Buying a home in a beautiful resort location such as Park City, UT, can be the fulfillment of a lifelong dream to live in a place where you can enjoy year-round outdoor recreation, rich cultural opportunities and the support of a close-knit community. Since personal lifestyle and locations vary greatly, it is important to ask yourself some questions about any area you are considering:
Does the area offer a variety of outdoor activities that you love? The best investment locations are close to skiing in winter, and have areas for walking, tennis and golf for summer. Park City offers all of those things plus world class mountain biking and hiking trails.
Is the local real estate market growing, with strong home sales and increasing home prices? These are signs of a healthy market. A popular area where buyers outnumber the inventory of homes is a good investment. Park City is seeing the lowest inventory since 2007, so this is great sign that is a good time to invest.
Are there excellent hotels, spas, restaurants, shops and art galleries nearby? Park City has several high end hotels including: Montage Deer Valley, Ritz Carlton Deer Valley, Stein Eriksen Lodge, and the Waldorf Astoria Park City. Plus the Hyatt and Hilton are new additions that have come to Park City in the last year at the Canyons Resort. Property values will grow in a prime location with world-class guest services. With the addition of these well-known and popular resorts Park City will continue to see growth.
With your REALTORs help, you can find the perfect resort location to fit your particular lifestyle.
For rock solid advice on buying or selling real estate, call Craig Reece at 435-647-8017 or toll free at 866-709-8018. Craig has been a full time Park City resident since 1973 and a full time Park City real estate agent since 1978.