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You need visit the Ski Utah website and read Tele Tony’s “Locals Knowledge” articles. This one on Deer Valley goes beyond the corduroy grooming and superb dining. According to Tony, whatever type of skier you are, there’s a side to Deer Valley for you.
For the entire article and to learn more, click here.

Today, February 2nd, the Priority Reservation Program moves into high gear for the Pendry Residences Park City. Pendry is pleased to announce that residence specific pricing and all floor plans are now live on their website. Fully furnished and designed for entertaining and family gatherings, Pendry Residences feature expansive windows and open living spaces that connect residents to the outdoors and to one another. With a variety of residence sizes in three distinct buildings, pricing for studio to four bedroom residences range from $395,000 to $3.65M

 LAUNCH TIMELINE

Accepting Residence Specific Reservations Now through February 25, 2019  

Residence Selection Day February 28, 2019 

Firm Contracts Written April 2019 

Private VIP Ski Days Now – March 13

Construction Start Summer 2019

Construction Completion Winter 2021

Visit the Pendry website to be the first to view residence specific floor plans and final pricing.

For questions and further inquiries, please contact Mary at mary.leader@sothebysrealty.com.

Deer Valley Resort Opens This Saturday, 12/8!

The wait is over and Mother Nature has delivered! With over 42 inches+ of snow the past few weeks, Deer Valley couldn’t be more excited for opening weekend. Join the them for another great season of world-class skiing, fine dining and unrivaled guest service at Deer Valley Resort.

Deer Valley will be updating mountain conditions on their website throughout the week. Be sure to visit their On the Mountain page for the latest conditions and to sign up for their  Daily Conditions and Powder Alert emails.

STAY IN THE KNOW »
Opening Weekend Events

Shred For Red
On Opening Day, Deer Valley® is hosting Shred for Red, an event to spread awareness and raise funds to eradicate blood cancers. For more information, please visit the Shred for Red website here.

Celebrate 38 Years at The Mariposa
Join Deer Valley in celebrating 38 winter seasons with a special $50 prix fixe menu along with an optional $50 wine flight; valid December 7 – 16, 2018. For reservations, please call 435-645-6632 or click here.


Introducing Pendry Park City

Modern luxury on the mountain.

Famous for its pristine snow, summer wildflowers, and charming historic downtown, Park City, Utah is a town of alpine dreams. It’s here you’ll discover a new Pendry resort rising at the base of Park City Mountain Resort in the heart of the revitalized Canyons Village.

Opening winter of 2021, Pendry Park City will be the ideal base for outdoor adventures in every season. Our prime ski-in/ski-out location offers 7,300 acres of exceptional terrain paired with all of the services of a luxury resort, including ski valet, Spa Pendry, fine dining and a rooftop bar and pool. During the warmer months, hiking, mountain biking, and outdoor concerts are equally enticing endeavors.

A modernist take on a traditional alpine lodge, the resort will feature 150 guestrooms and suites, along with fully serviced Pendry Residences Park City ranging in size from studios to four-bedroom homes. Pendry Park City beckons with views of the Wasatch Range, clean design and the coziest of beds. A mere 35-minute drive from Salt Lake City International Airport, this stunning mountain getaway is easily accessible from either coast.

Please contact Mary for more information.

According to an article by Jay Hamburger in the Park Record on November 7, 2018, the group readying for the possibility of Salt Lake City and the wider Winter Olympic region mounting a bid for another games have submitted materials to the United States Olympic Committee outlining early concepts illustrating how a future Olympics could be staged.

Originally, the three contenders for the US bid were Reno-Tahoe area of California and Nevada, Salt Lake City and Denver. The Reno-Tahoe area has backed out and USOC members will be visiting Salt Lake and Denver this month.

“It’s finally go time. It’s time for us to make the case that Utah is ready to host a future Winter Olympic games,” said Colin Hilton, a member of the Salt Lake Executive Committee for the Games and the president and CEO of the Utah Olympic Legacy Foundation

Our take on it is we are fulfilling the role of legacy like no other place,” Hilton said.

The foundation Hilton leads oversees the Utah Olympic Park in the Snyderville Basin, the Utah Olympic Oval in Kearns and the Soldier Hollow Nordic Center in Wasatch County. Each of the locations was an Olympic venue in 2002.

The Park City area will play a critical role in the materials that are submitted to the United States Olympic Committee. The Park City area hosted upward of half of the events during the games in 2002 and is expected to have a similar role in the blueprints for a future Olympics.on Wednesday

Park City Mountain Resort, Deer Valley Resort and the Utah Olympic Park are seen as important competition venues in a games map. The Utah Olympic Park would host the sliding sports and ski jumping, the same events held there in 2002. The February report provided a concept map of the venues that also called for Park City Mountain Resort to host snowboarding and freestyle skiing events and Deer Valley Resort to host freestyle skiing and alpine skiing events.

