Newsletter of the month • February 11, 2025

February Newsletter

by Bibi Vladimirova

February in Park City is filled with winter charm, Valentine’s Day celebrations, and exciting local happenings. Stay up to date with market stats, explore winter fun, and check out this month’s development spotlight: Four Seasons Resort and Private Residences Deer Valley. Browse real estate articles and featured listings to find your perfect mountain home.

THINGS TO DO IN FEBRUARY IN PARK CITY

From getting outside to catching a show indoors, there is a lot to do in our little ski town. Our snowpack is great and the skiing is good. But when you’re done with the slopes or need a day off, check out everything Park City has to offer! Learn More Here

VALENTINES DAY

Discover special events and tasty eats to make your Valentine’s Day memorable. Learn More Here

FEBRUARY EVENTS

There’s something for everyone this Winter. Enjoy fun local events near you. Learn More Here

FOUR SEASONS PRIVATE RESIDENCES DEER VALLEY

They will provide guests and residents with a seamless mountain experience paired with the legendary service for which the brand is renowned. With design led by ODA Architecture, the new development will offer 134 guest rooms and suites, and 123 one to six bedroom private residences with fully-serviced homes ranging from 1,200 to 7,000 square feet (110-650 square metres). All with unparalleled ski-in/ski-out mountain access, 55 residences will be situated above the resort. An adjacent building will contain 68 owner-exclusive units ranging from one to five bedrooms, with additional resident-exclusive amenities. There is now an early opportunity to purchase a ski-in/ski-out residence in Four Seasons Private Residences Deer Valley. For pricing and information please reach out to me.

Learn More Here

MARKET UPDATE

Above is an overview of Single Family Homes in Park City Limits and Snyderville Basin.

What’s My Home Worth?

KEEPING CURRENT MATTERS

3 Reasons To Buy a Home Before Spring

What if buying now before the spring rush might actually give you the upper hand? Below are three reasons why that just might be the case. Continue Reading

HOUSING & ECONOMIC UPDATE What’s Going on With Mortgage Rates?

Windermere Principal Economist discusses the reasons why mortgage rates are up more than a full point since the fall of 2024 and what’s going on. Watch Video Here

Newsletter of the month • January 23, 2025

January Newsletter

by Bibi Vladimirova

Park City in January is full of excitement, and I’m thrilled to share everything this winter has to offer! From the Sundance Film Festival to local events and cozy winter recipes, there’s no shortage of things to enjoy. Discover the new Otto development at Founders Place, stay informed with market stats, real estate articles, and explore listings to find your perfect mountain home. Wishing you a wonderful start to the year ahead!

Above is an overview of Single Family Homes in Park City Limits and Snyderville Basin.

SUNDANCE FILM FESTIVAL . The 2025 Sundance Film Festival returns January 23–February 2, showcasing groundbreaking films and creative talent. With exciting premieres and events, it’s a winter season highlight you won’t want to miss! Learn More Here

WINTER RECIPES. Winter calls for comforting meals that warm both the body and the soul. (photo:Erik Bernstein) Learn More Here

JANUARY EVENTS IN PARK CITY. Enjoy the vibrant community atmosphere and discover something new to do. Learn More Here

FOUNDERS PLACE: PHASE III/OTTO. Welcome to The Otto! The highly anticipated final phase at Founders Place offering 24 exceptional homes. Choose from two to five bedroom residences, each thoughtfully designed for comfort and style offering breathtaking hillside views. Thoughtfully integrated into the community, The Otto provides a serene and rejuvenating retreat with easy access to everything Deer Valley has to offer.

^{KEEPING CURRENT MATTERS}

NEW YEAR, NEW HOME: HOW TO MAKE IT HAPPEN IN 2025

This is the time when a lot of people take a moment to reflect and set their goals for this year. And as you picture what you want your 2025 to look like, one thing that may pop into your mind is the vision of you in a new home. But how do you get there? And where do you start?

^{HOUSING & ECONOMIC UPDATE}

2025 HOUSING FORECAST

Windermere Real Estate Principal Economist Jeff Tucker discusses his housing market predictions for this year. Will interest rates drop? What will happen to home prices? Will housing become more affordable? Watch his 2025 housing forecast video to get answers to these questions and more.

