This BLOG is focused on updating you on the most significant new sales and listings in the Park City area market on a weekly basis. All content is original. By finding and discussing what makes some properties standout in terms of location, design, and price, I can help buyers spot locations and property types that may meet their needs. I select properties from all members of the Park City Multiple Listing Service that have quality video presentations. These videos are the next best thing to an actual property tour. When you are sure that an actual visit to one or several properties is worth your time, we can make that an enjoyable experience. If you are considering the sale of a property you own, it can pay big dividends to see what comparable properties are selling for vs. what properties you may be competing with are listed for.

I don’t shy away from expressing my opinions concerning this market and I’ve had many years of experience in doing so, but I need to know what you want to accomplish before I can really help you. This website and my BLOG are just first steps in a process that needs to add value to your efforts, so pick up the phone and call me or send along any comments you have on my BLOG posts.



James Lewis

Senior Partner
Branch Broker for The Colony
2200 Park Ave., Suite A200
Park City, UT 84060
Cell: 435.901.9898
Office: 435.649.7171




By Jim Lewis
Jun 17, 2017

Significant News:

Another boatload of good news arrived in Park City last week. The Bonanza Flats deal, which once seemed impossible, closed on the June 15th deadline with hours to spare. The acquisition covers 1,350 acres popular with recreation lovers who hike and bike there in summer and cross country ski and snowshoe there in winter. A $25 million dollar bond was passed in Park City last fall and it was announced in January that an additional $13 million would be needed to meet the purchase price of $38 million. It would take a long time to name the estimated 3,500 donors who stepped up to raise the additional funds required, but it included participation from Summit County, Wasatch County, Salt Lake City, Salt Lake County and second home owners from all over the country. Long expected to be a luxury golf/ski development site, citizens decided conservation and protecting the watershed were more important.

It was also announced last week that 2016-17 was a record-setting ski season for Utah's 14 ski resorts attracting 4,584,658 skier days even though a late start limited the Thanksgiving traffic. Deer Valley and Park City Mountain resort had banner years with the Vail Resorts Epic Pass program being credited for pulling in more skiers. The Utah Tourism Office reported that Utah's resorts generated $8.2 billion in spending in their winter and summer seasons and $1.15 billion in total state and local taxes. This years snow total winner was Brighton Resort with 632 inches of snowfall.

A new economic impact study by Y2 Analytics released last week shows that an estimated 71,638 people attended some part of the 11 day January Sundance Film Festival in Park City, Salt Lake City and the Sundance Resort. Y2 estimated that this years festival generated an estimated $151.5 million in economic impact in Utah. It supported 2,778 jobs and generated $14 million in state and local tax revenue, up from $8 million in 2016. It is interesting to note that attendance was nearly evenly split between Utahns and non-residents and only 14.5% of attendees work in the entertainment industry. The top five states for out-of-state attendees were California, Illinois, Nevada, New York and Pennsylvania.







By Jim Lewis
Jan 14, 2017

Significant Sales - week ended 1/13/17

7 feet of snow in 8 days was a recent Park City headline. Not all of that snow was the famous Utah powder, but after a few days of what one California skier described as "Sierra lite", we did get back to colder temperatures with clear blue skies and sunshine. I haven't seen 80 - 100+ inch base numbers at area resorts in mid January for a long time. With the Sundance Film Festival scheduled to kick off on the 19th, and the MLK holiday on Monday, next week promises to be a huge test for traffic control and public transportation. I predict big sales of warm, waterproof footware. Gorsuch, North Face and the new Patagonia store should do a land office business. Years ago we used to say that Sundance was a great week to ski because few of the Festival visitors brought their skis. In recent years that is becoming less true as long time festival goers have learned that you can enjoy both along with great restaurants and nightlife on Main Street and many other locations. Not only do the official Sundance sponsors represent an "A" list of corporate America, but we expect over 100 ambush marketers to descend on this years event and everything that can be rented for a pop up has been rented. Another item getting a lot of attention this week is the very real possibility that Park City will be able to purchase the 1,400 acres known as Bonanza Flats for open space for a mere $38 Million. The city already passed a bond for $25 Million in the last election (by over 70%) and by inviting participation from a who's who list of environmental and government partners to raise the needed $13 Million, the project should be concluded shortly. This privately owned area has long been eyed for a super high-end ski & golf development site, but preserving the land long enjoyed by hikers, cyclists, and cross country skiers is seen as good news by the taxpayers who will foot the bill, and is seen as a great balance to the unequaled high-end ski and golf developments we already have or that are on the drawing boards. There were 50 pended sales reported by the Park City Multiple Listing Service in the week ended 1/13/17. 30 closings and 71 new listings were reported during that week.

