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.

 

Park City Real Estate News

By Darrick Olsen
Oct 31, 2015

The transition to Engel & Voelkers Park City has been phenomenal.  To us, it is headline making Park City Real Estate News.   Joe and I appreciate being welcomed and endorsed by owners and advisors of the leading, luxury real estate brand.

Autumn Ski Runs Autumn Hike, Ski Run Views - Water and Mountain

By combining the global presence and premium branding of Engel & Voelkers Real Estate with our specialized grasp of the local market and commitment to our profession, we are benefiting our clientele with a  tailored level of service.    This is an exciting time.

Park City real estate news is constantly changing.  When we are not  taking a listing or touring properties with buyers, Joe and I  are visiting contractors on job sites, meeting with colleagues, holding and attending weekly open houses, studying architecture, build and design trends or researching the Park City/Deer Valley markets. We know the latest Park City Real Estate News.

And, we are always enjoying the Park City lifestyle with family and friends.  Wouldn't you enjoy getting to see  that view with your family?

Find a Park City Real Estate Agent

By Darrick Olsen
Oct 12, 2015

The best Park City real estate agents help their clients buy and sell real estate.  Engel & Völkers - Trabaccone Olsen Advisors does more.  We offer you guidance and insight in ways not every agent can.  In fact, we are designates as "Advisors", to better define the higher level of service we provide.  Engel & Völkers - Trabaccone Olsen Advisors maintains consistently high levels of service experience by managing performance at every level and having a deep understanding that client service is essential.  We start out great and always strive to be better.

On Deck - Dillon & Andrew Playing a Private Client Event On Deck - Dillon & Andrew
Playing a Private Client  Cultural Event

First and foremost, we are the experts. We can recommend restaurants, movie theaters, financial institutions, popular tourist attractions and cultural events. Most importantly, we can talk about the Park City real estate market and where your property is in the bigger picture.   We will provide you with valuable insight that is relevant to your personalized needs and see to every detail throughout the process so you won't have to worry.

 

 

 

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

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."

Tuhaye Member-Guest 2014

By Joe
Jul 30, 2014

Tuhaye Member Guest Winners

Kyle Arnold and Guest Overall Winners

 

The Tuhaye Twin Feathers Member-Guest tournament was held this past weekend. It was a three day event full of fun and excitement with a playoff that was spectacular. Usually, three holes determine the winner but this year five players went for the green on the 9th hole (Par 4) with their tee shot. Two shots landed within 8-12 feet from the hole. The tie for first place continued with four more holes where Kyle Arnold and his guest finally won. Pat Prothro missed a three foot put to take second with his partner, Jeff Keye.photo 3photo 2

SECOND QUARTER STATISTICS – SOME GOLF COMMUNITY TRENDS

By Darrick Olsen
Jul 18, 2014

Looking through the just released second quarter Park City Board of Realtors statistics, we found some interesting data relating to some of our gated golf communities.

Promontory: It was no surprise that single family continues to be strong at Promontory, but the recent performance of high-end building lots caught our eye. Many potential home buyers seem to favor custom build projects vs. the purchase of existing inventory. We see price as one factor but also Promontory is seeing a big move to contemporary design. These buyers are finding great value in building sites that feature golf course frontage and big views. Prices of high-end lots are moving up and activity is increasing. There are still a few homes available at less than replacement cost and the cabin product is strong with 12 cabins currently pended.

Glenwild: Lot prices are steady and lot activity is up. Lot prices still make it possible to build custom homes at prices competitive with existing resale inventory and resale single family prices are moving up with list prices starting at $1,799,000.

Tuhaye: Building lot activity is down, but prices are up reflecting buyers preference for top quality lots vs. the lowest priced lots. With only 15 resale single family homes now available – all listed at below replacement cost – existing single family at Tuhaye is certainly a high value opportunity with prices starting at $915,000.

 
 
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