Tag Archives: ski resort

2017-18 Utah Ski Resort Season Passes

efbd702e8a6893bfa7d865d55c63902aWith world-class ski resorts, miles upon miles of flawlessly manicured slopes and the lightest powder around, it’s no wonder guests come back year after year. Offering the driest and lightest powder around, Utah has the best snow for skiing and snowboarding in the world.

It’s never too early to start planning for the upcoming ski season!

Now is the best time to think about which ski pass you’re going to get for the 2017-18 ski season. Many of the Utah ski resorts have already announced next season’s passes, and in many cases you’ll get a discount for purchasing early. To help you, we’ve put together a roundup of what’s been published so far. Below you’ll find the current 2017/2018 season pass prices for Utah ski resorts.

Alta Ski Area Beaver Mountain   Brian Head Brighton
Cherry Peak Eagle Point Deer Valley Resort
Park City Powder Mountain     Snowbasin Resort     Snowbird    
Solitude Mountain Resort Sundance Resort   Nordic Valley

Be sure to check back as more resorts announce their 2017-18 season pass lineup and please be aware that pricing is subject to change.

Summer Begins at Park City Mountain May 26th!

The sun is shining, temperatures are warm, and the snow is melting! Summer will be here before we know it. Full time residents always say they arrived in Park City due to the epic winters but stayed because of the one-of-a-kind summers.

Park City Mountain has just released their summer operations schedule, so be sure to pin, save, or share this post so you don’t miss any of the resort’s events!

Highlights

  • Canyons Golf Opens for the Summer Season on May 26th
  • Canyons Village Summer Operations Begin June 16th
  • Park City Base Area Summer Operations Begin May 26th
  • Summer Farmers Market at Canyons Village Parking Lot Begins May 24th (every Wednesday)
Image courtesy of Park City Mountain

Image courtesy of Park City Mountain

Family Fun at the Park City Base Area
Beginning May 26, Park City Mountain will offer a variety of outdoor summer activities for families and adventure-seekers at the Park City Base Area including:

Image courtesy of Park City Mountain

Image courtesy of Park City Mountain

Mountain Adventures at Canyons Village
The Canyons Village Base Area will begin operations on Friday, June 16. Activities include:

Scenic Mountain Dining
Guests of Park City will find a variety of al fresco and farm-to-table dining options across the resort this summer. Jupiter Java and Crescent Burger will open on May 26 at the Park City Base Area and Legends Bar and Grill will serve lunch and dinner seven days a week beginning June 2. Red Pine Lodge, located at the top of the Red Pine Gondola, will serve lunch daily beginning June 16. The Farm and Red Tail Grill will open in late-June following the completion of the Grand Summit renovation. For more information on summer dining, visit http://www.parkcitymountain.com/activities/dining.

SummerConcerts3

Image courtesy of Park City Mountain

Park City Mountain Summer Events
Park City Mountain will host a series of outdoor events this summer for all ages to enjoy. The fun kicks off on June 16 with the Kids Adventure Games, an adventure challenge course designed and run especially for kids ages six through 14. On June 24, Park City Mountain’s Summer Concert Series returns to Canyons Village with the first of five free summer concerts held on select Saturdays through September 2. It’s the perfect venue to enjoy Park City’s gorgeous mountain views and warm summer evenings. On July 4th, Park City Mountain will host its annual 4th of July Celebration with free music and activities at the Park City Base Area followed by a community fireworks show. Later in summer, The North Face Endurance Challenge Series returns to Park City Mountain for the fourth year on September 23-24. Guests can also enjoy the weekly Park City Farmers’ Market which is held in the Cabriolet Parking Lot at Canyons Village every Wednesday beginning May 24. The full schedule of free summer concerts and events at Park City Mountain will be announced shortly. For more information visit http://www.parkcitymountain.com/events.

Summit SIR 2016 Resort Report

SSIR_Resort Report_2016_Page_01

Ever wonder what is happening in Park City and the western United State’s top resort real estate markets besides the skiing? The resort markets of the Vail Valley, Breckenridge, Aspen, Telluride, Crested Butte, Steamboat Springs – CO, Park City UT, Lake Tahoe CA, Jackson Hole WY, Big Sky MT, Santa Fe NM, and Sun Valley ID, have been demonstrating signs of steady increase according to a 2016 year-end report by Summit Sotheby’s International Realty, and there are no signs of slow-down.

