Park City Information and Real Estate News

Local Business Love: White Pine Touring

By Berkshire Hathaway HomeServices Utah Properties
Mar 03, 2016

White Pine Touring is a staple provider of Park City reacreationalists. From Backcountry ski set-ups, to fat tire bikes, skate ski gear, helmets, alpine boots, mittens, backpacks, and all things merino wool, this locally-owned gearage has you covered.

Beyond gear, White Pine maintains a beautiful skate and cross-country ski track on the Park City golf course that offers lessons and rentals for first timers. Additional offerings include guided snowshoeing, ski touring, avalanche safety classes, rock climbing, etc... If you're looking to expand your adventure horizons and find news ways to play in the mountains, you should probably stop by...get your skis tuned while you're at it.

WHITE PINE TOURING - 1790 BONANZA DRIVE, PARK CITY, UT 84060     •      PHONE 435.649.8710

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The Only Guide to PC You'll Need.

By Berkshire Hathaway HomeServices Utah Properties
Feb 25, 2016

We have a pretty big crush on our mountain town. From its 300 miles of trails, outdoor concerts, two world class ski resorts, and spiffy real estate, Park City offers both culture and lifestyle, luxury and community, mountains and merriment. Here is where eat, shop, and play.

You had us at the concrete entrance. Park City Library...if you like contemporary spaces, not to be missed. 

Eat

High West Whiskey Distillery and Restaurant

703 Park Ave Park City, UT 435-649-8300

High West is one Park City’s best culinary haunts. This saloon styled restaurant offers in-house award-winning whiskeys and new-style western dishes. We recommend the Elk Medallions and with a Dead Man’s Boots.

Handle

136 Heber Ave Park City, UT 84060 (435) 602-1155

This farm-to-table American eatery offers the best of locally sourced delights in creative dishes. Beyond the stellar food, we love the contemporary flair of the interior and the fun cocktails. We recommend the squash salad, diver scallops and clams, and the beignets.

Billy Blanco’s

8208 Gorgoza Pines Rd, Park City, UT 84098 (435) 575-0846

Park City’s best Mexican food can be found out in Pinebrook. Billy Blanco’s offers tasty tacos, salsas, and burritos in a family fun setting. We recommend the Mango Guacamole, Baja Fish Tacos, and the Fajitas.

Shop

Flight Boutique

545 A Main Street, Park City, UT 84060 (435) 604-0806

This cute Main Street boutique offers curated women’s fashion lines that we love. Being in a mountain town doesn’t mean just wearing Gore-Tex, Flight sees to that.

Dolly’s Book Store

510 Main Street, Park City, UT 84060 (435) 649-8062

This Main Street literary retreat is one of Park City’s cornerstones. Conveniently located in the same spot as Rocky Mountain Chocolate Factory, Dolly’s has a lovingly selected array of everything from Young Adult, to Non-Fiction, to beautifully crafted Thank You cards.

Splendor Beauty Emporium

1635 Redstone Center Dr # 125, Park City, UT 84098 (435) 575-1800

This darling boutique located in the bustling Redstone center carries everything from high end hand creams, to organic face wash, to Nars make-up, to yummy smelling candles. It’s also a great place for a facial or a make-over.

Night Out

328 Main St, Park City, UT 84060 (435) 649-9371

The Egyptian Theatre is one of the cultural centers of the community. In addition to being one of the host theatres for the Sundance Film Festival, the Egyptian offers a wide array of performances from bands to musical theatre.

Ski Gear

Jan’s

1600 Park Avenue Park City, UT 84060 435-649-4949

Jan’s has everything you need to spend a comfortable day on the hill. With its custom ski boot fittings, outwear lines, and ski rental program, this Park City owned and operated shop sets you up for success on the slopes.

Gorsuch

355 Main St, Park City, UT 84060 (435) 731-8051

Known for its elegant outerwear, stylish lifestyle clothing, and luxury home brands, Gorsuch ensures a degree of refinement whether you’re skiing or hosting.