Watch Video Here

Newsletter of the month • January 16, 2025

December Newsletter

by Bibi Vladimirova

As winter wraps our beautiful town in a snowy embrace, it’s the perfect time to dive into festive holiday fun, thrilling winter adventures, and exciting December events. Check out the latest market stats, real estate insights, and get a sneak peek at the new Cormont development at Deer Valley East Village. Explore our featured listings to find your dream home and make this season unforgettable.

Here’s to a season filled with joy, reflection, and the magic of mountain living. Wishing you the happiest of holidays!

Above is an overview of Single Family Homes in Park City Limits and Snyderville Basin.

What’s My Home Worth?

HOLIDAYS IN PARK CITY. Park City brims with holiday charm, offering festive events, sparkling lights, and a delightful historic downtown. Check out the local celebrations below to make the most of the season!

Learn More Here

WINTER ACTIVITIES. As the snow falls, we embrace powdery ski runs and a blanket of white across the mountains. Skiing is just where winter begins. Learn More Here

DECEMBER EVENTS IN PARK CITY. Enjoy the vibrant community atmosphere and discover something new to do this December. Learn More Here

Deer Valley East

Deer Valley East is coming online, with the opening of the Keetly Lift in the next few weeks and skiing from the top of Bald Mountain to bottom of Deer Valley East.

Four Seasons Resort and Private Residences Deer Valley will combine legendary Four Seasons service with a seamless mountain experience. Designed by ODA Architecture, the development features 134 guest rooms and suites, along with 123 fully-serviced private residences ranging from 1,200 to 7,000 square feet. With unparalleled ski-in/ski-out access, 55 residences will sit atop the resort, while 68 owner-exclusive units in an adjacent building will offer additional resident-only amenities.

The resort is part of Deer Valley’s new East Village, located at the base of a 3,700-acre ski terrain expansion. This will make Deer Valley one of North America’s largest ski resorts, adding enhanced slopeside access, skier services, retail, dining, and après-ski venues. Four Seasons aims to create an unparalleled luxury retreat in this iconic destination.

CORMONT comprises five residential towers that surround the grand plaza. Warm materials, such as local stone and wood, have been used to dress these buildings to harmoniously blend the beautiful structures with the surrounding nature. Cormont residents will enjoy a full range of modern lifestyle amenities. With active ground floors and layered resort experiences throughout the village, Cormont will open a world of possibilities within steps of your home.

Feel free to reach out if you need more information.

^{KEEPING CURRENT MATTERS}

MAKE YOUR HOUSE THE TOP THING ON EVERY BUYER’S WISH LIST THIS SEASON

With the holidays right around the corner, homeowners planning to move have a decision to make: sell now or wait? Some may even consider taking their house off the market until next spring. But is that the best choice? Because at this time of year, your home can really stand out.

^{HOUSING & ECONOMIC UPDATE}

THE NUMBERS TO KNOW RIGHT NOW

Windermere Principal Economist Jeff Tucker analyzes the latest new construction numbers and discusses how home builders feel about the current market conditions and what that means for future housing starts. He also provides an update on mortgage rates and their post-election volatility.

Watch Video Here

Newsletter of the month • November 5, 2024

November Newsletter

by Bibi Vladimirova

As the cooler months settle into Park City, there’s so much to get excited about! From the thrill of Utah ski resort openings to cozy Thanksgiving dining spots, there’s something for everyone. Mark your calendar for November’s must-see local events, and don’t miss our insider peek into the new Velvære development. Plus, explore real estate tips and browse our featured listings to find your perfect mountain retreat. Here’s to a fantastic Thanksgiving filled with warmth, adventure, and maybe even a little snow!

Q3 Monthly Market Report 2024

Quarterly Statistics

3rd Quarter 2024 Provided by the Park City Board of Realtors and the PCMLS

Single Family & Condo/Townhomes

October 2024-The Park City real estate market continued to experience steady growth during the third quarter of 2024. In the primary market, which included Summit and Wasatch counties, single family sales volume increased 21% year over year as average and median sale prices grew at a respectable 3% to 5% across the region. Condominium sales were also strong as 12% more sales units were reported with the median price up 7%.

