Park City Real Estate News Blog

Spectacular Ski Home Listed in Park City

By The ParkCityInvestor Team
Nov 05, 2019

8 Bedrooms I 10 Baths I 17,606 SF

List Price: $18,975,000

This ski dream home is situated on 4.8 acres in the gated Colony at White Pine Canyon community. Access the great terrain of Park City Mountain - the largest ski and snowboard resort in the country - right from your door steps.

Ski Homes for Sale in Park City Utah

Contact The Park City Investor Team at 435-640-6966 for more information about this or other ski homes in Park City and Deer Valley. 

Colony at White Pine Canyon

By The ParkCityInvestor Team
Oct 22, 2019

The Colony at White Pine Canyon has had a good sales year so far with almost $90 million in closed real estate transactions and an additional $11.575 million under contract. As of October 15th, eleven homes and seven lots have sold. One residence and one homesite are currently under contract.

The developer at the Colony at White Pine Canyon is currently selling the final phase with a few stunning properties left located in a meadow surrounding ponds and waterfalls. The area turns into a cross-country ski track in the winter - designated for phase 5 owners only. In addition to the meadow lots, 18 of the highest elevation homesites are available with the last lot being over 13 acres.

The Colony consists of approximately 274 home sites of which 234 have sold. So far, 166 homes have been built and 29 homes are currently under construction. Lot sizes range from two to 113 acres. It is rare to find ski-in ski-out homesites of this size anywhere in the country.

Each lot owner is allowed to build within a specified building envelope. Permitted is a main residence along with a separate guest house and an accessory building. 10 ski lifts are located within the Colony to date connecting to both the Park City and Canyons Village side. All utilties including fiber optic internet are available

With almost 90 percent of preserved land, the Colony offers luxury living, ski access and privacy in one of the most beautiful areas of Park City. The Colony is located an easy 35-mile drive from Salt Lake International Airport and 5 miles from Park City's Main Street.

Get a $50k incentive when you purchase one of the 21 remaining developer homesites priced from $1.8 to $5.5 million. Homes currently range from $3.99 to $14.950.

Interested in a lot or residence at The Colony at White Pine Canyon? Contact The Park City Investor Team at 435.640.6966 for more information.
 

Colony at White Pine Canyon Park City Utah Real Estate Homes for sale Colony at White Pine Canyon Park City Utah Colony Park City Utah Real Estate

Colony at White Pine Canyon Real Estate Update

By The ParkCityInvestor Team
Apr 22, 2019

The Colony at White Pine Canyon had a good first quarter of 2019 with four homes and five home sites sold. Three additional homes are currently under contract and scheduled to close soon. The total sales volume for the first quarter is $34,955,000.

In 2018, the Colony saw $113,440,000 in sales volume with 12 homesites and 7 custom homes sold.

Right now, 27 homesites are available, priced from $1.9 million to $5.5 million, and 10 custom homes for sale, priced from $5,975,000 to $14,950,000.

The Colony at White Pine Canyon features some of the largest ski-in ski-out lots in the country with home sites averaging six acres in size. The Colony is a gated community nestled within the largest ski and snowboard resort in North America. It is surrounded by more than 400 miles of single-track hiking and biking trails in the summer. Over 90 percent of the 4,600 acre development is dedicated to open space.

Interested in Park City property?

Contact The Park City Investor Team at 435-640-6966 for more information. Set up your property tour today.

Colony at White Pine Canyon Real Estate

Properties taking Reservations - NOT listed on MLS

By The ParkCityInvestor Team
Feb 22, 2019

CANYONS VILLAGE

** Pendry Park City at Canyons Village has received over 40 reservations of interest. Monday specific unit reservations will be finalized and the developer will raise the prices!!

** Ridge at Canyons Village located on Red Pine Road between Silverado and Sunrise Lodge, Ridge will feature spacious four and five-bedroom residences.

** Viridian at Canyons Village - townhomes across from Waldorf Astoria. On the golf green. Steps from the Frostwood Gondola.

** White Pine Canyon Village at Canyons located on White Pine Canyon Road adjacent to Black Rock Residences - steps from the Lower Village Cabriolet.

DEER VALLEY

** New Larkspur building featuring 3 luxurious townhomes. Currently all reserved. Backup position possible.

** Moon Shadow Estates in Empire Pass features 8 lots for sale. Lots are starting at $2 million and allow homes up to 8,000 SF. As opposed to other areas in Deer Valley limited building restrictions exist and it is possible to build an ultra modern home. Reservations are being taken.

** Tower Club Residences in Empire Pass only 4 of the 12 Residences are still available for reservation.

JORDANELLE

** Klaim at Jordanelle - these will go fast! Townhomes starting at $600k. Nightly Rentals allowed.

** Mayflower Lakeside - only 8 of 48 residences remaining - new condos featuring lake views and easy access to the Deer Valley gondola. Once Sky Ridge is finished an equestrian center and golf academy will be in close proximity.

