Most Sought-after Park City Real Estate - First Quarter 2013

By Steve Blankenship
Apr 23, 2013

This winter has been busy for us Park City Real Estate agents. Many people are back in the market to purchase a new family home or invest in one of the great ski condos. To give you an idea where most of our inventory is selling I compared all the numbers and created a Top 3 analysis for single family homes, condo and land sales in the area. I hope you find this helpful. Whether you are a buyer or seller in the Park City real estate area, please feel free to contact me with any questions in regards to our market.

Park City Homes:
  1. Old Town: 33 sales & currently pending listings; Price Range: $385,000-$7,973,920
  2. Pinebrook: 26 sales & currently pending listings; Price Range: $395,500-$1,110,000
  3. Jeremy Ranch: 21 sales & currently pending listings; Price Range: $417,000-$1,027,000

Runner-ups are Promontory, Summit Park and Lower Deer Valley.

Park City Condos:
  1. Jordanelle Area: 63 sales & currently pending listings, Price Range: $69,900-$665,000; Most popular: Black Rock Ridge, Rustler at Hideout Canyon, Retreat at Jordanelle
  2. Old Town: 58 sales/current pending listings; Price Range: $119,900-$2,150,000; Most popular: Hotel Park City, Silver Star, Snow Flower & Three Kings
  3. Deer Valley: 55 sales current pending listings; Price Range: $495,000-$5,320,000; Most popular: Montage & St. Regis
 

Park City Area Land:

  1. Jordanelle area: 24 sales& currently pending listings; Price Range: $66,500-$595,000
  2. Promontory: 15 sales & currently pending listings; Price Range: $129,000-$502,000
  3. Colony/Canyons: 11 sales & currently pending listings; Price Range: $215,000-$2,800,000

Runner-ups: Summit Park, Jeremy Ranch & Deer Valley

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French Chateaux for Sale in Ski Town!

By Steve Blankenship
Mar 30, 2013

Park City real estate does not just offer ski homes. This stunning Park City estate in located on 10.45 acres in the gated community of The Preserve which lies adjacent to the golf community of Glenwild.

This property is designed in a French Chateau country style for everyone who wants to live like true kings and queens. The estate features a 7,356 sqft. main home and a guest house with European doors and an antique bell. In addition to that you can enjoy breathtaking views from anywhere in the house. The home also features a 4-car garage, a fitness room, a library, storage shed and a security system.

This unique home was originally listed for $7 million and was now reduced to $2.995 million dollars.

Contact Steve for more information and/or a showing of this property at 435-640-6966.

View homes for sale in Glenwild & at the Preserve.

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Stein Eriksen Lodge - A Deer Valley Real Estate Favorite!

By Steve Blankenship
Mar 19, 2013

Stein Eriksen Lodge is one of the most exclusive places to stay & own real estate in Deer Valley, Utah. Named after Norwegian Olympic Gold Medal skier Stein Eriksen and nestled mid-mountain at Deer Valley Resort, Steins is a European getaway in the heart of Park City. The luxury resort hotel continuously exceeds guest expectations, personalized services and amenities. This summer the lodge rebuilt their circle entrance. They added a heated cover so guests could stay out of the cold. Furthermore, three new fireplaces were added and they started construction on a 6,000 square-foot event space. As one of America's premier resorts and a member of the Exclusive International Association of Independent Luxury Hotels and Resorts, Stein Eriksen Lodge provides guests with the ultimate year-round luxury destination, the Stein Eriksen Lodge offers world-class skiing during the winter and biking, golfing, shopping, horseback riding, swimming, tennis, and fishing during the summer.

Awards Received:

  • AAA/CAA Five Diamond Lodgings since 2001
  • Concierge.com Editors' Pick
  • Conde Nast Readers' Choice List
  • Conde Nast Traveler Gold
  • Fodor's Choice
  • Forbes Travel Guide Five Star Awards
  • Forbes Five Star 23,000-square-foot spa
  • Frommer's Exceptional
  • Travel and Leisure 500 World's Best Hotels
  • Travel and Leisure – Best family hotel in the United States.
 

Condos at Stein Eriksen Lodge rarely become available and if they do they usually sell quickly. View all condos for sale at Stein Eriksen Lodge Deer Valley and call Steve for more information at 435-640-6966.

