Park City, UT
Park City, Utah real estate is steadily increasing in value as this beautiful mountain resort community continues to thrive and prosper. Park City is the perfect summer/winter resort, and attracts many visitors year-round-among them, a vast number of second homebuyers. Many real estate owners in Park City have realized the investment benefits of our four stunning seasons. Our summers showcase three of the finest golf courses in the intermountain region, a multitude of mountain and road bike competitions, and nationally recognized music and art festivals. Owning real estate in Park City has proven to be a year-round investment, with consistent property exposure during and after the ski season.
Just up the mountain from Salt Lake International Airport, Park City real estate owners hold a unique and highly desirable advantage over other resort towns. Investing in Park City, Utah real estate means that a short, 30-minute drive is all that separates airport-bound owners from their luxury ski vacation homes. This proximity allows real estate owners in Park City much more convenient access to their properties and local activities than other resort cities afford. This proximity also transforms Park City's real estate into premier destinations for travelers and business retreat planners. While situated in beautiful mountain contemporary accommodations, our guests ensure rental revenue, as well as a constantly evolving tour of potential buyers of real estate in Park City. Many of our second homeowners arrived simply for business meetings or pleasure skiing before deciding to invest in their very own Park City real estate.
Owners of Park City real estate have another amenity to be proud of: of the three world-class ski resorts in Park City, two ranked in the top five of SKI Magazine's annual "Top 50 Resort Guide," and all three ranked in the top 15. Park City real estate owners are seeing great international exposure from Deer Valley Resort's ranking as the number one ski resort in North America by the readers of SKI Magazine for the second time in five years. Park City Mountain Resort was ranked number five. Those owners of real estate here in Park City might have recognized Deer Valley's slopes while watching the 2002 Winter Olympics Slalom and Combined Slalom, Freestyle aerials and Freestyle moguls events. During the Olympics, owners of real estate in Park City were delighted to see the coverage of Park City Mountain Resort, host of the Snowboarding and Giant Alpine Slalom events. This year, Park City Mountain Resort was also voted "Terrain Park of the Year" by Transworld Snowboarding magazine. The third world class resort that owners of Park City Real Estate can enjoy is Canyons Resort. Voted 14th in SKI Magazine's survey (up eight spots from last year), Canyons boasts the largest single ski and snowboard resort in Utah, and among the top five largest in the United States.
It's a great time to buy or sell real estate in Park City! As the community continues to grow, it remains one of the most pristine and peaceful mountain towns in the West. As such, the market for real estate in Park City, Utah is enjoying the benefits. The 2002 Winter Olympics brought a real estate boom to Park City, and a strengthening economy and record snow years continue to bring investors in higher and higher numbers. Properties have enjoyed a steady rate of appreciation through the years, making the Park City, Utah real estate market very rewarding for both buyers and sellers. Buyers benefit from rising property values (which are expected to continue). Sellers of Park City real estate are receiving higher asking prices and quicker sales. Investment buyers as well as second homeowners have been very pleased with the increase in value of their Park City real estate, and many are multiple property owners.
Posted on 31 October 2014 | 5:51 am