** Skyridge - located on the west-side of Jordanelle. Currently taking reservations for lots in Phase 1.

** Tuhaye - lots of new construction coming up. The developer will break ground on a number of new modern 2 to 3 bedroom villas. Each cabin home will feature large window fronts to showcase the spectacular views of the golf course and mountain vistas. Prices starting at $1.5 million and purchase will include a full Talisker membership. Amenities include a championship golf course, club house, pool, fitness center, spa, access to Tower Club in Empire Pass and a new lounge/restaurant on Main Street. More to come!

** Victory Ranch - now offering 1/8th Fractional Interest residences starting at $395,000.

Ridge Park City - New Townhome Community at Canyons Village

By The ParkCityInvestor Team
Feb 11, 2019

Ridge is a new townhome development coming to the Upper Canyons Village in Park City, Utah. Ridge will be located on Red Pine Road between Silverado Lodge and Sunrise Lodge by Hyatt Grand Vacations.

Ridge will offer uphill and downhill floor plans with townhomes ranging from approximately 2,600 to 3,600 square feet with four and five bedroom floor plans.

Prices are starting at $1.6 million with construction to begin in the spring of 2019.

Insure that you have the best representation when buying and/or selling Park City Real Estate. Contact The Park City Investor Team at 435-640-6966 for more information about real estate at Canyons Village.

Ridge Park City - New Townhomes at Canyons Village Ridge Park City Utah - Townhomes for Sale at Canyons Village Ridge Park City Utah - New Townhomes at Canyons Village

Pendry Park City Ready for Reservations of Interest

By The ParkCityInvestor Team
Jan 22, 2019

Pendry Park City is getting ready to take reservations! Fully furnished, studio to four-bedroom residences will range from $425,000 to $3.6 million with a wide array of floor plans available.

LAUNCH PRICE RANGES  

Studio | 446 - 595 SF | $425,000 - $675,000

1 Bedroom | 486 - 1045 SF | $495,000 - $995,000

2 Bedroom | 1023 – 1646 SF | $925,000 - $1,650,000

3 Bedroom | 1509 – 2156 SF | $1,375,000 - $2,595,000

4 Bedroom | 2357 – 2514 SF | $2,650,000 - $3,600,000

Square footages are subject to change without notice.

Pendry Residences Park City is sister-brand of Montage Resorts - representing the same culture of service with an inspired, fashion-forward and design-driven approach. Pendry is going to be located in the Upper Village just steps from the Sunrise Chair Lift - surrounded by Lift, Sundial Lodge, Westgate and Hyatt Centric.

Amenities will include the only rooftop pool and bar in the area, a luxury spa, a state-of-the-art fitness center, the Pinwheel Kids Club, 7,000 square feet of indoor meeting space and a 4,000 square foot ballroom. Also planned are a unique lounge, restaurant and bars including a Japanese-American steak and chop house as well as a casual American restaurant.

Construction is set to begin in the spring/summer of 2019. Completion is planned for winter 2021.

Contact The Park City Investor Team - Your Local Real Estate Team - at 435-640-6966 to get on our list of interest. We will keep you informed about the upcoming dates regarding the release of final individual residence pricing, when reservations for specific residences will be taken. February 28th will the BIG SELECTION DAY out of all interested buyers.

Pendry Park City Utah - Residences for Sale Canyons VillagePendry Residences at Canyons Village Park City UtahPendry at Canyons Village Park City Utah - Condos for Sale Pendry Park City Utah - Condos for SalePendry Park City UtahPendry Park City Utah - Luxury Condos at Canyons Village

 

 

Pendry Hotel & Residences coming to Canyons Village

By The ParkCityInvestor Team
Nov 19, 2018

Pendry Hotels just announced that it has chosen Park City, Utah as its first mountain resort. Pendry Park City is going to be located in the upper village just steps from the Sunrise Chair Lift - surrounded by Lift, Sundial Lodge, Westgate and Hyatt Centric.

Pendry Park City is going to offer approximately 150 guest room and suites as well as luxury residences. The contemporary resort hotel will feature an alpine feel with a mixture of wood, stone and metals.

Amenities will include the only rooftop pool and bar in the area, a luxury spa, a state-of-the-art fitness center, the Pinwheel Kids Club, 7,000 square feet of indoor meeting space and a 4,000 square foot ballroom. Also planned are unique lounge, restaurant and bars including a Japanese-American steak and chop house as well as a casual American restaurant. Construction is set to begin in the spring/summer of 2019. Completion is planned for winter 2021. Prices to start in the $400s.

Insure that you have the best representation when it comes to buying and/or selling Park City Real Estate. Contact The Park City Investor Team at 435-640-6966 for more information about Pendry Park City and Real Estate at the Canyons Village. The Park City Investor Team will keep you updated with the latest information about the reservation process.

