Ho-Ho-Ho-ing into Holidays 2022


 

Photo Credit: Historic Park City Alliance

By all accounts, we’ve already been blessed by a banner snow year, as evidenced by both Park City Mountain and Deer Valley Resort opening early for the first time in decades! And with a winter wonderland presenting itself throughout the Wasatch Back, I’ve compiled a list of my favorite holiday happenings from now through the New Year.

2022 Snow Globe Stroll

Historic Main Street, Park City
November 25, 2022 – January 9, 2023
All ages

Add to the festive splendor of Historic Main Street by finding the seven life-sized snow globes, each featuring a scene depicting a Christmas carol. Save a link to the map of the seven snow globes found here before you head out on your globe-seeking mission! While you’re on Main Street, be sure to bring those letters to Santa to send by Dec. 22 via the special North Pole mailbox at the top of the street.

Photo Credit: Ice Castles

Ice Castles

Soldier Hollow Nordic Center
2002 Olympic Drive, Midway
December 21, 2022 – February 4, 2023
All ages

Thanks to the super cold temps and early snow, the awe-inspiring Ice Castles in Midway is opening early for the first time this year on December 21. This frozen spectacle sells out quickly, so be sure to visit their bookings page and grab your tickets ASAP. Click here for more info.

Photo Credit: DeJoria Center

Clydesdale Wagon Rides

DeJoria Center/State Road Restaurant
970 North State Road 32, Kamas (approx. 20 minutes from Park City)
Thursday – Saturday, Dec. 8, 2022 – Jan. 6, 2023 from 5 – 7:15 p.m.
All ages

Take in the winter landscape from a Clydesdale-drawn wagon at High Star Ranch in the nearby Kamas Valley, featuring a stunning mix of ranches and Rocky Mountains. Hot cocoa and food is available before or after in the onsite Country Store & Café. Santa and Mrs. Claus will join be there on Tuesday, Dec. 20. Reservations are required, with kids ages 4-12 are $10 and adults $30. Click here to buy tickets.

Photo Credit: Park City Mountain

Silver Sky Nights

Park City Mountain, Canyons Village
Friday, Dec. 23, 4 p.m.
All ages
Park City Mountain kicks off Christmas weekend with live music, ice carving, treats, and a spectacular firework display! For more info, click here.

Photo Credit: Egyptian Theatre

Kurt Bestor

Egyptian Theatre
328 Main Street, Park City
Thursday & Friday, Dec. 22 & 23 at 8 p.m.
Saturday & Sunday, Dec. 24 & 25 at 6 p.m.
All ages

As Christmas as eggnog, Utah’s Emmy Award-winning favorite, Kurt Bestor, continues his holiday residency at the Egyptian Theatre for four nights featuring holiday favorites and original music in the beautiful, intimate confines of this historic landmark. Tickets are $30 for House Seating, $40 for Preferred Front of House seating, and $50 for Cabaret Table Seating in front of the stage. To purchase tickets, click here.

Santa Claus Visits Deer Valley Resort

Deer Valley Resort
Snow Park Lodge (2250 Deer Valley Drive South, Lower Deer Valley)
Silver Lake Lodge (7600 Royal Street, Upper Deer Valley)
Saturday, Dec. 24, 9 a.m. – 1:30 p.m.
All ages

Christmas Eve in PC means Santa’s hitting the slopes at Deer Valley Resort to take photos with all of the good boys and girls. His typical schedule is the Snow Park Lodge area from 9 – 11 a.m., and then at the Silver Lake Lodge from 12 – 1:30 p.m. For more information, click here, or call 435-649-1000.

Photo Credit: Deer Valley Resort

Deer Valley Resort Torchlight Parade

Deer Valley Resort
2250 Deer Valley Drive South, Park City
Friday, Dec. 30, 5:30 – 7:30 p.m.
All ages

Another quintessential ski town tradition is a torchlight parade, where skiers travel in formation down a ski run at dusk holding torches to create an otherworldly glow. Deer Valley Resort’s Torchlight Parade is held on Big Stick ski run (behind Snow Park Lodge) at around 6 p.m., with complimentary hot chocolate, cider and cookies served on the plaza from 5:30-7:30 p.m. Click here for more information. 

