Park City's Real Estate Market Post Vail Purchase
Posted by Utah Ski Properties on
Vail Acquires Park City Mountain Resort
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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