The Deer Valley, Utah Market Absorption Rate Snapshot – August 1, 2013

By Jim Barth
Aug 27, 2013

Deer Valley real estate absorption rate snapshotWe have compiled our “Absorption Rate Snapshot” for the Deer Valley Resort real estate market as of August 1, 2013.  As we report monthly, below you will find the highlights of this analysis.  We compile these numbers on a monthly basis looking for trends and the trends, for the most part, continue to show market improvement.

When we refer to the overall Deer Valley Resort real estate market below, we are including the following submarkets: (i) Lower Deer Valley, (ii) Upper Deer Valley, (iii) Empire Pass and (iv) Deer Crest. We compile inventory statistics for each of these submarkets as well as the overall Deer Valley market, so if you would like more specific submarket information, please let us know.

Single Family Homes: As of August 1, 2013, there were 69 current active listings in the overall Deer Valley single family home real estate market, 2 under contract and 38 homes that have closed escrow in the past 12 months.  This represents 22 months’ supply of available single family residential inventory.

Condominiums:  There are currently 129 active listings in the overall Deer Valley condominium real estate market, 12 under contract and 112 condominiums that have closed escrow in the past 12 months.  This represents 15 months of available inventory. 

Although these numbers continue to reflect an overall buyer’s market for the Deer Valley Resort real estate market, the yearly trend does continue its steady movement back toward market equilibrium.

Deer Valley Resort Announces Major Expansion

By Jim Barth
Jun 17, 2013

Sign to Mayflower Lift at Deer ValleyThis morning, Bob Wheaton, President and General Manager of Deer Valley Resort, announced that Deer Valley has made official application to Wasatch County for purposes of expanding the resort into the Mayflower area of Deer Valley.  While the idea of this type of expansion has floated around town for over the past twenty years, it was always stymied due to lack of cooperation of the various partners involved in the project.  Those roadblocks now appear to have been removed.

The very preliminary concept would be to install three to four new lifts to the south of the existing Mayflower Lift, with access to the entire ridge (known as Dutch Ridge) south of Deer Valley’s existing terrain.  This would provide for some excellent skiing for all skill levels with north facing aspects.  Residential development in the form of condominiums and home sites are also included in the proposal. In addition, this new lift system would provide access directly to the top of Bald Mountain from this area, eliminating the need to ski through Snow Park as is currently the case. 

Please give us a call if you would like further information.  We will continue to update our clients of the proposal as it moves through the approval process.

Deer Valley Summer Season Opened Today

By Jim Barth
Jun 14, 2013

Summer photo at Deer ValleyWe just enjoyed a wonderful hike at Deer Valley Resort, which officially opened today for the summer season. As in past seasons, Deer Valley is operating three chairlifts, serving hikers and bikers at Snow Park, Silver Lake and Empire Pass.

According to communications manager, Emily Summers, Deer Valley has “60 miles of maintained trails.”  Some of these trails are designated as “hiking only,” but most have dual uses. Deer Valley operates a full-service bike school throughout the summer.

Additionally, Deer Valley offers other ways to get acquainted with the mountain.  The historical society conducts free guided hikes the second Sunday of every month through October, and one can also hire a mountain guide any day of the week.

In the evenings at Deer Valley, the music begins.  The resort will be offering free Wednesday night concerts featuring local bands.  Weekends will be showcasing musical acts from all across the country.  Please click here for more information.

Also, if residents or visitors need a place to drop off their children for a day, a week, a month or even the whole summer, Deer Valley offers a day camp throughout the summer.  According to Summers, “it’s a day camp, and you can do a per-day rate, so it’s good for people who are visiting.”

Deer Valley’s summer operations will run until Labor Day, September 2.

