Park City, Utah real estate market news and information.

Vail's Future Plans for Park City Resort

Today, Blaise Carrig, President of the Mountain Division at Vail, joined BHHS Management and our agents for a discussion of Vail’s future plans.

Mr. Carrig gave an overview of Vail’s strategy with regards to mountain acquisition and growth, real estate development, growing appeal for winter sports, and running and operating resorts. The presentation was illuminating, and Mr. Carrig answered many of the remaining questions surrounding Vail’s recent acquisition of Park City Mountain Resort and the company’s immediate and future intentions towards its two local ski resorts.

A large part of the discussion revolved around the unique capital strength commanded by Vail. The business acumen of Vail Resorts allows…

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About River View - Heber City

Nestled in the heart of the Wasatch Back, River View brings the feeling of a world class resort to everyday living. The beauty of the Wasatch Back is right outside your front door along with all the activities the area has to offer. Skiing, boating, fishing, hiking, biking and golf are all right here along with unparalleled views and easy access to Park City, Salt Lake and Provo.

Where is River View?
River View is thoughtfully perched on the northern tip of the Heber Valley, just moments from Jordanelle reservoir. It is 30 minutes from Salt Lake City, 10 minutes from Park City, 5 minutes to the Deer Valley Gondola and 10 minutes from 96 hole of golf in Midway.

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Vail Acquires Park City Mountain Resort

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At Engel & Völkers Park City, we are tracking the effects of the Vail purchase with keen interest. While it's too soon to predict all the implications from this major change, we feel comfortable in saying that Vail’s presence will be very positive for our marketplace. There are several plots of land now owned by Vail that are available for new development, which will add substantially to Park City’s future real estate growth potential.

We are not the only ones who see this acquisition as a beneficial thing.  Immediately after the sale was made public via press releases from both Vail and Park City, Vail’s stock shares jumped 12% in value. Stocks have continued to trend upwards, especially after it was…

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Park City Resort Season Ticket Prices & Epic Pass Details

Shortly after acquiring Park City Mountain Resort Vail announced that PCMR will be included on the 2014-2015 Epic Pass.

The Epic Local Pass is selling for $569 for adults, $439 for teens and $289 for children. The Epic Local Pass allows "unlimited, unrestricted skiing or riding at Breckenridge, Keystone, Afton Alps, Mt. Brighton and Arapahoe Basin with limited restrictions at Canyons, Heavenly, Northstar and Kirkwood," according to the Vail website. It also includes a total of 10 days at both Vail and Beaver Creek, with holiday restrictions applying to both of those resorts.

The restricted dates at Canyons Resort are: Nov. 28-29, Dec. 26-31, Jan. 17 and Feb. 14-15.

The normal Epic Pass,…

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Vail Acquires Park City Mountain Resort

-- Acquisition settles all litigation and ensures no disruption to future resort operations
-- Park City Mountain Resort will be added to the Epic Pass for the 2014-2015 ski season
-- Company intends to connect PCMR and Canyons for the 2015-2016 ski season to create the largest single ski resort in the United States with 7,000 skiable acres, subject to regulatory approvals

BROOMFIELD, Colo., Sept. 11, 2014 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced that the Company has acquired Park City Mountain Resort (PCMR) from Powdr Corp. for $182.5 million in cash, subject to certain post-closing adjustments. The acquisition includes all of the assets of Greater Park City Company (GPCC), the land used…

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Wolf Creek Ranch Real Estate

Nestled against Utah’s 2.2 million acre Uinta National forest and sprawling over 14,000 acres perched atop a high alpine plateau, Wolf Creek Ranch is a sportsman’s paradise. Conveniently located only 30 minutes from 4 world class ski resorts, including Deer Valley, Park City, Canyons and Robert Redford’s picturesque Sundance Resort, Wolf Creek Ranch owners are offered ample opportunities to sample the area’s rich ski history, epic mountain biking, vibrant music community and dining experiences that rival those found in the world’s glitziest cities.

As touted by the Wall Street Journal, Wolf Creek Ranch is the land “Where the CEO’s Roam.” Being intimately directed by brilliant business minds, you can rest assured…

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Park City Resort has until Friday to post $17.5 million bond

Park Record - It may be another week before anyone knows whether Park City Mountain Resort will open for the 2014-15 ski season.

Friday afternoon, 3rd District Court Judge Ryan Harris said the resort must post a $17.5 million bond by the end of business on Friday, Sept. 12, in order to stay an eviction from the land it had been leasing from Talisker Land Holdings, LLC.

When asked whether PCMR would be willing to post that amount, the resort's lead attorney, Alan Sullivan, replied, "I have to consult with my client."

The bond hearing is one piece of a closely watched legal dispute which will determine whether Park City Resort, after failing to renew its long-term lease in 2011, can…

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Sun Meadow Homes - Trailside Park Area

Beautiful home located in the family friendly Trailside Park neighborhood in Sun Meadows that offers a sunny bright open floor plan.  Meticulously cared for with wood floors on the main level living and kitchen area including stainless steal appliances.  Granite countertops and custom painting throughout are just few of the upgrades included in the home.  3 bedrooms and 2 full bathrooms on the upper level along with a great open loft area that could be added as a fourth bedroom.  Beautiful landscaped yard with some of the most sought after views in Park City makes for great outdoor living space.  The neighborhood trails to Round Valley and common area park are conveniently located right out the back yard .…

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Juniper Inn Condos - Park Meadows Area

Jupiter Inn is conveniently located on Park Aveenue/Hwy 224 just as you enter the beautiful Park City limits. It is also conveniently located on the bus route. This first floor unit has good views, beautiful furnishings and is one of the few ADA accessible units in all of Park City. There is roll in shower with bars and all doors are compatible. The bedrooms live as master suites and there is an additional full bathroom. Enjoy plenty of storage in the garage, three common area hot tubs and elevator. Rental figures are available. Property is currently managed by Identity Properties. HOA dues include all utilities.

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P R E S S  R E LE A S E
FOR IMMEDIATE RELEASE: April 30, 2014

For further information, contact Park City Board of REALTORS®

Park City, Utah – Highest number of first quarter sales since 2007 —Statistics compiled by the Park City Board of REALTORS® Multiple Listing Service show the number of closed sales for the first quarter of 2014 (including single family homes, condominiums and vacant land) is higher than it has been for a first quarter since 2007. Surprisingly, with Park City real estate in strong demand, with total dollar volume just shy of $327 million (an 11% increase over Q1 of 2013) and with inventory still at record lows, median prices for the Greater Park City Area have increased by only 2% in the past year and are still well below the…

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