Contemporary Homes Blog

How To Make The Move To Park City, Utah

By Joel Fine
Sep 17, 2018

How To Make The Move To Park City, Utah

Rob Reed

Deer Valley Resort (left) and Park City Mountain Resort (right)PARK CITY CHAMBER/BUREAU

It took me the better part of a decade to make it happen. But I had a vision. I had a goal: to leave the city and get my family to the mountains. After nine years of subtle suggestions and outright machinations, we did it. We moved from Los Angeles to Park City, Utah.

Of course, uprooting your family and moving from an urban center, where you probably have family roots and a career or business network built over many years, is no easy decision. If you value the mountain lifestyle, though, it's well worth the effort to explore the idea.

The Montage Deer Valley in the winterMONTAGE DEER VALLEY

The following is a three-step guide to making it happen.

1. Take Some Vacations

Before you even broach the topic with your family, plan a couple vacations to Park City. See what it's like to live there for a week or so, while you ski, bike, golf or just relax by the pool. My approach included both winter and summer trips. Leaving nothing to chance, we stayed at the superb Montage Deer Valley each time.

MORE FROM FORBES

Deer Valley overlooking the Jordanelle ReservoirDEER VALLEY RESORT

During the winter, the Montage is a premium ski-in/ski-out experience, where valets help with your boots in the morning and literally take them off your feet at the end of the day. From the hotel's Compass Sports ski shop, it's just a few steps to Deer Valley's Empire, Ruby, and Lady Morgan lifts with terrain for all abilities.

Like the setting of a grand European castleMONTAGE DEER VALLEY

It's quieter in the summer but every bit as beautiful. Kids five to 12 will enjoy the Paintbox "day camp" program (seriously, they will) while adults can golf, mountain bike or enjoy the spa. The downstairs Daly's Pub includes a bowling alley, and the burger at Burgers & Bourbon is perhaps the best I've ever had. And then there are fine dining options at the Apex steakhouse and Yama Sushi, both exceptional. If not for the free shuttle that will take you most anywhere in town and then pick you up, there'd be little motivation to leave.

These vacations are valuable in and of themselves. But they can also be a subtle message to your family: this is what it's like to live in Park City (even if the Montage is a slight exaggeration).

Fall in Utah's Wasatch MountainsPARK CITY CHAMBER/BUREAU

2. Live in Park City for One Year

After much negotiation, my wife and I agreed on a 12-month trial. As a Pacific Palisades native, she'd never experienced a proper winter. And neither of us knew for sure if the kids would like it — but, again, what's not to like? The plan was to rent a house for a year, starting and ending in the summer. If we didn't love it, we could move back to LA.

Ski slopes in the summerDEER VALLEY RESORT

We took advantage of our final ski vacation, which was during the kids' spring break, to visit the neighborhoods and elementary schools of Park City while the kids were in ski school. Once we identified the right combination of the two — Jeremy Ranch and Trailside were our top picks — we started to monitor for rental homes. Leases will typically run June to June due to seasonality and the school year. It's rare to find an unfurnished house for rent, which is convenient if you want to rent your house while exploring the Park City life for a year.

After a few months of the trial, my wife and kids were sold. We bought a house less than a year later. Now, after more than two years, it's impossible for us to imagine living anywhere else. Park City, Utah, is home.

3. Buy a Vacation Property

If you can't swing a full move, then a vacation property gets you part way there. As I've noticed, this starts with spending a few weeks and then a couple months each year in Park City. Eventually, the vacation home becomes permanent.

For golfers, there are three communities worth considering.

Golfing at 7,000 feetPARK MEADOWS

Park Meadows Country Club is the oldest among them and closest to downtown. The clubhouse recently underwent a complete renovation, and the course is a Jack Nicklaus design. A partnership with Chateau Deer Valleyprovides ski benefits including indoor parking, ski storage, and use of the spa facilities.

Glenwild is a mix of seasonal and full-time residentsGLENWILD

Glenwild is outside of town in a secluded valley on the other side of I-80. The course is a Tom Fazio design, recognized by Golf Digest as the best in Utah. Facilities include a restaurant, spa, gym and outdoor pool, which is open year-round. Among the three clubs, Glenwild has the best hiking and mountain biking trails within the actual property. And it's the only one that counts the Michael Jordan as a resident member.

