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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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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Keller Williams Realty ranked #1 in Customer Satisfaction!

By Steve Blankenship
Sep 04, 2012

Park City Real Estate Agent

 

 

 

 

 

 

 

 

 

 

Search Park City Homes, Ski Condos or Land For sale.

For Park City Real Estate information please contact Steve Blankenship at 435-640-6966.

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Big Changes at Canyons Ski Resort

By Steve Blankenship
Oct 22, 2011

Since Talisker took over the Canyons Ski Resort in 2008, we have seen many great changes happen and Talisker has not rested for one minute since. They opened a bike park, a trout pond, a miniature golf course, put in a childrens play ground, amphitheater, new restaurants and most importantly started working on the 18-hole golf course in full swing.

Nonetheless, Talisker is still talking to improve the Canyons experience even further. One of the biggest ideas is to connect the resort with Solitude Mountain Resort in Big Cottonwood Canyon. A timeline and idea of whether it would be connected with a tram or lift system is undecided. County and Forest approvals are still needed as well.

A connection would likely become a crucial marketing tool for both Canyons and Solitude. There are 5,200 acres of skiing terrain between the two of them, an expanse that would make them a behemoth in the industry. For more information and news visit SkiLink.com.

New Restaurants

Big changes are also coming to Canyons Resort's food scene. The Silverado Lodge is opening Bistro at Canyons – the first certified kosher restaurant open all winter at any ski resort in the country. Traditional Sabbath meals will be offered Fridays and Saturdays. To-Go breakfasts and lunches for on-the-mountain will be offered as well. The restaurant will feature an Shul for synagogue services.

The Waldorf Astoria's restaurant has a new French chef who specialies in Alpine cuisine. The restaurant features a new name – SLOPES and will also get a new look.

The Hyatt Escala Lodge invested $3.5 million into a new restaurant, bar and gourmet food market. It is scheduled to open in November.

 

Invest into Canyons Real Estate today! It offers world class world-class lodging and a great year-round family resort experience. canyons resort real estatecanyons real estateCanyons real estate

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Hotel Park City Joins Marriott

By Steve Blankenship
Oct 21, 2011

Hotel Park CityHotel Park City is joining the Marriott’s new Autograph Collection. The transition should be completed by the end of November.

Hotel Park City will soon have 4 Marriott properties including The Park City Marriott, SummitWatch and MountainSide.

Not much will change because the Autograph Collection includes a group of handpicked, independent, original and rich in character hotels.

The new signage will be in small letters below the current signs. Nothing will change with Ruth's Chris Steakhouse or the Park City Golf Club pro shop.

Hotel Park City offers full-ownership condominiums while others are timeshare properties.

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Deer Valley #1 Ski Resort in North America AGAIN!

By Steve Blankenship
Oct 20, 2011

For the fifth year in a row Deer Valley has successfully defended its position as No. 1 ski resort in North America. Readers of SKI magazine also voted it No. 1 for grooming, weather, service, on-mountain food, lodging and dining.

According to the resort's General Manager Bob Wheaton, Deer Valley’s unprecedented success is due to its ability to know its clients and consistently meet its clients' expectations. Considered a “boutique resort” Deer Valley excludes snowboarders and limits the sale of tickets on busy days to control the experience on its mountains.

Stein Eriksen Lodge and St. Regis Deer Valley were also recently voted into the top 10 of the “World’s Best” by Travel & Leisure magazine. Stein Eriksen was named the second-best resort hotel in the U.S. and Canada, and St. Regis Deer Valley was named the 10th best. In the list of top 100 hotels in the world, Stein Eriksen Lodge was No. 27 while St. Regis Deer Valley was No. 71. Park City Mountain Resort was named No. 6 overall in North America and No. 1 for "Family Vacation.”

Do you love skiing at Deer Valley yourself? Search Deer Valley Homes for Sale, Deer Valley Condos or view Ski Homes & Ski Condos for sale at the Canyons or Park City Mountain Resort. Make Park City your second home and take advantage of the great outdoors. Only in Park City you find the best snow on earth in combination with first-class customer service and near proximity to the airport.

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Red Ledges Golf Community: Real Estate Sales are up!

By Steve Blankenship
Aug 16, 2011

Red Ledges has seen over 22 sales in July this year. This is a number only seen in Promontory lately.

