Smart Real Estate is an informative weekly 30 minute television program aimed
at giving up-to-date information on the latest happenings
in Park City and surrounding area real estate. We regularly
invite developers of the hottest projects to share news
as well as utilizing our own experienced agents to ensure
that you aren't left in the dark. The show airs on PCTV,
local channel 17 and Salt Lake cable channel 102, Saturday and Sunday from 8:30 - 9:00 am,
1:30 - 2:00 pm and 6:00 - 6:30 pm;
Tuesday from 5:30 - 6:00 am; and Thursday from 5:30 - 6:00
am and 10:00 - 10:30 pm.
Each episode is available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly. If at any time you want more information, click on the "Talk To Us Now" button and you will be connected to an agent to help you with any questions.
Episodes
Episode #99 - What Sotheby's International Realty® Means To You
Date: May 16, 2008
Location: Silver Lake
Summary: With the question of what Summit Sotheby's International Realty brings to the market, we visited with Craig Forbes of Forbes Sotheby's International Realty in Vail and Beaver Creek. They are a real estate brokerage that very much parallels our own while being in a very similar market.
Forbes took on the Sotheby's franchise about 10 months ahead of us and they have found that the tools Sotheby's International Realty® brings to the table are very substantive and real. The web site, sothebysrealty.com is the most popular luxury real estate web site in the world. It is tied to WSJ, International Herald Tribune, Trulia and more. With over 80% of users looking on the web for real estate this becomes even more important.
Sotheby's International Realty® also offers an international name to our listings and exposure in elite publications that are distribute information about our properties throughout the world. Other tools e-tools such as LeadRouter, which make sure that incoming clients get information about listingsthey need immediately, and e-Gallery which displays our select properties in every Sotheby's International Realty® office around the world.
Our experience has been similar, but it is always educational to learn more from those who have proceeded before us, especially in a market that is as similar to ours as Vail and Beaver Creek.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 99 - "What Sotheby's International Realty® Means To You" now. Or for more specific information contact us directly.
Episode #96 - Treasure Hill Ski Homes
Date: April 3, 2008
Location: Silver Lake
Summary: We recently were able to tour the spectacular Treasure Hill Ski Homes in the heart of Old Town. What is regarded as one of the most important projects in town, Treasure Hill Ski homes is a complete two home compound that is completely furnished. While they've been on the market since last year, the finishing touches have just been finalized and the interior design is breathtaking.
These two large, almost an acre lots homes are literally right in Old Town and directly on the ski runs.
The compound is separated from the other Old Town homes through a tunnel that goes directly under a ski run, and many people don't even realize that they are there. Once you enter the compound you have complete privacy and it truly is like no other property around.
A big wooden gate is in the middle of all of the Old Town homes, and despite it separation and its size, it is compatible with Old Town. The uniqueness of this property will never be duplicated as the only two 1 acre lots and surrounded by 150 acres of open space.
Contact us to get a preview of this property or what the show online by clicking on the link below.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 96 - "Treasure Hill Ski Homes" now. Or for more specific information contact us directly.
Episode #94 - Mid-Season Report
Date: February 8, 2008
Location: Silver Lake
Summary: If you are wondering about ski conditions in Park City, lets just say we are literally buried. Record snowfalls have contributed to sensational ski conditions, so now is the time to come out. On the real estate front, compared to the rest of the nation, the market here remains solid and trends indicate it will stay that way.
2007 turned out to be Park City's second best year with approximately $1.9 billion in real estate transactions. A few areas and property-types performed particularly well including condos in the high-end market areas of Old Town, Upper Deer Valley, and Park Meadows. Throughout 2007 Utah was the best in the nation in real estate price appreciation and job creation, while the rest of the US experienced tremendous turbulence in the real estate market.
This January was a slower start than last year and can be attributed to buyers watching what is happening nationally, local market stabilization and frankly the snowy weather. While it has been great for skiing, it makes it hard to show property. However, prices have remained strong and certain segments remain active including Upper Deer Valley, where people seem to be looking at their purchase as both a standard investment and an investment in their lifestyle.
