Jordanelle

Deer Valley Condos: Current Sales Stats

August 9th, 2009 Categories: Deer Valley®, Dining & Entertainment, Jordanelle, Local Services, Real Estate, Statistics & Trends

We just received a great question from one of our subscribers, who asked…

“How does current inventory and list prices of Deer Valley condos compare to the last 5 years?”

Quick answer: Inventory is increasing, and average sales prices are dropping. Not surprising, based on national real estate trends.

It’s interesting to note that prices of ski-in/ski-out condos are holding their value better than Deer Valley condos with less convenient ski access.

Average sales prices of ski-in/ski-out condos have re-traced back to 2006 levels, whereas Deer Valley condos without ski-in/ski-out access have dropped back to 2004-05 levels.

Why do we see this divergence in the sales numbers?

Deer Valley Condo Sales

Deer Valley Condo Graph

Are Deer Valley Condos with Ski Access Better Investments?

Time will tell…

Lending probably plays a big role. Cautions lenders have reduced maximum loan amounts, increased documentation requirements, and have generally made condo financing more difficult and more expensive than it was during the real estate boom of 2004-2007 in Park City & Deer Valley.

Today’s purchasers of new luxury condo in Empire Pass, Grand Lodge, Flagstaff, Silver Strike Lodge, Ironwood, and others may still have the resources to pay cash for their purchases.

Buyers of less-expensive resale condos in Lower Deer Valley may be more reliant upon financing for a portion of the purchase price.

Deer Valley Condo Market: The Influence of Financing Changes

Number of Deer Valley Condos Sold As it has become more difficult and more expensive to obtain financing, fewer investors who qualify for loans are active in the current market.

This has caused an increase in inventory, decrease in prices, and we’re seeing fewer condos sold.

Don’t jump to the wrong conclusion when you see the YTD 2009 numbers.

We’ll have to revisit these stats at the year-end, after the long awaited St. Regis Resort & Residences condos close in October/November! That should contribute another 60 condo sales by year end, not to mention whatever other sales transpire between now and Jan 1st.

This is the Time to Get a Great Deal On A Condo In Deer Valley!

One big change in the recent statistics is the change in the list price to closed price ratio. For the first time in 8 years, the ratio dropped below 90%!

True, there’s less new construction reflected in the 2009 sales numbers. Over the past few years, it wasn’t uncommon for sales prices to be 100% of list price for new construction properties.

But still, there’s no denying that there are plenty of motivated sellers in today’s marketplace.

Are you serious about finding a great deal and taking advantage of a motivated seller in today’s market? We can help! Let us know what you’re looking for:

Tuhaye Homes: Park City Utah’s Most Exclusive Golf Retreats

July 13th, 2008 Categories: Golf, Jordanelle

We don’t usually blog about individual properties, but sometimes we run across residences that are so remarkable, they deserve a little extra editorial press.

Are Tuhaye Homes the “Best of Breed?”

While some Park City private golf developments are facing big challanges in today’s volatile economic times…

Promontory’s Bankruptcy, for example…

Talisker’s Tuhaye community is coming to life.

The homes that have been completed in Tuhaye are gorgeous, and sales have continued while some other segments of the Park City Real Estate Market have stalled.

The first home in Tuhaye sold just over 1 year ago, for over $3.8 Million–not a bad starting point! One Tuhaye spec home went under contract a couple of weeks ago, and it hadn’t even been listed for sale…

A Strong Summer Season for Homes at Tuhaye?

It’s rare to find the right home, in a great neighborhood, with the right views, for the right price.

Are you looking for a gorgeous mountain residence in Park City & Deer Valley’s most exclusive gated golf community?

This stunning Tuhaye home (Offered at $2,650,000 through Prudential Utah Real Estate) is perched an elevated 1.12 acre corner lot, and features dramatic mountain vistas.

Tuhaye Views Forever…

Your views are preserved from Lot #30.

Future neighbors homes will be nestled far beneath your inspiring views.

