Two homes closed in Upper Deer Valley Resort in October for a combined $22.2 million, and one $20.5 million sale shaped almost every price figure for the month.
What happened in Upper Deer Valley Resort this October?
Two homes closed in Upper Deer Valley Resort during October 2026, the same number as October 2025. Combined closed volume was $22.2 million, up 31.4 percent from $16.9 million a year earlier.
The two sales were far apart. One was a new-construction estate on Legacy Way in Stein Eriksen Estates that closed at $20,500,000. The other closed in the $1.5 million to $2 million range.
That spread explains the headline prices. The median and average sale price were both $11,100,000, which is simply the midpoint of two very different sales and describes neither home. When only two homes close, one sale moves every price statistic.
Buyers also had more negotiating room than a year ago. The two homes closed at an average of 91.6 percent of their original list price, compared with 98.7 percent in October 2025.
Supply entering the market stayed thin. One new listing came to market in October and one home went under contract.
Ratio
CDOM is cumulative days on market, which counts the full time a property has been listed across listing periods rather than the days until it went under contract. With only two closings in each month, the average and median are identical, and the percentage change in CDOM is not meaningful.
Absorption rate estimates how many months it would take to sell the listed supply at the current pace of sales. It is based on the mid-month supply count and is sensitive to small changes in sales.
How did the Upper Deer Valley Resort market change over the last three months?
The median sale price rose each month, from $3,828,300 in August to $8,600,000 in September to $11,100,000 in October. That climb reflects which homes happened to close, not a steady market-wide rise.
August 2026
September 2026
October 2026
| Measure | Aug 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|
| Closed sales | 2 | 3 | 2 |
| Median sale price | $3,828,300 | $8,600,000 | $11,100,000 |
| Average sale price | $3,828,300 | $16,066,667 | $11,100,000 |
| Closed sale volume | $7,656,600 | $48,200,000 | $22,200,000 |
| New listings | 1 | 1 | 1 |
| Pending listings | 2 | 3 | 1 |
| Sale-to-original-list-price ratio | 97.7% | 93.8% | 91.6% |
| Average CDOM | 14 days | 328 days | 149 days |
The same three months a year earlier:
| Measure | Aug 2025 | Sep 2025 | Oct 2025 |
|---|---|---|---|
| Closed sales | 0 | 4 | 2 |
| Median sale price | No closings | $3,812,500 | $8,450,000 |
| New listings | 4 | 3 | 3 |
| Pending listings | 2 | 4 | 1 |
Two patterns are worth noting. First, sellers brought very little new inventory to market. One home was listed in each of the three months, for three in total, against ten over the same three months of 2025.
Second, buyers paid a growing discount to original asking prices. The sale-to-original-list-price ratio slipped from 97.7 percent in August to 93.8 percent in September and 91.6 percent in October. That is an observation from a handful of sales, but it points the same direction in all three months.
Average CDOM swung from 14 days to 328 days and back to 149. Those swings come from the specific homes that closed. September’s figure was heavily influenced by homes that had been listed for a long time before selling, and it should not be read as a market-wide trend.
September’s $48.2 million in closed volume came from three sales averaging $16.1 million, which is why it stands out against the other two months.
What actually sold in Upper Deer Valley Resort?
Two homes closed in October, one in the $1.5 million to $2 million range and one above $5 million. The larger sale was the month’s defining transaction and is featured below.
Selected October sale
4867 Legacy Way, Stein Eriksen Estates
6 bedrooms 9 bathrooms 9,556 square feet
Approximately 0.62 acres · Built 2025
Original list price: $22,000,000
Percent of original list price: 93.2%
Sale price per square foot: $2,145
Days on market: 253
4867 Legacy Way is a six-bedroom, nine-bath home of 9,556 finished square feet on 0.62 acres, built in 2025. It was listed at $22,000,000, went under contract in early September, and closed on October 1 at $20,500,000.
That was 93.2 percent of its original list price, a reduction of $1.5 million, after 253 days on the market. That works out to $2,145 per finished square foot.
