Park City Utah Real Estate News - June, 2017

Celebrate the 4th of July in Park City Utah

If you have ever spent a July 4th holiday here in Park City, you know the locals take this day of celebration quite seriously. The best bet is to make your way up to Main Street by about 10am, after the pancake breakfast in City Park. Find a spot on Main Street, or meander through the crowd and enjoy the parade and running into many people you know, or meet new friends. As the parade ends, the crowd funnels down to City Park and there you're likely to remain for hours, probably much longer then you'll have intended. There is nothing quite like Independence Day in Park City!

While up on Main Street, be sure to stop by our Sotheby's 625 Main Street office. Doors open at 10AM. We'll have a light breakfast, coffee and refreshing beverages.

PARK CITY…

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Stunning Ski-in/Ski-out home going to Absolute Auction

160 White Pine Canyon Road is going to an absolute auction on Saturday, July 8 at 11AM. Originally listed at $8,995,000 this beautiful home in the Colony at White Pine Canyon will go to the highest bidder, no matter how low the highest bid is.

This incredible ski-in/ski-out mountain modern estate has one of the best locations for views, access, and sun and is located in the private, luxury gated community of The Colony. The Colony is widely considered the finest ski community in the country featuring 24-hour security, 6 plus acre lots, unparalleled open space and unforgettable wildlife. Conveniently located only 30 minutes from the SLC airport and 5 minutes from the charming downtown of Park City, one of the finest ski/mountain resorts in the world…

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Park City has Saved Bonanza Flats

A major milestone has been announced for Bonanza Flats. So many in our community have come together to help save 1,350 acres of backcountry access, wildlife, forests & trails along Guardsman Pass.

Park City plans to move forward with purchasing Bonanza Flats. The acquisition, unanimously approved by the Park City Council, would be financed in part by a $25 million bond Park City voters approved in November. Some of the balance would come from donations raised by Utah Open Lands and other conservation groups that have joined forces to help conserve Bonanza Flats.

After so much work, and uncertainty, no longer will this landscape be in plans for a destination ski and golf development. Bonanza Flats is a large area of land that sits behind Park…

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Is Park City Experiencing Another Real Estate Bubble?

Real Estate prices in Park City and Deer Valley are approaching new highs. Supply is down. Demand is up. The emerging question seems to be, "Is our resort market growing inside a bubble that could burst at any time?" As Realtors working with buyers and sellers daily, we have yet to see signs of a bubble and according to notable economists, there are no indicators of a looming recession.

The above Red Pine townhome was fully remodeled and sold in 2017 at a price of nearly $200,000 more than the previous record in Red Pine. There seems to be room in this current real estate market to reach new heights never before acheived. 

The Park City Board of Realtors produces quarterly statistical reports based on sales activity for the greater Park City…

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Get to Know the Montage at Deer Valley

The Montage Residences at Deer Valley has enjoyed abundant sales success over the last few years and they are now down to their last 17 Residences. With the remaining inventory, they have brought pricing back down in an effort to close out sales on this amazing ski destination hotel. For buyers that might be interested in this unique property, please contact us and let us know when you are planning to be back in town. As Sotheby's realtors focused on Deer Valley, Utah, we can assist you in making  purchase at the Montage, and we are aware of some creative sales offerings currently available at the Montage. The listing team is also within our brokerage, and we can navigate you through a seamless and favorable buying process.

The Montage is unique,…

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A Truly Unique Outdoor Recreational Property

For anyone looking for a vacation or second home that offers a truly remarkable outdoor recreation experience, look no further.

Bridge Hollow is a local's best kept secret for Park City, Utah. This is a private and gated community that is home to properties that feature large acreage, distant mountain views, and privacy and seclusion not commonly found in Park City. The community is located only 15 minutes from Kimball Junction and 25 minutes to downtown historic Main Street. This Wanship neighborhood is also nearby rockport reservoir, offering boating and fishing only minutes away.

The property is on just over 21 acres, and enjoys amazing views of mountain peaks and the valley below. Buyers for a home like this might also look in similar…

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Major Improvements and Re-Structuring of Talisker Club

It was an amazing ski season and now the opening of Talisker Club's championship Mark O’Meara 18 hole golf course in Tuhaye is just around the corner. Maybe now’s the time to join Talisker Club!

Talisker's New ENCORE Program

Never before have non-member Talisker property owners had an opportunity to join until now. With their new and temporary Encore program, Talisker Club is offering an exclusive but limited opportunity to join Talisker Club today. Most property owners in Tuhaye and Empire Pass are members of the exclusive Talisker Club, a "country club" offering both ski, golf and mountain lifestyle recreation in Park City, Utah. There are some owners in Tuhaye and Empire Pass that have not purchased memberships with their property…

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