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Ski-in/Ski-Out Developments and Properties for Sale

Whether you’re seeking a sound investment, or the perfect place to hang your hat, you simply know it when you’ve found home. With such a broad selection in the Deer Valley®, Park City areas...
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Golf Enthusiast Real Estate Communities & Developments

For a “ski town,” Park City has more championship golf than you can shake your club at. Here’s an introduction, but to really get to know the greens of the area, we’d love to take you out to play a round!
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Meet Deer Valley and Park City's Real Estate Dream Team

Chin MacQuoid Fleming Harris offers a portfolio containing a wealth of successes. Together, they hold more than 80% of the marketshare in Deer Valley®. They've been in Park City since it all began...
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Park City Living
With over 350" of snow falling on the mountain each year and three world-class ski resorts – Deer Valley® Resort, Park City Mountain Resort, and The Canyons® – Park City is a great place to visit but an even more incredible place to live.

Come January, the Sundance Film Festival draws a star-studded crowd. Catch a glimpse your favorite movie star or take-in the premier of an independent film. During the festival, the already lively shopping, ...  Read More>>

Canyons Resort Living
The Canyons Ski Resort is one of three world-class ski resorts in the Park City, Utah region. A vacation destination that combines incredible luxury with pristine, white slopes and some of the best outdoor recreation opportunities in the country, The Canyons is the type of place that provides matchless entertainment. The Canyons Resort is a primarily winter-based destination, boasting...
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Deer Valley Living
From the professional ski instruction and perfectly groomed slopes, to the upscale shopping and dining establishments, Deer Valley® Resort is synonymous with luxury.

In fact, Deer Valley Resort has been named the #1 ski resort in North America by the readers of SKI Magazine for an incredible...
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Deer Valley Real Estate Blog

Park City/Salt Lake to Host Olympic Winter Games Again??

By deervalleyrealestate
Feb 13, 2012

It is not out of the question!

Utah forms panel to explore another Olympic bid

By Mike Gorrell, The Salt Lake Tribune,  Published 2/8/2012

It was a day for reveling in Utah’s Olympic glory days of a decade past, and giving serious consideration to trying to do it again a decade hence.

Although it balked mightily, the Olympic caldron at Rice-Eccles Stadium was relit for a few minutes Wednesday evening — the 10th anniversary of the start of the highly successful 2002 Winter Games.

Lingering sparks of enthusiasm from that transcendent time had been evident hours earlier Wednesday at the Utah Olympic Oval in Kearns, where Gov. Gary Herbert and Salt Lake City Mayor Ralph Becker, hailing the many accomplishments of those 17 days, announced the creation of an exploratory committee to see whether Utah should put together a formal bid for the 2022 or 2026 Winter Olympics.

When Herbert told hundreds of spectators at the caldron relighting of that plan, it set off the second loudest cheer of the evening. "I appreciate your enthusiasm," he shouted, promising to relay this show of support to the exploratory committee, acknowledging, "I think they share your enthusiasm."

Eric Heiden certainly does.

"I vote yes," said Heiden, winner of five gold medals at the Lake Placid Olympics, even before the committee begins its exploration into bid costs, private sector and public support, venue and infrastructure needs, potential U.S. competition (Denver and Reno-Tahoe) and impacts on the environment and transportation systems.

He said the 2002 Olympics showed Utah is ideally suited for the Winter Games, then and now. The speedskating oval still has the fastest ice on Earth "and the other venues have viable, well-used programs for aspiring young athletes," Heiden added. "Athletes want to go somewhere where they have the best chance to compete.

"This community is special," he added, citing the way Utahns have embraced winter-sport athletes. "I’m a product of being introduced to Utah in 2002. I moved here four years later. Athletes are here because of what the people of Utah, and Utah in general, have to offer."

There’s no doubt Utah can put on a great Olympics, Herbert said. 2002 proved that. But should the state try again?

"We need to pursue this [exploration] to see if there is real opportunity there," Herbert said, asking the 14-member committee to deliver a comprehensive report by May. "This is just the first step of the process. But it’s an exciting step that needs to be taken if we are going to take the journey."