A beach club in the mountainsPROMONTORY

Promontory is the biggest community with two golf courses designed by Jack Nicklaus and Pete Dye respectively. It also has a man-made beach and lake that supports swimming, paddleboarding, and kayaking. The Promontory Club at Deer Valley, adjacent to Silver Lake Lodge, provides a private ski lounge for members and a shuttle to and from the mountain.

Deer Valley is one of many summer music venuesDEER VALLEY RESORT

What Are the Downsides to Living in Park City? 

For those who like to recreate and enjoy the outdoors throughout all four seasons, Park City is nothing short of paradise. It has the conveniences of a big city without the pollution, traffic and crime. It has the luxuries of a mountain town without the isolation, limited services and having everyone in your business. Nevertheless, there are downsides.

First, be prepared for some athletic humility. If Los Angeles and New York City are known for beautiful people, Park City is known for fit people. You can't go to a summer BBQ without meeting an Olympian in this town. Seriously, the medal count rivals most countries. So you'll need to recalibrate your expectations...or significantly elevate your game.

Next, injury and recovery are a way of life. I made it all of 18 months before breaking my leg skiing. Another friend broke his collar bone mountain biking inside of 12 months. Both required surgery. Fortunately, the Olympian community means Park City has some of the best orthopedic surgeons and physical therapists in the world. The wall of fame at Rosenberg, Cooley, Metcalf is a who's who of winter sports athletes and their injuries.

Other than that, it's tough to think of any reason not to live in Park City, Utah.

For more Park City Utah information contact Joel Fine Realtor, Berkshire Hathaway HomeServices 435-901-2171 www.joelfine.com    Joel@FineProperty.com

10 Reasons To Live (The Dream) In Park City, Utah

By Joel Fine
Aug 27, 2018

19,105 viewsAug 20, 2018, 11:22am

10 Reasons To Live (The Dream) In Park City, Utah

Rob Reed

Historic Main StreetPARK CITY CHAMBER/BUREAU

"Quality of life."

That's the short answer to why we moved from Los Angeles to Park City, Utah, in 2016.

The long answer is that I wanted my kids to grow up in a small community, ideally a ski town. I also wanted them to go to quality public schools, to have a range of winter sports available to them and to experience all four seasons. Selfishly, I wanted to ski up to 100 days per year and live within a sprawling network of mountain biking trails. Bottom line, though, I wanted to reduce my living costs and have a house big enough to host a large family and store all my toys.

In other words: quality of life.

Why would someone want to move to Park City, Utah? The answer to this should be self evident. But since you asked, here are 10 good reasons:

Deer Valley Resort in its entiretyDEER VALLEY RESORT

1. Some of the Best Ski Resorts in the World: At 7,000 feet above sea level, Park City has a year-round population of about 25,000 and is home to two ski resorts: Deer Valley Resort and Park City Mountain Resort. The former was voted the #1 ski resort in North America by SKI Magazine(2018) and is exclusive to skiers. The latter has the most skiable terrain (7,300 acres) in the United States and is open to snowboarders.

The Greatest Snow on EarthPARK CITY CHAMBER/BUREAU

2. More Amazing Ski Resorts: There are many more world-class ski resorts within an hour's drive: AltaSnowbirdBrightonSolitudeSnowbasin, and Powder Mountain to name a few. Not to mention Powderbird Helicopter Skiing, which picks up in town.

Just your local Olympic training centerPARK CITY CHAMBER/BUREAU

3. Education: The public school system is the best in the state, and Park City High School ranks in the top 2% nationally. Park City public schools let out at 12:30pm on Fridays so students can go skiing or participate in other sports. There is also Winter Sports School, a charter high school that operates on a reverse schedule to accommodate winter competition and travel. If private school is preferred, Park City Day School goes from kindergarten to eighth grade and has been under the leadership of Ian Crossland for the past year.

