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

 

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.

 

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.

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.

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!

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.

Kimball Junction Changes!

By Steve Blankenship
Aug 26, 2012

Here is a map of the upcoming changes to the commercial area at Kimball Junction.

Park City Real Estate Market On The Road to Recovery!

By Steve Blankenship
Jul 23, 2012

According to the Park City Board of Realtors, the 2nd quarter of 2012 is showing signs of market stabilization. Real Estate in the Park City area just experienced its highest number of sales and sales pending of any first half of the year since 2007.

Single Family Homes made up most of the market in the first half of 2012 with 46% of market sales and 57% of dollar value.

Year

Properties Sold or Pending Sales

2007

610

2011

451

2012

486

Total Sales Volume: $347,392,785

Sales and Inventory:

Prices: Home & Condo sales up 3% over the last year. All property types median value increase of 11% over the last year.

Old Town: Median home prices down 14% from last year.

Park Meadows: Median Home prices up 7% from last year.

Kimball Junction: Median Home prices up 33% from last year.

Pinebrook: Median Home prices down 9% from last year.

Distressed Properties:

Foreclosures and short-sales made up 17% of all sales in the first half of 2012, compared to 27% in 2011.

Kimball Junction area expanding!

By Steve Blankenship
Apr 30, 2012

http://www.boyercompany.com/uploads/PCTRend2Kimball Junction will go through a major expansion in the next few years. Summit County Council members approved a 50,000 square foot expansion of The Village at Kimball Junction. The newcomers to The Village will include a Del Taco, a gas station, a bank and the expansion of Smith's Food and Drug store by 11,000 square feet. In addition to that, they began the building process of the new Park City Tech Center, a world-class office and research technology park. Along with these changes, the city is planning to add a 34-unit workforce housing project which is proposed to be located in the northeast corner of the Village, behind the current T.J. Maxx building.

Does Kimball Junction seem to be the right neighborhood for you? View Kimball Junction Homes & Condos for Sale.

Homestead Golf Course Changes Name

By Steve Blankenship
Apr 30, 2012

Utah Golf Course Real EstateWith summer just around the corner, Homestead Resort golf course in Midway, Utah is changing its name to Crater Springs Golf Course. Along with the new name and logo, it will also offer many new features for golf lovers. The resort’s course wants to become one of the premiere golf courses in the state and will add water features, including streams and fountains, and realign the tee boxes. The water features will use the natural mineral water from the nearby crater, adding a stream that allows it to run from Fanny's Pond past the 10th tee to empty into ponds that will be constructed between the 9th and 18th greens. From there the natural mineral water will cascade down, with the main addition being a waterfall that empties into the two ponds in front of the two greens.

The new name and logo are officially launching at the end of April, and renovations are anticipated to be complete in the first half of the summer. The rooms and guest services at the resort have been updated this past winter.

If you want to make Midway your first-or second home – view all Midway Homes for Sale.

Fannie May Announces Extension for Mortgage Relief Program

By Steve Blankenship
Feb 27, 2012

Fannie Mae and Freddie Mac announced plans last week to extend their mortgage relief programs for unemployed borrowers while they are out of work. According to Fannie’s guidance letter, banks can offer unemployed borrowers up to six months of lowered or skipped payments without seeking prior approval and up to 12 months with a formal approval.

Fannie Mae will start its program extension on March, 1st. Freddie Mac will begin its offering of the extended forbearance period starting on February, 1st. To be eligible, the banks must determine if the “borrower” has less than 12 months worth of mortgage payments in savings and has monthly housing expenses above 31% of their incomes. After the extension period expires, if the borrower is still unemployed or unable to make payments, other options like a permanent loan modification or a short sale will have to be considered.

Why buy in Park City over other Resort Towns?

By Steve Blankenship
Dec 14, 2011

1. Park City is only 30 minutes from Salt Lake International Airport and easier accessible than any other Ski town in the U.S.

2. Utah has less humidity and therefore the perfect powder to ski. Yes, it is the Greatest Snow on Earth.

3. We have 3 world-class Ski Resorts in Park City and 5 more within a 30 mile drive from Park City. They are all a short drive from the airport.

Watch the video below for a comparison in accessibility of the Snowbird and Vail Ski Resorts.

Search Ski Condos or Ski Homes today!

