Park City, Utah – January 26th, 2016

Summit and Wasatch County property prices rise at a steady market pace in 2015

At the end of the fourth quarter of 2015, the year-end statistics reported by the Park City Board of REALTORS® indicated a slow but consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties. The total dollar volume for 2015 was up 10% over 2014, reaching $1.85 billion, with single family homes sales accounting for the highest dollar volume by property type.

 

Above chart illustrates the Total Number of Units Sold by year from 1999 to 2015.


Above chart illustrates the Median Price of Sold Units by year…

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The world's best freestyle skiers come back to Deer Valley this winter for the 2016 FIS Freestyle Ski World Cup. If you have never been to one of these events, it is a must see. Watch some of the best athletes in the world, flip, spin, race, and crash in the Freestyle Moguls and Aerials competitions. All events are free to the public.

Wednesday, February 3, 2016 - Main Street Celebration Concert

7 - 10 p.m. Opening Ceremony and Concert Lower Main Street
Immediately Following Fireworks Lower Main Street

Thursday, February 4, 2016 - Mogul Competition

9:20 - 10:05 a.m. Men's Aerial Qualifications White Owl
10:20 - 10:40 a.m. Men's Aerial Finals White Owl
12:05 -…

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BMW IBSF BOBSLED & SKELETON WORLD CUP

The Utah Olympic Park welcomes bobsled and skeleton athletes from over 20 countries to this World Cup competition. This is the fifth competition in a series of eight World Cup competitions around the world this winter. Free admission for spectators.

Friday, January 15

11 am: Women's Bobsled Race
6 pm: 4 Person Bobsled Race

Saturday, January 16

11 am: Women's Skeleton Race
12 pm: Men's Skeleton Race
5 pm: 4 Person Bobsled Race.

>>> Click here to view more info:

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Not able to secure a Festival Pass or Ticket Package but still want to get in on the fun? We've got you covered - there's lots to do that doesn't require a ticket.

Try the NEW eWaitlist

They like to ensure that every seat in every theatre is taken, so prior to the start of each film they sell the open seats to people who have signed up on their eWaitlist. It's a very successful way to see some of the films that sell out early, and they've just made it easier by allowing you to sign up anywhere with an internet connection.

No more waiting in long, cold lines for two hours prior to screening time for a waitlist number! Festivalgoers will now have the ability to receive a waitlist number for a screening via any internet capable device. The…

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Above: Views from the ridge looking back to Park City

The highly anticipated Quicksilver Gondola was installed this summer and is now open! The connection between Park City Mountain Resort and Canyons creates the biggest ski resort in the United States, offering 40 lifts, 314 runs and 7,300 acres of skiable terrain.

We took a couple laps on Friday and we would have to say the new gondola connection is pretty cool. The views are amazing and its surprising how quick you can get to the gondola from the Park City side. A simple quick ride up the Crescent chairlift, then down to the bottom of Silverlode, which is the home of the gondola’s Park City side base.


Above: The new Miner's Camp Lodge at Park City Resort

Also located here is the new Miners Camp…

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These are exciting times to be in Deer Valley and Park City, Utah. Deer Valley Resort® has been a long time top ranking ski resort in SKI magazines reader’s polls and many other ski publications. And now Park City is owned by Vail, has merged with the Canyons resort, and is now one giant ski resort. In fact, it is now the largest ski resort in North America. They have been connecting the two ski resorts into one, and have made numerous grades to the tune of $50 million.

With all the new hype focused on the resorts, it is bringing the opportunity for new real estate developments, specifically luxury ski-in, ski-out communities at Deer Valley and Park City’s Canyons Village. Below we are giving you a sneak-peek of a few new upcoming developments that…

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Closed sales for the first nine months of 2015 are the highest since 2007

At the 2015 third quarter end, both the median sales price and the number of closed sales continued to trend upward despite the number of active listings hovering at historically low levels in the Greater Park City Area. By property type, including single family homes, condominiums, and vacant land, for the entire market area, there was a 12% increase in quantity sold and 10% increase in median sales price compared to the previous four quarters, with condominium sales accounting for half the closed transactions, according to statistics released by the Park City Board of REALTORS®. Year-over-year the total dollar volume was also up 20% reaching $1.85 billion.

At a quick…

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Park City Mountain Trail Map - Click to view larger version.

Park city ski resort is moving along quite well with their $50 million of improvements for the upcoming 2015/2016 ski season. Shown above you can see the new trail map that shows the two combined resorts. Park City Mountain Resort and Canyons Resort have now been combined to become Park City Mountain. The new resort will now be the largest ski resort in the country.

The most significant of all the changes and upgrades being completed this summer is the installation of the new Quicksilver gondola. This new gondola is the integral link that will connect both resorts into one giant resort. In the photo below you can see the location of the base of the popular Silverlode chairlift at Park City…

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Here is a great mountain bike ride I would recommend to anyone looking for a long and fun loop. This recommended ride starts with Jenni's Trail at Park City Ski Resort. Jenni's heads up to Mid-Mountain Trail. Then you'll come back down the very fun and fast Deer Crest Trail.

The photo below is from the recently built and popular Jenni's Trail at Park City ski resort. This trail begins at the bottom of the resort near the first time ski lift. You can park at the base parking lots of Park City resort. The trail works its way up hill, all across the ski runs under some of the ski lifts and ends near the top drop off point of the town ski lift. Jenni's is a good upward climb, rarely levels off so its a bit of a grind but not too rocky or difficult. It…

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Park City, Utah – July 29, 2015, Number of closed sales and total dollar volume for the first half of 2015 are the highest since 2007. The total number of closed sales, year-to-date, for the entire market area was 9% higher than the first two quarters of 2014 and was the highest first half of any year since 2007, according to statistics released by the Park City Board of REALTORS®. The total dollar volume was up 11% and the median sales price continued to trend upward on a gentle curve in most areas. The Summit and Wasatch County market remains highly segmented; some market segments are drifting down while others are moving up.

Single Family Home Sales

The median sales price for a single family home within the City Limits (84060) over the past…

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