You’ll love watching dramatic sunrises and sunsets over the spectacular Uinta Mountain peaks to the east.

Artful Architecture at Tuhaye

Designed and built by renowned local Park City firm Jaffa Design Group, this one-of-a-kind residence was completed in late 2007.

The layout makes efficient use of the 4100 square feet of finished living area. It’s not the largest home in Tuhaye, but you’re not paying for a bunch of extra space you don’t need.

Generous windows throughout the home capture the spirit of the magnificent natural setting.

Extensive use of natural stone, timbers, and copper accents give the home a sturdy and authentic feel.

Designed to function beautifully as either a primary residence or mountain getaway…

The home features plenty of storage and closet space, including built-in cabinetry throughout.

Main-Level Living ~ Easy to Get Groceries from the Car to the Kitchen

The floor plan features a pair of main-level bedroom suites, including the master. The other main floor bedroom suite features extensive built-in office cabinetry and makes an elegant study.

The rest of the main floor boasts a designer kitchen that’s built for serious entertaining, a dramatic great room with huge views, stone fireplace and hearth…

Plus a formal dining room, laundry/utility/gift wrapping room, and easy access to the outdoor living areas.

Guests & Family Fun Upstairs

Ascending to the loft area…

You’ll discover a flexible game room (could also be an office, library, or art/music area), a second family room with cozy fireplace, enveloping surround sound, and two additional bedroom suites.

The wet bar/refreshment area includes a Sub Zero refrigerator/freezer and a microwave.

The Finest Finishes

Finishes are luxurious and appropriate for the exclusive location:

Walnut and travertine marble floors on the main level exude luxury
Granite and onyx slab counters and accents
Custom Venetian plaster and faux paint add warmth and richness
Hunter Douglas wood blinds and tinted windows provide protection
Sophisticated Electronics and whole-home Audio/Video System
Lots of natural stone, and big timbers create an organic, authentic feel
Top-of-the-line appliances throughout the home
Fine fixtures, custom lighting, views from every room
Designer Furniture package available - price negotiable

Grand Chef’s Kitchen with Gorgeous Appliances!

The generously-appointed kitchen boasts custom built-in furniture-style cabinets that bookend a muscular 48″ Wolf dual fuel range with double oven, griddle, grill, and high capacity exhaust fan.

Custom Alder cabinet panels disguise the massive Sub Zero refrigerator / freezer.
A whisper-quiet Miele dishwasher, wine refrigerator, and instant hot and cold reverse osmosis water system are classy but essential mechanical touches
The kitchen décor is enhanced by a farmhouse style copper sink
Large island provides ample surface area for food prep and includes a copper vegetable sink
A large walk-in dry-storage pantry is discretely hidden behind custom cabinetry to the left of the refrigerator
Electrical outlets hidden behind cabinets doors & drawers keep counters tidy

Dining at Tuhaye: Formal and Friendly Options

Residents have diverse seating options for dining.

A large breakfast bar defines the kitchen area, and has seating for six.

For more elegant sit-down meals, a formal dining room is nearby, and showcases views of the Uinta Mountains and Tuhaye golf.

In summer-time, dine outdoors on the stamped concrete patio.

This Tuhaye Home Has Incredible Bathrooms

The bathrooms in this gorgeous Tuhaye residence don’t disappoint. Each bach is uniquely and artistically designed.

Each bath features designer hardware, thoughtful lighting, distinctive natural stone surfaces. Exquisite Granite and Onyx counters were chosen to match the unique color palates of each bathroom.

The Master bath is a sanctuary that features a Kohler air jet tub in master bath with striking Onyx surround and gorgeous walnut cabinets (see photo left).

A striking Onyx shower with multiple shower heads features two windows.

Master Suite is a Serene Sanctuary

Conveniently located on the main floor, you’ll find the master at the end of the home which creates plenty of privacy.

It’s just the right size, and easily accommodates a king bed in front of the fireplace.

