HEATHER FELDMAN, EQUITY REAL ESTATE LUXURY GROUP PARK CITY 435-731-0803
Showing posts with label park city mountain. Show all posts
Showing posts with label park city mountain. Show all posts
Monday, November 25, 2013
Friday, October 4, 2013
Vail/Park City Mountain Resort legal battle - Vail prepares for battle
See
below for an article in the continued drama between Vail Resorts /
Canyons and Park City Mountain Resort. It appears as if Vail is ready for battle and not backing down any time soon.
Vail Resorts prepares to go to war over Park City ski runs
BROOMFIELD, Colo. — Doing business in Utah will come at a price for Vail Resorts.
In its latest earnings report, the company (NYE: MTN) noted it is setting aside $5 million this year for a legal battle over a few thousand acres beneath Park City Mountain Resort.
Toronto-based Talisker Corp., which owns the land, is embroiled in a lease dispute with Park City Mountain Resort. After Talisker brought Vail Resorts in last spring to operate nearby Canyons ski resort, the Broomfield, Colo.-based juggernaut is now squarely in the fray.
Talisker is attempting to evict Park City Mountain Resort, contending that the lease expired, but Park City Mountain Resort executives counter that there were assurances the lease would be extended and, acting on good faith, Park City Mountain Resort poured money into infrastructure and other improvements.
Now it's Vail Resorts' problem as the company makes a push across the Colorado and California borders.
Over the next fiscal year, Vail Resorts expects $7.2 million in combined litigation and integration expenses.
But adding a Utah ski area to its expanding portfolio is strengthening the allure of its Epic Pass, which allows skiers and boarders access to 26 different resorts in five different states and four different countries.
"Since announcing the Canyons transaction in late May, we have seen a material acceleration in pass sales in the Tahoe and Utah markets as well as in our destination markets," Vail Resorts CEO Rob Katz said.
According to its latest earnings report, Vail Resorts' fourth-quarter revenue rang in at $112.3 million, down from $113.5 million in the same period the year prior, and its attributable net loss deepened to $59.9 million ($1.67 per diluted share) from last year's fourth-quarter shortfall of $53.8 million (or $1.50 per diluted share). But its net income for all of 2013 more than doubled to $37.7 million over what it saw in 2012.
Sales of passes through Sept. 22 — when almost 60 percent of total sales are made — for the upcoming ski season are up about 23 percent in sales dollars versus the same period last year, the report showed.
On the real estate front, Vail Resorts reported that it closed on 10 Ritz-Carlton Residence units, 12 One Ski Hill Place units and a $11.1 million land sale at the base of Breckenridge's Peak 8 in the last fiscal year. Vail Resorts' net cash flow from real estate transactions for 2013 was reported at $27.5 million.
"We reported record resort revenue and resort EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) that reflects higher overall visitation, improved pricing, increased average guest spend and strong pass sales," Katz said. "We generated significant real estate net cash flow driven by the increasing strength in resort real estate markets. We were successful in our acquisition strategy, completing our transaction for Canyons Resort in Park City, Utah, and acquiring Afton Alps in Minnesota and Mount Brighton in Michigan. We also launched the initial activities for Epic Discovery on Vail Mountain and made continued progress in the approval process for our broader summer plans across our resorts."
On Monday, Bank of America analyst Shaun C. Kelley reiterated a "buy" rating for Vail Resorts, and raised its price target from $72 to $76. Credit Suisse analysts, meanwhile, reiterated a “hold” rating and adjusted its price target to $71. Vail Resorts stock closed at $69.56 a share on Wednesday afternoon.
Heather Feldman
435-731-0803
heather@parkcityhousehunters.com
Saturday, August 3, 2013
Park City 3rd Quarter Statistics - Real Estate is on FIRE!
PRESS RELEASE
August 2, 2013
For further information, contact Park City Board of REALTORS®
Park City, Utah - August 2, 2013 - Park City market sees the largest quarter of real estate sales in five years.
Both the number of sales and the median sales price are up over last year's numbers in the Greater Park City Area according to the 2013 second quarter statistics released by the Park City Board of REALTORS®. With a total of 991 sales to date — a 19% increase over the same time period in 2012 - the first half of 2013 had the highest number of sales since the first half of 2007. In fact, the number of sales is 21% higher, by quarter, than any quarter in the last five years. The total sales dollar volume is also up 19% over the same time-period last year, reaching over $698 million to date, which is also the highest total dollar volume since 2007. Jeff Spencer, President of the Park City Board of REALTORS® shares, "It's an exciting time in real estate. Buyers are finding great opportunities and prices have come back to allow new sellers the opportunity to sell again."
Inventory The inventory level of all property types has come up slightly from Q1 of 2013, but it is still 9% less than it was in 2012. The current inventory of active listings in the greater Park City area is 2,173, compared to 2,400 units a year ago. Though the current number is almost a 10% increase from the low point in April, it is still a whopping 41% below the high mark of 3,600+ in July of 2008.
The absorption rate (the average time a listing remains on the market) for single family homes, condominiums, and vacant land is down to only 5.7 months. That is a drastic reduction from the high point of just under 50 months set in April of 2009.
