Park City & Deer Valley Real Estate Auctions! Last Minute Registration!

By Steve Blankenship
Nov 27, 2015

These amazing properties will be auctioned off with NO Reserve on Saturday, December 5, 2015. This is your chance to try and get one of these luxury properties for a great deal. Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 for more information.

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Happy Thanksgiving!

By Steve Blankenship
Nov 26, 2015

Thanksgiving is not something you feel once a year... it is an attitude you carry with you all year long. The opportunity to serve clients like you gives me joy and thankfulness every day of the year. I would like to wish you a peaceful Thanksgiving holiday and the time to truly enjoy it with your friends and family.  Happy Thanksgiving!

Victory Ranch Reports Amazing Sales Year

By Steve Blankenship
Nov 04, 2015

The demand for luxury mountain living in Utah's great outdoors has never been greater. The private golf community of Victory Ranch reported approximately $62 million in sales and reservations this year so far. As a result Victory Ranch is announcing new releases of homesites and cabin collections along with new amenities.

After 61 Victory Ranch cabin homes and estate homesites have either been reserved or sold this year alone, only three Club Cabin homes remain in Phase 1.  As the Club House cabins are almost sold out, Victory Ranch is introducing the Fairway Cabin Homes. Five new homes are currently being build, and one has already gone under contract. Each property is located along the golf course next to the future The Barn clubhouse.

In addition to the cabin homes, large acreage homesites and custom homes are available as well. Homesites currently include a fully paid $50,000 Ranch membership.

For more information on Victory Ranch Real Estate and the reservation process contact KW Real Estate Broker Steve Blankenship at 435-640-6966.

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New Canyons Resort Development: Frostwood Ski & Golf Villas

By Steve Blankenship
Oct 29, 2015

The Canyons real estate village is only about 25 percent built out so far. Real estate in the area has become a hot item especially since the opening of the golf course and the announcement of the Vail and Canyons merger. After seeing quite a bit of construction in the area this summer we are happy to announce another new development: Frostwood - Golf & Ski Villas. The Frostwood Ski & Golf Villas are going to be located adjacent to the Waldorf Astoria.  The 25 new townhomes will feature three and four bedroom floor plans with two-car garages. Two finish packages are available. Only three of nine units in phase 1 are still available. These units are on downhill lots and start at $975,000.

Other new construction developments include: Fairway Springs Ski & Golf Villas, Juniper Landing and The Residences at Blackstone. Canyons Residences, three-single family homes adjacent to the Frostwood Gondola, are currently waiting for a building permit. In addition to that, Vintage on the Strand will possibly start construction on a second phase of luxury ski-in ski-out townhomes next year.

Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 for more information on the reservation process of a residence at Frostwood Golf & Ski Villas or other properties in the Park City & Canyons Real Estate area.

Park's Edge About to Release new Phase!

By Steve Blankenship
Oct 27, 2015

Park's Edge has been a very popular new development for the past few years. Located just a few minutes east of the Park City city limits Park's Edge features affordable, energy-efficient townhomes in a convenient location and for a great price. The new phase includes 17 three-bedroom townhomes with two-car garages.  Four different floor plans are available. Prices of available units start at $377,900.

Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 for more information on how to secure a unit before they sell out. They are not yet listed on the MLS as of 10/27/15, however, reservations are being taken. Call today for a showing.

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Deer Vista - Phase 2 just released!

By Steve Blankenship
Oct 09, 2015

Deer Vista is a new gated community north of Jordanelle Reservoir. After releasing its first phase just earlier this year we have already seen four lots close and three lots recently go under contract. With the release of Phase II earlier this week ten lots are now available for sale.

Homesites are ranging from approximately 0.97 to 2.35 acres. Prices are starting at $350,000 which is a great price for a private community lot in the greater Park City area.

Contact Real Estate Broker Steve Blankenship for more information on Deer Vista and schedule a preview of all lots for sale. 

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Residences at Blackstone - ONLY 13 Residences remaining!

By Steve Blankenship
Oct 08, 2015

The construction of Phase I and II at the Residences at Blackstone is nearing completion on time for the 2015/2016 ski season. The Residences at Blackstone are located in the Canyons Village in walking distance to the cabriolet lift and the 13th fairway of the new Canyons golf course.

Inquire about the remaining townhomes and possible incentives today. Call Steve at 435-640-6966.

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Absolute Auction - 132 White Pine Canyon Rd.

