How is the Park City vacation rental market?  A Q & A with Jim Anderson at Park City Rental Properties.  

We have many clients that have invested in vacation rental property, throughout the Park City and Deer Valley areas.  These properties vary in location, size and age.  Some owners use the property extensively during the ski season, rent out their home or condo while their not using it to offset some costs.  Others use them less frequently, to maximize the rental revenue.

We do our best to ask our clients how their rental property is performing.  Were bookings up, down or the same during the past couple of years?  Did people book their trips early or wait until later in the season?  We’re hearing mostly that the past season was strong, especially…

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Park City area real estate market snapshot - April 2024

The Park City area real estate market picked up in February, March and April, following a similar pattern to the same time during 2023.  

Pending sales were up year over year in the first four months of 2024.  Some of the new projects around Deer Valley have contributed to pending sales:  the Pioche Condos, Sommet Blanc in Empire Pass, Marcella in East Village.  Below are pending sales, month by month, for all property types.

New listings has also increased year over year, in each of the month of 2024.  We typically see the most new listings in the spring and summer months. 

Total inventory of residential listings was 1398, up from the April of 2023, although still well below pre-pandemic…

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The Park City area real estate market was picked up in February, March and April, following a similar pattern to the same time during 2023.  
Pending sales were up year over year in the first four months of 2024.  Some of the new projects around Deer Valley have contributed to pending sales:  the Pioche Condos, Sommet Blanc in Empire Pass, Marcella in East Village.  Below are pending sales, month by month, for all property types.

New listings has also increased year over year, in each of the month of 2024.  We typically see the most new listings in the spring and summer months. 

Total inventory of residential listings was 1398, up from the April of 2023, although still well below pre-pandemic inventory levels.  

…

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It’s the beginning of May in Park City, and we’ve wrapped up another ski season.  We’re squarely in between ski season and the summer, the town is quieter; restaurants, shops, hotels and other businesses may be taking some time to deep clean, catch up on maintenance, or enjoy some time off. 

I’ve just finished an open house at a listing in the Ridgepoint community in Upper Deer Valley.  Ridgepoint sits at about 8000 feet above sea level, and there’s still plenty of snow on the ground. Some signs of spring are emerging, but it's quiet, and we’ll be waiting for at least six weeks for summer occupancy to pick up. 

My listing in the Ridgepoint community, and many others like it in the area, are used as short term vacation rentals, and are mostly…

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Founder's Place -  New, Luxury Deer Valley Condos Coming Soon

Founder's Place New Condos For Sale Deer Valley

The renowned luxury developer, East West Partners, will be bringing a new ski in/ski out project to Deer Crest in Deer Valley. Founders Place will be located just minutes from the Deer Crest gate, surrounded by mature trees and prime access to hiking and the slopes of Deer Valley Resort. Founders Place will be comprised of 3 buildings plus an amenities building, and will have a mountain modern aesthetic.  We expect East West to begin marketing the community in January of 2022, and while we can't be sure, prices are likely to begin around 2 million.  

Founders Place will feature two to four bedroom luxury residences and penthouses.   Set in a ski in, ski out location at the base of…

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Wohali is Utah's - and the Park City Area's - Newest Luxury Golf and Mountain Recreation Community.  


Wohali is a gated community, set into a dramatic canyon, just outside of the small Utah town of Coalville and Echo Reservoir.  Wohali is approximately 25 minutes from Park City, and about 40 minutes from Snowbasin.   The centerpiece of the amenities are the golf, clubhouses and onsite restaurants, however, the community also emphasizes it's abundant, outdoor four season recreation.  In addition to golf, there's guided backcountry snow cat skiing, tubing hill - complete with "magic carpet", hiking, mountain biking, climbing courses, fishing, snowmobiling, 4 X 4 adventures and much more, all on the community property.  

Wohali Golf Community Real Estate

The Wohali property…

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Coming Soon!

Argent - The Newest Luxury Condominium Building In Empire Pass

East West is a premiere developer of luxury resort property, with a successful track record of building some of our areas finest properties.  East West has released some information regarding Argent- their latest ski in, ski out condominium building in the exclusive Empire Pass Neighborhood of Deer Valley. Argent is designed to include abundant amenities within the building-  something that luxury ski property buyers expect.  Amenities and services are listed below, enhanced by direct ski access via the Silver Strike Chairlift - located directly in the heart of the Village at Empire Pass.  

Argent will offer 28 condominiums for sale... residences will be two to five…

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Buying or Selling real estate in Utah? What does “As is” mean?

I was speaking with a friend who is selling a property in another state, and the home is currently under contract with a buyer.  My friend told me that the home is part of an estate sale, and they sold the property in “As – is “condition.  Despite this, the buyer is asking a dollar credit, or reduction in price to address items in the home found during the inspection.  My friend was frustrated – she thought “As Is” meant “That’s it…we're done, take it or leave it.” 

While my friend’s sale is occurring in another state, I was able to explain that in Utah, approximately 10 years ago, the standard Real Estate Purchase Contract (REPC) was changed to include “As – Is” language.  This means,…

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Considering a condo in Upper Deer Valley or Empire Pass? 

There are a couple of new projects to choose from, and getting in early can pay off.

If you have been considering purchasing new development in Deer Valley, you need to realize two things. One, new development is nearing a close in Upper Deer Valley and Empire Pass and two, in order to take advantage of pricing, you need to get involved early.

The best way to address this is to look at the most recent buildings in both Upper Deer Valley and Empire Pass. Stein Eriksen Residences had 4 price increases from the release of the building/pre construction to the completion of the development. Goldener Hirsch is currently under construction in Upper Deer Valley and is already on their…

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Our first winter with solar panels in Park City.  What have we learned?

At this time of year, in the middle of winter, we feel especially fortunate to have a home in Park City that has a sunny exposure, facing directly to the south.  The south-facing exposure brings in sunlight, even during the shortest days of December and January.  Sun pours into the home, raising our spirits and easing the burden of our furnaces.

The sunny exposure also makes our home an ideal candidate for rooftop solar panels, and in our neighborhood, we have seen roof top solar systems become more common.  In the spring of 2018,  we had just replaced our roof, and decided to speak with local contractors that install solar panel systems.  We decided to proceed, and in June of…

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