While Becker emphasized that "no predetermined recommendation" is expected from the committee, he made it clear he believes Salt Lake City and Utah’s other 2002 venue cities have existing foundations to put on a "sustainable" Olympics. After all, much of the venue infrastructure is in place, the airport is as close as it ever was to the city and the mountains, and the mass transit system will be far more far-reaching than it was in 2002.

Former Salt Lake Organizing Committee boss Mitt Romney even took time away from his heated Republican presidential campaign to weigh in on the idea. "I’m delighted that Utah is thinking about bidding for the 2022 Winter Olympics," he said. "Our great nation is wonderfully suited to host the world’s greatest sporting competition."

The last time Salt Lake City was in the hunt for the Olympics, some of Utah’s largest businesses and other private donors spent several million dollars to promote the city’s bid for, first, the 1998 Winter Games (which went to Nagano, Japan) and then 2002.

After Salt Lake City secured the 2002 Games in 1995, the Salt Lake Organizing Committee pledged to repay the $59 million Utah taxpayers had invested to build a speedskating oval and a complex of ski jumps and a bobsled/luge track as indicators to the International Olympic Committee of this area’s commitment to winter sports. Organizers also agreed to leave behind a $40 million endowment to run those facilities afterward.

When SLOC finished the 2002 Olympics and Paralympics with a $100 million surplus, that endowment grew to $76 million. Both facilities have operated steadily ever since and now have more active participation than ever.

The exploratory committee includes three Olympians (speedskaters Eric Heiden and Catherine Raney Norman, and skeleton racer Jim Shea), four former SLOC executives (Grant Thomas, Brett Hopkins, Colin Hilton and Spencer Eccles Jr.) and two other veterans of the 2002 Olympics (Lane Beattie and Jeff Robbins). The group will be led by Becker, Lt. Gov. Greg Bell and Steven Price, chairman of the Utah Sports Commission.

If the committee recommends pursuing another Games, Herbert said a broader-based bid committee would be formed. While he foresees a bid being privately financed, Bell added the committee would not rule out a public-private partnership.

At the flame relighting, news of another possible bid thrilled Janet Lucas, 54, who had volunteered at the Ogden Ice Sheet where curling was contested. "I’m hoping with all my heart for 2022 because I would do it all again — in a heartbeat," she said.

Lucas had been mildly disappointed when the flame failed to ignite as two "Children of Light" symbolically touched lit torches from Salt Lake’s relay. She hung around for a few minutes after event organizer Fraser Bullock reluctantly told the crowd to go home, that the flame would not light. "Just coming together and seeing all the people again, it was worth it," Lucas was adding just as the caldron lighted with a pop, triggering the night’s loudest ovation.

Melanie and John Dutcher were among those cheering, decked out in their volunteer jackets, yellow for event services. "We both want to volunteer again in 2022," she said. "To do it twice would be beyond imagination."

Chuck Spence doesn’t think he’ll get another chance to volunteer, like he did in ’02 as a driver at IOC and NBC headquarters. After all, he’s 81 now. But Spence is bullish on another Salt Lake Olympics.

"We did a wonderful job then and we’ll do an even better job [in 2022] because of our experience," he said.

mikeg@sltrib.com, Twitter: @sltribmikeg, Tribune reporter Robert Gehrke contributed to this article.

Park City Board of Realtors sums up 2011 Market Stats

By deervalleyrealestate
Feb 10, 2012

As seasoned professionals in Park City Resort Real Estate we at Chin | MacQuoid | Fleming | Harris are continuously asked , “How’s the market?”.  Read below to find out what the Park City Board of Realtors statistics committee has to say about the newly released 2011 year end statistics.

...As always, contact us with any real estate needs, and here’s to a great 2012!