A 45-minute drive from Salt Lake but a world awayPARK CITY CHAMBER/BUREAU

4. Convenience: Salt Lake City International Airport is a 30- to 45-minute drive from town (no traffic), from where a flight to LA or San Francisco is about 1.5 hours. To accommodate growth, the Utah Department of Transportation has been widening highways, resurfacing roads and expanding traffic circles on a huge scale this year, all of which is well ahead of any congestion issues.

Putting the slopes in Silicon SlopesPARK CITY CHAMBER/BUREAU

5. Business Opportunities: The Beehive state is booming. The Salt Lake/Provo/Park City triangle, dubbed Silicon Slopes, is an emerging tech powerhouse. This is supported by two universities (the University of Utah and BYU) as well as big tech companies (Adobe, Microsoft) and several startup unicorns (Banjo, Domo, Qualtrics).

We've got your water sportsPARK CITY CHAMBER/BUREAU

6. All Four Seasons: Summers are actually better than winters. High temperatures average about 80 degrees F with low humidity. In early June, the aspen trees and wild flowers explode into bloom. Soon the mountainous landscape becomes a tapestry of rich greens that seem to glow as the sun sets after 9:00 pm on the summer solstice. Just 25 minutes away is the Jordanelle Reservoir, which supports boating, paddleboarding, wake surfing, fishing or just relaxing on a pontoon boat for the day. Lest I forget, Park City is home to seven golf courses.

A mountain biking playgroundPARK CITY CHAMBER/BUREAU

7. Mountain Biking: Park City holds the distinction of being the very first Gold Level Ride Center, deemed as such by the International Mountain Bike Association (IMBA). "It all stems from a commitment to master planning," says IMBA's VP of Programs, James Clark. "The sheer miles of trails are fantastic, but what’s important is that they function as a cohesive network, with signage and trail connections that create a model riding area." That network includes nearly 500 miles of singletrack trails that appeal to all ability levels. Plus, Deer Valley runs the lifts for mountain biking and is continually building trails to expand its world-class bike park.

Park City Municipal Golf CoursePARK CITY CHAMBER/BUREAU

8. Cost of Living: Moving from high-tax states like New York and California can reduce living costs substantially, especially given new tax laws. According to TaxFoundation.org, Utah ranks middle of the pack nationally (25th) for state income taxes with a maximum rate of 5%. For combined sales tax, Utah is 29th at 6.77%. As for property taxes, the Beehive State is 40th at an average of 0.65%. However, the property tax rate in Summit County (Park City) is only 0.463%. According to some back-of-the-napkin math, you'll get three- to four-times as much house for the money compared to LA's West Side. And property values appreciated 9.9% annually as of Q1, which ranks fifth in the country according to the FHFA.

Ski right into downtown and then go back up on the Town LiftPARK CITY CHAMBER/BUREAU

9. The State of Utah: Park City is one of many gems in a state full of natural riches. Utah is home to five of the premier National Parks: Zion, Bryce Canyon, Arches, Canyonlands, and Capital Reef — all within a few hours drive time. Renowned mountain biking and off-roading destination, Moab, Utah, is a five-hour drive and also offers access to rafting on the Colorado River. A little further and you can be in The Grand Canyon, Grand Teton, and Yellowstone National Parks.

Live music in the summer is available pretty much every nightPARK CITY CHAMBER/BUREAU

10. All About the Community: When you move to Park City and meet someone who lives in Park City, it's something very powerful you have in common. More than likely you're both here for these 10 reasons and many others. There's an immediate bond. Our next-door neighbors hosted a welcome-to-Park-City party three days after we arrived and invited the surrounding neighbors. I can send a group text to locate my kids in the neighborhood and have them sent home. My wife has made lifelong friends at Park City's premier workout studio/social club, Beau Collective, through a shared passion for fitness. This is partly because the majority of Park City residents are transplants from California, Ohio, Michigan, Texas, Washington and all parts Back East. And since we all moved here for about the same reasons, it creates a community fabric that is woven together with a combination of Lycra, Gore-Tex, carbon fiber and a profound sense of joy and gratitude.

