Park City & Deer Valley

With the recent expansion of the Canyons terrain,

there will also be some changes foodies are sure to enjoy.

Talisker recently announced they will be opening the first Glatt Kosher restaurant in the Silverado Lodge Bistro at Canyons with Talisker's executive chef John Murcko. They will be preparing to-go kosher breakfasts and lunch, and on Friday evenings and Saturday afternoons they will offer the traditional Sabbath meals with in-house dining. They also plan to offer kosher meal services for families on vacation that are visiting the resort. Located directly next to the Bistro in the Silverado Lodge is an Orthodox Synagogue.

On December 8th, 2011, the Hyatt Escala will debut their brand new restaurant, the Hyatt Escala Provisions Company, and it's all about comfort. It will be a restaurant, bar and a grab-and-go from the kitchen's little market all rolled in to one!  The idea is to allow hotel guests and owners to choose between enjoying the open-air kitchen and comfortable atmosphere, or buy food to prepare in their private kitchens.  The hotel is offering a shopper program, a new feature where the grocery shopping id sone for the guests before they arrive.  Executive chef Amanda Buchanan, from the Hyatt Regency Atlanta, brings a menu of modern comfort food with an emphasis on local ingredients.

Canyons Resort has an array of real estate opportunities available from ski-in/out condominiums to single family residences in The Colony.  If you're looking to purchase or sell real estate in the Canyons or the Park City area visit Park City Real Estate to view all the listing currently available. Michael LaPay, a local Park City Realtor, specializes in assisting Buyer's and Seller's in the Park City, Utah area.

Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com

Park City Saw 44 Percent of State's Skier Days Grew by 8 Percent

As reported by the Park Record, last winter, a survey of 3500 people in 14 states rated Utah's 14 ski resorts positively, putting Utah in the top half of all resorts in the US - but still far from the top. Over one-third of the survey participants were found at one of Park City's resorts. Summit County is a major player in the state's ski industry, according to skier day reports. It's said that nationally, 1.3 percent more people went skiing in the 2010-2011 winter than the year before. There was a 2.6 increase in the Rocky Mountain Region, which includes Utah. Specifically, Utah's resorts saw a 4.3 percent increase in people, and Park City's resorts saw a 7.8 percent increase. Within Utah, Park City experienced 44 percent of the state's total skier days and was responsible for 55 percent of the total economic impact on the state from the industry.

More than half of the participants in the survey recalled seeing an ad somewhere promoting a winter vacation in Utah. Roughly 5 percent stated the ad influenced their decision to come to Utah. Throughout the state, it's safe to assume last year's marketing impacted about 40,000 people to choose Utah for a ski vacation.

To read more on the article, go to www.ParkRecord.com.

Again, we ask ... Utah or Colorado?  You Decide.

For More Information on Park City and Deer Valley Contact:
Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com

The Colony at White Pine Canyon

Park City, Utah

October 4th, 2011

Overview

• Over 50% of Canyons ski terrain is Colony Nine of 19 lifts are on Colony property

• There are 274 homesites approved on approximately 4600 acres, and to be constructed in five phases

• The average size of the lots is five acres

• The first release of the homesites was in 1998

• HOA dues are $11,000 annually

• 16 miles of paved roads with all utilities underground

Homesites

• 173 have sold

• 197 homesites are currently platted and recorded

• 77 remaining entitlements

Single Family Residences

• 109 homes are built or under construction; Owners may build a main home (no minimum or maximum square footage), a guest home (2500 square foot footprint) and an accessory building. Some homesites allow for horses. The designated buildling envelope is approximately 20,000 square feet.

AVAILABLE FOR PURCHASE

Homesites

• There are currently 42 homesites listed for sale; 24 of the lots are developer owned. The price ranges from $895K to $4.495M. Four lots have sold in 2011, with a price range of $1.235M to $1.4M ($1.319M average sales price).

Single Family Residences

• There are 12 homes currenlty listed for sale. They range in price for $4.25M to $26.2M. There have been eight homes that sold in 2011, with a price range of $3.795M to $6.95M. The median sold price is $4.3M with a median price/SF of $605.

Buyer Demographics

1. California (25 - 30%)

2. Florida

3. Illinois

4. Texas

5 Park City / Salt Lake City (TDRs, Builder, Spec)

6. New York / New Jersey

7. Nevada

8. Arizona / Hawaii / Missouri / Pennsylvania

Financing

Iron Mountain Associates offers sellers financing for a 3 year term, interest only payable quarterly with a balloon due at maturity. 30% down, 6% fixed rate interest, no prepayment penalty, no points or orgination fees.

For More Information on Park City and Deer Valley Contact:
Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com

CANYONS Report

Real Estate for Sale and Pending Sales

Updated October 6th, 2011

For More Information on Park City and Deer Valley Homes contact:
Michael Lapay
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com

*This information contained here in was obtained from the Park City MLS and is deemed accurate.  However, we do not guarantee its accuracy and all information is subject to chagne without notice.

CANYONS Report

Real Estate for Sale and Pending Sales

Updated September 14th, 2011

For More Information on Park City and Deer Valley Homes contact:
Michael Lapay
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com

*This information contained here in was obtained from the Park City MLS and is deemed accurate.  However, we do not guarantee its accuracy and all information is subject to chagne without notice.