Kerry Oman, Global Real Estate Advisor with Summit Sotheby’s International Realty, was recently featured in Luxury Outlook 2025—Sotheby’s International Realty’s signature report that analyzes global trends shaping the high-end real estate market. His insights shine a spotlight on Utah’s rapid emergence as a true luxury powerhouse, particularly in Park City, Deer Valley, and the greater Salt Lake Valley.
Record-Breaking Momentum in 2025
According to Kerry, Utah has seen a dramatic surge in ultra-luxury activity, with 15 homes over $15 million sold as of early 2025—a new record for the state. Compare that to 2024’s total of 18 $15M+ sales, and it’s clear the momentum isn’t slowing. The highest-priced listing so far? A stunning $32 million estate in The Colony at White Pine Canyon, one of Park City’s most exclusive communities.
Luxury that Redefines the Standard
Today’s buyers aren’t just looking for homes—they’re seeking elevated lifestyles. Utah’s top-tier properties now feature private ski lifts, indoor sports courts, bunkrooms, wellness retreats, and even whimsical touches like a replica of Disneyland’s Enchanted Tiki Room or a tunnel-connected pool barn. Kerry’s own $35 million listing showcases the creativity and scale defining this market.
What’s Driving the Growth?
Kerry credits Utah’s success to a mix of quality of life, strong economic fundamentals, and a broad range of buyers—from tech entrepreneurs and finance executives to doctors, engineers, and creatives. The affordability compared to other luxury markets, combined with year-round recreation, exceptional healthcare, and access to international airports, makes Utah a standout choice for second-home buyers and full-time residents alike.
“Utah has a tremendous economy, and people are coming here for diverse reasons,” says Kerry. “It’s certainly driven by wealthier C-suite buyers, but I also see many doctors, researchers, and those with manufacturing or construction backgrounds. It’s not just about the job—it’s about the lifestyle.”
Park City & Deer Valley: The Crown Jewels
While Utah’s luxury is expanding from Federal Heights and Holladay to Alpine and Draper, Park City and Deer Valley remain at the epicenter of prestige real estate. Gated, ski-in/ski-out communities like Deer Crest and The Colony continue to command national attention, with demand surging ahead of Deer Valley’s east-side expansion.
Explore Utah’s Finest Properties with Kerry Oman
As one of Utah’s most trusted names in luxury real estate, Kerry Oman offers an insider’s view of a market that’s rewriting the definition of mountain luxury. Whether you’re looking for a custom-built ski lodge, an architectural masterpiece, or a secluded estate with world-class amenities, Kerry provides unmatched service, insight, and discretion.
Read the full report at LuxuryOutlook.com. Contact Kerry today for more info on today’s luxury market in Utah!
View Kerry’s luxury listings for sale at kerryoman.sothebysrealty.com.