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House Hunters interested in Park City Real Estate Buyers!

By Steve Blankenship
Feb 28, 2013

HGTV House Hunters UtahThe producers of HGTV's House Hunters want to do a show in Park City, Utah. As a Park City Real Estate expert they have approached me to find a client who is purchasing a home or condo in the Park City area and who is interested to be on the show.

If you want to be on the show the House Hunters crew will film you, the buyer, in your current home and ask you what you’re looking for, why you want to move, etc.  After that, they’ll film us looking at a total of three different homes and then the episode ends with you moving into your new home.  It takes a few days of filming, but you get to be on national TV and have some fun (and you get paid!).

The show is looking for a couple (family, newly weds, etc), so if you’re looking to purchase a home or condo and want to be on the show, give me a call.  Click here to watch an episode of House Hunters.  And if you’re looking to buy a house and don’t want to be on TV, I can still help you.

Check out Park City Homes & Condos – See what is available in your price range!

Steve Blankenship 435–640–6966

 

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The Residences at the Waldorf Gondola!

By Steve Blankenship
Feb 14, 2013

Imagine you can ski-in ski-out of your home in the winter and golf around your home in the summer? This is a dream for many but very hard to find. There are now a few Park City homes that meet this criteria. The Residences at the Waldorf Gondola is a new small development currently selling three single-family homes all located directly at the Waldorf gondola and the Canyons golf course which is set to open this summer.

The Residences at the Waldorf Gondola are located at the Canyons Ski Resort right next to the Waldorf Astoria with its exceptional amenities and services. Construction will start this spring and all three luxury homes will feature exceptional resort views and the finest finishes throughout. You choose between a 4,5 or 6 bedroom floor plan. Prices start at $2.99 million.

Call Steve today to learn more about this unique opportunity. Phone: 435-640-6966

 

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Featured Property: Ironwood Deer Valley

By Steve Blankenship
Feb 08, 2013

Thinking about investing in Park City Real Estate? Ironwood is a luxury community located on Empire Pass in Deer Valley right next to Northside lift. The 23 townhomes offer ski-in ski-out access with either 4 or 5 bedroom floor plans. All units range between 2,500 and 4,000 square feet featuring granite counter top kitchens with alder cabinets, a spa like master bathroom, private hot tubs and garage. Some models also include theatre rooms.

Amenities at Ironwood include a fitness facility and owners are able to use all Talisker Club summer and winter amenities.

View all Condos for sale at Ironwood Deer Valley and call Steve for more information or a showing at 435-640-6966.

 

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To a Great New Year in Park City Real Estate!

By Steve Blankenship
Jan 02, 2013

I hope everyone enjoyed the holidays and the New Year finds you and your family well. I still want to take a moment to thank all my past, current and future clients for allowing me to work with you. For it is YOU that allows me to be in business, doing what I love, helping you and others with your Park City & Deer Valley real estate needs. Thank you so much for your continued loyalty and support.

Whether you listed with me, allowed me to be your buyers representative, referred me to a friend or just needed a lease-to-purchase-option, your confidence was the best reward possible. As we look forward to 2013, I see another year of continued growth of the real estate market.

Happy New Year! Wishing you all the best and may 2013 be full of exciting opportunities!!!!

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St. Regis Deer Valley is the NEW Apres-Ski Hot Spot

By Steve Blankenship
Dec 26, 2012

Forbes magazine just titled St. Regis Deer Valley THE new Après-Ski Hot Spot in North America.

St. Regis offers the 7542 Bloody Mary Clinic. 7542 stands for the elevation. Guests are taught how to mix up the resorts most popular drink. Using wasabi, celery espuma and black lava salt, students are encouraged to show their skills with the resorts master mixologist. Clinics take place every Thursday from 4:30-5:30 from December 6, 2012 until April 11, 2013.

Every evening at twilight guests at St. Regis Deer Valley can also learn the art of Champagne Sabering. You learn how to make any party fun with lessons from the resort’s expert staff and of course the use of a real saber. After you have mastered the dramatic and impressive art of champagne sabering, guests are invited for a glass of champagne by the Garden of Fire.

