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We thought you would enjoy these photos inkeeping of the winter spirit.
Ski School at Deer Valley
Best Buys • Updates you need to know •
February 25, 2011
Significant Sales & Best Buys
WHAT’S NEW IN THE PARK
Here is what’s new, exciting, and fit to print in and around Park City….still boasting the Greatest Snow on Earth; along with our neighbors at Alta, Snowbird, Brighton, Solitude, and others.
SIGNIFICANT SEASONAL SALES
Yes we’re still selling Real Estate and these three properties, and prices, are fairly significant.
Ski to/ski from Colony starter castle boasting 9,600 sq. ft. on 6.8 alpine acres just closed for $6.8M. Another 9,000 sq, ft. Colony ski home is currently under contract and the last asking price was $5.9M on 4.5 very scenic acres.
Truly significant is a recent closing in Bald Eagle. This very special home offered unparalleled views of the Jordanelle Reservoir from the outdoor heated pool 8,000 feet above sea level. On less than a half ski to/ski from acre the last asking price was $10.9M and the sales price is undisclosed.
WHAT ABOUT THE MARKET?
Things are improving …. Really.
Comparing 2009 to 2010 and, according to the Park City MLS Sales Volume is up 16%. Unit Sales are up 20 %, and the Average Sales Prices are down 7 %. Check out these MLS graphs: Feb 2011 MLS Graphs
THREE BEST BUYS
Imagine a very scenic, very private, golf club building lot, including a golf membership, for $195,000! We can’t figure out if the membership is $195,000 and the lot is free or vice versa. Any way that’s the deal at Red Ledges on the next three sales.
How about a ski to/ski from high alpine condo with a 40% discount off the current asking price. Click here for a copy of the listing: http://pcmls.com/Pub/EmailView.asp?r=913892608&s=PKC&t=PKC
Three bedroom investment condo’s in the $300,000 +/- that cash flow to qualified buyers, with 25% to 30% down. Send us a note and we’ll send you the list.
COOL NEW WEB SITES
– Looking for the best snow reports, ski deals, and reviews? Visit www.onthesnow.com.
– Need a last-minute dinner reservation? Go to www.opentable.com.
– Curious about concerts and nightlife on Main Street? Check out www.ticketcake.com.
– Let’s not forget the ever informative site that keeps you up to date on the latest articles regarding Park City Real Estate: www.Parkcityhousingfacts.com
THANKS
Thanks to everyone for your comments on our blog and please do always feel free to post. Also, thanks for referring and entrusting to us your friends, family, and acquaintances to assist with their Real Estate plans.
Neighborhood Summarys •
February 2, 2011
Bill Redeker Weighs in on the Montage
Our goal is always to keep everyone up to speed on all things Park City and we thought we’d start 2011 with the best of the Montage authored by Bill Redeker, The Ski to/Ski from Deer Valley Club, and Decembers best buy’s according to us.
Montage Deer Valley a luxury hotel and private residence development in Park City. Located in Empire Canyon, mid-mountain near the top of Deer Valley. The Montage is a self-contained, year-round mountain community offering 174 guest rooms and suites and 81 private residences. For further details check out this link: http://greetingsfromthepark.wordpress.com/2010/12/15/montage-deer-valley
The Deer Valley Club is an elegant, private enclave owned by its members and operated for their enjoyment. The Club provides worry-free Deer Valley vacations by combining the advantages of resort home ownership with the services of a fine hotel.
It is no mistake that the Private Residence Club ownership has caught on. The Deer Valley Club offers huge savings over renting a vacation condo. Skip the hassle and negative cash flow associated with whole ownership of a resort condo.
February Best Buys …………
A 2 bedroom/3 bath, 1409 square feet, fully furnished condo in lower Deer Valley. The price is $489,000 and the big bonus….seller financing is available to qualified buyers.
Imagine three luxurious bedrooms, heated pool, and exercise facility, on premises restaurant/bar in upper Deer Valley just steps from the slopes for $275,000.
Picture yourself in your new home on the third fairway at Jeremy Ranch for $485,000? Golf memberships available for under $10,000.
Wondering about foreclosure opportunities? How about the Spring Creek community and a four bedroom home priced “as is” for $299,000.
Thinking about building your own place in Promontory? The best value today is in Bison Bluffs for $75,000.
