Park City Utah Real Estate Blog

The International Mountain Bicycling Association (IMBA) recently named Park City a Gold Level Ride Center, making Park City the first town in the world to receive the honor!

As Park City Realtors we fully understand the importance of our amazing trails network. It is one of the most important aspects we get to boast about for our beloved town. We are members, and fully support the Mountain Trails Foundation. MTF is a non-profit organization that creates, and maintains trails throughout the Park City and Deer Valley area. Mountain Trail's director, Charlie Sturgis submitted Park City's application for the award. According to a press release, Park City received a score of 96, out of 100, and no other town has yet to achieve higher than a 90. Multiple towns…

2012 1ST QUARTER STATISTICS

By Park City Board of Realtors

PRESS RELEASE - FOR IMMEDIATE RELEASE:

Park City, Utah –The highlight for the first quarter of 2012, as reported by the Park City Board of REALTORS®, is that the median sales price for vacant land and condos, in all areas, has gone up. The median sold price for condos went from $335,000 in the first quarter of 2011 to $401,628 for quarter one in 2012. Vacant land also saw a rise in median sold price from $134,500 in 2011 up to $200,000 in 2012. The overall sales dollar volume for quarter one, however, came in at $235 million, down from the first quarter of 2011 when overall sales topped $254 million. The total number of sales is also lower for the first quarter of 2012, with 338 sold properties,…

Realtor.com recently ranked Salt Lake City No. 6 in the nation for “The Best Cities to Buy a Home Right Now.” Forbes reported on the study and stated there were a number of factors that played a part in determining how each city was evaluated and ranked.

Salt Lake received high marks for improved inventory levels, list prices and employment. Inventory is down 31 percent compared to last year, and the median list price is up 5.5 percent from last year at $195,000. The unemployment rate for Salt Lake is currently 5.9 percent. Unemployment rates, from the Bureau of Labor Statistics, were factored into the rankings since jobs are a leading indicator of housing demand.

Park City, Utah, just 35 minutes up Parleys canyon is a nearby alternative to living in…

Looking for a good early season ride, try out the trails at Round Valley, just on the edge of Park City.

This is one of our many recommended rides for mountain biking in Park City, Utah. We will keep doing updates on the trail conditions as the snow continues to melt. If you are ever wondering where to go, just check back on our real estate website which has much more than real estate information for Park City. As Park City realtors, we continually try to educate our visitors on all the amazing trails and recreation opportunities we enjoy every day!

Round Valley's "Somewhere Elks" Trail, looking South at Park City ski resort

Round Valley Mountain Bike Ride
Saturday, April 21, 2012
Weather: Sunny, High 60's - Absolute Perfection

I started at my home in…

Park City's winter season is now over, with all three Park City ski resorts now closed. Even though we had much less snow this year, especially compared to the ultra amazing year we had last year, it was still a lot of fun.  Instead of snow, we did get a lot of sunny days on the mountain. And although we had less snow, we still had a couple really great days, so we cannot complain too much!

If you still have the desire to get out on snow, Brighton, Alta, and Snowbird are still open. Brighton and Alta will be closing soon, while Snowbird will stay open for at least a few more weeks. Snowbird usually remains open for a couple weeks after most resorts close, and then they switch to a weekends only schedule for the remaining few weeks. They will stay open…

Where can you ski or snowboard in the morning, and then go on a great mountain bike ride in the afternoon?  Park City of course!

Its that time of year again where we get a little sad to see the winter season dwindling down, but also quite excited to see some of our great singletrack trails drying out and becoming ready to ride. A couple days ago I had a fun time taking a few cruisers on the groomers at PCMR, and a few laps in the Superpipe - still love riding that scary thing. Then went home and got a little work done (as a Realtor sometimes I can shuffle my schedule around as needed).  Then in the same day, in the afternoon, I took my bike back out, infkated the tires back up, and had a great first ride of the year out in Round Valley. Snowboarded…

We just received nearly 3 feet of snow in the last 2 days! It started out as rain which was quite upsetting for mid-March! I was at Silver Star at Park City the other day watching two families checking in for the week, and such long faces of sadness they had! I did tell them not to worry, that the rain would soon turn to snow and it would get really good, I was hoping I was correct.

I was. The rain we saw on saturday quickly turned to snow, and did not stop. Yesterday might have been good as well, but we waited until today to go up. It was amazing, probably the best day of the year. We have had a few other really great pow days, but this was quite good. Heather and I got up there right away at 9am, and did runs until about noon. We took a few on…

After 5 years of decreasing prices, and seeing some great buys come and go, we are noticing some significant changes in our market. The major changes are Declining Inventory and Multiple Offers. For a while now we have been talking a lot about trying to recognize if we are at the bottom of the market. We have known, or had a strong feeling that we were there, but pin-pointing it is tough. Often you cannot truly identify the bottom until you have passed it. We are now starting to see the Pendulum beginning to swing to the other direction.

Declining Inventory
There simply is less to choose from now in our market. Many of the distressed properties have been bought up, and many of the low priced "deals" also have been sold. Don't worry, there are still…

If you are considering buying is Aspen, or selling in Aspen, we can help find the best suited Sotheby's Realtor for you. Let us help connect you through our Sotheby's network.

Sotheby’s International Realty Affiliates LLC today announced that Morris & Fyrwald Sotheby’s International Realty in Aspen and Carbondale, Colo., has combined with Chaffin Light Real Estate in Aspen, Snowmass Village and Basalt, and now will operate as Aspen Snowmass Sotheby’s International Realty.

Aspen Snowmass Sotheby’s International Realty will serve the entire Roaring Fork Valley from Aspen/Snowmass to Glenwood Springs. Mark Overstreet serves as president of the new company and will report to a management board of Ernie Fyrwald, Andrew Light, Craig Morris and Garrett…

Real Estate Market Fundamentals - Recognizing The Buyer's Market "Sweet Spot"

Nobody Buys in A Buyers Market!
Why is it that when we are in a Seller's Market, buyers line up and compete with each other to buy with multiple offers trying to out bid each other, but once we are finally in a Buyer's Market, the buyers won't buy? In the Buyer's Market everyone is frozen with fear. They are watching and waiting, and watching and waiting for some signal that we are in the absolute bottom point of the bottom of the market. But guess what, no one rings a bell once we hit the bottom. There is no memo sent out to potential buyers, there is no breaking news forecast, there is no alarm sounding off. So how do buyers know when we are truly at the bottom of the…