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!
I have not blogged in a while - and with good reason! The market has been crazy busy here in Park City! Check out the article below about what has been driving the upswing in Ski Resort Real Estate:
According to JP Morgan, housing prices could jump up to 9.7% in 2013. That would be the highest increase since the boom in 2006. Here is the message: BUY NOW BEFORE PRICES GO UP!
Click the link below to see the whole article:
The article sites such benefits as a young workforce, Utah is less likely to award for frivolous lawsuits and energy costs are low. Read more by clicking the link above.
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
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.
Statistics released by the Park City Board of Realtors is showing a steady improvement in the local Real Estate Market. Might just be the right time to get in to the
Park City market before we see another boom!
A few highlights: Active listings are at the lowest since 2007... Distressed Sales continue to drop... Sales are up 3% from 2011... Median price is up 11%....
