Deer Valley Resort named "Best United States' Ski Resort"!

By Steve Blankenship
Nov 28, 2016

Congratulations to Deer Valley Resort® for being named “Best United States’ Ski Resort” for the fourth year in a row by the World Ski Awards hosted in Kitzbuehl, Austria. Deer Valley Resort® is well known for its excellent guest services, mountain grooming, fine-dining, exclusive lodging and kid-friendly activities. The skier-only resort offers breathtaking scenery with endless outdoor activities and relaxing spa settings. Deer Valley Real Estate is not only the most luxurious real estate neighborhood of Park City, Utah but features some of the most exclusive mountain properties in the world. Opening day is set for December 3, 2016. Search Deer Valley properties today!

Three other Park City establishments were honored with World Ski Awards. The Washington School House won “Best U.S. Ski Boutique Hotel", the Deer Field Estate in Deer Crest won “Best U.S. Ski Chalet” and Stein Eriksen Lodge won “Best U.S. Ski Hotel.”

Contact Real Estate Specialist Steve Blankenship at 435-640-6966 for more information about real estate in Park City, Utah.

More new developments coming to the Park City area!

By Steve Blankenship
Oct 18, 2016

Over the course of this year I have been updating you about quite a few new developments in the Park City area. Here are a few to add to the list.

Kantons at the Village on the Green offers 33 luxurious attached and free-standing townhomes located at the first fairway and green in Midway. Prices for the three-bedroom residences start in the upper $400,000s.

Quarry Springs will bring 68 new three and four-bedroom townhomes to lower Pinebrook. Prices to start in the $500,000s.

Wasatch Springs will add 89 townhomes adjacent to the Park's Edge and Retreat at Jordanelle communities.

White Pine Canyon Village at Canyons will feature 30 townhomes at the lower Canyons Village. The six twinhomes, two triplexes and three four-plexes will be located in walking distance to the the Canyons Cabriolet.

DEVELOPER ALERT: Hotel property parcels available in Deer Crest and at Canyons Village!

Insure that you have the best representation when buying and/or selling Midway real estate. Contact Real Estate broker Steve Blankenship at 435-640-6966.

Still time to purchase your Park City ski home!

By Steve Blankenship
Oct 04, 2016

Fall is officially here and winter is just around the corner. There is still time to buy your Park City condo or home in time for the holidays and upcoming ski season. The Park City Base Area will open on Friday, November 18, and Canyons Village will open on Wednesday, November 23, 2016. Deer Valley will open its lifts December 3.

Contact KW Real Estate broker Steve Blankenship at 435-640-6966 for the best real estate representation from start to finish.

Park City Ski condos for Sale Deer Valley real estate - condos for Sale Deer Valley Real Estate for Sale Park City Real Estate - Ski Condos for sale Canyons Village

Canyons Village Masterplan

By Steve Blankenship
Sep 06, 2016

Over the past months I have been introducing you to some of the new construction developments at Canyons Village: Apex Residences, Blackstone Residences, Canyon Residences, Fairway Springs, Frostwood Villas, Juniper Landing, Lift, Viridian and phase 2 of Vintage on the Strand.

After Vail already invested over $50 million into Park City Mountain resort last year, and TCFC opened the Canyons golf course in 2014, they are working with Replay Resorts to enhance the Canyons Village even more. Between them, they have experience in creating some of the world’s great resort villages and mountain destinations, from Whistler to Vail to Les Arcs in France. They understand the importance of the four-season experience and the walkable village.

They recently shared some of their planned improvements. The Upper Village will add new real estate developments such as Apex, Lift and one yet unknown development on site of the current dirt parking lot behind Westgate and north of the Sunrise Lodge - Hilton Vacation Club. More real estate will eventually be built between Sunrise Lodge and the Silverado Lodge, and east of the Grand Summit Lodge. A planned new lift will replace the current Sunrise lift. The area around the new lift will become the new skier plaza with event and apres ski space.

Today, Canyons Village offers a wide range of services, fun and boutique shops – gatherings at the Forum, gear shops, ski rentals, restaurants and lodging. The Village Walk will soon be extended to offer a wide range of new shops, services and restaurants, with modern new mountain residences and hotels to come. And while Canyons Village already offers access to 4000 acres of amazing terrain, we’re growing: a planned new plaza will be anchored by a planned new lift to facilitate access to the Quicksilver Gondola and the Park City side. Canyons Village will become part of a true European-style alpine ‘village to town’ experience.

