If you're reading this, you are as curious as I am about how Vail's purchase of Park City Mountain Resort will affect sales and prices. This will be an ongoing series of graphs, but let's start with what we know from October 2014.
Rumor is that $182M is the price for world class skiing. Not 2 days after they agreed to pay a bond for a dispute between the two, PCMR has opted to sell.
Vails press release looks like this:
Vail Resorts Acquires Park City Mountain Resort in Park City, Utah
-- Acquisition settles all litigation and ensures no disruption to future resort operations
-- Park City Mountain Resort will be added to the Epic Pass for the 2014-2015 ski season
-- Company intends to connect PCMR and Canyons for the 2015-2016 ski season to create the largest single ski resort in the United States with 7,000 skiable acres, subject to regulatory approvals
BROOMFIELD, Colo., Sept. 11, 2014 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced that the Company has…
If you've missed the controversy, PCMR missed a lease renewal to Vail/Talisker for a large part of the ski terrain. The legal battle has come to a temporary end with PCMR agreeing to pay a bond.
Read more at http://fox13now.com/2014/09/09/park-city-mountain-resort-to-have-ski-season-resort-to-pay-bond/
Interesting story to this blog entry.
My son Josh is doing an interview, and they need a picture that represents what we do most of the time. Well, we talk on the phone and use computers. I'd like to think we spend our days showing property to people, but technology makes it so the savvy agent and client can narrow the search before getting in to a car.
Today, with Google Earth Pro, a client and I looked at the market for a few hours prior to getting out to see property. He could recall names and prices of properties, and get a feel for the area, without trying to get his bearings, or being concerned with traffic or turns.
An update for the Deer Valley homes in Empire Pass and Upper Deer Valley. 4 homes under contract in the upper areas of Deer Valley Real Estate.
Currently 33 homes for sale in these areas, No homes for sale in Bellemont or Belleterre! 11 homes closed in the last 12 months in Empire Pass and Upper Deer Valley. Current ongoing chatter - Jon Huntsmans home at $44,000,000.
A teaser of the type of information Rich Fine at FineProperty can provide you. Timely accurate Deer Valley and Park City Real Estate information is available to you, the potential buyer or seller of property in our small town. Contact your local Real Estate professional.
As I tweeted earlier, http://twitter.com/ParkCityRealty, Stein Eriksen Residences are coming online in 2014. The model home is already constructed and will be open for this ski season for folks to tour. The developer is astounding, the model is complete prior to being able to actually sell units. We are a bit ahead of the game.
There are condo buildings with 12 units each in them, starting at $1.9m. There are single family residences up against the ski run, starting at $5.25m. Yes, you can spend more. Homes are 3-5 bedrooms, condos start at 2 bedroom.
This is the first new construction mid mountain at www.DeerValley.com in ten years.
Heading in to winter in Park City, read more to find out what's happening locally.