10 Things Sellers Should Do The Minute Their Home Goes On The Market

By Joel Fine
Nov 13, 2017

 

1. Adopting The Right Mindset When you put your home on the market you are no longer the home owner, you are the home seller. Sellers must adopt the mindset of the buyer and see the home through a buyer’s eyes.

2. Accommodate Every Showing The perfect buyer could show up at any minute and the more potential buyers who see the home, the better! Some buyers can't and won't reschedule to see your house so try your best to make every showing work.

3. Stay ‘Show Worthy’ The cleaning and tidying up never ends when selling a home. All signs of normal life have to go; this includes kids' toys, items on the counter, and even family photos. Potential buyers need to be able to imagine the house as their own home.

4. Tone Down The Kids’ Rooms It's important to minimize the superhero and princess decor. Bright colored walls, posters, stuffed animals, and even a baby room that is too “precious” can hurt. Keep decor and furnishings as minimal and neutral as possible when selling your home.

5. Turn On The Lights This may sound like a no brainer but buyers decide within 30 seconds if they like a house. Even if you are at work all day, leave plenty of lights on; the cost is low and it could make or break the sale.

6. Turn On The Heat Or AC If you’ve got it, flaunt it. On a hot summer day, the air conditioning might be the feature that gets the buyers to make an offer; and in the winter, a cozy, warm home could do the same.

7. Invite The Neighbors If your agent hosts an open house, the neighbors will come. There's a reason they call them "nosey," but the good news is there's a chance they might know the perfect buyer...so invite them in!

8. Keep Your Stuff Safe It's VERY rare for items to be stolen at a showing or open house, but it can happen. Err on the side of caution and but your valuables, prescriptions, etc in a safe and hidden location.

9. Minimize Risk People can be clumsy. When your house is on the market: get rid of tripping hazards, make sure flooring is not loose or uneven, mark “half steps” that are hard to see with tape or a shiny indicator, use mats or towels when it rains, and shovel ice and snow.

10. Make Yourself Scarce There's a reason you hired your agent. Let them handle the showings and open houses and make yourself scarce. Innocent questions from potential buyers can cost you in the long run. If they ask, “Who cleans your chimney?” you’ll have to admit that you haven’t had it cleaned in the last 10 years. Chatting with buyers is more likely to hurt than help you sell your home.

For more tips reach out to me at 435-901-2171

Park City, Utah 3rd Quarter Real Estate Statistics

By Joel Fine
Oct 27, 2017

October 20, 2017 – The Park City Board of REALTORS® has released year over year quarterly statistics for Summit and Wasatch Counties. The overall real estate market continues to be healthy, stable, and growing at sustainable rates.

The number of single family market transactions and the median sales price grew at 7% and 7% respectively over the past year. The bulk of these sales occurred outside the Park City Limits as buyers searched for properties that fit their lifestyle and budget. The condominium market transactions and median sales price grew at 10% and 10% respectively over the past year. These sales were spread more evenly across the Summit and Wasatch markets.

Sara Werbelow, President of the Park City Board of REALTORS® commented, “The real estate market is solid. We have sufficient inventory to meet our client’s needs. Prices do continue to escalate, but at a reasonable pace.”

Remember that these are overall statistics and are simply a snapshot at a moment in time and may not be representative of long-term trends. The Summit and Wasatch markets are composed of numerous diverse micromarkets. More granular statistics are shown below. Buyers and sellers are encouraged to contact a member of the Park City Board of REALTORS® to find answers to specific real estate related inquiries and fully understand trends in the overall market and specific areas of interest.

Year-Over-Year Single Family Home Sales

? The number of sales inside the Park City Limits increased by 12% and median price increased 18%. Highlights:

o Park Meadows sales increased 15% and median price increased 21%.

o Old town sales increased 15% and median price increased 11%.

o Lower Deer Valley sales decreased 19% but median sales price increased 8%.

? Snyderville Basin sales increased 9% and median sales price increased 2%. Highlights:

o Sales in The Canyons increased 14% and but median price decreased 26%.

o Sales in the Silver Springs area decreased 6% but median price increased 4%.

o Pinebrook sales were flat but median sales price increased 13%.

o Jeremy Ranch sales increased 27% and median sales price increased 5%.

o Promontory Sales increased 13% and median sales price decreased 12%.

