Black Rock Ridge - New Release

By Steve Blankenship
Jan 12, 2018

The developers at Black Rock Ridge are about to release their next set of condos for reservations! Black Rock Ridge is located off highway 248 - just 5 minutes from the Park City city limits.

Building 5 is going to feature 20 condos for sale of which 10 are facing Deer Valley views and the other 10 are facing hillside views. Black Rock Ridge has been a highly-sought after development for years and reservations roll in quickly. Act fast! Contact me about the available residences before they hit the MLS.

Also up for reservation soon will be phase 2 of the Black Rock Ridge Luxury Condos which feature 193 mainly two bedroom residences. Amenities will include a year round heated outdoor pool, hot tubs, fitness center, game room, sauna, steam room, towel service. These amenities can be used by all Black Rock Ridge owners for a small fee. All of the residents and renters, however, will have access to heated underground parking, outdoor parking, and the restaurant, market, and spa that will eventually be in the commercial portion of the building. 2 ice rinks in the project are expected to bring in tournaments throughout the year to keep your units rented!

Contact Real Estate Agent and Associate Broker Steve Blankenship at 435-640-6966 for more information about the reservation process of condos in Building 5, current resales and/or condo reservations at Black Rock Ridge Luxury Condos which start in the $370's. Construction for those begins this spring. Completion set for the first half of 2019.

Amazing amenities offered in Park City!

By Steve Blankenship
Jan 10, 2018

Besides the amazing views and access to the greatest snow on Earth, Park City real estate offers more great amenities:

  1. Montage Deer Valley offers its guests guided hiking/biking day trip excursions via private jet to Moab.
  2. The Shed Clubhouse at Promontory Ranch Club offers something for everyone in the family such as a grill and soda fountains, a fully stocked art studio, 50-seat movie theater, basketball/volleyball arena as well as a bowling alley and arcade games. In addition to that, amenities include an equestrian center, a beach club with sandy beach, pool and water activities as well as two-championship golf courses.
  3. Victory Ranch has over 4,000 acres of pristine backcountry that is preserved and protected for exclusive use of its owners and members. The staff can help arrange cross country skiing, fishing, yurt camping, hiking and hunting. In addition to that Victory Ranch has an Owner/Member ski lounge on Main Street stocked with beverages, snacks and ski storage.
  4. St. Regis Deer Valley offers daily champagne sabering and is known as one of the best apres ski parties in town. Owners at St. Regis can also enjoy golf amenities at Red Ledges.
  5. Stein Eriksen Lodge makes everyone's stay special. Upon request the resort hotel will even provide a tent for children to play and sleep in.

Insure that you have the best representation when buying and/or selling Park City Real Estate. Contact Park City Real Estate Specialist Steve Blankenship at 435-640-6966 for assistance with your Park City property search.

Promontory Real Estate for SaleVictory Ranch Real Estate for SaleMontage Deer Valley Real Estate for Sale

Happy New Year from Park City!

By Steve Blankenship
Jan 09, 2018

Happy New Year to all my past, present and future clients! I hope your holiday season was filled with lots of joy and laughter. I want to take a brief moment to THANK all of you for your continued loyalty and support - allowing me to work with you and putting me in the Top 1% of KW Real Estate Agents nationwide. What a great honor! 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. I am looking forward to keep doing what I love and work with your for many years to come. I wish you a successful New Year filled with lots of happiness and good health.

Just a quick update on the newly passed tax law. Congress says its a gift for us, but is it?

In 2017 we learned to expect the unexpected, whether it be in politics, weather or the housing sector. Little about the housing market went as forecast last year. Instead the market got hotter, the inventory tightened, prices rose, mortgage rates barely budged and new home construction picked up.

Experts foresee the following for 2018:

1. The pace of sales will slow early in the year—but not for long.

2. Inventory will continue to be a drag.

3. Price growth will slow—but not stop.

4. The rent versus buy equation could tilt toward renting in costly markets.

5. Mortgage rates will hover around 4%.

6. Millennial demand for housing will keep climbing.

In summary the reform should be good for real estate, with tax advantages for pass-through entities improving. Before making decisions based on tax reform, please be sure to speak with a tax accountant up to date on all real estate rules, as those will be coming fast and furiously from the IRS!

Insure that you have the best representation when buying and/or selling Park City real estate. Contact Steve Realtor and Associate Broker at 435-640-6966 for more information about Utah properties.