Distressed Sales Foreclosures continue to become a less significant part of our market as the number of foreclosed properties continues its five quarter downward trend. Distressed properties (foreclosures and short sales) made up only 5% of all sold properties in quarter two of 2013, compared to 17% of all sales in 2012 and about 33% in 2011.
Single Family Homes At mid-year, for the Greater Park City market area, the median sales price of homes is up 10% over last year. We experienced a 16% year to date increase in the number of sales of single family homes in the Park City Limits. Within the Park City Limits, 2nd quarter median price for a single family home is $1,245,000, reflecting a 12% rise in sales price.
August 2, 2013
For further information, contact Park City Board of REALTORS®
Park City, Utah - August 2, 2013 - Park City market sees the largest quarter of real estate sales in five years.
Both the number of sales and the median sales price are up over last year's numbers in the Greater Park City Area according to the 2013 second quarter statistics released by the Park City Board of REALTORS®. With a total of 991 sales to date — a 19% increase over the same time period in 2012 - the first half of 2013 had the highest number of sales since the first half of 2007. In fact, the number of sales is 21% higher, by quarter, than any quarter in the last five years. The total sales dollar volume is also up 19% over the same time-period last year, reaching over $698 million to date, which is also the highest total dollar volume since 2007. Jeff Spencer, President of the Park City Board of REALTORS® shares, "It's an exciting time in real estate. Buyers are finding great opportunities and prices have come back to allow new sellers the opportunity to sell again."
Inventory The inventory level of all property types has come up slightly from Q1 of 2013, but it is still 9% less than it was in 2012. The current inventory of active listings in the greater Park City area is 2,173, compared to 2,400 units a year ago. Though the current number is almost a 10% increase from the low point in April, it is still a whopping 41% below the high mark of 3,600+ in July of 2008.
The absorption rate (the average time a listing remains on the market) for single family homes, condominiums, and vacant land is down to only 5.7 months. That is a drastic reduction from the high point of just under 50 months set in April of 2009.
Distressed Sales Foreclosures continue to become a less significant part of our market as the number of foreclosed properties continues its five quarter downward trend. Distressed properties (foreclosures and short sales) made up only 5% of all sold properties in quarter two of 2013, compared to 17% of all sales in 2012 and about 33% in 2011.
Single Family Homes At mid-year, for the Greater Park City market area, the median sales price of homes is up 10% over last year. We experienced a 16% year to date increase in the number of sales of single family homes in the Park City Limits. Within the Park City Limits, 2nd quarter median price for a single family home is $1,245,000, reflecting a 12% rise in sales price.
In the
Snyderville Basin, the number of sales is flat compared to last year, but
the median sale price is up 10% over last year's number reaching $699,000.
This quarter's numbers illustrate that neighborhoods vary drastically in
activity. The Silver Springs area saw a striking 178% increase in the
quantity of homes sold over the same time period last year, while the
median sale price increased 6%. The Old Ranch Road area jumped in median
sales price by 62%, climbing to $3,221,875 but experienced a 20% dip in
number of sales.
Condominiums At mid-year, for the Greater Park City market area, the median sales price of condominiums is up 6%, and the number of sales is up 12% over last year. For the second quarter, the number of sales in the Snyderville Basin Area is up 6% compared to 2012 and saw a jump in median sales price of 21%, reaching a median price of $320,000. The Jordanelle Area has seen a solid 52% increase in the number of units sold, as well as, an 8% increase in median sales price, to $334,128.
The number of condominium sales in the Park City Limits rose to 160 units compared to 149 units in 2012, which is approximately a 7% increase. The median sales price of condominiums, in the Park City Limits, for the second quarter, is down slightly to $572,000 compared to $605,000 in 2012.
By area, Old Town is way up with a 47% leap in the number of sales and a 34% increase in median sales price reaching $440,000, compared to $328,500 in 2012. Lower Deer Valley is down 10% in number of units sold and down 5% in median sales price compared to this time last year. Age and high condominium HOA fees could be contributing factors for why buyers are more frequently considering single family homes as an alternative to condos.
Vacant Land At mid-year, for the Greater Park City area, the median sales price of vacant land is down 20% from last year. Both the Snyderville Basin and Jordanelle Areas saw increases in sales but decreases in price compared to last year. The median price for vacant land in the Snyderville Basin Area fell 23% to $267,000, and the Jordanelle Area fell 15% to $118,750. However, vacant land sales climbed 39% in the Snyderville Basin and spiked upward 138% in the Jordanelle Area compared to 2012!
In the Park City Limits, vacant land sales followed the same trend as single family homes with an increase in the number of sales of 26% compared to the same time period last year and a moderate increase in median price of 12%, reaching $525,000.
Looking Ahead Park City Board Statistician Mark Seltenrich comments, "The market continues to be active, with the number of sales in the second quarter being the most we've seen since 2007. The median sales price for the greater Park City area in single family homes, condominiums, and vacant land is still down from the peak months of 2007, but the current trend of slow but steady rise of property value is an indication of a balanced and healthy market."
Spencer adds, "The recent 1.5% jump in interest rates—which was the highest short-term spike in over 50 years—reminds us that rates are still attractive, especially compared to those a few years ago. We have a very diverse market, and I encourage buyers and sellers to contact their local REALTOR® for the most reliable and up to date information for their neighborhood."