New Year’s Eve at Cast & Cut

Deer Valley Resort
268 Main Street, Park City
Saturday, Dec. 31 – 6 p.m. – 1 a.m.
21 and over

Ring in the New Year at Cast & Cut in Deer Valley during this exclusive evening of drinks, dinner and dancing The Spazmatics. The event includes a full bar, party favors and champagne toast. Dinner and dancing is $495 per person, the DAOU Lounge and dancing is $425 per person, or just get your dance on for $350 per person. For full details, click here.

Photo Credit: Heber Valley Railroad

North Pole Express

Heber Valley Railroad
450 South 600 West, Heber City
Mondays – Saturdays through Dec. 23
All ages

I’ve highlighted this delightful excursion in years past, but this year’s dates are all mostly sold out, so be sure to schedule a reminder for next year’s onsale date of June 1, 2023, to ensure you do not miss out on future opportunities. The annual attraction features a train ride to the North Pole while enjoying Mrs. Claus’ famous chocolate chip cookies and hot cocoa on the Heber Valley Railroad’s North Pole Express, plus a visit and gift from Santa himself! Available tickets and dates are listed here.

Nothing beats the holidays in Historic Park City and surrounding towns, and when you Choose Park City, you’ll learn all local faves from the Choose Park City team! Connect with Christine Grenney at 435-640-4238 or Brendan Trieb at 585-410-5536, or visit their website by clicking here.

Park City Housing Market Update – November 2022


Winter has made its arrival known in Park City, with 8-10″ received in town yesterday, and the Deer Valley Snow Stake topping out around 15″ on the day! For anyone who was clinging to the last remnants of fall, there is now no denying that bike season is behind us and we’re moving full steam towards skiing as the blazing snow guns at the resorts would indicate. With more snow in the forecast, the excitement and hope for a deep winter are palpable among us locals.

Deer Valley Resort Snow Stake Webcam on 11/2/22

But alas, you’re reading this for a real estate market update, not for my anecdotal snow reporting which is what we have Evan at OpenSnow and The Powder Buoy for!

Many of the talking points of the last six month remain the same:

  • Rising rates affecting financed buyers and their purchasing power
  • Inflation and equity markets affecting the portfolios and purchasing power of cash buyers
  • A lack of good quality inventory remains, and overall inventory remains below historical averages
  • Premium properties in sought after locations are still selling quickly
  • Investors are continuing to purchase real estate to diversify their holdings, and many still believe in the long term market outlook for Park City and surrounding areas

What We Are Seeing in the Marketplace

Inventory

  • Compared to historical averages, residential inventory on the Park City MLS is still 30-35% below where it is “normally” for September and October
  • Since a seasonal high on July 30th, residential inventory has been dropping every week except for two when the market gained six and three listings respectively – hardly an increase and one that was negated by decreasing inventory in the follow weeks
  • From the peak at the end of July, residential inventory has since dropped by 14%, and it appears that trend will continue at least until Q1 of 2023
  • Inventory for raw land hit its yearly peak almost two months later, topping out at 593 parcels for sale the week of September 24th
  • Despite land sales having seen the largest slow-down in sales pace, the active inventory is still down, dropping 7% over the last five weeks since its peak
  • The lack of inventory, especially of quality properties that are priced appropriately, remains an issue that isn’t going away anytime soon. When rates invariably drop as the Fed corrects course – whether that’s in 6, 12, or 24+ months, the inventory issue is likely to once again rear its ugly head, potentially further driving prices up as buyers who’ve been sitting on the sidelines rush back in.
Weekly Residential Inventory for the Park City MLS

