Vail Resorts president and CEO Rob Katz announced Wednesday that the company had signed a long-term lease deal to operate the Canyons Ski Resort. Toronto-based Talisker Corp currently owns the ski resort and has leased the resort to Vail Resorts for 50 years, with an option for six 50-year extensions.
Vail Resorts’ Epic Pass will now include the Canyons Ski Resort in Park City, Utah.
The very popular Epic Pass offered by Vail Resorts affords it's passholders unlimited skiing and riding with no blackout dates at Vail, Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar, Kirkwood, Afton Alps, Mt. Brighton, Arapahoe Basin, Eldora, and now includes Canyons Resort in Utah. The Epic Pass will replace the Canyons
In a recent article on WSJ.com, the news is that the National Association of Realtors has recently said it is now becoming a Seller's Market for national real estate sales. The article goes on to say: "The number of homes listed for sale in January fell by 4.9%, leaving 1.74 million properties on the market. That’s the lowest since December of 1999, when there were 1.71 million homes on the market. By contrast, there were 2.91 million homes on the market two years ago at this time."
It was also added that: "The upshot is that there’s a growing pool of buyers chasing a shrinking supply of homes. If the trend holds, prices will keep going up. At the current pace of sales, it would take just 4.2 months to sell the current supply of homes available for
PRESS RELEASE - February 18, 2013 - Park City, Utah
Old Town, one of the most popular neighborhoods in the western ski resort community of Park City Utah, just had it's biggest sale for any residential single family home to date. Heather Peterson and Sean Matyja recently sold the famed "Tunnel Home" located at 503 Woodside Drive. The home was listed for sale with colleagues in their brokerage at Summit Sotheby's International Realty. The home was listed at $8,640,000 for approximately 8,300 finished square feet in size and includes 6 bedrooms and 8 bathrooms. Peterson and Matyja brought the buyer to the transaction and negotiated a selling price of $7,973,920.
Simply put, this was one of the most exceptional homes in Old Town, and in all of Park
The BIG Question is: "Have we passed the Bottom of the Real Estate Market?"
As Realtors in Park City, we get that question quite often. There is a lot of evidence that suggests that yes, it looks as though we have passed the bottom of the market. The next question to ask is: "Are we heading out of the bottom, and are we finally on our way back up?" So far, it does appear to be that way, but only time will truly tell. Just as when we were headed down to the bottom of the Park City real estate market, it was difficult to truly identify the bottom of the market until we were past it, and only then could we really measure and identify a true bottom of the real estate market in Park City, Utah.
If you follow our Park City Real Estate Blog then you will
Want to see more information on the five most amazing homes for sale in Deer Valley and Park City, Utah? Below is a list of the five most expensive listings in Park City, Utah. Not surprising, that they are all ski-in, ski-out locations which truly does sell at the highest price for this area. There simply is nothing better than owning a beautiful mountain luxury home, located adjacent to the ski run. If you are looking for the ultimate ski home for sale, one of these five homes may be the right fit for you!
$44,000,000 in Upper Deer Valley 12 Bedrooms - 16 Baths - 22,000 Square Feet Currently the most expensive property for sale in Park City and Deer Valley. This Deer Valley home is truly unique. The home is tucked away among tall pines providing
The Canyons Ski Resort in Park City, Utah is home to The Colony at White Pine Canyon, commonly referred to as "The Colony". There simply is nothing like The Colony anywhere. This is a private, gated community with numerous luxury ski homes. What makes it so unique here is that instead of packing in as many homes as possible in a small dense area, The Colony boasts having large and expansive estate lots that border numerous ski runs at The Canyons Resort. The lots can average at about 7 acres in size, with a mix of beautiful aspen and pine trees providing a quiet secluded setting. Many of the homesites also enjoy inspirational views of nearby mountain peaks. Each homesite can have up to three structures including a main home, a guest home, and a barn.
Old Town is one of the most popular choices for out-of-state buyers looking to purchase property in Park City and Deer Valley, Utah. Historic Main Street is the hub of recreation for both visitors and residents in Park City. Walk up and down this eclectic and historic street and you will find many retail and clothing stores, art galleries, real estate offices, coffee shops, casual and fine dining, and bars and private clubs (a Utah thing) offering a vibrant and energetic atmosphere not typically associated with the state of Utah (Utah gets made fun of quite often on TV!). This is the heart of the community, and therefore is one of the most sought after locations to live and own property.
Photo of Park City's Old Town and Park City Mountain Resort
September is probably the best month for mountain biking in Park City. As the start of the fall season, September is usually still warm, but no longer hot as in July or August. We often get a little rain to pack down the dusty trails and it gives the dirt have just the right amount of moisture for that perfect tacky texture. Also this time of year you'll see the colors starting to change and some beautiful pop of bright reds and oranges against a still very green backdrop. The days wil typically get up to about 80, and commonly will stay in the 70's. At night however, it does get cool, often down in to the 40's and 50's. October can be a mixed bag of weather, very nice or starting to snow, so September is really the best time to come out. Many of us have
Ever hear about the HGTV Dream home? You probably have. Well, the most recent HGTV 2012 Dream Home built was recently given away to a woman from the East Coast. She decided to take the cash, rather than relocate her family to Utah to live in the home. So this amazing home is now up for sale. This HGTV Dream Home is absolutely stunning, and is in a beautiful setting, along the river in the small, rural town of Midway, just 15 minutes from Park City and Deer Valley.
The 2012 HGTV Dream Home is a mountain ranch inspired home nestled in the Heber Valley of Utah. The home is designed to appeal to outdoors enthusiasts, with stunning mountain views, exceptional outdoor living areas with a grill and hot tub, riverfront access, and the amazing skiing and
Real Estate Market Updates, Upcoming Events, Mortgage Market Report, Featured Top Pick and Best Buy.
You'll hear this phrase often; "We came for the winters, but stayed for the Summers!" That is true for just about every resident of Park City. Summer here is truly amazing. If you have not spent much time here in Summer yet, you have got to give it a try, especially if you live somewhere hot, this is a great escape from the heat.
We are so excited to be back into Summer. Most of the snow has melted away, aside from a few random patches still remaining. The mountains are getting very green, the trails are in great condition, and the temperature is in its ideal range of upper 60's and 70's. The above photo of our dog, Brinkley, was taken only a couple
