Blog

Our subject matter is largely made up of questions we are asked by clients and other individuals considering Park City as a place to own or to visit. Most of the questions we are asked pertain to our Golf and Ski communities, but we welcome any questions relating to the Park City market or any real estate topic. We will address every question honestly and answer to the best of our ability. We respect our competition but we don’t shy away from discussing differences in product and services when asked. In addition to answering your questions, we enjoy sharing stories of our clients successes, open houses and Golf, Ski and community events of significance.

 

Best of Tuhaye and Talisker

By Darrick Olsen
Oct 05, 2015

Owners of Park City/Deer Valley second homes and ski condos, who have enjoyed Park City/Deer Valley as their second home and their family ski vacation tradition, are deciding now that the kids are grown, this is the place for mom and dad to make their primary residence.   With the new golf clubhouse open and operating, Tuhaye is the ideal family community to reside, continue the family tradition for more generations and have the best of both worlds - The Talisker Club at Empire Pass and The Mark O'Meara designed Tuhaye Golf Course.

Our new listing at 9945 N. Timpanogos Court is Prominently situated on one of Tuhaye's hilltop sites this home has views of the Mark O'Meara golf course and Deer Valley Ski Resort. This 5 bedroom, 7 bathroom  home has a large open area and more intimate spaces to capture the spectacular views.  The luxurious finishes include materials used from a varied palette and enhance this very functional and easy flow floor plan.  The kitchen and culinary facilities allow for intimate family dinners and entertaining for groups. Every room in the house invites guests to relax. Includes furnishings and state of the art Meridian theater and electronic equipment.9945 N Timpanogos Circle Kamas-MLS_Size-001-1-019945TimpanogosCir01-1800x1200-72dpi9945 N Timpanogos Circle Kamas-MLS_Size-004-5-039945TimpanogosCir03-1800x1200-72dpi

Trabaccone Olsen November

By Darrick Olsen
Nov 28, 2014

207288Along with the rest of Park City, Joe and I enjoyed all four seasons in one month.  One of the best kept secrets of Park City, Utah is what we locals call an "Indian Summer".  This year was particularly outrageous. We were golfing and fishing one week, then rushing to get first tracks at Park City Mountain Resort the next.  One week the PCMR Alpine Slide, the next Neff World.  These two photos were taken less than 30 days apart.  In one, you can see incredible pastel fall colors we enjoyed and in the other, the same view one day before the  2014/2015 season opening of Park City Mountain Resort.  Not only is the lifestyle phenomenal, two locations we think that buyers should really be looking are the areas at the base of both Vail owned Park City, Utah ski resorts.   The opportunities are unlimited, but the supply of real estate is limited.  Touring properties on consistent basis and keeping meticulous notes allows us stay on top of the market.  We feel this is extremely important and valuable to our clients. Knowing where the best values are located, why they are the best values and why it is the best time for our clients to buy or sell is what sets us apart.    What's happening in Park City?  What are they people talking about in the restaurants and clubs?  Real Estate.  And, for Park City real estate, we are the only two names you need to know.

We Are Bullish On Park City and Deer Valley

By Darrick Olsen
Nov 24, 2014

Bulish on Park CityAfter spending two full days scoping out real estate, everything we have seen tells us the real estate market is improving and will keep improving.   Not only is new construction underway in every neighborhood we visited, each neighborhood has multiple homes in various stages of construction and re-model.  It seems spending $4.5m for a home and another $2m remodeling it is the new normal.   The dramatic increase in the amount of commercial construction provides additional validation that we are in a Bull Market.  Not a speculative market, but a solid and legitimate increase in real estate prices and value.   What did we confirm on our two day tour?   Approximately 90 percent of the new residential construction are custom built homes.  An almost equally large percentage of development product has reservations made and end users waiting.   The commercial development under construction is owner use or has already been leased.  Overall inventory is low.  So, what's missing? Answer:  New homes in ski and golf communities.  It's no secret buyers want new.  It is very difficult to find a buyer a new or very recently remodeled and updated product of quality that has a modern/contemporary, new and fresh feel; and a simple, functional floor plan.  Not only did Joe and I spend two full days last week, we spend at least one day a week every week - much like a picker hunts for art and antiques - looking for the best lots, builders, architects and locations for our clients.  We know Park City, Deer Valley and the surrounding areas.  If you want to know what we know, give us a call or contact through our web site.  Bulish on Park City