Single-family homes are still steady with prices leveling off compared to the major price leaps of the past few years. Vacant land sales have been affected by the big snow year with lots being difficult to identify in feet of snow, but we expect this to improve once spring comes.
The general feeling is that our market will continue to perform well. This is being validated by other markets in the Rocky Mountain Resort Alliance (RMRA), which also have had a busy Christmas season. Realtors from these areas have shared that they also have had many property showings during this time that didn't end with offers. Most Realtors remain positive as a pattern of buyers returning to buy later has been established in past seasons. RMRA prices are up, dollar volume is up, and total sales are equivalent with last year. This seems to indicate that the upper-end recreational market will remain one of the strongest in the US.
Looking back at our review from last quarter, there was concern about whether we would see snow for the year. There was also concern about interest rates going up, whether financing would be available, and how buyers would react to recent price increases. Today, we've experienced record snow levels, low interest rates, excellent financing is still available, and buyers are doing their due diligence (meaning the buying frenzy is over) but are also accepting current price levels. Compared to other markets, our statistics are looking sensational.
For information on individual projects that have performed well and that we will be closely monitoring watch the latest Smart Real Estate episode today.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 94 - "Mid-Season Report" now. Or for more specific information contact us directly.
Episode #93 - The Residences at the Chateaux
Date: January 14, 2008
Location: Silver Lake
Summary: The Residences at the Chateaux in Deer Valley is an equity residence club ownership based on a concept developed with the Deer Valley Club in 1992. Equity residence ownership gives its patrons 1/6 title in the property along with as much vacation time as what would be typical if they owned their own vacation home, and access to many hotel-type amenities without the burden of full ownership.
Each year owners have the option of reserving two pre-planned weeks during the winter ski season and two in the summer season. After every owner's reservations have been confirmed then they can reserve additional vacation slots on a space available basis. They can also reserve more vacation time within a short period of only a week if a residence is available. The minimum any owner would get is 3 ski weeks, but there is also no limit to the how much an owner can use if a residence is available.
Once an owner has a confirmed reservation, they can also send friends and relatives on their behalf. There is also flexibility to schedule more than one unit at a time to have a corporate meeting, a family reunion, or to bring along some friends on your vacation. This unique sort of concept means that an owner potentially has more flexibility than if they had whole ownership of a comparable property.
The Residences at the Chateaux is comprised of 19 three and four bedroom residences (all of the penthouses are sold) located in Silver Lake, just steps from the lifts. Among its many amenities, owners have access to a whole array of benefits that allow them to simply enjoy their vacation from the second they arrive in Salt Lake City. Owners are picked up at the airport when they arrive and throughout their stay they have transportation anywhere in town, meaning they don't have to worry about getting a rental car or parking.
Owners can also leave all of their ski equipment and clothing for use on their next vacation. They also have access to all of the Residences hotel-type services including room service, access to a member's lounge, game room, an outside pool and the restaurant.
Simply summed up, this is worry-free ownership.
As far as finishes, it is hard to find nicer units anywhere. 2,200 - 2,800 sq ft are as big as any three to four bedroom condo in Silver Lake and owners enjoy quality throughout. You also have 6 or 7 restaurants you can walk to and the Residences are in the heart of the action.
With price points of $356,000 to $440,000 this gives an owner the opportunity to get a vacation home at a reasonable price point and while building equity.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 93 - "The Residences at the Chateaux" now. Or for more specific information contact us directly.
Episode #92 - Flagstaff at Empire Pass
Date: January 2, 2008
Location: Flagstaff
Summary: The new East West Partners project in Flagstaff is one of the most exciting new opportunities to come about in Deer Valley. Recently we were able to preview the model unit to get a real taste of what exactly this project is all about.
Flagstaff is a mountain lodge located at the Village at Empire Pass sitting on the slopes of Deer Valley. It is comprised of 37 residences that are either 2, 3 and 4 bedroom units. The floor plans are central to the design of this project. The developers looked at the layout and views from the individual units before considering what the exterior would be like. The result is residences that have optimal views with a spectacularly unique layout.
