Neighborhood Summarys • November 16, 2010

Empire Pass Neighborhood Summary

by Tom Walsh

Empire Canyon

This 1,650 acre parcel was originally owned by United Park City Mines and sold to Talisker, a Canadian Company. Talisker sold several building pads to other individual developers: East West Partners, Ironwood Development, Christopher Homes, and The Montage to name a few. The majority of this development is ski in/ski out along the Silver Strike and Northside chairlifts at Deer Valley Resort. The Empire Day Lodge is located here as well. Many property owners are members of The Talisker Club which includes a variety of high-end amenities.

The Tower Club

The Montage

This area is comprised of the following:

Arrowleaf: 56 Units (26 in Building A and B)
Shooting Star: 21 Units
Silver Strike: 34 Units
Grand Lodge: 27 Units
Christopher Homes: 18 Units
Flagstaff: 37 Units
Ironwood: 24 Units
Nakoma: 12 Single Family Detached Homes
Larkspur: 27 Townhomes
Montage: 172 Hotel Rooms and 81 Condos
Paintbrush: 12 Single Family Detached Homes
Red Cloud: 30 Lots with 5 completed homes and one under construction located on top of Flagstaff Mountain- a very unique neighborhood.

The average sold prices: (as of 10/18/10)

Single Family detached- $5,623,276
Condominiums- $1,941,733
Vacant Land- $3,066,750

Neighborhood amenities and unique characteristics:

Talisker Club Membership- Full Membership includes: Golfing at Tuhaye, Ski in/Ski out at Tower Club, Pool/Spa, Fitness Center, Hiking, Fishing, Horse Back Riding, Kids Club – Wildstar Rangers, Water Sports, a restaurant, a bar and much more! Mountain Membership includes all “Empire Pass Mountain” activities. Cabin at Red Cloud is open in winter only with outdoor deck dining.
For more about the Montage- see the Montage summary.
The Mid Mountain Trail runs through the area, it is rated an “Epic” trail by IMBA
Located in the “heart” of GREAT skiing!

Talisker Red Cloud Cabin

Updates you need to know • October 25, 2010

2010 Ski Resort Ratings

by Tom Walsh

We’re sure everyone has heard that Deer Valley Resort was rated by Ski Magazine readers as the #1 ski area in North America for the fourth consecutive year in a row. Park City Mountain Resort is #5 and The Canyons are #18. Wow!

What you may not know is that Park City was selected by Golf Digest as a great place for golfers of all ages to invest in their primary or second home.

If you already have a residence in Park City then how lucky are we! If your still thinking about your place in the mountains we’d love to hear from you. If your moving up or out we’re good at that to.

We believe Deer Valley Resort was quoted best in Ski Magazine when they said …

“We would like to say thanks

From the top of our lifts to

The bottom of our runs”

If a picture/ad says a 1,000 words then click on this link: https://homes-parkcity.net/files/2010/10/dvr-chair-lift.pdf

Five Reasons to see Hotel Park City

by Tom Walsh

Five Reasons to see Hotel Park City before the snow fly’s

1. Due to the high occupancy rates at Hotel Park City during ski season it is virtually impossible for Realtors to show the units for sale in the winter due to owners and guests in Residence.

2. One of the sellers just re-priced their unit at $35,000 under the original developer asking price of seven years ago. The rave amongst the Realtors is that this unit is definitely a best buy.

3. Vacationers are traveling again, staying at Hotel Park City, resulting in higher occupancies and income to owners who place their unit in the rental pool.

4. There is an unprecedented number of condo’s for sale and buyers are fortunate to have such a wonderful selection of units for sale at The Hotel Park City; in other words the prices are still soft; which may not last for long.

5. What we really enjoy about HPC are the high end amenities featuring Ruths’ Chris Steak House, outdoor pool, on site fitness center, Bandanas Grill, and the Spa at Hotel Park City just to name a few.

If there were a number six it would be the old adage … “you can never time the financial or Real Estate markets”, so we do hope to see you before the snow flies.

Best Buys • What is Hot in Park City • September 23, 2010

Real Estate is Moving in Park City

by Tom Walsh

The Park City MLS shows three to six properties, on average, closing and going under contract every day.

Those buyers are either……..

Very Smart
Not So Smart
Or perhaps thinking about QTR (aka Quality Time Remaining)

Those buyers realize………..

There is still a huge over-supply, and a wonderful selection, of homes, lots and condos for sale.
Prices are still soft and sellers still negotiable; plenty of good deals left.
Interest rates are still at historical lows translating into lower monthly payments.
It’s virtually impossible to time real estate or financial markets.

Whether you’re 1, 2, 3, or 4 we thought you’d appreciate a few of the best deals in town:

Deer Mountain – Seller, Builder, Owner needs to sell. Newer four bedroom contemporary, Jordanelle views. $599,000 Also, ask about the bank owned house around the corner.

Promontory – View Lot is one of the top ten cheapest lots at the club asking $135,000. You could also request information on the bank owned Ranch Club Cabin under $1M or the 6,000 + sq. ft foreclosure currently listed at $1,079M.

Upper Deer Valley – Ski to/ski from residences 40% off original developer prices; two sold this month!

The Jeremy Ranch – Three Bedroom Bank owned home with 3,900 sq. ft. listed at $498,900.

Ranch Place – Single family four bedroom three bath 2,372 square feet priced at $599,000

Old Town – An auction item that did not sell priced at $1,695,000. This highly sought for location on Ontario Ave 2575 square feet three bed three bath.