Condominiums At mid-year, for the Greater Park City market area, the median sales price of condominiums is up 6%, and the number of sales is up 12% over last year. For the second quarter, the number of sales in the Snyderville Basin Area is up 6% compared to 2012 and saw a jump in median sales price of 21%, reaching a median price of $320,000. The Jordanelle Area has seen a solid 52% increase in the number of units sold, as well as, an 8% increase in median sales price, to $334,128.
The number of condominium sales in the Park City Limits rose to 160 units compared to 149 units in 2012, which is approximately a 7% increase. The median sales price of condominiums, in the Park City Limits, for the second quarter, is down slightly to $572,000 compared to $605,000 in 2012.
By area, Old Town is way up with a 47% leap in the number of sales and a 34% increase in median sales price reaching $440,000, compared to $328,500 in 2012. Lower Deer Valley is down 10% in number of units sold and down 5% in median sales price compared to this time last year. Age and high condominium HOA fees could be contributing factors for why buyers are more frequently considering single family homes as an alternative to condos.
Vacant Land At mid-year, for the Greater Park City area, the median sales price of vacant land is down 20% from last year. Both the Snyderville Basin and Jordanelle Areas saw increases in sales but decreases in price compared to last year. The median price for vacant land in the Snyderville Basin Area fell 23% to $267,000, and the Jordanelle Area fell 15% to $118,750. However, vacant land sales climbed 39% in the Snyderville Basin and spiked upward 138% in the Jordanelle Area compared to 2012!
In the Park City Limits, vacant land sales followed the same trend as single family homes with an increase in the number of sales of 26% compared to the same time period last year and a moderate increase in median price of 12%, reaching $525,000.
Looking Ahead Park City Board Statistician Mark Seltenrich comments, "The market continues to be active, with the number of sales in the second quarter being the most we've seen since 2007. The median sales price for the greater Park City area in single family homes, condominiums, and vacant land is still down from the peak months of 2007, but the current trend of slow but steady rise of property value is an indication of a balanced and healthy market."
Spencer adds, "The recent 1.5% jump in interest rates—which was the highest short-term spike in over 50 years—reminds us that rates are still attractive, especially compared to those a few years ago. We have a very diverse market, and I encourage buyers and sellers to contact their local REALTOR® for the most reliable and up to date information for their neighborhood."
For Park City or Deer Valley Real Estate needs, call me!
Heather Feldman 435-731-0803
Monday, July 1, 2013
Designer's Home in Trailside, Park City Utah
Every corner, every surface was chosen with the utmost flair. Beautiful use of natural stone and granite is evident throughout. 6 bedrooms, 5 baths, luxurious hardwood floors and great outdoor entertaining space...all just steps away from Trailside Elementary School.
For more information call me at 435-731-0803
MLS 1171201Virtual Tour
MLS 1171201Virtual Tour
Thursday, June 6, 2013
Vail Resorts to operate Canyons and features the EPIC pass!
Vail Resorts signs a 50 year lease to operate Canyons Ski Resort
"With 4,000 skiable acres, easy access to the town of Park City and $75 million in recent resort improvements, Canyons is a perfect complement to our collection of world-class mountain resorts," Rob Katz, the chairman and CEO of Vail Resorts, said in the prepared statement, commending Talisker Corporation's efforts at Canyons Resort.
Canyons will now feature the Epic pass which allows passholders to ski Vail, Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar, Arapahoe Basin and Eldora.
This pass also includes 5 days at Verbier Switzerland and 5 days at Arlberg Austria.
What a deal! We love it!
CLICK TO READ MORE ABOUT VAIL AND THE CANYONS
Saturday, December 29, 2012
Park City Horse Property bargain
Horse lover? You can live in Silver Creek on almost an acre in this 4 bedroom 3 bath remodeled home. Offered at $519,000.
Click on the link below to see the virtual tour. Call me to view this home.
www.obeo.com/752202
Heather Feldman
Equity Real Estate Luxury Group
435-731-0803
Heather@ParkCityHouseHunters.com
SEARCH THE PARK CITY MLS
Tuesday, December 18, 2012
Loan rates to remain low
Click the link below to see the Huffington Post's article on the Fed keeping rates low until unemployment reaches 6.5%.
Good news for home buyers. You still have time to take advantage of the low mortgage rates offered today.
http://www.huffingtonpost.com/2012/12/12/fed-rates-unemployment_n_2286328.html?icid=maing-grid10|htmlws-main-bb|dl2|sec1_lnk3%26pLid%3D244642
Thinking of Buying or Selling in Park City Utah? Call me today
Heather Feldman
435-731-0803
SEARCH THE PARK CITY MLS
Good news for home buyers. You still have time to take advantage of the low mortgage rates offered today.
http://www.huffingtonpost.com/2012/12/12/fed-rates-unemployment_n_2286328.html?icid=maing-grid10|htmlws-main-bb|dl2|sec1_lnk3%26pLid%3D244642
Thinking of Buying or Selling in Park City Utah? Call me today
Heather Feldman
435-731-0803
SEARCH THE PARK CITY MLS
Sunday, December 9, 2012
Canyons Resort picture of the day
Click below to see the Canyons Resort shot of the day 10" of powder!!!