Deer Valley is a unique area in that it is quickly accessed from the Salt Lake City International Airport and minutes from Old Town Park City. Flagstaff is a ski-in/ski-out project located mid mountain on the slopes.
Ownership of Flagstaff units gets you access to the Talisker Club, but Flagstaff also includes a number of amenities within the building that make Flagstaff a club within a club. This will allow people to just go downstairs to enjoy a number of fun activities and amenities or send their kids down without worrying about them crossing the slopes. There is about 5,000 square feet of common space that creates a nice residential atmosphere that allows you to not just stay in your residence, but to get out and mingle with other guests. It should be noted that amenities in Flagstaff are available only to Flagstaff owners.
Under construction as we speak, the pricing of these units is extremely competitive with other resort markets while being located on the #1 ski resort in the country at Deer Valley. East/West Partners has created state-of-the-art virtual tours that help you get a real feel for what it is all about.
Click here for a quick preview or contact us for a personal tour.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 92 - "Flagstaff at Empire Pass" now. Or for more specific information contact us directly.
Episode #91 - Red Cloud at Empire Pass
Date: December 15, 2007
Location: Silver Lake
Summary: Our friends at Empire Pass recently gave us a preview of an exciting release in the Red Cloud development on Flagstaff Mountain in Deer Valley. Over two years ago the Red Cloud development was conceived, with 13 of 30 lots being released at the time. Not suprisingly all 13 of them sold within 9 days.
This year another 9 lots will be released, ranging in size from about 1 - 1.5 acres, and available from the low $4 millions to the high $4 millions. It is safe to say that this community is unrivaled, with nothing like it in the US, let alone any resort community in the West. The lots are located essentially at the top of Flagstaff Mountain carefully located to protect the surrounding terrain and take advantage of spectacular panoramic views. Lots feature varied terrain from open space to beautifully wooded lots.
The community has direct access to four Deer Valley chairlifts and multiple runs making it the perfect setting for an outdoor playground. In the winter, residents will enjoy skiing at Deer Valley or quick access to some of the best snowmobile terrain in the world. In the summer, the community has direct access to limitless trails and backcountry.
In the first release of Red Cloud, little infrastructure improvements had been completed, so access to the first 13 lots was exclusively by snow cat tours. Today there is a 1.5 mile private road that makes previewing the new lots very easy.
New residences are currently being built on the sold lots that are all in the 10,000 square foot range. It would be advisable that anyone with interest preview these lots quickly.
For some visuals of what the development is all about, and more information specifically about the lots available and the community at large, watch our latest episode of Smart Real Estate online.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 91 - "Red Cloud at Empire Pass" now. Or for more specific information contact us directly.
Episode #90 - Single Family Homes
Date: December 6, 2007
Location: Redstone
Summary: Park City continues to be at an advantage over other real estate markets, despite what many are reporting to be gloom and doom across the country. A number of factors contribute to this including a strong job market and prospering economy across all of Utah, and a healthy real estate inventory in Park City across all property types and areas in our market. This is especially apparent when we compare ourselves to other resort markets that have become extremely limited in the type of product they sell.
Single Family Homes (SFH) really are the heart of the real estate market in Park City. As such, we like to look at what the statistics of the first three quarters of this year are telling us about this specific area of the market.
Through Q3 2007 the $1 - 2.5 million price range has become the sweet spot in single-family homes. While SFH sales are off a bit, total volume is up with the average selling price is $1,662,000. Certain areas, including Park Meadows and the Old Ranch Road area, are even outperforming last year.
For Glenwild, Promontory and in town in particular, homes under $2.5 million are getting the most interest and prices remain strong. We've found that people want to buy, but they want to make sure that they don't overpay. Remarkably, especially considering the rest of the nation, our SFH market has continued to appreciate with prices up 8% over last year. Most sellers are willing to hold onto properties rather than letting them go at "fire sale" prices. This has lent itself well to what we believe will continue to be a healthy and profitable market.