Pricing

  • The overly frothy list and sales prices have all but left the marketplace, though some sellers are still fixated on records set 12 months ago and remain steadfast in hoping to garner a premium price that just simply may not be achieved as buyers realize that time and demand is now on their side
  • Last months sales to list price ratio of 99% for residential properties shows that most homes and condos continue to sell very close asking price – no signs of deep discounts at this time
  • Land sales have seen more of an impact with October garnering a 94% sales to list price ratio, down from 95.1% in September – this will be something to keep an eye on and see if this is a continued trend, or just an outlier during shoulder season
  • The median residential sales price for all areas is down 4% from September, but still up 3.6% year over year, again demonstrating that while we’ve come off of the all time high prices from April of 2022, broader values remain stable – we’ll keep tabs on the trend line through Q4 and into Q1 and Q2 of 2023
  • Don’t believe the news headlines that may reference other markets, there are still zero distressed sales in the Park City market, down from an average of 0.9% – 0.3% of sales from 2015 through 2021 – so no, it’s not time to go pre-foreclosure shopping (I’m looking at you metro market multifamily investors)
  • It’s important to note that our market remains segmented by price and location, as it always has. The broader averages speak of a market that is stabilizing and gaining its footing after a wild couple of years, but within that there are outliers in terms of sales pace and pricing. As always, it’s important to gather data for the property type, price, and location that specifically applies to your situation
Monthly Residential Sales Price for the Park City MLS

Days On Market

  • From September to October the average residential days on market remained flat at 40 days
  • While this feels like a massive increase from the single digit days on market earlier this year, 40 DOM is still well within the margins of a sellers market, though much healthier and more sustainable for both buyers and sellers from the previous record lows
  • These numbers also coincide much closer with the more balanced market we witnessed between 2013-2019, if anything running slightly below the days on market of those years
  • It will be interesting to see if the days on market continues to remain relatively flat over the coming months – if so it will be another indicator demonstrating stability in the broader market and sales pace

Advice and Observations for Buyers

  • Put Pen to Paper
    • For most property types, buyers can afford to be patient and find the right place. That said, if a property checks 80+% of a buyers boxes, it should be in serious consideration. There is no such thing as a perfect house, and that will always be the case regardless of market conditions, so right the offer and start the conversation.
  • Get the Price You Want Now
    • If you find a great property and your only objection is price, don’t wait and write the offer at the price that makes sense to you. Given the choice between securing a great property that you can use today, versus waiting for a discount that may or may not come in the future, our preference is asking for the discount now to secure your place in Park City and start building equity.
  • Substantiate Your Offer With Data
    • Making large life and financial decisions based on emotion and economic turmoil of the last few months is not a wise course of action. Stepping back, looking at your goals for 5, 10, and 20 years down the line, and leaning into the data provided by your trusted team of a top performing realtor, financial advisor, and/or lender is how you make good choices for the long term. If you choose to “ask for the discount” in todays market, sellers will want justification for your position. “I don’t like the market” and “I’m scared of what the future hold” are emotional responses, whereas understanding recent sales data, quantifying remodel costs with local, reputable contractors, and providing background on purchasing power relative to mortgage rates is how you may be able to justify your position to a seller and get a deal done.

Advice and Observations for Sellers

  • If It Seems Too Good to Be True, It Probably Is
    • If you’re interviewing agents to list your home and the broad opinion are like-minded on value, be wary of the overly enthusiastic outlier with the price that is too good to be true. Just as with buyers above, getting overly emotional may cause sellers to act aspirationally on their list price only to then have to reduce their price one or multiple times before selling. One record setting comp does not a market average make.
  • Be Patient
    • With a residential average of 40 days on market, sellers should be prepared for their property to take a few months to sell, even if it is a good home priced accurately. Being aware of these timelines and setting these expectations up front will help keep nerves calm when there have only been a handful of showings and no offers in the first 10 days on market.
  • Work With Agents Who Know Your Market
    • With 1,500 agents in Park City, there are a lot of choices of who to work with, and many exceptional realtors. That said, you want to work with an agent who has sold numerous properties in your area and price range, and has a thorough grasp on the nuances of your property type, development, and buyer pool. And of course, it’s not just what you sell, but how you sell it. Working with agents who have a proven track record and systems will set you up for success.

Choose Park City Real Estate Sales for September and October 2022

  • We put 2 properties under contract for our buyer clients for a total of just over $1,915,000 in pending contract volume
  • 7 transactions closed for just under $6,000,000 in sales volume
  • One buyer secured a dream building lot off market due to our agent and peer network
  • We brought two listings to market at prices of $1,150,000 and $3,400,000

Thanks for reading this month’s market update, and as always, reach out to us if you have questions on how these numbers will affect you and your situation. Whether you are a possible Park Meadows home buyer, potential Deer Valley home seller, or an interested property investor, we can put the stats and our Park City housing market knowledge to work for you no matter what your needs and budget are. Everyone’s situations are different, so knowing how to apply the data is integral to making wise real estate decisions.

