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

171 Properties
Page 1 of 15
$800,000
Neighborhood: Empire Coalition
2
Beds
2
Baths
899
Sq.Ft.
1982
Year Built
2
Days on Site
12201967
MLS
*Ready to own in one of the most convenient locations in town? Look no further. Equipped for immediate owner or renter use, this adorable corner unit, Old Town condo provides the perfect opportunity...
$1,075,000
Neighborhood: Brook Hollow Village
3
Beds
2
Baths
1,678
Sq.Ft.
1996
Year Built
2
Days on Site
12201970
MLS
Beautiful free-standing townhome in coveted Brook Hollow neighborhood. This home is steps from hiking and biking trails, acres & acres of soccer fields at Ecker Hill Middle School, shopping, dining,...
$729,000
Neighborhood: Pine Creek
3
Beds
2
Baths
1,264
Sq.Ft.
1996
Year Built
2
Days on Site
12201971
MLS
This 3-bed/2 bath condo has charm, character, and a garage! Nine-foot high ceilings and large windows on all sides let in the natural light from theeast, south, and west. Aspen trees and green spaces...
Open 5/26
14054 N Council Fire Trl Kamas, UT 84036
$750,000
Neighborhood: Black Rock Ridge
2
Beds
2
Baths
1,283
Sq.Ft.
2007
Year Built
3
Days on Site
12201955
MLS
Location, convenience, trails and a car and toy lovers delight. Have you ever dreamed of a condo with a huge garage? You know you have. This stellar pad has what you want to make your Park City area...
$1,070,000
Neighborhood: Greyhawk
2
Beds
2F11/2
Baths
1,285
Sq.Ft.
1997
Year Built
3
Days on Site
12201959
MLS
Looking for a great central location with easy access to Deer Valley, Park City and all the fun in Old Town? Check out this well maintained, updated. 2 bedroom, 2 1/2 bath condo at Greyhawk. The free...
$1,190,000
Neighborhood: Sundial Lodge
2
Beds
2
Baths
866
Sq.Ft.
1999
Year Built
4
Days on Site
12201918
MLS
Take advantage of this rare opportunity for a ski-in/out Canyons Resort Residence w/ski run views & heated pool in your back yard. Summer will find you enjoying the activities (Golfing, Hiking, &...
$930,900
Neighborhood: Silver Creek Village
3
Beds
3
Baths
1,421
Sq.Ft.
2022
Year Built
4
Days on Site
12201924
MLS
Amazing townhomes in Park City's latest master planned community Silver Creek. The Halstead home-plan allows you to get a great home at an affordable price! Home features include 2 car tandem garage,...
$1,017,900
Neighborhood: Silver Creek Village
3
Beds
4
Baths
1,772
Sq.Ft.
2022
Year Built
4
Days on Site
12201925
MLS
Amazing townhomes in Park City's latest master planned community Silver Creek. The Woodbury home-plan allows you to check off all the boxes on your new home! large garage, flex room,9ft ceilings,...
$1,200,000
Neighborhood: Black Rock Luxury Condos
2
Beds
2
Baths
1,269
Sq.Ft.
2021
Year Built
4
Days on Site
12201927
MLS
Black Rock Luxury Condominiums is perfectly located within minutes from Park City, 4 world class ski resorts, including the new Jordanelle Expressway and an easy commute to the Salt Lake City...
$750,000
Neighborhood: Crestview Condos
2
Beds
2F11/2
Baths
1,492
Sq.Ft.
2001
Year Built
4
Days on Site
12201930
MLS
This 2-bedroom + loft sleeps 8 and lives like a 3-bedroom. It is one of Park City's hottest finds. The top floor, corner penthouse location has views on two sides, with ski run views to the south...
$5,950,000
Neighborhood: Apex Residences
4
Beds
2F23/411/2
Baths
2,753
Sq.Ft.
2019
Year Built
4
Days on Site
12201931
MLS
If you're seeking a luxurious ski-mountain getaway, then look no further. Apex Residence fuses modern architecture and sophisticated alpine charm while embracing the natural surroundings. Situated at...
$429,800
Neighborhood: Pointe At Wolf Creek
1
Beds
1
Baths
800
Sq.Ft.
2022
Year Built
7
Days on Site
12201863
MLS
Enjoy mountain living at its finest in the latest residence collection at Wolf Creek Resort. Luxury condominiums nestled back along the Wolf Creek golf course on the 10th and 11th fairway in the...

Post a Comment