Park City Information and Real Estate News

Park City May Events

By Berkshire Hathaway HomeServices Utah Properties
Apr 28, 2016

FOR TRAVEL -- Summer Winter Mountains -- Park City, UT -- Homestead Crater CREDIT: Re Wikstrom with Park City Yoga Adventures FOR TRAVEL -- Summer Winter Mountains -- Park City, UT -- Homestead Crater CREDIT: Re Wikstrom with Park City Yoga Adventures

All Month Ritual Chocolate Factory Tours

All Month Geothermal Standup Paddleboard Yoga in the Homestead Crater

All Month Park City Film Series

5/1 Egyptian Theatre Park City Follies

5/5 Peace House Annual Spring Luncheon

5/11 Summit Land Conservancy 2016 Breakfast

5/13-5/14 Egyptian YouTheatre presents Junie B. Jones

5/20-5/22 Egyptian Theatre presents Peter Yarrow

5/20-5/21 Heber Valley Horse Sale, Rodeo, and Tack Auction

5/26 Latino Art Festival

5/27 Park City Gallery Stroll

5/28 Wasatch 360 MTB race

US Resorts by the Numbers

By Berkshire Hathaway HomeServices Utah Properties
Mar 25, 2016

 

In which we provide, for your own edification and enjoyment, the latest data related to select U.S. resort markets ...

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Palm Desert, CA

  • Average Sales Price: $458,774
  • Median Sales Price: $357,042
  • % Change Median Sales Price from 2014 to 2015: -2.3%
Palm Springs, CA
  • Average Sales Price: $611,209
  • Median Sales Price: $523,291
  • % Change Median Sales Price from 2014 to 2015: 4.0%
Big Sky, MT
  • Average Sales Price: $1,067,952
  • Median Sales Price: $622,000
  • % Change Median Sales Price from 2014 to 2015: -4.4%
Bozeman, MT
  • Average Sales Price: $454,433
  • Median Sales Price: $362,000
  • % Change Median Sales Price from 2014 to 2015: 11.4%
Aspen, CO
  • Average Sales Price: $3,313,930
  • Median Sales Price: $1,500,000
  • % Change Median Sales Price from 2014 to 2015: 1%
Vail, CO
  • Average Sales Price: $1,083,724
  • Media Sales Price: $585,000
  • % Change Median Sales Price from 2014 to 2015: 4.5%
Park City, UT
  • Average Sales Price: $2,200.000
  • Median Sales Price: $1,500,000
  • % Change Median Sales Price from 2014 to 2015: 17%
*All information pertains to 2015 single family attached and detached properties and was provided by the California Desert Association of REALTORS® and Desert Area MLS, Gallatin Association of REALTORS/Southwest Montana MLS, Aspen Board of REALTORS® MLS, Park City Board of REALTORS® MLS and Berkshire Hathaway HomeServices Colorado Properties 2015 Vail Valley Market Trend Report.

3rd Home - Travel Club for Luxury Second Homeowners

By Berkshire Hathaway HomeServices Utah Properties
Mar 16, 2016

We are thrilled to announce our EXCLUSIVE relationship with 3rd Home.

Local Business Love: White Pine Touring

By Berkshire Hathaway HomeServices Utah Properties
Mar 03, 2016

White Pine Touring is a staple provider of Park City reacreationalists. From Backcountry ski set-ups, to fat tire bikes, skate ski gear, helmets, alpine boots, mittens, backpacks, and all things merino wool, this locally-owned gearage has you covered.

Beyond gear, White Pine maintains a beautiful skate and cross-country ski track on the Park City golf course that offers lessons and rentals for first timers. Additional offerings include guided snowshoeing, ski touring, avalanche safety classes, rock climbing, etc... If you're looking to expand your adventure horizons and find news ways to play in the mountains, you should probably stop by...get your skis tuned while you're at it.