Single Family Homes: The 28 new single family listings were largely more of the same product in the same neighborhoods, so I focused on several homes that are value priced in neighborhoods where interesting homes don't often show up on the new listing sheet. 2710 Broken Spoke Way in the Broken Spoke subdivision in Park Meadows is one of the most desired neighborhoods with a limited number of homes that form an island within the Park Meadows Country Club golf course. Built in 1992 and remodeled in 2012, this 4,672 SF, 5 bedroom, 5 bath home has great golf course views, main floor master and a 4 car garage. Priced at $1,799,000 ($385/SF), this home is a great value. http://www.tourbuzz.net/public/vtour/display/677098?idx=1  . A home at 7836 N Pinebrook Road in the Boothill subdivision in Pinebrook close to the Pinebrook family park and sledding hill is priced at $995,000 ($266/SF). This 3,746 SF, 4 bedroom, 5 bath home built in 1990 and remodeled in 2010 is a real find as a family home value. http://www.spotlighthometours.com/tours/tour.php?mls=11606073&state=UT . With snow piled deep and temperatures near zero, I was drawn to a new listing in St. George, Utah - an increasingly popular location for those more attracted to golf than skiing. 2405 W Entrada Trail Unit #77 is a 2,274 SF, 3 bedroom, 3 bath home built in 2006 and priced at $635,000 ($279/SF). This home includes a social membership to the Entrada at Snow Canyon Country Club and a Golf membership is available. The forecast temperature today is 72 degrees and its a 1 hour 5 minute non stop flight from SLC on Delta. http://www.tourbuzz.net/public/vtour/display/167999?idx=1 . The single family home sale of the week was the home at 3655 Sun Ridge Drive in Royal Oaks that I featured last week. The home listed at $2,400,000 ($258/SF) was sold after only 5 DOM.

Condominiums: Although there were 32 new condo listings last week, there was not much excitement in terms of unique or special value properties. 5 more units were added to the Empire Pass inventory, but no new sales. There are now 66 condo listings in Empire Pass - 12 2 bedroom units, 28 3 bedroom units and 26 4 bedroom or larger units. The 26 units priced under $2,500,000 represent some great values in terms of luxury ski-to/ski-from properties. The condo sale that caught my attention last week was 2813 Gallivan Loop at the Cove at Eagle Mountain in Park Meadows. Listed at $1,150,000 ($409/SF), this is the 15th area sale since 1/1/2016 and leaves only 1 active condo listing in this popular neighborhood. It will be interesting to see if depleted inventory in this segment of the market improves by the time the snow melts. http://www.spotlighthometours.com/tours/tour.php?mls=11604837&state=UT .

Vacant Land: At The Colony where the snow is deep and the skiers are smiling, 95 White Pine Canyon Road was the standout new lot listing. This 6.54 acre site near the Daybreak and Dreamscape lift features spectacular views and is well priced at $2,195,000. http://www.spotlighthometours.com/tours/tour.php?mls=11700139&state=UT . The lot sale of the week was also a resale at The Colony. 1 White Pine Canyon Road is the first estate lot inside the entry gate. This 40.17 acre lot is the original Colony home-site and is one of the few horse properties at The Colony. http://www.spotlighthometours.com/tours/tour.php?mls=11504485&state=UT . 



Existing user sign in: 
Forgot Password?