INTRODUCING VELVAERE
An immersive and intentional wellness-based community spread across 60 ski-in/ski-out acres adjacent to the world-renowned Deer Valley Resort. Featuring cabins, residences, and curated custom estates by Magleby Development, Velvaera is the first of its kind. Preview for more details: Velvarere
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Tags: Magleby Development, New Development in the Park City, Utah Area., Velvaere, Wellness Based Community
Greetings from the Park
For our clients, friends and family welcome to GreetingsFromthePark.
Please feel free to comment as we continue to post on what’s new and exciting in and around Park City, Utah as well as our, equally as important, real estate markets.
If you like what you see please do pass us on to a friend and read our reviews.
Tom Walsh, Windermere Cell: 435-640-1400 Tom@Homes-ParkCity.net
Jessica Allen, Windermere Cell: 435-659-1297 Jessica@Homes-ParkCity.net
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Tags: family and future buyers and sellers in the Park City, We are please to announce that we have a blog for our clients
LUX-U-RY DEFINED
“A State of great comfort & extravagant living”
Windermere Real Estate’s exclusive affiliation with LUXURY PORTFOLIO allows us to promote Park City’s most important properties to Real Estate firms in seventy countries; trained in the art and science of selling the worlds most unique and desirable properties. To peruse Lux Portfolio’s online magazine and read about the 2023 STATE OF THE LUXURY MARKET go to www.LuxuryPortfolio.com
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Tags: 2020 State of Lux Market, Luxury Portfolio Park City
LET IT SNOW! LET IT SNOW!
With Deer Valley Resort weighing in at 100 inches of snow and Park City Mountain Resort at Ninety-Three inches this season has been nothing less than epic! For the most current snow reports from the other Utah resorts and information on weather, runs open, and trail maps visit: Ski Utah Snow Report
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Tags: Big Snow Year 2023, Deer Valley Resort, Park City Mountain Resort, Ski Utah
YEAR OVER YEAR IN REVIEW
2020 3,641 listings 3,869 new sales
2021 3,077 listings 3,765 new sales
2022 2,997 listings 2,140 new sales
For a more in-depth look at Park City Stats and national housing predictions for 2023, click here: Activity Report and Predictions
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Tags: 2022 Annual Stats, Park City Utah Year in Review, Real Estate Stats in Park City Utah
LOCALS UP-HILL-ish SKI PASS
The new West Peak ski runs at the Utah Olympic Park are primarily a training facility for our young downhill ski racers and Olympic hopefuls. However, and according to UOP’s CEO Colin Hilton, those same runs may potentially be available for locals, with a locals pass, to “skin up” and ski down. West Peak is scheduled to open in February, stay tuned for UOP updates.
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Tags: Olympic Sport Park, UOP CEO Colin HIlton, West Peak Ski Runs
UNIQUE CONNECTIONS
Our exclusive and unique affiliation with Leading Real Estate Companies of the World (LREW), has 4,700 sales agents from 550 offices in 70 countries. This offers our clients local, national, and international connections and exposure.
Over the years we have assisted discerning buyers and sellers around the globe and many of our Park City clients were referred directly to us from LREW affiliates. We’re here for you as a trusted source for global real estate sales and information.
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VISIONARY MODERN ARCHITECTURE
At $29M Windermere’s latest lux offering is by far the most iconic property in the history of iconic properties. CASCADE PARK CITY, situated on over six acres in Promontory, offers memorizing mountain and reservoir vistas. At 10,000 square feet, the primary three-room suite is an entire wing of the home, and a sanctuary onto itself. See the video at www.CascadeParkCity.com
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MIMOSA’S IN THE MORNING
Previously Kneaders, Cupla Coffee is a small single batch roastery and bakery open for breakfast and lunch. The re-model is super inviting featuring tasty sandwiches, Cali Toast, assorted teas, craft beers and mimosas of course. Check out the entire menu here: Cupla Coffee.
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HOUSING PREDICTIONS FOR 2023
Is there a housing bubble?
Will mortgage rates drop?
Will affordability issues improve for buyers?
Windermere’s chief economist Mathew Gardner offers up his Top 10 Predictions here: 2023 Top 10
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MARKET SNAPSHOT – Oct 2022
According to the Park City Board of Realtors…….. Inventory of homes and land for sale has turned downward after climbing in six of the past eight months. After a brief dip in July, both single-family and condo sales rates are increasing again, but still 25% below a year earlier. Meanwhile pending contracts spiked in August and fell back in September. The market remains strong but median prices mixed. Single-family sale prices were up 62% over August. Condos dropped 5.1% for the month, but remain up 30% over the previous year.
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FIVE OVER TWENTY-FIVE
Park City has five homes currently listed over $25M. the priciest situated on the ski-to/ski-from gated Red Cloud community entitled ‘Snowfall‘. Boasting 15,000 square feet, this spectacular new home currently under construction, on two acres, guarantees unrivaled views in all directions. Spend an afternoon in the fitness center, sauna, steam and massage room. display your vehicles in the Garage-Mahal beneath skylights revealing the glass bottom pool above. Visit Snowfall here.
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