Blog about the Blog

By Darrick Olsen
Sep 17, 2014

Joe and I decided that we want this blog to not only provide you with the usual stats, market updates, and our incredible insight and expertise about Luxury Golf and Luxury Ski Properties in the Park City, Deer Valley and surrounding area, but we want it to develop some personality too. There is more to Real Estate than dirt and cement and a contract. We like making Real Estate happen for our clients. Nothing is less satisfying than hearing "We wish we had bought that when you first showed it to us". Nothing is more satisfying than hearing, "We love it here and are telling all our friends how spectacular the Park City lifestyle is. Thank you for helping make it happen".

We have had an incredible summer season and look forward to the ski resorts opening. The kids are back in school. Park City High has had their first football game. Fall Lacrosse has started. The mountain bikers are racing for that last ride in the sun. The wake boarders are making there final early morning rides and getting ready to wax their winter boards. The sun is rising later and setting earlier and the golfers are cramming in as many final rounds as the fall will allow. While we transition from one season to the other, we'll be touring golf communities, walking building lots and previewing new all the product so we can keep you one blog ahead.

See you soon.

Joe and Darrick

How was the Park City/Deer Valley Summer Real Estate Market?

By Darrick Olsen
Sep 10, 2014

image imageIf you go by the stats and the photos, the grass is greener.  80 to 90% of the new construction is custom designed homes.  Lot sales and values have increased.  Although inventory is up about 10%, we see this as a positive.  Prices are holding and buyers now have a greater selection.  We are seeing a definitive shift toward "New and Fresh".   Architects, builders and home owners are using new more efficient methods and materials.  Designers are highly focused on a fresh look.  The one thing that has not changed is buyers want the best lots, with the best views.  After spending two weekends touring the 2014 Park City Builders Area Showcase of Homes, we are excited to focus our upcoming blogs on many of the "New and Fresh" homes we toured.

Red Ledges Real Estate Market

By Darrick Olsen
Aug 25, 2014

The Park City Board of Realtors luncheon was held at Red Ledges on Aug 21, 2014. Sales at Red Ledges are robust. Both vacant land and single family homes are selling well. Driving through Red Ledges, it was exciting to see all the new construction and completed homes. Although the Jack Nichlaus signature course is one of the tougher courses in the area to play, the weather was mild and the golfers we spoke with were very pleased. Red Ledges is one of many Private Golf Club Communities. We would be pleased to assist you not only with our expertise of Red Ledges, but the Private Golf Communities of Victory Ranch, Tuhaye, Promontory and Glenwild, as well. As one famous art dealer put, "An artist does not necessarily know his best work. That is why you consult with an expert". We feel this same theory applies to local Real Estate. Let our expertise help you find the hidden jewel. - Click here to read more!

Early Morning Air

By Joe
Aug 07, 2014

IMG_0995 IMG_1009 IMG_1022

Hot Air Balloon Rides Hot Air Balloon Rides

The early morning air in Park City brings out the hot air balloons. There were a number of hot air balloons, both private and commercial. For a little over $150 per person, you can get a one hour ride from a number of commercial operators. Exciting, beautiful and very serene.

Deer Valley Concerts

By Joe
Aug 05, 2014

On Saturday night, Deer Valley hosted the Utah Symphony and "Super Diamond". This Neil Diamond cover band played to a pretty much sold out crowd.  IMG_1031

Super Diamond Good times at Super Diamond

 

Deer Valley hosts the Utah Symphony along with numerous other performers during the summer season.

For more information:  http://www.deervalleymusicfestival.org

Utah Symphony and Conductor Jerry Steichen Utah Symphony and Conductor Jerry Steichen

IMG_1056 Super Diamond

IMG_1050 IMG_1055

UPDATE: PCMR v. Talisker

By Darrick Olsen
Jul 31, 2014

 

Some current news regarding the fight for Park a City Mountain are sort.

PCMR v. Talisker: mayor expresses doubts about progress

Statements 'devoid of any real or meaningful solution,' Thomas says Jay Hamburger, THE PARK RECORD POSTED: 07/29/2014 01:20:37 PM MDT13 COMMENTS

Mayor Jack Thomas on Monday issued a prepared statement that appears to express doubts about the progress being made by Park City Mountain Resort and Talisker Land Holdings, LLC as the two sides in a high-profile lawsuit attempt to reach an agreement through mediation.