Real Estate Market Rebounding

Report analyzes ups and down of 2011, Gina Barker, The Park Record

Posted:   02/07/2012 05:01:45 PM MST

The Park City Board of REALTORS shut the book on the 2011 real estate market, releasing their annual report on last year's number of sales, sales prices and number of foreclosures. 2011 sales increased by a total of six percent from the year before pulling in a total of $1,077,426,368, making it the seventh year real estate sales exceeded the one billion dollar mark.

Though numbers were not as high as the peak in 2005 of more than $2 billion, realtor confidence is growing in Park City. More are ready to believe Park City real estate has reached its bottom and the market is starting to climb its way out from the low point in 2009, where total sales fell to $867,230,118.

"I think this report is good news," said Park City Board of REALTORS president Tami Whisker. "I feel like we're starting to see signs of stabilization in certain areas, which is amazing."

A Buyer's Market

In any market, the buyer or seller is favored more than the other. Park City was no exception. Prices fell for the fourth straight year, leaving many areas of the market an estimated 40 to 45 percent below what prices were at their peak. But falling prices are not all bad, as prices have drawn more first-time buyers into the area.

"The market in recovery, but it keeps improving," said Mark Seltenrich, the Park City Board of REALTORS statistician. "Of course we would like to see homes sell for more, back to kind of numbers we saw a few years ago, but we have a ways to go. It is still a buyer's market."

Whisker said that as the number of properties available shrinks, the supply and demand model will shift the market back into a seller's market.

"I believe it's a good sign that inventory is shrinking," Whisker said. "Financing can still be a challenge but there is a lot of activity I feel confident going into the rest of the ski season that the sales activity will continue."

Number of Sales Up

The number of sales in the Park City area increased by double digits in 2011. Home sales increased by an estimated 19 percent, condo sales increased by 10 percent, and vacant land sales saw the largest increase at 23 percent more in sales from 2010.

The Economic Development Director for Park City Jonathan Weidenhammer said with more homes sold, the city is able to collect property taxes feed into the community.

"The Park City market demonstrates strength and resilience," Weidenhammer said. "These sales help our resort economy, and the real benefit on the city side is what we can collect for property taxes. Those numbers continue to be strong, making up half of our annual budget."

Prices of Sales Down

Several neighborhoods, including areas such as Old Town and Jeremy Ranch, continue to see home values drop, but properties in areas such as Old Ranch Road, Pinebrook and Sun Peak sold well above 2010 market prices.

"With the prices dropping, a lot of people from around the state who couldn't afford to live here before, are able to live here now," Whisker said. "Maybe someone who lived and worked in Salt Lake City moved to Park City because they could afford to."

Median Old Town home prices were down 14 percent, with the median price at $817,500. In Jeremy Ranch, that number was closer to 11 percent, with the median home selling at $624,000.

On the other side of the scale, Sun Peak home sale prices were up 25 percent, Old Ranch Road home sales were up 12 percent and Pinebrook was up by 13 percent.

Foreclosures Down

According to the report, sales of foreclosed properties continued to make up a significant part of the market in 2011, but since 2009 the number of foreclosures continued to decrease. In 2011, foreclosures fell by roughly a third of the number in 2010, totaling half of the foreclosures from the peak in 2009.

"I think we're going to continue to see foreclosures," Whisker said, "but we like to see that they're falling in number. Once we can get rid of the foreclosures on the market, property values will hopefully return back to normal."

Statewide it's Good News

Statewide optimism is growing as well.

And while home values haven't risen to where they were just before the housing bubble burst, that's not the largest indicator that the market is in recovery.

"We're seeing home sales up for the entire state of Utah," said Utah Association of REALTORS Communications Director Deanna Devey. "That's a reflection of the housing market improving as a whole, a reflection of the job market improving and confidence returning. Our home sales ending in 2011 were highest they've been in three years."

Statewide numbers have improved, Devey said. The state increased home sales by 8.6 percent in 2011, with Summit County just surpassing that number. Wasatch County, portions of which were included in the report, had the second highest increase in home sales in Utah.

"In 2003 Utah sold 31,050 homes," Devey said. "This year we did better than we did in 2003. I track these numbers religiously and they've just been getting better and better every month."

 
 
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