Lastly, the Chocolate Infusion Course will make a decedent treat at any time of day. Chef Jean-Georges Vongerichten from J&G Grill will instruct chocolate lovers how to make chocolate-covered strawberries, ice cream and other confections using liquid nitrogen in a creative and safe environment.

As an owner of one of the St. Regis residences you can enjoy the best treatment as well as possible incentives. View all units for sale at St. Regis Deer Valley and call  Park City Real Estate Agent Steve at 435-640-6966 for more information.

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Incentives for buyers of Montage Deer Valley Residences available!

By Steve Blankenship
Dec 22, 2012

A stay at the Montage Deer Valley truly is a one-of-a-kind experience. The residences at Montage Deer Valley offer exceptional mountain valley views and ski-in/ski-out access. Owners of the residences have access to excellent concierge services, four distinctive dining venues, including a gourmet pub with a four-lane regulation bowling alley and a beautiful 35,000 square foot spa.

This year Montage Deer Valley had an incredible sales year with 11 units sell for a total of almost $40 million dollars. The luxury real estate market in recovering and people realize if they do not buy now they will miss an incredible opportunity. To make the residences even more enticing Montage decided to offer some great incentives:

  • Deer Valley Resort® season ski passes for the immediate family for two winter seasons
  • $20,000 Montage Resort Credit, available for exclusive use at all Montage Hotels & Resorts
  • $25,000 private air travel credit with Sentient Jet
 

Montage Residences Deer Valley has select condominiums available for purchase, ranging in size from approximately 1,850 to 4,865 square feet and are priced from the high $2.995 million up to $8.675 million, which includes fully furnished and unfurnished options. The mountain lodge designs found in all residences are given estate-quality finishes, gourmet kitchens, multiple gas fireplaces, five-fixture stone bathrooms, rustic cherry millwork and hand scraped walnut plank flooring. Additionally, some floor plans include a guestroom lock-off with a private entrance, making it easy to share the ski-in/ski-out condominium.

Contact Steve Blankenship at 435-640-6966 for more information or showings at Montage Deer Valley.

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Deer Valley Real Estate Sales up 15% from 2011!

By Steve Blankenship
Dec 17, 2012

While Park City Real Estate sales were slower in the past few years, Deer Valley still remained one of the most popular neighborhoods in Park City Real estate due to its first-class service, luxury homes and natural beauty. This year sales have been great and are up over 15 percent from last year.

Lower Deer Valley real estate sales increased 25% to $49 million. We have seen 14 homes sell between $715,000-$2,650,000. In addition to that 42 condos have sold in the price range of $237,000-$2,375,000. 4 listings are still pending for this year.

Inventory in Upper Deer Valley has declined rapidly this year. We have seen $91 million sell in the past 12 months with 11 homes priced between $1,687,500-$7,600,000 and 32 condos priced between $416,900 to $3,100,000. 2 listings are currently pending.

Deer Crest home sales are up 80% from last year with real estate sales above $82 million. We have seen 10 homes sell between $2,560,000-$11,225,000. In addition to that, 10 condos have sold in the price range of $1,400,000-$6,200,000 as well as 6 lots pride between $715,000 and $1,350,000. 7 listings are currently pending at St. Regis.

Empire Pass is the newest neighborhood in Deer Valley which has seen over $92 million in sales. 2 Homes have sold in the past 12 months between $4,650,000 and $5,175,000. In addition to that 29 condos sold in the price range of $1,150,000-$8,250,000. Many of them at Montage Deer Valley. 1 lot has sold and 1 listing is currently pending.

Barron’s – America’s premier financial magazine – ranks Deer Valley number 6 in their top 15 locations to own a second home. Their rankings are based on beauty, comfort, convenience, lifestyle and value.

Make Deer Valley your second home. Call Deer Valley Specialist Steve Blankenship at 435-640-6966 today to see what is available in your price range that meets your needs.

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Great deals at Red Ledges Golf Community!

By Steve Blankenship
Dec 04, 2012

This amazing deal just became available:

0.52 acre lot was just reduced to $125,000 and it INCLUDES the $75,000 golf membership!

December is the last opportunity to get a lifestyle or golf membership included with the purchase of a homesite.

