Park City Real Estate News

Found 60 blog entries about Park City Real Estate News.

Vail Releases Details of Improvement Plan

20141208_084756_DEC2014_ParkCity_ImprovementsMap_web2 Map is Credited to Vail Resorts

Today, Vail Resorts shared their action and improvement plan with regards to Park City Mountain Resort and Canyons Resort. The plan includes more than $50 million in improvements that will take place in just one season, making it the most ambitions ski resort improvement strategy to date. The changes will create the largest ski resort in America by combining Park City Mountain Resort and Canyons Resort. Here are some specific improvements listed in Vail's comprehensive press release:

The Interconnect Gondola. An eight-passenger, high-speed two-way gondola from the base of the existing Silverlode Lift at Park City to the Flatiron Lift at Canyons. The gondola will also have

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We've crunched the numbers. Honoring the financial and analytic background of our parent company means we run a lot of stats around here. We are always monitoring the market and are committed to bringing you timely, honest stats with regards to Park City's marketplace.

As evidenced by the graph above, Median Home Prices are down from last quarter and the same quarter last year. However, it will be interesting to see if Median Home Prices go up following the Vail purchase. When looking at Number of Sales, sales are up when compared with last quarter but down from third quarter of last year. None of these findings is surprising as Q3 is typically slower in terms of market activity--residents and buyers have historically tended to realize their real

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Baloon Fest-9331

It’s hard to find anything negative about Vail’s acquisition of Park City Mountain Resort. The purchase removes the uncertainty surrounding the upcoming season and operations at PCMR, which has been a source of anxiety among local businesses, resort employees, residents, and visitors alike. Beyond solving the immediate crisis, Vail promises only good things for Park City and its commercial, development, and residential real estate.

As a publicly traded company with an impressive trackrecord of financial solvency and growth, Vail has the wherewithal and intention of improving upon both of its Park City resorts. Its Epic Pass is immensely popular and promises a new and international demographic of visitors. While international buyers have previously

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At BHHS Utah we are tracking the effects of the Vail purchase with keen interest. While it's too soon to predict all the implications from this major change, we feel comfortable in saying that Vail’s presence will be very positive for our marketplace. There are several plots of land now owned by Vail that are available for new development, which will add substantially to Park City’s future real estate growth potential.

We are not the only ones who see this acquisition as a beneficial thing.  Immediately after the sale was made public via press releases from both Vail and Park City, Vail’s stock shares jumped 12% in value. Stocks have continued to trend upwards, especially after it was announced that Park City Mountain Resort would be added to the Epic

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Park City Mountain Resort Sells to Vail for $182 Million.

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Powdr Corp. has sold its Park City Mountain Resort to Vail Resorts, ending a tumultuous year for Utah's most popular ski destination.

"Selling was the last thing we wanted to do, and while we believe the law around this issue should be changed, a protracted legal battle is not in line with our core value to be good stewards of the resort communities in which we operate," Powdr CEO John Cumming said in a statement. "A sale was the only way to provide long-term certainty for PCMR employees and the Park City community. My family and I are extremely grateful to have had the opportunity to play a role in making PCMR what it is today, and we deeply appreciate the dedicated employees and all of

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Bacon Brothers


  • The market remains highly segmented and complex
  • The median price of single family homes has continued to gradually increase and is up 4%
  • The median price of condominiums remains constant
  • There has been tremendous interest in vacant land, and lot sales have increased by as much as 78% in some marketplaces when compared to second quarter of last year
  • There has been a 5% increase in inventory when compared to last year
  • We have experienced a 9% increase in total sales volume when compared to second quarter of last year
  • Average sales price is also up 9% from last year


Distressed Sales: We are recovered. 

Distressed sales represent a small 2% of our market. We are back to '06 levels. While we still have some hurdles to

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We are proud to represent more buyers and sellers than any other competitor in Park City. 

Our numbers are more than just way to track our progress and position in the local marketplace, they signify the extent to which our company has invested in the community. Park City can be a transformational place to live, and it's an honor helping our clients find homes in the town we love to call home.  



The 2014 real estate market appears strong with over 512 million dollars in sales thus far in the Park City School District. Individual neighborhoods in our market do vary drastically, however, so it is important for buyers and sellers to consult their Berkshire Hathaway HomeServices agent for the most current and accurate information. We look

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International real estate network absorbs Prudential Alexandria Gonzalez, The Park Record POSTED:   06/06/2014   Berkshire Hathaway HomeServices Utah Properties Chairman and CEO Stephen Roney, left, and his son and Senior Vice President Thomas B. Roney display one of         Berkshire Hathaway HomeServices Utah Properties Chairman and CEO Stephen Roney, left, and his son and Senior Vice President Thomas B. Roney display one of the new signs that has replaced Prudential Utah Real Estate signs throughout town. Alexandria Gonzalez/Park Record.    

Prudential Utah Real Estate signs throughout Park City have been replaced with the signature "Cabernet and Cream" Berkshire Hathaway HomeServices Utah Properties signs, notifying current and prospective clients that Prudential has joined the highly regarded network.Utah Properties Chairman and CEO Stephen Roney

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Utah brokerage leader is now operating as Berkshire Hathaway HomeServices Utah Properties


PARK CITY, Utah, Jun 05, 2014 (BUSINESS WIRE) -- Berkshire Hathaway HomeServices, the real estate brokerage network operated by HSF Affiliates LLC, today announced that Prudential Utah Real Estate has joined the network and is operating as Berkshire Hathaway HomeServices Utah Properties.

The brokerage is the first in Utah to affiliate with Berkshire Hathaway HomeServices, a brand that now counts more than 29,000 agents and 800 offices in 39 states since its launch in September 2013.

Stephen Roney, Utah Properties Chairman and CEO, said Berkshire Hathaway HomeServices will help his company grow. “I could

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As we draw closer to our June 3rd conversion to Berkshire Hathaway HomeServices (BHHS) Utah Properties, our anticipation continues to build, and we are thrilled to join the "Most-respected Company in the World," according to Barron's famed annual survey. To share the Berkshire Hathaway name is a tremendous honor. Already, clients and friends of our agency have expressed heartfelt congratulations over our allegiance with Warren Buffet--the man, the myth, the only person to beat the market...again and again.

In an interview, our Owner and Operator, Steve Roney, shared:

Finding the right flag for our agents, not just in name but also in character, was very important to me. As an owner, I am always asking, “What can I do over time to improve our

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