Newsletter of the month June 4, 2024

June Newsletter

June in Park City means the sun shines brighter and the town buzzes with excitement. Dive into market stats, enjoy the Farmers Market, and gear up for hiking and mountain biking. Explore real estate articles and find your perfect Park City home with our featured listings.
Above is an overview of Single Family Homes in Park City Limits and Snyderville Basin.
 
FARMERS MARKETS. It’s that time of year again, The Park City Farmers Markets are back Sundays and Wednesdays! Enjoy fresh seasonal produce and support local vendors this season. Learn More Here
PARK CITY’S SAVOR THE SUMMIT returns to historic Main Street for the largest dinner party in the state. Loosen your belts for Park City’s Annual Outdoor Dinner Party!
This is not your average dinner party!
JUNE EVENTS IN PARK CITY. Enjoy the vibrant community atmosphere and discover something new every day to do this June!
FREE MOUNTAIN BIKING GUIDES
Have you ever wanted to get out on some new trails but aren’t sure where to start or need someone to ride with?Throughout the summer (June through August) we offer free guided group mountain biking rides. Tuesdays are women’s-only rides and on Thursdays, everyone is welcome.
400 MILES OF SINGLETRACK Park City has been recognized by the International Mountain Biking Association (IMBA) as the first Gold Level Ride Center in the world and continues to share that status with five other destinations.
KEEPING CURRENT MATTERS
WHAT’S NEXT FOR HOME PRICES AND MORTGAGE RATES?
 
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out.
 
NAR ECONOMICS & MARKET TRENDS
THE DUAL IMPACT OF LOWER MORTGAGE RATES ON AFFORDABILITY AND AVAILABILITY OF HOMES
 
In the current report, Realtor.com®, in collaboration with the National Association of REALTORS®, quantifies the effect of expected lower mortgage rates. To do that, after computing the maximum affordable price, they estimated the number of listings that are affordable for each income group.
 
PARK PEAK DEVELOPMENT. Deer Valley now has a complete go-ahead for its major expansion, which involves adding nine new lifts on four peaks and 3,700 acres of terrain by winter 2025-2026. When the expansion is complete, Park City will be home to two of the largest ski resorts in North America. Deer Valley Resort will grow to over 5,700 skiable acres, making it the 6th largest ski area in North America, and Park City Mountain Resort boasts 7,300 skiable acres—the 3rd biggest. (Photo: Deer Valley).
 
2971 ARABIAN DR, PARK CITY
$2,795,000
4  BEDS Separator 3  BATHS Separator 3,387  SQFT
4712 PACE DR, PARK CITY
$4,450,000
5  BEDS Separator 5  BATHS Separator 5,830  SQFT
1523 CRESCENT DR N, SNYDERVILLE
$6,500,000
5  BEDS Separator 7  BATHS Separator 7,057  SQFT
8379 SUNRISE LOOP, PARK CITY UT
$7,199,000
5  BEDS Separator 7  BATHS Separator 6,749  SQFT
7050 N RIVER VALLEY ROAD, PEOA
$5,750,000
5  BEDS Separator 3  BATHS Separator 4,380  SQFT
6950 N RIVER VALLEY DRIVE, PEOA
$13,900,000
5  BEDS Separator 2F+1H  BATHS Separator 6,460  SQFT