For a full review of what is happening in our market and what it means relative to what is happening across the rest of the nation, watch our Smart Real Estate episode.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 90 - "Single Family Homes" now. Or for more specific information contact us directly.
Episode #89 - Experience Marketing
Date: November 24, 2007
Location: Main Office
Summary: At Lewis, Wolcott & Dornbush Real Estate we believe the best way to market our listings and Park City in general is to help our clients experience what we enjoy every day. This sort of 'Experience Marketing' has proven to be very effective, as our product really speaks for itself.
Some of the ways we help people around the world experience Park City is through our web sites, online videocasts through parkcityondemand.com, and podcasts that are downloadable to video iPods we carry with us.
We also keep people up to date on our local television show, Smart Real Estate. In a recent episode we visited with Nancy Gardner, a nationally recognized real estate consultant, at our new Arrowleaf condos. Our main discussion is centered around what is happening around the nation in real estate and how Utah and resort real estate is coming out ahead of the game.
Utah is currently first in the nation in job growth and also in home value appreciation. This holds true for the resort markets as well and bodes well for future investment.
We also discuss in depth our new experience marketing program as described above.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 89 - "Experience Marketing" now. Or for more specific information contact us directly.
Episode #88 - The Sky Lodge
Date: November 10, 2007
Location: Redstone
Summary: If you haven't heard in the past, the Sky Lodge is an innovative new product located in the heart of Old Town Park City. We were able to preview a model unit and it is impressive.
The concept of Sky Lodge is unique. Unlike traditional ownership, participation with Sky Lodge gives you access to their units along with a whole host of fun things to do. Owners have access to a large variety of services and amenities, including 24-hour room service, a full staff specifically available to cater to your needs.
Buying into Sky Lodge gives its owners 35 days a year of access which includes all of its amenities and services, and you can chose how and when you want to use your days. So you can stay 35 times yourself or host your family and friends in other units.
Comprised of 22 units, there are five 2-bedroom units, twelve 3-bedroom units, four sky homes and one penthouse for a total of 176 ownership opportunities. As of our initial preview 112 were under contract with only 64 to left.
The sneak peek of the model unit demonstrates how impressive the Sky Lodge project truly is. Remarkable architecture and interior design along with countless finishing touches throughout exude a fun time. The goal was to create a place that fit in Park City, but also was unlike anything else and they have definitely achieved the desired results.
Ownership is available from $259,900 to $529,900. There are also two ownership opportunities for the penthouse at $1 million each. The penthouse will be the only one of its kind in Park City, on the sixth floor overlooking Old Town and the surrounding mountains.
You need a real estate agent to preview Sky Lodge and we recommend that you don't wait as the remaining ownership opportunities are expected to move fast.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 88 - "The Sky Lodge" now. Or for more specific information contact us directly.
Episode #87 - The Lookout at Deer Valley
Date: October 28, 2007
Location: Silver Lake
Summary: The Lookout at Deer Valley stands as one of our favorite projects since we first saw the artist renderings over two years ago, and within the last month you can really see what a great project it is. Construction has come together well with most of the heavy equipment gone and the recent installation of landscaping. By the end of November all of the heavy equipment will be gone and all structures will be framed by year end.
The Lookout is know for its commanding view corridor which peers out across the valley and looks up at Bald Mountain in Deer Valley. Outstanding concierge services and amenities are available 24 hours a day including on demand shuttles to take you to the resort or down into Old Town. Combined with a luxury clubhouse this project really is one of the premier locations in Deer Valley.
There are 35 units on 44 acres, with 23 of the units already under contract or sold. They are from 4,300 to 6,300 square feet with large living areas and 4 and 5 bedrooms. The layout of the units along with their spacious nature really make the project feel like single family living.
Rental projections are encouraging for this project, and those using the rental service will also have access to the various services and amenities.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 87 - "The Lookout at Deer Valley" now. Or for more specific information contact us directly.