Grab your skis ( or your board) and get to Park City!
http://www.canyonsresort.com/cam_shoot.html
Grab your skis ( or your board) and get to Park City!
http://www.canyonsresort.com/cam_shoot.html
Tuesday, December 4, 2012
Promontory Ranch Club Park City Utah
Promontory is one of Park City's outstanding communities here in Park City. It is actually the reason why I ended up living here -but that is another story.
This blog is about the re-boom ( is that a word?) of Promontory in Park City.
Promontory has had an interesting history. It goes sort of like this:
Launch - Wow! great new community
Success - tourists and locals alike took to this community with lots of amenities
Bankruptcy - Ouch. Many homeowners were hurt by this and lost their homes and fortunes
Rebound - slowly but surely
Hot property - Promontory Ranch Club is one of the fastest selling communities in Park City.
The beginning of the Rebound was spurred on by the fabulous priced bank owned homes and lots. The club was still doing well and they built the Shed. One of the best amenities in my opinion. The bank owned deals are pretty much gone, but the popularity remains.
Promontory has beautiful views of all 3 resorts and is only minutes from Deer Valley, Park City and Canyons ski resorts. The shuttle is waiting to take you to the resorts. Don't feel like skiing? The tennis courts are converted into a skating rink in the winter - or how about visiting the outfitter's cabin and grabbing some snowshoes?
It's a community that caters to people that love a fulfilling lifestyle. Check out Promontory's video telling a bit about their resort.
Contact me for Promontory Real Estate
Heather Feldman
435-731-0803
heather@parkcityhousehunters.com
This blog is about the re-boom ( is that a word?) of Promontory in Park City.
Promontory has had an interesting history. It goes sort of like this:
Launch - Wow! great new community
Success - tourists and locals alike took to this community with lots of amenities
Bankruptcy - Ouch. Many homeowners were hurt by this and lost their homes and fortunes
Rebound - slowly but surely
Hot property - Promontory Ranch Club is one of the fastest selling communities in Park City.
The beginning of the Rebound was spurred on by the fabulous priced bank owned homes and lots. The club was still doing well and they built the Shed. One of the best amenities in my opinion. The bank owned deals are pretty much gone, but the popularity remains.
Promontory has beautiful views of all 3 resorts and is only minutes from Deer Valley, Park City and Canyons ski resorts. The shuttle is waiting to take you to the resorts. Don't feel like skiing? The tennis courts are converted into a skating rink in the winter - or how about visiting the outfitter's cabin and grabbing some snowshoes?
It's a community that caters to people that love a fulfilling lifestyle. Check out Promontory's video telling a bit about their resort.
Contact me for Promontory Real Estate
Heather Feldman
435-731-0803
heather@parkcityhousehunters.com
Thursday, November 29, 2012
Home Prices increase finally!
Great News!
Home prices are increasing - finally!
Even though many areas have seen increased sales volume, most have not experienced price increases. Park City Utah has super low inventory - less than 400 single family homes and less than 400 condos on the market right now. However, the typical reaction to low inventory of price increases have been slower than what we saw in the boom time.
The article below discusses the beginning of price increases in major cities.
Click to see article
Call me for all of your Park City, Utah Real Estate needs.
Heather Feldman
435-731-0803
heather@parkcityhousehunters.com
Wednesday, September 26, 2012
Park City's Real Estate market today
A question we are all asking constantly - what is the market like in Park City today?
Should I sell now? Should I buy now?
Well, as I have said before, my crystal ball isn't working! However, we can look at some really interesting indicators to make some educated choices.Today we have the lowest inventory since 2007, approx 820 single family and condo listings in Park City including Park City Proper and Park City Extended. These areas include Deer Valley, Park City, Snyderville Basin ( Silver Springs, Canyons etc) Trailside, Jeremy Ranch, Pinebrook, Summit Park, Glenwild and Promontory and everything in between.
In 2010 there were approx 2600 properties on the market in those same areas. This change has created a shift from a Buyer's market to a Balanced market. We are not in a Seller's market where homes are flying off the market at highly increased prices, but we definitely have seen a shift.
 |
| Stats courtesy of Rick Klein, Wells Fargo Mortgage. For full stats package, email me at heather@parkcityhousehunters.com |
Foreclosures have slowed, short sales are much fewer which is causing the regular inventory to sell. We are just not seeing the screaming deals like we have in the past few years. What does this all mean to you?
In my opinion if you are looking to buy, it doesn't pay to gamble. Rates are lower than we will probably ever see again, home prices have not jumped - it is a win-win.
Call me for more information about any home or condo in Park City.
Heather Feldman
435-731-0803
heather@parkcityhousehunters.com
SEARCH THE PARK CITY MLS
Tuesday, April 17, 2012
The Best Place to live in Park City Utah, Part 3, Old Town
Old Town is the perfect place to live for many residents. They like the bustling energy, the closeness to all things Park City. Read on to see if Old Town sounds right for you:
Park City’s Old Town has a colorful history and is full of character. Old Town reflects the rich mining history of Park City, which was incorporated as a city in 1884, eighteen years after silver was discovered in its mountains. Many of the original commercial and residential buildings still remain, reflecting the Victorian architecture of that era. Main Street in Old Town is known for its great shops, world class restaurants, art galleries and unique character.