Based on their location in desirable, slightly less accessible places than national mainstream markets, resort communities throughout Utah and around the world are prone to unique, heavily saturated luxury markets, and tend to have a greater density of luxury offerings as higher net worth individuals are often drawn to them based on their exclusivity and proximity to recreational activities.

Summit Sotheby’s International Realty compiles bi-annual data from 12 prominent resort communities throughout the western half of the United States in order to provide the consumer quick statistics for each resort area, keeping them up-to-date on the overall housing market in each area, and providing pertinent information in making buying decisions.

A Local’s Guide to Sundancing Like a Pro

Ahhh Sundance… It’s the time of year where our small mountain town of Park City swells beyond capacity and ski bums are replaced with film makers, actors, and party hoppers from around the world.

While some locals roll their eyes at the thought of the 10-day film festival, I prefer to embrace the visitors and take advantage of the unique opportunity the festival provides to those who seek some fun, culture, and empty ski resorts.

Before I joined the creative crew here at Summit Sotheby’s International Realty, I was at the helm of a local television station which exposed me to not only the business of Sundance but to the social and musical happenings surrounding the festival. Instead of hoarding all of my “insider” (ha!) information, I figure, why not put together a guide on how to navigate Sundance like a pro-wannabe.

So without further adieu I present to you: Tiffany’s Tips For Enjoying Sundance.

  • Leave Your Expectations At Home

The second you leave your house expecting to see Julia Roberts or party with Robert Redford is the second you’re setting yourself up for disappointment. Instead, leave your house excited to walk around and see what the day has in store for you. Truth be known, you’re more likely to see someone famous (if this is a must for you) at the grocery store on Park Ave than you are scouring Main Street acting like a reporter.

  • Driving Is For Tourists

I know… I know… You have a secret parking spot that no one has ever parked in for any event, ever. Don’t do it. You will get towed. In fact, the tow truck company is around the corner waiting for you to get cute. You’ve been warned.

Instead of feeling frustrated in traffic, or worse, paying $45 to park, take an UBER or hop on the free Park City Bus. You can find information on the free Park City bus here. For your app users, download MyStop for an interactive transit guide.

  • Choose to Visit Main Street Opening Weekend

Opening weekend of Sundance is the busiest time for the festival. All of the lounges, gifting suites, and “experiences” are running around the clock. Even though it is busy, this is the best time to go for a walk, enjoy some of the lounges, and even pick up some free swag. If you’re into event merchandise, stop by the Sundance Film Festival store to pick up shirts, hats, etc. as they will be fully stocked with all colors and sizes.

Some lounges, including the festival BaseCamp, require a credential, but don’t let that discourage you, there are plenty of spots throughout the Sundance Village (lower main) and Main Street welcoming all for a warm cup of coffee, a free meal, indie film discussion, or even some live music.

  • Don’t Freak Out Over Getting Tickets

Every year I hear about people having epic meltdowns over Sundance Film Festival tickets. Don’t be that guy or girl. While some films enter the festival with tons of hype and a purchase agreement, the festival plays host to more films than you could watch in a weekend of a Netflix coma. Keep an eye on Facebook Marketplace, twitter or on the Park City Yard Sale Groups. Locals sell tickets constantly and as the festival progresses you can often find tickets for free just by staying calm. Alternatively, there are films screening in Provo and Salt Lake City that often offer easier access.

Pro tip from Anelise (ad manger): Waitlist tickets.

  • Bust out a 20 Spot and Get Tickets to the New Frontier

The New Frontier is always my favorite part of the festival. Virtual reality, tech-centric filmmaking, and user experiences abound for those who enter the New Frontier. While it is a popular spot, you can secure tickets for an hour experience for $20-$25 depending on the date in which you choose to attend. Tickets are available via sundance.org.