Episode #86 - Summer Wrap-up, Winter Preview
Date: October 6, 2007
Location: Redstone
Summary: We are joined by members of our real estate team to discuss what happened in Park City real estate over the summer and what to expect in the winter.
Park City and surrounding areas have experienced steady but strong appreciation in all property types and in all areas, without some of the frenzy of the past.
The strongest part of the market has been with single-family homes, with multiple offers on homes in the $1 million price range.
Despite it not being the urgent market it has been in the past, there are still quite a few buyers out there, who instead of making a quick purchase are more inclined to check all available options before making an offer. Property that is well-priced are still being snatched up.
To get more insight on what we anticipate will happen in the winter please watch this episode now.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 86 - "Summer Wrap-up, Winter Preview" now. Or for more specific information contact us directly.
Episode #85 - Vail, Jackson Hole and Sun Valley
Date: September 22, 2007
Location: Silver Lake
Summary: The Rocky Mountain Resort Alliance (RMRA), of which our own Dennis Hanlon is president, meets regularly to discuss what is going on in their respective markets and how it relates to us.
Bart Peaslee (Vail, CO), Jack Delay (Jackson, WY) and Jed Gray (Sun Valley, ID) participated in an interesting discussion on
Smart Real Estatethat reveals just how well Park City real estate, and all resort real estate is doing compared to the rest of the country.
Vail has been extremely strong this year, with both prices and volume going up in overall real estate sales. Average price for all property types is $1.5 million up from $1.2 million one year ago. Buyers are typically those who have retired or are close to retirement, with an influx from the international market. Vail has also seen a number of tear downs and rebuilds.
Jackson Hole is down in inventory and up in prices, so things look very healthy for their market. They are down 12% in inventory, up 15% in volume and up 20% in price over 2005. They have also seen an 89% increase in sales at the $5 million mark. Jackson is a smaller market and they are restricted by available land with only 3% of the land in private hands.
Sun Valley survived a major fire where three sides of the ski mountain were attacked by fire. No homes were damaged and the ski facilities were also spared. The real estate market in Sun Valley has been flat, without price increases, but prices haven't fallen either. Inventories are up 64% from 2005. Because of this, it has taken the 'emergency' out of buying. However, the owners are very strong, and so the chance of seeing price drops would be unexpected.
Fortunately, the Park City market stacks up well to all of these markets, and it continues to be a great opportunity. Check out this informative episode today.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 85 - "Vail, Jackson Hole and Sun Valley" now. Or for more specific information contact us directly.
Episode #84 - Promontory Home Tour
Date: September 8, 2007
Location: Redstone
Summary: Lately we have been having weekly open houses at Promontory, because we know what is happening in Promontory and we love to showcase its spectacular homes and amenities.
These weekly open house tours are to help people understand the differences in the various Promontory subdivisions, and also to have a better understand of what is happening there with various events and activities. We have agents who are members of Promontory and who live there who give great insight into what exactly the Promontory lifestyle has to offer.
Home is Promontory range for under $2 million to around $5 million and have many different styles of architecture.
With all of our listings we actively promote them to potential buyers, and open houses are just one of the ways we do this. The advantage of our coordinated Promontory open house tours is it allows people to see multiple homes at a time throughout the project.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 84 - "Promontory Home Tour" now. Or for more specific information contact us directly.
Episode #83 - The Lodges at Snake Creek
Date: August 25, 2007
Location: Redstone
Summary: We are joined by Tom Olsen of The Lodges at Snake Creek, a spectacular new development in the heart of the Heber Valley near Midway. Located near two championship golf courses in The Homestead and Soldier Hollow. It also gives you quick access to virtually any kind of outdoor recreation and great access to the Deer Valley Jordanelle Gondola for skiing.
There are 62 total units in the project with 20 available in the first release. As of the filming of this show, 5 were pending leaving 15 available.
The great thing about this project is the value. Without any upgrades you get high-quality finishes you would expect in high-end town homes, but at a price point of $445,000 to $565,000.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 83 - "The Lodges at Snake Creek" now. Or for more specific information contact us directly.