-Brendan Trieb, Choose Park City

Live PC Give PC: When Supporting our Community Supports us all


Photo credit: Park City Community Foundation

This year, Live PC Give PC – our local 24-hour day of giving – is turning 12 on Friday, Nov. 4, and my team is excited to share as much info about the event as possible to help it continue to raise even MORE funds than in previous years.

Launched in 2011 by the Park City Community Foundation (PCCF), Live PC Give PC has raised an astounding $21-million for local nonprofits. Donations of all sizes are welcomed, as it’s the cumulative nature of 1,000s of donors that make the event such a huge success. Donors can give to one nonprofit, or select multiple recipients, from this year’s list of more than 100 worthy local organizations.

The Live PC Give PC online platform makes it easy to give, with many nonprofits benefitting from “match” pledges, wherein a donor has made a pledge in advance to match every gift to that nonprofit during the event, maximizing the overall gift to that organization.  

New this year, the event’s evening party is morphing from an adult affair into an all-ages “Party Under the Stars” celebration on Town Lift Plaza from 4 – 9 p.m., still sponsored, as in years past, by the generous folks at High West Distillery. Revelers are asked to donate a minimum of $5 to any nonprofit of their choosing, don something orange, dress warmly and enjoy drinks and dancing with fellow community members.

Photo credit: Park City Community Foundation

If you’re unfamiliar with the event and looking for ways to get involved, PCCF has curated a list of 10 Ways to Participate During Live PC Give PC, including:

1.     Donate to your favorite nonprofits on Nov. 4 at Live PC Give PC, where early donations of $5 or more are accepted

2.     Share the fun by reaching out to friends and family to spread the word via phone, text, social and email

3.     Plan to attend the Party Under the Stars

4.     Volunteer to be an ambassador to your neighborhood, business or school at LivePCGivePC.org

5.     Cheer on volunteers at donation stations and street corners on the day of the event by honking, waving and giving

6.     Get the kids involved, and introduce them to philanthropy at an early age

7.     Party in your neighborhood by hosting a happy hour on Nov. 4th and invite guests to go online to donate

8.     See a film at the Jim Santy Auditorium in the Park City Library, where “The Good House” will be presented by the Park City Film Series on Nov. 4 at 7 p.m.

9.     Listen to KPCW at 91.7 FM, or stream online, for updates about the event’s progress

10.  Wear Orange to show your Live PC Give PC spirit

As in years past, we will be making donations in the name of clients we’ve worked with over the past 12 months, selecting nonprofits we feel best fit their personal charitable priorities or those they have directed us to support, and have also earmarked the following nonprofits as ones I’d like to highlight for 2022:

Photo credit: Maker Union, Derek Israelsen photographer

Maker Union 

New this year, Maker Union is a nonprofit dedicated to creating a safe and engaging workspace for adults with disabilities. Anne Peters, a longtime friend of mine and current member of the Park City School District Board of Education, created Maker Union in part to support her daughter’s journey from school to employment. The organization strives to provide opportunities for equitable employment tailored to individual skill sets within this very special workforce.

CONNECT Summit County

The mission of CONNECT Summit County is to destigmatize mental illness by creating a well-informed community with access to mental health services for everyone. They work to achieve this goal by providing free educational programming, assistance in navigating the mental healthcare system, financial assistance for therapy and access to providers and support groups. CONNECT is comprised of family members, loved ones, friends and colleagues of people struggling with mental illness, along with mental health service providers and others not directly affected by mental illness, but who recognize this as a serious challenge facing the Summit County community.

Photo credit: Youth Sports Alliance

Youth Sports Alliance

An organization that serves literally 1,000s youth in Summit and Wasatch Counties, Youth Sports Alliance (YSA) offers afterschool programming to students in elementary and middle school, keeping kids active and introducing them to sports and healthy lifestyle activities. Founded in 2002 following the Salt Lake Olympic Games with a goal of increasing participation in winter sports, the nonprofit has expanded to include not only its cornerstone Get Out and Play program, but also the ACTiV8 programs for middle and junior high students, and funding for developmental sports teams like Figure Skating Club of Park City, Ice Miners Hockey, Park City Speed Skating Club and Park City Ski & Snowboard. Scholarships are available for students who would otherwise be unable to participate, ensuring every kid is able to connect with an activity that gets them excited and active in new ways.

