Velvaere Homes For Sale

Velvaere is a newly developing land community in Park City where lots average 0.66 acres and listings have carried new median asking prices ranging from $3.6 million to over $9 million depending on the month. Transaction volume is limited — only 6 closed sales appear in the available data — so figures should be interpreted cautiously; the two recorded median sale prices came in at $4,295,000 in September 2025 and $13,500,000 in June 2026, with sale-to-list ratios of 98.18% and 96.46% respectively, suggesting sellers held close to asking. All homes feed Wasatch High School, with most also assigned to Rocky Mountain Middle School and J R Smith Elementary. A monthly HOA fee of $280 applies, and with an average build year of 2025, this is an active development still establishing its sales history.