The inventory of available single family and condominium homes continues to rise. As of September 30, there were 1,144 homes (both types) for sale, up 9% year over year, and up 30% since January. The steady inventory level has reduced the worry of some buyers fearful of missing out on the fewer available housing options. New listings and contracts written on existing housing have remained at parity across the region from mid-summer through early fall. The increase in new construction, particularly in the Heber Valley, has also added to the variety of homes available to buyers.

Total sales volume for single-family homes in Summit and Wasatch counties for the full year ending 9/30/24 were up 21% from the same period a year earlier. Prices rose at a modest rate with the median home sale price in the PCMLS primary market area increased 5% to $1.7 million for the year through the third quarter of 2024.

Condominium sales mirrored those of single family homes. Sales unit were up 12% year over year and the median sale price rose 7% to $1.12 million.

For the full market report please visit:

PARKCITYRELATORS.COM

What’s new at Park City Ski Resorts for the ’24/’25 Season

Deer Valley Resort

As part of the Expanded Excellence initiative, Deer Valley will offer access into its expanded terrain for the 2024–25 ski season. Skiers will now have access to three new chairlifts, over 300 new skiable acres, several new ski runs and 500 additional skier parking spots originating from the Deer Valley East Village, currently under development. This new resort gateway will offer skiers an alternative arrival option to Deer Valley via U.S. Route 40, helping to reduce traffic throughout Park City. The terrain will seamlessly integrate into the existing Deer Valley terrain, with direct access to Sultan Express.

Keetley Express is expected to open in December 2024, conditions permitting. It will be Deer Valley’s first six-person chairlift with a bubble, connecting Deer Valley East Village to the existing Deer Valley footprint, dropping skiers off near the bottom terminal of the Sultan Express chairlift on Bald Mountain. The additional two chairlifts, Hoodoo Express and Aurora, will service new beginner-level ski trails and provide return access to the new Deer Valley East Village.

Park City Mountain Resort

The new infrastructure will accelerate the opening of popular runs in the early season, including Chicane and Another World, increasing guests’ access to more terrain in the popular Tombstone Express zone.

2024-25 SKI RESORT OPENING DATES. The countdown to ski season in Utah is on! Several ski resorts have already announced their opening dates. Here’s a quick look at when you can hit the slopes again. Learn More Here

PARK CITY THANKSGIVING IDEAS . There are several restaurants in and around Park City offering nothing but the best for your holiday experience. Eat Out & Recipes

NOVEMBER EVENTS IN PARK CITY. Enjoy the vibrant community atmosphere and discover something new to do this November. Learn More Here

VELVAERE. Velvære is a ski-in/ski-out community connected to Deer Valley Resort® with two best-in-class amenity centers focused on wellness, personal performance, and year-round adventure. Capped at 115 residences, our 35 estate lots, 68 paired residences, and 12 cabins are interlaced with private and Deer Valley ski runs, 50 miles of hiking and biking trails, and a Deer Valley chair lift.

READ MORE HERE

KEEPING CURRENT MATTERS

PLANNING TO SELL YOUR HOUSE IN 2025? START PREPPING NOW

If your goal is to sell your house in 2025, now’s the time to start prepping. Even though it might seem like there’s plenty of time between now and the new year, you should get a head start on any updates or repairs you want to make now.

CONTINUE READING

HOUSING & ECONOMIC UPDATE

HAVE WE REACHED A BALANCED MARKET?

On October 23, the 30-year mortgage rate was up over three-quarters of a point since early September but down half a point from May. Rates rose due to a strong jobs report, firm inflation, reduced recession risk, election uncertainty, and potential higher deficits, creating a “perfect storm” for rising borrowing rates.

WATCH VIDEO HERE

FOR SALE

$1,850,000

2450 Lower Lando Ln

4 bed 4 bath 4,483 SqFt

Sports court, quiet neighborhood

Beautiful two-story home in Park City School District! Features include a spacious living room, flex space, 4 bedrooms, and a game/workout room. Enjoy mountain views from the large deck with a sunshade and hot tub, plus a private sports court and RV/boat parking. Style, function, and prime location—this home has it all!

