Heber Valley Real Estate

By Steve Blankenship
Apr 27, 2016

Heber Valley is attractive for many families who are looking to get more home for their money or those who are still looking for large acreage properties. Heber City is centrally located between Park City and Utah County which is home to a lot of large businesses such as Adobe, NuSkin and Novell. The Heber Valley offers real estate options for everyone - from farm land and ranch property to new construction single family homes, small cottages and luxury custom golf villas.

In the past six months 128 homes have sold in Heber ranging from approximately $130,000 to $4,100,000. This is a remarkable number and 71 homes are currently still under contract and in the process of being sold. There are many new real estate developments in Heber City and Midway offering you the chance for a semi-custom home. Most of the properties that have sold in the past six months were within the communities of Broadhead Estates, Cobblestone, Fox Pointe, Interlaken, Red Ledges, Timberlakes and the Links at Homestead.

Even in the winter months we have seen steady sales of Heber Valley land. 62 lots have sold in the past 6 months and 29 land listings are currently pending.

For more information about buying and/or selling real estate in Heber or Midway contact Real Estate Agent Steve Blankenship t 435-640-6966.

Wolf Creek Ranch Real Estate - 160 acre lots for Sale

By Steve Blankenship
Apr 08, 2016

Looking for a large acreage property and privacy? Wolf Creek Ranch real estate might be just right for you. This extraordinary mountain paradise offers over 14,000 acres of pristine land and wildlife while backing up to the Uinta National Forest. The gated community is located approximately 20 miles from Park City and 6 miles from Heber City. The ranch consists of 80 parcels of approximately 160 acres in size allowing you to build up to three structures such as a main house, a guest house and a barn. Wolf Creek Ranch offers over 75 acres of common area featuring a Ranch Center with a riding arena and barn, an owners lounge and full-time concierge. A luxury three-bedroom guest cottage as well as three yurts are also available for owners and their invited guests.

The terrain features massive aspen forests, ponds and high mountain meadows; 60 miles of private trails as well as one mile of private Provo River fishing access.

Lots are ranging from $550,000 to $1,550,000 and homes are currently starting at $7.75 million.

Contact Real Estate Specialist Steve Blankenship at 435-640-6966 for more information on properties at Wolf Creek Ranch.

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Absolute Auctions in Deer Valley & The Colony

By Steve Blankenship
Mar 18, 2016

These two amazing ski-in ski-out homes are going up for no-reserve auction on April 2.

Contact Park City Real Estate Broker Steve Blankenship for more information about how to participate and/or to preview the residences.

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Featured Property: 2373 Harmony Drive, Deer Crest

By Steve Blankenship
Mar 08, 2016

This amazing property is located in the Deer Valley real estate area of Deer Crest. The exclusive gated community of Deer Crest offers some of the most luxurious single family homes and condominiums in the world. This turnkey townhome at Deer Pointe features four bedrooms and seven baths, a tiered theater room, wine cellar, top of the line appliances, hot tub, beautiful hardwood floors as well as a lower level bar and pool table. Deer Pointe is located just minutes from Jordanelle Reservoir and St. Regis Deer Valley. A Deer Crest Club membership can be purchased to enjoy shuttle service and amenities at St. Regis. Deer Pointe has its own private hill track elevator ski lift for easy access to the Deer Valley ski runs. Listed at $4.1 million.

Contact KW Real Estate Broker Steve Blankenship for more information at 435-640-6966.

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Reservations coming in fast at One Empire Pass

By Steve Blankenship
Feb 23, 2016

Update One Empire Pass: Over the past few weeks the new ski-in ski-out development on Empire Pass in Deer Valley has already received reservations on 10 of the 27 luxury residences with only one penthouse remaining. Pre-construction pricing is still offered. Two-bedroom residences start at $1,595 million, three-bedroom condos start at $2,595 million and four-bedrooms are priced at $3,495. Four-bedroom penthouse residences are starting at $5,395 million.  (pricing is subject to change).

Call Steve today at 435-640-6966 to receive more information about the development and how to secure one of the spectacular ski residences for yourself.

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Great incentives for remaining Blackstone Residences

By Steve Blankenship
Feb 16, 2016

Construction is almost complete at Blackstone Residences and great incentives are offered for every buyer who closes on one of the 13 remaining residences before the end of the ski season.

Call Steve Blankenship at 435-640-6966 today to learn more about about special pricing and to receive more information on other incentives.

Park City real estate - Market Report 2015

By Steve Blankenship
Feb 10, 2016

We are happy to announce that Park City real estate had another year of solid growth in 2015. Our market has now been steadily trending upwards for the past five to six years. We are not yet back to the dollar value, median sales price and unit sales that we had seen in 2007 which shows that our market is growing healthy. Our inventory levels are still low but we have seen a ten percent increase in total dollar volume to $1.85 billion. See below how real estate did in your area.