  • Go Skiing

For those of you who know me, it isn’t any secret that my goal in life (outside of changing the world through creative media and redefining the way real estate is marketed) is to ski as often as possible. Skiing during the Sundance Film Festival resembles that of owning your own resort, with you and handful of your friends being the only skiers or snowboarders on the mountain. With some snow in the forecast, plan on taking a break from the festival’s chaos with some pow turns at either of Park City’s world class resorts.

  • Watch In The Can

So I’m a little biased, but rightfully so. If you’re a film buff and want the true insider look into the business of Sundance and the filmmaking process, tune your TVs to Park City Television from 9-10am daily. Each day hosts Terry and Wendy interview the famous, the unknowns, the darlings, and the boundary pushers who make Sundance the film festival to rival all film festivals.

So, that’s it. A little bit of insider information packaged with some good ole’ common sense. So get out there and have a good time. I look forward to seeing your photos, celebrity selfies from Dan’s, and film reviews. Happy Sundancing, Park City!

Winter Is Coming: Resort Opening Days 16-17

It is no secret that Utah is home to the greatest snow on earth. About this time of year, every year, there’s a growing anticipation for the season’s first big snow storm… the storm that ushers in the winter and gets the chairs spinning at all of Utah’s resorts.

So to get everyone hyped up and to add to the anticipation, here’s a look at each resort’s anticipated opening day!

Northern Utah Resorts

Alta
Opening Date: December 2, 2016

Brighton
OPEN

Snowbird
OPEN

Solitude Mountain Resort
Opening Date: December 2, 2016

Deer Valley Resort
Opening Date: December 3, 2016

Park City Resort
OPEN

Sundance Resort
Opening Date: December 9, 2016

Beaver Mountain
Opening Date: TBD

Powder Mountain
Opening Date: December 1, 2016

Snowbasin
Opening Date: December 1, 2016

Nordic Valley
Opening Date: December 10, 2016

Cherry Peak
Opening Date: TBD

Central and Southern Utah Resorts

Brian Head Resort
OPEN

Eagle Point
Opening Date: December 17, 2016

Deer Valley Music Festival Highlights!

Typically when we talk about how Summit Sotheby’s International Realty and our agents are different than the competition, we talk about market share, significant sales, and global brand power…

The truth is, one of the biggest differences is our connection to our community, our clients, and our friends. Last weekend, the Summit Sotheby’s International Realty family all came together to enjoy a night out, under the stars at The Deer Valley Music Festival. Agents invited their clients, family, and friends, and our staff rallied together to treat our guest to a VIP experience of all VIP experiences.

Guests were greeted by huge smiles and a VIP experience that included a catered dinner,
Summit Sotheby’s International Realty swag, wine and spirits, and of course, music of the great David Bowie, presented by the Utah Symphony Orchestra.

We hope you enjoy the pictures and we will see you at our next event, cheering on the Tour of Utah athletes from our 625 Main Street office.

8 Essentials for a Profitable Park City Vacation Rental

Artsy, historical, gastronomical and adventurous—Park City has many draws for locals and visitors alike, which is what makes it such a fantastic and often lucrative place for vacation rentals. Nevertheless, the vacation market is fickle so we’ve consulted our own Mary Ciminelli, a Summit Sotheby’s International REALTOR® in Park City. She is an expert in income properties, and has supplemented her real estate expertise by studying investment analysis for rental income properties. Mary also owns and operates a nightly vacation rental property management company, which gives her an intimate understanding of the rental market in Park City and Deer Valley.

So, what are the essentials for a profitable vacation rental?

Bank on the nearby slopes.

When in Park City, Mary suggests starting with the slopes. Start out by choosing a property very close to at least one of the three ski resorts in Park City, and if you can find a ski-in ski-out property, even better.

Choose a property close to downtown.

A property both close to downtown and the resorts provides an assortment of activities that will likely lengthen the stay of your renters. Proximity to downtown and Main Street is even more important in the off-season – when the powder is no longer a draw. Walking distance is ideal. However, the next best thing is nearness to Park City’s free bus system.

Choose something modern and spacious.

Park City hotels effortlessly merge luxury with sport. A vacation rental must be updated and include similar amenities in order to compete with these powerhouses. Features such as a great view, hot tub, pool, fireplace and a large number of bedrooms will set you apart from the rest and allow you to increase your rental price.