An elevated floor-to-ceiling stone gas fireplace
A hearth-mounted LCD television tilts for easy viewing
The huge master closet features built-in drawers, hampers, and plenty of hanger space so your wardrobe stays tidy
Convenient walk-out access to hot tub just around the corner on the patio
Vaulted Ceilings

Ski-Prep Room Defies Tuhaye Golf Course Location

You’ll rarely find such a well-equipped ski-prep room off the ski-mountain, complete with custom wood lockers, and a huge walk-in coat closet. This fantastic and functional entry/mud room connects the attached heated garage to the main living area.

Luxurious Laundry

A well appointed laundry room includes custom cabinetry, granite counters and plenty of room for wrapping gifts, folding laundry, etc.

You’ll have to search for the high-efficiency Whirlpool Duet washer and dryer-they’re discretely hidden behind cabinet doors.

Nurture Meets Nature

Large Pella windows connect the luxurious indoor living area with the magnificent outdoor setting.

An expansive patio wraps the back of the home, and the sensible floor plan allows you to access the outdoor living area easily.

In the morning, sip your coffee in the sun and listen to the choir of birds in the Gambel oaks that dot the property.
In the afternoon, you’ll love the shade the home provides–the patio is perfect for parties and a cool spot to relax after a day on Mark O’Meara’s acclaimed course.
At night, you have direct access from the master bedroom to the Caldera hot tub. It’s protected under the roof-line, but open enough to appreciate the big night sky.

Garage Essentials

The three-car oversized (about 950 square feet) garage includes thoughtful touches:

In-floor drain handles winter snow, mud, and grime that drips from your cars.
Plenty of built-in cabinets keep your garage/workshop area tidy and organized.
For your cleaning convenience, you’ll find a handy utility sink and hose bibs.
Tuhaye Home Features Sophisticated Audio/Video System Throughout the Residence

Dude, What About The Mechanical Systems?

Climate control is forced air-natural gas heat with air conditioning (two zones)
Alarm system installed for your security and convenience
Central Vacuum
Automated landscape sprinklers keep you landscaping happy while you’re away
Pressurized fire suppression interior sprinkler system
Large-gauge Copper gutters and heat tape handle heavy snow loads in winter
Two 75 gallon water heaters, two furnaces, and humidifiers keep you comfortable
Recirculation hot water pump keeps water hot at every faucet–all the time!
Whole-house water softener decreases stains/hassles of mineral-rich water

Audiophile’s Delight

If you’re a hi-fi aficionado, the home’s Audio & Video system handles you’re A/V requirements of today, and tomorrow

NUVO in-wall controller/displays control single rooms or whole home in seconds
Harmon Kardon and Integra amps provide ample power
Smart Remotes control multiple devices, and eliminate confusing remote clutter
Samsung DLP, Sony, and Mitsubishi high definition televisions included
Outdoor audio for hot tub, front entry, and outdoor patio living

Talisker Club

Best of all, the new owner of this home will have access to all of the amenities of the Talisker Club.

Talisker Club: Park City Utah’s Most Exclusive Private Club

July 13th, 2008 Categories: Deer Valley®, Golf, Jordanelle

What’s New at Talisker Club in Park City, Utah

News Flash: not all developers are teetering on the edge of bankruptcy.

As evidenced by their purchase of The Canyons Resort, luxury developer Talisker is charging full-speed ahead in their quest to build finest private ski/golf club in the world. That’s not an easy task, but with massive land holdings acquired when they purchased public companies United Park City Mines and American Ski Company, Talisker is right on track.

Legendary Park City Skiing Meets World-Class Golf

Talisker’s vast 10,000+ acre playground includes on-mountain amenities at Deer Valley® Resort…

Plus off-mountain amenities at the Jordanelle Reservoir, Tuhaye and Thousand Peaks Ranch.

Who Can Access to Talisker Club’s Amenities?