Promontory Plans to Open New Clubhouse in 2012

By Steve Blankenship
Nov 16, 2011

Promontory’s newest club house – The Shed – is scheduled to open in summer 2012. The club house will have some great features:

  • Relaxed Family Dining with a Soda Fountain
  • Billiards and Arcade Games
  • General Store and Mailbox Center
  • A 50-Seat Theatre
  • An Arts & Crafts Studio which may be used as a private dining venue
  • View Deck with spectacular vistas
  • Two Bowling Lanes
  • Gymnasium for indoor sports
  • Outdoor Amphitheater
The Amphitheater will be one of the Shed's most prominent features. You will have tiered lawn seating that can accommodate tables for semi-formal events or picnic baskets and blankets for more casual performances. The Promontory Foundation's association with local arts organizations such as the Utah Symphony and Mountain Town Music will bring additional culture and music to Promontory all summer long.

Another great feature is the 50-seat movie theatre with an adjacent private dining area allowing you to host a dinner or movie party with your friends. Promontory's resident filmmakers will have a venue to screen their latest works and our Kids Cabin Filmmaker Camp will use this for World Premiers of their summer productions.

With 149 new sales closed in 2011, and another 17 already closed or pending in 2012, the on-site sense of community is continuing to grow at a rapid pace. Spectacular buildings and amenities are all enhanced by families who come together here, to build lasting relationships that will endure year after year. It is this vision that makes Promontory such a remarkable place in every season.

Do you want to make the great private golf community of Promontory your home too? View all homes and vacant building lots for sale.

Park City Real Estate Market: Second Quarter Report 2011

By Steve Blankenship
Jul 25, 2011

The second quarter market report shows that Park City Real Estate has seen the highest numbers of sales since the fourth quarter of 2007.

  • Total sales are up 24% while median prices are down 15%
  • Single family home Sales are up 24%
  • Condo sales are up 8%
  • Lot sales are up significantly at 55%
parkcity real estate

Single-Family Home Sales

This segment is going very strong accounting for 44% of all sales and 55% of the total dollar volume. We have even seen a small 1% increase in median price increase. Homes are selling at about 5% off their final list price, very close to the historical norm. This reflects more realistic market list pricing.

Condos

Condo prices in general are below where they were a year ago. Condo prices in the Canyons area are down 32% from a year ago to an average of $485,000, while prices in the Kimball Junction area are down about 23% to an average of about $175,000. However, average condo prices are up in several areas including Empire Pass (now $2,590,000), the Prospector area ($167,000) and even Park Meadows ($741,000).

Vacant Land

Vacant land sales have been the most affected in the economic crisis. However, it is now the segment coming back the strongest in terms of number of sales. Median Prices are down 29%. The strongest activity in lot sales has been in the Promontory area due to buyer’s perception that they are receiving a great value for their money. Our analysis reflects that the market in Promontory may prove to have hit bottom, with average prices on the rise. Promontory lot sales accounted for 42% of all lots sales this period.

Foreclosures

Sales of distressed properties remain a major part of our market, but have dropped to 27% of all sales, down from 35% of all sales at the end of the first quarter. These properties continue to represent only 7% of all properties on the market.

Contact me at 435-640-6966 to fully understand the sales figures to date and the variation in price between the different areas.

Examples:

  • Old Town home prices are down 16.5% to about $1,019,000
  • Park Meadows home prices are up 8.9% to about $1,065,000.
  • Silver Springs home prices are up 9.7% to about $668,500
  • Pinebrook home prices are slightly down to an average of about $662,000
  • Jeremy Ranch average prices are slightly up at $730,000

Park City offers Incentives for Energy Efficient Projects

By Steve Blankenship
May 10, 2011

Are you looking to build or upgrade a home in Park City this year? You can now save up to $1,000 in building and inspection fees if your project includes energy efficient upgrades such as solar panels, wind-energy solutions, ...

With the introduction of this incentive Park City is trying to reduce carbon emissions and boost the local green economy. The incentives are offerd for both residential and commercial buildings. Projects must be completed in 2011.

For more information visit contact City Hall’s Planning and Building department on parkcity.org

Park City Museum offers To Learn History on Skis

By Steve Blankenship
Mar 15, 2011

The Park City Museum is offering a fun way to learn about Park City Utah’s mining history: a guided tour on skis.

You will experience one of the best history lessons skiing by the remains of shafts, process plants, ore bins and cages where miners used to pull silver and zinc out of the mountain.

Tours are free for Park City museum members. Adult intermediate skiers only.

You can become a member of the Park City Museum and help “preserve, protect and promote” Park City history. Memberships start at $55 for individuals and $100 for families.

Tours will continue in the summer as hiking tours.

