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.

 

 

 

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

Q &A with Blaise Carrig of Vail, Park City & Canyons

By Darrick Olsen
Oct 03, 2014

What is going to be Vail’s focus for Park City and the Canyons?

Vail’s focus is on the skier experience, the family experience and the ski vacation experience. We want a quality experience within each resort.

We hear many good things about the Epic Pass. Can you tell us more?

The Epic Pass is a key benefit to all our skiers. We have a network of 11 resorts. There are 300,000 Epic Pass holders from 87 countries. Park City Mountain Resort is a lead brand. Vail owns six of the ten most visited ski resorts in the U.S.

What is first on the list for Vail?

On Mountain improvement at Park City Mountain Resort by elevating the services, addressing lifts, restaurants and snow making. We also want to focus on families by creating programs oriented to families.

Can you tell us about any plans to connect Park City and the Canyons?

Ideally, we would have a two-way lift connecting Park City Mountain Resort with the Canyons that would be installed next summer. That would be pending approvals. The new combined ski resort, which will have the largest area of skiable terrain will be over 7,300 acres.

Can you address Vail’s capital strength?

Vail has considerable capital strength. As President of the Mountain Division, strategic capital is critical. Does it add value? Vail takes a different and long term approach. We carefully acquire, maintain and grow our resorts. The Mountian Division or ski operations accounts for a significant portion of Vails revenue. Our main focus is the successful running of ski resorts.

How does Real Estate Development factor into that equation?

Vail develops real estate when it feels that additional lodging and facilities are required. Our preference is to bring in a developer or create a partnership. We have a very particular interest in the areas at the base of our resorts. Vail’s focus is on operating ski resorts. When needed, Vail has made the appropriate Real Estate improvements.

Our conclusion is that Vail’s completion of the Park City Mountain Resort purchase is great for Park City. Vail will be an excellent community partner. Vail’s presence in Park City has already been reflected in the Real Estate market. There is a very strong overall feeling that the boost in our Real Estate market has been validated by Vail’s increased presence.

 
 
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