Deer Valley Resort’s 2013 Summer Concert Lineup

By Nancy Barth
Jun 11, 2013

Deer Valley Resort Snowpark Outside AmphitheaterNow that summer is here, it’s time to enjoy Deer Valley Resort’s Snow Park Outdoor Amphitheater 2013 summer concerts.  The breathtaking venue features concerts by both local and world famous artists.  This year’s lineup includes:

June 19: Grand Valley Bank Community Concert Series presents ~ Sideshow Ramblers

June 26: Grand Valley Bank Community Concert Series presents ~ Sin City Soul

June 29: Deer Valley Music Festival presents ~ 1812 Overture!

July 3:    Grand Valley Bank Community Concert Series presents ~ Holy Water Buffalo

July 4:    St. Regis Big Stars, Bright Nights Outdoor Concert Series presents ~ Los Lobos, Los Lonely Boys and Alejandro Escovedo

July 6:   Deer Valley Music Festival presents ~ Take Me Home: The Music of John Denver

July 10: Grand Valley Bank Community Concert Series presents ~ Motherlode Canyon Band

July 12:  Deer Valley Music Festival presents ~ Bravo Broadway: Wicked Divas

July 13:  Deer Valley Music Festival presents ~ Arturo Sandoval with the Utah Symphony

July 15:  St. Regis Big Stars, Bright Nights Outdoor Concert Series presents ~ Bruce Hornsby & the Noisemakers, Railroad Earth

July 17: Grand Valley Bank Community Concert Series presents ~ Joy & Eric

July 19: Deer Valley Music Festival presents ~ Steve Martin and the Steep Canyon Rangers featuring Edie Brickell with the Utah Symphony

July 20: Deer Valley Music Festival presents ~ Indigo Girls with the Utah Symphony

July 30: St. Regis Big Stars, Bright Nights Outdoor Concert Series presents ~ Natalie Maines

July 31:  Grand Valley Bank Community Concert Series presents ~ Lash Larue

Aug 2:     Deer Valley Music Festival presents ~ Bond and Beyond

Aug 3:     Deer Valley Music Festival presents ~ Mandy Patinkin with the Utah Symphony

Aug 4:    St. Regis Big Stars, Bright Nights Outdoor Concert Series presents ~ Darlene Love & Muscle Shoals Live

Aug 7:    Grand Valley Bank Community Concert Series presents~ The PATWA Reggae Band

Aug 9:     Deer Valley Music Festival presents ~ Utah Opera in the Open Air

Aug 10:  Deer Valley Music Festival presents ~ The Music of the Rolling Stones with the Utah Symphony

Aug 14:   Grand Valley Bank Community Concert Series presents ~ Sophia Dion Band

Aug 17:  St. Regis Big Stars, Bright Nights Outdoor Concert Series presents ~ Lyle Lovett and His Large Band

Aug 21:  Grand Valley Bank Community Concert Series presents ~ Stonefed

Aug 24:  St. Regis Big Stars, Bright Nights Outdoor Concert Series presents ~ Jewel

Aug 28:  Grand Valley Bank Community Concert Series presents ~ Marinade

Aug 31:  St. Regis Big Stars, Bright Nights Outdoor Concert Series presents ~ OneRepublic with Sara Bareilles and Churchill                                                                                                                       

For more information about the Snow Park Outdoor Amphitheater and concerts, please visit the Deer Valley Resort website.

Empire Pass 2013 Monthly Market Update

By Nancy Barth
May 23, 2013

Empire Pass Deer ValleyJim Barth & Associates, through Summit Sotheby’s International Realty, now offers you market video Deer Valley real estate updates that provide market trends based on current and historical data from the Park City Board of Realtors.  The Deer Valley monthly market updates are segmented by area and type of property.

To view information about both single family homes and condominiums in the Empire Pass neighborhood in Deer Valley, Utah, please click the following links:

Empire Pass Single Family Homes.

Empire Pass Condominiums.

For more in-depth analysis and thorough property evaluation, please contact us at 435-901-3050.

