderville Basin fell 3% to 58 sales at $1.130 million. Heber Valley dropped 64%, from 33 sales to 12, at a $450,000 median. Kamas Valley recorded 8. Those area medians reflect which units happened to close, not a uniform change in value, and this report shows why product mix drives the differences.
Research by Kamee Shrope
Geography: REGION/MLS: Park City Board of REALTORS areas in Summit and Wasatch Counties
Period: Q2 2026 compared with Q2 2025; selected rolling 12-month context ending June 30, 2026
189
Primary-area condo sales
Q2 2026, down 6% year over year
+19%
Jordanelle unit change
64 sales compared with 54 a year earlier
-64%
Heber Valley unit change
12 sales compared with 33 a year earlier
Which broad areas moved in which direction?
Park City areas 1 through 9 recorded 47 condominium sales and $119.6 million in volume, down 11% in units from Q2 2025. Snyderville Basin recorded 58 sales and $100.1 million, down 3% in units but up in dollar volume. Jordanelle recorded 64 sales and $88.6 million, up 19% in units.
Heber Valley recorded 12 sales and $7.8 million, down 64% in units. Kamas Valley recorded eight sales after recording none in the year-earlier quarter. These are different transaction pools and should not be merged into a single area conclusion.
Park City Board of REALTORS condominium results by broad area, Q2 2026
| Area | Q2 2026 sales | Q2 2026 volume | Unit change | Q2 median |
|---|---|---|---|---|
| Park City, areas 1-9 | 47 | $119.6M | -11% | $2.325M |
| Snyderville Basin, areas 10-23 | 58 | $100.1M | -3% | $1.130M |
| Jordanelle, areas 24-29 | 64 | $88.6M | +19% | $1.239M |
| Heber Valley, areas 30-47 | 12 | $7.8M | -64% | $450K |
| Kamas Valley, areas 50-53 | 8 | $3.8M | N/A | $485K |
| Primary market total | 189 | $320.0M | -6% | $1.167M |
Sources: Park City Board of REALTORS, 2026 second-quarter statistics, retrieved September 29, 2026; published September 3, 2026 for period ending June 30, 2026.
- Area
- Park City, areas 1-9
- Q2 2026 sales
- 47
- Q2 2026 volume
- $119.6M
- Unit change
- -11%
- Q2 median
- $2.325M
- Area
- Snyderville Basin, areas 10-23
- Q2 2026 sales
- 58
- Q2 2026 volume
- $100.1M
- Unit change
- -3%
- Q2 median
- $1.130M
- Area
- Jordanelle, areas 24-29
- Q2 2026 sales
- 64
- Q2 2026 volume
- $88.6M
- Unit change
- +19%
- Q2 median
- $1.239M
- Area
- Heber Valley, areas 30-47
- Q2 2026 sales
- 12
- Q2 2026 volume
- $7.8M
- Unit change
- -64%
- Q2 median
- $450K
- Area
- Kamas Valley, areas 50-53
- Q2 2026 sales
- 8
- Q2 2026 volume
- $3.8M
- Unit change
- N/A
- Q2 median
- $485K
- Area
- Primary market total
- Q2 2026 sales
- 189
- Q2 2026 volume
- $320.0M
- Unit change
- -6%
- Q2 median
- $1.167M
Sources: Park City Board of REALTORS, 2026 second-quarter statistics, retrieved September 29, 2026; published September 3, 2026 for period ending June 30, 2026.
Why does product mix change a subarea comparison?
Canyons Village recorded 28 sales and $68.5 million in volume. Mayflower-Jordanelle recorded 27 sales compared with 13 a year earlier, while its reported median was $1.35 million, down 47%. The source attributes part of the broader pattern to different inventory entering the market, but this report does not independently prove causation.
Heber North recorded zero Q2 2026 condominium sales after 25 in Q2 2025. A zero-quarter result can reflect supply timing as well as demand. It should prompt a closer inventory and development-delivery review, not an unsupported conclusion about all Heber Valley condominiums.
What does a condominium comparison need beyond a regional median?
For a property decision, compare legal form, building, services, age, condition, view, parking, storage, association budget and reserves, assessments, insurance, rental rules, management, and the closest closed and active alternatives.
The area table is useful for selecting the correct comparison pool. It is not an appraisal, a building-level trend, or evidence of future price direction.
How were these figures produced?
- 1.Transcribed the official Q2 2026 condominium table published by the Park City Board of REALTORS on September 3, 2026.
- 2.Retained the Board’s area groupings, Q2 comparison period, unit counts, dollar volume, and reported medians.
- 3.Kept source interpretations about product mix separate from independently observed transaction counts.
What are the limits of this data?
- The data is preliminary and may change as late transactions are reported.
- Broad MLS areas contain different buildings and property types. Area medians are not building-level valuations.
- A median can move because the mix of condominiums sold changed. The report does not estimate same-property appreciation.
What else does this report answer?
How is the Park City condo market performing?
The primary market recorded 189 condominium sales worth $320.0 million in the second quarter of 2026, down 6% year over year, at a $1.167 million median, per the Park City Board of REALTORS. Direction varied sharply by area.
Which Park City area had the most condo sales?
Jordanelle, with 64 sales in the quarter, up 19% from 54 a year earlier. Snyderville Basin recorded 58 and Park City proper 47.
Where are the most expensive condos in the Park City area?
Park City areas 1 to 9, with a $2.325 million median on 47 sales in the quarter, against $1.239 million in Jordanelle and $1.130 million in Snyderville Basin.
What happened in Heber Valley?
Condominium sales fell 64%, from 33 in the second quarter of 2025 to 12 in 2026, at a $450,000 median. On a sample that small, a median says more about which units closed than about value.
Does a falling area median mean condo values dropped?
No. These are transaction summaries, so the median tracks the mix of units that sold. A quarter weighted toward smaller or older stock lowers the median even when comparable units hold their value. A specific building needs its own comparable set.
Where do these numbers come from?
Retrieved: September 29, 2026; published September 3, 2026 for period ending June 30, 2026
MLS-area statistics serving Summit and Wasatch Counties. Figures are preliminary and may change with late reporting.
Companion article
How to compare Park City-area condominiums without relying on one median
Read Kamee’s practical interpretation