Episode #82 - Beyond Park City Real Estate
Date: August 11, 2007
Location: Arrowleaf
Summary: We visit with Nancy Gardner, a nationally recognized real estate consultant, at our new Arrowleaf condos. We discuss what is happening around the nation in real estate and how Utah and resort real estate is coming out ahead of the game.
Utah is currently first in the nation in job growth and also in home value appreciation. This holds true for the resort markets as well and bodes well for future investment.
We also discuss our new experience marketing program involving our Arrowleaf condos, podcasts and our new site parkcityondemand.com. ParkCityonDemand.com allows anyone to access our listings as well as our Smart Real Estate shows around the world. The site features production video tours of our high-end properties giving visitors a real understanding of what our properties are like.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 82 - "Beyond Park City Real Estate" now. Or for more specific information contact us directly.
Episode #81 - Silver Strike
Date: July 28, 2007
Location: Silver Lake
Summary: Jack Koson from Silver Strike joins us for an update on this exciting project. This is prime time to take a look at Silver Strike. Construction is moving along and is currently ahead of schedule. But there aren't many units remaining. There's a short window of opportunity to buy here, where the value is incredible and the accessibility couldn't be better.
A fully furnished Silver Strike model will be ready in October, giving potential buyers a chance to see the top-of-the-line quality finishes, well thought-out amenities, and amazing views.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 81 - "Silver Strike" now. Or for more specific information contact us directly.
Episode #80 - Second Quarter Statistics
Date: July 14, 2007
Location: Redstone
Summary: We review the 2nd quarter statistics for real estate in Park City and surrounding areas.
Resort real estate around the country has not modeled what has happened in much of the rest of the nation and has remained strong. Utah is currently #1 in the nation in employment rate adding a number of high tech jobs. We also lead the nation in home appreciation at a rate of 17%. This puts Utah in a unique position going forward and all indicators seem to point towards Utah and Park City real estate not only surviving, but thriving during a real estate bubble.
Among notable resort communities Aspen has already sold $2 billion in real estate and has an average home price of $9 million. The market in Vail is also strong, reporting that they are selling their condos as fast as they can build them. They are also in a unique position where at an average price of $3,000 a square foot they are knocking down older condos to build new ones.
Park City is at a great advantage over these markets not only in pricing, but also the availability of many different types of properties. Because of a variety of factors, it is still a good time to buy property in Park City.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 80 - "Second Quarter Statistics" now. Or for more specific information contact us directly.
Episode #79 - Tuhaye
Date: June 30, 2007
Location: Redstone
Summary: Mark Thorne of Talisker joins us to give us a sneak peek of what is happening at Tuhaye. They have recently released new lots in the Silent Creek, Kings Light and Moon Dance neighborhoods. Silent Creek represents the most affordable lots starting at $500,000. These lots are on the golf course giving views of the 10th and 14th holes.
Kings Light is in the southern portion of Tuhaye and fronts Jordanelle and are the closest lots to Timpanogas and are known for their dramatic views. Lots range in price from $625,000 to $1,750,000 and compare extremely well to any high end property available today.
Finally Moon Dance will feature the first of the Talisker developed homes. All pricing includes the fee for the amenities of the Talisker Club membership.
Talisker has built platforms on the lots so that you can gain a better appreciation of what your view would be like from your living room when you built. Because of the unique landscape and layout of this project, it is really important to stand on the lots to gain a full appreciation.
Tuhaye is currently building 16 miles of trails and has developed the Talisker Club Park. You can now really catch the vision of what this park is all about and the tremendous architecture it features.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 79 - "Tuhaye" now. Or for more specific information contact us directly.
Episode #78 - Sky Lodge
Date: June 17, 2007
Location: Redstone
Summary: Bill Shoaf from the Sky Lodge joins us to discuss the progress on the Sky Lodge.
This fantastic project features 22 luxurious residences with all the benefits of a 5-star boutique hotel. Located on the corner of Heber Ave and Main St - the epicenter of Old Town Park City - restaurants and skiing are just minutes away. This is a one-of-a-kind project built with only the greatest of luxury and indulgence in mind.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 78 - "Sky Lodge" now. Or for more specific information contact us directly.