Pendry Hotel & Residences Park City Utah - Condos for Sale

The Colony at White Pine Canyon: New Lot Release

By The ParkCityInvestor Team
Sep 23, 2018

The Colony at White Pine Canyon is one of the most exclusive ski-in ski-out communities in the Park City area featuring some of the largest ski-in ski-out lots in the country.

Tuesday, September 25, is the official release date for their new phase of Meadow Lake lots. Meadow Lake lots range from 2.4 to 13.36 acres. The new lots offer stunning views as well as projected private ski access. Pricing ranges from $1.9 to 4.508 million.

The Colony is the only ski community in Park City which permits homeowners to build their dream home along with a separate guest house and an accessory building.

Contact the Park City Investor Team at 435-640-6966 to receive more information about the Colony at White Pine Canyon. Schedule a property tour today!

Ski In Ski Out Park City Utah Canyons Village

Hotel Ascent Coming to Canyons Village

By The ParkCityInvestor Team
Jul 05, 2018

Hotel Ascent is a new full-service hotel coming to the lower Canyons Village in Park City, Utah. This spectacular new project will be located on the 11th Fairway of the Canyons Golf Course across from the Waldorf Astoria and Frostwood Gondola. The 120 condos at Ascent will feature studio and one-bedroom floor plans with approximately 350 to 620 square feet of living space. All residences will showcase high-end mountain contemporary finishes with a kitchenette, fireplace, king-size bed, pull-out sofa, sitting area, washer/dryer and a balcony to take in the views of the golf course, ski slopes and mountain vistas. Amenties include a front desk, valet, ski storage, room service, a small conference space, outdoor pool, hot tub, fitness room and underground parking. Each condo will have one reserved underground parking spot.

Prices are starting the $300,000's. Selections are starting in August of 2018.

Condos for Sale at Canyons Village Hotel Ascent

Hot Buy: Colony at White Pine Canyon

By The ParkCityInvestor Team
May 15, 2018

The Colony recently released its final phase (phase 5) consisting of 13 spectacular home sites. The lots are located at the upper meadow surrounding five beautiful lakes and waterfall-stream. All properties are flat building pads nestled within aspens and pines.

Real Estate at the Colony at White Pine Canyon has been very popular among buyers in the Park City real estate market. In fact, in the past 360 days 32 properties sold and three additional properties are currently pending escrow. 18 of these properties sold this winter.

The Colony at White Pine Canyon is a gated community nestled adjacent to Canyons Village at Park City Mountain Resort and features some of the largest ski-in ski-out properties in North America. The Colony Park City is the only ski community in Park City allowing homeowners to build a home along with a separate guest home and an accessory building.

The Colony at White Pine Canyon is comprised of 274 properties offering extraordinary beautiful views and a lot of preserved open space. The Quicksilver Gondola connecting Park City Mountain and Canyons Village is situated within the Colony.

Currently only about 25 percent of developer product is still available for sale. Over 200 lots have sold and more than 155 homes have been built with 32 homes currently under construction.

If you are looking for a ski home and love skiing and/or snowboarding Park City Mountain Resort - The Colony is a place to check out. Contact Steve Blankenship at 435-640-6966 to receive more information about properties for sale. Schedule a property tour today!

YotelPad: New Development coming to Canyons Village in 2019

By The ParkCityInvestor Team
Jan 16, 2018

YOTELPAD is a new hotel development that will be located just below the Grand Summit at Canyons Village in Park City, Utah.  YOTELPAD will consist of 145 to 150 compact contemporary condominiums, being referred to as PADs. While a few of these projects exist worldwide – YOTELPAD Park City will be the first to offer the branded PADs for sale. Typical PADs run between 338 and 1,013 square feet. While most of the PADs will be studios, some larger one, two and three bedroom condos will be available. Due to their small size each PAD will feature multi-functional furniture, a work/relaxing area, bathrooms with monsoon rain shower, kitchenettes and large view windows. Each unit comes with 1 parking space.

According to the developer YOTELPAD is a concept bringing together modern design, efficient interior space planning, technology, extensive amenities and affordability at the base of the mountain. Amenities are to include an outdoor pool, hot tub, and numerous fire pit areas. The pool deck is planned to connect to the indoor social spaces including a lounge, fireplace area, game room, kid zone and terrace. Valet service and ski/board/bike will be provided. Low HOA's.

The Resort PADS will be sold next month (February) through a Priority Reservation Program with prices starting at $275,000. Set to open in 2019.

Park City Area Real Estate News

By The ParkCityInvestor Team
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

 

Park City Real Estate News

By The ParkCityInvestor Team
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 The ParkCityInvestor Team
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.

Park City Real Estate Market: 2016 Summary

By The ParkCityInvestor Team
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

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