Other planned amenities include a conference center hillside north of the Grand Summit and Quicksilver Lift (RC7), improved pedestrian connections, an Aquatic Center (RC21) adjacent to the Silverado Lodge and possible ski in connections to Lower Village real estate developments.

Contact KW Park City Real Estate Broker Steve Blankenship at 435-640-6966 for more information about Canyons Village Real Estate.

All renderings and illustrative maps are conceptual only and subject to change. Amenities shown in renderings and illustrative maps are proposed, have not received county approval and may not occur.

Canyons Village Real Estate - Masterplan - Conference Center Canyons Village Real Estate - Masterplan

Park City Mid-Year Market Report 2016

By Steve Blankenship
Aug 11, 2016

We have reached the mid-year mark and I would like to give you a short update on how the Park City real estate market is doing so far this year.

While total sales volume has increased across our three major market segments, the number of transactions overall has dropped year-over-year (YOY) based on our 12 month rolling average. Well-priced properties continue to be absorbed quickly, while sellers who are being bullish are waiting longer to achieve their pricing goals. Listing inventories increased across most neighborhoods considered 'primary', however, our inventory continues to remain low. Price appreciation is healthy when measured against both average and median prices. Our market is highly segmented, so please contact me if you have questions regarding your specific neighborhood.

SINGLE FAMILY HOMES

Within the Park City Limits, the total sales volume increased 11% to $377.3 million and the median sold price increased 19% to $1,582,000. We have seen a sales drop in Old Town (17%) and Prospector (29%), but an increase in sales transactions in Empire Pass (41%), Upper Deer Valley (8%) and Thaynes Canyon (20%)

In the Snyderville Basin, the total number of homes sold dropped 6% with a total of 338 home sales. The sales volume increased 16% from $437.6 million to $505.8 million. The new median price shows a 10% increase and now sits at $938,500.  We have seen the most significant increase in the number of sales in the Snyderville Basin with an increase of 25% in transactions. Promontory has seen a 7% increase in transactions and a 19% increase in median price to $1,850,000.

Jordanelle continued to be an attractive area, with a 39% increase in the number of home sales. In total, 39 homes were sold this period resulting in a 79% increase in volume. As a result, the median price jumped 42% from $838,132 to $1,190,000.

The Heber Valley is extremely active with a 35% increase in the number of sales. 311 homes were sold with a total volume of $150.6 million which is a whopping 49% increase. This drove the median price up 16% to just under $400,000.

CONDOMINIUMS

Sales of condominiums within Park City Limits showed a 27% drop in total number of sales to 285 with a similar drop in volume from $366.7 to $288 million (a 21% drop.) Despite this drop in the number of transactions, the median price rose 18% to $660,000.

Snyderville Basin: The total number of sales increased 21%, with 369 sales in the past 12 months. Total volume increased 33% during the same period for a total of $181 million. This drove the median price up 12% to $429,000.The majority of this increase occurred at Canyons Village, where transactions rose 22%. With 110 transactions, the median in this area rose 39% to $542,000.

Strong demand in the Heber Valley resulted in an 84% increase in total number of sales: there were 35 sales this past year versus 19 the prior year. Total volume more than doubled, with $9.5 million in total sales, a 105% increase year over year. The median price rose 8% to $222,000. Midway/Charleston showed the greatest increase, with 67% bump in the number of transactions. The 30 sales in this period resulted in $8.3 million in sales; the median condominium price is now $277,500, up 37%.

VACANT LAND

Within Park City Limits, the number of land sales dropped 32% to a total of 25 homesites with a median price of $750,000 - largely due to the low inventory. In the Snyderville Basin, the number of transactions was flat, however, the median increased 29% to $412,000. The Canyons saw the greatest increase in the number of transactions, with a 41% increase. The 24 sales there drove the median up 19% to $1,900,000, with the majority of these transactions occurring at The Colony at White Pine Canyon. Glenwild/Silver Creek were also active in lot sales, with a 26% increase in the number of transactions.The Jordanelle area has been extremely active particularly in land sales, where the number of transactions increased 118% YOY. The $36 million in total sales represents a 205% increase over the prior year, driving the median price up 54% to $320,000.

