Park City, UT

Utah is home to one of the most interesting and diverse new emerging tech hubs in the U.S. called Silicon Slopes--an area that encompasses Salt Lake City, Utah County and Park City. Job opportunities in the tech world are continuing to rise and Utah is the next big boom. The local economy is growing at 9% year-over-year, more than two times faster than the national average. Park City in particular is the most affluent city in the state. It is the nation’s second-most wealthy “micropolitan area” with median household income of $91,470. Park City is home not only the biggest and #1 rated ski resort in the country- Park City Mountain Resort, boasting their massive 7,300 acres and 348 trails, but Park City is also home to the 2002 Winter Olympics, Annual Sundance Film Festival, the DOCUTAH Film Festival, the Utah Data Center, the Utah Shakespeare Festival, national parks and home to many extreme sports enthusiasts. People flock here not just to live, but to play! With an ample amount of outdoor opportunities, “Parkites” have found the right balance between work and play. Park City has seen record-breaking home sales prices as the average home price has increased by 16% to $2.5 million. Another reason why the Park City area tends to win out over other mountain ski towns is because of the proximity to the Salt Lake International Airport- on average, you can be at a major international airport well within an hour. The high-end real estate market for Park City is at an all-time high: the number of high-end homes that had a sales price of over $4,000,000 or more is up 241% from previous years, and that trend is staying strong. There is an extremely high demand for buyers and a lack of inventory. Trends have shown this is an extremely positive place to invest for real estate for years to come.