Real Estate Stats

ONE HOME SOLD IN GLENWILD IN FIRST QUARTER 2025.

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Glenwild Homes

One home sold in Glenwild during the first quarter, and one was pending sale at the end of the quarter. The home that traded was located at 8035 Glenwild Drive and was listed at $4,395,000. The pending sale was 7825 Purple Sage, listed at $4,900,000. The first quarter is typically the lowest in terms of transaction activity in Glenwild, and this was similar to the activity during the first quarter in 2024. As of March 31, 2025 there were six homes listed for sale in Glenwild at prices ranging from $5,995,000 up to $12,000,000. A link to the active listings in Glenwild can be found here.

Glenwild Land

The first quarter was quiet in terms of land activity in Glenwild. No lots traded, and no lots were pending sale at the end of the quarter. As of March 31, 2025, there were two Glenwild lots actively listed for sale. Lot 101 at 7152 Lupine was listed at $1,495,000, and lot 161 at 295 Hollyhock was listed at $1,500,000. A link to the active land listings in Glenwild can be viewed here. As Glenwild continues to become more built out, land opportunities are becoming more scarce, with approximately 20 lots in the 194 lot community sitting vacant.

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Homes Surrounding Glenwild

The Preserve – The home at 376 W Deer Hill Road sold during the first quarter and was listed at $5,375,000. At the end of the quarter, no homes were pending sale, and three homes were actively listed at prices ranging from $6.2 up to $9.9 million.

Two lots traded in The Preserve during the first quarter, and both lots were listed at over $2 million. Lots 62 and 44 traded hands. At the end of the quarter, three lots were actively listed for sale at prices ranging from $2.0 to $2.1 million.

Goshawk Ranch – The only active home listing in Goshawk ranch is currently pending sale. That is the home at 385 W Goshawk Ranch Road listed at $14.9 million on a 20 acre lot.

No lots traded hands in Goshawk Ranch during the fist quarter, and no lots were actively listed for sale at the end of the quarter.

Ranches at The Preserve – No homes in Ranches at The Preserve traded during the first quarter or were pending sale. One home at 1355 W Red Hawk Trail was actively listed at the end of the quarter at $5.6 million.

No lots in Ranches at The Preserve traded during the first quarter, and none were pending sale. At the end of the quarter, four lots were listed for sale at prices ranging from $1.65 million up to $1.795 million.

Stagecoach Estates – The only active listing of a home in Stagecoach Estates sold during the first quarter. That was the home at 9793 N Basin Canyon listed at $3.375 million.

No lots sold in Stagecoach Estates during the first quarter of 2025. At the end of the quarter, two lots were listed for sale at $690,000 and $695,000.

Wohali – is one of the Park City area’s newest golf course communities. Located in Coalville north of I-80, the community offers an exclusive selection of luxury real estate within a 1,200-acre community. The development features 428 total residences with 303 semi-custom homes and 125 estate home lots. The European-inspired architecture of the semi-custom homes emphasizes both luxury and environmental harmony, using high-end materials and energy-efficient technologies. Homebuyers can expect expansive living spaces with open floor plans, large windows, and sophisticated finishes. Additionally, Wohali Park City offers private, gated access for enhanced security and privacy, making it ideal for those seeking exclusivity. The community is designed for those who value a high-quality lifestyle, with access to world-class amenities like a Dave Boyden designed golf course called the Eagle Course, a wellness center, proximity to Park City’s renowned ski resorts, and access to on-site backcountry skiing making it a sought-after destination for luxury real estate buyers. Pictured below, Wohali.

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Park City Golf Communities Comparison

Homes – When comparing the average home price in each of these communities to the average prices for 1Q 2024, some communities have seen prices rise, while others have seen prices pull back. It’s difficult to make judgement on Glenwild and Victory Ranch as they only had one transaction close in the first quarter. The same goes for Wohali where no sales closed in the first quarter. However, pricing pulled back in Promontory versus the first quarter last year, while the average sales prices in Tuhaye and Red Ledges have increased.