Park City City Limits

Single Family Home sales within the Park City city limits were down 12 percent while the median sales price was up 17 percent from 2014. This is not a sign of a weakening market but a reflection of low inventory and higher median prices. By neighborhood, Old Town had the highest number of closed sales with 52 home sales with an average sales price of $1.31 million and Park Meadows' median sales price went up to $1.44 million. Thaynes Canyon had the highest jump in median sales price – up 46 percent from 2014 to $1.82 million with a total of 11 closed sales for the year.

Condominium sales within the city limits were down 13 percent from 2014 but the median sales price went up to $605,000. Neighborhoods with increased closed sales include Lower Deer Valley Resort (up 25%), Upper Deer Valley Resort (up 23%), and Prospector (up 38%). The median sales price for a condo was up nine percent in Lower Deer Valley to $780,000, down 35% in Upper Deer Valley to $995,000, down 24% in Park Meadows to $585,000, up 15% in Old Town to $450,000, and up 27% in Prospector to $155,000.

Synderville Basin (Canyons area/Kimball Junction)

Due to a lot of new construction and lower priced inventory as well as big improvements at the Canyons Village real estate area the median sales price for single family homes in Synderville Basin increased 18 percent to $912,500. Jeremy Ranch saw a 23 percent increase to $874,000 and Silver Springs a 25 percent increase to $960,000.

In 2015 an incredible total of 361 condos sold in the area (up 35%) and the median price rose to $400,000. The strongest condo market was at Kimball Junction and Jordanelle which each averaged a sale every two and a half days with 135 units sold at the median sales price of $375,000. The quantity of units sold in the Sun Peak/ Bear Hollow neighborhood was 71% higher in 2015 than 2014 with a median sales price of $394,000. Jeremy Ranch was up 36% in the number of sales and 15% in median price to $574,000. At the Canyons, the median sales price of $401,000 and 84 closed sales were both flat compared to last year’s number.

Jordanelle

The Jordanelle area also saw a strong year, with 37 home sales (up 85% ) and 135 condo sales. The two neighborhoods with the highest number of vacant land sales were Promontory up 31% to last year with a total of 72 units sold and a median sales price of $305,000, and Jordanelle up 92% with a total of 69 lots sales and a median price of $250,000.

Contact Real Estate Broker Steve Blankenship at 435-640-6966 for more information on buying or selling Park City real estate. Get a free comparable market analysis.

Park East - Residential/Commercial Properties for Sale

By Steve Blankenship
Feb 06, 2016

Park East is located off highway 248 just minutes from downtown Park City. The new real estate development offers a rare mixed-use real estate platform for those looking for live/work space, recreational storage, a personalized getaway, a collector’s paradise, or just space to operate your business. Perfectly suitable for office space, showrooms, storage, fitness/health, and production. Reasonably priced and incredibly convenient, Park East might be the perfect resolution to your own unique real estate needs. only minutes from Park City. Park East consists of 19 individual units that are approximately 2800 – 3500 square feet. The main floor offers 2,100 square feet with a retail front, 20 foot ceilings, and a 14 foot overhead door. The loft offers approximately 700 square feet. The units are also engineered for a three level option. Completion set for summer/fall of 2016. Pricing starts at $572k.

Contact Steve Blankenship at 435-640-6966 for more information on Park East.

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Hyatt Escala Lodge now Hyatt Centric Park City

By Steve Blankenship
Feb 03, 2016

Hyatt Escala is being re-branded to Hyatt Centric. Hyatt Centric is Hyatt's premium brand - a new, full service lifestyle brand representing a cosmopolitan vibe in the center of the action. Approximately $6 million are being spend towards re-branding the Park City location. Worldwide only 15 hotels are being converted to the "Centric" brand.

Apex Residences - Price Increase February 6th

By Steve Blankenship
Feb 02, 2016

Apex Residences is a new development coming to Canyons Village. Phase 1 was released a few weeks ago and 19 units have already received reservations since. 15 residences are still available in Phase 1, however, Phase 2 pricing is set to start February 6th. Call today for more information on this brand new development.

Update 4/7/2016: 24 of the 63 residences have received reservations.

Another new development at Canyons Village: The Lift

By Steve Blankenship
Jan 13, 2016

While the Canyons Village is currently only 25 percent built out many new developments are being announced and are going to reshape the Canyons Village in the next few years. Real estate in the area has picked up great value since the Canyons and Park City merger was announced and the Canyons golf course opened this past year.