MORE INFO

8894 EMPIRE CLUB DR 101 , PARK CITY

$4,995,000

3 BEDS 3F+1H BATHS 2,324 SQFT

COALVILLE

$3,995,000

5 BEDS 2F+1H BATHS 5,416 SQFT

2060 SOLAMERE DRIVE , PARK CITY

$3,795,000

4 BEDS 1 BATH 3,849 SQFT

166 MAIN STREET , PARK CITY

$5,100,000

3 BEDS 2F+1H BATHS 1,839 SQFT

254 WHITE PINE CANYON RD , PARK CITY

$50,000,000

13 BEDS 7F+6H BATHS 23,303 SQFT

256 WHITE PINE CANYON ROAD , PARK CITY

$32,000,000

7 BEDS 8F+3H BATHS 14,595 SQFT

Newsletter of the month • October 6, 2024

October Newsletter

by Bibi Vladimirova

October in Park City: Fall Colors, Festive Fun, and Real Estate Insights

As autumn settles in, Park City comes alive with vibrant colors and seasonal events. Discover local fall activities, Halloween festivities, and the latest market updates, along with news on Expanded Excellence and featured listings in this month’s edition.

Above is an overview of Single Family Homes in Park City Limits and Snyderville Basin.

WHAT’S MY HOME WORTH?

FALL ACTIVITIES IN PARK CITY. Fall in Park City brings stunning colors and crisp air, perfect for relaxing by the fire or exploring the trails before winter. Whether you’re unwinding or adventuring, here are some favorite fall activities! Learn More Here

HALLOWEEN EVENTS. Celebrate Halloween on Park City’s historic Main Street, where spooky fun meets small-town charm. Learn More Here

OCTOBER EVENTS IN PARK CITY. Enjoy the vibrant community atmosphere and discover something new to do. Learn More Here

EXPANDED EXCELLENCE. Deer Valley Announces 24/25 Ski Season Updates. Including New Day Skier Access Via Three New Chairlifts and Over 300 Additional Skiable Acres in the Expanded Terrain. As part of the Expanded Excellence initiative, Deer Valley is excited to offer a sneak peek into its expanded terrain for the 24/25 ski season. Skiers will now have access to three new chairlifts, over 300 new skiable acres, several new ski runs, and 500 additional skier parking spots originating from the Deer Valley East Village, currently under development.

WATCH VIDEO HERE

$65M DEER VALLEY PROPERTY!

This DV property is hitting the market soon and could set a record price in Utah. The previous state record is a $39.6 million Park City home bought by energy-drink billionaire Russ Weiner in 2022. The ski home spans more than 21,000 square feet and has 7 stories and bedrooms. It features its own gondola from Bald Eagle Mountain as well as an outdoor infinity pool, basketball court, two-lane bowling alley, spa, and climbing wall.

WHO WANTS IT?

HOUSING & ECONOMIC UPDATE

KEY NUMBERS TO KNOW

Windermere Principal Economist Jeff Tucker dives into the latest home price data from Case Shiller as well as the most recent new home sales information. What do all these numbers mean for home buyers, sellers, and owners? Watch the video to find out!

WATCH VIDEO HERE

7600 DEER KNOLL DRIVE , KAMAS

$18,000,000

BEDS

3F+1H

BATHS

12,377

SQFT

599 N RED MOUNTAIN COURT , HEBER CITY

$3,100,000

BEDS

BATHS

4,512

SQFT

8729 PARLEYS LN , PARK CITY

$3,650,000

BEDS

BATHS

3,764

SQFT

2550 E BRENTWOOD DR , HOLLADAY

$17,900,000

BEDS

3F+3H

BATHS

16,273

SQFT

2205 W SONDER WAY , PARK CITY

$9,600,000

BEDS

5F+2H

BATHS

4,748

SQFT

6950 N RIVER VALLEY DRIVE , PEOA

$13,900,000

BEDS

2F+2H

BATHS

6,460

SQFT

JUST LISTED

2450 LOWER LANDO LANE , PARK CITY

BEDS

3 FULL & 1 HALF

BATHS

4,483

SQFT

List Price	$1,850,000

Newsletter of the month • September 5, 2024

September Newsletter

by Bibi Vladimirova

As summer draws to a close, we’re ready to welcome the magic of fall in Park City! Each season here has its own charm, but there’s something extra special about autumn. The days are still warm, the excitement for ski season is building, and—fingers crossed—you won’t have to shovel those sidewalks just yet.

