Park City Real Estate Blog

Park City Mountain Now Set To Open November 23

By Diana
Nov 15, 2017

Park City Mountain Resort has now set their opening day as Thanksgiving Day, November 23rd.  That means the Epic Pass  will be available a little bit longer until November 19th.  Park City is expected to get a good snow storm this Friday, so hopefully that will help get a good base on the ground.

For more info on opening day and the Epic Pass go here: https://www.parkcitymountain.com/

Park City #1 U.S. City For Winter Travel

By Diana
Nov 13, 2017

The Huffington Post recently released the top 9 U.S Cities for winter travel and Park City was named #1! They mention Park City's top notch ski resorts, unbeatable snow, and good dining scene.  We certainly think this is the perfect place for a winter vacation!

See the full article here:  Park City #1 City for winter travel

Large Mayflower Parcel By Deer Valley Resort Bought By New York Firm

By Diana
Nov 06, 2017

A large piece of acreage referred to as the Mayflower Parcel was acquired by a New York firm last week.  This parcel is on the Wasatch County side of Deer Valley Resort and will be the new village core for Deer Valley's expansion.  For more on this acquisition please click on the link below:

Firm buys Mayflower Parcel

 

Park City Ski Swap Is This Weekend!

By Diana
Nov 02, 2017

The 45th annual Park City Ski Swap & Sale is this weekend!  This is one of the biggest skis swaps in the nation and is not to be missed.  The Park City Ski Swap will take place at Basin Recreation Field House in the NewPark area of Kimball Junction.  The sale starts Friday night at 8pm and goes until 1am, admission is $10 for Friday night (under 12 if free).  Saturday the hours are 10-6 and a $5 admission, and Sunday it runs 10-2 and is a $2 admission.

There will be a great selection of new and used ski and snowboard equipment and clothing.  All proceeds benefit Park City Ski and Snowboard teams.  So, come get your gear for a great price and be ready for the snow!

Deer Valley Specialist Real Estate Tip Of The Week: Pricing Myths Sellers Shouldn't Fall For

By Diana
Oct 31, 2017

When you put your home on the market you are no longer the home owner, you are the home seller. Sellers must adopt the mindset of the buyer and see the home through a buyer’s eyes. Overpriced properties run the risk of incurring excess carrying costs and extended time on the market. These are some of the pricing myths sellers shouldn't fall for when pricing their home.

It's Better To Price My Home On The Higher Side Often times sellers think if a buyer is interested they will submit a “low-ball” offer but many buyers won’t risk offending a seller or wasting their time with an unreasonable seller. Sellers believe that lowering the price at a later date is an option but they risk losing buyers who aren't searching in that higher price range originally. Price is typically the first thing a potential buyer will use as a search criteria, if it’s too high, they may overlook the property completely.

The Market Will Catch Up To My Price Unfortunately, home prices are not like a fine wine, the longer a home sits on the market, the more potential buyers will question the home's value and assume there is something wrong with the property. Additionally, although some seasons or times of the year are better in some markets than others, typically re-listing a home a year later at a similar price won't change the outcome. Additionally, when listing a year later, the home maybe be competing with more updated or more appropriately priced homes.

I'm Leaving Money On The Table If I Price At Market Value Many sellers think that if they price at market value they might leave money on the table. Actually, the opposite is true! A well-priced home can result in more interest and multiple offers. Potential buyers are more likely to see the value in a well-priced home and will be less likely to nit-pick small details when they feel the urgency competing against other buyers.

I Don't Need To Factor My Home's Outdated Features Into The Price Most potential buyers are looking at all the things they are going to have to change or upgrade once they get into a home and adding that to the list price. Outdated appliances, hardware, and countertops are all items potential buyers will have to factor into the price. However, keep in mind it may be more expensive to update or replace some of the outdated features in your home prior to selling, instead focus on a fair list price.

Offers Should Be Close To The List Price In a competitive market, would you put your BEST offer as your first offer? Probably not. So don't be surprised when offers for your home come in lower than expected. Buyers want the best price they can get, and most are willing to negotiate.

I Won't Accept An Offer Below $X Unfortunately, many sellers decide to draw a line in the sand and won't entertain offers below a certain point. It's important to take into consideration every offer. Countering an offer can result in a sale and note that subsequent offers may be layered with conditions and complications.

This Offer Is Too Far Off To Counter A potential buyer has taken the time to put pen to paper and write up an offer. An offer is an invitation to negotiate and begin a discussion about your property. It's easy to see a low offer as offensive, but try to stay positive and work in good faith. You'll quickly be able to see if a deal may come together.