You will see multi-million dollar mansions next to small miner’s cottages, homes that are maintained beautifully next to rental properties in need of some love. That’s the beauty of Park City’s Old Town. It’s not cookie cutter subdivision bland. The beauty is in the diversity, the diversity of homes and of residents. Approximately 50% of the homeowners are full-time, the other 50% are either second home owners or investment/rental properties.
From Old Town you can walk to Historic Main Street for dining or shopping. The City has installed stairs at intervals to get you up to Lowell and down to Park Ave. You are in the middle of all the action. Many of the Old Town homes are within walking distance to Park City Mountain Resort for skiing or hiking and biking in the summer.
Prices range from the $200’s for a condo up to $8 Million dollars for a large home on a large lot. The average home right now is 3-4 bedrooms, 1 car garage, 2000 sq ft and runs between $799,000 and about $900,000.
Click below to see some Old Town properties available for purchase.
Park City’s Old Town has a colorful history and is full of character. Old Town reflects the rich mining history of Park City, which was incorporated as a city in 1884, eighteen years after silver was discovered in its mountains. Many of the original commercial and residential buildings still remain, reflecting the Victorian architecture of that era. Main Street in Old Town is known for its great shops, world class restaurants, art galleries and unique character.
You will see multi-million dollar mansions next to small miner’s cottages, homes that are maintained beautifully next to rental properties in need of some love. That’s the beauty of Park City’s Old Town. It’s not cookie cutter subdivision bland. The beauty is in the diversity, the diversity of homes and of residents. Approximately 50% of the homeowners are full-time, the other 50% are either second home owners or investment/rental properties.
From Old Town you can walk to Historic Main Street for dining or shopping. The City has installed stairs at intervals to get you up to Lowell and down to Park Ave. You are in the middle of all the action. Many of the Old Town homes are within walking distance to Park City Mountain Resort for skiing or hiking and biking in the summer.
Prices range from the $200’s for a condo up to $8 Million dollars for a large home on a large lot. The average home right now is 3-4 bedrooms, 1 car garage, 2000 sq ft and runs between $799,000 and about $900,000.
Click below to see some Old Town properties available for purchase.
To see any Park City Real estate, contact me at heather@parkcityhousehunters.com
SEARCH THE PARK CITY MLS
SEARCH THE PARK CITY MLS
Thursday, April 12, 2012
The Best place to live in Park City, Utah Part 2, TRAILSIDE PARK
Trailside Park
Trailside Park is one of my favorite areas – I live there! I chose this area because of the proximity to everything . Trailside Elementary is within walking distance of most Trailside homes along with a fantastic park that includes 2 soccer fields, 2 play jungle gyms, 2 tennis courts, sand volleyball, a bike pump track and a skate park! Whew! That’s a lot of fun right here!
Trailside is mostly primary residents and the homes range from the $300’s to well above $2 Million. It is super popular with families because of all the recreation and fun listed above. No kids, or older kids? The Park City free bus runs right through the center of Trailside, so easy to send your teens off to the slopes on the bus.
Park City Mountain is about 8-10 minutes from Trailside, Canyons about 6 minutes and Deer Valley about 10 minutes. Park City’s historic Main Street is only 10 minutes away as well. It's considered a little bit "out of town" compared to Old Town living, but works well for most locals. Salt Lake City is about 25 minutes from Trailside and both the I-80 fwy and the SR-40 are withing minutes making this a great commuter neighborhood. Doctors that need to be able to be down in SLC within 30 minutes when on call live in Trailside.
Redstone center is about 5 minutes away and you will find grocery shopping, movie theatres, stores like Bed Bath and Beyond, TJMaxx, WorldMarket and many others. My dentist is in that center too!
So, let’s talk about the name…Trailside Park. There are tons of trails connecting through Trailside for biking , hiking or jogging. The trails connect with Round Valley, Mountain Ranch Trails, Glenwild Trails and Silver Creek Trails. Plenty of exercise and recreation for everyone.
TRAILSIDE HOMES AVAILABLE
For more information about living in Trailside, contact me at heather@parkcityhousehunters.com , or call me at 435-731-0803
Heather Feldman
Equity Real Estate Luxury Group Park City Utah
Trailside Park is one of my favorite areas – I live there! I chose this area because of the proximity to everything . Trailside Elementary is within walking distance of most Trailside homes along with a fantastic park that includes 2 soccer fields, 2 play jungle gyms, 2 tennis courts, sand volleyball, a bike pump track and a skate park! Whew! That’s a lot of fun right here!
Trailside is mostly primary residents and the homes range from the $300’s to well above $2 Million. It is super popular with families because of all the recreation and fun listed above. No kids, or older kids? The Park City free bus runs right through the center of Trailside, so easy to send your teens off to the slopes on the bus.
Park City Mountain is about 8-10 minutes from Trailside, Canyons about 6 minutes and Deer Valley about 10 minutes. Park City’s historic Main Street is only 10 minutes away as well. It's considered a little bit "out of town" compared to Old Town living, but works well for most locals. Salt Lake City is about 25 minutes from Trailside and both the I-80 fwy and the SR-40 are withing minutes making this a great commuter neighborhood. Doctors that need to be able to be down in SLC within 30 minutes when on call live in Trailside.