As always, we’re here to help you make the most of the season with this month’s must-do’s and tips to savor every moment.

Cheers to the Season Ahead!

Above is an overview of Single Family Homes in Park City Limits and Snyderville Basin.

WHAT’S MY HOME WORTH?

THE OUTDOORS IN PARK CITY. From skiing to biking, skateboarding or hiking, equestrian, SUP boarding, and fly fishing the opportunities go on and on. Find your trail in Park City today! Learn More Here

MOUNTAIN BEER FESTIVAL. Sip and sample brews from over a dozen Utah breweries at the annual Deer Valley Mountain Beer Festival Sept 14th & 15th.

Five5eeds owners Ian Pope, Price Nicol, and Mark Shrayber are expanding their culinary footprint with a new restaurant, Matilda, set to open right next door.

A new restaurant is finally coming to the old Zoom space and it’s going to be good! A new French Brasserie called Le Depot will fill the space—a vibrant French Brasserie in Park City, Utah, will offer a modern twist on authentic French classics, curated by James Beard Award winning Chef Galen Zamarra. And you can get the first preview! Mountain Town Olive Oil is offering restaurant preview class with Chef Galen Thursday Sept 5. where he will demonstrate some of the dishes that will be featured on the new menu. Call 435.649.1400 to reserve a seat. Cost is $75 a person + $20 for optional wine pairing. Find out more about Le Depot.

MARCELLA LANDING – Marcella Landing at Deer Valley® is the most highly anticipated gated townhome community in Utah with construction beginning Fall 2024. This exclusive neighborhood of 50 luxury residences, designed by renowned architecture firm Olson Kundig, lines a prominent ridge overlooking the new Deer Valley® East Village. The first available floor plans are approximately 5,000 square feet and include a great room with breathtaking views, two family rooms, a dedicated fitness and spa area complete with infrared sauna and cold plunge, and a two-car garage and heated driveway that can accommodate two additional vehicles. The community provides direct ski access to the mountain and each residence is inclusive of a Marcella Ski Membership. Marcella Landing is also the only Marcella offering that allows nightly rentals.

MORE INFORMATION

KEEPING CURRENT MATTERS

WHAT EVERY HOMEOWNER SHOULD KNOW ABOUT THEIR EQUITY

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

KEEPING CURRENT MATTERS

WHAT MORTGAGE RATE ARE YOU WAITING FOR?

You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Freddie Mac.

1580 CRESCENT DR S , PARK CITY

$3,700,000

BEDS

BATHS

7,242

SQFT

7110 STAGECOACH DR , PARK CITY

$3,330,000

BEDS

BATHS

6,202

SQFT

2175 EVENING STAR , PARK CITY

$3,650,000

BEDS

BATHS

4,036

SQFT

543 PARK AVENUE , PARK CITY

$31,000,000

BEDS

BATHS

11,763

SQFT

JUST LEASED

715 ASPEN LANE , PARK CITY

$13,856 pm

BEDS

BATHS

7,100

SQFT

6684 W GOLDEN BEAR LOOP , PARK CITY

$13,000 pm

BEDS

3F+1H

BATHS

2,949

SQFT

2917 QUICK DRAW , PARK CITY

$13,000 pm

BEDS

3F+1H

BATHS

2,929

SQFT

2024 HIGH STREET , PARK CITY

$12,000 pm

BEDS

4F+1H

BATHS

5,217

SQFT

Newsletter of the month • August 6, 2024

August Newsletter

by Bibi Vladimirova

August in Park City is all about embracing the outdoors! Dive into water activities, hit the mountain bike trails, and enjoy a variety of local events. Learn about the Mayflower Lakeside development, stay updated with real estate articles, and explore our featured listings to find your perfect home.

Above is an overview of Single Family Homes in Park City Limits and Snyderville Basin.

