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

281 Properties
Page 1 of 24
$1,300,000
Neighborhood: Black Rock Luxury Condos
2
Beds
1F13/4
Baths
1,278
Sq.Ft.
2021
Year Built
1
Day on Site
12203973
MLS
The Black Rock Luxury condos are the perfect location for a mountain escape. The resort is conveniently located whether you want to enjoy water sports at Jordanelle, take a scenic tour of the Unita...
3
Beds
2
Baths
1,406
Sq.Ft.
2022
Year Built
2
Days on Site
12203960
MLS
The highly anticipated arrival of the Sawmill Condos have arrived. Come see your new home in the beautiful Sawmill community. Featuring 9' ceilings with plenty of space in the open living area. Large...
$637,000
Neighborhood: Wasatch Front Ar 58
3
Beds
1F13/411/2
Baths
1,783
Sq.Ft.
2019
Year Built
2
Days on Site
12203961
MLS
Welcome to this amazing townhome with excellent opportunities for short and long term rentals, and perfect for any small family. It has been meticulously loved, maintained, and upgraded by owners to...
Open 9/28
6605 W 2200 Park City, UT 84098
$595,000
Neighborhood: Crestview Condos
2
Beds
3
Baths
1,458
Sq.Ft.
2001
Year Built
2
Days on Site
12203962
MLS
This 2 bed, 3 full bath condo offers a spacious, light filled living area, gas fireplace, oversized deck with great views of the Wasatch Mountains, large vaulted master bedroom and an open loft...
Open 9/28
7415 Brook Hollow Loop Rd Park City, UT 84098
$975,000
Neighborhood: Brook Hollow Village
3
Beds
2
Baths
1,750
Sq.Ft.
1996
Year Built
2
Days on Site
12203964
MLS
This light & bright home in Brook Hollow Village offers the best of both worlds - the privacy of single family home living with no shared walls, as well as the ease of condo living in a managed...
Open 9/28
1415 Lowell Ave Park City, UT 84060
$2,100,000
Neighborhood: Resort Center
4
Beds
2F11/2
Baths
1,463
Sq.Ft.
1985
Year Built
2
Days on Site
12203965
MLS
Rare 4 Bedroom ski-in / ski-out condo at Park City Mountain Resort - just steps from Park City's ski slopes, ice skating rink, summer trails, and free bus line to Main St. This 2-story, fully...
$2,000,000
Neighborhood: Payday
3
Beds
3
Baths
1,756
Sq.Ft.
1972
Year Built
2
Days on Site
12203967
MLS
This stunning & highly desired upper floor Payday townhome is ideally situated to provide an abundance of natural light while offering splendid mountain & golf course views. The property was fully...
Open 10/1
4338 Willow Draw Dr Park City, UT 84098
$1,450,000
Neighborhood: Juniper Landing
2
Beds
2F11/2
Baths
1,606
Sq.Ft.
2008
Year Built
3
Days on Site
12203956
MLS
Elegant townhome with high quality finish materials throughout. Beautifully appointed and in better than new condition. Luxury Viking Appliances, hand scraped hardwood floors, en suite bathrooms,...
Open 9/28
2025 Canyons Resort Dr Park City, UT 84098
$795,000
Neighborhood: Red Pine
2
Beds
23/4
Baths
1,080
Sq.Ft.
1979
Year Built
3
Days on Site
12203959
MLS
Red Pine is the ultimate year-round resort experience!Excellent amenities plus biking, hiking and golf right out of your door or close by.This chalet is the ideal second home, primary residence or...
$335,000
Neighborhood: Wasatch Front Ar 58
2
Beds
1
Baths
915
Sq.Ft.
1989
Year Built
5
Days on Site
12203943
MLS
Modern, spacious two-bedroom condominium fully renovated within the last two years. Located in the heart of the Salt Lake Valley within minutes of local schools and freeway access. Surrounded by...
$789,000
Neighborhood: Fox Bay
2
Beds
1F13/4
Baths
1,028
Sq.Ft.
2002
Year Built
5
Days on Site
12203944
MLS
Amazing views of Jordanelle Reservoir and the mountains from this top floor unit; vaulted ceilings in the living room/kitchen; open living space; located across from the new Mayflower Mountain Resort...
$395,000
Neighborhood: Silverado Lodge
13/4
Baths
321
Sq.Ft.
2007
Year Built
6
Days on Site
12203932
MLS
Fully furnished and turnkey high end studio on the 4th floor of Main Building. Great investment for nightly rental income or week-end get-a-way just steps from skiing, golf course and all the...

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