Park City, Utah – May 18th, 2015, Number of sales for the first quarter of 2015 remains steady with prices rising gradually.

The total number of closed sales, including single family homes, condominiums, and vacant land, within the Greater Park City Area, for the first quarter of 2015 was 11.5% higher than Q1 of 2014 and 18.5% higher than Q1 of 2013. With another strong quarter in condominium sales, the number of closed transactions for the first quarter of 2015 marked the highest number of first quarter sales since Q1 of 2007. The total dollar volume for the first quarter was 17% above that of 2014 and 37% higher than 2013, according to statistics released by the Park City Board of REALTORS®. The median sales price for the Greater Park City Area,…

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Wow! we just had another storm roll through and picked up a lot of the lake effect snow. Here in town in Prospector area we had about 5 inches of snow and the PCMR mountain has reported about a foot of snow. This time of year, the Cottonwood Canyons will get considerably more snow than the Park City resorts, so knowing this well, I did the drive over to Brighton. Quite a great day, they had about 18 inches of snow. Some of the steeper slopes you would hit the crusty bottom occasionally, but on the more mellow slopes you could enjoy the bottomless floating sensation.


Brighton Ski Resort, April 15, 2015

The big news is Snowbird is reporting about 30 inches for the day, and had nearly 4ft of snow for the storm total! You can see their "Monster Dump"…

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PCBOR STATISTICS 2014 YEAR END

Now that we have ended the year 2014 we can finally compare the end of year results to the previous year of 2013. Looking at the macro market level there was a total of 2,362 unit sales for our entire Park City multiple listing service in 2014. This was only up by 4% from 2013’s 2,265 unit sales. The total dollar volume sold in 2014 was $1.67 billion compared to $1.52 billion the previous year which gave us a 10% increase. The average selling price for the entire MLS was $672,000 in 2013 and moved up 5% to $707,004 in 2014.

So to recap for all product types in the entire Park City MLS: The quantity of units sold went up 4%, the total dollar volume sold went up 10% and the average sales price went up 5%.

It's great…

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Vail Resorts announces the most impactful capital plan in the history of U.S. ski industry with more than $50 million of improvements are planned for next season!


Click on Map to view larger version

Vail Resorts plans to link two of North America’s greatest ski areas – creating the largest resort in the United States with 7,300 acres of skiable terrain. The plan outlines more than $50 million worth of resort improvements in 2015 that include. Already, the EPIC pass allows skiers to choose which mountain to ski for the day, PCMR or Canyons. Soon the resorts will be connected.

The Interconnect Gondola

An eight-passenger, high-speed gondola running from the base of the existing Silver Lift at Park City to the Flatiron Lift at Canyons. When…

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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…

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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%…

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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…

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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),…

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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…

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Jupiter Bowl powder skiing at Park City Mountain Resort  

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…

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