Vail gets bigger, buys Whistler Blackcomb for $1 billion in a deal that may boost Park City. A deal worth over $1B, The Epic Pass that allows skiers to visit Vail resorts across North America and in Australia could bring more tourists to Utah. Whistler Blackcomb is one of the most iconic mountain resorts in the world, with an incredible history. Once included in the Epic Pass, Park City locals will be able to ski the renowned resorts with the pass from Park City.
In the past five years, Vail was brought into Utah by Talisker Corp. to manage Canyons Resort. After Powdr Corp. failed to renew a lease for Park City Mountain Resort with Talisker and was losing a court battle to overturn that mistake, Vail bought the resort's base facilities for $182
Property values have increased at approximately 7% annually since 2012
Statistics reported by the Park City Board of REALTORS®, at the close of the second quarter of 2016, indicate a steady annual price increase for single family homes, condominiums, and vacant lots in Summit and Wasatch Counties. Areas outside the Park City Limits, such as the Heber Valley and the Jordanelle, have also seen double digit growth in the number of sales.
Single Family Home Sales
In the entire market area, there are currently five times more pending sales outside the Park City Limits than what is pended within Park City Limits (84060). Over the last twelve months, the median price of a