Is ski to/ski from a priority? Located in the ever popular Empire Pass neighborhood is a newer two bedroom condominium with hot tub, exercise facility and all the proper amenities for $995,000.
For more details on the above developments and best buys, please contact us for a quick call or email is always welcome. Of course, as always we’d love to see your questions, thoughts and comments. To see everything on the planet visit www.homes-parkcity.com.
Updates you need to know • What is Hot in Park City •
January 17, 2011
Fence Sitters No More
Here is what’s new, exciting, and fit to mention in and around Park City.
According to the January 10th Wall Street Journal sales in many vacation communities across the US soared last year to levels not seen since boom times. Check out the article at: http://online.wsj.com/article/SB10001424052748704482704576071984006994652.html
The New York Times lists “The 41 Places to go in 2011” and named Park City #9. Wow, how cool are we! Visit the 41 places at: http://travel.nytimes.com/2011/01/09/travel/09where-to-go.html?src=dayp
We’ve decided to add our favorite Neighborhood of the Month to our e blasts and this month is the water view community of Deer Mountain with homes from $429,000 to $1,490,000. Do visit this very picturesque community at www.DeerMountainUtah.com.
Golf lessons on Main Street? That’s right …. Check out the attached article from our local paper, the Park Record, PR Golf on Main Jan 2011 for a golf “tune up from the club up”. They may want to sell you a fairway front golf lot but you can talk to us about that; right?
We’d love to hear your comments. To see the best Park City/Deer Valley Real Estate go to www.Homes-ParkCity.com, Of course if you need any real estate information a quick call or email is always welcome ….
Tom Walsh Jess Reid Real Estate, Tominpc@comcast.net 435-641-1400
Jessica Allen Jess Reid Real Estate, Jessicainpc@comcast.net 435-659-1297
Neighborhood Summarys •
January 14, 2011
Profile of the Best on the Mountain
- Front Entry
The Chateaux at Silver Lake
The Chateaux at Silver Lake is nestled high in the Wasatch Mountains in Deer Valley, Utah, only 37 miles from the Salt Lake International Airport. This beautifully designed full-service condominium resort and conference center offers world-class amenities including the heated outdoor pool and hot tub. Other luxuries include Cena; a family oriented Italian restaurant and private club, the fitness center, Le Sap Chateaux offering a full spa menu plus 24-hour front desk and concierge service. In all of North America, it would be difficult to find a more accessible mountain resort location. The Chateaux at Silver Lake Village is one of the world’s finest resort real estate properties in an astonishingly perfect setting.
Located within Park City limits
This Chateaux is comprised of:
- 51 luxurious whole ownership condominium in two buildings
- Fractional ownership is available.
The average prices are: (as of 1/13/11)
- Whole Ownership Condos – $1,125,000 to $1,995,000
- Fractional Ownership Condos – $375,000 +/-
Chateaux amenities and unique characteristics
- Cena Ristorante and Lounge: http://the-chateaux.com/dining
- Le Spa Chateaux: http://the-chateaux.com/spa
- Ski Accommodations: http://www.deervalley.com
Tom Walsh, Jess Reid Real Estate: TomInPC@Comcast.net 435-640-1400
Jessica Allen, Jess Reid Real Estate: JessicaInPC@Comcast.net 435-659-1297
Disclaimer – the above information is provided as an “approximate” guide to help in understanding the area. All of the information is subject to change at any time; please verify information important to you.
Neighborhood Summarys • Statistics •
January 10, 2011
Deer Mountain, Utah
Deer Mountain is located on the east side of the Jordanelle Reservoir with breathtaking views across the water and up to Deer Valley Mountain Resort. With both second home/resort and primary home residences, the area offers easy access to Park City and skiing at Deer Valley via the gondola, down the road and just minutes away.
Deer Mountain is a stone’s throw to six championship golf venues and tens of thousand of heavily wooded high alpine acres in the Uinta wilderness.