Land – The amount of land sales and lots listed for sale in the various golf course communities during the first quarter of 2025 was similar to that during the first quarter of 2024. As these communities become more built out, land is becoming more scarce, and prices in each of the communities is generally rising. Glenwild had no sales during the first, quarter, and Promontory topped the charts with 13 land closings during the quarter. Tuhaye and Promontory showed similar average sale prices at about $1.8 million.

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Sincerely,

Molly L. Campbell
Summit Sotheby’s International Realty
molly@mollycampbell.com
435-655-1208 mobile

TEN HOMES AND THREE LOTS SELL IN GLENWILD IN 2024 AVERAGE PRICE PER SQUARE FOOT INCREASED SLIGHTLY LAND PRICES INCREASED OVER 18%.

 Ten homes sold in Glenwild during 2024 at an average price over $6.1 million or $907 per square foot. This average price per square foot is about a 1.0% increase over the average price per square foot at year-end 2023. The average sale price per square foot in Glenwild in 2024 ranged from $436 up to $1,560 per square foot. The lower end of this range was for an older, un-renovated home, while the upper end of this range was for a newer construction home, indicating buyers are willing to pay a premium for turnkey product. At the end of 2024, there were five homes listed for sale in Glenwild at prices ranging from $4.9 million up to $10.95 million. One home was pending sale.

Three lots sold during 2024 in Glenwild at an average price of $1.47 million which is over 18% higher than the average price at the end of 2023 when only one lot traded hands. At the end of 2024, three lots were actively listed for sale at prices ranging from $1,495,000 up to $2,199,999.

As Glenwild becomes more built-out, finding available homes and land to buy can be a challenge for buyers, and some trades occur in off-market transactions. This report refers only to the sales disclosed on the Park City MLS in all communities for consistency and accuracy. However, I am aware of off-market listings as well as future listings, so please contact me if you are looking to buy or sell, so you can understand the entire spectrum of available inventory.

Glenwild Homes

• Ten homes sold in Glenwild during 2024, which is in-line with the historical average number of homes sold per year in Glenwild.
• The average sale price for a Glenwild home in 2024 is was over $6.1 million or $907 per square foot. This is a about a 1% increase over the per square foot price at year-end 2023.
• As of December 31, 2024, one home was pending sale.
• At the end of 2024, five homes were actively listed for sale in Glenwild at prices ranging from $4.9 million up to $10.95 million. 

Glenwild Land

• Three lots traded in 2024, versus one lot that sold in 2023.
• The average sale price for a Glenwild lot in 2024 was $1,466,667 which is an 18% increase over the average price in 2023.
• At the end of the year, no lots were pending sale.
• At December 31, 2024, three lots were actively listed for sale at prices ranging from $1,495,000 up to $2,199,999.

The Preserve, Ranches at The Preserve, Goshawk Ranch & Stagecoach Estates

In the communities surrounding Glenwild, nine homes sold during 2024. Five of those nine sales were in The Preserve/Ranches at The Preserve, three in Stagecoach Estates, and one in Goshawk Ranch. The sales ranged from a Stagecoach Estates home listed at $1,650,000 up to a Preserve home listed at $12,750,000. At the end of the year, one home in The Preserve was pending sale. As of December 31, 2024, six homes were actively listed for sale in the communities surrounding Glenwild.

Eleven lots sold in 2024 in the communities surrounding Glenwild. Nine of the eleven were in The Preserve/Ranches at the Preserve, and the balance were in Stagecoach Estates. The sales ranged from a 10 acre lot listed at $715,000 in Stagecoach Estates up to a list price of $2,795,000 for a 10 acre lot in The Preserve. At the end of 2024, one lot in The Preserve was pending sale that is listed at $2,200,000. At December 31, 2024, there were seven active listings.

Single-Family Homes

Once again, Glenwild tops the chart with the highest average sale price at over $6.1 million. Victory Ranch and Tuhaye posted average sale prices per square foot over $1,000, due to new construction sales. Promontory shows 53 pending home sales and 84 closed sales in 2024, driven by developer contracts on new construction homes. In each of the communities, the number of homes sold in 2024 is on par or slightly higher than the number of closed sales in 2023. When looking at average sale price per square foot in each community versus year-end 2023 figures, we see varying results. Red Ledges’ average was down over 6%, Victory Ranch’s was down 3%, Glenwild’s was up 1%, Promontory’s was up 2%, and Tuhaye’s was up 12% – driven by the sale of several developer, new construction homes.