Redstone center is about 5 minutes away and you will find grocery shopping, movie theatres, stores like Bed Bath and Beyond, TJMaxx, WorldMarket and many others. My dentist is in that center too!
So, let’s talk about the name…Trailside Park. There are tons of trails connecting through Trailside for biking , hiking or jogging. The trails connect with Round Valley, Mountain Ranch Trails, Glenwild Trails and Silver Creek Trails. Plenty of exercise and recreation for everyone.
TRAILSIDE HOMES AVAILABLE
For more information about living in Trailside, contact me at heather@parkcityhousehunters.com , or call me at 435-731-0803
Heather Feldman
Equity Real Estate Luxury Group Park City Utah
Wednesday, March 28, 2012
The Best Place to live in Park City Utah
Visitors come to Park City, fall in love and want to start a great life here. Just like I and many others did!
The tough part is how to choose which area is best for you and your family.
What should you do? Drive around? Ask some locals? Sure, both of those are great starting points, but really your Park City Realtor should be a main source for information.
If your Realtor is good, they make it their business to know the ins and outs, the plusses and minuses of each area. Jeremy Ranch is not the same as Silver Springs or Prospector etc. I don't just look at comps and stats, in most cases we have friends in each area, I have worked with the HOA's, I may even live in the area you are interested in.
My job is to figure out what is important to you. How important is it to have easy access to the I-80 fwy? What do you and your family like to do in your free time? Are your kids young enough to play at a park, and if so, how close do you want to be to it? Do you want to walk to shops and restaurants? Do you like a neighborhood feel or solitude? View or mountain feel?
I don't sit you down with a questionairre, although that might be a good option! We sit down and talk, we spend time together to really figure out what works for you. The area that is best for one buyer may not work at all for another - even if the answers are the same.
In the next few blogs I will go over some of the local neighborhoods and why they may work for you.
For all Real Estate in Park City, call me at 435-731-0803
Heather Feldman
SEARCH THE PARK CITY MLS
The tough part is how to choose which area is best for you and your family.
What should you do? Drive around? Ask some locals? Sure, both of those are great starting points, but really your Park City Realtor should be a main source for information.
If your Realtor is good, they make it their business to know the ins and outs, the plusses and minuses of each area. Jeremy Ranch is not the same as Silver Springs or Prospector etc. I don't just look at comps and stats, in most cases we have friends in each area, I have worked with the HOA's, I may even live in the area you are interested in.
My job is to figure out what is important to you. How important is it to have easy access to the I-80 fwy? What do you and your family like to do in your free time? Are your kids young enough to play at a park, and if so, how close do you want to be to it? Do you want to walk to shops and restaurants? Do you like a neighborhood feel or solitude? View or mountain feel?
I don't sit you down with a questionairre, although that might be a good option! We sit down and talk, we spend time together to really figure out what works for you. The area that is best for one buyer may not work at all for another - even if the answers are the same.
In the next few blogs I will go over some of the local neighborhoods and why they may work for you.
For all Real Estate in Park City, call me at 435-731-0803
Heather Feldman
SEARCH THE PARK CITY MLS
Wednesday, February 29, 2012
It's Snowing in Park City!
Winter is here...Powder day tomorrow.
Wish you were here? Own a piece of Park City.
www.parkcityhousehunters.com
heather@parkcityhousehunters.com
Wish you were here? Own a piece of Park City.
www.parkcityhousehunters.com
heather@parkcityhousehunters.com
Saturday, February 18, 2012
Park City, Utah home under $400,000!
Can you believe you can live the Park City dream
for under $400,000?
Well, believe it! The home I am featuring today is a 3 bedroom, 2 bath single story home on a large lot in the heart of Park City. That's right - we are talking about a 3 minute drive to Park City Mountain. - This great family home is on the Park City free bus system and within walking distance to our famous "Rail Trail" for hiking, running and biking.
- Kids can walk to Mc Polin Elementary, Treasure Mountain Middle School and Park City High
- Approx a 3 minute drive to Park City Mountain for skiing
- Approx 3 minutes to Park City's Historic Main Street
2293 Buffalo Bill , Park City Utah 84060
CLICK TO SEE MORE INFORMATION
OR CALL ME AT 435-731-0803 TO SEE THIS HOME
HEATHER FELDMAN
Friday, January 20, 2012
Movie Studio Likely in Park City!
Wow, this has been a long time coming, but it appears Park City and Summit County have come to an agreement regarding Raleigh Studios coming to Park City. Quinn's Junction is at the corner of the US 40 fwy and the SR 248 ( Kearns Blvd). See article below:
TO BRING RALEIGH STUDIOS TO QUINNS JUNCTION
Developer to petition Park City to annex land into corporate limits.
Park City, Utah; January 18, 2012
Summit County and Park City officials have reached an agreement with developer Greg Ericksen to bring Raleigh Studios to Quinns Junction area. This announcement comes after more than a year of discussions with Mr. Ericksen on the development of a movie studio, entertainment center, hotel and digital medial complex by Raleigh Studios. General terms of the settlement agreement include project size, adherence to local design guidelines and safeguard the Sundance Film Festival.