Located within Wasatch County limits
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This area is comprised of:
- 168 single family home site
- 37 Estate home sites
- 24 condominium/town houses
The average prices are: (as of 1/26/17)
- Single Family detached – $951,600.00
- Vacant Lots – $191,750.00
- Condos – $399,445.00
Neighborhood amenities and unique characteristics
- Trail System surrounding the area – http://www.deermountain.info/
- Access to Jordanelle Reservoir – http://stateparks.utah.gov/parks/jordanelle
- Schools servicing the neighborhood:
- JR Smith Elementary, http://www.wasatch.edu/jrsmith/site/default.asp
- Rocky Mountain Middle School, http://www.wasatch.edu/rmms/site/default.asp
- Timpanogos Intermediate School, http://www.wasatch.edu/timp/site/default.asp
- Wasatch High School, http://www.wasatch.edu/whs/site/default.asp
Tom Walsh Jess Reid Real Estate, Cell: 435-640-1400 Tom@Homes-ParkCity.net
Jessica Allen-Bateman Jess Reid Real Estate, Cell 435-659-1297 Jessica@Homes-ParkCity.net
Website: www.Homes-ParkCity.com
Disclaimer – the above information is provided as an “approximate” guide to help in understanding the area. All of the information is subject to change at any time, so please verify anything that is important to you.
Neighborhood Summarys •
December 15, 2010
Montage Deer Valley
Montage Deer Valley is the latest luxury hotel and private residence development in Park City. Located on 15.96 acres in the Empire Canyon area, mid-mountain near the top of Deer Valley. The Montage is a self contained, year-round mountain community offering 174 guestrooms and suites and 81 private residences. Currently under construction, the first 8 floors (7 floors-hotel, 8th floor-residential) and public space are scheduled to open December 8, 2010. Total build out is scheduled for the end of April, 2011.
Montage Deer Valley
The development features views to the north, down Daly Canyon toward Lady Morgan and the distant Uinta Mountains and uphill views to the south of Empire Canyon and the Daly Chutes. It is owned by DV Luxury Resort LLC, a partnership of Montage Hotels & Resorts, The Athens group, and private investors. It’s operated by Montage Hotels & Resorts which also manages Montage Laguna Beach and Montage Beverly Hills in California
Located in Park City, Summit County
Neighborhoods:
- Montage Deer Valley Resort
- Future development parcel for town homes, owned by Talisker, to the east of Montage where temporary sales offices are now located.
- Deer Valley Resort Empire Canyon Lodge
The development is comprised of:
- 174 hotel guest rooms and suites.
- 81 private residences (1, 2, 3, 4 bedroom units) ranging in size from 1200 to 6900 square-feet on upper six floors of resort.
- 55,000 square feet of interior and exterior meeting and event space including 4300 square foot ballroom and 2450 square-foot junior ballroom.
- “Grand Lawn,” “Grand Patio,” and “Mountain Lawn” areas designed for private outdoor events.
- Retail space including ski and bike rental shops, signature boutique, and sundries shop
- 4 Restaurants and 3 Bars
- 24 hour room service
- 4 lane bowling alley
- Billiards and game arcade
- Heated underground parking for more than 500 vehicles
- 35,000 square foot spa with indoor lap pool
- Outdoor pool and whirlpool spas
- Outdoor après-ski terrace and fire pit
- Private owner’s lounge and residential concierge staff on 8th floor
Winter Wonderland Montage
The average sold prices: (as of October 2010)
- 3 Sold Condominiums – $3,050,000
- “First Tracks” Introductory Incentive- First choice of 12 residential units at 20% discount off list price
- “First Tracks” Pricing- $3,450,000 to $7,860,000 minus 20%
- Monthly Assessment including Empire Pass Dues – $1,135 to $3,470 depending on square footage. This is equivalent to $10 per square foot (per unit) per year. Portion of Empire Pass dues will be reduced by $700 to $800 per year for non use of association’s Dial-A-Ride program.
Neighborhood amenities and unique characteristics:
- Direct Access to Deer Valley’s Empire and Lady Morgan ski mountains including chutes, glade, mogul and groomed skiing
- Membership available at Talisker Club which includes Tuhaye Golf Course, The Tower Club, The Cabin and The Yurt. (four different options including Full Membership and use of Tuhaye Golf Course or Mountain Membership restricted to on mountain facilities) Private shuttle service
- Only bowling alley in Deer Valley
- Direct access to mountain bike and hiking trails
- Only resort to feature 360 degree ski access from property
- Part of Empire Pass Master Association which mandates 92% of terrain to be preserved as open space
*Disclosure – The above information is provided as an “approximate” guide and is subject to change at any time. Please verify details to your own satisfaction.