By Steve Blankenship
Aug 19, 2015

This is your chance to own one of the most beautiful properties in Park City, Utah. Located on 21.7 acres this unique ski-in ski-out residence at The Colony at White Pine Canyon has never been on the market before. It was built in 2007 and features over 16,000 square feet of luxurious living space with six en-suite bedrooms, 10 total baths, an entire master suite wing, a chefs kitchen, 13 massive stone fireplaces throughout the house, a wine cellar, music room, library/office, a theater room that seats 14, a ski prep room and an amazing outdoor space with ponds and waterfalls. Two ski runs pass directly by the house and the home is accessible for skiers of any level. In fact Park City Resort grooms trails all the way to the back patio.  This home is located at the very top of the Colony at White Pine Canyon and the mega merger of Park City and Canyons Resort is putting it right in the heart of the new super resort.

Current List Price: $19,950,000      Property could sell before auction if reasonable offer is presented.

Contact Canyons Real Estate Specialist Steve Blankenship at 435-640-6966 for more information and a showing of this property.

 Colony at White Pine Canyon

Promontory To Raise Social Membership Fee!

By Steve Blankenship
Aug 17, 2015

Starting September 1, 2015 the price for a Promontory social membership will go up from $50,000 to $75,000. "Each person who acquires a Social Membership will be entitled to use all of the tennis, swimming, fitness, and trail riding facilities of the Club (excluding the private Equestrian Center facilities). Social Members are also entitled to use the social facilities in the Ranch Clubhouse and the Shed Clubhouse. Social Members are welcome in the Club’s Alpine Lodge at Upper Deer Valley, however, Full Members may be allowed priority use of lockers in that facility." Golf privileges are not included in a Social Membership. Equestrian and Full Memberships are available as well. Pricing for those will stay the same.

With well over 110 real estate transactions to date for 2015, Promontory is by far the hottest private golf community in the greater Park City area. Many of the lots will soon be unattainable at their current prices ranging from only $99,000 to $1.4 million. Homes are priced from $999,000 up to $25 million.

To secure a membership at current pricing you need to have a home under contract by August 31, 2015. Search Promontory real estate and contact Real Estate Specialist Steve Blankenship at 435-640-6966 for more information.

Park City Real Estate - Market Statistics - 2nd Quarter 2015

By Steve Blankenship
Aug 11, 2015

Summer is in full swing. We are enjoying the wonderful weather hiking, biking, boating or one of the many outdoor concerts and events. Vail is installing new lifts and building new lodges as part of their one year, $50 million investment combining Park City and Canyons Resort into the largest ski resort in the US. Furthermore, Deer Valley has closed on their purchase of Solitude, and ONE Wasatch effort to unite all six resorts continues to move forward. All in all, its a very exciting time.

Along with that we are happy to announce that the number of closed sales and total dollar volume for this first half of 2015 are the highest since 2007. While prices are certainly not back to the market highs of 2007 our market is steady. The total number of closed sales, year-to-date, for the entire market area was nine percent higher than the first two quarters of 2014 and was the highest first half of any year since 2007. Along with that, the total dollar volume was up 11 percent and the median sales price continued to trend upward on a gentle curve in most areas. In fact today's median sales price is the same as June 2006 and July 2010.

INVENTORY: Following the national trend, inventory levels throughout Park City are still very low, with only 1,170 total listings available as of June 30, down 8.5 percent from 1,270 in 2014. At this current absorption rate we have a 6.6 month supply.

PENDED SALES: For the first 6 months of the year, pended sales reached their highest level since 2006 with just over 900 contracts written.

SINGLE FAMILY HOME SALES: The median sales price for a single family home within the city limits has remained close to $1.34 million over the past twelve months, while the average price has actually come down 11 percent. Overall sales in the Prospector neighborhood increased significantly with an increase of 89 percent in transactions, almost double the number of sales compared to the previous four quarters. Sales price climbed eight percent, reaching $700,000.

CONDOMINIUM TRENDSCondominium sales are up nine percent over the previous 12 months and we have seen a 14 percent overall increase in median sales price in the entire market area. Again, sales in Prospector had the highest jump in number of sales, also with a median sales price increase reaching $132,000. Lower Deer Valley is showing signs of recovery with more than double the number of sales along with a 15 percent median sales price increase to $735,000. The Canyons area, with its wide-ranging property types, was up 41 percent in the number of sales over the previous four quarters with a median sales price of $389,000. Jeremy Ranch showed an increase of activity with 58 percent more sales than the previous four quarters and a price increase to $535,000.

VACANT LAND SALES:  The number of Vacant Land sales for the entire market area was slightly higher than the previous four quarters and lot prices increased 10 percent in median sales price. The Jordanelle area continued to grow with lot sales up 21 percent.

GOLF COMMUNITIES: With 75 closed transactions since January, Promontory had the highest number of sales with a median sales price of about $1.56 million. Red Ledges is also going strong with 43 closed sales.

If you own property, this might be a very good time to get a market analysis to consider your options. Our market is showing a good solid, steady growth. Inventory remains very tight. For those looking to buy, multiple offers are still quite common in high demand neighborhoods so it is important to be well qualified and responsive.