Vacant Land

Average land sale prices in each of the communities was up substantially over prices at year-end 2023. Land prices in Victory Ranch were up over 24%, followed by Glenwild at over 18%. Promontory and Tuhaye both showed about 13% increases, and Red Ledges posted a nearly 12% increase over land prices at year-end 2023. Additionally, almost all of the communities closed more lot sales in 2024 than in 2023. Glenwild’s average land sale price places it in the second to last in terms of average sale price, but third highest in terms of average sale price per acre. Promontory and Tuhaye opened and sold newly platted neighborhoods in 2024 contributing to their significant numbers of closed land sales in 2024.

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Please feel free to reach out to me with any questions about this market update, and consider me a resource for real estate information in the Glenwild area and beyond. My office is located at the Summit Sotheby’s real estate offices inside the Glenwild Lifestyle Center. With over sixteen years of experience selling real estate in Park City, I have listed and sold several properties in the Glenwild area, and I have been a golf member at Glenwild since 2008. Additionally, my relationships in the community make me aware of off-market properties not listed on the MLS. If you are looking to buy or sell in the area, knowledge of those properties can be crucial to your overall strategy.

Sotheby’s International Realty has an incredible real estate network with 26,500 sales associates in 1,115 offices in 84 countries around the world, and I can match you with highly qualified real estate professionals wherever you may be transacting. Sotheby’s International Realty brokered over $143 billion of real estate transactions in 2023 and has a proven track record of success in the luxury real estate market. Sotheby’s International Realty is also the #1 most profiled luxury real estate brand in the press with over 65,600 placements.

I look forward to assisting you with your real estate needs wherever they may be, and please let me know if you have a friend or neighbor who would like to receive these quarterly real estate updates.

Sincerely,

Molly L. Campbell
Summit Sotheby’s International Realty
molly@mollycampbell.com
435-655-1208 mobile

THREE GLENWILD HOMES SELL DURING THE THIRD QUARTER.  AVERAGE PRICE PER SQUARE FOOT DECLINES SLIGHTLY.

 Three homes sold in Glenwild during the third quarter, bringing the total to seven homes sold in Glenwild in 2024 at an average price over $5.6 million or $865 per square foot. This average price per square foot is a 3.7% decrease over the average price per square foot at year-end 2023, driven by discounts on older, un-renovated homes. The average sale price per square foot in Glenwild in 2024 has ranged from $436 up to $1,560 per square foot. The lower end of this range was for an older, un-renovated home, while the upper end of this range was for a newer construction home. Buyers are willing to pay a premium for turnkey product. Buyers don’t want to mobilize contractors or to wait while the renovations are done and are willing to pay a premium to avoid the work. At the end of the third quarter, there were seven homes listed for sale in Glenwild at prices ranging from $4.7 million up to $11.25 million. One home was pending sale.

One lot sold during the third quarter, only the second land sale in Glenwild thus far in 2024. The lot that traded during the third quarter was Lot 130 listed at $965,000. At the end of the third quarter, six lots were actively listed for sale at prices ranging from $1,495,000 up to $2,199,999.

As Glenwild becomes more built-out, finding available homes and land to buy can be a challenge for buyers, and some trades occur in off-market transactions. This report refers only to the sales disclosed on the Park City MLS in all communities for consistency and accuracy. However, I am aware of off-market listings as well as future listings, so please contact me if you are looking to buy or sell, so you can understand the entire spectrum of available inventory.

Glenwild Homes

• Three homes sold in Glenwild during the third quarter of 2024.
• The average sale price for a Glenwild home thus far in 2024 is over $5.6 million or $865 per square foot. This is a 3.7% decrease over the per square foot price at year-end 2023.
• As of September 30, 2024, one home was pending sale.
• At the end of the third quarter, there were seven homes actively listed for sale in Glenwild at prices ranging from $4.7 million up to $11.25 million.

