Real Estate Blog

Americans choose real estate as the best long term investment for the 8th year in a row.  Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history.  Given the high demand and increases in dollar volume sold and prices across all neighborhoods in Park City over the past year and in Q1 2021 in particular, this statement also applies to real estate in our neck of the woods.  Want to find out more about the booming Park City Real Estate Market?  Let's talk! 

Some Highlights

• For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans.
• Real estate has been gaining ground against

If you are itching to dust off those mountain bikes and hiking shoes, you wait is almost over! Deer Valley Resort will open its full-time summer operations beginning June 18 and running through Sept. 6, with three additional weekends after that on Fridays-Sundays through Sept. 26.  During the 2021 summer season the chairlifts will run 10 a.m. to 5 p.m. daily.

The outdoor enthusiast in you will find a myriad of activities to choose from.  If you're a mountain biker, Deer Valley Resort offers nearly 70 miles of mountain biking trails, including four flow trails designed by Gravity Logic. There are tons of thrilling biking trails accessed via three three chairlifts. Silver Lake Express chairlift at the base of the resort, Sterling Express located

The Sundance Film Festival has announced the dates for its 2022 edition, which will take place in-person and online in a hybrid format.

The festival will return to Park City, Utah, from January 20-30, 2022.

“We can’t wait to return to Park City, Salt Lake City — and beyond — for next year’s Sundance Film Festival,” the organization announced Thursday. “The 2022 Festival will take place in-person and online January 20-30. We are in the process of designing a safe and accessible Festival where our audiences and artists can come together to celebrate and discover new work, and each other. Mark your calendars and stay tuned: This summer we will have more details to help you craft your plan and arrange for any travel.”

Source: Variety.com

Great news for all winter enthusiasts! In an effort to work towards their goal of "Epic for Everyone" and honor current season pass holders, Vail Resort has announced reduction of ALL pass prices by 20% in the company's North American region. The Epic Local Pass is now available for $583 (down from $729 last season) and the full Epic Pass is priced at $783 (down from $979 last season).

Read More Here

This stunning Clive Bridgwater designed Colony ski home went under contract just one day after hitting the market with a quick close! Some homes have a truly unique story to tell and this was one of them!  Nothing is as rewarding as a happy seller and buyer at the end of a successful and win-win real estate transaction! Thank you Stefanie Wilcox for a successful collaboration!  

Your search for some of the best ski-in ski-out options in Park City Utah is over! From ski lockers to ski valets the Berkshire Hathaway HomeServices listings have the amenities to satisfy even the most particular of powder lovers. Click to view our newest publication, Ski Homes of Park City, Utah.  Whether you are looking in Park City Mountain Resort or Deer Valley Resort, we've got you covered! Call us for more information or a private showing at 760 238 0438.

Honored to be collaborating with Stefanie Wilcox on this amazing new ski-in, ski-out listing!  Perched high atop the Colony, Park City's premier ski-in ski-out, gated neighborhood, Slope6, an award winning, timeless Clive Bridgwater masterpiece enjoys sweeping Uinta Mountain, Loan Peak and ski run views. An ultra private, 7.08 acre home site, sets the tone for a thoughtfully conceived mountain getaway ideal for entertaining and intimate family gatherings.

The residence features a large and private master bedroom suite, a junior master suite, two functional bunk rooms with lofts and additional overflow spaces, designed to sleep up to 18 guests. A desired, sun filled, open floor plan featuring organic materials including wire brushed sapele

Source Park City Board of Realtors

Historically speaking, inventory levels for both residences and land across the Greater Park City Real Estate Market (Areas 1 to 23) have hovered around 2100 units through the ski season of  January - April ; peaking in the summer months of August to September to around 2300 units.  This year however, that trend was broken as inventory levels continued to fall, dropping to below 1800 units only five time in the past eight years and to 955 the lowest number of listings in the past 8 years; over 47% lower than the previous record. 

Source: Park City Board of Realtors 

The direction of our inventory over the last four months has been steeply downward (red line in top graph depicts 2020 inventory

Robert Redford is selling the Sundance Mountain Resort, the Provo Canyon ski destination the actor, filmmaker and environmental activist opened in 1969. Redford reached an agreement to sell the 2.600 acre resort to Broadreach Capital Partners and Cedar Capital Partners.  Redford announced the sale to employees on Friday.  Though the resort has been Redford’s Utah home for more than a half-century, it also “created a lot of weight for me to be carrying around,” he told The Salt Lake Tribune this week, ahead of Friday’s announcement. “I had been searching for years for the right people to take it to the next level, so that I could take that weight off my shoulders and enjoy my life.”

Philip “Flip” Maritz, managing director at Broadreach Capital

Perfectly oriented to capture unobstructed 360 degree mountain and down valley views while maximizing privacy, this timeless, fully automated Michael Upwall designed contemporary residence offered at $6.5 million takes your breath away. A desired open floor plan featuring organic materials, sets the tone for an intimate living experience where outdoor views of endless aspens and pines are welcomed in at every turn. No surprise that this contemporary gem went under contract with multiple offers only 4 days after hitting the market. It has been an honor to represent the sellers in the successful marketing and sale of their beautiful mountain sanctuary.

If you're looking to sell or buy in our highly segment market, contact us for a complimentary