Two numbers came out of Deer Crest this spring, and they point in opposite directions. Condo transactions fell from 29 in the first quarter of 2025 to just 4 in the first quarter of 2026, a decline steep enough to drag the entire Park City Limits condo market to a 54% volume drop. In the same quarter, Deer Crest posted the highest median sale price of any Deer Valley submarket at $11,125,000.
Read the first number in isolation and the gated enclave above Deer Valley looks like it stalled. Read it against the second, and a different picture emerges: the market did not slow, it ran out of a specific kind of inventory. For an out-of-area buyer trying to time an entry into Deer Crest, that distinction is the entire story.
The Presale Wave That Broke the Chart
The 29 transactions in Q1 2025 were not a normal quarter.
