Park City Real Estate Blog

Deer Valley: President's Week Powder Day!

By Diana
Feb 23, 2017

We have great skiing here during President's Week and we want to share with you 2 minutes of a 15" powder day!

New Ski-In Empire Residences

By Diana
Feb 22, 2017

Empire Pass

The link below will get you to the information on the new ski-in Empire Residences at Empire Pass at Deer Valley, including pricing, floorplans, views, etc.   The reservation process starts Tuesday February 28th at 9:00am MST.

Please contact us with any questions.

EmpireResidencesBrochure.com

Below are details outlining the reservation process for the initial release of Empire Residences.

Reservations will not be accepted prior to the 9:00AM start time. We have designated this day and time in advance to allow Realtors and their clients the entire Presidents Week and following weekend to visit our on-site Sales Gallery, view the floor plans on the website, and compare pricing without rush.

On the morning of the 28th, Realtors can visit the reservation submittal page in advance and fill out the online form prior to the 9AM start time. Once ready, simply wait until 9AM, then click the “Submit Reservation” button for clients.

All reservations will be accepted as a first come first served priority, with our submittal system time stamping each submission to the second.

On the Reservation Agreement, you will have the opportunity to fill in 3 unit choices, in order of preference. If your first choice is taken, we will go to your second choice, or third. This time stamped, first come first served process has been designed to mitigate multiple offers in a fair and transparent manner, yet awards the early buyer submissions.

The reservation deposit is $100,000. Once we notify you of your accepted reservation, you will have three business days to wire the reservation deposit to our Title Company. Wiring instructions will be on the Reservation Agreement.

First Tracks Offer: The first eight reservations submitted will receive a 5% early reservation discount off the current pricing. Enter the full price on the reservation form, and we will provide notice if you are one of the fortunate first eight buyers.

Deer Valley Specialist Tip Of The Week: Smart Upgrades For A New Home

By Diana
Feb 20, 2017

Building a new home is a pleasure not everyone gets to experience. You get to construct your home exactly to your taste, with the components and finishes you want and can afford. Often you’ll be deciding what is worth the money to do now and what you’d prefer to save as a renovation project to do later. There are a number of factors to consider, including how long you plan to live in the home, whether you’ll be able to put upgrades directly onto your mortgage or pay out of pocket, and what upgrades are valuable for resale.

Upgrading later by doing it yourself can sometimes be a good plan allowing you to avoid paying the builder’s premium. But sometimes waiting will not only not save you money, it will cost you more in the end or create a headache when the upgrade is finally addressed.

So here is our now-or-never list: upgrades that will be difficult, costly or nearly impossible to do later. If you’re building a new home, you’d be wise to check these off the list now:

Recessed Lighting

While can lights themselves are generally inexpensive to buy at any big-box store, installing them is another matter. Avoid the hassle of an electrician cutting into your brand-new drywall to install the lights and switches. If your builder has an upgrade, just go for it now.

lookout bathTub and Shower

Two of the first elements to be installed in your home after framing are the bathtubs and showers. If you want an upgrade such as soaker tubs, jets or multiple shower heads, plan for it now. Once tubs and showers are installed and tiled, they require a sledgehammer to change out later.

Niches and Half Walls

Structural upgrades in the bathroom that would require a full remodel to do later are wise to tackle now. These include tiled niches — perfect for soap and shampoo bottles — as well as half walls for glass shower walls and doors.

You might also think about how you can incorporate niches and half walls in other areas of your home, perhaps for displaying art or partitioning rooms, respectively. Any remodel that requires framing and drywall is messy and disruptive, so unless you’re prepared to live with the dust, now is the time to discuss these ideas with your builder.

Radiant Floor Heating

Radiant floor heating is nice to have, especially in the bathroom to warm your tootsies on what would otherwise be cold tile. But this is one of those items that needs to be done before the tile is installed, so keep this in mind if it’s on your wish list. Installing it later is a big job that requires busting up the tile first and having a clean sub-floor on which to install the product before tiling again.

Gas Fireplace

To decide whether to tackle this project now or later, consider these facts about gas fireplace installation. For starters, you obviously need to run a gas line to the fireplace location. If you want your fireplace to be flush with the wall, you’ll usually need a foundational bump-out to support the weight of the unit, and that must be on the plans early. If you like the look of a flush fireplace wall, building one later would become a pretty major structural renovation, so best to do it now.

Insulation

An item that is really impossible to upgrade later is the type of insulation you have in your walls. Builders will usually use batt insulation at the minimum code requirement, but often you’re able to upgrade to a higher value batt, or a more expensive spray foam.. Looking to have a future music or theater room? Ask about your soundproofing options now, as this affects both the type of insulation and drywall used.

Tech Stuff

Anything that is wired in your walls is best done when the house is being built, along with your other electrical work. Think speakers, outlet placement, conduits for equipment wires, data ports, alarm systems or smart-home technologies. Again, punching holes in drywall all over your house to accommodate these items is more than an inconvenience, and it’s an expense you’ll want to dodge.