Deer Crest 2013 Monthly Market Update

By Nancy Barth
May 17, 2013

Picture of Deer Crest in Deer ValleyJim Barth & Associates, through Summit Sotheby’s International Realty, now offers you market video Deer Valley real estate updates that provide market trends based on current and historical data from the Park City Board of Realtors.  The Deer Valley monthly market updates are segmented by area and type of property.

To view information about both single family homes and condominiums in the Deer Crest neighborhood in Deer Valley, Utah, please click the following links:

Deer Crest Single Family Homes.

Deer Crest Condominiums.

For more in-depth analysis and thorough property evaluation, please contact us at 435-901-3050.

Stein Eriksen Lodge Deer Valley Invests $5M

By Nancy Barth
Apr 19, 2013

Picture of the Stein Eriksen Lodge at Deer Valley UtahStein Eriksen Lodge Deer Valley is constructing a brand new ballroom in one of its largest expansion in more than three years.  The construction is already well underway and the luxury resort plans to open the new ballroom in May.

This project is the first meeting-space expansion since the 2002 Winter Olympics.  The lodge is doubling its meeting space and enclosing a larger portion of the space for guests. 

“We are fortunate to have such amazing views of Flagstaff and Empire,” said Sarah Myers, the Marketing and Public Relations Director for Stein Eriksen Lodge Deer Valley, “and that’s what you would have as a backdrop to meetings and events here.  This was a need in the area, and it doubles our conference space.”

The new ballroom will seat 500 guests, making it one of the largest meeting spaces in Park City.  An entire wall made of retractable glass will open onto an additional 3,700 square feet of outside terraces.

Costs for this project are estimated to be more than $5 million.

The 2013 Deer Valley Music Festival Schedule

By Nancy Barth
Mar 29, 2013

Deer Valley Snowpark Outside AmphitheatreThe Deer Valley Music Festival, which will be celebrating its 10th anniversary this summer, has announced an exciting line-up for the 2013 season. The Deer Valley Music Festival is Utah Symphony | Utah Opera’s (USUO) summer home in the mountain resort town of Park City, Utah. The festival provides chamber music, classical, and pops offerings in several venues, including the Deer Valley Resort Snow Park Outdoor Amphitheater, St. Mary’s Church, Temple Har Shalom and salon events in private homes in the Park City area.

Highlights of this year’s festival include appearances by Arturo Sandoval, Steve Martin and the Indigo Girls, the music of John Denver and the Rolling Stones, and the 50 years’ celebration of James Bond movies.

Also, on July 5, 2013 the festival will be holding its 10th anniversary gala at Montage Deer Valley.  The Utah Symphony’s Tad Calcara and The New Deal Swing will start out the evening on the grand terrace, performing the best swing songs from the 1940s.  The main event of the evening will honor the Deer Valley Music Festival founders while enjoying a three course meal prepared by the Montage Deer Valley chefs. Performances by the Utah Symphony, Soprano Lisa Vroman and contemporary string trio Time for Three will be showcased during this celebration.

Below is the line-up for the 2013 season:

June 29 | 1812 Overture!

July 5 | 10th Anniversary Gala Celebration

July 6 | Take Me Home - The Music of John Denver

July 12 | Bravo Broadway: Wicked Divas

July 13 | Arturo Sandoval with the Utah Symphony

July 17 | Haydn, Mozart, & Schubert

July 19 | Steve Martin and the Steep Canyon Rangers Featuring Edie Brickell with the Utah Symphony

July 20 | Indigo Girls with the Utah Symphony

July 23 | Muir String Quartet

July 25 | French Favorites

July 31 | Mozart's "Prague" Symphony

August 1 | Skyros & Battery String Quartets

August 2 | Bond and Beyond

August 3 | Mandy Patinkin with the Utah Symphony

August 7 | Beethoven Symphony No. 1

August 9 | Utah Opera in the Open Air

August 10 The Music of the Rolling Stones

 For more information, please contact us or visit the Deer Valley Music Festival website.