At the end of the day, your Realtor® is your best asset when pricing your home. No matter how exceptional the property, if a home is not properly priced it's going to be a tough sell.

Plans For Main Street Plaza To Boost Business At The Top Of Main Street

By Diana
Oct 25, 2017

Park City's Main Street is famous in it's own right but sometimes people fail to make it all the way to the top and the City and business owners are trying to change that.  It what is currently the Brew Pub plaza the city has had plans since 2012 to turn it into a public park that can hold events as well as an underground parking structure.   This would help drive people to upper Main Street and create an area people could enjoy.  Events that often have to shut down Main Street could be moved to the new plaza creating less of a headache for traffic.

To learn more about this future Main Street Plaza go here:  Plans for Main Street Plaza

Rendering of Main Street Plaza - Courtesy of Matt Twombly

Park City Weekend Events October 20-22

By Diana
Oct 19, 2017

With it being the off-season here in Park City there are some great deals at local restaurants, and it is easy to park so go enjoy it while you can!  Here are a few other fun things happening this weekend in Park City:

New Warren Miller Movie - Warren Miller Entertainment's 68th film, "Line of Descent," will screen at 6:30pm and 9:30pm on Friday and 6pm and 9pm on Saturday.  Showings will be at the Eccles Center for Performing Arts on Kearns Blvd.  Tickets are $23.  These are always popular so get your tickets ASAP!

Park City Film Series - The Park City Film Series will screen "Lost in Paris," which is not rated.  "Lost in Paris," tells the story of a small-town librarian who is disrupted  by a letter of distress from her aunt living in Paris.  Showtimes are Friday and Saturday at 8pm and Sunday at 6pm at Jim Santy Auditorium on Park Avenue.  Tickets are $8 for general admission and $7 for students and seniors.

Mason Jennings - Mason Jennings is an American folk-pop singer-songwriter known for catchy melodies,  intimate lyrics, and a distinctive voice.  He will be in Park City at the Egyptian Theatre on Friday and Saturday at 8pm touring with his long-awaited new album "Wild Dark Metal."  Tickets range from $29-$45.  They can be purchased at: www.parkcityshows.com .

Have a wonderful weekend!

 

Bid For 2026 or 2030 Olympic Games In Salt Lake City Gets New Push

By Diana
Oct 18, 2017

There's a new push for Salt Lake City to seek another Olympics now that Innsbruck, Austria, has pulled out of contention after voters rejected a referendum backing a bid for the 2026 Winter Games.

That leaves very few candidates for 2026, and even less for 203o.  All that may be leading up to a bid for Salt Lake City to host the winter Olympic Games in 2026 or 2030.

Salt Lake City already has all the facilities and know how after hosting in 2oo2.  And it is no secret that Park City would play a large roll again if the Olympics were to come back here.  For more information please go here:

Salt Lake City Get Push to Bid for 2026 Olympic Games

Deer Valley Completes Acquisition

By Diana
Oct 12, 2017

A Special Announcement from Bob Wheaton

The acquisition of Deer Valley® by affiliates of KSL Capital Partners, LLC (“KSL”) and Henry Crown and Company (“HCC”) is complete. This is the same new company that KSL and HCC recently formed to merge Intrawest Resorts Holding, Inc., Mammoth Resorts, and Squaw Valley Ski Holdings. Through this transaction, Deer Valley is now a part of a portfolio of 13 premier mountain resorts with more than 22,000 acres of skiable terrain! KSL and HCC have extensive experience in the ski industry and believe that by committing greater resources and investing in the mountains and other current operations, the guest experience can be improved, new opportunities for employees can be created, and strong partnerships with the local communities can be fostered. This ideal partnership is committed to nurturing the new company’s long term growth and continued success in servicing the ski industry.

View the full press release here.

We continue to operate business as usual and look forward to continuing to work with you. When we have more information to share, we will reach out again.

Thank you,

Bob Wheaton President/Chief Operating Officer

Fifth Annual Park City Dine About

By Diana
Oct 05, 2017

It is that time a year again for the Park City Dine About, a two week dining event with great deals for lunch and dinner at all your favorite Park City restaurants!  If you haven't been able to try some Park City restaurants now is the time.  Lunch deals include two courses and are either $10 or $15 and dinner deals are three courses and are either $20 for $40.

To see all the restaurants participating please click on the article below:

5th Annual Park City Dine About

 
 
Existing user sign in: 
Forgot Password?