Park City Real Estate News

Current news and market updates for Park City real estate and Deer Valley real estate.  Updated often, a great resource to keep up to date on all happenings in real estate in the Park City and Deer Valley communities.

Found 118 blog entries about Park City Real Estate News.

Staging your home prior to listing

As the temperature in Park City heats up this month, so does the real estate buying and selling season. The luxury Park City real estate market is highly competitive and full of discerning buyers, so it’s important to maintain a leading edge by properly staging your home in advance of photographing and listing it. In many regards, a photographer is as good as his subject, and great photos of a tidy home can entice more buyers to visit it. While some buyers have the vision to look beyond the dated antler chandelier and bear sconces, your lime green entry way, and clutter in your home office, why not make it easier for them to appreciate the full potential of your home? From repainting and repairing, there are many things you can do to make your home

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Jeremy Ranch home

Spring has sprung! It’s time to dust off old man winter and do some spring cleaning along with some necessary spring maintenance on your home. Winters in Park City tend to be longer and harsher due to our altitude, so when the weather is right, make yourself a checklist to ensure you get them all knocked out and avoid any potential problems. With the selling season upon us, these items are especially important if you are planning on listing your home to sell.

1. Clean gutters and down spouts.
Gutters and down spouts tend to get cluttered with debris from trees and can cause leaks in places you may not even notice. Ensure that there are no loose points along the gutters as well.

2. Examine those roof shingles.  
If you are able to comfortably

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historic home in park city's old town neighborhood

Wow, another report of statistical real estate data showing some impressive numbers. It has continued to be a very busy selling season in the greater Park City area, and we just don't see any signs of a significant slowdown anytime soon. At the end of the first Quarter of 2019, in comparing year over year, we again see a slight decline in unit sales but an increase in price.

The entire Park City MLS, if we include all residential, fractional and commercial properties, saw 2,864 properties sell, compared to 2,686 for the prior 12 months. That is only a difference of 6% and is still a staggering amount of sales activity for this small (but growing) resort community. Even more impressive is the sheer volume of just over $2.5 Billion in closed sales.

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The 2018 year-end housing statistics for Summit & Wasatch Counties, as reported by the Park City Board of REALTORS®, revealed a diverse and mixed market. While there was a 7% decrease in the number of home sales, the Wasatch Back saw a 7% increase in median price.

Looking at the entire Park City MLS, for all product types, we have enjoyed a trend of upward momentum in units sales since the low in 2009. With eight years of increased activity, we now finally see a slight decline for the year end results of 2018. The 2001 through 2005 increase of activity was a much more dramatic increase in sales, and probably too much too fast. The last eight years we have had a steady increase, and possibly a healthier outcome for the real estate market. 

park city real estate statistics unit sales past decade

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The Goldener Hirsch

The Park City area is welcoming new residential ski resort developments, which is fantastic news for those interested in homeownership opportunities near the ski slopes. Many of them feature a wide array of amenities to be enjoyed year-round while offering luxurious residences. These developments are largely designed with vacation homeowners in mind, and they can provide nightly rental income for investors as well. Park City continues to grow in popularity for second homeowners as it offers relative value compared to other Western ski towns, unrivaled proximity to an international airport, and a vibrant town with abundant cultural and recreational opportunities.

Below, we have highlighted the newest developments in Park City, Deer Valley, and

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the pendry residences hotel at canyons village in park city

A spectacular luxury ski-in, lift-out resort, Pendry Park City will be the newest addition to Canyons Village at Park City Resort – one of the largest ski areas in the United States. This new development features three modern styled, amenity rich buildings planned to begin construction in early summer 2019.

Canyons Village has been evolving over the last couple years with major changes focused on hospitality and guest services. As part of a larger upper village master plan, Pendry Park City will be at the heart of the expanding base Village. With ski runs and lift access right out the door, this location is bound to become the social hub of Canyons Village. It will be conveniently located only 35 minutes from Salt Lake City International Airport.

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Rendering of Treasure Development in Park City Utah

The 2018 mid-term elections are over and although the national balance of power between the Republicans and Democrats was on the forefront of national news, in Park City the future of a large scale development was the talk of the town.

For nearly three decades there has been concern and uncertainty of a massive, large-scale development that would loom over Old Town and historic Main Street. Throughout the years, many of us doubted if the construction of this project was even financially feasible. With out-of-state developers recently coming into Park City and Deer Valley, equipped with deep pockets and strong financial backing, the possibility or even certainty of the land getting developed had become more of a reality.

On Tuesday, November 6th,

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 fall colors at deer valley resort

As we head into the winter, the big question lately has been - Are prices continuing to move up? Or are we seeing them level off, or even head back down? As local park city real estate experts, we focus most of our attention to properties within the city limits of Park City. But let us take a more expansive look and see what the statistical data reports for our entire MLS and then down to specific communities. Our review below includes data from the Park City Board of Realtors 2018 Q3 Statistical Report comparing the last 12 months, to the previous 12 months. Also known as a 12 month rolling - year over year report. Below is a quick visual chart that summarizes some of the major areas of the PCMLS.

 park city real estate statistics for Q3 2018

SINGLE FAMILY HOMES

The total PCMLS count

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This new custom homesite neighborhood exists at the heart of Promontory, bridging the two award-winning golf courses and earning its namesake from a favorite elk herd that frequents the ridge. These lots have big views of the Wasatch Back, golf, and even the Nicklaus Valley in some cases. Perfectly located in the center of the community. You can walk to the Beach House in 5-6 minutes, or a short walk to the Ranch Compound amenities (the Shed/Hearth/Ranch Clubhouse) in 6-8 minutes! Easy access in and out of the Equestrian gate in 2 minutes or less. These are large lots, all are well over an acre, with 25k square foot building pads. There are 17 lots total, and pricing ranges from $600k to $975k. 

If you are thinking the Promontory lifestyle might be for

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FANTASTIC AMENITIES

Enjoy this newly renovated, fully furnished Grand Summit unit. With this quarter share property, you will receive 13 weeks at this beautiful, highly amenitized resort. The fantastic amenities include 24-hour front desk, valet, heated swimming pool and hot tubs, business center, billiard room, day care center, restaurants, a full-service spa, fitness center, heated underground parking, shuttle service, ski valet and more. 

There is a beautiful and peaceful view overlooking the mountain & 18th hole of Canyons Golf Course. Also, located on the walk out level allowing direct access to plaza. The Grand Summit Hotel is located in the heart of Canyons Village at Park City Mountain Resort – one of the prime ski-in/ski-out

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