Own property in one of Talisker’s communities, and you’ll be eligible to apply for membership in the Talisker Club. Use the quick links below to browse properties for sale:

Tuhaye Homes

Tuhaye Land

Empire Pass Homes

Empire Pass Condos

Red Cloud Land

Talisker Tower Club in Empire Pass, Deer Valley

Along the gentle slopes of the Silver Buck ski run in the Village at Empire Pass, you’ll discover the exclusive Talisker Tower Club.

It’s a great spot for Talisker Club members to enjoy continental breakfast year-round, and a destination unto itself during the winter months.

Tower Club Amenities include:

Great room with bar, fireplace, custom furniture & furnishings
Outdoor kitchen/living area with lounge seating & fire pit
Fitness facilities include state-of-the-are Techno-gym equipment & free weights
Men’s & Women’s locker rooms with travertine steam rooms & soaking spas
Yoga~pilates~stretching room
Professional trainers to help you maximize your workout
Children’s Activities Center for supervised fun, crafts, and games
Ski-In/Ski-Out Swimming Pool
On-site Club Concierge
Gift shop for unique and luxurious gifts / souvenirs

Psst! “There’s Much More to Tuhaye Than Just Golf!”

Don’t tell Mark O’meara or the head golf pro we said that–they’re awfully proud of the course!

Tuhaye’s Mark O’Meara Signature course was ranked among Golf Digest’s “Top-10 new Private Clubs in America” in 2006.

Tom Fazio is designing a second course, scheduled to break ground in Spring of 2009, and a par-3 nine hole walking course and golf learning center.

Talisker Park Opened in Summer 2007.

So, not there’s much more to keep every member of your family interested, including the full-service Snow Shadow Spa, Longview Terrace observation deck, Amber Lodge fitness center, Tuhaye Table Café, Family pool, Wildstar Cabin kids clubhouse, and Morning Star Cabin member lounge.

Park City Tennis Fans Rejoice!

An outdoor tennis facility will be built next year, right across the street from Talisker Club Park. The courts are planned to be clay, for lower impact on your aching joints and bones.

Talisker Club Water Sports at Jordanelle Reservoir

Members have use of the Talisker Toy championship ski boat on the Jordanelle Reservoir for water skiing, wake-boarding, surfing, and cruising around the lake.

Red Cloud Cabin (and future Hot Creek restaurant)

If you’re looking for a speak-easy style get away from the crowds restaurant, you’ll love the Red Cloud Cabin.

Duck off the Ontario ski trail at Deer Valley Resort, traverse through an open grove of aspen trees, and you’ll discover the Red Cloud Cabin, a private restaurant for Talisker Club members and guests.

PS It’s a spectacular setting for a discrete winter elopement too. Hmmm… how could I know that?

Thousand Peaks Ranch : Five Star Wilderness Fly Fishing!

Are you looking for a wilderness fishing experience with your family?

Talisker Club members have exclusive access to over 7.5 miles of private fly-fishing streams and private ponds for epic trout fishing.

Thousand Peaks Ranch has been private for generations…now it’s available to Talisker Club members!

The Ranch manager will greet you in the morning, help you choose which bugs/flies are hot, and will drop you off at one of the distinct fishing areas on the ranch. They’ll deliver you a picnic lunch in the afternoon, or you can return to the outfitters cabin for a hot lunch, if you prefer.

Local’s tip: if you want a frosty brew after fishing, stash your own. The owner won’t allow beer to be served on the ranch.

Other activities at Thousand Peaks ranch include snowmobiling, snowcat skiing, helicopter skiing, and hunting, depending on the season.

What’s Next for Talisker Club?

Completion of the rest of the club amenties, which total more than $120 Million!

No word yet about how real estate at The Canyons® Resort will enhance existing Talisker Club membership, but we’ll keep you posted as planning evolves.

Want Talisker Club Updates?

Please complete the form below, and we’ll provide you with timely updates as the Talisker Club releases more info.

