FINALLY!!! We just received about 4 feet of snow at all of our Park City, and northern Utah ski resorts. Its been a long wait, but better late than never!

The image below is from the KSL news broadcast showing the big snow totals from the storm. Powder Mountain and Snowbasin are about 50 minutes to the north. Alta is over by Snowbird in Little Cottonwood Canyon and only about 50 minutes away from Park City. They did not show Deer Valley or Park City on this list, but I did see a report showing Park City at 41 inches so far, and I had heard Deer Valley had a little more than Park City resort. I was up on McConkeys lift at Park City resort yesterday and there was an easy 2 feet of fresh on top of about a new 2 foot soft base. Many turns were bottomless,…

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The snow has finally come, over 2 feet of it last night, and we had an amazing weekend of beautiful powder runs, with nobody here! Sundance is a great time to have the big storms come in as most of the Sundance crowd does not ski or snowboard. Its a great time for all of us Park City realtors to take a break from showing property and get some great runs in. Perfect that this Sundance weekend we got dumped on! There was well over 2 feet of fresh snow on McConkeys lift at Park City Mountain Resort, and I was there for first tracks. Once I headed down to go back to my Sotheby's real estate office, I passed the usual Silver Queen run to get down and found more great powder on the side of the groomed runs. For sure was an epic day, and so glad to see the snow…

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Recently, I had a client ask about our amounts of listed inventory for sale in the Park City real estate market. He stated that "I was reading there are well over 3 years of unsold inventory for 2 million plus homes in Park City?" I was not exactly sure on that statistic as actual fact, nor could I quickly or confidently dispute it. Nor should I without having the data to verify the information. So, I took some time to pull up the real data (a.k.a. FACTS) and compiled the information below. This study produced interesting facts, but more so it showed just how misinformed many of our educated real estate buyers are.

I found it quite interesting that he was thinking we had over 3 years of inventory for homes over $2 million, when in reality it was less than…

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Great news! Looks like the snow is on its way!

We have had a very slow start this year in the Rocky Mountain West, but finally we are expectig some real snow. Now not all has been bad, the resorts have made an incredible amount of snow, so we have a great base, and conditions have been decent. For the kids riding the halpipe and terrain park, this has been an amazing year as every day has been blue skies and sunny weather. The groomers have been quite nice, but starting to get a bit icy. This new snow will be a game changer!

See below what the National Weather Service forecast has to say:

A WINTER STORM WATCH REMAINS IN EFFECT FROM WEDNESDAY AFTERNOON THROUGH FRIDAY AFTERNOON.

* AFFECTED AREA: THE WASATCH MOUNTAIN RANGE.

* SNOW ACCUMULATIONS: STORM…

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Skiing conditions are much better than you might think!

This sure has been a tough start for the year for all the western US ski resorts. We have been experiencing one of the slowest starts to the winter season that any of us can remember. It is especially in sharp contrast to what we enjoyed last year as one of our biggest snow years ever. If you were in Utah last year you know what I am talking about!

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Normally by this time of the winter we have already had quite a few epic powder days, but this year has not been like that. We have had enough snow to be open, and with snow making capabilities the resorts have been able to get many runs open. Deer Valley and Park City have impressive abilities to create snow when mother nature does not deliver. You…

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A VERY unique aspect of the Park City Ski Resorts is the fact that you can fly into the Salt Lake City International Airport in the morning, and be skiing the same day!

It's true, it's easy, and we are probably one of the only places in the country where that is the case. To prove our point, the Park City Chamber of Commerce has an amazing program to present to you.

The Park City Quick START (Ski Today and Ride Today) Vacation lets you convert your airline boarding pass into a same-day lift ticket to the Park City resort of your choice. It’s your chance to get a free same-day lift ticket at Canyons Resort, Park City Mountain Resort or Deer Valley Resort. You’ll discover the three world-class resorts and endless possibilities, not to mention the…

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In a continuing effort to meet the desires of both buyers and guests, the developers of St. Regis have created an elegant and inviting Executive Condominium Suite. The original 1920 square foot floor plan included three bedroom suites, powder room and standard parlor, kitchen and semi-formal dining. The newly completed condominium has been re-configured into an oversized gracious living room, expanded dining area, kitchen and foyer, reminiscent of the St. Regis Deer Valley's spacious and exclusive Residences on the top four floors. The living room features include chestnut hardwood flooring, oversized stone fireplace, built-in cabinetry and double sets of sliding glass doors opening onto exterior patios or balconies. In addition, there are two large…

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Real Estate Update for the Waldorf Astoria Park City and Canyons Ski Resort

Pricing at the Waldorf Astoria has seen downwardly adjusted List Pricing by about 20% from Average of $970 price per square foot to $775 price per square foot. (Low of $716psf and High of $823psf) Along with developer product there are currently 3 Re-Sales Available - A 1 bedroom and Two 2 Bedrooms) A BONUS of Two Ski Passes to Canyons for first Three Years of Ownership.

Waldorf Astoria Hotel Improvements for 2011 (fully funded by Talisker – Estimated Cost at $2million): NEW Restaurant ‘CRAVE’ Espresso Bar and Deli. NEW Gift Shop ‘Palette’ offers Luxury Clothing, Ski Gear, Gifts and Sundries. NEW Après Ski Bar ‘Scoop’ serves Hot Drinks (alcoholic and non-alcoholic), House made…

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INFO THAT HITS US WHERE WE LIVE...The housing recovery may be proceeding slowly, but things are definitely not at a standstill. Earlier this year, an industry rent vs. buy index found it is more affordable to buy than rent a two-bedroom home in 72% of America's 50 biggest cities. In fact, renting was less expensive than buying only in New York, Kansas City, San Francisco and Seattle. And in 10 of the cities where renting was relatively affordable versus ownership, people felt buying may still be a financially sound long-term decision.

A recent consumer study showed people are getting the message. With home prices now at such affordable levels, 62% of those surveyed said buying in today's market is a good investment over the next 10 years. The most popular…

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For the 2nd year in a row, Utah Tops Forbes list for "Best State for Business and Careers". This was their sixth annual look at the business climate of the 50 US States. Utah was the only state to rank among the top 15 states in each of the six main categories they rate states on. No one can match Utah's consistent performance.

They talked about Utah's highlights of energy costs at 31% below the national average, and employment growth that has averaged 0.6% the last five years, vs the national average of negative 0.6%.

Businesses are taking notice. Proctor & Gamble, ITT, Home Depot, and Boeing all announced expansions in Utah. The Goldman Sachs office in Salt lake City is the second largest in America, with more expansion planned over the next 4 years. Tech…

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