2025 Resort Report reveals market trends in the Mountain West; how does Park City compare?

The 2025 Summit Sotheby's Resort Report is now live. Photo: Summit Sotheby’s

PARK CITY, Utah — The annual Resort Report from Summit Sotheby’s International Realty focuses on current real estate data, comparing markets in prominent ski and mountain communities across eight states spanning the Mountain West. Built in collaboration with Sotheby’s International Realty affiliates from iconic resort areas, including Vail to Jackson and Lake Tahoe to Aspen, this report dynamically compares and contrasts some of the most sought-after outdoor recreation locales in the world.

The latest insights into the real estate dynamics of the Mountain West’s premier ski destinations and their coveted mountain communities have been detailed in the 2025 Resort Report, released by Summit Sotheby’s International Realty. Crafted through a partnership with LIV Sotheby’s International Realty (serving Colorado) and other leading Sotheby’s Realty affiliates across the Mountain West, this informative publication is a digital and print endeavor showcasing comprehensive lifestyle and real estate data.

The report includes notable areas such as Park City, Aspen, Vail, Sun Valley, and Lake Tahoe, among others. It provides a critical analysis of market trends, including days on market, average sales price, and price per square foot. Resort markets across the Western United States remained strong last year, with year-over-year sales price and sales volume increases driven by continued demand for access to open space and year-round outdoor recreation.

“Our real estate advisors here in Utah serve a constantly evolving resort market. In areas like Park City and beyond into the Heber Valley, we’re seeing rapid residential growth and continued development. As representatives for our industry and proven leaders in Utah’s luxury real estate and new development sector, it’s crucial for us to stay up-to-date with shifting trends and share that information with our clients,” said Thomas Wright, CEO and Principal Broker of Summit Sotheby’s International Realty.

In 2024, sold prices throughout the 17 resort communities profiled rose by an average of 11.12% from 2023. Snowmass Village, Colorado recorded the highest jump in average sold price at 39.6%, followed by Big Sky, Montana at 22.3% and Telluride, Colorado at 22.0%.

Notable top sales across the Mountain West in 2024 include Aspen, Colorado ringing in at $108 million, Park City, Utah at $65 million and North Lake Tahoe, California/ Nevada at $62 million. Sotheby’s International Realty real estate advisors secured several top sales in multiple resort markets, reinforcing their leadership in the luxury space.

Summit Sotheby’s International Realty’s in-depth market analyses are reflected in the production of the Resort Report, which provides analysis for the markets of Park City, Utah; Aspen, Beaver Creek, Breckenridge, Crested Butte, Snowmass Village, Steamboat Springs, Telluride, Vail and Winter Park in Colorado; Sandpoint and Sun Valley, Idaho; Jackson Hole, Wyoming; Big Sky and Whitefish, Montana; North and South Lake Tahoe, California/Nevada; and Santa Fe, New Mexico. The annual report has become an essential resource for timely market commentary and luxury real estate experiences, thanks to a robust affiliate network.

Access the full 2025 Resort Report here and compare mountain resort locales, or explore the comprehensive suite of digital reports and publications from Summit Sotheby’s International Realty. For a free hard copy of the Resort Report, visit your local Summit Sotheby’s office or contact your Sotheby’s real estate advisor.