Apres

No Name Saloon

447 Main St, Park City, UT 84060 (435) 649-6667

One of Park City’s most colorful haunts, No Name, as it’s known to locals, offers great bar eats, a wide selection of craft beers, and blood-warming cocktails. The interior is a tribute to western culture and make an evening out a memorable experience.

 

 

Second Quarter Market Update

By Berkshire Hathaway HomeServices Utah Properties
Aug 03, 2015

Current Park City Market Overview

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Second Quarter stats are out. As ever, Park City's multi-faceted resort market remains complex. After carefully reviewing the numbers and interpreting them, here are our thoughts.

-Our market is stable. While we are seeing gradually increasing prices and growth, it is measured and steady. There are no alarming trends with regards to sales price or inventory.

-Buyers have options. While listing inventory feels constrained in the under $1 million market, new builds and good turnover in several of our neighborhoods mean that buyers still have a lot of options. In fact, taken as a whole our inventory is the highest it's been since 2007.

-Two trends, one market. Homes valued under $1 million seem to be experiencing price increase; whereas, homes valued above $1 million seem to be readjusting. For example, the average sales price of single family homes in Park Meadows actually decreased this quarter and has been trending down this year.

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Current Pricing

IN TOWN (YTD)

Old Town Single Family Homes

Average Sale Price: $1.5 million

Median Sale Price: $1.2 million

Sales (Year to Date): 26

Upper Deer Valley Single Family Homes

Average Sales Price: $3.4 million

Median Sales Price: $2.8 million

Sales (Year to Date): 7

Prospector

Average Sales Price: $885,000

Median Sales Price: $835,000

Sales (Year to Date): 3

Park Meadows Single Family Homes

Average Sales Price: $1.6 million

Median Sales Price: $1.4 million

Sales (Year to Date): 31 (up from 24 when compared to same time last year)

Total Park City Limits Single Family Homes

Average Sales Price: $1.9 million

Median Sales Price: $1.5 million

Total Sales (Year to Date): 82 (up from 75 in 2014)

Notes on in town pricing: When compared to last year, the average price of a Park Meadows Single Family Home DECREASED by 9% when compared to last year. In Thaynes Canyon, the average sales price similarly decreased by 15% when compared to last year. Contrarily, the average sales price of single family home in Prospector increased by 9%. Again, we seem to be seeing a readjustment of pricing above $1 million in traditionally local residential areas.

BASIN 

Sun Peak/Bear Hollow Single Family Homes

Average Sales Price: $1.3 million

Median Sales Price: $852,000

Total Sales (Year to Date): 30 (up from 25 at the same time last year)

Silver Springs Area

Average Sales Price: $988,000

Median Sales Price: $978,000

Total Sales (Year to Date): 16 (down from 19 last year)

Pinebrook

Average Sales Price: $833,000

Median Sales Price: $797,000

Total Sales (Year to Date): 22

Jeremy Ranch

Average Sales Price: $956,000

Median Sales Price: $881,750

Total Sales (Year to Date): 20 (0% change from last year)

GOLF COMMUNITIES

Glenwild/Silver Creek

Average Sales Price: $1.4 million

Median Sales Price: $1.2 million

Total Sales (Year to Date): 21

Promontory

Average Sales Price: $1.7 million

Median Sales Price: $1.6 million

Total Sales (Year to Date): 27 (up from 15 last year)

Community Spotlight: Park City's New Library

By Berkshire Hathaway HomeServices Utah Properties
Jul 21, 2015

We love our library.

Park City Library recently re-opened its doors after a prodigious renovation that included massive changes to both the interior and exterior. The result: one of the finest community gathering spots we've ever seen.

The new design seamlessly integrates the beloved brick facade of the historic High School with modern elements such as board form concrete, glass-walled conference rooms, Apple computers, installation art, etc... The airy light and colorful decorative elements bring life to a public space once associated with persnickity librarians saying, "shush."

In addition to housing a wealth of page-turners, the entrance is home to Park City Coffee Roasters and the neighboring dog park remains a favorite Bark City haunt. There are numerous big screen Macs, video editing stations, startup meeting areas, and kids features. In short, our library is a world class facility that does credit to our community.

If you haven't already, go pay the place a visit!

