Wednesday, August 19, 2015

Utah Ski Country Real Estate Vibrant as Canyons Becomes Park City

Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.
 
Search for Utah Mountain and Ski Resort Real Estate

THE NEWS Records in sales and values are being set in the Utah Ski Country real estate markets, while The Canyons ski resort has been renamed Canyons at Park City.

Median sales price in the Park City/Deer Valley market reached a new high in July during the current real estate recovery at $414.00 per square foot. The Ogden Valley, home to Snowbasin, Powder Mountain and Nordic Valley, also set a new high for median sales price, but only at $170.00 per square foot.  This means a buyer pays 60% less in the Ogden Valley for a property than they would for a similar property in the Park City/Deer Valley area.  The Ogden Valley remains the best deal in Utah Ski Country, with world-class ski resorts above a beautiful, idyllic valley and a large recreational lake.  But it could be that prices on the rise will make great deals in the Valley harder to come by.

Units sold in the Brighton/Solitude/Big Cottonwood Canyon/Salt Lake City bench market reached a high of 81, while the median days on the market dropped to 18.  With some minor exceptions, the Utah Ski Country real estate market continues to strengthen.  The recovery has been fairly consistent and enduring.  For anyone thinking about buying...or selling...this might be the time to make a move.

For all the July real estate statistics in Utah's ski country, go to  Utah Ski Country Real Estate Comparative Statistics.

Vail Resorts has announced that The Canyons ski resort, which they recently purchased along with  Park City ski resort, will be known as The Canyons at Park City.  This announcement comes as excitement builds surrounding the lift system nears completion that will connect the two resorts.  The connection will be operational for the 2015/2016 season.

Real estate insiders in the Park City/Deer Valley/Canyons market are still waiting to determine the fallout from the Vail Resorts takeover, lift system connection and the new development that is scheduled.  There is no doubt many new potential property owners will be attracted to the area...but it is also likely that some long-time residents and property owners will decide to escape to more peaceful and less congested resort areas.