Glenwild Land

• One lot traded in the third quarter, Lot 130 was listed at $965,000.
• Two lots have traded thus far in Glenwild at an average price of $1,462,500, nearly 22% above the average price at year-end 2023..
• At the end of the third quarter, no lots were pending sale.
• At September 30, 2024, six lots were actively listed for sale at prices ranging from $1,495,000 up to $2,199,999.

The Preserve, Ranches at The Preserve, Goshawk Ranch & Stagecoach Estates

 In the communities surrounding Glenwild, two homes sold in the third quarter of 2024, bringing the total for the year to five homes sold. One home in Ranches at the Preserve priced at $8,970,000 and one home in The Preserve priced at $5,399,000 sold. At the end of the third quarter, one home in Goshawk Ranch was pending sale as well as one home in Stagecoach Estates. As of September 30, 2024, 12 homes were actively listed for sale in the communities surrounding Glenwild. Five of the 12 are in Stagecoach Estates, six of the 12 are in The Preserve/Ranches at The Preserve, and one home is in Goshawk Ranch.

While no land sales in the communities surrounding Glenwild closed during the third quarter of 2024, nine lots have sold in 2024. Seven of those sales were in The Preserve/Ranches at The Preserve, and two sales were in Stagecoach Estates. At the end of the third quarter of 2024, no lots were pending sale in those communities, and ten were actively listed for sale. Eight of the ten active listings are in The Preserve/Ranches at The Preserve, and two of the ten are in Stagecoach Estates.

Single-Family Homes

Single-family Homes: Once again, Glenwild tops the chart with the highest average sale price at over $5.6 million. Victory Ranch and Tuhaye posted average sale prices per square foot over $1,000, due to new construction sales. Promontory shows 47 pending home sales, driven by developer contracts on new construction homes not yet completed. Inventory levels in each of the communities are similar to inventory levels one year ago. When looking at average sale price per square foot in each community versus year-end 2023 figures, each community is down between 3 and 6%, with the exception of Tuhaye which is up over 12% where only two of the 19 closed sales in 2024 were of older homes. The downward pressure on price per square foot is largely driven by discounts on older, un-renovated product.

Vacant Land

Glenwild’s average land sale price places it in the middle of the pack when compared to the other golf communities. Victory Ranch’s average price is skewed high by the sale of one 53 acre lot for over $4 million. Tuhaye continues to post strong land sales closing 31 transactions thus far in 2024 at an average price of nearly $1.75 million. Land inventory levels in each of the communities is similar to the same period in 2023. When looking at pricing, average lot prices in each of the communities continues to climb when compared to the average sale prices at year-end 2023. Ignoring Victory Ranch with its impacted average, land pricing is up about 5-20% in each of the communities, with Glenwild posting the highest growth at nearly 22% over average land prices at at year-end 2023.

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 Please feel free to reach out to me with any questions about this market update, and consider me a resource for real estate information in the Glenwild area and beyond. My office is located at the Summit Sotheby’s real estate offices inside the Glenwild Lifestyle Center. With over sixteen years of experience selling real estate in Park City, I have listed and sold several properties in the Glenwild area, and I have been a golf member at Glenwild since 2008. Additionally, my relationships in the community make me aware of off-market properties not listed on the MLS. If you are looking to buy or sell in the area, knowledge of those properties can be crucial to your overall strategy.

Sotheby’s International Realty has an incredible real estate network with 26,500 sales associates in 1,115 offices in 84 countries around the world, and I can match you with highly qualified real estate professionals wherever you may be transacting. Sotheby’s International Realty brokered over $143 billion of real estate transactions in 2023 and has a proven track record of success in the luxury real estate market. Sotheby’s International Realty is also the #1 most profiled luxury real estate brand in the press with over 65,600 placements.

I look forward to assisting you with your real estate needs wherever they may be, and please let me know if you have a friend or neighbor who would like to receive these quarterly real estate updates.

Sincerely,

Molly L. Campbell
Summit Sotheby’s International Realty
molly@mollycampbell.com
435-655-1208 mobile

DURING THE SECOND QUARTER 2024 IN GLENWILD. AVERAGE PRICE PER SQUARE FOOT CONTINUES TO CLIMB.