12 lots were sold at Red Ledges in the past month alone and currently 16 lots and 2 homes are pending. Almost every lot this year was sold between $200-350,000.

Contact Real Estate Specialist Steve Blankenship at 435-640-6966 for more information on Red Ledges Real Estate.

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Park City Real Estate builders report biggest month of the year!

By Steve Blankenship
Nov 28, 2012

We are happy to see that we are on the road to recovery. The Park City construction industry reported that the month of October was their best month of the year with a year-to-date figure of $54.5 million. This brings the Park City real estate numbers for new construction about 62 percent ahead of the numbers recorded in 2011. While Park City land sales are sky-rocketing there is still a large amount of inventory available for a good price while the inventory of homes and condos is starting to shrink.

These positive numbers are also true for the rest of the country. Bloomberg.com just reported that new home construction climbed to a 4-year high in October. This exceeds all estimates in a Bloomberg survey.

Explore your options today and search for Park City Condos I Park City Homes & Park City Land. Contact Real Estate Specialist Steve Blankenship at 435-640-6966 and receive the best service when buying in the Park City area.

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More Trapper Cabins available for sale at Promontory!

By Steve Blankenship
Nov 26, 2012

Promontory Real Estate is selling like hot cakes. The Trapper Cabins within the exclusive golf community of Promontory have been a very popular Park City Real Estate product for the past few years. 3 resales and 4 new construction cabins were being added to the inventory just recently. One already went under contract.

The Trappers Cabins at Promontory are rustic, yet elegant and are located adjacent to the 9th hole of the Pete Dye Canyon Golf Course overlooking the course and offering stunning views of the Park City ski resorts. All homes feature plank and chink siding, copper roof accents and stone facades. Inside you can enjoy a Great Room with vaulted, rustic beam ceilings, a wood-burning stone fireplace and distressed wood flooring. Each home also features large decks, custom alder cabinets, granite/travertine countertops, viking appliances as well as Jeld-Wen wood windows and clad french doors.

If you are looking to purchase one of the new construction sites you are able to choose from 3 floor plans ranging in size from approximately 2,000 to over 2,400 square feet. A design coordinator and construction manager will be available to help you with every step. Currently, the developer of the Trapper Cabins offers a fully-sponsored Golf or Ranch Membership & 1 year home warranty. These homes can be rented nightly.

View Promontory Homes for sale!

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Canyons Golf Course

By Steve Blankenship
Nov 13, 2012

Canyons Resort is working hard on completing their golf course which is set to open next year. Take a look at the master plan and consider investing in property at the Canyons to enjoy the best of both worlds: easy ski access in the winter and golf in the summer.

Canyons Condos I Fairway Springs I Hidden Creek I Juniper Landing I Waldorf Astoria

Canyons Golf Course Real Estate

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3 br Park City Ski Condo at 2402 Silver Star for Sale!

By Steve Blankenship
Nov 09, 2012

Silver Star is a luxury ski-in ski-out development adjacent to Park City Mountain Resort. It offers a total of 98 condominiums, townhomes and cottages.

Click here to see all listings at Silver Star in Park City.

Contact Steve Blankenship -Associate Broker- Keller Williams Park City Real Estate at 435-640-6966 for more information.

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Promontory: Fall 2012 Market Update

By Steve Blankenship
Nov 01, 2012

Promontory had a strong sales year in 2012. Members enjoyed the amenities of the new clubhouse, The Shed, which features a Bowling alley, Game Arcade, Arts & Craft studio, Movie theatre and stunning panoramic views. Since July 4th, 15 homes have closed, another 8 are under contract and another 18 homesites are closed or pending (36 YTD). We are starting to see prices trend upward with Promontory lots pricing up 40% over last year at this time, and price per square foot of homes up 24% over the same time last year. Promontory is the market leader in Park City due to its world class amenities and club lifestyle.

The highlights of this summer at Promontory included:

  • The sale of luxury estate Villa del Alce - This stunning property, with its spectacular architecture, finishes and furnishings sold for over $6 million. This sale represents the highest non-ski-in-ski-out home sale since 2006.
  • The sale of all of the existing Trapper´s Cabins - The year began with 9 remaining units, and the last Trapper´s Cabin was put under contract in September.
  • 13 new construction homes being built right now.
 