In the Heber Valley, sales of lots dropped slightly, while the median increased 5% to $205,000.

For more detailed information on your neighborhood or a free comparable market analysis contact Steve Blankenship at 435-640-6966.

Park City Real Estate - Market Stats - Sales 2016 Park City Real Estate Market Report 2016 - Absorption Rates Park City Market Report 2016

Promontory Real Estate

By Steve Blankenship
Jul 20, 2016

Promontory real estate is still THE most popular golf community and best selling neighborhood in the greater Park City area. With over 55 properties sold this year and currently an additional 38 property listings under contract, Promontory is quickly surpassing last years sales numbers of approximately $113 million (1/1 - 7/20/15).

Promontory is an eleven square mile mountain sanctuary offering luxury lifestyle away from all the hustle and bustle of our everyday lives.  State of the Art amenities include: two championship golf courses; fifty miles of trails; an Outfitters Cabin; the Alpine ski lodge in Deer Valley; a Kids Cabin; an Equestrian Center; the Ranch Club house with fitness center, spa, pools and sports shop; the Dye Clubhouse with Grill and golf shop; the Nicklaus Clubhouse as well as the well-known Shed Clubhouse with bowling, movie theater, art studio, basketball arena, amphitheater, store, post office and bar/grill. Amenities set to open at Promontory summer 2017: Promontory Beach Club and a Conservancy's new recreation lake and adjacent playing field as well as a tubing hill.

Values at Promontory are still extraordinary with recent homes trading in the $400-500/square foot range while comparable high end second home markets sell for a lot more. For example Aspen $2,500 sq ft. or Vail $1,500/sq ft.

To celebrate the success Promontory now offers great buyer incentives on all remaining developer products. Incentives include fully sponsored club memberships, club credits, paid dues etc..

Contact Promontory Real Estate Specialist Steve Blankenship at 435-640-6966 to receive more information about properties at Promontory.

The greater Park City area has the highest density of championship golf courses in the country. Other golf communities in the Park City area include:

Canyons Village I Glenwild I Hideout Canyon I Jeremy Ranch I Park Meadows I Red Ledges I Tuhaye I Victory Ranch

Jordanelle real estate - Expansion & future growth!

By Steve Blankenship
Jul 12, 2016

The Jordanelle real estate market has been booming for the past few years. Buyers realized that they are still able to get more property for their money while only being only a few minutes outside of the Park City town limits. Most properties also offer easy access to golfing, boating and the Deer Valley gondola at the Mayflower exit.

The Jordanelle masterplan has been released years ago, however, it looks like things are starting to come together now. Supposedly six different land owners are proposing developments in the area right now. According to Wasatch County a Netherlands-based company that owns property on both sides of U.S. 40 at the Mayflower exit is seeking approval for a development with 2,000 residential units to be located mountainside from the upper reaches of Deer Valley Resorts east to U.S. 40. The application includes plans for a mountain ski village and additional lifts, condominiums, hotels and single-family townhouses. Several parcels will be up for sale to various hotel developers. In addition to that, the Netherlands-based company requested 451 residential units (single-family homes and stacked condominiums) to be built on the parcel between U.S. 40 and the Jordanelle boating ramp as well as another 578 units for the northern-most parcel, also for single-family lots and townhomes.

Wasatch County also recently approved more than 800 residential units to be located on the east side of U.S. 40. The applicant is proposing a hotel, commercial and light residential development directly east of where the gondola is. The applicant is considering putting in an underpass to link directly to Deer Valley.

Furthermore, Deer Valley Resort has put in an expansion proposal to include more ski lifts, runs and additional parking and roads to facilitate transportation.

The military has been donated a parcel just south of Deer Crest and is planning on adding a hotel for military personnel.

Armstrong, a Wasatch County Council member says: "It reminds me of what Park City may have been experiencing in the late 1990s and early 2000s in the run up to the Olympics. The base area they are contemplating over in Mayflower could be a huge economic driver for that region. It's actually quite remarkable."

Invest in the area today. Search Jordanelle real estate and contact KW Real Estate Agent/Broker Steve Blankenship at 435-640-6966 for assistance in buying and/or selling real estate in the greater Park City area. 

