Park City Utah Real Estate Blog

We have received our first real snow storms and just in time as the ski resorts are planning to be open soon. The storms that came through the last few days are now out of the state and we are enjoying sunny blue skies and cold air. The cold temperatures will allow the resorts to blow snow around the clock in preparation for the upcoming opening days. We may see storms return by next weekend.

Below are the anticipated opening dates for the ski resorts. However, weather could affect these dates, but so far we are on track to meet these dates. Click on any of the ski resort names to visit their websites for more information such as ski reports, lift status, ticket prices, season passes, equipment rentals, etc.

Park City Area Ski Resort Opening

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 had the least activity in Q3. Within Park City Proper, there were 126 sales - down 20% from last year’s number, with the median price at $1,315,000. In Old Town, the median price of a single family home rose 28%

The town of Park city loves Halloween. Residents including parents, kids and dogs gather each year on historic Main Street for a safe trick-or-treating location and the KSL Howl-O-Ween Costume Contest. The city closes down Main Street to vehicles and creates a large pedestrian friendly environment allowing for easy and safe trick-or-treating. The Halloween festivities on Park City's Historic Main Street has been named one of the top Halloween celebrations in the country by Travel and Leisure magazine.

Parking:
Main Street will be closed to vehicular traffic at 1:30 p.m. on Halloween, so be sure to remove your car or the police may move it for you. Parking near the Main Street area can be tough so carpool if possible. The China Bridge parking

The Park City Area Lodging Association recently met with Blaise Carrig, President, Vail Corporation Mountain Division. As you'll see from the highlights below, the future for Park City is positive and we are quite optimistic for what is to come. The purchase of PCMR by Vail has been huge news in the ski industry and even more so for the local's who call Park City home. For investors looking for rental property, vacation homes or just a second home to spend more time, the town of Park City has never been more appealing than now. 

Vail Corporation (NYSE symbol MTN) has three divisions:

Division 1, the Mountain Division is their most profitable.

This operates 11 ski resorts in the US: Vail, Breckenridge, Beaver Creek, and Keystone (Colorado),

Park City is now EPIC

Park City is now part of the Epic family! This means you can now ski or ride Park City and Canyons this season, as well as other iconic resorts including Vail, Beaver Creek, Breckenridge, Keystone, and Arapahoe Basin in Colorado, and Heavenly, Northstar, and Kirkwood in Lake Tahoe on one season pass!

For unlimited, unrestricted access to both Park City and Canyons, plus the best of Colorado and Lake Tahoe, check out the Epic Pass. The Epic Pass pays for itself in just over 5 days. Plus, with the addition of Park City, the Epic Pass now provides access to 22 resorts and more than 32,000 acres of the world’s best skiing and riding, all for only $749.

Want more pass options for skiing or riding Park City this season? If

Every year SKI Magazine releases their ski resort Annual Rankings. SKI Magazine ranks the resorts using reader feedback based on a variety of categories such as terrain variety, slope grooming, dining, etc. All three Park City ski resorts ranked quite well again, but did slip a few spots from the previous year. Most of the other northern Utah ski resorts can also be found in the list below. We would highly expect to see big changes in the rankings, possibly not for next year, but for sure the year after as we see the merging of Park City Ski Resort and Canyons Resort, both now operated by Vail Resorts. Lots of big changes to come!

The rankings are a great way to help you decide where

It's Official. Vail has bought Park City Ski Resort from Powder Corp.

Its been a turbulent couple of years with the height of uncertainty and litigation reaching boiling points very recently. Last week we all held our breath as the courts decided it would take a $17.5 million bond posted by Powder Corp. to remain on the disputed resort property and stay open for the upcoming 2014/2015 ski season. Vail had asked for roughly $123 million and Powder Corp asked for the bond to be between $1 and $6 million. Early this week we received news that Powder Corp has decide to post the bond, which meant Park City Mountain Resort would in fact be open this year, and would need to again post another $19 million bond if they decided to also be open for the next

Park City's Historic Main Street will be the start and finish site for the challenging and final Stage 7 of the Tour of Utah on Sunday, August 10, featuring some of the steepest climbs and fastest descents in pro cycling.

For the fourth year in a row, Park City will be the site of the start and finish for the final stage of the prestigious Tour of Utah bike race.

The Tour of Utah is considered the longest professional cycling stage race in North America. This year’s race will cover 753.8 miles with 57,863 feet of vertical gain during the seven days of racing. Teams of 16 riders will be tested during this race.

The Race Goes Through at 12 Host Cities

The Tour starts in south Utah and will continue north through 12 host cities in Utah and

Come out and see some of the most beautiful and luxurious homes in the Park City area and benefit some area charities at the same time. This year’s tour will be held on Saturday, August 9.

The annual Luxury Home Tour is considered Park City’s premier real estate showcase, and the 2014 show is its 23rd year. The Tour will feature some of the finest residences that the public would not otherwise get to see. This year’s event will present homes in the prestigious The Colony at White Pine Canyon.

This event is organized and hosted by the Park City Board of Realtors Philanthropic Foundation. This fundraiser was conceptualized to use the natural beauty of the Park City area to highlight privately owned luxury homes to raise funds and support for local

Since the early 1900s, the Summit County Fair has been part of the area’s cultural and social fabric. This year’s event will be held from August 2 through August 9 and will be full of many exciting events.

Just a short 20-minute drive from Park City, the Fair will be held at the Summit County Fairgrounds in Coalville.

Fair Highlights

This year’s event will give you the opportunity to enjoy a truly exciting Western-themed event. You’ll have no problem finding something that you will love watching or participating in. Check out some of these Fair highlights.

PRCA Rodeo

Experience true Western life at the PRCA rodeo on Friday and Saturday night. Enjoy non-stop excitement and heart-pounding thrills as you watch top professional rodeo