Four homes sold in Glenwild during the second quarter at an average price over $5.8 million or $948 per square foot. This average price per square foot is a 5.6% increase over the average price per square foot at year-end 2023. The four homes that sold were priced between $3,825,000 and $11,000,000, indicating a wide range of values in the neighborhood. Older, un-renovated homes are trading at a significant discount to updated or newer homes. Buyers don’t want to mobilize contractors or to wait while the work is being done. They prefer turnkey properties and are willing to pay a premium for those homes. At the end of the second quarter, there were nine homes listed for sale in Glenwild at prices ranging from $4.7 million up to $8.5 million. One home was pending sale.

One lot sold during the second quarter, marking the only land sale thus far in 2024 in Glenwild. Lot 86 was listed at $2,150,000 and sold in June. One lot priced at $965,000 was pending sale at the end of the second quarter, and five lots were actively listed for sale at June 30, 2024. As Glenwild continues to grow in popularity and becomes more built-out, finding available homes and land to buy can be a challenge for buyers, and some trades occur in off-market transactions. This report refers only to the sales disclosed on the Park City MLS in all communities for consistency and accuracy. However, I am aware of off-market listings as well as future listings, so please contact me if you are looking to buy or sell, so you can understand the entire spectrum of available inventory.

Glenwild Homes

• Four homes sold in Glenwild during the second quarter of 2024.
• The average sale price for a Glenwild home thus far in 2024 is over $5.8 million or $948 per square foot. This is a 5.6% increase over the per square foot price at year- end 2023.
• As of June 30, 2024, one home was pending sale.
• At the end of the second quarter, there were nine homes actively listed for sale in Glenwild at prices ranging from $4.7 million up to $8.5 million.

Glenwild Land

• One lot traded in the second quarter, marking the only land sale thus far in 2024. That lot was Lot 86, listed at $2,150,000.
• At the end of the second quarter, one lot priced at $965,000 was pending sale.
• At June 30, 2024, five lots were actively listed for sale at prices ranging from $1,495,000 up to $2,199,999.

The Preserve, Ranches at The Preserve, Goshawk Ranch & Stagecoach Estates

In the communities surrounding Glenwild, two homes sold in the second quarter of 2024, bringing the total for the year to three homes sold. One home in Stagecoach Estates priced at $1,650,000 and two homes in The Preserve priced at $7.5 million and $12.75 million sold. At the end of the second quarter, one home in The Preserve was pending sale, and 14 homes were actively listed for sale. The actively listed homes include six in Stagecoach Estates, six in The Preserve/Ranches at The Preserve, and two in Goshawk Ranch.

Nine lots have sold in the communities surrounding Glenwild during the first half of 2024. Seven of those sales were in The Preserve/Ranches at The Preserve, and two sales were in Stagecoach Estates. At the end of the second quarter of 2024, no lots were pending sale in those communities, and nine were actively listed for sale.

Single-Family Homes

Once again, Glenwild tops the chart with the highest average sale price at over $5.8 million. Average price per square foot for Glenwild sits in the middle of pack at $948 per square foot. Victory Ranch and Tuhaye posted average sale prices per square foot over $1,000, due to new construction sales. Promontory shows 48 pending home sales, driven by developer contracts on new construction homes not yet completed. Inventory levels in each of the communities are similar to inventory levels one year ago. Average price per square foot is a mixed bag, with Glenwild, Victory Ranch and Tuhaye posting increases in average per square foot pricing over this time a year ago. Promontory and Red Ledges show a decline over a year ago.

Vacant Land

Glenwild’s single land sale in 2024 places it at the top of the group in terms of average sale price at $2 million. Following closely behind is Tuhaye that has sold 25 lots in 2024 at an average price over $1.8 million. Tuhaye shows the highest average sale price per acre at over $1.75 million, followed by Glenwild at nearly $1.28 million. Land inventory levels in each of the communities is similar to that at mid-year 2023. Land prices in each of the communities continues to climb. When compared to the average sale prices at mid-year 2023, average prices in each of the communities is up double-digit percentage growth in 2024, indicating strong demand from buyers that want to build a custom home suited to their tastes and needs.

