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April 2020 Park City Real Estate Market SnapshotThe weather in Park City is getting warmer, spring is definitely here and with Summit County lifting the stay at home order on May 1st, our local businesses are starting the processes of re-opening, while conforming with the new health guidelines. As we prepare for the summer, our local community continues to take advantage of all the open space, enjoying the endless hiking and biking trails and outdoor activities our beautiful mountain town has to offer.

As for the Park City Real Estate market in what has been an uncertain time to say the least - rather than rely on gut feelings and assumptions based on anecdotal stories, we are of the school of thought that opinions are best formed based on verified and unbiased statistics and real numbers

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Summit County New Stay at Home Guidelines May 1st

Summit County, Utah (April 30, 2020) — Effective at 12:01 a.m. Friday, May 1, Summit County officials will lift the current Stay At Home Order and the new Joint Public Health Order, 2020-05 (the Order), will go into effect. This new Order transitions Summit County to the Stabilization Phase of the COVID-19 response and lowers the current risk level in the county to Moderate.

“Due to the support and cooperation of our communities and the hard work of our healthcare services, we are ready to move to the next phase of our fight against COVID-19,” Summit County Health Director Dr. Rich Bullough said. “The public’s sacrifices made all the difference in flattening the curve, allowing us to lift the Stay At Home Order. As surges of the virus occur in

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Vail Epic Pass 2020/2021 Season

Given the unexpected and disappointing ending to the 2019 - 2020 ski season, Vail Resorts has announced updates to its season pass program for the 2020/2021 North American ski season, which includes providing credits to 2019/2020 season pass holders whose season was cut short by concerns over COVID-19. Season pass holders from last season are being offered credits, of up to 80%, to put towards a pass for next season. Pass holders will received a personalized email with the credit information by May 13th 2020.  Given that most people will need extra time to make any winter plans, the credit will be available through Monday September 7th, 2020.  

SEASON PASS HOLDERS

Season pass holders will receive a minimum credit of 20% of the price of their

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IRS Extends 1031 Exchange Deadlines Amid Covid-19 Crisis

According to the National Association of Realtors (NAR),the IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19.

1031 LIKE KIND EXCHANGES

 If an investor has taken the first step of a like-kind exchange by selling the old property, and either the 45-day or the 180-day deadline falls between April 1 and July 15, the deadline has been extended to July 15.

OPPORTUNITY ZONES

If an investor who sold a capital asset planned to roll over the gain into an

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In a show of gratitude toward the Deer Valley Season Pass holders and the Ikon Pass community in these uneasy and unprecedented times, Deer Valley will be offering renewal discounts and rolling over Local’s Only Pass credits and Ikon Pass will be doubling renewal discounts and extending the spring promotion for skiers and riders across the globe for winter 2020-2021. 

NEW DEER VALLEY PASS HOLDER BENEFITS

Increased Renewal Discount

Deer Valley 2019-2020 Season Pass holders are eligible for a 20% discount on the renewal of next year’s 2020-2021 pass that will be applied at your time of purchase. The 20% discount for renewal is only valid until October 14, 2020 when Deer Valley Season Passes also increase in price. Deer Valley Season Passes can

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Park City Restaurants Open For Curbside Pickup

The Park City community is known for it's tenacity and strength.  As we learn to live with this new post COVID-19 norm, it is even more important that we stick together and support our local businesses, whether through purchasing gift cards for later use or by ordering curbside given Summit County Health Department's new curbside only services.

Even through a number of our local restaurants have decided to temporarily close, many remain open and are ready to serve their loyal customer base through curbside pickups. The following local businesses are currently offering curbside deliveries.  Let's support them together!

  • 11 Hauz: Open for normal business hours.  (435) 200-8972.
  • 501 on Main is open for curbside pickup from 11 a.m. to
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The Summit County Health Department (SCHD) has approved Real Estate Related Services as an essential business in Summit County with the following conditions:

1. No open houses will be held while Public Health Order 2020-03 and the “Stay at Home” order is active 


2. Realtors, clients, or other related real estate services are to travel in separate vehicles to any real estate related service or transaction 


3. Real estate transactions should be conducted electronically whenever possible. In person transaction should be limited to property showings or activities that cannot otherwise be accomplished electronically. When in person meetings are necessary, such as showing a home, social distancing shall be observed. 


4. Real estate offices

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 WPR3 - White Pine Ranches Three : One-of-a-Kind Sanctuary with Private Ski Access to Tombstone Lift now offered at $14.75 Million (Furnished).   Call us to schedule a tour and to Ski, Play and Après from this ultra private, timeless, contemporary residence nestled in a 5.45 acre lot.  

WPR3 | SKI . PLAY . APRÈS from NCHEVRE REAL ESTATE on Vimeo.

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Waldorf Astoria Park City For Sale

Located on the amenity level with views of the pool deck, Canyons Ski Resort and the Orange Bubble Lift, this south facing, one bedroom residence, is a rare find. Newly remodeled with bespoke furnishings, new light fixtures, paint and carpet, this light and bright residence situated in one of the most desirable locations in the building, boasts 11 foot ceilings and an open floor plan with two full bathrooms, accommodating up to four guests.

Enjoy easy and direct access from this 5th floor residence to the upscale lobby and Waldorf Astoria Park City's ultimate full service luxury amenities including Powder Restaurant, the award winning Waldorf Spa and one of the most popular, top rated, year-round pool deck amenities in town. Located in North

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I am excited to be involved in the first resale at LIFT Park City, arguably the best Ski-In Ski-Out and Apres Ski location in the heart of the Upper Core area of Canyons Village.  With 59 of the 61 luxury, turnkey furnished residences SOLD, there are two fabulous developer opportunities and a handful of resale opportunities still available in the building.  With slope side outdoor amenities that include a large heated pool, two hot tubs, cabanas, fire pits and built in BBQs, and a location second to none, these timeless contemporary ski residences won't last. 

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