Canyons Real Estate- Times Have Changed

      

Vail took over operation of the Canyons in May 2013, and immediately started adding improvements on the ski area, and in the base village.  Vail also acquired Park City Mountain Resort in September 2014, and has now connected the two ski areas, creating the largest ski area in the United States.  As a base area, The Canyons now has it’s own, stand alone identity- visitors and owners can have a complete vacation experience at the Canyons.   
When we moved to Park City in 1981, The Canyons was Parkwest.  Best case, Parkwest ski area was known locally for fewer crowds, and a more rustic experience.  To me, Parkwest mostly was a smaller mountain, old chairlifts, and low elevation terrain.  Parkwest briefly…

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Are building costs rising?  How much per square foot do people expect to spend on new construction?  

The Park City and Deer Valley real estate market has become more competitive for buyers in the last few years.  When faced with limited choices of existing homes, building a new home can sometimes be a good option.  As a Park City Realtor, my clients sometimes ask:  Is there more value in purchasing an existing home, or vacant lot and building a new home?  I am also asked about the approximate costs to build a home in Park City and Deer Valley.  

The decision making process is difficult- and even if, on paper, there appears to be value in building, there are certainly many other issues to consider.  I'm not a contractor, and when clients ask about…

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Looking for a contemporary mountain retreat in Park City or Deer Valley?  

Contemporary homes and condominiums have become extremely popular in Park City and Deer Valley during the past few years.  In both Park City and Deer Valley, homes and entire condominium projects are being built or remodeled in a contemporary style. 

The style seems to be emerging in every Park City and Deer Valley neighborhood and setting.   Contemporary residences with seem to be a natural fit in Ski in, ski out communities, that in the past, had been dominated by residences with a more western, mountain style.    Contemporary homes are now seen alongside traditional equestrian estates in the equestrian friendly communities along Old Ranch Road and Silver Creek. 

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Park City and Deer Valley Area 3rd Quarter 2015 Market Update.

Every Park City and Deer Valley neighborhood performs differently, and within those neighborhoods, certain property types are selling at a faster rate than others.   This is a snapshot of the broader Park City and Deer Valley real estate market.  If you’re curious about a specific Park City or Deer Valley area, please contact Quinn Eichner @ 435-640-1854 or use the Contact Us form to request additional information.

How is Park City real estate selling so far this year compared to the first three quarters of previous years?
The number of pending sales has risen over the same time in 2014.  Popular, new projects surrounding the Jordanelle, Newpark, and Deer Valley have helped push that…

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Real Estate Offer Process- Seller Disclosures

You’ve made an offer to purchase real estate in Park City or Deer Valley, and your offer was just accepted- great!  What’s next??? 

If you’re purchasing real estate in a Park City or Deer Valley community with a homeowners association, how do you review and verify homeowner’s association rules, documents, financial statements and other information?

With few exceptions, your offer was written on the standard, Utah State approved, Real Estate Purchase Contract (REPC).   The REPC includes the following language:

Now that the offer has been accepted by both Buyer and Seller, the Seller is obligated to provide the Seller Disclosure Documents (listed above) to the Buyer prior to the Seller Disclosure…

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Park City Real Estate- Ski In, Ski Out Property In Old Town

Some Park City visitors and residents enjoy being able to walk to Historic Main Street.  Others may choose a location closer to skiing.  The best of both worlds?  Real estate located in Park City's Old Town that is on Main Street (or very close) and is ski in, ski out.    

     

Park City’s Old Town is home to some of the area’s most premium real estate locations, positioned directly on Main Street or within east walking distance.  Some of Park City’s finest dining, shopping and night life are located among the historic, iconic Park City buildings.   Old Town is where much of Park City’s history is on display…where you can get a true sense of the character of the town, and be at the…

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Real Estate In Park City- Future Growth

The Park Record has just published their 2015 issue of Mile Post.  Included in the Mile Post are several interesting articles, statistics and projections regarding our community and surrounding areas throughout Summit County.

Real Estate values in Park City and surrounding neighborhoods have recovered greatly since the market downturn.  Real Estate prices in neighboring Wasatch County have also seen an increase.   Popular communities in Wasatch County – just a few minutes from Park City have driven prices higher – some of these projects were scrapped during the recession, and now the current owners/developers can’t put up units fast enough to meet demand. 

Real Estate markets are driven by supply and…

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Old Town Park City Real Estate-  The Parkite Luxury Loft Condominiums

  

The Parkite condominiums are newly constructed luxury residences, located directly on Main Street, in the heart of Old Town Park City.   

The Parkite is one of a few new projects located on or near Main Street.   Demand for high-end real estate in Old Town Park City has grown over the past couple of years, and the Parkite offers residences with the finest contemporary finishes and spacious outdoor living spaces- in the ultimate walk-to-everything location. 

There are a variety of floorplans available at the Parkite- some are two bedrooms on one level, other units offer two or more level, townhome style floorplans, with multiple family gathering spaces.   There are 15…

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Deer Vista- Phase Two Coming On The Market

Deer Vista is a gated community, located on the north-eastern side of the Jordanelle reservoir, approximately ten minutes from Park City, and thirty minutes from Salt Lake City. 

The neighborhoods and projects around the Jordanelle Reservoir have exploded in popularity during the past few years.  Real Estate prices in Park City have risen, and the surrounding the Jordanelle Reservoir- just outside of Park City and the Park City School District- are now seen appropriately as a great alternative and value.   Deer Vista’s successful launch- with Phase One selling out quickly- has highlighted the attention real estate in the area is receiving. 

Deer Vista is a community of 103 homesites.  The average…

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Park City Heights is one of Park City's newest subdivisions.  

Ivory Homes, Park City Height's developer and builder, has been busy with site prep for the last couple of years, and now the first few structures are out of the ground and going vertical.  

Park City Heights is located just across Kearns Boulevard from the Intermountain Health Care Hospital and the National Ability Center at Quinn's Junction, west of Highway 40, south of 248 (Kearns Boulevard) and south of Richardson Flats Road.  The Park City Heights neighborhood is located within Park City and the Park City School District.  

Residents of Park City Heights will have easy access to the Rail Trail, and amenities at Quinn's Junction.  In addtion to new hiking and biking trails,…

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