Most Exquisite Properties in the Park City area

By Steve Blankenship
Oct 10, 2017

  1. RIVERBEND RANCH

Riverbend Ranch is by the far the most unique property in the greater Park City area. Located in the scenic Weber Canyon, just outside of Oakley, this spectacular ranch offers 1,918 acres of complete privacy. The beautifully furnished 16,800 square foot estate features stunning river views, eight bedrooms, 9 baths as well as 11 fireplaces, movie theater, wine cellar and an eight-car garage. The property also has a tennis court, heli-pad and a large riverfront barn. Some scenes of the TV show Blood and Oil with Don Johnson was filmed at the property.

2. COLONY AT WHITE PINE CANYON ROAD

This property is a gem and perfect for anyone looking for a large home or property to host corporate retreats and large family gatherings. Located on 5.53 acres of prime ski property with access to two lifts right in front of your house. This ski lodge offers over 33,000 square feet of living space with 14 bedrooms and 22 baths, a 20 locker ski prep room, an 18-car heated garage, spa, sauna, steam room, fitness room, wine cellar, movie theater and most importantly spectacular views.

3. RED CLOUD AT EMPIRE PASS

Stunning new construction home in Empire Pass - the most exclusive area for ski properties in Deer Valley. This  ski-in ski-out property is located on 1.1 acres in the gated community of Red Cloud. The 11,003 square foot mountain contemporary ski home features 8 bedrooms, 12 baths, 17 foot ceilings, fitness room, steam room, sauna, hot tub, as well as ski prep room and five-car garage. To be completed before Christmas.

The Park City real estate market offers many more spectacular properties for sale. Please call Real Estate Expert Steve Blankenship at 435-640-6966 and see what we have to offer within your criteria.

New Release: Black Rock Ridge Luxury Condos

By Steve Blankenship
Oct 09, 2017

The developers of Black Rock Ridge have just released their new luxury condo collection which is going to be located south of south entrance - along highway 248. 32 condos have been released for phase 1 - not yet listed on the MLS - 24 of those received reservations within the first day.

Black Rock Ridge Luxury Condos will consist of 193 condominium residences offering two bedroom floor plans on approximately 1,300 square feet of living space as well as two three-bedroom penthouses that are located on the top floor offering two-level living on almost 2,000 square feet. Buyers with a pre-construction reservation are able add a lock-out option to their residence to maximize rental income.

Amenities at Black Rock Ridge Luxury Condos will include a lobby, restaurant, market, spa, underground heated parking as well as access to conference rooms. Two ice rinks are planned to be added in the next few years to attract tournaments. Additional amenities can be accessed with a Black Rock Club membership. Those amenities include a year-round heated outdoor pool, hot tubs, fitness center, steam room, sauna, towel service and a private game room.

Long-term and nightly rentals will be allowed at Black Rock Ridge Luxury Condos. Condominiums will be sold unfurnished but furniture packages will be offered. Projected completion of the phase 1 is set for fall of 2018.

Insure that you have the best representation when buying and/or selling Park City Real Estate. Contact Real Estate Broker Steve Blankenship at 435-640-6966 for more information about the project and its reservation process.

Park City Area Real Estate News

By Steve Blankenship
Sep 05, 2017

Canyons Village Real Estate The Lofts at Blackstone Residences - Only 3 units remaining in the first of three buildings. Completion set for December 2017. These single-level residences offer approximately 1,100 to 1,500 square feet. Steps from Cabriolet at lower Canyons Village.

Promontory Real Estate Promontory real estate sales remain strong. This year they will total sales of over $235 million. Their newest amenity – The Beach House – is one of a kind in the Park City real estate market. Promontory is a beautiful golf community and the amenities are unbeatable. Home prices range from $1,250,000 to $25 million. Lots in Northgate Canyon (backside) start at $65,000 while the lowest priced lot with Park City views sells for $219,000.

Deer Valley Real Estate 11 reservations have been received for the Goldener Hirsch so far. Looking for new construction in Deer Valley? Contact me for more information for property at Empire ResidencesNakomaOne EmpireStein Eriksen Residences and The Belles at Empire Pass.

Jordanelle Real Estate The developer of Park's Edge only has three more buildings to build and release for sale. Contact me to put in a reservation for the remaining 14 townhomes. Prices start at $415,900.

