Summit Sotheby's International Realty was awarded Best of State, Utah's premier recognition and awards program, in the Business Services category for Real Estate/Appraisal. The Best of State Utah awards recognize Utah businesses, organizations and individuals who have made significant and innovative contributions to the quality of life in the state. A panel of expert judges from across the state selects winners by scoring nominees based on the overall quality of a company's program, innovation, and contribution to the quality of life in Utah.

"Summit Sotheby's International Realty sales associates have shown a long-standing commitment to real estate professionalism here in Utah, and across the globe," said Thomas Wright, President and Principal…

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The real estate market in Park City, Utah continues its recovery with an increase in sales, upward movement in median price, and historic low levels of inventory. More good news is that distressed properties are back to pre-recession levels.

PRESS RELEASE - FOR IMMEDIATE RELEASE:
Provided by the Park City Board of REALTORS®

Park City, Utah – Highest number of first quarter sales since 2007 —Statistics compiled by the Park City Board of REALTORS® Multiple Listing Service show the number of closed sales for the first quarter of 2014 (including single family homes, condominiums and vacant land) is higher than it has been for a first quarter since 2007. Surprisingly, with Park City real estate in strong demand, with total dollar volume just shy of $327…

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Will Our Dream Finally Come True?

For many of us in Park City, we have dreamed of the opportunity to ski and snowboard from Deer Valley to Park City to the Canyons. It would be amazing to have one ski pass to access all three of our resorts. Even if not connected, just the ability to have one shared pass and the choice of going to each of the resorts on any given day would be wonderful. We all have friends who each year make a choice of which single resort they will buy their season pass too. Often, we miss skiing with good friends because we have our pass at one resort, while they are at another. With the price of lift tickets, its rare to go buy a ticket at a ski resort for a day, when you already have a season pass at another.


Click on map to…

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Deer Valley Resort will play host to the 2014 U.S. Championships, the final freestyle event of the 2013-2014 season. Championship events will include mogul, aerial and dual mogul competitions. Two time Olympic medalist, Hannah Kearney will lead the moguls team along with 2010 medalist Bryon Wilson and brother, 2014 Olympian Brad Wilson. Two time Olympian Ashley Caldwell will lead the aerials team along with Olympian Mac Bohonnon who finished fifth in Sochi.
SCHEDULE OF EVENTS

Friday, March 28, 2014 - MOGUL COMPETITION

9:55 - 11 a.m.Ladies' Mogul Qualifications
12 - 1:35 p.m.Men's Mogul Qualifications
2:30 - 3 p.m.Ladies' Mogul Finals
3:05 - 3:35 p.m.Men's Mogul Finals

Saturday, March 29, 2014 - AERIAL COMPETITION

11 a.m. - 12 p.m.Ladies'…

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Ten new luxury ski-in / ski-out homes to be built at the base of the Town Lift Ski Plaza in Old Town Park City. There will only be ten units and they will sell quickly as such a sought after property. The building will feature underground parking, and a large rooftop deck with hot tub, outdoor lounge area, BBQ and stunning views. Inside this top level will be ski lockers and a ski-prep lounge, the ideal place to begin and end your ski day. The building will be connected to the Town Lift Ski Plaza and offers easy ski-in, ski-out access and easy foot access to all that Main Street has to offer.

We are proud to be the listing agents along with our friend Dusty Orrell for this amazing new property. Old Town has always been our favorite location and…

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Park City real estate in general is currently seeing a strong and healthy recovery. Sales activity is up for the 4th year in a row, and prices are moving back up as well. Of all the micro-markets of greater Park City, the community with the strongest gains is Park City's Old Town. Old Town has been a long time favorite location for both locals and for visitors. It's a highly unique area in that most properties are within an easy walk to popular historic Main Street and skiing at Park City Mountain Resort. As a much sought after community, we are now seeing a heightened level of activity as Old Town is being seen as one of the best places to own a home due to the year-round recreation it provides. The community also caters to all ages, and all members…

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How is the "The Market"? Well, that depends on which market you're talking about. 2013 was an incredible year for our long awaited real estate recovery. Below we take a look at what happened, and where the market is hot, and where it is not. For example, Park City's Old Town seems to be on fire, while Lower Deer Valley is still in decline.

 

Park City Real Estate Demand - Pending Sales

We love to look at the trends of pending sales, as it is a great indicator of what the buyers appetite is, and it's amazing to see the seasonality of our ski town market of Park City and Deer Valley. Looking at the chart above (Thanks to Rick Klein at Wells Fargo for these great charts!), you can easily see the trends of buying over the years. Starting from the…

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The new Stein Eriksen Residences provide the opportunity to own private, ski-in / ski-out homes and condos enhanced by the exclusive on-site amenities and Stein Eriksen Lodge's 5 star / 5-diamond service and management. This enclave consists of 16 distinct homes and 38 condominium residences with a sophisticated and contemporary style, and is located only one mile from the iconic Stein Eriksen Lodge just off Deer Valley's Last Chance ski run.

For more than thirty years the Stein Eriksen Lodge has set out and maintained a benchmark of unparalleled luxury and uncompromised service. Known throughout the world for its perfect blend of nature, amenities, and impeccable skiing, Deer Valley Resort® has been home to Steins and together they have created a…

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NEW CONSTRUCTION AT THE BASE OF TOWN LIFT ON MAIN STREET

At the intersection of the Historic Main Street and the Town Lift
lies the Heart and Soul of Park City Utah.

The last remaining parcel connected to the Town Lift Plaza will be going under construction this spring 2014. 820 Park Ave is an extremely rare and unique property as owners will enjoy the dining, shopping and nightlife of Park City's Main Street as well as the year-round recreation provided by the Town Lift to Park City Mountain Resort. This luxury condo building will feature a mountain-contemporary styling with the highest level of finish.

    

The building will be connected to the Town Lift Plaza so owners will walk right out their door to skiing and lift-serviced…

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The St. Regis Deer Valley is one of three pinnacle hotel real estate options in Park City, Utah. The other two are Stein Eriksen Lodges and The Montage. Each has its own unique aspects that truly sets these three properties apart from the other real estate offerings in Park City and Deer Valley. One of the most successful resort hotels in North America, the St. Regis Deer Valley has closed nearly $200,000,000 in sales since opening in December 2009. For buyers researching real estate in today's market, below is some helpful information on why to choose ownership at the St. Regis.

  • Ownership costs have been extremely stable. The HOA dues and property taxes have actually decreased since 2010.
  • Owners of units at St. Regis Deer Valley…

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