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Please feel free to reach out to me with any questions about this market update, and consider me a resource for real estate information in the Glenwild area and beyond. My office is located at the Summit Sotheby’s real estate offices inside the Glenwild Lifestyle Center. With over sixteen years of experience selling real estate in Park City, I have listed and sold several properties in the Glenwild area, and I have been a golf member at Glenwild since 2008. Additionally, my relationships in the community make me aware of off-market properties not listed on the MLS. If you are looking to buy or sell in the area, knowledge of those properties can be crucial to your overall strategy.

Sotheby’s International Realty has an incredible real estate network with 26,500 sales associates in 1,115 offices in 84 countries around the world, and I can match you with highly qualified real estate professionals wherever you may be transacting. Sotheby’s International Realty brokered over $143 billion of real estate transactions in 2023 and has a proven track record of success in the luxury real estate market. Sotheby’s International Realty is also the #1 most profiled luxury real estate brand in the press with over 65,600 placements.

I look forward to assisting you with your real estate needs wherever they may be, and please let me know if you have a friend or neighbor who would like to receive these quarterly real estate updates.

Sincerely,

Molly L. Campbell
Summit Sotheby’s International Realty
molly@mollycampbell.com
435-655-1208 mobile

NO HOMES OR LOTS TRADE IN 1Q 2024 IN GLENWILD. THREE HOMES PEND SALE INDICATING INCREASED BUYER ACTIVITY

No homes or lots traded during the first quarter of 2024 in Glenwild; however, three homes went under contract in March, indicating good buyer activity and an increase in sales for the second quarter of the year. With three homes pending sale, the number of active listings in Glenwild is down to only six homes. This is below the average number of homes typically listed in Glenwild, indicating now might be a good time to list your home if you are considering selling. The six homes listed for sale range in price from $5.5 million up to $8.5 million and can be viewed here.

No lots traded during the first quarter of 2024, and no lots were pending sale at March 31, 2024. Seven lots are actively listed for sale at prices ranging from $965,000 up to $2.3 million. MLS details and photos for the actively listed lots can be viewed here.

As Glenwild continues to grow in popularity and becomes more built-out, finding available homes and land to buy can be a challenge for buyers, and some trades occur in off-market transactions. This report refers only to the sales disclosed on the Park City MLS in all communities for consistency and accuracy. However, I am aware of several off market listings as well as future listings, so please contact me if you are looking to buy or sell, so you can understand the entire spectrum of available inventory.

Glenwild Homes

• No homes sold in Glenwild during the first quarter of 2024, compared to the two homes that sold during the first quarter of 2023
• The average sale price for a Glenwild home at year-end 2023 was just over $6.3 million or $898 per square foot.
• As of March 31, 2023, three homes were pending sale.
• At March 31, 2024, there were six homes actively listed for sale in Glenwild at prices ranging from $5.5 million up to $8.5 million. This is below average for Glenwild where the typical number of homes listed is around ten.
• MLS details and photos for the current active listings can be viewed here .

Glenwild Land

• No lots traded in Glenwild during the first quarter of 2024, compared to one lot that sold during the first quarter of 2023.
• At the end of the first quarter of 2024, no lots were pending sale.
• At March 31, 2023, seven lots were actively listed for sale at prices ranging from $965,000 up to $2.3 million.
• Details on the current active listings can be viewed here.

The Preserve, Ranches at The Preserve, Goshawk Ranch & Stagecoach Estates

In the communities surrounding Glenwild, one home sold in the first quarter of 2024. The sale was the home at 9270 Mountain Bluebird Lane, listed at $12,750,000 on 10.88 acres. As of March 31, 2023, no homes were pending sale, and two homes were listed for sale. The actively listed homes were a $6.4 million home in Goshawk Ranch on 13.8 acres and an $11.6 million home in The Preserve on 9.0 acres. A link to the current active listings can be found here.

Five lots sold in the communities surrounding Glenwild during the first quarter of 2024, the same number that sold in all of 2023! Three of the sales were in The Preserve/Ranches at The Preserve, and two of the sales were in Stagecoach Estates. At the end of the first quarter of 2023, no lots were pending sale and nine lots were actively listed for sale at prices ranging from $695,000 in Stagecoach Estates up to $10.75 million for a 46 acre lot in The Preserve. A link to the active land listings in the communities surrounding Glenwild can be found here.