Love Golf? Make Promontory your home! Explore your options today. Click here for Promontory Homes & Promontory Building Lots.

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Park City Housing Market evens out!

By Steve Blankenship
Oct 30, 2012

The Park City Board of Realtors released their third quarter market report this week. According to the statistics, Park City Real Estate is currently somewhere between a buyer's and seller's market with home prices and sales in the middle ground.

  • Total number of property sales up 4 percent and Total revenue up 3 percent compared to last year.
  • Median property prices, which include homes, condos and lots, are up 11 percent from the year before.
  • Inventor has gotten smaller and prices are currently stabilizing.
  • Vacant land sales have increased significantly in median price, up 19 percent. Between the first and third quarters last year, a total of 207 vacant lots were sold, including several in the Promontory area.
  • The number of home sales was up 5 percent with the second highest disclosed home sale in Park City history, an $11M Deer Crest Estate.
  • Condo sales were up 7 percent.
  • Distressed properties were down in the third quarter, accounting for only 14 percent of the market. Last year during the third quarter, distressed sales made up 27 percent of sales, a total of 80 property sales.
 

2012 Sales and Median Prices by Neighborhood:

 

For help buying or selling Park City Real Estate, secure the best representation possible and call Steve Blankenship at 435-640-6966.

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All 3 Park City Resorts Voted into the TOP 10 Resorts in North America!

By Steve Blankenship
Oct 27, 2012

The readers of SKI magazine have voted all 3 Park City Ski resorts into the Top 10 Ski Resorts in North America.

Canyons Resort ranked No.10; Park City Mountain Resort ranked No. 4 and Deer Valley, for the first time in 5 years, "only" ranked No. 2. However, Deer Valley is still a strong runner-up due to its red-carpet service, on-hill fine dining, and prime ski-in/ski-out access.

We are especially happy to see Canyons Resort in the Top 10 for the first time in history of this survey. Fueled by more than $50 million in infrastructure investment since 2010, lifted by the only enclosed heated-seat chairlift in North America, lauded for adding 300 prime acres of intermediate and advanced trails at Iron Mountain and fed by widespread upgrades in both resort village and on-mountain dining, Canyons earned the #10 overall ranking – a tremendous leap from #20 just three years ago before a massive resort transformation began.

Ski Magazine's ranking is based on lodging, snow and terrain quality, staff friendliness, mountain culture and apres ski.

Check for ski properties at your favorite resort today:

>> Canyons Resort                           >> Deer Valley Resort                         >> Park City Mountain Resort

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Deer Valley Plans Gondola to Main Street!

By Steve Blankenship
Oct 01, 2012

Deer Valley is in the talks of adding a new lift to connect the resort with Main Street. The City and Deer Valley are currently working on possible locations for the terminals. The City is considering the paid parking lot next to the Wasatch Brew Pub, at the top of Main Street as a close contender. Deer Valley is considering Silver Lake as a possible terminal to connect to Main Street.

Formal decisions have not been made and terminals are not yet finalized. Adding another lift to Main Street would make Park City the only Ski town in North America with downtown links to two mountain resorts. Deer Valley has said the earliest a gondola could open, if one is pursued, is the 2014-2015 ski season.

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The Benefits of being a Talisker Member!

By Steve Blankenship
Sep 25, 2012

Talisker has developed three of Park City’s preeminent residential communities – Tuhaye, Empire Pass and Red Cloud - and acquired The Canyons Resort in 2008. Talisker Club is Park City's most exclusive private club offering a wide variety of amenities and recreational activities including seven private clubhouses and on mountain facilities, world-class skiing, award-winning cuisine, championship golf designed by Mark O’Meara, state-of-the art spa and fitness centers, fly fishing, water sports, family-oriented programming and Wildstar Rangers kids program.

Through ownership and membership, Talisker Club enables its residents to enjoy the finest Park City has to offer. A membership can be acquired with a home, condominium or lot purchase. Check out your options today: Tuhaye I Empire Pass Homes I Empire Pass Condos I Empire Pass Lots I Waldorf Astoria.

Call Steve for more information: 435-640-6966!

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