One key term of the settlement agreement is an application by Mr. Ericksen to annex the property into Park City. The property is located just outside the Park City corporate limits, southeast of the intersection of State Route 248 and U.S. 40. “The City fought against this project for many years,” said City Manager Tom Bakaly. “Over that past year it became increasingly apparent that the high level of interest in this project by the Utah Legislature, coupled with the pending lawsuit between Mr. Ericksen and Summit County, made it highly likely that a movie studio would be built in the Quinns Junction area.” Given these circumstances it is in our best interest to work with Mr. Ericksen and Raleigh Studios in order to accomplish community goals that “support the lodging industry, protect the Sundance Film Festival from unfair competition, and make this project fit as best as possible with area design guidelines and the Park City brand.”
County Manager Bob Jasper further explained that “while the project will have greater density than our zoning allows on that site, we are pleased to have this lawsuit dismissed and to begin a new chapter with Mr. Ericksen and Raleigh Studios.”
If the annexation into Park City is approved, the settlement agreement would allow a movie studio, entertainment center, hotel and digital medial complex of up to 374,000 gross square feet of density subject to the following limitations:
The hotel would be limited to 100 rooms and 100 total keys;
The entire project would be built to LEED standards;
Mr. Ericksen and Raleigh Studios cannot cause any harm to Sundance, and
Raleigh Studios will have to comply with design guidelines included in the agreement. The guidelines are such that the movie studio’s look and feel would be similar to the surrounding buildings, such as the hospital. Additionally, the City’s Planning Department would be heavily involved in the review of the design.
If the annexation is turned down by the Park City Council after a review by the Park City Planning Commission, the project would revert to Summit County for a movie studio, entertainment center, hotel and digital media complex of up to 355,000 gross square feet of density.
The Summit County Manager has approved the Settlement Agreement. The Park City Council will review and possibly approve the Park City Annexation Addendum to the Settlement Agreement and accept the annexation petition on January 26, 2012. Bakaly added that “staff will recommend that the Park City Council and Planning Commission consider the agreement and public annexation process as a way to accomplish our greater community goals.”
Quinns Junction is located at the intersection of State Route 248 and US 40. It is home to Intermountain Healthcare Hospital, the National Ability Center, the United States Ski and Snowboard Association, Physicians Healthcare, the Park City Ice Arena & Sports Complex, Summit County Health Department and People’s Health Clinic.
Sunday, December 4, 2011
Wasatch 360 exciting new TV show on Fox 13 in Utah!
If you weren't up at the crack of dawn on Saturday, December 3, 2011 you probably missed the debut of the brand new TV show on Fox 13 here in Utah. Wasatch 360 is a news magazine/lifestyle show showcasing the best and most exciting things in the Wasatch front and Wasatch back regions of Northern Utah.
This new, exciting show will feature guests like Stein Erickson, Olympians Ted Ligety and Shannon Bahrke. You will also watch an interviews with acclaimed director Morgan Spurlock and other Sundance Film Festival Celebrities. The show will also feature some of the most luxurious estates in Salt Lake City and Park City. You will get tips on the hottest ski gear and clothing along with watching some really cool adventures while riding the Olympic Bobsled, hot air ballooning and pretty much anything you can think of that is fun to do in the Wasatch Mountain Region. There will also be a segment called Utah Spotlight that will be 3 minute segments featuring some of Utah's most compelling and interesting companies in Utah. If you own a company that would like to be featured, go to the website below and contact Larry Feldman (yes, he is my husband) or John Goulet to become part if this exciting show.
Visit www.wasatch360tv.com to view details and watch a demo of what the show will be. The first show will be available to view soon.
Visit www.wasatch360tv.com to view details and watch a demo of what the show will be. The first show will be available to view soon.
Saturday, November 26, 2011
Selling your Home? A few things NOT to do!
So, you're thinking about putting your home on the market. Good Idea!
A few things you don't want to do:
Don’t allow Deferred Maintenance ruin your chances of selling.
Ever hear the term “Deferred Maintenance”? What exactly does that mean anyway?
Deferred Maintenance is a nice way of referring to household maintenance that has not been kept up on or done. As a buyer walks through your home, they are falling in love with the floorplan, with how their family will live in this home and starting to imagine their furniture in there, right? Maybe. They also are walking through noticing all the repairs needed to your home and getting a sour taste in their mouth wondering what needs attention that they can’t see.
What to do? Have a friend walk your home and look for cosmetic items with a buyer’s eye for items that look dirty or worn- paint, carpet, dirty vents, crumbling grout etc. They will see things you have walked past for years. If you really want to make sure deferred maintenance does not become an issue once your home is for sale, get an inspection and fix whatever comes up on the inspection. You won’t catch every single item, but you have a good chance of the sale not falling out because of the condition of your home.
The next big one:
Disclose everything!!! Even if you think it is inconsequential.
Your agent should impress upon you the importance of disclosing everything. If they try to tell you that basement flooding or the car sliding down the driveway into the dining room isn't worth disclosing, RUN!
Case in point – had a home under contract recently. It was my buyer’s dream home. The seller filled out the required seller’s disclosure form, which indicated no known problems with the home in a number of categories. During the inspection a sizable water intrusion was discovered. Water stains on the baseboards and eventually mold was found near the source of the intrusion.