Single-Family Homes

No home sales closed in Glenwild during Q1, but the average sale price at year-end 2023 was $6.35 million, which was the highest of all of the communities. Promontory follows behind at over $5.7 million, then Tuhaye which is also over $5 million. Victory Ranch shows the highest price per square foot, likely driven by the newly built, developer product sales and also the smallest average home size of the group. Glenwild, Promontory, and Tuhaye have lower inventory levels than in Q1 of 2023, while Tuhaye and Red Ledges have higher inventory levels versus Q1 2023. Excluding Glenwild (because of no closings), each of the communities posted higher average sale prices per square foot in Q1 2024 than at year-end 2023 with the exception of Tuhaye which was down over 7%.

Vacant Land

No land sales closed in Glenwild during 1Q 2024. Victory Ranch posted the highest average sale price in Q1 2024, but only one lot sold which was a 15.2 acre lot, well above the average lot size in the community. Following closely behind was Tuhaye at over $1.7 million for an average lot. Ten lots traded in Promontory during 1Q 2024 marking the greatest activity of any of the communities with another seven lots pending sale at the end of the quarter. Excluding Glenwild (because of no closings), the average land sale price in each community was higher than that at year-end 2023. Further, inventory levels are either on par with or lower than they were during the first quarter of 2023, indicating the upward trend in pricing is likely to continue.

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Please feel free to reach out to me with any questions about this market update, and consider me a resource for real estate information in the Glenwild area and beyond. My office is located at the Summit Sotheby’s real estate offices inside the Glenwild Lifestyle Center. With over sixteen years of experience selling real estate in Park City, I have listed and sold several properties in the Glenwild area, and I have been a golf member at Glenwild since 2008. Additionally, my relationships in the community make me aware of off-market properties not listed on the MLS. If you are looking to buy or sell in the area, knowledge of those properties can be crucial to your overall strategy.

Sotheby’s International Realty has an incredible real estate network with 26,500 sales associates in 1,115 offices in 84 countries around the world, and I can match you with highly qualified real estate professionals wherever you may be transacting. Sotheby’s International Realty brokered over $143 billion of real estate transactions in 2023 and has a proven track record of success in the luxury real estate market. Sotheby’s International Realty is also the #1 most profiled luxury real estate brand in the press with over 65,600 placements.

I look forward to assisting you with your real estate needs wherever they may be, and please let me know if you have a friend or neighbor who would like to receive these quarterly real estate updates.

Sincerely,

Molly L. Campbell
Summit Sotheby’s International Realty
molly@mollycampbell.com
435-655-1208 mobile

NINE HOMES SELL IN GLENWILD DURING 2023

Nine homes sold in Glenwild during 2023, more than double the number of homes sold in 2022. The average price for a Glenwild home sold during 2023 averaged over $6.35 million or $898 per square foot. The average price per square foot increased about 8% in 2023 over the 2022 average. At the end of 2023, no homes were pending sale in Glenwild, and seven homes were actively listed for sale at prices ranging from $4.8 million up to $11.5 million. Only one lot traded in Glenwild during 2023, a significant decline in activity from 2022 when six lots sold. The one sale was lot 161 at 2.01 acres and was listed at $1.2 million. Because there was only one lot sold, this sale becomes the community average for 2023 and at a price below the average for 2022. The average sale price for a Glenwild lot at the end of 2022 was just over $1.5 million. Five lots were actively listed at the end of 2023, exactly the same number of lots that were listed for sale at the end of 2022. The current asking prices for Glenwild lots ranges from $965,000 up to $2.3 million. As Glenwild continues to grow in popularity and becomes more built-out, finding available homes and land to buy can be a challenge for buyers, and some trades occur in off-market transactions. This report refers only to the sales disclosed on the Park City MLS in all communities for consistency and accuracy. However, I am aware of several o! market listings as well as future listings, so please contact me if you are looking to buy or sell, so you can understand the entire spectrum of available inventory. 