Compare apples to apples before you buy.

Find out past rental income figures if you can. If this isn’t an option compare your potential property to others in the area with a similar number of beds/baths, finish level and proximity to the slopes and Main Street. Don’t forget to factor in the hot tub.

Know your HOA.

Some HOA properties are not renter friendly, do your research and make sure there are no rental restrictions. HOA fees will vary, so find out exactly what exactly is covered.

Choose a property management company wisely.

Compare the price of different property management companies before you buy because this number will affect your net rental income. Focus on a company that has a small amount of properties to manage, one-on-one personal service with both owners and guests and will market your property well, which a vital element to maintaining profitability.

Figure out your true rental Income.

Once you know what your maintenance fee covers, factor in utilities, insurance, taxes and HOA fees. Consult with your accountant about the advantages of depreciation and eligibility for a 1031 exchange. Having an idea of your potential rental income is a vital when negotiating a purchase price.

Realize your rental income will vary.

The income of your Park City vacation rental is subject to all kinds of things, from the season, to ski conditions, to the current economy and flight costs just to name a few. Your budget when buying should allow for that flexibility.

If you are interested in purchasing an income property in Park City you can start by contacting our Park City real estate office. Or, browse our current listings. Summit Sotheby’s International Realty is the exclusive Sotheby’s International Realty Company for the state of Utah. We have 7 offices and over 100 brokers and support staff associates serving some of Utah’s best-known luxury markets including; Park City, Deer Valley, Heber, Midway, St. George and metropolitan Salt Lake City.   

About Mary Ciminelli

Mary Ciminelli is a top-ranked real estate agent at Summit Sotheby’s International Realty in Park City. Mary’s primary focus is investment and rental properties in the areas close to the Deer Valley and Park City ski resorts. She also has extensive knowledge of the Park City single-family home, vacant land and ranch markets. 

Resort Markets Rebound

A look at the Rockies, the Intermountain West, the Southwest, shows that second-home locales are making their comeback.

As many prime markets moved into full recovery mode in early 2012, most resort properties had yet to see the spark of a turnaround. Today, that’s changed. Park City had $1,240,542,783 in sales volume (up 15% from 2011) and 1,816 sales (up 9%).

Clearly, buyers have returned with new priorities, which might be the clearest indication that there really is a new normal. Instead of ski-in, ski-out condos, Benson sees buyers gravitating toward larger properties with more land and opportunities for a broader range of experiences and activities.

The switch to lifestyle properties is changing resort markets all over the West. “People are buying fewer properties with the intention of using them more,” observes Benson. And rather than a $2 million or $4 million condo, many affluent consumers would rather put their money into a $6 million or $8 million ranch. “Coming out of the recession, people have accumulated wealth and they are feeling comfortable putting that wealth into large properties. Now it looks safer than parkingmoney in the stockmarket. Family lifestyle and experience became more important than it ever was. They want their kids to experience snowmobiling, fishing and horseback riding,” observes Benson.”

View full issue at http://ncidigitalmedia.com/publication/?i=166896

Utah Ranked Top Five In Best Value Ski Destinations

Salt Lake area ski resorts are some of the most affordable ski destinations out there. It’s quite a bargain when stacked up against 25 other ski towns. According to tripadvisor.com’s list of ski destinations with the best value, Salt Lake City, Utah, ranks one of the top five.

“Utah in general is affordable, but Solitude, I think, lands right up at the top,” Harry Hornberger, VP of operations at Solitude Mountain Resort says. He says he isn’t surprised to see the four resorts of Big and Little Cottonwood Canyon spotlighted as the biggest bang for your buck.

The rankings were determined by averaging ski trip day expenditures, including lift tickets, ski rentals, a night at a hotel and meals. In Salt Lake that came to an average of $245.

Best value ski destinations in North America

1 » Durango, Colo.

2 » Bend, Ore.

3 » Taos, N.M.

4 » Salt Lake City

5 » North Conway, N.H.

6 » Whitefish, Mont.

7 » Kingfield, Maine

8 » Sun Valley, Idaho

9 » Jackson Hole, Wyo.

10 » Banff, Canada

Source » Tripadvisor