REACH OUT

PARK CITY WATER ACTIVITIES. Park City is perfect for water activities. Try paddle board yoga on calm lakes or tubing down the Weber and Provo Rivers. Whether you’re rafting, kayaking, or floating, there’s fun for everyone.. Learn More Here

NEWER MOUNTAIN BIKE TRAILS. Here is a list of a few of the new trails in Park City and some honorable mentions as well. Learn More Here

AUGUST EVENTS IN PARK CITY. Enjoy the vibrant community atmosphere and discover something new to do.

Learn More Here

MAYFLOWER LAKESIDE DEVELOPMENT – Nestled between world-class ski resorts and Jordanelle Reservoir, Mayflower Lakeside offers a four-season lifestyle with easy access to Park City. The community features modern townhomes and condos with high-end interiors and access to amenities like a clubhouse, pool, and trails. Perfect for both winter sports enthusiasts and summer adventurers, it combines the best of mountain living with convenient proximity to Park City’s vibrant Main Street.

MORE INFORMATION

KEEPING CURRENT MATTERS

NOT A CRASH: 3 GRAPHS THAT SHOW HOW TODAY’S INVENTORY DIFFERS FROM 2008

Here’s why experts are so confident. For the market (and home prices) to crash, there would have to be too many houses for sale, but the data doesn’t show that’s happening. Right now, there’s an undersupply, not an oversupply like the last time – and that’s true even with the inventory growth we’ve seen this year.

KEEPING CURRENT MATTERS

ARE HOME PRICES GOING TO COME DOWN?

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.

1454 N DEER VALLEY DR 12 , PARK CITY

$1,250,000

BEDS

BATH

1,211

SQFT

5480 CROSS COUNTRY WAY , PARK CITY

$2,295,000

BEDS

BATHS

3,346

SQFT

3184 S CALAMITY LANE , PARK CITY

$4,100,000

BEDS

BATHS

5,630

SQFT

2344 NIGHTHAWK CIR , PARK CITY

$5,590,000

BEDS

BATHS

6,435

SQFT

2100 DEER VALLEY DRIVE S 9 , PARK CITY

$2,750,000

BEDS

BATH

1,348

SQFT

2197 W SONDER WAY R-16 , PARK CITY

$5,600,000

BEDS

4F+1H

BATHS

3,303

SQFT

Newsletter of the month • July 4, 2024

July Newsletter

by Bibi Vladimirova

Welcome to Park City in July! Enjoy the lively local scene with summer activities, outdoor dining spots, and exciting July events. Discover the new Ameyalli development in Midway, explore informative real estate articles, and browse through featured listings. Have a wonderful summer and a Happy 4th of July!

Above is an overview of Single Family Homes in Park City Limits and Snyderville Basin.

WHAT’S MY HOME WORTH?

PARK CITY SUMMER ACTIVITIES. Park City offers endless activities. Enjoy fly-fishing, hot air balloon rides, hiking, biking, horseback riding, paddle board yoga, or golfing. An unforgettable summer vacation awaits!

Learn More Here

OUTDOOR DINING.

The Lodge at Blue Sky

Just outside of Park City, you can find outdoor dining with stunning mountain views and activities for everyone. Quick gateway and so much to do year round.

JULY EVENTS IN PARK CITY. Enjoy the vibrant community atmosphere and discover something new every day to do this July!

4th of July Events & July Events

AMEYALLI MIDWAY DEVELOPMENT – the country’s only well-being and longevity-focused community built around natural geothermal springs — is being developed in collaboration with Deepak Chopra and the Chopra Foundation. Neighboring Park City and Deer Valley and located at the base of the Wasatch Range of the Rocky Mountains, the property unveils its first model home in June 2024.

KEEPING CURRENT MATTERS

FOCUS ON TIME IN THE MARKET, NOT TIMING THE MARKET

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.

NAR ECONOMICS & MARKET TRENDS

HOME BUYER OPPORTUNITIES APPEAR TO BE OPENING UP

Persistently high mortgage rates in May kept many prospective buyers on the sidelines, says Carl Harris, chairman of the National Association of Home Builders. However, significant unmet demand exists, and we expect mortgage rates to moderate in the coming months, which will bring more buyers into the market.