A filing late last week by Talisker Land Holdings, LLC apparently prompted the mayor's statement. Talisker Land Holdings, LLC and Vail Resorts indicated they would not oppose a PCMR request to stay the enforcement of an eviction order if the resort side posts a bond. The amount of the bond has not been set. Vail Resorts is overseeing the case as part of its long-term agreement to operate the Talisker corporate family-owned Canyons Resort. The deal could be extended to the disputed land underlying most of PCMR's terrain depending on the outcome of the case.

"This latest statement by Talisker only further confirms what has become an all too disturbing pattern of public statements devoid of any real or meaningful solution. For either party to operate the resort next season, each must be willing to compromise and leave something on the table," Thomas said.

Thomas, meanwhile, says there "appears to be a serious disconnect between what both Talisker/Vail and Park City Mountain Resort (PCMR) claim they want and what the community is getting - a fully operational ski resort next season and beyond."

He said there needs to be an agreement that ensures PCMR operates during the upcoming ski season. There have been increasing worries in recent weeks, particularly by the business community and City Hall, about the impacts of PCMR not operating during the 2014-2015 ski season.

"Any attempt to lighten the burden of litigation by narrowing the issues is positive and reassuring. Yet it remains unclear what Talisker/Vail is giving up by this action, and provides no solace for the thousands of area residents and businesses who continue to live in uncertainty," Thomas said.

City Hall was largely uninvolved in the case until recently. Park City leaders, though, became worried about the effects on the community, including the local economy, if PCMR did not open for a ski season or operations were greatly scaled back as a result of the lawsuit.

Thomas in mid-June sent a letter to the top executives at PCMR parent Powdr Corp. and Vail Resorts saying he and the Park City Council were "disappointed" in the progress. Thomas in the letter said City Hall would pay to hire a mediator. The judge ordered the sides into mediation shortly afterward.

The mayor's Monday statement:

"While we applaud Talisker's statement that they are mindful of the uncertainty this legal proceeding is having on the community and the upcoming 2014/2015 ski season, there appears to be a serious disconnect between what both Talisker/Vail and Park City Mountain Resort (PCMR) claim they want and what the community is getting -- a fully operational ski resort next season and beyond.

This latest statement by Talisker only further confirms what has become an all too disturbing pattern of public statements devoid of any real or meaningful solution. For either party to operate the resort next season, each must be willing to compromise and leave something on the table.

Any attempt to lighten the burden of litigation by narrowing the issues is positive and reassuring. Yet it remains unclear what Talisker/Vail is giving up by this action, and provides no solace for the thousands of area residents and businesses who continue to live in uncertainty.

Though Talisker claims minor progress, there remains an immediate need for a short-term solution that confirms resort operations this year. If the parties cannot mutually agree upon a bond amount, Talisker/Vail and PCMR should continue to consider a broad range of attainable short-term solutions that meet their public commitments to support our community, businesses, and residents with a fully operational resort.

Lastly, it shouldn't be lost on anyone that this so-called "non-opposition" statement comes at a time when mediation is underway, yet PCMR and Talisker/Vail still have not accounted for resort operations for the 2014/2015 ski season."

Independence Celebration in Park City Utah

By Darrick Olsen
Jul 15, 2014

No matter where in or near Park City, Utah you spent the 4th of July weekend, it was spectacular. The fishing was incredible, golfers from Midway to Glenwild played the best rounds of their lives, mountain bikers and hikers enjoyed both thrills and serenity at the same time, on the same trails. From Oakley to Park City, friends and family enjoyed parades, concerts, boating and picnics. This will be the year the claim to "Greatest snow on earth" is changed to "Greatest place on earth".

We Are Now Berkshire Hathaway Home Services!

By Darrick Olsen
Jun 03, 2014

Although we don’t usually post company news on our blog, we now make an exception by passing along the details of our transition from Prudential Utah Real Estate to Berkshire Hathaway Home Services. We like the way Warren Buffett thinks and his long term management philosophy. The new tools and resources Berkshire Hathaway Home Services provides will allow us to provide improved service for our clients. Since we are firm believers in working through other agents, we are most excited to be part of a rapidly growing network (already 28,000 agents and 750 firms) of top companies and top agents in our established feeder markets and in other resort areas. We will do our best to expose them to Park City’s Golf and Ski communities.

 
 
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