Park City had 240 inches of snow already this year!

By Steve Blankenship
Feb 18, 2011

The Public Works Department reported recently that this seasons snowfall by mid-January was the largest in 23 years.

The snowfall total required extensive hauling operations in Old Town where many streets only allowed one-way traffic due to the piled up snow on the side of the streets.

According to the Park Record, the crews had hauled 11,500 cubic yards of snow by January 5th. In a typical winter, lasting from November 15 until April 15, 15,000 cubic yards are hauled, the report said. The 11,500 figure represents 77 percent of the total in a normal year that had been hauled by Jan. 5.

This season we had many early snowstorms with the very first one around Thanksgiving.

Let's hope for some more fresh snow for the rest of the season.

Reasons for Buying Park City Real Estate in 2011

By Steve Blankenship
Jan 05, 2011

Welcome back! I hope you had a very enjoyable holiday season and a great start into the new year.

I did take a break myself and certainly got some rest from the very busy past year. However, now I am ready to get back to work and share all my knowledge and strength with buyers and sellers trying to purchase Park City & Deer Valley Real Estate this year. I am looking forward to finding and negotiating the best deals and get you the most for your money.

I have just recently read an article on Investopedia (12/24/2010) about Michele Lerner, author of Homebuying: Tough Times, First Time, Any Time. She offers reasons why real estate is likely to improve in 2011.

Here are five reasons she thinks consumers should consider a home purchase in 2011:

  • Mortgage rates will stay low. Even with rates climbing — maybe to as high as 6 percent by 2012 — they are still well below where they have been historically.
  • Tax cuts could help. Extending the tax cuts could encourage a more rapid recovery for the economy.
  • Americans want to be home owners. A recent Fannie Mae survey showed that Americans still believe a home is a safe and desirable investment.
  • Builders are about to begin building. Home builders have been sitting on the sidelines. This year, they think pent-up demand will create an appetite for new homes.
  • Homes are shrinking. Homes are getting smaller, which has made them more affordable.
Use my website to learn about the different neighborhoods in the Park City area. Call me for market trends, showings and more information on the housing market in Park City.

Hyatt Escala Lodge @ Canyons Resort

By Steve Blankenship
Dec 12, 2010

canyons real estate

Luxury Brand Hyatt Hotels & Condominiums took over the management of the Escala Lodge in November 2010 and announced big changes right away. The ski-in, ski-out condominium hotel is located adjacent to the Sunrise Chairlift at the Canyons Resort here in Park City. The Canyons is owned by Talisker and is the third largest ski resort in North America.

The lodge-style hotel includes three buildings with native mountain stonework and timber frame structure. The Hyatt Escala Lodge offers 85 spacious condominiums which can be divided into 178 residential style hotel suites. The 1 to 4 bedroom units range from 680 to 2,810 square feet. All guestrooms feature 9 foot ceilings, fully equipped gourmet kitchens with stainless steel appliances, washer/dryer, custom stone fireplaces, jetted tubs, European frame-less showers, extensive mill-work and hand carved maple flooring.

At Hyatt’s Escala Lodge guests can also enjoy a fitness center, steam room, heated swimming pools, over-sized spa tubs and complimentary ski valet.

BUYER PERKS:

Real estate at the Canyons Resort is becoming more attractive after Waldorf, Talisker and Hyatt have moved in the resort area.

Buyers of Hyatt condominiums will be able to place their units in a hotel rental program. Owners placing their units in the rental program will be able to participate in the Hyatt Vacation Club meaning they can exchange their time among 15 Hyatt Vacation and Residence Clubs or within Interval International, a third party exchange company with more than 2,200 resorts worldwide.

Hyatt also currently offers two 30-year ski pass valued $60,000 to every buyer of an Escala Lodge condominium. A number of units are also available at pre-construction prices of up to a 30% savings.

The Hyatt Escala Lodge is a good investment. Talisker is bringing major changes to the area. They are updating and expanding the ski resort, putting in an 18-hole golf course, and Hyatt along with Waldorf Astoria are bringing high-end luxury lodging names to the Canyons Resort.

CLICK HERE to check on available listings at the Hyatt Escala Lodge.

Welcome to the Park City & Deer Valley Real Estate News Blog

By Steve Blankenship
Nov 14, 2010

Park City Utah offers some of the best ski-in/ski-out properties in the world and I look forward to providing you with helpful and interesting information about our town and the current Park City and Deer Valley Real Estate market.

Google by Steve Blankenship