WHITE PINE TOURING - 1790 BONANZA DRIVE, PARK CITY, UT 84060     •      PHONE 435.649.8710

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Park City Compared | Western Resorts

By Berkshire Hathaway HomeServices Utah Properties
Sep 01, 2015

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Every quarter the Western Mountain Resort Alliance compares several of the leading western resort town real estate markets. Based on these numbers, the resort market in general looks very strong. Across the board, statistical evidence suggests that resort markets are healthy with measured, steady growth.

One of the more surprising figures to arise in the Second Quarter report was the extent to which Park City leads other comparative markets in terms of sold volume. Total volume sold this quarter in Park City amounted to $461 million. For comparison, Tahoe reported the next highest sold volume with $386 million, and Teton (Jackson) reported $190 million. Our market remains segmented, but there's no doubt that inventory is moving.

On the other hand, our single family median and average sales prices are right in the middle of numbers reported by other towns. Our median single family home sales price of $775,000 sits below that of Whistler ($1.4 million), Teton ($1.2 million), and Big Sky ($873,000) but above that of Steamboat ($478,000), Tahoe ($548,000), and Sun Valley ($449,000).  This suggests that our pricing is stable and reasonable when compared to other resort marketplaces.

Western Resorts Experience Strong Summers

By Berkshire Hathaway HomeServices Utah Properties
Aug 14, 2015

 

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SAM Magazine—Denver, Colo., July 21, 2015—Summer revenues among lodging properties at 19 mountain destinations in six mountain states are up 12.5 percent over last year, while future reservations are up 6.8 percent. The figures, compiled by DestiMetrics, are based on occupancy and bookings for the six months from May through October.

Ralf Garrison, director of DestiMetrics, highlighted that revenues for June alone were up 8.1 percent and occupancy was up 4.8 percent compared to June 2014. “Bookings made in June for the remainder of the summer remained strong, and 74 percent of last summer’s entire business has already been realized or booked,” he added.

Within the West region, Rocky Mountain resorts posted a 12.9 percent gain in revenue while resorts in the Far West posted an 11 percent gain. Occupancy was up 6.2 and 10 percent, respectively.

“We’re continuing to see gains in most metrics in all the summer months, and we anticipate a continuation of current trends. It’s likely that this summer will be another one for the record books in many mountain resort communities,” Garrison said.

Tom Foley, operations director for DestiMetrics, said that the recent decline of the Euro and Canadian dollar does not appear to be having a direct impact on mountain travel.

One Park City - Vail Update

By Berkshire Hathaway HomeServices Utah Properties
Jul 30, 2015

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In true Park City fashion, the entire town seemed in attendance at Legacy Lodge for Vail Resort's announcement of One Park City, its new brand and resort launch. After the intro video, Vail's Chief Operating Officer and Chief Marketing Officer spoke about the new brand and Vail's progress-to-date on its $50 Million improvement plan.

The biggest takeaway: the largest resort in America is now operating right here in Park City. After $50 million in capital improvements, which will be completed in time for opening this winter, mountain visitors will have access to 7,300 acres of ski terrain, 17 peaks, and a resort that extends 6.5 miles in length.

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The new Quicksilver gondola is proceeding on schedule and will be operational for the 2015-2016 season. Vail Resorts settled on the name "Quicksilver" because it denotes Park City's mining history and the speed of the 8-person, state of the art conveyance, which transports riders from the base of Silverlode to the Flatiron Lift via Pinecone Ridge in just 8 minutes.

Miner's Camp Rest

The restaurant formerly known as Snow Hut, has been re-named Miners Camp and will seat 500. Additional improvements and expansions will be made to Red Pine Lodge (capacity will be expanded by 250 seats), Summit House, and Legacy Lodge. Snow making has been added to Iron Mountain and near the gondola.

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The new resort will operate under the sole name, Park City. The logo was re-purposed from Canyons Resort and has the tagline, "There is only one. Park City."

 

 

 
 
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