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Kids area includes a new reading nook and climbing area. Kids area includes a new reading nook and climbing area.

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Park City Coffee Roasters entry. Park City Coffee Roasters entry.

You had us at the concrete entrance. You had us at the concrete entrance.

Utah Olympic Park Re-Opening

By Berkshire Hathaway HomeServices Utah Properties
Jun 26, 2015

After $1 million in improvements by the Eccles family, the Utah Olympic Park will debut its new its ramps this weekend. Park City continues to be a hub of national and olympic athlete teams, which helps preserve the authentic mountain character of our community.

We are stoked to see this generation's athletes launch off this Saturday in their much deserved new training facilities. There are already rumors of Salt Lake being the site of another Olympic games. These additions to UOP are certain to help make that a reality.

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In Conversation with Kim McClelland and Deer Valley Lodging

By Berkshire Hathaway HomeServices Utah Properties
May 13, 2015

As part of BHHS Utah's "In Conversation with..." series, we sat down with Kim McClelland, Director of Lodging Operations for Deer Valley Resort. We were interested to see if McClelland had witnessed any outstanding trends, how business had been throughout the season, and any noteworthy visitor behaviors. 

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Although “The Greatest Snow on Earth” was conspicuously absent this winter, Park City’s three resorts successfully utilized their snow making and grooming capabilities to continue to provide a world class experience to visiting and local skiers.

So the obvious question is what impact did the paucity of snow have on Park City’s business activity? The answer is surprising little. Because of the outstanding capabilities of the resorts to make snow, combined with the strong brand identity Park City has built over the years and its ease of access, business has been very strong throughout the community.

Restaurants appear to be pacing ahead of last year. A number of business owners in the service industry are reporting gains in the range of 6% to 10% over last year. The lodging community is also reporting business levels that are up, and everyone is anticipating a strong finish to the season. At Deer Valley, our lodging numbers are pacing ahead of last year by 9%.

This season brought a strong influx of international travelers, which significantly supported business levels. According to our stats, Australia accounted for the largest number of international visitors followed by Mexico and Brazil. Domestically, our #1 destination market remains California followed by Texas, New York, New Jersey and then rounding out the top 5 is a virtual tie between Florida and Illinois.

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The unseasonably warm temperatures and lack of snow on the West coast and along the Northwest corridor most probably resulted in more Park City visitors. Special events like the Sundance Film Festival, Visa Freestyle International World Cup at Deer Valley and the Grand Prix races at Park City continue to draw additional pulses of visitors and media attention.

Overall, the consensus around the community was that the 2014-15 ski season was a successful one, with business activity pacing at least as well as last year if not a little better. That is an amazing accomplishment given Mother Nature’s lack of cooperation this year. This season’s success stands as a testament to Park City’s recognition as one of the premier destinations in the country.

Kim McClelland

Director of Lodging Operations

Deer Valley Resort

Big Stars, Bright Nights Summer 2015 Line Up

By Berkshire Hathaway HomeServices Utah Properties
Apr 06, 2015

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We are thrilled to see this summer’s outstanding cast of performers at the Deer Valley Concert series. There’s a great mix of musical genres and all the artists are legends. It’s great to see our town build on its already tremendous cultural offerings.

  • June 30 Smash Mouth, Toad the Wet Sprocket and Tonic
  • July 3 "Taste of 'Treme'" featuring the Dirty Dozen Brass Band, Funky Meters and Lucia Micarelli
  • July 16 Warren Haynes and Gov't Mule
  • July 23 Easton Corbin and Parmalee
  • July 30 Esperanza Spalding, Anna Wilson and Perla Batalia
  • Aug. 4 Grace Potter and the Nocturnals
  • Aug. 15 Chris Botti and Joshua Bell
  • Aug. 22 The Gipsy Kings, featuring Nicolas Reyes and Tonino Baliardo
  • Aug. 29 Lee Brice
  • Sept. 6 Aloe Blacc
Tickets go on sale for Park City Institute members on Monday, April 6, at 10 a.m. by phone at 435-644-3114 or at the box office at 1750 Kearns Blvd. Tickets for the general public will be available starting Monday, April 20.

 

 
 
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