Park City real estate, like else where in the country, is experiencing a buyers market.  Most of the people I have been working with lately are in search of a "great deal".  To many people this means a property that is priced below previous sales.  This is certainly one element to consider but we have also been finding value in another area; the remodeled property that is priced at or just slightly above previous sales.When the market was in its frenzy with multiple offers and not enough sellers many people saw the increased equity in their Park City home or condo as an opportunity to renovate their home.  Investors jumped into the market with the intent to buy, fix and flip a unit.  But markets change and some investors entered the market at the end of the cycle.  As a result there are... 04/23/2008

St. Regis Resort & Residences, Deer CrestConstruction Update: Closing Day at Deer Valley Ski Resort.Years ago, we watched the excavation of the site at the top of Portugese Gap where the St. Regis tower will be located. It's pretty incredible to see the hotel taking shape.  The framing is nearly complete for the St. Regis Condos, which are the lower 7 stories of the hotel.In the months ahead, the top four stories-the St. Regis Residences-will begin to take shape. Is Deer Valley the Dubai of the Rocky Moutnains?  Here's the rest of the St. Regis Deer Valley story... 04/18/2008

Even though it's still snowing in Park City, Utah...  Deer Valley Resort Wrapped Up a Phenomenal Ski Season April 13th.  We couldn't resist a day of spring skiing on Deer Valley's closing day. And what a spectacular day it was...Not a cloud in the sky, and no crowds on the lifts.Check out the huge cornice at the top of the Daly Chutes on April 13th!Average base depth of the snow-pack on closing day was a whopping 131 inches...not a brown muddy patch to be found anywhere on the ski runs, even at lower elevations like Deer Crest (see below photo). Click here for photos and updates about all new real estate developments in Deer Valley, Utah.   04/18/2008

Record Land Sale in Deer Valley, Utah It doesn't seem like the smart money is too worried about the mortgage crisis having a big impact on Deer Valley real estate values. Deer Valley just witnessed the most expensive single-family residential lot sale to date... The lot was a resale lot that was originally purchased from the high-end developer Talisker three years ago.  Lot #22 Red Cloud just sold for a cool $5 mil.  Check out the view from lot 22 in this photo to the right: What does $5 million buy in Deer Valley? Click here for the rest of the Red Cloud Deer Valley story or to see other lots for sale in Red Cloud. Red Cloub Homes For Sale   04/18/2008

Ultra Luxury Hotel Under Construction in Deer Valley, Utah  Montage-One of the world's most famous luxury hotel brands, just broke ground on an incredible new hotel-residence property in Deer Valley, Utah. The Deer Valley hotel is the third property in Montage's collection of distinguished luxury hotels, resorts and residences.    Montage properties are known for their breath-taking natural locations, impressive design, unique ambiance, and the highest quality services and amenities. Here is the rest of the story about Montage Deer Valley 03/06/2008

I just received this question from a potential vacation-home buyer in Southern California, wondering how Deer Valley real estate prices are faring amid the turbulent national real estate market. A Warning About Deer Valley Real Estate Prices...The numbers are not what you expect in light of the real estate "news" from around the USA. Deer Valley condo prices have not only held-they have actually increased! Why are Deer Valley Prices increasing while prices across the country are falling?   Here is the rest of the Deer Valley Condo Story... 02/12/2008

It's one of the most common queries we receive from investment-minded buyer clients.Park City & Deer Valley Owners Love Winter Revenue Not surprisingly, the winter months will generate the bulk of your annual rental revenue. There's high demand for rental properties in Deer Valley, Park City, and at The Canyons Resort all winter long.How To Generate Rental Income When it's not SnowingThe trick-from an investment perspective-is to discover which properties will be rented during the other 8 months of the year, albeit at lower nightly rental rates than in the peak winter season.Here's the rest of the story about Investment Condos in Deer Valley, Utah 02/12/2008

