Park City, Utah real estate market news and information.

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% higher…

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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

BROOMFIELD, 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…

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2014 Q3 Market Statistics - Park City, Utah

P R E S S   R E L E A S E
FOR IMMEDIATE RELEASE:

October 31, 2014
For further information, contact Park City Board of REALTORS®

Park City, Utah – October 31, 2014 – Q3 of 2014 shows fewer number of sales compared to same time period in 2013, but median sales price is trending upward

The total number of closed sales, including single family homes, condominiums and vacant land, within the Greater Park City Area in the third quarter of 2014 is 12% below Q3 of 2013, with single family home sales down over 16%, according to the Park City Board of REALTORS®. Though the number of sales is down, median prices continue to climb at a gradual pace.

Single Family Home Sales
By property type, single family homes…

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Pinnacle Townhomes for Sale

A 4 bedroom/4 bath luxury townhome located in Deer Valley, an ultimate location for skiing in the winter, biking and hiking in the summer.  Vaulted ceilings and wood beams throughout with different levels of living space for families and friends.  Well-appointed kitchen includes cherry cabinetry, granite slab countertops, breakfast bar and vaulted dining area.  Walk out onto one of the 2 decks with stunning mountain views.  Great room accented by hardwood floors, a  2 story fireplace, wood beams and huge windows.  Spacious master suite with tub and shower. Sauna, family/rec room, wet bar, hot tub are additional features.  Walk to Main St for dining and shopping or catch the free bus.  Also shuttle to Deer Valley Resort.  One…

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Promontory Club Golf Courses

Take a tour of the Nicklaus and Dye golf courses at Promontory Ranch Club, a private community in Park City, Utah. The Dye and Nicklaus courses are ranked #2 and #3 in Utah, respectively by Golf Digest. Both courses have their own practice facilities and driving ranges.

The Nicklaus Painted Valley Course

In 2007 Golf Digest ranked this the 3rd Best “New Private Course” and in 2008 was rated the toughest golf course in Utah. The Nicklaus course offers 5 tee boxes with the tips playing at 8,098 yards. The front-nine has a meandering creek that comes into play on eight of the front-nine holes, while water hazards come into play on seven of back-nine holes.

The Dye Canyon Course

The Dye course with six sets of…

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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

PC Hero _091214

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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