My buyer ‘s first reaction was to wonder what else they were hiding. What else was wrong with this home that the seller was not telling us about? The seller suddenly remembered an occasion where water came in through the window during a heavy rain season. Amazing how that works! The water intrusion is discovered and miraculously they remember it. Cynical? Maybe, or maybe just a reasonable reaction to an unfortunate situation. Not an insurmountable situation, just one that leaves the buyer uneasy.
In this case, if the seller had not allowed this water intrusion become Deferred Maintenance ( they did not remedy the situation as they could have) and disclosed the water intrusion and what they did to remedy it, this sale may have been saved. Now, the buyer must start over in their search for a home and the seller starts over looking for a new buyer. Hopefully they will amend their seller’s disclosure to lawfully show the issues at hand and maybe even fix them prior to the next buyer discovering them.
As a seasoned Realtor, we see deferred maintenance all the time. It doesn’t necessarily kill every sale, but it can put a seed of doubt in a buyer’s mind. How refreshing it is to list a home where it is evident the owner has taken care of it and in a timely manner. Sure makes our job easier, and the sale of the home a stronger possibility. In Park City we find buyers from out of the area will respond better to a home that needs less attention. It is usually too difficult to have repairs and remodeling done from a long distance.
Looking for a ski property or investment property?
Call me for more information about Park City, Utah.
Heather Feldman 435-731-0803
A few things you don't want to do:
Don’t allow Deferred Maintenance ruin your chances of selling.
Ever hear the term “Deferred Maintenance”? What exactly does that mean anyway?
Deferred Maintenance is a nice way of referring to household maintenance that has not been kept up on or done. As a buyer walks through your home, they are falling in love with the floorplan, with how their family will live in this home and starting to imagine their furniture in there, right? Maybe. They also are walking through noticing all the repairs needed to your home and getting a sour taste in their mouth wondering what needs attention that they can’t see.
What to do? Have a friend walk your home and look for cosmetic items with a buyer’s eye for items that look dirty or worn- paint, carpet, dirty vents, crumbling grout etc. They will see things you have walked past for years. If you really want to make sure deferred maintenance does not become an issue once your home is for sale, get an inspection and fix whatever comes up on the inspection. You won’t catch every single item, but you have a good chance of the sale not falling out because of the condition of your home.
The next big one:
Disclose everything!!! Even if you think it is inconsequential.
Your agent should impress upon you the importance of disclosing everything. If they try to tell you that basement flooding or the car sliding down the driveway into the dining room isn't worth disclosing, RUN!
Case in point – had a home under contract recently. It was my buyer’s dream home. The seller filled out the required seller’s disclosure form, which indicated no known problems with the home in a number of categories. During the inspection a sizable water intrusion was discovered. Water stains on the baseboards and eventually mold was found near the source of the intrusion.
My buyer ‘s first reaction was to wonder what else they were hiding. What else was wrong with this home that the seller was not telling us about? The seller suddenly remembered an occasion where water came in through the window during a heavy rain season. Amazing how that works! The water intrusion is discovered and miraculously they remember it. Cynical? Maybe, or maybe just a reasonable reaction to an unfortunate situation. Not an insurmountable situation, just one that leaves the buyer uneasy.
In this case, if the seller had not allowed this water intrusion become Deferred Maintenance ( they did not remedy the situation as they could have) and disclosed the water intrusion and what they did to remedy it, this sale may have been saved. Now, the buyer must start over in their search for a home and the seller starts over looking for a new buyer. Hopefully they will amend their seller’s disclosure to lawfully show the issues at hand and maybe even fix them prior to the next buyer discovering them.
As a seasoned Realtor, we see deferred maintenance all the time. It doesn’t necessarily kill every sale, but it can put a seed of doubt in a buyer’s mind. How refreshing it is to list a home where it is evident the owner has taken care of it and in a timely manner. Sure makes our job easier, and the sale of the home a stronger possibility. In Park City we find buyers from out of the area will respond better to a home that needs less attention. It is usually too difficult to have repairs and remodeling done from a long distance.
The Moral of this story:
Maintain your home, get all items fixed prior to listing and DISCLOSE!
Looking for a ski property or investment property?
Call me for more information about Park City, Utah.
Heather Feldman 435-731-0803
Wednesday, November 16, 2011
Park City Mountain $25 Benefit Lift tickets
Park City Mountain Resort’s Legacy Fund is offering $25 Benefit Day(s) lift tickets again this year.
The tickets are valid from November 19 – December 16 and all ticket proceeds go to the Park City Mountain Resort Legacy Fund and the Summit Land Conservancy. There are a limited number of tickets left. You can purchase in-person in the Resort Services Office at Park City Mountain Resort. Tickets must be purchased by 5 p.m. on Friday, November 18. These are a great gift for clients, friends, family, etc. Don’t miss out!
The goal of the Park City Mountain Resort Legacy Fund is to support Summit County through grants to nonprofit organizations that provide our community with effective programs in the areas of Environmental Stewardship, Children and Athletics, Education, and/or provide social services and humanitarian aid to help people in need. Contact Park City Mountain Resort www.pcmr.com
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