Red Ledges is gaining more and more interest in buyers. With a new marketing strategy: new home plans are now starting at $500,000 making it affordable to own golf property. Red Ledges also added new amenities such as a tennis, swim and fitness club. In addition to that the new relationship with St. Regis Deer Valley allows members of Deer Crest Club to enjoy golf at Red Ledges and vice versa.

Compared to Promontory, Red Ledges has only seen two foreclosures since 2007. Red Ledges is located east of Heber - 15 minutes from Park City and 45 minutes from the Salt Lake International Airport.

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New Public Bus Service from Salt Lake City to Park City

By Steve Blankenship
Aug 03, 2011

Yes, you heard it right! The Utah Transit Authority will begin public bus service between Salt Lake City and Park City on October 2, 2011. So far they are calling to charge $5.50 for a one-way ticket or $242 for a monthly pass.  16 buses a day are supported to run during the peak months of December to April and 12 buses a day from May to November. Stops will include: the Salt Lake Central Station; State Street at 200 South; University Hospital; a park-and-ride near the mouth of Parley’s Canyon; Jeremy Ranch; Kimball Junction; the Canyons resort; Park City Mountain Resort; Old Town Transit Center in Park City; and Deer Valley. A stop at Salt Lake City International Airport has not been included yet. UTA is hoping to attract tourists as well as commuters and students.

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Park City 2010-2011: Second Best Ski Season Ever

By Steve Blankenship
Jun 01, 2011

According to Ski Utah, the ski season of 2010-11 was the best since 2007. The record snow fall attracted more than 4.2 million people to the 14 ski and snowboard resorts in Utah. Overall spending was up as well - people spent more money on lessons, rental equipment, food and drinks.

The Canyons has also seen a great return on their improvements around the resort. Caitlin Martz, spokesperson for Canyons Resort, said “Our many re-creation projects generated overwhelmingly positive responses from both destination visitors and locals and certainly helped enable Canyons to have a fantastic winter season. We look forward to continuing to build on this positive momentum next winter."

This winter we saw about 34 percent more snow than we did during the previous season. Resorts were able to extend their opening days and Snowbird is even planning on staying open until July 4th this year.

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New Development Approved: Park City Heights at Quinn’s Junction

By Steve Blankenship
May 12, 2011

Park City’s Planning Commission approved the long proposed Park City Heights development at Quinn’s Junction May 11, 2011. The project shall include 239 residential units on 239 acres. 79 of those units would be work force units, also called affordable housing, which are priced below market value.

The developer wants to create a 15,000 square foot community garden, a large community center clubhouse as well as three to four miles of trails and sidewalks.

Park City Heights is one of the largest projects considered inside Park City in years.

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St. Regis Deer Valley Teams up with Red Ledges

By Steve Blankenship
Apr 02, 2011

St. Regis is located slope-side on the #1 Ski Resort in America. Red Ledges golf course is #1 is Utah.

According to an interview with Park Record, Red Ledges and St. Regis Deer Valley have formed a partnership to offer more exclusive benefits to its members.

Red Ledges is located in Heber City – about 15 minutes from St. Regis Deer Crest. Red Ledges was named #1 Best Golf Course in 2009 by Golf Magazine offering a Jack Nicklaus Signature Golf Course as well as a 9-hole short course, Jim McLean golf school, Cliff Drysdale tennis school, a spa, fitness center and equestrian center. The Golf course is scheduled to open April 30, 2011.

In return members of Red Ledges will soon enjoy access to all St. Regis amenities as well as to the private Deer Crest Club. Deer Crest Club offers a private lounge with lockers and ski in ski out success.

Private transportation vehicles will escort members between St. Regis and Red Ledges.

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Sundance Film Festival generated more money this year!

By Steve Blankenship
Feb 08, 2011

In the past two years we all felt the effects of the recession including the film business. However, this year festival-goers spend money again. Lodging, retail and restaurants enjoyed great sales numbers.

In 2010, the festival generated $62.7 million in economic impact, a significant sum for an 11-day event but down sharply from the year before. The 2009 festival generated $92.2 million in economic impact.

Sundance experts say the exact numbers for this year's festival will be compiled by late spring. The 2011 Sundance Film Festival was up 12 percent over last year in overnight visitation.

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Will Park City soon be home to Costco, Target & a Military Resort Hotel?

By Steve Blankenship
Feb 05, 2011

After the Air Force has sought a location for a resort hotel in the Park City area for years, they might have found a location. The hotel shall be located near Jordanelle Reservoir in Wasatch County. The 60 to 200 rooms will be rented to servicemen and women at a special rate.

