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!

Commercial Lots for Sale!

By Steve Blankenship
Jun 04, 2015

Looking to build an industrial warehouse in a great location? A few lots are still available for sale in the business park along highway 40, just a few minutes east of Park City. Each lot has maximum density allowing more build-able area. Utilities are plugged in to each lot and all environmental studies have been done.

Asking price: $600,000 per acre

More Commercial Real Estate Options.

Contact Steve Blankenship at 435-640-6966 if you would like to receive more information.

Thank you for your support!

By Steve Blankenship
Mar 16, 2015

Keller Williams Park City Real Estate Agent Broker Steve Blankenship I want to take a moment to thank all my past, current and future clients for allowing me to work with you. For it is YOU that allows me to be in business, doing what I love, helping you and others with your Park City & Deer Valley real estate needs. Thank you so much for an amazing year, and your continued loyalty and support.

Whether you listed with me, allowed me to be your buyers representative, referred me to a friend or just needed a lease-to-purchase-option, your confidence was the best reward possible.

THANK YOU!

Happy Thanksgiving!

By Steve Blankenship
Nov 27, 2014

It is time again to celebrate all that we have to be grateful for, and the perfect time of year to show our sincere THANKS for your business.

May Your Thanksgiving and all the days ahead be filled with Happiness, Peace and Prosperity!

Happy New Year!

By Steve Blankenship
Dec 31, 2013

I hope everyone enjoyed the holidays and the New Year finds you and your family well. I still want to take a moment to thank all my past, current and future clients for allowing me to work with you. For it is YOU that allows me to be in business, doing what I love, helping you and others with your Park City & Deer Valley real estate needs. Thank you so much for an amazing year, and your continued loyalty and support.

Whether you listed with me, allowed me to be your buyers representative, referred me to a friend or just needed a lease-to-purchase-option, your confidence was the best reward possible.

Happy New Year! I am wishing you all the best and may 2014 be full of exciting opportunities!!!!

Steve

Park City Real Estate - Market Update – August 2013

By Steve Blankenship
Aug 27, 2013

The second quarter of 2013 was the largest and strongest quarter of Park City Real Estate sales in more than 5 years. With both the number of sales and the median sales price up from last year we are very optimistic and excited for buyers to find great opportunities, and prices have come back to allow new sellers the opportunity to sell again.

We have seen a total of 991 sales this first half of 2013 which shows a 19% increase over the same time period in 2012. Total sales dollar volume is also up 19% over last year, reaching over $698 million to date. In fact, this first half of 2013 had the highest numbers of sales AND the highest total dollar volume since 2007.

Inventory

Inventory is still about 9% less than what we have seen in previous years but it is slowly increasing. We currently see an absorption rate (the average time a listing remains on the market) for single family homes, condominiums, and vacant land of 5.7 months. That is a drastic reduction from the high point of just under 50 months set in April of 2009.

Distressed Sales

The number on foreclosures and short sales continue to decline and only make up about 5% of all sold properties in the second quarter of 2013, compared to 17% of all sales in 2012 and about 33% in 2011.

Single Family Homes

Good News! The median sales price in the Greater Park City real estate market is up 10% from last year. Within the Park City limits the median home price is up 12% to about $1,245,000. We also experienced a 16% increase in the number of sales within the Park City limits. Of course, these values vary slightly from neighborhood to neighborhood. For example, while sales are up in Silver Springs, sales are down on Old Ranch Road. On the other hand, median sales price in Silver Springs only increased by 6% while it increased by 62% in Old Ranch Road.

Condominiums

The Greater Park City condo market is up 12% in terms of sales and 6% in regards to sales price. The median sales price of condominiums in the Park City Limits, for the second quarter, is down slightly to $572,000 compared to $605,000 in 2012. Again, this varies from neighborhood to neighborhood. Sales are up 52% in the Jordanelle area and 47% in Old Town while sales are down 10% in Lower Deer Valley. Median sales price in the Jordanelle area is up 8% and 34% in Old Town.

Vacant Land

In the Greater Park City real estate area, the median sales price for land is down 20%. Some areas like Synderville or Jordanelle are up in sales but only due to a decrease in median sales price. However, vacant land sales climbed 39% in the Snyderville Basin and spiked upward 138% in the Jordanelle Area compared to 2012! In the Park City Limits, vacant land sales followed the same trend as single family homes with an increase in the number of sales of 26% compared to the same time period last year and a moderate increase in median price of 12%, reaching $525,000.

Contact Steve Blankenship for a FREE! Market Analysis of your property.

Rockport Estate & Promontory Fire

By Steve Blankenship
Aug 13, 2013

Our prayers go out to everyone in the Rockport & Promontory area. This is a terrible thing to happen. We are sorry for your loss but we hope you are safe!

Rockport Utah-size Park City Utah-size Park City Real Estate -size

 

Vail takes over Lease at Canyons Resort!

By Steve Blankenship
Jun 01, 2013

This could be a great benefit for Park City Real Estate and everyone who loves to ski here! Vail Resorts has reached an agreement with Talisker to lease Canyons Resort in Park City, Utah and assumed all resort operations while Talisker will retain the development rights of the resort. Vail was given a lease term of 50 years with an option of six 50-year renewals. It may also have the possibility to lease Park City Mountain Resort in case the litigation between PCMR and Talisker is decided in Taliskers favor.

