In long-awaited news, it was announced today that Vail Resorts has acquired Park City Mountain Resort for $182.5M in cash.   The acquisition settles all litigation between the parties, and the dispute will no longer pose any future threat or disruption of future resort operations.
Vail Resorts intends to connect Park City Mountain Resort and Canyons for the 2015-16 ski season, which would create the largest single ski resort in the United States of America with over 7,000 skiable acres.  The proposed resort connection is subject to regulatory approvals.   Mountain operations of Park City Mountain Resort and Canyons Resort will remain separate for the 2014-15 ski season.  However, Epic Pass season pass holders will have access to PCMR…

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Deer Valley Home Auction

One of Deer Valley's finest ski-in/ski-out estates will be sold at absolute auction on Saturday, April 26th at 11:00 am MST.  This will be the first public auction of a premium property in Deer Valley since the last Park City auction in 2010.  To clarify, there is no reserve bid on this auction--the home will be sold to the highest bidder this coming Saturday!

Bald Eagle Deer Valley Auction

Bald Eagle is an exclusive enclave of ski-in/ski-out homes at the top of Bald Eagle Mountain at Deer Valley® Resort.  Recent sales of Bald Eagle homes have ranged from $6.875M to $12.5M.  The subject home has been on and off the market in recent years at offered prices ranging from $9.95M to $15M.


(Click Photo Above to See Property…

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I stumbled across this article today, and was surprised at the Readers Choice rankings of the top resorts in the Rocky Mountain West...



To see photos and more details about each of the distinguished resorts, here's the source article:

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We just signed listing paperwork for a rare 1 Bedroom Montage Deer Valley residence late last night, and we want to give you a courtesy heads-up before the property hits the MLS tomorrow.

Good Things Come in Small Packages!

Beautifully furnished and upgraded, this morning-sun drenched condo boasts up-close views of Deer Valley Resort ski runs and distant vistas of the Uinta Mountains. The opulent bedroom suite reflects the quality and elegance of Montage Deer Valley, and the well-appointed kitchen and living room are perfect for intimate entertaining.

Montage Deer Valley Best Buy...

You just discovered the best value in Montage Deer Valley—by a shocking $772,000!  Most Montage Deer Valley residences are offered between $3M-$10M, so at…

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This is a great guide from the Park Record.  A schedule of who, when, where to watch Park City local atheletes compete in the Winter Olympic Games.

Enjoy!

Watch Park City, Utah Athletes in Sochi!

An Olympic viewing guide
POSTED: 02/07/2014 05:12:36 PM MST

The 2014 Sochi Winter Olympics will feature several athletes who were either born in Park City or have called Park City home since they were youngsters.
They're halfway around the world now, making the viewing schedules a little bit difficult to manage. But, whether you can stay up into the wee hours of the morning to watch the local athletes live on NBCOlympics.com, or whether you need to wait for a more America-friendly viewing schedule, there are plenty of ways to see the hometown heroes in…

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Sundance Film Festival 2014

Hope you're all enjoying a spectacular Sundance film festival so far this week?

Live at Montage

Montage Deer Valley graciously hosts a series of live music shows during Sundance.  

You should have seen the look on my 4 yr old son's face as he watched the legendary John Popper put on a virtuoso harmonica performance!  The man has serious talent--nice guy too.  We had the opportunity visit with him before the show.  Thanks for bring your gifts to Sundance again this year, John!

PS  Special thanks to the Montage Deer Valley sales team for hosting the VIP lounge :)

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Support Park City Non-Profits Today!

Today's the day, Park City fans!

This is the third annual "Live PC Give PC" fundraising event that benefits almost 80 local Park City Utah area non-profit organizations.  You can make a donation to your favorite organization, multiple groups, or make a general donation that benefits all of them!

Here's the link:
www.LivePCGivePC.org

livepcgivepc_144

Thank you in advance to to all of our subscribers who donate and help make our community the exceptional place that it is!

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Just ran a quick snapshot of all of the pending & closed sales in Deer Valley since January 1st.

It's not surprising that buyers are getting frustrated finding quality properties in the higher end of the Deer Valley marketplace over $3 million.  In the first 9 months of 2013, 36 properties over $3M have pended/sold across Deer Valley, including Deer Crest, Empire Pass, Upper Deer Valley, and Lower Deer Valley.

2013_ytd_deer_valley_sales_872

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Warning:  If you're getting a loan for a real estate purchase in Park City or Deer Valley during the shutdown, beware these pitfalls....

I just spoke with a friend who owns a mortgage company here in Park City about how the US Government shutdown could impact real estate in Park City & Deer Valley. 

Fannie & Freddie loans can still be processed to a certain extent, as these entities are open for business.  However, there are still potential challenges for these conforming loans.  See below for details...

USDA Loans Not Available in Wasatch & Summit County at This Time

On the flip side, since the UDSA is not operating at full strength, the USDA rural loan programs that are popular here in Wasatch and Summit Counties will simply not be able to be…

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The real estate market in and around Park City continues to strengthen, with low inventory and much shorter marketing time for properties. Distressed sales are becoming rare and competition amongst buyers for deals is very strong. If you have been waiting and watching the market here for an opportunity, do not despair, there are still good deals to be had, but for how much longer?!

Both the number of sales and the median sales price are up over last year's numbers in the Greater Park City Area according to this press realease of 2nd quarter statistics released by the Park City Board of REALTORS®.

With a total of 991 sales to date — a 19% increase over the same time period in 2012 -

the first half of 2013 had the highest number of sales since the…

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