UPDATE: According to an article in The Salt Lake Tribune by Christopher Kamrani, on Wednesday five USOC members spent twelve hours in Utah.  Utah officials showed off the 2002 Olympic venues still as active as ever, still part of respective World Cup and World Championship calendars each winter. The group stopped in Park City to check out the Utah Olympic Park, home to the ski jumps and bobsled, skeleton and luge track. One of the stops in the afternoon included Rice-Eccles Stadium, where just hours earlier, the University of Utah held a news conference to announce  progress toward an $80 million bond for expansion of the stadium that hosted the 2002 Opening and Closing ceremonies.

A report from Utah officials earlier this year stated that another Olympics here would cost around $1.29 billion — less than the 2002 Olympics. Gov. Gary Herbert said Wednesday that the Games would involve public as well as private funding. Recent polls taken statewide had projections that as high as 89 percent of Utahns would support another Olympics in Utah.

Released October 31st, 2018 by The Park City Board of REALTORS®.

PARK CITY, UTAH — At the end of the third quarter of 2018, housing statistics revealed slowing demand and an increase in median sales price. Year-over-year, the number of single-family home sales in the Greater Park City Area decreased by 4.5%, while the condominium sector was down 9% compared to last year’s numbers, as reported by the Park City Board of REALTORS®.

Single-Family Home Sales
The number of single-family home sales within the City Limits was relatively flat (off less than 2%) and the median price of $1.95 M remained the same to 12 months ago. By neighborhood, Old Town had the highest number of sales – up 10%, while there were 30% fewer sales in Park Meadows.

The median sales price climbed to $1.2 M – up 22% in the Snyderville Basin, and although there was a slight decrease in the number of sold homes, the Basin saw more than twice the number of sales than the City Limits. In Silver Creek sales were up 53% and up 43% in median sales price – reaching $1.2 M. By neighborhood, Promontory had the highest number of sales, with 63 sold homes in the last 12 months. Activity in the Tuhaye / Hideout area had a sizable increase in the number of sales with a 28% median price increase – reaching $1.06 M.

Sales in the Heber Valley continued at a strong pace, with nearly one sale a day, and a 27% median price increase to $525,000. There were nearly twice as many homes sold in Red Ledges compared to last year, with a median sales price of $1.17 M. Midway continued to thrive with 107 closed sales and a 14% median price increase over last year reaching $573,000.

“New growth continues to move eastward and southward to areas that still have developable land. The dramatic rise in construction costs is fueling the median sales price increases seen in the outlying areas, but active listings are still well below in-town Park City prices. The introduction of new developments will enhance this trend for the foreseeable future. As areas develop, much of what we now consider as “outlying areas” will feel like another extension of town,” said Park City Board of REALTORS® President, Todd Anderson.

In the Kamas Valley, the number of sales decreased 8%, though the median price climbed 21% reaching $440,000. The number of sales in the Wanship, Hoytsville, Coalville, Echo, & Henefer areas dropped, while the median price increased 20% to $427,000.

Condominium & Townhome Sales
Year over year, the number of condo sales within the City Limits was down 5% but up 8% in median price to
$820,000. The Snyderville Basin reported essentially the same number of sales as last year with 291 units sold and saw a median price increase to $525,000.

Anderson commented, “The difference between these two larger areas may be attributed to the completion of localized developments versus the reserved or pending status of to-be-built product. Expect to see continued large fluctuations as projects are completed. Canyons Village and Deer Mountain both have the potential for enough new construction to influence future statistics in our market area.”

The number of closed sales dropped 25% in the Jordanelle, possibly due to lack of inventory, as new construction projects in this area have been completed and sold leading to fewer units available, but there was an 18% increase in median price.

Vacant Land Sales
Park City Limits saw 13 more lot sales than last year and a 25% median price increase to just over $1M. By neighborhood, Promontory had the highest number of land sales within the Basin with 82, and the median price continued its upward climb reaching $450,000. Canyons Village saw increased sales activity and a 28% median price increase to $2.37 M.

Conclusion
Historically, July and August are the months with the highest level of inventory for homes and condos in the Wasatch Back, but the current trend of sales volume is changing and we are seeing a continued upward tick of inventory which has not been seen for some time. This trend may signal a coming price change, although in some of the most desirable neighborhoods, a shortfall of for-sale properties will be scarce and the median prices will remain strong.