Luxury Real Estate Buyers are Scaling Down

All over the Park City real estate market, luxury and multi-million-dollar home buyers are finding that less is more. In a recent article by MSN.com,  high-end clients are actually looking to scale down. Many of these multimillion-dollar or high-end clients don't necessarily need the largest property on the mountain. Looking for something a little more manageable but yet, may have two or three of these type of properties rather than one large one. They're realizing that to gain interest in the real estate market, the biggest is not always the best.Luxury Real Estate Buyers are Scaling Down

High-end clients are now prioritizing quality over quantity. This becomes evident in that these types of buyers are not only downsizing their primary residence but they're spending about $4000 a month to live in luxury, extended-stay hotels for the convenience and the amenities. However, many of today's luxury condo buildings in the Deer Valley, offer these type of amenities for an additional homeowner association fee.

High-end buyers are prioritizing quality over quantity so much so that they are spending up to $4000 a month to live in luxury, extended-stay hotels for their amenities and conveniences. It seems they prefer the benefits of a fully stocked kitchen, fitness centers, personal trainers, weekly housekeeping and more to managing a large property.

This is also why condos in Park City and Deer Valley that offer these type of full-service amenities are doing so well, even for smaller layouts of less than 2000 ft.². According to the Wall Street Journal, the number of upscale extended-stay hotel rooms has increased by 34% over the last five years and these luxury apartment buildings are catering to the demands. They're offering tenants increasingly lavish amenities, rooftop running tracks and dog parks, movie theaters, resident-only bars and restaurants, and many more options.

Take for instance Empire Pass and ONE Empire Pass. The properties and condos here offer fulls service concierge and amenities right on-site with smaller layouts from 600 square feet plus. All the amenities of a 5-start resort at your fingertips without the need for a large layout.

For more information on Park City's premier condo buildings and full-service apartment complexes, contact my office today or simply schedule a showing for free.

Search the Latest Luxury Townhomes and Condos in and Around Park City

285 Properties
Page 1 of 24
$1,550,000
Neighborhood: Shoreline
3
Beds
3F11/2
Baths
3,030
Sq.Ft.
2023
Year Built
2
Days on Site
12300269
MLS
All Pre sheetrock options included.Buyer can still select all the Finish options.Call and set up a time to come in or just stop by we would love to show you how great Shoreline is.All photos are of...
$1,325,000
Neighborhood: Blackstone Flats
2
Beds
1F13/4
Baths
1,160
Sq.Ft.
2019
Year Built
3
Days on Site
12300248
MLS
This modern ground-level unit is perfect for a year-round residence or seasonal ski getaway. It offers an expansive living space with tall ceilings and large windows which allow for tons of natural...
$1,525,000
Neighborhood: Blackstone Flats
2
Beds
1F13/411/2
Baths
1,160
Sq.Ft.
2019
Year Built
3
Days on Site
12300249
MLS
This contemporary ski condo is located on the top-floor of Blackstone Flats. It is offered turnkey and features an open floor plan with spacious living area, high ceilings, expansive windows allowing...
$4,500,000
Neighborhood: Resort Center
4
Beds
4
Baths
2,713
Sq.Ft.
1985
Year Built
3
Days on Site
12300231
MLS
This is a unique opportunity to own the incredibly rare 4 bedroom ski in/out presidential suite at Park City Resort. The unit features amazing ski run views, two primary suites, 4 full bathrooms, 4...
$1,695,900
Neighborhood: Shoreline
3
Beds
2F13/411/2
Baths
3,161
Sq.Ft.
2022
Year Built
3
Days on Site
12203723
MLS
Dont wait!. Start enjoying your amazing Shoreline home now.The home is fully finished with every bell and whistle imaginable. Dont take my word for it stop in to see for yourself.
$764,000
Neighborhood: Red Pine
2
Beds
2
Baths
1,080
Sq.Ft.
1979
Year Built
3
Days on Site
12300261
MLS
Excellent opportunity to own this remodeled Red Pine condo at the base of Canyons Village at Park City Mountain. This fully furnished condo has plenty of room for all and sleeps up to 10 with 2...
$408,000
Neighborhood: Yotelpad Condominiums
13/4
Baths
338
Sq.Ft.
2020
Year Built
3
Days on Site
12300262
MLS
This Amazing Studio TOP FLOOR with ski mountain views where you can feel the energy of the Ski Mountain. This condo sleep 4 people comfortably.The YOTELPAD is conveniently located in the heart of...
$7,495,000
Neighborhood: Elevation At Canyons Village
5
Beds
5F21/2
Baths
4,923
Sq.Ft.
2024
Year Built
3
Days on Site
12300263
MLS
Elevation at Canyons Village is (6) townhomes with direct ski access to Canyons Village at Park City. Owners and their guests will enjoy full access to Hyatt Centric amenities, shuttle and...
$2,500,000
Neighborhood: Ridgepoint
3
Beds
1F13/4
Baths
1,632
Sq.Ft.
1985
Year Built
3
Days on Site
12300265
MLS
This beautifully renovated 3-bedroom villa is located in the Ridgepoint development at the top of Deer Valley Resort. Enjoy the majestic mountain and ski run views from this quiet and tranquil...
$599,950
Neighborhood: Brookside (Heber)
3
Beds
3F11/2
Baths
1,954
Sq.Ft.
2023
Year Built
3
Days on Site
12300267
MLS
Duplex Building. Construction to start in March 2023. Professionally designed home! Finished Basement! Great views of Mount Timp. HOA fee covers snow removal of alleyways and maintenance of common...
$4,500,000
Neighborhood: Flagstaff
3
Beds
2F13/411/2
Baths
1,950
Sq.Ft.
2009
Year Built
4
Days on Site
12300235
MLS
This incredible top floor residence in the Flagstaff building in Empire Canyon has commanding views of the skiers making their way to the Silver Strike lift and Deer Valley's Bald Mountain. It...
$575,000
Neighborhood: Wasatch Front Ar 58
2
Beds
2
Baths
1,116
Sq.Ft.
1964
Year Built
4
Days on Site
12300236
MLS
Experience Park Avenue-style glamour in the heart of Salt Lake City at the Bonneville Tower. This classic Mid-Century modern condo is located on South Temple in the heart of the lower Avenues section...

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