Family Fun In Park City Utah

December 11th, 2007 Categories: Deer Valley®, Dining & Entertainment, Golf, Jordanelle, Just Outside of Town, Lifestyle & Activities, Local Services, Skiing, The Canyons®, The Heber Valley, Utah Facts and Fiction

Things to Do With Your Family in Park City, Utah

If you can’t leave your kids with the grandparents and don’t have the nanny that travels with you, kids are a part of vacations. They can be really fun to have along as long as they don’t get ‘bored’ Lets be honest, family vacations can be challenging enough without having kids who are ‘bored’. Keeping kids constructively occupied without shelling out big dollars can be difficult in a ski town during the season.

The children’s ages dictate family plans on a skiing vacation. Can they enroll in ski school so you can get your turns too or do you need to get daytime babysitter? Are they skilled enough to warrant a private instructor so that skiing with them is an option? Price can really climb with private instruction, but the upside is usually skiing with your kids sooner.

Obviously, with a younger age range, reserving a childcare service for a couple of adult nights makes sense as long as you can find reliable child care. Many hotels have services for babysitting and some do more expanded children’s programs. The most trusted child care service in Park City Babysitting Park City and Deer Valley is Park City Sitters.

Check the local Park City movie theatres, Redstone Cinemas and Holiday Village Cinemas, the indoor and outdoor ice rinks, Gorgoza Park and Soldier Hollow tubing hills, The Egyptian theatre, and the Heber Valley Railroad. White Pine touring grooms three different cross country ski tracks on the Park City golf course, where you can also arrange sleigh rides and dog sled adventures. Contact the tour operators for schedules and availability.

The Utah Olympic Park has museums, rides, shows and camps. Check them out at http://www.olyparks.com/

Or, better yet, buy plastic sleds for everyone, find a small, safe hill and enjoy your vacation, together.

Hidden Treasures At Private Golf Clubs in Park City, Utah

November 24th, 2007 Categories: Golf, Jordanelle, Just Outside of Town, Lifestyle & Activities, Real Estate

First, let me share a secret with you…

You don’t need to join a private club to enjoy a great day of golf in Park City, Utah. It’s true. The Park City and Heber Valley public courses offer plenty of challenge, and crowds are minimal compared to public courses elsewhere. However, there’s more…

Golf is Just the Tip of the Iceberg in Park City, Utah

Park City and Deer Valley area private clubs offer more than just golf. Savvy developers are creating clubs that allow members to enjoy exclusive amenities year round. Let me explain…

You’ll Appreciate Private Access to Deer Valley Clubhouses…

Red Cloud Cabin

Imagine skiing with a group of friends and family at Deer Valley Resort. You’ve enjoyed an exhilarating morning of skiing perfectly groomed corduroy slopes, and some of the possee are looking weary.

“Follow me through these trees…” You cry to your ski party. “I know the perfect place for lunch!”

You duck off the ski trail to the cozy Red Cloud Cabin, tucked in a grove of quaking aspens with views of the surrounding Park City and Deer Valley, Utah peaks.

As you kick off your skis and approach the sunny dining deck, you’re greeted by name by friendly staff and your group is served a delightful lunch and refreshing beverage. Batteries recharged, you ski for the rest of the afternoon and conclude your day at the Talisker Tower Club for some après-ski entertainment. But wait, it doesn’t stop there.

Rejuvenate Your Weary Body After Skiing in Deer Valley

You head downstairs for a rejuvenating steam shower and soak in the luxurious Italian travertine hot pool. No need to return home before dinner, you hop on the community “Dial a Ride” shuttle that takes you to historic Main Street for dinner, and drops you back at home at the end of the perfect day.

And this is just the beginning of the story. Private clubs in Park City allow you access to an exclusive world of private amenities, including dining, fly-fishing, nature hikes, snowmobiling, boating, wine tasting, etc. But there is one small catch–to access the amenities, you must join the club, which is accomplished by owning real estate in one of the Talisker Club communities.

Park City & Deer Valley Bargain Hunter’s Club
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