One home at this price level is not a basis for judging typical prices in the area. The month’s other sale closed in a far lower price band.
What did buyers have to choose from?
One new listing came to market in Upper Deer Valley Resort in October, down from three in October 2025. One home went under contract, the same as a year earlier.
| Activity | Aug 2026 | Sep 2026 | Oct 2026 | Oct 2025 |
|---|---|---|---|---|
| New listings | 1 | 1 | 1 | 3 |
| Pending listings | 2 | 3 | 1 | 1 |
| Closed sales | 2 | 3 | 2 | 2 |
The October new listing carried a list price of $25,000,000, and the home that went under contract in October was also listed at $25,000,000. Both are priced far above $5 million.
In mid-October, 13 homes were available, against 11 a year earlier. Their median list price was $6,375,000, down 28.0 percent from $8,850,000, and the average list price fell 42.5 percent to $6,832,538. This is a mid-month snapshot rather than a month-end count. A lower median list price describes the mix of homes available, not a change in the value of any particular home.
The absorption rate rose to 6.78 months from 4.40 a year earlier. In plain terms, at October’s pace of sales it would take longer to sell through the available homes than it did a year ago.
For the year to date, 31 homes have been listed in both 2026 and 2025, so seller activity is flat. Closings are slightly lower, at 21 so far this year against 24, a decline of 12.5 percent.
New Construction in Focus
October’s largest sale was a new-construction home. 4867 Legacy Way in Stein Eriksen Estates closed at $20,500,000, which accounted for roughly 92 percent of the month’s $22.2 million in closed volume.
October new-construction closing
| Measure | Value |
|---|---|
| Address | 4867 Legacy Way, Stein Eriksen Estates |
| Sale price | $20,500,000 |
| Original and final list price | $22,000,000 |
| Construction stage | Complete |
| Year built | 2025 |
| Size | 6 beds, 9 baths, 9,556 finished sq ft, 0.62 acres |
| Sale price per sq ft | $2,145 |
| Days on market | 253 |
This was a completed home that took more than eight months to sell and closed 6.8 percent below its asking price. New construction at this price level is a small, specialized segment, and one sale says little about the rest of the area.
Current new-construction availability
No home currently listed in Upper Deer Valley Resort is flagged as new construction. The homes now on the market are established properties, mostly condominiums and townhomes in long-standing developments.
For buyers specifically looking for a newly built home, that means there is currently nothing on the market to choose from in this area, and any future supply would be a new listing worth watching for. These are current availability figures, not a month-end inventory count for October.
What does this mean for buyers and sellers?
For buyers
Buyers had negotiating room in October. The two homes that closed did so at an average of 91.6 percent of their original list price, and the discount has widened each month since August, when it was 97.7 percent.
Six of the 12 homes currently listed have already reduced their asking price from where they started. If you are interested in a home that has been on the market for a while, a reduction history is a useful signal that the seller has been responsive to the market.
The pace is slow, which works in your favor on timing. Only two homes closed in October and one went under contract, so there is little competition for most of what is available.
That same thinness means choice is limited. With one new listing in October and none flagged as new construction, you may need patience if you are looking for a specific building, floor plan or price point.
For sellers
Pricing realism mattered. The featured sale started at $22,000,000 and closed at $20,500,000 after 253 days. The other closing also came in below its original asking price.
Sellers have little new competition. One home was listed in each of the last three months, against ten in the same three months of 2025. A well-priced home may stand out for that reason.
At the same time, the absorption rate of 6.78 months is longer than the 4.40 months of a year ago. Expect a deliberate selling process rather than a quick one, and set your asking price with the recent discounts to original list price in mind.
One caution on the headline numbers. The $11,100,000 median sale price for October does not describe a typical home. It is the midpoint of two sales more than $18 million apart, and it should not be used to price a property.
Keep the price increase in perspective
Upper Deer Valley Resort’s median sale price rose 31.4 percent year over year in October, from $8,450,000 to $11,100,000. Year to date, the median is $6,240,000 against $5,067,500 for the same period of 2025, an increase of 23.1 percent.
