As locals, we refer to everything in town as Park City Proper which includes everything within Deer Valley, Old Town, Park Meadows, and more within a few minutes of Main Street. As you are leaving town on Highway 224, the Snyderville Basin area of Park City begins at the Canyons Village and continues on throughout the developments surrounding Interstate 80.
In general, real estate within Park City Proper is more expensive than it is in areas of Park City that are further away. Even though you are within ten minutes to the ski resorts in almost any location in Park City, property in town is always at a premium due to proximity to Main Street and both resort village areas.