It's one of the most frequent questions we receive from people investigating real estate in Park City and Deer Valley Utah...You will pay a "resort premium" to purchase real estate in Park City, Utah.  However, potential investors can offset a portion of their investment by renting their Park City and Deer Valley properties when they're not in residence.Here's the whole story.... "Which Deer Valley and Park City properties generate the most cash flow?" 02/12/2008

The Deer Valley Resort & Park City Utah area ranked high this year by Ski Magazine   In the upcoming 2007 October issue of Ski Magazine, Deer Valley is ranked as the #1 ski resort which is now the third time in Ski Magazines history for ranking them #1.  Visit Park City's local paper The Park Record to read the full article regarding this by clicking here . Call Julie Olsen an Accredited Buyer Representative &  Certified Resort and Second Home Specialist Today at 435-513-2848 if you are interested in purchasing ski property in the Park City or Deer Valley area or visit her Park City Real Estate website to search the entire Park City MLS.                                                      09/12/2007

 Deer Valley Real Estate Market Report for the Second Quarter of 2007Single Family Homes Sales in Deer Valley2nd Quarter 2007 - 6 homes sold with average sold price of $5,303,000 & average days on market 343 days2nd Quarter 2006 - 10 homes sold with average sold price of $3,391,250 & average days on market 309 daysCondo & Townhome Sales in Deer Valley2nd Quarter 2007 - 161 sold with average sold price of $912,477 & average days on market 214 days2nd Quarter 2006 - 191 sold with average sold price of $579,074 & average days on market 122 days The sold prices have risen in both condos & homes in the Deer Valley area but it is taking longer to sell.Visit Deer Valley Real Estate to search all homes, condos, townhomes & lots for sale in the Deer Valley area. Julie Olsen is a Certified Resort... 07/22/2007

Deer Valley Pre-Construction Project Report: Full Ownership 5-Star Ski in Ski out Luxury Condos for Sale Enjoy the lap of luxury at this new luxury condo pre-construction project at Deer Valley Resort which is currently underconstruction and planned to be completed in 2008.  At the this luxury condo hotel you will enjoy an incredible experience with butler service, fine dining, casual dining, martini & wine bar, Apres ski bar, large heated deck with fire pits, ski beach, 17,000 square foot day spa and a large split level heated infinity edge swimming pool.  The finishes will be amazing with custom cabinetry, professional quality appliances and heated marble bathroom floors to name a few.This 5-Star Luxury Condo hotel project at Deer Valley Resort in Park City Utah is offering full owner... 05/27/2007

Deer Valley Real Estate Market Report - 1st Quarter 2007Deer Valley Single Family Home SalesQ1 2007 - 17 homes sold with an average sold price of $4,541,617 & average days on market 218 daysQ1 2006 - 20 homes sold with an average sold price of $3,184,375 & average days on market 211 daysDeer Valley Condo SalesQ1 2007 - 55 condos sold with an average sold price of $1,855,034 & average days on market 315 daysQ1 2006 - 71 condos sold with an average sold price of $1,405,793 & average days on market 361 days *data obtained from the Park City MLSFor the first Quarter in 2007 versus 2006, slightly fewer homes and condos sold but the average sold price was significantly up.  Visit Deer Valley Sales for more information on the real estate sales history in the Deer Valley area.Visit Deer Valley ... 05/25/2007

The Village at Empire Pass at Deer Valley ResortOne of the hottest locations in the Park City Utah real estate market is the Village at Empire Pass at Deer Valley Resort.  Deer Valley Resort is one of the top ski resorts in North America which is also a skier only resort offering incredible service to it's patrons. The Empire Pass area is one of the newest areas for development at Deer Valley Resort and it is located in the most prime location at Deer Valley Resort.  It offers a ski in ski out village high on the mountain with incredible snow, incredible views and new construction with high end finishes.If you are looking for a luxury ski in ski out condo, townhome or single family home, then you should really consider looking at the Village at Empire Pass.  Visit Deer Valley Real Estat... 05/20/2007