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 [...]
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.
The Mayflower parcels on the east side of the Deer Valley Resort closed escrow on November 2nd. The seller is the Dutch investment group Stichting Mayflower Recreational Fonds (they have owned the property for many years), and the buyer is an affiliate of Extell Development. This update, and others yet to come, are designed to be informative as to what this transaction means to the Resort, and its guests and pass holders. You may already be somewhat up to speed on this expansion based on what you’ve heard on KPCW, or read in the Park Record, but what you may not know is the enormity of the undertaking, as what is proposed [...]
I am struck by the extraordinary amount of activity taking place surrounding the Jordanelle Reservoir, and anyone looking to buy or sell a home, condominium, building lot in this area should take a look at this data. In 2015 year to date, there have been 149 transactions which have closed escrow (20 single family homes, 87 condominiums, and 42 building lots). Another 108 properties (24 homes, 73 condominiums, and 11 building lots) have gone under contract since January 1st. Altogether, that is 257 transactions in all 3 categories. By way of comparison, if you add in the 1,204 transactions which occurred over the same period for all property types in [...]