Shoreline is going to be a new development in the Hideout Canyon area. The developer of Rustler and Park's Edge is going to build over 700 twin homes west of highway 248 that are going to be similar to their popular Rustler project.

Commercial Real Estate Real Estate for sale on Main Street - please call me directly at 435-640-6966.

Synergy Commons - New mixed use storage and commercial real estate at Quinn's Junction. Prices start at $565,000 for 2,826 square feet. Garage and first level can be used as shop, top floor can be a fully customized office or studio.


Contact Real Estate Broker Steve Blankenship at 435-640-6966 or email steve@parkcityinvestor.com for more information and assistance with your real estate search.

Goldener Hirsch Deer Valley Real Estate for Sale - Reservations Promontory Real Estate - Promontory Real Estate Agent The Lofts at Blackstone Residences - Canyons Village Real Estate - Condos for SaleCommercial Real Estate Park City Utah

 

Deer Valley Resort® acquired by Aspen Skiing Co.

By Steve Blankenship
Aug 21, 2017

Aspen purchases Deer Valley

Aspen Skiing Co. has entered into an agreement to acquire Deer Valley Resort® and the transaction is anticipated to close prior to the upcoming 2017-2018 season. Financial terms have not yet been disclosed. Aspen Skiing Co. is one of the nation’s biggest ski operators and they are now trying to compete with Vails Resorts’ Epic Pass which allows season pass owners to ski ten American and three international ski resorts.

Bob Wheaton, General Manager of Deer Valley Resort®, announced this morning that no immediate changes are planned for the upcoming season. The resort will run as usual and the season passes sold will not allow access to other resorts. Solitude is not included in the purchase. Deer Valley Resorts will continue to run Solitude. Bob Wheaton will maintain his position as General Manager. There are currently no plans to allow snowboarding. Furthermore, the Aspen resorts remain a separate company owned by the Crown family.

About Intrawest Resorts, Inc., Mammoth Resorts, Squaw Valley Ski Holdings and the New Joint Venture (new name and identity to be announced before ski season)

The new joint venture is a North American mountain resort and adventure company, delivering distinctive vacation and travel experiences to its customers. The partnership was formed in April and the deal was valued over 1.5 billion. Together, Intrawest, Mammoth Resorts and SVSH own and/or operate 12 four-season mountain resorts with approximately 20,000 skiable acres and significant land available for real estate development.   The mountain resorts are geographically diversified across most of North America’s major ski regions:  Squaw Valley, Alpine Meadows, Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California; Steamboat Ski & Resort and Winter Park Resort in Colorado; Blue Mountain Ski Resort in Ontario; Mont Tremblant Resort in Quebec; Stratton Mountain Resort in Vermont; and Snowshoe Mountain Resort in West Virginia. In addition, the company owns Canadian Mountain Holidays heli skiing operations and 1,100 acres of land for real estate development.

Contact Steve Blankenship at 435-640-6966 for more information about buying and/or selling Deer Valley Real Estate. Visit Deer Valley Real Estate to search for a property that is right for you. Listings are updated daily.

Deer Valley Real Estate News

By Steve Blankenship
Aug 01, 2017

GOLDENER HIRSCH

The Goldener Hirsch Inn is expanding and building on the last remaining parcel in the Silver Lake Village. The modern mountain ski lodge will offer 39 contemporary condominium residences consisting of a mix of studio, one, two, three and four-bedroom models with approximately 570 to 3,300 square feet of living space. Lock-off options available. All residences come fully furnished. Pricing ranges from $690,000 for a studio to $4,880,000 for a 4-bedroom penthouse. The residences are not yet officially listed on the MLS but contact Steve at 435-640-6966 for early launch and reservation pricing. Reservations starting today!

MONTAGE DEER VALLEY

The developer is discounting his last remaining residences. Click here to see remaining inventory and contact Steve at 435-640-6966 for more information.

LOWEST PRICED SKI-IN SKI-OUT LOT IN DEER VALLEY

This amazing 0.98 acre lot is located in the exclusive gated community of Deer Crest. It is the lowest priced ski-in ski-out lot available for sale in all Deer Valley. Build your home right on the ski trail and enjoy beautiful views of Jordanelle Reservoir. List price $2,000,000

Park City Real Estate News

By Steve Blankenship
Jun 22, 2017

An Absolute Auction will be held at the Colony at White Pine Canyon – a gated community - on July 8. This is your chance to score a stunning ski-in ski-out home for a great price!! The mountain modern estate was built in 2011 and features seven bedrooms and 8 baths on approximately 13,248 square feet. Every room features spectacular views. With 18.9 acres this is one of the largest ski properties in Utah. Current list price is 8,995,000. For more information contact Steve at 435-640-6966.

