Park City Real Estate News|BestSkiProperty.com Blog

A lot of our clients like to track our weather from wherever they live, and I don’t blame them – I used to do it myself before I lived here.  He’s how I follow storms and what to look for in weather.  Things can be different here in the mountains, so here some things I’ve observed living here. As with all weather, storm prediction is kind of a crapshoot; a great forecast can fizzle out and a weak forecast can strike gold. But these sites at least put some parameters around our hopes and expectations.

There are a lot of choices for information, but my go-to source is OpenSnow Utah, written by Evan Thayer. He offers a concise daily forecast that can be a bit technical, but is worth the effort. The website has a lot of information like 10-day outlook

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Many of our clients are interested in buying Park City real estate as an investment. These properties fall into two main categories: long term tenants and nightly (vacation) rentals. For nightly rentals, my rule of thumb is that if you pay cash and don’t use it yourself, after expenses a typical return on investment in Park City is about 2%. I’ve found this figure to be remarkably consistent across a broad range of properties, from fractional ownership at the Grand Summit in Canyons Village to luxury condos in Empire Pass at Deer Valley. With limited owner use, this is often enough to defray your carrying costs. You may do a bit better with a full-time rental property, but of course you wouldn’t be able to use it yourself.

As an investment

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New Listing: Single Family Home near Park City with Amazing Views

12529 N. Deer Mountain Blvd Heber City Utah 84036

5 bedroom 3 Bathroom 4250 square feet

$929,000

I just listed this newer construction spacious home located in the Deer Mountain neighborhood which is just a short drive to downtown Park City. This home offers amazing unobstructed views of the Deer Valley ski area and Jordanelle Reservoir.  There is a main level master bedroom suite.  The Seller also recently added a heated driveway and walkway that can be controlled with wifi.  

Park City Ski Homes for Sale

Enjoy your evenings on the large covered deck.  

Park City Homes for Sale

Modern Kitchen and Open Floor Plan

Park City Real Estate

This home is perfect for those that have large gatherings.  There is a large family room on the

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Overall, sales prices are up about 10% in 2015 over 2014 and price per square foot is up 7%.  There are basically no more bank-owned or short sales available, and if one exists there is a likely a serious problem with the property that makes it unmarketable.  We see demand from all types of buyers – primary homes, second homes, and investors for both long-term and short-term rental properties.  There are new developments both under construction and in the works in most categories – primary homes, condos, and second homes and condos at the resorts, in private communities, and in Old Town. In Old Town in particular, many historic homes are being underpinned to add square footage and modern features while preserving the historic exterior.

The numbers

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New Listing: Park City Condo for Sale on Main Street

693 Main Street #2B Park City, Utah 84060   MLS#11603342

2 Bedroom 2 Bathroom

$975,000

 

Park City Condo for Sale

I just listed a cute 2 Bedroom 2 Bathroom condo located in a premium location on Main Street in Park City Utah.  Enjoy The best of both worlds with a short walk to the Park City Town Lift and the many wonderful restaurants, bars and shops on Main Street.  A great spot to enjoy easy ski access during the day and a fun nightlife in the evenings. 

Park City Ski Condos for Sale

This cute ski condo for sale has been recently updated.  Furnishings are included so its turnkey and ready for you to enjoy.  There is underground parking for one vehicle as well as a storage unit for your bikes and skis. 

Park City Real Estate

Click Here for more

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Good question, and there are several answers!  There is Old Town, Park City proper, the Park City school district, those areas with a Park City mailing address, and the Park City “area”.  People within each of these areas often consider themselves to live “in Park City” (me included!) though some people may disagree what areas should be counted as being within Park City. 

When many people think of Park City, they think of the old mining town area of Old Town and also the ski resorts. Others think of “Park City proper”, the incorporated city in Summit County, Utah , that has about 8,000 year-round residents.  It is comprised of the area ranging from Deer Valley to the south, Park City resort to the west, the McPolin Farm White Barn and Park

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It’s a great time to visit Park City and Deer Valley resorts from now until they close for the season on April 10, 2016.  Now that we’re past the Daylight Savings Time change, the sun sets after 7:30pm and so you can have to best of both worlds of ski season and shoulder season – ski all day, and still have time to check out properties for sale!

Even if where you live the snow may have melted and flowers have started blooming, there’s still plenty of great skiing here in Park City.  Spring is coming here too, but not so quickly.  As we transition into April, crowds start to die down and it’s easier to find lodging.  And since lodging is easier to find, nightly rental properties are easier to get into to view as well.

When it comes to the quality

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Do you think issues such as development, affordable housing, and traffic are the hottest topics in town?  Think again -- the hottest topic is when and where dogs can go off-leash.  Dogs must be leashed at all times in both Park City and Summit County except in designated dog parks, but those laws were routinely ignored by many who want a large area for their dogs to run around. There have been some unfortunate incidents of off-leash dogs attacking people, other pets, or wildlife and this has galvanized both the off-leash and on-leash sides of the discussion.

Park City Council recently changed course and allowed off-leash dogs in two areas where dog owners had often let their dogs run off-leash anyway: the grassy area near the library on Park Ave. and

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The New Apex Residences a Ski in Ski out Development at Canyons Village in Park City Utah

The first phase for the Apex Residences at Canyons Village has been released. Buyers can put in their reservation on a residence starting January 15th 2016. The reservation requires a $25,000 refundable reservation deposit.  The residences will be true ski in ski out properties in the Canyons Village area of Park City Resort.  

Apex Residences Park City Real Estate

What's great about this development is the offering of larger sized residences.  I find many buyers struggle to find 4 and 5 bedroom ski in ski out condos and townhomes.  Apex Residences will have 3 bedroom, 4 bedroom and 5 bedroom floor plans.  They range in size from 2087 to 3789 square feet.  The initial pricing for the 1st phase

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Yes!

Although our laws have some quirks, you definitely can walk right into a bar and say, "I'd like a Maker's Mark on the rocks, please" and that's what you'll get. Glass of wine with dinner? No problem. Beer with lunch on the slopes? Sure thing. If you want a particular mixed drink, my suggestion is to just ask your bartender or server what they can do for you.  They know what can and can't be done under the law.  It can get complicated; I'll try to summarize what you need to know and skim over the rest. If you want to know more, don't hestitate to reach out to us in comments, email, or give us a call!


Flight of sake at Shabu on Main Street

This is one of the most common questions we get about visiting and living in Park City. We understand the

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