Park City & Deer Valley Real Estate News

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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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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Aspen Hollow #2 Townhome | Deer Valley Resort
Aspen Hollow - Deer Valley Resort Utah

This exceptional stand alone home is a stunning mountain contemporary with 5 bed/5 bath or use 5th bedroom as study, 4 fireplaces and 2 Great Rooms for friends and family. Top of the line finishes with hickory, slate, ceramic and stone tile flooring, incredible kitchen & bathroom fixtures. Huge vaulted ceilings & beams throughout with light and openness. State of the art kitchen with convection microwave, Thermador stove, Instahot reverse osmosis, accented with beautiful slab granite, knotty alder cabinetry and natural stone stove vent.  Master bed and bath includes fireplace, built-in closet organizer, skylights, Euroglass shower and claw foot bathtub.  Each room throughout is individually zoned for

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Pinnacle Townhomes For Sale | Park City Utah

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

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