Jordanelle Real Estate Master Plan - Park City Utah jordanelle reservoir - Park City Real Estate deer crest - Jordanelle Real Estate for Sale - Park City Utah deer crest real estate

Victory Ranch real estate sales remain strong!

By Steve Blankenship
Jul 05, 2016

The demand for luxury mountain living in Utah's great outdoors has never been greater. Sales at the private golf community of Victory Ranch remain strong and real estate sales are likely to surpass their sales revenue of $62 million in 2015.

After 55 Victory Ranch cabin homes and estate homesites have either been reserved or sold so far, the Elk Crossing Estates homesites have now sold out and only one homesite in the coveted Golden Eagle Estates remains for sale. The homesite is 1.27 acres and features panoramic vista views of the beautifully designed Rees Jones golf course and the surrounding mountains. Victory Ranch is soon going to release a new collection of homesites: the Moon Light Estates. These coveted estate homesites overlook the Golf Course with panoramic views of Deer Valley and Flat Top Mountain. Each homesite enjoys close proximity to all Victory Ranch amenities, including the future Barn clubhouse, The Post, Golf Course, Backcountry and Freestone Lodge. The Moonlights Estate Homesites will begin at $450,000 and range in size from .89-acres to 1.22-acres. 

In addition to the cabin homes, large acreage homesites and custom homes are available as well.

For more information on Victory Ranch Real Estate, showings and the reservation process contact KW Real Estate Broker Steve Blankenship at 435-640-6966.

Utah Real Estate - Victory RanchVictory Ranch Golf Club Cabins Victory Ranch Real Estate Victory Ranch for sale

Viridian at Canyons Village - New Condominium Residences

By Steve Blankenship
Jun 20, 2016

The Park City real estate market is hot and the beautiful four-season resort community at Canyons Village is growing quickly. Many new condo and home developments are being launched and getting ready to break ground. One of the new real estate developments at Canyons Village is Viridian. The 21 contemporary condominium residences are located along the 11th fairway of the Canyons Golf Course - just steps away from the Frostwood Gondola which provides seamless access to the slopes of Park City Mountain Resort - the largest ski resort in North America. Choose from one to four bedroom floor plans featuring open-concept living on approximately 790 to 2,800 square feet. Some two-story residences are available. Each residence is designed to engage with the landscape and take full advantage of every possible viewpoint, from the rolling golf course greens to the soaring mountain ridges.

Amenities at Viridian will include a clubhouse with pool & spa, ski and sports gear storage, a putting green and heated underground parking.

Summers on the fairways, winters on the slopes - can it get any better than this?

Contact KW Park City Real Estate Agent & Broker Steve Blankenship at 435-640-6966 for more information on this investment opportunity and how to reserve a residence now.

Canyons VIllage real estate Park City UtahCanyons Real Estate Real Estate at Canyons Village Park City Utah Condos for Sale Canyons Village Park City Utah

Park City Real Estate Market - Quick Market Update!

By Steve Blankenship
Jun 13, 2016

The Park City median sales prices are currently up 13 percent across all three major market segments: Park City Proper, Snyderville Basin and Heber City. We therefore are starting to see price resistance in some neighborhoods due to slower market absorption. In fact the number of closed sales in the first quarter of 2016 was down 13.8 percent from 2015. *data pulled from pcmls.*

Here in Park City, we’re still seeing neighborhoods with very tight inventory. This means if you list your home for sale, it will likely sell quickly and possibly above asking price. In other neighborhoods, sales are slowing down and home prices are lower than they were last year, or leveling off.

Interest rates are set to stay low for the rest of the year making it attractive for buyers to invest. On the other hand it increases the number of buyers looking at your home for sale.

Hot markets that did not see a dip in the number of sales: Upper Deer Valley with its finished Stein Eriksen Residences; Prospector; Canyons Village; Kimball Junction; Jordanelle area and the Heber Valley.

Now is a good time to sell. If you’re thinking about selling your home or would like to know what your home is worth, call KW Real Estate Broker Steve Blankenship at 435-640-6966.

Park City Real Estate News Update!

By Steve Blankenship
Jun 10, 2016

River View will release 24 new townhomes that are move-in ready by the end of the summer. Each residence will feature four bedrooms and a two-car garage on approximately 3,200-3,500 square feet. River View is located in the Jordanelle real estate area on the way towards Heber City. The development has been booming for the past few years due to its location and good pricing. Call Steve for more info on how to secure one of the townhomes.