Glenwild Homes

• Nine homes sold in Glenwild during 2023, a significant increase over the four homes that sold during 2022.
• The average price for a home sold during 2023 was over $6.35 million or $898 per square foot, up about 8% from the $832 per square foot average at year-end 2022.
• As of December 31, 2023, no homes were pending sale.
• At the close of 2023, there were seven homes actively listed for sale in Glenwild at prices ranging from $4.8 million up to $11.5 million.
• This is a slightly below average active listing inventory for Glenwild, where the typical number of homes listed is around ten. 

Glenwild Land

• Only one Glenwild lot sold in 2023, and that sale occurred in the first quarter of the year. At the end of the fourth quarter, no lots were pending sale.
• At December 31, 2023, five lots were actively listed for sale at prices ranging from $965,000 up to $2.3 million.
• This inventory level is lower than the historical inventory level, driven by the fact that Glenwild is becoming more built out. 

The Preserve, Ranches at The Preserve, Goshawk Ranch & Stagecoach Estates

In the communities surrounding Glenwild, four homes sold in 2023. Two homes sold in Stagecoach Estates, one home in Goshawk Ranch, and one home in Ranches at The Preserve. The Stagecoach Estates homes were listed at $1.99 million and $4.4 million, while the Ranches at the Preserve home was listed at $4.6 million. Lastly, the Goshawk Ranch home was listed at $6.75 million. As of December 31, 2023, one Preserve home listed at $12.75 million was pending sale, and two homes were actively listed for sale. The actively listed homes were a $3.3 million listing in Stagecoach Estates and a $11.6 million home in The Preserve. Five lots sold in the communities surrounding Glenwild during 2023. Three of the sales were in The Preserve, and two of the sales were in Stagecoach Estates. At the end of 2023, two lots were pending sale: one in The Preserve and one in Ranches at The Preserve. Lastly, eleven lots were actively listed for sale at the end of 2023 at prices ranging from $695,000 in Stagecoach Estates up to $10.75 million for a 46 acre lot in The Preserve.

Single Family Homes

Glenwild topped the chart with the highest average sale price in 2023 at $6.35 million and the largest average home size. Glenwild posted the fourth highest sale price per square foot. Victory Ranch shows the highest price per square foot, likely driven by the newly built, developer product sales at Victory Ranch and also the smallest average home size of the group. Average prices per square foot in 2023 were higher in each of the communities over 2022 figures. Inventory levels in each community are generally below that of 2019, or pre-pandemic levels, and are essentially on par with inventory levels at year-end 2022. 

Vacant Land

Only one lot traded in Glenwild in 2023 skewing its average pricing for the year. Tuhaye posted the highest average lot sales price at the end of 2023 at close to $1.6 million, followed by Victory Ranch. Average prices at the end of 2023 are mixed over the year-end 2022 averages in the various communities. Glenwild, Promontory, and Victory Ranch show average prices below 2022 year-end averages, while Tuhaye and Red Ledges show prices above year-end 2022 levels. Land inventory at the end of 2023 was below year-end 2019 or pre-pandemic levels in all communities except Tuhaye and Red Ledges which were slightly higher. 

Please feel free to reach out to me with any questions about this market update, and consider me a resource for real estate information in the Glenwild area and beyond. My office is located at the Summit Sotheby’s real estate offices inside the Glenwild Lifestyle Center. With over fifteen years of experience selling real estate in Park City, I have listed and sold several properties in the Glenwild area, and I have been a golf member at Glenwild since 2008. Additionally, my relationships in the community make me aware of off-market properties not listed on the MLS – in fact, I have off-market listings in the area that are available. If you are looking to buy or sell in the area, knowledge of those properties can be crucial to your overall strategy. 

Sotheby’s International Realty has an incredible real estate network with 26,000 sales associates in 1,000 offices in 81 countries around the world, and I can match you with highly qualified real estate professionals wherever you may be transacting. Sotheby’s International Realty brokered over $167 billion of real estate transactions in 2022 and has a proven track record of success in the luxury real estate market. Sotheby’s International Realty is also the #1 most profiled luxury real estate brand in the press with over 60,000 placements. I look forward to assisting you with your real estate needs wherever they may be, and please let me know if you have a friend or neighbor who would like to receive these quarterly real estate updates.

Sincerely,

Molly L. Campbell

molly@mollycampbell.com

435-655-1208 mobile