Park City Real Estate

There are currently 79 blog entries related to this category.

 

 October in Park City, what a difference a couple weeks makes! 

I've been meaning to write an update in market conditions for some time, but the answer today is the same as it's been for a few years. Prices continue to steadily rise, inventory is still low. Most values have exceeding their pre-recession highs, but some have not with differing conditions in different developments. Modern finishes continue to command a premium, and there continues to be a considerable amount of new construction. 

 Construction continues in Upper Deer Valley and Empire Pass with Goldener Hirsch Residences coming along and Empire Residences has started committing to purchase contracts. One Empire Pass is now complete and is spectacular with very few units left. At

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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: 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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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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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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It's finally here!  In addition to access, the gondola provides new spectacular views of the region.  Looking back toward the Park City side, you see the King Con runs in the foreground and the Uinta mountains in the background.

Now if you start at the Park City side, you can easily take a couple runs on the Canyons side, maybe have lunch at the renovated Cloud Dine on the top of the Dreamcatcher and Dreamscape chairs.  Just in case you end up on the "wrong side" at the end of the day, there's a dedicated bus that will take you back to where you started.  That's in addition to the free Park City bus service.

NOTE to beginners: there are no green runs on the Canyons side beyond the terminus of the gondola.  However, on a bluebird day like

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Whether a quick day-trip or a weekend getaway, fall is a great time to visit.  The town is pretty quiet, which means you can walk right into your favorite restaurant and get a table, though call ahead to be sure that they're open.  It's also easy to get into houses, condos, and especially ski properties since most of the ones on the market will be vacant.  In between you can go on a hike, ride your bike, or take in a show at the Egyptian Theater.  For the budget minded, lodging rates rates are at their lowest.  So come on out and see us!

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Did you watch the premiere of Blood & Oil last night and hadn't realized that North Dakota had such beautiful mountains?  That's because the show is the very first to be filmed at the new Park City Film Studios on Rt.248 (Kearns Blvd.) near US-40, across the road from the hospital and the Quinn's Junction Sports Complex.  The pilot was shot here in March, and in coming weeks you may recognize some of the scenes that were shot on locations on Main Street, including the No Name Saloon.

A new neighborhood called Park City Heights is just starting to spring up on the land behind the film studio and up against the mountains the other side of the northeastern end of Lower Deer Valley.  I just checked with the developer, and they anticipate starting

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Spring and fall are great times to visit Park City and look at homes for sale.  These are quiet seasons in town and not only are restaurants and trails less crowded, but you're much more likely to be able to get in to see homes for sale since vacation rentals and second homes are likely to be vacant during these times.

Many restaurants in Park City offer discounts during the off-season, often advertising specials in our local paper, the Park Record. One of these is Burgers & Bourbon.  A year or two ago, the Montage took the bar area of their flagship restaurant Apex and rebranded it as a more casual dining option with its own menu.  Ordinarily, you could easily spend upwards of $80 - $100 per person. However, when we bring your own bottle of wine, pay

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It's always exciting to see the white stuff!  In reality, early snows like this are just a tease.  In my experience, the snows that contribute to the snowpack start in late October and early November.  Still, it's always great to see this harbinger of a great ski season ahead.  Get ready!

Random

Thanks to my friend Eileen in Silver Creek for this great picture this morning!  Silver Creek (not to be confused with Silver Lake, Silver Star, Silver Springs, Silver Summit, or Silver Strike) is just north of I-80 across from the end of US-40. It's still close to the action at 10-15 minutes from Canyons Village, but offers larger lots and is popular with people who have horses, want big yards for animals to run around, and has the option for large outbuildings

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