In conjunction with this the military wants to build a commercial center which includes a Costco in Silver Creek near Home Depot. The land is currently owned by Summit County and shall be sold for about $42,056 per acre. The county is only selling the property if it will be used for a Costco and possibly a Target.

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Park City, Utah: Top 10 Places to visit in 2011

By Steve Blankenship
Jan 11, 2011

The New York Times named Park City, Utah one of the top destinations in its article "Where to go in 2011". Park City ranked number 9 after destinations like Thailand, Milan, Santiago and London. It is one of the few ski destinations included in the The Times top 41.

The well-recognized newspaper honors Park City's new hotels, expanded terrain and events hosted by the ski resorts. It recommends visitors to see events like the FIS Freestyle World Championships hosted by both Deer Valley and Park City Mountain Resort. In addition to that the New York Times reminds not to miss the 300 acres of new skiing and snowboarding terrain at the Canyons Resort with America's first heated chairlift and apres-ski beach.

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Park City Main Street Carriage Rides for the Christmas Season

By Steve Blankenship
Dec 15, 2010

main street park cityPark City came up with a wonderful idea to enhance the festive atmosphere this holiday season. Horse Carriage rides will be offered not just anywhere but in Old Town - Park City. The route will include Park Avenue, Heber Avenue, lower Main Street, the trolley turnaround at the bottom of Main Street and 7th Street. Pick up and drop off will be on the north side of 7th Street. It is to be determined if Main Street south to 5th Street and Swede Alley north from 5th Street got approved as well.

The horse-drawn carriage rides will be available daily December 18 – 29, 2010 between 3 p.m. and 10 p.m. As an exception rides end at 7p.m. on Christmas Eve.

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Canyons Resort finally opens tomorrow!

By Steve Blankenship
Dec 09, 2010

Canyons Ski Resort opensCanyons Park City Real Estate its doors after a big makeover tomorrow, December 10 2010.

The Canyons Resort which was purchased by Talisker two years ago is ready to unveil the first steps of the largest re-creation plan for a ski resort in 20 years. These first steps include moving the Red Pine Gondola closer to the Sundial Lodge. This will be more convenient for guests coming up the cabriolet. In front of the Grand Summit they have added a new lift - the Orange Bubble Express. The bubble seats offer more protection on very cold and snowy days. They also have heated seats.

In addition to the new lifts guests who visit this season will have an entirely new experience of the resort. They expanded the terrain on Iron Mountain by 400 acres, added an exciting ski beach with sun lounges, fire pits and food kiosks, as well as a massive new 1.1 mile long terrain park with 50 plus features.

As I drove by today, they were still working hard to provide a great opening day tomorrow. However, there will still be some construction over the next few weeks. The Canyons received 67 inches of snow so far this season and we certainly hope for more very soon.

Overall, Canyons now offers over 4,000 acres of exceptional skiing and snowboarding terrain, 182 trails, 5 world-class lodging properties including 35,000 square feet of flexible meeting space and a variety of dining options. And the best of it all, it is only a short 30 minute drive from Salt Lake City International Airport.

They have also broken ground for an 18 hole golf course this year. Once the golf course is completed in 2012 Canyons will be a great all season mountain destination.

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Deer Valley opens first Grocery Cafe

By Steve Blankenship
Dec 03, 2010

You like the food at Deer Valley? Today, December 3, 2010, is the grand opening of the first Deer Valley Grocery Cafe. The cafe will be offering fresh baked pastries, soups, chilies, stews, paninis, homemade bread and specialty coffees. Specially prepared take-away entrees are offered as well. The grocery section will include wine and liquor as well as gourmet grocery items. View Menu.

Located in the Deer Valley Plaza the store/Cafe is open daily between 7:30 am and 6:30 pm.

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Biggest Storm in 7 years!

By Steve Blankenship
Nov 23, 2010

Utah is getting ready for the biggest snowstorm in over 7 years. Park City received a 55 inch base over the last week, Alta and snowbird over 100 inches so far. We have received a Blizzard warning in Summit County and are expected to receive another 20 inches by tomorrow morning. It’s time to hit up the resorts. Park City Mountain Resort, Alta, Brighton and Snowbird are open. Deer Valley is expected to open December 4th and The Canyons December 10th.

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