Virdian at Canyons Village is going to be a new development across the street from the Waldorf Astoria and just steps from the Frostwood Gondola. The developer originally planned to be built a luxury golf development with one to four bedroom condominium residences. The project will now feature townhomes with three, four and five bedroom floor plans instead. Prices will range from just under $1 million up to approximately $1.7 million. Contact me at 435-640-6966 to get on the list and receive first hand information as soon as the project is being relaunched this summer.

 

New Park City Condos to be released in the $500,000s!

By Steve Blankenship
Mar 17, 2017

Blackstone Residences at Canyons Village are going to release their first of three condominium buildings. The developer has broken ground for building 1 already. There will be 24 condos in building 1. The condominiums offer 1,159 to 1,500 square feet of single-level living space. Four floor plans available. Located adjacent to golf course and steps from cabriolet in the lower Village. See below for renderings. Prices starting in the $550,000s. They may be released in May but reservations will start before then.

Contact Real Estate Broker Steve Blankenship at 435-640-6966 for more information about how to reserve a residence at Blackstone.

Residences at Blackstone - Condos for Sale - Canyons Village Real Estate Park City, UtahBlackstone Residences - Canyons Village Real Estate - Condos for SaleBlackstone Residences Condos for Sale - Living Room - Alpine FloorplanBlackstone Residences Condos for Sale at Canyons Village - Bedroom - Alpine Floorplan

Wasatch Springs is located adjacent to Park's Edge and The Retreat at Jordanelle off Highway 248 - just a few minutes from Park City and Jordanelle Reservoir. The townhomes and duplexes are going to feature designer finishes, the latest trends in home design and smart home technology. Three floor plans to choose from. Offering three and four bedroom townhomes with approximately 1,500 to 2,800+ square feet. Each residence has an attached two-car garage.

30 homes will be built but only ten will be released in phase 1. More townhomes will be built on demand after that. Construction averages five to seven months. Pricing $450,000-$600,000.

Wasatch Springs - Park City Townhomes for SaleWasatch Springs - Affordable Condos for Sale Wasatch Springs - Park City Real Estate - Townhomes for Sale Wasatch Springs Real Estate for Sale - Park City Condos for Sale

Insure that you have the best buyers representation when buying a condo in Park City, Utah. Contact Real Estate Broker Steve Blankenship at 435-640-6966 for more information about how to reserve a condo at Blackstone Residences or Wasatch Springs.

New Development: Empire Residences Deer Valley

By Steve Blankenship
Jan 17, 2017

Empire Residences is a new luxury ski-in ski-out development coming to the very exclusive and highly sought-after Empire Pass community in the Deer Valley real estate area of Park City, Utah. Located off Marsac Avenue, Empire Residences will be nestled at the base of the Silver Strike chairlift at Deer Valley Resort®.

Each of the 19 extravagant ski residences will feature modern mountain design and spectacular views of the Park City valley, the ski slopes as well as the village at Empire Pass. The building has been designed to maximize the views for each condominium residence. Empire Residences will offer two, three or four bedroom floor plans with expansive outdoor decks and a private entry which can be accessed via one of two elevators that offer direct access to the residences through a foyer to ensure a private and personal arrival.

Amenities at Empire Residences are to include a covered arrival, an aprés-ski lounge, a game room, fitness center, ski locker room and “ski beach”, with a generous hot tub and fire pit. Each condominium includes a dedicated underground parking stall with personal storage spaces. Owners will also enjoy an exclusive membership at the Talisker Club that provides golf and additional on-mountain amenities.

Empire Pass is also home to other astonishing real estate developments such as Montage Deer Valley, Arrowleaf, Larkspur, Flagstaff, Grand Lodge, Ironwood, Nakoma, Paintbrush, Red Cloud, Shooting Star, Silver Strike Lodge and The Belles at Empire Pass.

This project is not yet listed on the MLS but they have started taking reservations! Inquire about pricing and get information what residences are still available.

REQUEST MORE INFORMATION TODAY!! CONTACT KW REAL ESTATE BROKER STEVE BLANKENSHIP AT 435-640-6966 OR EMAIL STEVE@PARKCITYINVESTOR.COM.

