Your November Park City Update

newsletter

We are welcoming November with open arms!

Thanksgiving is right around the corner, and we want to give a big THANK YOU to each one of you! We are beyond blessed with great clients, great partners and to live in such a beautiful place like Park City. Sending you an abundance of gratitude and hope you all have a wonderful Thanksgiving! October kept us busy with buyers looking for their full-time residence and investment properties in Park City. We know with interest rates being higher it makes many buyers pause, but with the right education on the current market, there is opportunity for those who are looking. We have had many conversations with lenders on 2-1 buy downs on interest rates and with sellers about seller financing. With the right conversation and market education, creative “deals” are being found that benefit both the buyer and the seller. Park City Proper is still tight on inventory, so we have even found ourselves in multiple offer scenarios if the property is priced correctly, is in a desirable location, and is in good condition. Many buyers have had the conversation on timing the market, and we do feel that we are there. Once interest rates drop the price wave will rise and those who own property will benefit from the equity gain. Are you looking for your next primary home or your next investment property? Or are you thinking of selling and want to know when would be the best time to list or if you should make any improvements to your home? If so, let's jump on a call to talk about the market and your next move. Have you had a chance to leave us a review? We would love to help more clients like you.

Help Us Grow with a Review Here

We appreciate your support!
Sean & Ali

The Latest Market Update

Above is a quick overview of October 2023 Stats for Single Family Homes in Park City Limits.

What's My House Worth?

2023-24 Utah Ski Resort

Opening Dates

We're starting to count down the days until ski resorts start to open up across Utah. Below is a list of ski resorts across Utah that have announced their opening dates. See you on the slopes!

Alta Ski Area
November 17, 2023

Brian Head Resort
November 10, 2023

Deer Valley Resort
December 2, 2023

Eagle Point Resort
December 15, 2023

Nordic Valley
December 2, 2023

Park City Mountain
November 17, 2023

Snowbasin Resort
November 24, 2023

Solitude Mountain
November 17, 2023

Sundance Mountain
December 2, 2023

Woodward Park City
November 17, 2023

More Opening Dates Information

This Month's Featured Blog

MARCELLA CLUB AT DEER VALLEY IS REDEFINING THE
WHITE GLOVE EXPERIENCE

Tucked within the breathtaking landscapes of Park City, Utah, the Marcella Club at Deer Valley offers a unique blend of luxury living, unparalleled skiing, and world-class golf. With ski-accessible homesites, a championship golf course designed by Tiger Woods, fine dining, and an array of amenities, Marcella Club is poised to become a sought-after destination for those seeking a true Western ski experience and an all-season adventure. Let's take a minute to talk about the key features of Marcella Club at Deer Valley, so you can discover why it's the place to be for the who's who.

Read Full Article Here

Economics + Market Trends

Q3 2023 UTAH REAL ESTATE MARKET UPDATE

The following analysis of select counties of the Utah real estate market is provided by Windermere Real Estate
Chief Economist Matthew Gardner.

The average sale price grew 4% from the same time in 2022 to $651,913. Prices were
also 3.8% higher than in the second quarter of 2023.
Regionally, median list prices in the third quarter were flat compared to the second quarter
of the year. However, asking prices were higher in Wasatch, Summit, and Morgan
counties.

Read Full Article Here

Top 30 Resorts in the West

PARK CITY MOUNTAIN JUMPS 15 SPOTS IN SKI MAGAZINE
RANKINGS 2024

Massive swings in year-over-year resort rankings are all over in this year's results
including Park City Mountain garnering a 15-spot ranking improvement from last place
last year. Utah had 6 spots in the top 15, #1 Powder Mountain, #2 Snowbasin, #3 Alta,
#9 Deer Valley, #13 Snowbird, #15 Park City Mountain.

Townlift Article

Ski Magazine Article

Deer Valley Tops as a Family Favorite Ski Resort

Development Spotlight

DEER VALLEY’S SNOW PARK PROJECT

Candidates were asked what constitutes a fair trade between Deer Valley and Park
City so the development of a new ski village at Snow Park could move forward. Deer
Valley is requesting the city vacate a portion of Deer Valley Drive to build the project,
which would include a new plaza with hotels and commercial space. Under state law, a
road vacation requires the city council to find “good cause” and “net tangible benefit.” At
previous meetings about the project, residents have said the resort is not meeting
those thresholds to approve the road vacation.

Read Full Article Here

I Would Like More Information

Park City Thanksgiving Feast and Festivities

There are several restaurants in and around Park City offering nothing but the best for
your holiday experience. From Thanksgiving classics, to prix fixe dine-in dinner options,
to curbside pickup, and even an entire Thanksgiving dinner with all the trimmings, you
and your guests can easily enjoy a meal fit for the whole family

More Information Here

Keeping Current Matters

THE PERKS OF SELLING YOUR HOUSE WHEN INVENTORY IS
LOW

When you’re selling something, it helps if what you’re selling is in demand, but is also
in low supply. Why? That makes it even more desirable since there’s not enough to go
around. That’s exactly what’s happening in the housing market today. There are more
buyers looking to buy than there are homes for sale.