Brought to you by Replay Resorts who developed world-class resorts such as Whistler Blackcomb, Squaw Valley and Mammoth Mountain, The Lift resort hotel will be located below the Vintage of the Strand and in the heart of the newly planned vibrant village core with restaurants, shops and cafes. A new four or six pack lift is supposed to be build adjacent to the luxury residences. The 61 modern mountain condominium residences offer are going to offer one, two, three and four bedroom models ranging from approximately 800 to 2,900 square feet in size and will feature floor to ceiling glass windows, spacious decks, a contemporary mountain fireplace and a chef's kitchen with custom cabinetry, quartz countertops and Miele appliances.

Amenities are going to include a pool with private ski cabanas and sun loungers, hot tubs, fire pits, fitness center, ski lockers and much more.

Prices are going to range between $500,000 to $3 million. Reservations will be taken starting in February. Construction is set to start in spring.

Contact Park City Real Estate Specialist Steve Blankenship at 435-640-6966 for more information about how to reserve one of these spectacular ski residences at the Lift.

Other new real estate developments at Canyons Village include Apex Residences, Blackstone Residences, Canyon Residences, Fairway Springs, Frostwood Golf & Ski Villas, Juniper Landing, Vintage on the Strand (Phase 2) and Lift - a new modern mountain lodge above Hyatt Escala.

The Residences at 205 Main Street

By Steve Blankenship
Jan 04, 2016

The Residences at 205 Main is the newest condominium project being added to Park City's historic Old Town real estate area. Located on upper Main Street in between the popular Grappa restaurant and the remodeled Imperial Hotel, 205 Main will feature six luxurious condominium residences. Each residence will range from approximately 2,715 t0 3,298 square feet in size and will feature three bedrooms and four baths; private entry and elevator access; custom cabinetry, countertops, flooring and lighting throughout as well as hot tubs and most importantly a private parking garage.

These upscale and contemporary residences will go fast starting at $2.9 million.

Contact Steve at 435-640-6966 for more information on how to reserve one of these spectacular condominiums for sale.

Other new construction condominium projects in Old Town include: Sky Silver, Sky Strada, 820 Park Avenue, Parkite, The Roundabout

Apex Residences - New Ski-In Ski-Out Development coming to Canyons Village

By Steve Blankenship
Dec 23, 2015

Apex Residences at Park City is soon going to be the highest elevation ski development at Park City Resorts' Canyons Village. Apex is brought to you by the same architect who designed Stein Eriksen Residences in Upper Deer Valley. The 63 modern mountain-living townhomes and "stacked" condominium residences will be located just above Vintage on the Strand and offer three, four and five bedroom models ranging from approximately 2,000 to 3,800 square feet in size.

Amenities at Apex Residences will include concierge style living, a private Apex Shuttle, a 5,800 square foot clubhouse with fitness center, club room, adjoining bar area, fire pit, splash pad, heated outdoor pool & hot tubs, game room as well as a spa treatment room.

Pricing for these amazing Park City ski properties for sale will range from $1,400,000 to $3,200,000.

Update 2/1/2016: Following the recent release 19 residences already have received reservations. The project is not going to be listed on the MLS until March/April.  A price increase is planned for February 6th.

Inquire today! Call KW Broker Steve Blankenship at 435-640-6966 to receive more information.

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Other new real estate developments at Canyons Village include Blackstone Residences, Canyon Residences, Fairway Springs, Frostwood Golf & Ski Villas, Juniper Landing, Vintage on the Strand (Phase 2) and Lift - a new modern mountain lodge above Hyatt Escala.

New Development on Empire Pass: One Empire Pass

By Steve Blankenship
Dec 19, 2015

One Empire Pass is going to be the first lodge built on Empire Pass in over seven years. The intimate ski-in/ski-out resort hotel will comprise of 27 private condominium residences featuring two, three and four bedroom models ranging in size from approximately 1,850 to 3,200 square feet. All residences will span the entire width of the building and each unit will have direct elevator access, eliminating central hallways. Enjoy modern mountain living overlooking the Daly Chutes and Lady Morgan Bowl as well as the Old Town valley.

One Empire Pass is brought to you by East West Partners - the resort development and management experts who developed Beaver Creek, Arrowleaf, Larkspur, Paintbrush and Shooting Star to just name a few. East West Partners teamed up with IBI Group, a globally experienced architectural firm as well as celebrated "IT" designer Barclay Butera.

Excavation has just begun and the estimated completion date is set for Thanksgiving 2017. Unit reservations will begin soon.

Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 for more information on this amazing new project and the process of reserving a residence at One Empire Pass.

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New Quicksilver Gondola opens!

By Steve Blankenship
Dec 18, 2015

This week the new Quicksilver Gondola opened at Park City Mountain Resort. The new eight-passenger gondola connects Park City Mountain and former Canyons Resort. Park City Mountain Resort is the largest ski resort in North America.

Contact Keller Williams Real Estate Broker Steve Blankenship for the real estate investment options along Park City Mountain Resort.  

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