Those figures are real, but they do not mean the value of any home in the area rose by that much.
A median describes the middle of what sold, not the change in value of any particular property. In October there were only two sales in each year, so the median is just the midpoint of two homes. One of them was a $20,500,000 estate.
The same caution applies to the monthly pattern. The median moved from $3,828,300 in August to $8,600,000 in September to $11,100,000 in October, but those months included two, three and two sales, and the mix of homes changed each time.
The year-to-date comparison rests on more sales, with 21 closings this year against 24 last year, so it is a steadier guide. Even so, the average sale price year to date rose 39.6 percent, from $5,811,000 to $8,109,948, which is much more than the median. When the average moves that much further than the median, a few high-priced sales are usually doing the work.
Asking prices tell a different story. In mid-October the median list price of available homes was 28.0 percent lower than a year earlier, and six of the 12 homes currently listed have reduced their price. Price movement in this area is not uniform.
What an individual owner’s home is worth depends on its building or subdivision, size, age, condition, views and location. The only reliable way to know is a valuation of that specific property.
What should we watch next month?
These are indicators worth following, not forecasts.
Whether new listings pick up.
Only one home was listed in each of August, September and October, against ten over the same three months of 2025. If listings stay this scarce, buyers will have little to choose from. If they rise, competition among sellers could change the pricing picture.
Whether the discount to original list price keeps widening.
The sale-to-original-list-price ratio has slipped from 97.7 percent in August to 93.8 percent in September and 91.6 percent in October, and six of the 12 homes now listed have cut their price. Another month of data will show whether this is a trend or a few sales.
Whether pending activity recovers.
Only one home went under contract in October, down from three in September, and the absorption rate rose to 6.78 months. Pending activity leads closings by roughly one to two months, so November’s pending count will say a good deal about the closings to come.
Frequently Asked Questions
What was the median home price in Upper Deer Valley Resort in October 2026?
The median sale price was $11,100,000, up 31.4 percent from $8,450,000 in October 2025. It is based on only two closings, one at $20,500,000 and one in the $1.5 million to $2 million range, so it is not a typical price.
How many homes sold in Upper Deer Valley Resort in October 2026?
Two homes closed, the same number as in October 2025. Combined closed volume was $22.2 million, up from $16.9 million.
Why are the median and average sale price the same?
When only two homes sell, the median is the midpoint of the two sales, which is also their average. That is why both figures were $11,100,000 in October.
Did homes in Upper Deer Valley Resort sell above asking price?
No. The two October closings averaged 91.6 percent of their original list price, compared with 98.7 percent in October 2025. The largest sale closed at 93.2 percent of its original list price.
How long did homes take to sell in Upper Deer Valley Resort?
Cumulative days on market averaged 149 days for the two October closings, against 1 day a year earlier. The featured sale at 4867 Legacy Way took 253 days. Year to date, the median is 25 days against 24 last year, so October was slower than usual.
Is there any new construction for sale in Upper Deer Valley Resort?
No home currently listed is flagged as new construction. A new-construction home on Legacy Way in Stein Eriksen Estates closed in October at $20,500,000.
How many homes are for sale in Upper Deer Valley Resort right now?
A current search shows 12 homes listed, with asking prices from $4,385,000 to $12,500,000 and a median of $6,137,500. Ten of the 12 are condominiums or townhomes, and six have reduced their price. This is a current figure and differs from the mid-October count of 13.
Is now a good time to buy or sell in Upper Deer Valley Resort?
That depends on your property and your timeline rather than on a single month’s numbers. October showed buyers negotiating below original asking prices and very little new inventory, but with only two sales, one month cannot set a trend. A conversation about your specific home or target building will be more useful than a market average.
Thinking about buying or selling in Upper Deer Valley Resort?
Every building and home in Upper Deer Valley Resort is different, and a monthly median cannot tell you what your property is worth or what you should offer on a particular listing. Karen Stone works in these neighborhoods every week and can walk you through what the numbers mean for your situation. Contact Karen to talk through your plans.