No Reserve Auction at Colony at White Pine Canyon on June 30. Beautiful 9,000 square foot ski-in ski-out residence on approximately 4.15 acres. Home has six bedrooms, 8.5 baths, two master suites, heated driveway, home theater, fitness room, ski prep room, wine cellar and a separate mother-in-law apartment. The new owner has the option to still build a separate 5,000 square foot guest house.  Call Steve for more info about the house and how to sign up for the auction.

Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 for more information about Park City area real estate.

Best Buy: Deer Crest Townhome for Sale

By Steve Blankenship
Jun 07, 2016

Deer Crest is one of the most exclusive neighborhoods of Park City real estate. The gated ski-in ski-out community sits on the backside of Deer Valley with easy access to Jordanelle Reservoir as well as St. Regis and lower Deer Valley Resort. Deer Crest is home to some of the most luxurious homes in the world.

Here is your opportunity to own a townhome just outside the Deer Crest gates for only $1,400,000. These residences do not come up for sale often and when they do they usually sell very fast. This fully-furnished townhome features 3 bedrooms, 4 baths on 2,354 square feet with vaulted ceilings, log accents, private decks with hot tub to enjoy the spectacular lake views , ski access and a 2-car garage.

Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 for more information on this spectacular deal.

Deer Crest Real Estate - Townhomes for Sale - Deer Valley Real Estate UtahDeer Crest Condominiums for Sale - Park City Utah Real Estate Deer Crest Condos for Sale - Park City Deer Valley Real Estate Deer Valley Real Estate - Deer Crest Condominiums for Sale

New Townhome Development at Kimball Junction!

By Steve Blankenship
May 09, 2016

After Newpark Terraces and Nevis at Newpark have sold out quickly we can now introduce to you another new townhome development coming to Kimball Junction. Fiddich Glen will consist of 12 townhomes. Each residence will feature 3 bedrooms, 3.5 baths and a 2-car garage on approximately 1,727 square feet. Pricing starts in the low to mid $500s.

Call Steve at 435-640-6966 to receive more information about the development and how to reserve one of the townhomes. They won't last long!!

Fiddich Glen - New Townhomes at Kimball Junction - Park City Utah Real Estate

Canyon Residences - Ski & Golf Villas - Prime location

By Steve Blankenship
May 05, 2016

Looking to ski-in ski-out of your home in the winter and golf around your home in the summer? Then Canyon Residences will be just right for you. This new development located at Canyons Village will feature three single family homes overlooking the golf course and Frostwood ski runs. Walk out the door and take the Frostwood Gondola up to ski or mountain bike, or simply enjoy the amenities at Waldorf Astoria.

Canyon Residences will feature exquisite finishes in an exceptional location. Choose between a four, five or six bedroom model.

Contact Keller Williams Real Estate Broker Steve Blankenship at 435-640-6966 to receive more information on this one of a kind opportunity to own a ski and golf residence.

Heber Valley Real Estate

By Steve Blankenship
Apr 27, 2016

Heber Valley is attractive for many families who are looking to get more home for their money or those who are still looking for large acreage properties. Heber City is centrally located between Park City and Utah County which is home to a lot of large businesses such as Adobe, NuSkin and Novell. The Heber Valley offers real estate options for everyone - from farm land and ranch property to new construction single family homes, small cottages and luxury custom golf villas.

In the past six months 128 homes have sold in Heber ranging from approximately $130,000 to $4,100,000. This is a remarkable number and 71 homes are currently still under contract and in the process of being sold. There are many new real estate developments in Heber City and Midway offering you the chance for a semi-custom home. Most of the properties that have sold in the past six months were within the communities of Broadhead Estates, Cobblestone, Fox Pointe, Interlaken, Red Ledges, Timberlakes and the Links at Homestead.

Even in the winter months we have seen steady sales of Heber Valley land. 62 lots have sold in the past 6 months and 29 land listings are currently pending.

For more information about buying and/or selling real estate in Heber or Midway contact Real Estate Agent Steve Blankenship t 435-640-6966.

Google by Steve Blankenship

 
 
Existing user sign in: 
Forgot Password?