Park City Utah Real Estate Blog

charlies 9k trail in park city utah

If you are visiting Park City and only have time to do one mountain bike ride, a trail we would recommend is Charlie's 9K Trail. As the name implies, the 9K Trail meanders up and down at an elevation of around 9000 feet. This trail is similar to the very popular Mid-Mountain Trail at 8000 feet. Charlie's 9K is easy to get to and can be biked (or hiked) as an out-and-back, enabling you to determine how far out you want to go and simply turn around and ride back. In the hot summer months, this is an ideal trail to ride as it is at a high elevation which is naturally cooler. Additionally, much of the ride is under the canopy of a mix of aspens and fir trees, providing a nice amount of shade from the sun.

The 9K Trail is relatively easy to get to, and

902 Views, 0 Comments

provo river utah kayak trip

Are you looking for some outdoor fun for the entire family? Floating Utah's beautiful Provo River is a great way to beat the heat. The river meanders down a stunning canyon with Mount Timpanogos as a backdrop. It's one of the closest places to river rafting near Park City. The season typically runs from May through September.

There are numerous ways to float the river; you can raft, kayak, paddleboard, or tube your way down. High school and college-age kids tend to enjoy tubing more than other age groups. With tubing, you are more exposed to the chilly water and scratches from twigs and branches that line the shores. The inflatable raft is a better option if you have a group with older grandparents or younger kids.



A float trip down the

1,632 Views, 0 Comments

park city utah 4th july parade

There is no better place to celebrate the 4th of July than Park City, Utah.

Enjoy a full day of activities with fun for the entire family. The Pancake Breakfast at City Park starts at 7am - a long-time tradition and a great way to start the day.

The Cole Sport 5k Fun Run starts at 8 am and benefits the athletes of Park City Ski & Snowboard. This race has a wonderful history, going back to the early 80's! Each year there are roughly 900 to 1300 runners, ranging in ages and abilities! This summer marks the 38th year for the 4th of July 5K Fun Run in our community and PCSS.

The July 4th Parade on Main Street starts at 11 am. This is a major attraction in Park City, so be sure to arrive early to find a good place to watch. The parade route begins

1,378 Views, 0 Comments

deer crest ski homes summer park city

This last week marked the official start of Summer. The snow has melted, the mountains are green, and visitors are back in town. With record inflation and increasing interest rates, many wonder what the real estate market will look like this summer? Will we see a market shift or downturn for real estate in Park City? Will prices continue to rise, plateau, or possibly dip? These are great questions that are hard to answer with an accurate prediction of what will come.

Most real estate professionals do not foresee a housing market crash. Many believe that we may be seeing a shift in mindset, but it is too early to say if we are truly experiencing a shift in the market. Inventory does seem to be increasing, but will that lead to lower prices, or will

812 Views, 0 Comments

As we near the end of 2021, Utah real estate sales continue at a strong pace, and inventory continues at historically low levels. At Summit Sotheby's International Realty, our team has prepared market updates through the end of November 2021 with data aggregated from three different MLS systems – for the Wasatch Back (Park City), Wasatch Front, and Southern Utah.

park city real estate market closed sales chart december 2021

Focusing on the Wasatch Back numbers, including Summit and Wasatch Counties, the number of properties sold hit historical highs from July 2020 through December 2020. During that time, the Park City real estate market experienced a range of about 300-400 sales each month.

Simultaneously, the available inventory dropped from 1,668 units in July 2020 to only 782 in April 2021. Inventory

3,554 Views, 0 Comments

Founder's Place at Deer Valley Resort

The next Deer Valley project by East West Partners will soon be announced. Founder's Place is located within the private gated community of Deer Crest, at the base of the Mountaineer chairlift at Deer Valley® Resort. Other East West Projects in Deer Valley include; Argent, One Empire Pass, Flagstaff, Arrowleaf, Shooting Star, Larkspur, and Paintbrush – all located in Empire Pass.

Founder Place offers direct ski-in and ski-out in the Deer Crest community at Deer Valley Resort. This private and secluded location is just below the St Regis Deer Valley hotel, with almost no sense of neighboring properties or homes.

Sparano & Mooney of Salt Lake City created the modern mountain contemporary architectural design, featuring big window walls, clean

2,867 Views, 0 Comments

Summit Sotheby's Collections Magazine Winter 2022

We are proud to announce our 25th Edition of Collections Magazine, Art at Elevation. In our Winter 2022 Issue, we explore the duality of art and home and their history, both within our lives and the Sotheby's International Realty brand. Join us and the principle dancers of Ballet West as we explore the homes, estates and lifestyles of Utah throughout Collections Magazine, the signature, award-winning publication from the in-house creative team at Summit Sotheby's International Realty. With national distribution, editorial content including market data, current properties on the market and a glimpse of new construction communities throughout the state, Collections Magazine is just one piece of the most comprehensive marketing strategy offered by Summit

733 Views, 0 Comments

park city townhome kitchen

The Federal Housing Finance Agency (FHFA) has recently announced increased conforming loan limits for 2022. For most Utah counties, the 2022 CLL for one-unit properties will be $647,200, increasing $98,950 from $548,250 in 2021. Both Summit and Wasatch County classify as High-Cost Areas in Utah. The high balance conforming loan limit for these counties is $970,800, compared to 2021 of $817,650. The updated loan limits offer more opportunities for buyers to obtain higher loan amounts, easier guidelines, and better rates without moving to a jumbo loan.

The Housing and Economic Recovery Act (HERA) requires that the baseline CLL for the Enterprises be adjusted each year to reflect the change in the average U.S. home price. The Housing and Economic

959 Views, 0 Comments

luxury home in midway utah

We often get questions from out-of-state buyers that have heard about Summit County's Primary Residence Tax Exemption. Many potential buyers ask questions regarding how the exemption works with investment property. The below information can be used as a general guide, but be sure to verify any important information (or rule changes) with the Summit County Assessor's office.

The Primary Residence Exemption is an exemption for property owners living in their property full time, or that have rented their property to a single tenant year round. A property that is granted a primary residence exemption is only taxed at 55% of the market value of the home and up to one acre of land. Vacation rentals and second homes do not qualify for the primary

2,978 Views, 0 Comments

A Market like never before

Residential real estate inventory in Utah is now half of what it was in 2019. The buyer profile has also dramatically changed. The work-from-home and distance learning lifestyle has allowed families more flexibility to live where they choose. For many, the lure of vacation destination towns has always been attractive, but now finally achievable. Out-of-state buyers from larger city markets have been influencing Park City market prices by what they are willing to pay, rather than more traditional methods of pricing being determined by analysis of recently sold comparable properties. The average and median home prices have been rising at a rapid pace.

Utah property available inventory

AVAILABLE INVENTORY

Looking at the total amount of properties for

1,254 Views, 0 Comments

Have a Question?

Contact Us

Follow Us