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 133 blog entries about Park City Real Estate News.

St. Regis Deer Valley Snow Park Residences Living Room

NOW UNDER CONSTRUCTION IN THE SNOW PARK VILLAGE AT DEER VALLEY® RESORT

The Elegant Snow Park Residences at the St. Regis Deer Valley is located in the heart of the #1 ranked Deer Valley Ski Resort®. Since 2009, The St. Regis Deer Valley has brought the world class, highly acclaimed luxury hotel brand and amenities to Park City, Utah. Now, a select offering of 9 brand new, luxury Residences will enjoy the convenient Snow Park location, select private on-site amenities, and all the extraordinary benefits and services of the St. Regis Deer Valley.

ST. REGIS BRAND

What sets St. Regis apart is its rich heritage. From its creation in 1904 by John Jacob Astor, St. Regis was founded upon the tenants of tradition, innovation and luxury. Uncompromising

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Argent Deer Valley Exterior Rendering

East West Resorts has recently begun to release information on their upcoming new project in Deer Valley. Located next to Empire Residences in the Village at Empire Pass, Argent will feature an amenity rich building, with beautiful views, and direct ski access to the Silver Strike chairlift. Comprised of 28 residences, Argent's two, three and four bedroom family size homes range from 1,488 to 3,771 square feet. They capture stunning panoramas from Mt Baldy to the glistening Uinta Range with the night-lights of Main Street twinkling below.

The affluent Buyer Market has made a monumental shift away from buildings without amenities & services, and toward buildings that provide a lifestyle that extends well beyond just the Residence. Families that are

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Discovery Ridge single family home

Park City is the best town ever. No really, it was literally voted “Best Town Ever” by Outside Magazine readers in 2013. Park City continues to be both an optimal hometown and vacation destination because we’ve never sacrificed the natural beauty of our surroundings. This will continue to be the case for Discovery Ridge, a new, 72-acre residential development.

Perched near the border of Salt Lake and Summit Counties, the new mountain homes will be no more than 15 minutes away from both Salt Lake City and Old Town Park City. Protecting the landscape while enjoying natural surroundings remains a top priority for Discovery Ridge. Its future residents will have access to all the extraordinary experiences that make Park City the absolute best mountain

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SkyRidge on the Jordanelle

Water and mountain views are a rare combination in the high mountain desert of Park City, so it’s no wonder luxury home communities are becoming highly coveted in the Jordanelle Reservoir area. Proximity to Park City coupled with dramatic views of the expansive body of water, Deer Valley ski slopes and Mount Timpanogos make this Wasatch County region a hit among homebuyers. New communities have been popping up in the past decade that appeal to both second homeowners and primary residents. The robust 40-year development plan for the Mayflower side of Deer Valley will establish a top tier ski resort base area to which all of these communities will enjoy easy access.

SkyRidge, located on the northwest shore of the Jordanelle Reservoir, is one of these

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Victory Ranch cabin exterior

Owning a vacation home can be one of life’s greatest pleasures, especially in a year-round resort paradise like Park City, Utah. It can also require a considerable amount of maintenance and expense, which not everyone has the time or desire to manage. This is precisely why the private residence club concept was created. It’s a form of fractional ownership that rewards owners with the joys of a second home in a luxurious, carefree manner. On the outskirts of Park City, those who love the mountain lifestyle can enjoy private residence club living at Victory Ranch, a luxurious private community in Kamas, Utah. The Residence Club at Victory Ranch features 16 modern mountain cabins along a pristine, private stretch of the Provo River. The cabins also take

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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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