Blog

2018 Annual Market Report

By Ramon Gomez, Jr.
Jan 16, 2019

This week we wanted to share the 2018 Annual Market Report. You can read about this report below as well as clicking to the entire report on our Facebook page.

This comprehensive year end report provides an overview of the Summit and Wasatch County real estate markets. We believe it’s important that our clients have access to information that facilitates thoughtful real estate decisions. These markets remain highly segmented. Our town, its neighborhoods and outlying areas differ significantly in terms of price, home type, home condition, features, and amenities. For example, while Park Meadows and Upper Deer Valley share the same zip code, average and median home prices in these two neighborhoods vary significantly. This winter Alterra announced enhancements throughout Deer Valley® Resort (including the new Ikon Pass) and Vail Resorts® continues their commitment to Park City Mountain, focusing on upgrades throughout Canyons Village. We believe these factors will continue to drive our markets in a positive direction. In the meantime, as the market begins to stabilize, we see increased buying opportunities in Summit and Wasatch counties especially in Heber Valley, Jordanelle, and East Summit County neighborhoods.
The 2018 Annual Market Report

Looking to plan a vacation in February. Chron.com has listed out The 13 best places to visit if you're planning a trip in February and Park City makes the list. There is a reason the United States Ski Team calls Park City, Utah home. Simply put, Park City is a winter sports lover's paradise. The town offers more than 400 downhill trails for skiing and snowboarding covering 3,300 acres. It also hosted events in bobsledding, skeleton, and luge during the 2002 Winter Olympics. After you hit the slopes, you can take a stroll through the quaint, Old West-style Main Street or catch a show at the famous Egyptian Theater, the site of the Sundance Film Festival in January. Conveniently, a town lift can transport you directly from the mountains to the center of town.

Already in town or live in Park City - well the Midway Ice Castles are open for the season. Since 2011, Utahns have visited a winter wonderland in Midway. Icy fortresses, slippery slides and frozen waterfalls decorate an acre of land at Ice Castles at the Homestead Resort in Midway.

Visitors are drawn in by interactive light and music displays. The design of the castles changes year to year, with 20 to 40 ice artisans tasked with creating structures formed from thousands of icicles. Construction on the castles began in November, and Ice Castles typically opens between Christmas and early January, depending on how many warm days there are during the building process.

With six locations—five throughout the U.S. and one in Canada—Ice Castles CEO Ryan Davis explains how the structures, comprised of more than 20 million pounds of ice, come to life each year.

Next week we will get you ready for Sundance and share some of the great things happening during the Film Festival.

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