Park City & Deer Valley Real Estate News

Park City, Utah 2016 First Quarter Market Statistics

Park City, Utah - May 3, 2016

Overview

Property prices continue to rise at a sustainable rate throughout Summit and Wasatch Counties
Statistics reported by the Park City Board of REALTORS®, at the close of the first quarter of 2016, indicated a steady annual increase of 6% in the median sales price for single family homes, condominiums, and vacant lots in Summit and Wasatch Counties. Specifically in the Single Family Home sector, prices have edged back up to where they were in 2007 but have not reached the market highs of 2008.

Single Family Home Sales

Though the number of Single Family Home sales was down 12% within the Park City Limits (84060) and 4% in the Snyderville Basin (84098), the

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Park City Real Estate Market Report - Year End 2015

This comprehensive year-end market report is designed to give an overview of Summit and Wasatch County real estate. We feel that our clients should have access to information that facilitates thoughtful real estate decisions. All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/15 to 1/1/16.

The Park City market remains highly segmented. Our town, its neighborhoods, and outlying areas differ significantly in terms of price, home type, and features and amenities. For example, while Deer Valley and Prospector share the same zip code, average single family home prices in these two neighborhoods differ dramatically. Data interpretation, judgment, and historical

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Park City Board of Realtors Market Update

Park City, Utah - January 26, 2016

Deer Crest Ski Home

Summit and Wasatch County property prices rise at a steady market pace in 2015

At the end of the fourth quarter of 2015, the year-end statistics reported by the Park City Board of REALTORS® indicated a slow but consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties. The total dollar volume for 2015 was up 10% over 2014, reaching $1.85 billion, with single family homes sales accounting for the highest dollar volume by property type.

Single Family Home Sales

Within the City Limits (84060), the median sales price of a single family home was 17%

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Deer Valley Resort® Development Spotlight 2015

We represent more developments than any other brokerage in Utah. We aren't just cornering the market...we're shaping it.

As the leading development listing agency in Park City, we are intimately familiar with all of town's new and upcoming product. From mountain modern to cutting edge contemporary, there is a functional home type that meets the needs of every buyer. In and around Deer Valley Resort®, we are seeing an unprecedented influx of open floor plan modern builds that capitalize on Deer Valley Resort's tried and true reputation as one of America's premier ski home residential communities.  

St. Regis at Deer Valley Resort®

St. Regis at Deer Valley Resort Condos

The venerated tradition of St. Regis’ luxury, romance and bespoke

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Deer Valley Resort hoping to connect to Old Town

Options Include Two Connected Gondolas Or One Gondola To Reduce Traffic

In a meeting with the Park City Council, Bob Wheaton, the President and General Manager of Deer Valley Resort, shared Deer Valley's plan to dramatically increase their ski terrain with eight new lifts, which will serve approximately 1,000 acres of new runs. Wheaton also discussed the Berkshire Hathaway Utah Properties listed development at Mayflower (above the Jordanelle) and expanded residential communities in and around the resort. Most exciting, Wheaton confirmed that Deer Valley intends to try to connect the resort directly to Old Town via a Gondola System.

There are two options, the first option involves two connected

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Vail Announces Resort Improvement Plans for Park City Mountain Resort

  • More than $50 million of improvements in one season
  • Most impactful capital program in history of U.S. ski industry
  • Creates largest ski resort in U.S. with upgraded lifts and restaurants
  • All projects are subject to appropriate regulatory approval

ROOMFIELD, Colo.—Dec. 8, 2014—Vail Resorts, Inc. (NYSE: MTN) today announced details of the company’s planned upgrades to Park City Mountain Resort for the 2015-2016 ski season. The plan, which totals over $50 million, is one of the most ambitious and impactful capital programs in U.S. ski industry history and will transform the guest experience at Park City Mountain Resort. The plan would establish the connection between Park

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