Episode #77 - Talisman
Date: June 9, 2007
Location: Redstone
Summary: Tim Lewis, Director of Sales and Marketing for Talisman, joins us to give an overview of this great new development.
Talisman is a major new project that is going in just south of the Jordanelle between Heber and Francis off of Hwy 32. As of today this development is 32,000 acres with views of the Jordanelle and Mount Timpanogos.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 77 - "Talisman" now. Or for more specific information contact us directly.
Episode #76 - Newpark Hotel
Date: June 2, 2007
Location: Redstone
Summary: Jim Doilney and Marc Wangsgard from Newpark join us to fill us in on all of the new developments that are happening with the Newpark Hotel.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 76 - "Newpark Hotel" now. Or for more specific information contact us directly.
Episode #75 - First Quarter Report and Second Quarter Outlook
Date: May 5, 2007
Location: Redstone
Summary: A panel of expert real estate agents join Jim Lewis to go over the 2007, 1st quarter Stats and for an outlook on the 2nd quarter.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 75 - "First Quarter Report and Second Quarter Outlook" now. Or for more specific information contact us directly.
Episode #74 - Promontory the Ranch Club
Date: April 7, 2007
Location: Redstone
Summary: Rich Sonntag joins us to bring us up to speed on Promontory the Ranch Club and all of the new and exciting things that are happening there this summer.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 74 - "Promontory the Ranch Club" now. Or for more specific information contact us directly.
Episode #73 - Talisker
Date: March 24, 2007
Location: Silver Lake
Summary: Mark Thorne, Senior VP of Talisker, joins us to go over what is new at the Talisker Club.
The new marketing campaign has helped to sell more real estate and has also peaked peoples interest in the club. The Village at Empire Pass is quickly becoming a complete community with the construction of Arrowleaf and the Talisker Clubhouse coming to an end. And prices in this area are going up, ranging about $1250 per square foot.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 73 - "Talisker" now. Or for more specific information contact us directly.
Episode #72 - Arrowleaf
Date: March 10, 2007
Location: Empire Pass
Summary: John Calhoun and Jim Hill from East West Partners join us to give an update on the Arrowleaf project at Empire Pass.
Arrowleaf is almost complete with people already living in the finished units. These units at The Village at Empire Pass have been very popular, there are only two 2 bed units in Arrowleaf B left in this project. Phase 1 consisting of 100 homes; 3 condo buildings, 12 single family homes and a group of town homes, is almost complete. I think we are all excited to see what phase 2 will bring us!
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 72 - "Arrowleaf" now. Or for more specific information contact us directly.
Episode #71 - Mid-Season Update
Date: February 24, 2007
Location: Silver Lake
Summary: We have assembled a panel of our most knowledgeable agents to go over what has happened in this past season in the real estate market.
Dennis Hanlon goes over some of the stats from The Rocky Mountain Resort Alliance with us. We also go over some of the most recent stats for the Park City area real estate market.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 71 - "Mid-Season Update" now. Or for more specific information contact us directly.
Episode #70 - Silver Strike Lodge
Date: February 10, 2007
Location: Silver Lake
Summary: Jack Koson and Matt Mullen join us from Silver Strike Lodge, the new development located at the base of the Silver Strike Express ski lift at Deer Valley mountain resort.
Silver Strike Lodge pays tribute to the rich mining history of Deer Valley and Empire Pass. There are a total of 33 residences available, offering a combination of two to four bedrooms. Each unit has exquisite interior finishes to meet the most discriminating tastes. Purchase of a Silver Strike unit comes with a Talisker Membership.
Now all of our Smart Real Estate episodes are available on ParkCityonDemand.com for your review, so no more waiting for a DVD to be delivered! Go to the Smart Real Estate tab and select the episode you would like to watch, and it will begin streaming to your computer instantly.
You can watch Episode 70 - "Silver Strike Lodge" now. Or for more specific information contact us directly.