Although Talisker has made $75 million in mountainside improvements since it acquired the Canyons in 2007, more could be on the way. But Vail is in the early stages of evaluating and crafting a plan for the resort, and many things are yet to be determined. Overall, this is a great opportunity for the Canyons. Vail is a leader in the mountain resort industry and will hopefully replicate its success here in Park City.

This next season Canyons will offer the Epic Pass which is a multi-resort pass sold by Vail Resorts. This season pass allows people to ski/ride Canyons on an unlimited and unrestricted basis as well as other resorts such as Vail, Beaver Creek, Breckenridge, Keystone in Colorado and the Lake Tahoe-region resorts of Northstar, Heavenly and Kirkwood. Current price for a season pass is $689.

The Ski Link gondola to connect Solitude and Canyons still needs to be researched and discussed by Vail.

For more information on Canyons Real Estate contact Resort Specialist Steve Blankenship at 435-640-6966.

House Hunters interested in Park City Real Estate Buyers!

By Steve Blankenship
Feb 28, 2013

HGTV House Hunters UtahThe producers of HGTV's House Hunters want to do a show in Park City, Utah. As a Park City Real Estate expert they have approached me to find a client who is purchasing a home or condo in the Park City area and who is interested to be on the show.

If you want to be on the show the House Hunters crew will film you, the buyer, in your current home and ask you what you’re looking for, why you want to move, etc.  After that, they’ll film us looking at a total of three different homes and then the episode ends with you moving into your new home.  It takes a few days of filming, but you get to be on national TV and have some fun (and you get paid!).

The show is looking for a couple (family, newly weds, etc), so if you’re looking to purchase a home or condo and want to be on the show, give me a call.  Click here to watch an episode of House Hunters.  And if you’re looking to buy a house and don’t want to be on TV, I can still help you.

Check out Park City Homes & Condos – See what is available in your price range!

Steve Blankenship 435–640–6966

 

Featured Property: Ironwood Deer Valley

By Steve Blankenship
Feb 08, 2013

Thinking about investing in Park City Real Estate? Ironwood is a luxury community located on Empire Pass in Deer Valley right next to Northside lift. The 23 townhomes offer ski-in ski-out access with either 4 or 5 bedroom floor plans. All units range between 2,500 and 4,000 square feet featuring granite counter top kitchens with alder cabinets, a spa like master bathroom, private hot tubs and garage. Some models also include theatre rooms.

Amenities at Ironwood include a fitness facility and owners are able to use all Talisker Club summer and winter amenities.

View all Condos for sale at Ironwood Deer Valley and call Steve for more information or a showing at 435-640-6966.

 

Deer Valley Plans Gondola to Main Street!

By Steve Blankenship
Oct 01, 2012

Deer Valley is in the talks of adding a new lift to connect the resort with Main Street. The City and Deer Valley are currently working on possible locations for the terminals. The City is considering the paid parking lot next to the Wasatch Brew Pub, at the top of Main Street as a close contender. Deer Valley is considering Silver Lake as a possible terminal to connect to Main Street.

Formal decisions have not been made and terminals are not yet finalized. Adding another lift to Main Street would make Park City the only Ski town in North America with downtown links to two mountain resorts. Deer Valley has said the earliest a gondola could open, if one is pursued, is the 2014-2015 ski season.

The Benefits of being a Talisker Member!

By Steve Blankenship
Sep 25, 2012

Talisker has developed three of Park City’s preeminent residential communities – Tuhaye, Empire Pass and Red Cloud - and acquired The Canyons Resort in 2008. Talisker Club is Park City's most exclusive private club offering a wide variety of amenities and recreational activities including seven private clubhouses and on mountain facilities, world-class skiing, award-winning cuisine, championship golf designed by Mark O’Meara, state-of-the art spa and fitness centers, fly fishing, water sports, family-oriented programming and Wildstar Rangers kids program.

Through ownership and membership, Talisker Club enables its residents to enjoy the finest Park City has to offer. A membership can be acquired with a home, condominium or lot purchase. Check out your options today: Tuhaye I Empire Pass Homes I Empire Pass Condos I Empire Pass Lots I Waldorf Astoria.

Call Steve for more information: 435-640-6966!

Keller Williams Realty ranked #1 in Customer Satisfaction!

By Steve Blankenship
Sep 04, 2012

Park City Real Estate Agent

 

 

 

 

 

 

 

 

 

 

Search Park City Homes, Ski Condos or Land For sale.

For Park City Real Estate information please contact Steve Blankenship at 435-640-6966.

Kimball Junction Changes!

By Steve Blankenship
Aug 26, 2012

Here is a map of the upcoming changes to the commercial area at Kimball Junction.

Park City Real Estate Market On The Road to Recovery!

By Steve Blankenship
Jul 23, 2012

According to the Park City Board of Realtors, the 2nd quarter of 2012 is showing signs of market stabilization. Real Estate in the Park City area just experienced its highest number of sales and sales pending of any first half of the year since 2007.

Single Family Homes made up most of the market in the first half of 2012 with 46% of market sales and 57% of dollar value.

Year

Properties Sold or Pending Sales

2007

610

2011

451

2012

486

Total Sales Volume: $347,392,785

Sales and Inventory:

Prices: Home & Condo sales up 3% over the last year. All property types median value increase of 11% over the last year.

Old Town: Median home prices down 14% from last year.

Park Meadows: Median Home prices up 7% from last year.

Kimball Junction: Median Home prices up 33% from last year.

Pinebrook: Median Home prices down 9% from last year.

Distressed Properties:

Foreclosures and short-sales made up 17% of all sales in the first half of 2012, compared to 27% in 2011.

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