New Park City & Canyons Resort Branding!

By Steve Blankenship
Jul 29, 2015

Today Vail Resorts revealed its new branding, logo and trail map. The soon to be nations largest ski resort will market the combined Park City Mountain Resort and Canyons as “Park City". They also unveiled the new trail map spanning 6.5 miles from one end to the other.

Vail Resorts is putting $50 million of improvements into the mountain–from lifts and trails to lodges and restaurants.

A new gondola, called “Quicksilver,” will connect the base of the existing Silverlode Lift at Park City to the Flat Iron Lift at Canyons. Quicksilver will be a high-speed, two-way gondola system capable of carrying eight people in each gondola.

A new restaurant called “Miners Camp” will open at the base of the Silverlode Lift and will accommodate 500 diners.

The Canyons Resort area will be called: Park City - Canyons Village.

Fun Facts: 38 lifts with 3,500+ chairs; 22.39 miles of lifts; 35 minutes from the airport; 17 peaks; 300+ trails; over 7,300 acres of terrain which is equivalent to 5,530 football fields; 480 snowmaking guns; 16 on-mountain dining locations; a 22' half pipe and over 150 park features.

Search for: Park City Real Estate, Canyons Village Real Estate & Deer Valley Real Estate.

Red Ledges Real Estate Update

By Steve Blankenship
Jul 23, 2015

Red Ledges is a 2,000 acre, four-season community only about 20 minutes from downtown Park City, Utah. Red Ledges real estate offers convenience, privacy, luxury and lifestyle. To-date we have seen over 400 lots sell and 60 homes built. Currently 30 homes are under construction and 30 more home plans are under review to be built.

Red Ledges offers an 18-hole Jack Nicklaus signature golf course and a 9-hole short course that is currently under construction. Red Ledges is also home to the Jim McLean golf school which is rated among the finest in the nation. Approximately 220 golf memberships have been sold. A cap has been set to 480 golf members.

Other amenities include a golf club center with a fine dining restaurant, sport shop and spectacular views. You can also find an equestrian center with great boarder facilities, wagon and sleigh adventures, lessons etc..; a Cliff Drysdale tennis school as well as a clubhouse which features a swim and fitness club with heated pool, spa, treatment and locker rooms. Owners at Red Ledges also have access to two private clubs/ski lounges in Deer Valley.

Next summer Red Ledges will break ground on the Village Center with year-round heated pools, indoor tennis courts, a fitness center, spa, bistro and trading post.

Contact KW Real Estate Broker Steve Blankenship for the best representation when buying and/or selling Red Ledges Real Estate. Call 435-640-6966 or email for more information.

Canyons Resort Real Estate Development

By Steve Blankenship
Jul 17, 2015

Replay Resorts has been selected to act as the master developer for substantial land holdings in the Canyons Resort area. Replay intends to work collaboratively with Vail, and local stakeholders to ensure the real estate vision and master plan is cohesive with Vail's operating plans for Canyons and enhances the overall guest experience at the resort. The area surrounding the Canyons ski resort is only 25% built out and we will see much growth there in the future.

It is a good time to invest into real estate at the Canyons. The area started gaining a lot of value and will continue to do so in the coming years. The golf course just opened this spring and with Vail connecting Canyons Resort with Park City it will become the largest ski resort in North America. We are excited to see what other changes Vail will bring to town. >> Canyons Real Estate

Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 today.

Deer Crest: No Reserve Auction - July 11, 2015

By Steve Blankenship
Jun 29, 2015

Another auction coming up in Deer Crest Estates. This 5,509 square foot ski-in ski-out Deer Valley residence is situated on approximately 1 acre of land and features five bedrooms, five baths, numerous fireplaces, a ski prep room, wine cellar, steam room/shower, a three-car heated garage and outdoor hot tub.

Contact Real Estate Broker Steve Blankenship at 435-640-6966 for more information on this NO-RESERVE auction.

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Victory Ranch - Top10 Spots to own a Summer Home

By Steve Blankenship
Jun 26, 2015

Robb Report named Victory Ranch one of the Top 10 spots to own a summer home. Victory Ranch is a private golf and fly-fishing community in the Woodland Valley - just a few minutes outside Kamas. Situated on 6,700 acres of land along a four-mile stretch of the Provo River, Victory Ranch offers 350 scenic homesites ranging from approximately 1.5 acres to 160 acres. Custom mountain homes are priced from $1.3 million, and lots start at $400,000. Amenities at Victory Ranch include fly-fishing, a ski-in/ski-out lodge in Park City, a club facility with a fitness center, pool, hot tubs, and fire pit, an activity center with a spa facility, and an 18-hole golf course designed by Rees Jones.

Contact KW Real Estate Broker Steve Blankenship at 435-640-6966 to receive more information about Victory Ranch.
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