3332 SOLAMERE DR , PARK CITY

$8,495,000

BEDS

2F+1H

BATHS

6,580

SQFT

492 VALLEY DR , PARK CITY

$2,495,000

BEDS

BATHS

4,500

SQFT

1580 CRESCENT DR S , PARK CITY

$3,700,000

BEDS

BATHS

7,242

SQFT

2344 NIGHTHAWK CIRCLE , PARK CITY

$5,590,000

BEDS

BATHS

6,435

SQFT

Office Name

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Newsletter of the month • June 4, 2024

June Newsletter

by Bibi Vladimirova

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.

WHAT’S MY HOME WORTH?

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!

Learn More Here

JUNE EVENTS IN PARK CITY. Enjoy the vibrant community atmosphere and discover something new every day to do this June!

Learn More Here

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.

Learn More Here

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.

Learn More Here

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

BEDS

BATHS

3,387

SQFT

4712 PACE DR , PARK CITY

$4,450,000

BEDS

BATHS

5,830

SQFT

1523 CRESCENT DR N , SNYDERVILLE

$6,500,000

BEDS

BATHS

7,057

SQFT

8379 SUNRISE LOOP , PARK CITY UT

$7,199,000

BEDS

BATHS

6,749

SQFT

7050 N RIVER VALLEY ROAD , PEOA

$5,750,000

BEDS

BATHS

4,380

SQFT

6950 N RIVER VALLEY DRIVE , PEOA

$13,900,000

BEDS

2F+1H

BATHS

6,460

SQFT

Newsletter of the month • May 17, 2024

May Newsletter

by Bibi Vladimirova

Hey there, and welcome to May in Park City!

As the weather heats up, I’m excited to share the latest updates with you.

First up, let’s chat about the newest market stats. Curious about what’s happening in our area? I’ve got all the details for you.

And guess what? Deer Valley’s Summer concert series is just around the corner! Trust me, you won’t want to miss out on the fun and music.

Feeling like getting informed? I’ve got some super informative real estate articles lined up for you. Whether you’re a pro or just starting out, there’s something here for everyone.

Now, let’s talk food. I’ve found the best outdoor dining spots in town, so get ready for some seriously delicious eats.

Need a new home or relocating? Just share your preferences, and I’ll find the perfect property for you, whether for lease or purchase.

So kick back, relax, and let’s make the most of May in Park City!

Above is a quick overview of April 2024 Stats for Single Family Homes in Park City Limits and Snyderville Basin.

WHAT’S MY HOUSE WORTH?

Courtesy of Deer Valley

Spread out your blankets and enjoy breathtaking views accompanied by the world-class talent of the Utah Symphony as we perform with renowned guest artists and conductors for the 20th annual Deer Valley® Music Festival in Park City, Utah.

DEER VALLEY FESTIVAL SCHEDULE

WHAT MORE LISTINGS MEAN WHEN YOU SELL YOUR HOUSE

The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right.

This is not your average dinner party! Park City’s Savor the Summit returns to historic Main Street for the largest dinner party in the state. On Saturday, June 22, 2024 at 6:00 p.m., a variety of restaurants will be serving their specialities to over 2,500 participants, al fresco, as the sun sets behind Main Street.

MORE INFORMATION HERE

CROWN CHALET

For those who seek an unparalleled, ultra-private mountain retreat—introducing the Crown Chalet, a 10,870 square foot luxury estate located in the private community of Bald Eagle at Deer Valley Resort®. This exquisitely reimagined residence rests atop a ridge where it enjoys panoramic views of the surrounding mountains, valleys, and nearby waters of the Jordanelle Reservoir.

Perfectly centered between the newly expanded terrain and original ski territory of Deer Valley Resort®, this home’s premier location is rare—it boasts both lake and ski mountain views, plus the ability to ski directly from its doors to 14 Deer Valley® chair lifts (on groomed trails, no less).

NAVIGATING THE HOUSING MARKET: A SEASONAL PERSPECTIVE

The housing market exhibits notable seasonality trends that can significantly impact both buying and selling activities. While these trends can vary by area, some patterns can be generally observed across the United States. Understanding these trends and how they might affect the supply and demand of homes can help buyers find better deals, and sellers list their homes when demand is highest.