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

653 Properties
Page 1 of 55
$1,900,000
Neighborhood: Wallsburg
6
Beds
4
Baths
4,578
Sq.Ft.
1997
Year Built
1
Day on Site
12301751
MLS
Come live in a Custom built home in the quaint little town of Wallsburg! 15.61 acres Mountain views looking over Little valley!! The home was built in 1997 by a builder that intended on occupying the...
$2,450,000
Neighborhood: Chateaux At Silver Lake
2
Beds
2F13/4
Baths
1,379
Sq.Ft.
1999
Year Built
2
Days on Site
12301743
MLS
This 2 bedroom Chateaux at Silver Lake condo is located in Silver Lake Village of Deer Valley Resort, offering easy access to world-class skiing, hiking, and biking trails. As you enter the condo,...
$675,000
Neighborhood: Pine Creek
3
Beds
1F13/4
Baths
1,264
Sq.Ft.
1996
Year Built
2
Days on Site
12301752
MLS
This main level 3 bedroom, 2 bath condo is move in ready! Many updates throughout include new bathrooms, paint, appliances, and more. The home features updated stainless steel appliances, built-ins,...
$4,450,000
Neighborhood: Silver Star - Spiro Condominiums
4
Beds
4F11/2
Baths
2,476
Sq.Ft.
2006
Year Built
2
Days on Site
12301761
MLS
Rare opportunity to own one of the coveted, four-bedroom Silver Star Townhomes! Situated in a private, end-unit location, this townhome lives like a home, barely sharing one wall. South-facing...
$1,395,000
Neighborhood: Klaim
4
Beds
3
Baths
2,701
Sq.Ft.
2023
Year Built
2
Days on Site
12301764
MLS
A rare 4 bedroom floor plan new construction KLAIM was just completed and is now available to a new owner. KLAIM is one of the few developments that allows nightly rentals in Hideout and the sweeping...
$300,000
Neighborhood: Prospector Square Condos
1
Baths
354
Sq.Ft.
1978
Year Built
2
Days on Site
12301763
MLS
Own a legal, nightly rental or an ideal opportunity to own a place for weekend getaways, winter holidays, spring breaks, summer concerts, Arts and Sundance Film Festival. Fully furnished, ground...
$1,640,000
Neighborhood: Blackstone Residences
2
Beds
2F11/2
Baths
1,313
Sq.Ft.
2017
Year Built
2
Days on Site
12301765
MLS
This highly coveted larger floor plan is on the top floor. Its sun drenched Southern mountain views are enhanced by its cathedral ceilings. Adjacent to the 13 Fairway, this beautifully newly...
$535,000
Neighborhood: Muirfield
3
Beds
2F13/4
Baths
1,608
Sq.Ft.
1999
Year Built
3
Days on Site
12301729
MLS
This cute home has one of the best locations in the neighborhood! It backs up to open space and dog park with 180-degree views of the mountains and beautiful horses in the pasture! The large deck is...
Open 6/3
3001 Canyon Links Dr Park City,  UT 84098
$1,299,000
Neighborhood: Canyon Links
4
Beds
3F11/2
Baths
2,835
Sq.Ft.
2007
Year Built
3
Days on Site
12301733
MLS
Wonderful Canyon Links townhome in Jeremy Ranch, ready for new owners. Extremely well maintained and updated 4 bedroom, 3 1/2 bath townhome offering an excellent floor plan plus 2 outdoor areas....
$589,000
Neighborhood: Wasatch Front Ar 58
2
Beds
2
Baths
1,560
Sq.Ft.
1996
Year Built
3
Days on Site
12301735
MLS
This light drenched penthouse blends convenient and stylish condominium living with the space, privacy, and character of a residential home. Walk along tree-lined streets to locally owned businesses,...
$1,429,000
Neighborhood: Klaim
3
Beds
23/411/2
Baths
2,481
Sq.Ft.
2021
Year Built
3
Days on Site
12300644
MLS
Almost new townhome with many added upgrades providing unobstructed views of Jordanelle Reservoir, Deer Valley Resort and the highly anticipated Mayflower Resort. Featuring an expansive layout with...
$895,000
Neighborhood: The Mason
2
Beds
2
Baths
1,155
Sq.Ft.
2024
Year Built
3
Days on Site
12301002
MLS
Discover Park City's newest luxury condominium development - The Mason, affectionately known as The Lodge at Stillwater which will undergo a total renovation and rebrand. The Mason sits on the...

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