Park City Update: Good news – bad news. The bad news first. The organizers of the Park City Silly Sunday Market decided not to hold the event this year. The Silly Market traditionally hosts upwards of 13,000 people each Sunday. This comes on the heels of the decision to cancel the 2020 Tour of Utah which draws one of e largest crowds of the summer in Park City, with the race’s final stage finishing up on Historic Main Street. The City’s Fourth of July celebration and the Kimball Arts Festival are still on the calendar and both are subject to change “dependent on the public health circumstances.”. For Arts Fest [...]
The headline on an article that appeared in the April 9th edition of Powder magazine reads “Are Ski Areas Responsible for the Spread of COVID-19?” This article largely focused on Ischgl, a resort in the Austrian Alps which is now facing litigation by over 2,500 skiers and riders for exposing them to the disease in early/mid-March when the threat of the virus was known and other areas in the Alps had already shut down to protect their guests and residents. It also mentions Blaine, County, Idaho, home to Sun Valley, which on April 12th had 2,055 cases per 100,000 which is among the highest in the nation. By comparison on [...]
When you are here in Park City you will want to check out the new Talisker Club facility at the corner of Main Street and Heber Avenue. The stately old Coal and Lumber building is being transformed into a fabulous new Club amenity that is located in the heart of Park City’s Historic Old Town with easy access to Park City Mountain’s Town Lift. Thought you would enjoy taking a look at a photo I took earlier this morning. Talisker plans to have the facility operational by the end of this month and in full swing by July 4th.
This May Be One Of America's Most Beautiful Mountain Towns—And A Fantastic Year-Round Destination Only 35 minutes from the SLC Airport, Park City's rugged beauty is complemented by over 100 restaurants and bars, open air concerts, numerous spas and health clubs, plays, independent film screenings, a series of world-class events and festivals, and as many kinds of lodging as there are people. If you're into thrills, try out the... Read in TripAdvisor: https://apple.news/Avdd_LaYiSuqoALSVmKrtOA
No question, things have changed over the years regards to log homes. In the early days of Park City, the miners built log homes (and it would be quite a stretch to call them “homes” by today’s standards) out of necessity, as there were few options to plane the wood from the raw logs they could easily harvest from the surrounding hillsides. Then, in the earlier days of Deer Valley and The Colony (those two areas in particular), log represented the essence of the West, and a log or timber home, with contrasting white chinking, was the pinnacle of mountain architecture and style. In today’s Park City/Deer Valley real estate [...]
Tax valuations are being mailed now. The Deadline for Appeals is September 15th. If you haven’t received this year’s Property Tax Valuation Notice from the County, you will very soon. If you feel the valuation exceeds the market value of your property, you have until September 15th to contest the bill. Don’t forget that in Utah, property taxes and assessed valuations are billed in arrears, so the Assessor is looking back to year end 2017. If you feel the valuation of your property may be questionable, please send me a copy of the notice and I will research the data and let you know if I believe there is a [...]
I’ve been involved representing 151 buyers and /or sellers of Deer valley properties over my 20+ year real estate career in Park City. As you can imagine, data is critical in terms of providing meaningful value-added advice to clients. In that regard, I’ve been publishing the Deer Valley Report since 2008 and the first quarter 2018 Report is attached. With the exception of Empire Pass condominiums, which were for the most part dominated by closings in the new One Empire Pass complex, the trends in Deer Valley pretty much follow the market in incorporated Park City as a whole, which was down 21% in dollar volume and 14% in [...]
On Saturday March 31st the new owners of the Talisker Club, and the undeveloped real estate at both Empire Pass & Tuhaye, met with Club members and property owners to give an overview of what is coming under the new ownership’s plan. Saturday’s discussion was largely from the 10,000’ view so to speak, as they will refine the various amenities and other upgrades over the next few months and on July 2nd, they intend to roll out more formal plans. The discussion was led by Mark Enderle, a principal in the new ownership group Storied Deer Valley, LLC, and affiliate of Storied Development (storiedliving.com). Mark’s background in real estate generally, [...]
About the Mayflower Mark Sletten of Engel & Voelkers discusses the newest developments at the new Mayflower development in Deer Valley and the expected impact on the Jordanelle area in general.
Are you looking to buy a home? Then you might be worried about interest rates, but how much do they really matter? With the recently passed tax cuts adding to deficit fears, the Fed is expected to raise short term interest rates. While this means an anticipated rise in the 30-year fixed mortgage rate from from the current rate of 4.33% to 4.6% by the end of 2018, I thought it might be of interest to consider the bigger picture. While rising interest rates are of course a concern to the average homebuyer, it is interesting see so starkly that this anticipated rise still leaves mortgage rates at historically low [...]