Rumor has it these properties shouldn’t last long. For additional information on these or other Smoken’ Hot Deals give us a call.

What is Hot in Park City • August 26, 2010

Park City Foodprint

by Tom Walsh

As a member of the Leadership Park City class 16, this year our project was about FOOD. Throughout this summer we have held seminars/classes on the following topics: Where does our food come from? How to Grow Food at 7000 feet above sea level, how to cook the good food you can grow, and wrapped up with Park City Local Kate Geegan speaking about her book ‘Go Green Get Lean’. With all that we have learned, we definitely looking forward to the Food Festival this Saturday, August 28th.

Thanks to all those who have helped and participated. Here are some photos for your enjoyment:

Cook –http://picasaweb.google.com/Mylesrad/LeaderClass16Chefs

Kate Geegan –http://picasaweb.google.com/Mylesrad/KateGagenGetLearnLeadership

Updates you need to know • August 18, 2010

Lower Home Prices Spur Sales

by Tom Walsh

Our Real Estate Market, slowly improving, continues to chug along with, as in the past, the best properties selling first. Our definition of best is either price, design, or location.

For the most recent Jess Reid Real MARKET OVERVIEW July 2010 , use the link. It is always comprehensive and is authored by the great man himself; a must read for anyone interested in Park City/Deer Valley Real Estate

Another terrific information resource regarding the market is www.parkcityhousingfacts.com. We particularly enjoyed two articles …..”Real Estate Prices Continue to Thaw” and “Lower Home Prices Spur Sales”.

Our e blast wouldn’t be complete with out the August and September calendar of events in Park City found at www.parkrecordsummerguide.com.

We do hope you enjoy these monthly updates and If you would like a little more statistical detail and on your community of choice please do let us know.

If you would like addition information on upcoming Real Estate Auctions then we’d like to hear from you as well.

Updates you need to know • July 13, 2010

Summer at the Montage

by Tom Walsh

If any of you were wondering if the Montage will be ready for the 2010 Holiday’s, check out this sunset shot:

What is Hot in Park City • July 8, 2010

Leadership Park City Class 16

by Tom Walsh

On of the terrific things about Park City is how much our local’s participate and get involved in the community.

This year Jessica was selected out of 120 applicants to participate in the 2010 Leadership Park City Program.

The program was initiated in 1994 with the goal to identify, encourage and train a individuals to be community leaders. Each year a new group of 30 participants are selected for the year long endeavore of learning and to create their own group project. This year, Leadership Park City class 16 has chosen to conduct a summer speaker series, events and demonstrations. The goal is to inspire residents to take a look at America’s commercial food system and make personal changes that will benefit the environment, the local economy and their physical health.

The class will host a free speaker series throughout July and August to be headlined by experts on high altitude gardening, celebrity chefs, and other renowned speakers with expertise in re-thinking our foodprint. In addition, the class is putting their words into action by initiating an ambitious container vegetable garden program. Dubbed “the Great Gardening Experiment,” the 150 container gardens are being cultivated by class participants to demonstrate that, with the ability to move them in and outdoors with the frost season, residents of high altitude communities can extend the growing season long enough to harvest fresh vegetables from their own gardens.

For more information on Leadership Park City Class 16’s schedule of complementary events or details on the project, please visit http://parkcityfoodprint.org or contact Jessica Allen 435-659-1297 Jessicainpc@comcast.net

Statistics • Updates you need to know • June 23, 2010

Mud Season in Park City

by Tom Walsh

Park City’s mud season usually begins when the lifts close and ends when our summer guests arrive in late June. We do sell Real Estate after the lifts close and thought you’d appreciate an update on our sales this mud season compared to last.

The following Stats come directly from the Park City MLS from April 12, 2010 to June 22, 2010 and are homes and condos that are pending and/or closed in our immediate Market area.

This 2010 mud season reported 367 sales compared to 300 sales reported in the same time last year.
The relationship between list price and sale price was 90/10 this season. Basically the average negotiated discount was 10%.
The overall average sales price was $853,095.
The average number of days on the market was 225 days for the closed sales and, interestingly enough, the number of days on the market for new pending sales was 119 days.

If you’d like additional detailed statistics on property for sale, or sold, in your price range, neighborhood, or other areas of interest please do let us know.

For all things Park City go to www.homes-parkcity.com and we would love to hear your comments.

What is Hot in Park City • June 1, 2010

Summer Events in Park City

by Tom Walsh

Between the sunny days and winter flurries, we are anxiously waiting for the the up and coming summer events Park City has to offer. Whether you fancy listening to great live music at Plaza Palooza, tasting great wine at the Friday Night Wine series, watching one of the Park City Film Series movies of the month, or reaching a new elevation on many of our mountain trails; the Park City Chamber is known for keeping us all on schedule. Below is the link to view the Park City Chamber website calendar of events for your enjoyment: http://www.parkcityinfo.com/calendar/

Another great resource we use is http://www.ParkCityHousingFacts.com and its ‘Tip of the Month’ link. This link has very helpful information for all current and future home owners, such as how to combat ice dams collecting on our roofs.

Empire Pass Neighborhood Summary

2010 Ski Resort Ratings

Five Reasons to see Hotel Park City

Real Estate is Moving in Park City

Park City Foodprint

Lower Home Prices Spur Sales

Summer at the Montage

Leadership Park City Class 16

Mud Season in Park City

Summer Events in Park City

Windermere Real Estate - Utah / Park Ave

Tom Walsh

Jessica Allen Bateman