Real Estate Blog

August 21st, 2017 | Deer Valley Resorts to be acquired by newly formed resort company and joined with Intrawest, Mammoth Resorts and Squaw Valley Ski Holdings.  The newly formed entity controlled by affiliates of KSL Capital Partners, LLC and Henry Crown and Company that in July joined Intrawest Resorts Holdings, Inc., Mammoth Resorts and Squaw Valley Ski Holdings today announced, with Deer Valley Resort, that they have entered into a definitive agreement for the newly formed entity to acquire Deer Valley Resort.  Financial terms of the transaction were not disclosed.  The transaction is subject to certain closing conditions and is anticipated to close prior to the upcoming 2017-18 ski season.

“Deer Valley Resort is one of the preeminent mountain

The Park City Kimball Arts Festival takes place on Historic Main Street and serves as the primary fundraiser for the Kimball Art Center each year. Proceeds from the Festival enable the Kimball Art Center to provide, free of charge, year-round art exhibitions, gallery tours, Art Talks and to offer art education outreach to teachers, students and our community. 

Now in it’s 48th year, the Kimball Arts Festival is the largest fundraiser of the year for Kimball Art Center and they work diligently to bring you a full weekend of activities! Every dollar received from admission goes to keep the exhibitions and education programs at Kimball Art Center free to the public all year. In 2017, the Kimball Art Center jury hand-picked over 220 artists, 60 of

It's not every day that you get to boast about living in the coolest city on earth! As if Park City isn't an incredible place to live in to begin with; now we can add e-bike sharing to one of many other firsts!  On Wednesday July 19th, 2017, Park City celebrated the launch of the nation's first fully electric bike share program.  “We want to thank all the people who worked on this and acknowledge the voters who have consistently demonstrated their desire for more environmentally friendly options," said Carolyn Rodriquez Summit County's Transportation Planning Director who spearheaded the effort.  

So what is an e-bike you ask? Unlike a traditional bike, e-bikes makes biking easier on Park City's hilly terrain, by providing an electric pedal assist

Read about the Wasatch Back Market in the comprehensive overview our brokerage Berkshire Hathaway Home Services puts together every quarter.  Click on the picture above for a link to the Q2 2017 Report. This comprehensive mid year report provides you with an overview of the activities in the Summit and Wasatch County real estate.  Our market is extremely segmented. Each neighborhood differs significantly in terms of price, home type, features and amenities.

The Berkshire Hathaway Home Services Predictions: Expect additional new developments to come to market in the 2017/2018 time frame in the Jordanelle, Heber and Canyons areas.  Inventory will remain low in many areas, particularly in the Park City Proper residential neighborhoods.  While we

PARK CITY, UT (July 7, 2017) – Park City Mayor Jack Thomas and City Council announced today a major new initiative to solidify Park City’s rich history of arts and culture. On July 13 and 20, the Park City Council will consider approval of a purchase agreement for a 5.25-acre parcel in the City’s Bonanza Park neighborhood for $19.5 million to form the City’s first-ever Arts & Culture District, with Sundance Institute and the Kimball Art Center as anchor partners. Park City plans to impose a one-percent transient room (lodging) tax to pay for the initial land purchase and development of the site. Sundance Institute and the Kimball Art Center have signed letters of intent to purchase land in the new district from the City and will participate in a joint

Enjoy a full day of activities, including pancake breakfast at City Park beginning at 7 am, Cole Sport 5k Fun Run - preregistration required at http://www.runnercard.com/roadrace/public/raceGroup/976079, parade down Main St. at 11 am, kids' activities, rugby games, volleyball tournament, live music and refreshments at noon at City Park. At Park City Mountain Base area, enjoy family fun, live music and barbeque at 3 pm and fireworks at dusk.

Join the community celebration with local activities on Historic Main Street, City Park and Park City Mountain Resort Base. The map below will help you plan during the festivities.  Text PCEVENTS to 888777 for real-time event impact and transportation information. You can also email specialevents@parkcity.org or

Each June Parkites, foodies and food critics alike join Park City's longest dining table during Savor the Summit's - The Grande Table event. On June 17th, 2017, one long dinner table will once again grace the length of Main Street, allowing over 1500 diners to join in celebration of fabulous food, outdoor dining, live music, and summer in the mountains.

If you are new to Park City and haven't attended Savor the Summit, make sure you click on the picture below for a list of participating restaurants to call for buying tickets to join the table of your favorite restaurant in town. This one is one of my favorite Park City Summer events and a MUST experience that you're sure to remember and enjoy each year!

STATE OF OUR MARKET

According to the Park City Board of Realtors, the number of closed sales for the first quarter of 2017 in Summit and Wasatch Counties was the highest we’ve seen since 2007 – up 20% over 2016. Q1 also saw the highest number of pended sales on record. In addition, there was a 26% increase over the previous year in total dollar volume. Growth continued to morph, and expand, encompassing outlying communities in the Wasatch Back as the entire market area was pushed to new peak levels.

SINGLE FAMILY HOMES | QUICK MARKET TAKEAWAY

Micro-markets developed and shifted as low inventory affected the activity in certain neighborhoods. The median price surged upward where the supply was limited, and conversely, the number of sales

Congratulations to the new homeowners of Enclave Residence 30 the last stand-alone Phase II Tree Residence. This spectacular 5 bedroom, 8 bathroom, 6,025 square foot town home features floor to ceiling windows that break down the barriers between interior and exterior space.  Nestled in aspens and pines, Residence 30 boasts organic materials including stone, steel accents, wood siding and grass roof accents that allow for perfect harmony with the natural surroundings. The new home owners will enjoy a main level, open great room floor plan with a dramatic floor to ceiling stone fire place surrounded by walls of glass bringing the exterior within.

With only one 4 bedroom Tree Residence being delivered in 2017 and a handful left for delivery in 2018,

Congratulation to the proud homeowners of Enclave Tree Residence 29, a contemporary town home nestled in pines and aspens at the base of a beautiful canyon, adjacent to Canyons Ski Resort. Enclave Tree Residence 29, one of the last three bedroom residences in Phase II features an open great room floor plan with a dramatic floor to ceiling stone fireplace surrounded by walls of glass and stunning canyon views. The ultra private master suite, located on the upper level, has a fireplace & a lavish bath with tub and shower. The lower level features an inviting family room with fireplace and wet bar, two guest suites with en-suite baths, an office/flex room and spacious laundry room and a large utility room ideal for storage.

Enclave is a community of