Neighborhood Summarys •
December 10, 2010
Curious About Deer Valley
Upper Deer Valley – Silver Lake Village
Upper Deer Valley is made up of a variety of developments including condominiums, homes, condominium/hotels, fractional interest, hotels and the Silver Lake Day Lodge. The area includes older and newer construction with luxury ski in and ski out residences throughout. Silver Lake Village is located in upper Deer Valley as well as the mid-mountain area of the ski resort itself. It boasts views throughout the basin and resorts. The area was Park City’s first mining settlement, it is rich in mining history with a few remaining structures. The trails system runs extensively throughout the area. The Silver Lake area is home to great restaurants, bars and ski base area retail stores, including a few spas at the condo/hotels that are open to the public.
Located within Park City Limits. This area is comprised of:
- 12 single family detached home neighborhoods (some ski-in, ski-out)
- Alpen Rose • Alta Vista • American Flag • Bald Eagle Club • Bellearbor • Bellemont • Belleterre • Bellevue • Knoll Estates/Deer Valley Club • Evergreen • The Cottages • Knollheim
- 21 condominium neighborhoods, two private residence clubs, and a small luxury hotel (most ski-in, ski-out)
- There are over 600 condominium units in the area including:
- Aspen Hollow • Bellearbor • Black Bear Lodge • Cache At Silver Lake • Chateaux At Silver Lake • Deer Valley Club • Double Eagle • Enclave • Little Belle • Lookout at Deer Valley• Mont Cervin • Ontario Lodge • The Ridge • Ridgepoint • Royal Plaza • Silver Bird • Stag Lodge • Stein Eriksen Lodge • Sterling Lodge • Sterlingwood • The Inn at Silver Lake • Trailside • Twin Pines At Silver Lake • The Woods At Deer Valley • Mount Cervin Plaza
- Private Residence Clubs: Deer Valley Club • Chateaux Residences
- Hotel: Goldener Hirsch
- There are over 600 condominium units in the area including:
The average sold prices are (as of 10/20/2010):
- Single Family Homes – $4,457,222
- Vacant Land – $1,476,450
- Condominiums – $2,092,249
- Fractional Interests – $266,750
Neighborhood Amenities and Unique Characteristics:
- Miles of lift served mountain biking and hiking trails throughout, visit www.mountaintrails.org
- Located within the Park City School District
- Restaurants, bars, and retail stores
- Year Round paved access
- Free city bus service in Silver Lake area in the winter
- Don’t forget to stop by the Jess Reid Real Estate office on the lower level of the Silver Lake Lodge and say Hi!
Uncategorized •
December 3, 2010
National Geographic travels to Main Street Park City “ Check out the article on historic Main Street and things to do when you’re in town: Warm Welcome in Park City (1)
Also check out……..
Jess Reid weighs in on the Park City Market – The ever popular and very informative Jess Reid Market Overview is now available. Check it out by using this link: Market Overview 2010
Please let us know what you think about the above information as your comments are always welcome. Thank you
Deer Valley Silver Lake Snow Making
Updates you need to know • What is Hot in Park City •
November 22, 2010
What’s Hot for Ski Season 2010
Welcome to ski season in Park City. More storms on the way and here’s what’s new and fit to print ….
THE RESORTS – Park City Mountain Resort and The Canyons are now open for business and Deer Valley is scheduled to open on December fourth. Check out significant changes at The Canyons at http://www.sltrib.com/sltrip/outdoors/50483623-117/canyons-terrain-park-resort.html.csp.
By the way, Ski Utah’s website is taking votes for your favorite snowflake commercial, it’s pretty funny, here’s the link to vote and win some new ski gear: http://www.skiutah.com/winter/snowflakeads/
REAL ESTATE SALES –According to The Western Mountain Resort Alliance, Park City trumps Vail in all properties sold for the first three quarters of 2010. Visit WMRA at http://www.westernmountainresortalliance.com/. Park City sales up 54% from 2009, new pending sales continue to improve, check out the attached graphs here http://greetingsfromthepark.wordpress.com/?attachment_id=162
CRÈME DE LA CRÈME – Grand opening of The Montage scheduled for Thursday, December 9th 2010 and what’s really cool is their hosting the public for a sneak peak Community Open House on Wednesday, December 8th 2010.
FOOD & BOOZE – The old Stew Pot location, in Deer Valley Plaza, turns into The Market Café this season serving soups sandwiches and pastries. The market Café will also offer up groceries, liquor, and wines … a first for lower Deer Valley.
FROM US TO YOU – Happy Thanksgiving, and we would love to hear your comments.
See you on the mountain!