? Jordanelle sales increased 15% and median price increased 34%.

? Heber Valley sales decreased 9% and the median price increased 4%.

? Kamas Valley sales increased 32% and the median price decreased 5%. Highlights:

o Kamas and Marion sales increased 135% and median price increased 7%.

o Oakley and Weber Canyon sales increased 5% and median price decreased 10%.

? Wanship, Hoytsville, Coalville, Echo, & Henefer sales increased 54% and median price increased 17%.

Year-Over-Year Condominium Sales

? Sales inside Park City Limits increased 28% and the median price increased 21%. Highlights:

o Old Town sales increased 28% and the median price increased 9%.

o Lower Deer Valley sales increased 7% and the median price dipped 3%.

o Prospector sales decreased 4% and the median price dropped 3%.

? Snyderville Basin sales decreased 9% and the median price increased 6%. Highlights:

o The Canyons sales decreased 13% and the median price dipped 1%.

o Kimball sales increased 6% and the median price increased 10%.

o Pinebrook sales decreased 16% and the median price increased 3%.

? Jordanelle sales increased 17% and the median price dropped 5%.

? Heber Valley sales increased 10% and the median price increased 21%. Conclusions: Clearly each micro-market has its own character and story. Simply reviewing the numbers is not sufficient to understand the big picture. Individual markets can be influenced by a number of factors including specific sales that can skew the statistics. In addition, amenities, property condition, location, and new construction impact the numbers. The only sure way to fully understand the local real estate market is to contact a member of the Park City Board of REALTORS®.

The best time to buy... everything!

By Joel Fine
May 16, 2017


Just as supply and demand controls the housing market, it also dictates the pricing of virtually all consumer goods and services.

Believe it or not, there’s actually a “best” month to purchase almost anything!

So I thought I’d share the list of the best months to buy certain items...

January - Fitness equipment, Cruises, Furniture May - Mattresses June - Gym memberships, Alaskan cruises, Tools September - Cars, Holiday travel plane tickets November - Electronics (Black Friday deals!) December - Wedding dresses, continued savings on toys and electronics

Want to see what to buy in other months? Here’s the full list.

Regards,

P.S. The best month of the year to list your home is May. According to a Zillow study, on average homes listed between May 1-15 sold 15% faster and for 1% more than other homes.

As always, if you’re thinking about selling your home this spring, I’d be happy to help. :)

These are the best cities for a fresh start

By RealCove
Apr 30, 2018

If you’ve ever had to move to another city for a job, you’ll know just how difficult relocating your life can be.

But some parts of the country may be better suited for a fresh start — places like Buffalo, New York; Minneapolis; Salt Lake City; and Austin, Texas; are among some of the most receptive, a new study by online lending exchange LendingTree indicates.  Read more on inman.com >

Red Butte Concert Series

By RealCove
Apr 17, 2018

Concert season is upon us, here is Red Butte's Concert Series line up for 2018 > 

These are the states with the highest paid millennials

By RealCove
Apr 17, 2018

Are you a millennial? Looking for a new place to live? Well, you may want to consider the following cities.

Personal finance site WalletHub put together an analysis of the top cities for millennials (Pew Research Center defines millennials as being born from 1981 to 1996) based on rankings that didn’t include which cities have the best avocado toast or the most Instagrammable neon signs.

The study looked at job earnings, unemployment rates, voter-turnout rate and affordability (the cost of a Starbucks latte was factored in) as well as education and health. So which states got the best ratings?  Read more on theladders.com > 

Here is the best place to live in Utah

By RealCove
Apr 17, 2018

A new report from Niche, which ranks the best and worst places to live across the country, identified the Greater Avenues neighborhood as the No. 1 spot to live in the Beehive State.

Park City finished second on the list, followed by Yalecrest (located on the east bench of Salt Lake City), Kaysville and North Logan.  Read more at deseretnews.com >

A Quick Guide to Home Buying

By RealCove
Apr 17, 2018

A great article in Rismedia about Home Buying >

 
 
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