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.

 

Sky Silver - A Cool Style Lounge

By Darrick Olsen
Jan 30, 2016

?Imagine sitting an open house in the coolest style lounge for Sundance 2016.  Once the Silver Queen Hotel, the upscale urban flats at Sky Silver offer the ultimate in Old Town Park City location and lifestyle.  Enjoy quick access to Park City's Main Street, Park City Mouskysilver and mainntain Resort via the Town Lift, Deer Valley Resort, restaurants, shopping and entertainment.  Designed by the Elliot Workgroup, the floor plans are sophisticated, thoughtful and encompass the historical elements of Park City.  The Penthouse has a rooftop terrace and is ideal for entertaining, lounging or enjoying a sunset.

 

It's all about Timing - Real Estate, Golf & Prom

By Darrick Olsen
May 13, 2015

Yogi Berra put it well, "You don't have to swing hard to hit a home run.  If you got the timing, it'll go".   Those words can also be applied to real estate, golf and asking a girl to Prom.  Park City High School Senior, star basketball player and not too shabby golfer, Logan Holbrook, has the right idea about all three.   It's all about timing.  From the tee box in this photo, Logan confidently hit eight golf balls into the back yard of the girl he asked to Prom - May I Take You To Prom From Logan - one word on each ball.  His timing was perfect.  Of course, his Realtor found the right house.

Swinging For Prom Teeing Off For Prom

The timing for golf properties at Jeremy Ranch, Victory Ranch, Glenwild, Park Meadows, Red Ledges and Promontory is perfect.  The number of new construction starts for luxury custom homes is still increasing.  I spoke to one excavator, who has more than 50 holes to dig.  All are in one of the superior private golf communities located in the Park City/Deer Valley area.

For the first time in quite a few years, on June 20th, Promontory will be holding a launch for new developer lots.  The prices will be between $560,000 and just over $1mm.   Along with the Nicklaus Hillside Village model homes, the Grand Opening of the Nicklaus Painted Valley clubhouse will be held.

This is one of those opportunities that not only will a buyer need to time perfectly, they will need to have all the relevant  information, as well.  Logan had the timing.  How did he find the right location?  Promontory is a superbly planned community that has been approved for almost 1,900 units.  What's new?  What's the best of the new?  What are all the nuances associated with a developer launch?   What Promontory product may fit your needs just as well, if not better?  Which Private Golf Community is the best fit for your particular lifestyle?   How do you get all Luxury Golf Community information?  Which Realtors know all the golf product in the Park City area?  Who has the information that is most valuable to you?

Trabaccone-Olsen    The only two names you need to know.

How Is The Snow In Park City and Should I Buy Real Estate?

By Darrick Olsen
Feb 14, 2015

Let's get it all out on the table, right up front.  When it is February, nearly 60 degrees and sunny in a ski town, you still won't find better snow or have a better ski vacation than you will in Park City/Deer Valley, Utah.  And as you can see from my photos, the Canyons Plaza and Cabriolet is  definitley a cool place to be.  The views from the top of the Canyons are - in the words of the two self proclaimed  "surfer - snow boarders", who rode the lift with me, "Dude, this is totally dope!"  Seasoned by his buddy with insightful follow-up, "Yeah, totally dope!"

On the ride up the lift, I had already discovered they were visiting from "SoCal".  Curiosity got me.  What inspired them to spontaneously drive to Park City from Southern California?  "Oh, Dude.  The Epic Pass, man.  It's totally sick".   "We decided to jet up for the long weekend and chillax, then jet back to P.V."   (We decided to drive up, have fun, relax; then drive back to Palos Verdes whenever we feel like it)  "Park City rocks!!"   Okay...no need for me to sell it.

Back to Real Estate - Two guys in their late twenties.  One is single.  One is married and has two children.   One is in the tech industry.  One is in sports marketing.   Both are very astute.  And, both are bi-lingual.  The generational board dude lingo quickly morphed into an MBA exam.    Their questions to me?  1- Where can  we send the ladies shopping and meet them for dinner?   2- Is now a good time to buy?   After answering the first question, I went right to the second.    Answer - YES!  It's a very good time to buy.   A few reasons to buy?  1- Vail Resorts and their proposed $150mm capital investment in Park City Mountain Resort and the Canyons.  2- Supply is is shrinking.  3- The cost to develop new product has increased and will require increased sales prices.   4- Where else can they buy a second home that is 30 minutes from an international airport,  a 90 minute flight or one day drive from California and has the endless year -round amenities we have in Park City, Utah?   As the saying goes, you come for the winters, but stay for the summers.    It's all about lifestyle, Dude!!

A Cool Place To Be A Cool Place To Be

"Dude, This Is Dope...Totally Dope" "Dude, This Is Dope...Totally Dope"

 
 
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