*Excerpts of this blog are from Houzz.com

Multiple Wildlife Sightings In Park City

By Diana
Feb 16, 2017

Over the past couple of weeks there have been a multiple wildlife sightings in Park City, including ones involving mountain lions, moose, deer, and elk.  Deer, moose, and elk are abound in Park City but it is rare to have multiple sightings over a few weeks time, and even more rare to have mountain lion seen inside Park City.

Most are most likely coming down to find food.  Part of the fun of living in Park City is being so close to nature, but you must always remember to give these animals plenty of room!  See more details about the sightings by clicking the link below:

Park City wildlife sightings

Photo taken from The Park Record courtesy of The Park City Police Department

Deer Valley Powder Day February 2017

By Diana
Feb 14, 2017

It has been a big season for powder days so far this winter in Deer Valley and this 90 second video shares our latest powder day, enjoy!

Park City Real Estate Prices Soared In 2016

By Diana
Feb 13, 2017

The Park City real estate stats from 2016 are out and they are impressive!  One of the most impressive is that the median sales price of single-family homes, condominiums and vacant land rose by roughly 15 percent in 2016, an increase over the previous several years.   A few neighborhoods may have skewed the final number, such as Lower Deer Valley, where median prices for single-family homes jumped 15 percent to $2.2 million.  Overall, prices in most neighborhoods grew at a more steady rate.  Here is break-down of some stats:

In Old Town the median sales price of single-family homes grew to $1.48 million, and in Park Meadows it rose to $1.59 million.

Old Town experienced the most condo sales with 118, at a median price of $568,000, a 26 percent rise.

Heber Valley was one of the hottest areas outside the city limits where 359 single-family homes sales went for a median price of $394,000.  Condo sales jumped in the Jordanelle area which experienced a 28 percent increase in volume of sales, at a median price of $479,000.  In the Snyderville Basin, the Trailside area saw 46 closed single-family home sales, 12 more than in 2015, with a 13 percent increase in median price to $723,000.

The Realtor community feels great about the growth and the potential for more growth in the coming months.  Please contact us for more specific year-end stats or any questions concerning Park City or Deer Valley real estate.

Pages from PCMLS Trend Statistics - 2016-12 - Ver 001 Graph showing Average and Median Prices for Single Family Homes - Since 1999

 

 

 

Beautiful Park City Sunrise

By Diana
Feb 09, 2017

Another beautiful Park City sunrise captured by Craig Reece.  When are you coming to visit?

park city sunrise Feb 2017 Photo by Craig Reece

AAA Awards Winners In Park City

By Diana
Feb 07, 2017

Several Park City hotels and restaurants were recently honored as AAA award winners.  The Montage Deer Valley and St. Regis Deer Valley were the only Five-Diamond Award winners in the state of Utah.  Park City's Four-Diamond hotels were Goldener Hirsch Inn, Hotel Park City, Hyatt Centric Park City, Washington School House, and Westgate Park City Resort & Spa.

Park City also had a number of Four-Diamond restaurants, including Apex Restaurant, Edge Steakhouse, Goldener Hirsch, J&G Grill, Riverhorse on Main, and The Mariposa.

Congrats to all these fantastic Park City winners!

Montage Winter Web Large-101 The Montage Deer Valley

Utah Breaks Real Estate Record

By Diana
Feb 06, 2017

According to a press release last week; for the first time ever Utah in 2016 broke the $2 billion mark for commercial real estate investment sales in a year!  The press release also states Utah's economic growth and low unemployment rate pushed it toward the record-setting mark.  Utah has consistently been recognized as a national leader for its pro-business environment and stability.  2016's record-high sales volumes are a prime example as they are indicative of the strength of the economy and the local Utah market overall.

Utah map

 

New Ski-in/Out At Canyons Village

By Diana
Jan 31, 2017

Lift back

 

We are excited to introduce the newest ski-in/out development located in the heart of the New Canyons Village:

LIFT residences include 1 to 5 bedroom residences priced from $575,000 to $3M+. Residences are sold Fully Furnished down to the glassware, owners may choose from a warm rich Earth palette or cool hues of Sky.

LIFT will have the Sunrise Lift directly adjacent to the residences

LIFT will be at the center of the New Canyons Village, a pedestrian neighborhood of new shops, restaurants, and gathering places.

LIFT residences are reverse engineered, so when you click off your skis, you’ll come home to a world of comfort, with dramatic fireplaces, 9 foot ceilings, hardwood floors.

LIFT owners will enjoy a spacious pool deck, fitness center, and Club Room to create an intimate environment for socializing and relaxing with friends and family.

LIFT will begin taking Reservations beginning February 2nd, So hurry and call us for more information, detailed pricing, and a Reservation form.

We look forward to you being first on the LIFT!

 

 
 
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