Empire Residences Real Estate for Sale - New development in Deer Valley of Park City Utah Empire Residences - Location - Deer Valley Real Estate for Sale - New developmentEmpire Residences - Empire Pass Deer Valley Real Estate

Deer Valley Real Estate Update

By Steve Blankenship
Jan 02, 2017

The Goldener Hirsch Inn & Restaurant is one of the most popular condominium hotels and restaurants in Upper Deer Valley. The luxurious boutique hotel has been owned and operated by the Eccles family since 1992. We have exciting news for everyone who loves the brand and is interested in ownership. The Goldener Hirsch is going to expand and it will be the first new development in Silver Lake Village in over a decade. The new project will offer 38 contemporary residences ranging from studios to one, two and three bedroom floor plans on the last remaining parcel in Silver Lake Village.

Amenities for the new luxury ski hotel addition will include a front lobby with check-in, valet & concierge,  a lounge & outdoor patio with fire pits, rooftop pool & a hot tub with stunning views, a fitness center adjacent to the rooftop pool, a ski/boot locker room with Aprés-Ski Lounge, a Conference Center and underground parking.

More than 10 sales reservations have been received since the project has been released. Construction has begun. Completion planned for winter 2019.

Contact KW Real Estate Agent and Deer Valley Real Estate Expert Steve Blankenship at 435-640-6966 for more information about the reservation process.

Goldener Hirsch Real Estate - Deer Valley - Park City Utah Condos for Sale - Deer Valley Real EstateGoldener Hirsch - Condos for Sale - Park City Utah Real Estate

Park City Real Estate Market: 2016 Summary

By Steve Blankenship
Jan 01, 2017

The market stats for 2016 are in. Overall, the Greater Park City and Heber Valley real estate market is continuing its climb and returning to its previous 2007 Records in some areas. Sales volume, median sales prices, and the number of listings are up in most areas. This is in-line with a similar state-wide trend. Utah is one of the top states in the country when it comes to home price appreciation. While Utah experienced a 9.5 percent home price appreciation in 2016, the Park City Multiple Listing experienced an even greater appreciation of 15 percent, with median prices rising in all four major areas. Prior years saw an average of 7.5 percent increase in price per year. Reason for this is that both local and statewide economies are becoming more diverse.

While total sales volume in the greater Park City area topped $1.7 billion in 2016, we are still feeling a sting of low inventory. Even though inventory was up 4.5 percent it is still not enough to meet demand. As a result we are seeing a lot of home buyers drawn to put in reservations for one of the many new lodging developments being built in Deer Valley, at Canyons Village and around town. High demand and low inventory are the main reasons that appreciation was up to double digits in some neighborhoods. As a result, we are starting to see buyer resistance to pricing in some of the popular neighborhoods such as Silver Springs.

Single Family Homes

The number of home sales in Lower Deer Valley has doubled with a 15 percent increase to just under $2 million. While sales prices in Old Town and Park Meadows grew to $1.48 and $1.59 the sales volume in both areas are down. In Jeremy Ranch we have seen 52 home sales which is about one per week with a median price of $922,000. Trailside had a 35 percent increase in sales and saw a 13 percent increase in median price to $723,000. The Heber Valley remains a hot market. 359 homes sold last year (triple of what sold in 2015!) for a median sales price of $349,000. 40 percent of Midway homes are now second homes.

Condominiums

Old Town experienced the most condominium sales, with 118, at a median price of $568,000, a 26 percent rise. We also saw strong sales at Canyons Village and in Pinebrook. Condos at the Canyons averaged 10 sales per month with a 53 percent jump in median price to $615,000. Pinebrook had 63 sales with a median price steady at $437,000. Condominium sales in the Jordanelle area experienced a 28 percent increase in volume of sales, at a median price of $479,000.

Low inventory coupled with increasing median sales prices suggests that it's an ideal time to consider selling your property. Our market is complex and both trends and data can differ significantly between neighborhoods. Contact Steve today at 435-640-6966 to discuss how your home value is affected by these market trends or how spring may just be the perfect time for you to list your home or look for a new home.

Park City Real Estate Market 2016 - Park City LimitsPark City Real Estate Market 2016 - Snyderville BasinPark City Real Estate Market 2016 - Heber ValleyAverage Time to sell Property in Park City Utah 2016

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.

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