With 2020 one day away, experts and forecasters have issued many market predictions, aligning on certain points, but diverging in opinion on others. Below is a snapshot:

Home-Building
Although homebuilders maintain optimism, buyer demand is stronger, and analysts are divided on whether inventory is meaningfully rising. For 2020, the National Association of REALTORS® expects 10.6 percent more housing starts (multifamily and single-family), while realtor.com® researchers forecast a 6 percent increase in single-family starts. On the flip side, the Urban Land Institute projected single-family starts to tumble 4.7 percent. According to Census data, construction in November spiked—an encouraging indicator.

Home Prices
After a cooling-off period, home

The Lady Morgan chairlift is now open for the 2019-20 ski season. At Deer Valley as of December 23, twenty of twenty one chairlifts are operating, 91 trails open and 6 bowls. Happy Holidays!

We got lucky here in Park City with back-to-back powder days! Deer Valley now has a 44 inch snow base and Empire Bowl is now open, happy skiing! 

Heber City was named Utah's best small town!  Only 30 minutes from Park City, Heber has become another outdoor destination for those looking to get away to the mountains.  With many new restaurants and Wasatch State Park just minutes away, Heber is a great place to be!  See the article here: Heber City is Utah's Best small town

The FINAL Residential Opportunity in the Village at Empire Pass
Developed by East West Partners

​​​​Introducing Argent. The NEW Generation of Deer Valley Living

As East West Partners latest creation in Deer Valley’s Village at Empire Pass, Argent will feature a rich array of amenities, wonderful mountain and valley panoramas, plus the quickest and most convenient access to the Silver Strike chairlift. It is ideally located between One Empire and the Empire Residences.

The affluent Skier Market has made a monumental shift away from buildings without amenities and toward buildings Argent has imaginatively designed to provide a lively and family oriented environment that extends owners’ experiences well beyond the Residences. Families that

With over three feet of pre-season snow and optimal snowmaking conditions, Deer Valley is opening with at least 35 ski runs serviced by 16 chairlifts, on Saturday December 7th!  

Chairlifts Scheduled to Open:
Burns
Carpenter Express
Crown Point
Homestake Express
Jordanelle Express Gondola
Judge
Mountaineer Express
Northside Express
Quincy Express
Red Cloud
Silver Lake Express
Silver Strike Express
Snowflake
Sterling Express
Viking 
Wasatch Express

Happy Skiing everyone! 

Craig is up to his knees in snow at Empire Pass in Deer Valley!

Park City and Deer Valley received over 40 inches of snow in 3 days over Thanksgiving, a great start to the ski season.

Deer Valley will open for skiing December 7 and we hope to see you on the slopes opening day!

Though middle class households are pinching their pennies, they still desire homeownership as a means to increase personal wealth, according to a new study by personal finance resource SmartAsset. Researchers looked at the states in which the middle class is the strongest financially, factoring in housing costs, incomes, and job growth, among other criteria.  Utah came in at #1, see the chart below:

Source: “Best States for the Middle Class: 2019 Edition,” SmartAsset.com (Nov. 13, 2019)

Photo taken at Semifinal game by: Craig Reece

The Park City Miners Football team is headed to the State 4A title game on Friday at the Rice-Eccles Stadium! They defeated Pine View in the state playoff semifinals last Thursday to maintain their undefeated record for the season.  The Miners will be playing Sky View High School in the final at 11am on Friday.  Park City High School is releasing its students early on that day so they can attend the game.  

Let's go Miners!