Photo credit: Park City Education Foundation

Park City Education Foundation

Park City Education Foundation (PCEF) is a nonprofit that supports all students and staff throughout the Park City School District (PCSD) through nearly 100 programs as part of eight key initiatives: Preschool, Elementary Visual Arts, Afterschool, Real World Learning, Educator and Student Wellness, Bright Futures, Classroom and Express Grants and the Innovation Lab. PCEF helps fill in funding gaps to ensure all students have an opportunity to reach their academic potential, and their existence in our community is one of the reasons PCSD has such amazing outcomes for students of all backgrounds. As a PCEF Board Member, the Chair of Running with Ed(ucation), and with two kiddos in Park City School District, this one is a passion for me.

Photo credit: EATS Park City

EATS Park City

The vision of EATS Park City is to create a healthier generation through food security, education, gardens & sustainability and advocacy. Founded in 2013 when community members raised concerns about the health and wellness of local youth, in the past year alone, EATS Park City has:

  • Provided more than 13,000 supplemental Backpack meals
  • Educated and empowered students at 10 local schools
  • Diverted 28,160 lbs of food waste which equals 6 metric tons
  • Purchased more than 500 lbs of local food
  • Taught more than 328 classes of empowering education
  • Partnered with 22 like-minded businesses, organizations, and school districts to make this happen
Photo credit: PC READS

PC READS

PC READS advocates for literacy in our community with a focus on ensuring that all students successfully learn to read. They promote early identification of struggling readers, effective reading interventions and appropriate classroom accommodations. Their team of parents, educators, students and volunteers also provide resources and support to families with struggling readers, particularly those identified as dyslexic.

While these six nonprofits are a few near and dear to my own heart, I’m confident anyone willing to participate in giving through Live PC Give PC will find at least one deserving nonprofit that resonates with them, and that’s just one more reason why so many people Choose Park City.

Connect with Christine Grenney at 435-640-4238 or Brendan Trieb at 585-410-5536, or visit their website by clicking here to learn about the many ways to connect with the local community through nonprofits and the events they hold throughout the year.

Park City Housing Market Update – Summer 2022 in Review


As summer comes to a close and hot sunny days give way to moody clouds and rain indicating fall has arrived in Park City, chatter surrounding the local real estate market remains steady. It’s never a dull moment in the housing and mortgage industries of late, with seemingly all eyes on pricing, inventory, and rates, and what it all means now and in the future.

As we like to say, if we could predict the future we’d already be retired, but that doesn’t mean we can’t look at historical data and trends, and how it relates to the current market activity. Just as in the springtime, the phrase we are using for the state of the Park City housing market, and that of the greater Wasatch Back area, is back to normal. Instead of homes selling over asking in 24-48 hours, they may be selling for 97-98% of the list price, in 24-48 days. By all accounts this is still a sellers market, but the days of slapping a price on a property for 10% above the previous record and then watching the offers roll in is behind us.

All in all, we feel that this is good news across the board. Values largely have remained strong with owners retaining their equity and forecasts touting single digit annual appreciation going forward instead of the incredible 20% and 30% jumps we’ve seen over the last few years. Buyers have more choices, and usually a bit more time to view property and make a decision, helping ensure that their purchase is a good decision and the right fit, and not just the latest case of FOMO. Trend lines continue to point towards a market that resembles what we experienced between 2013-2019, a more stable, gradually appreciating market with opportunity for all.

What We Are Seeing in the Marketplace

Inventory

  • After residential inventory in the Park City MLS hit its all time low (since the Park City Board of Realtors started tracking this data in 2007) of 290 units in the week ending February 5th 2022, it has been rising steadily before likely hitting its peak for 2022 at 924 units for the week ending July 30th.
  • Since July 30th, inventory has been steadily decreasing each week, down to 841 residential units in the week ending September 10th, a 3.1% decline from the previous week.
  • Historically between 2013-2019, residential inventory on the PCMLS peaks in the summer months, and averages 1,414 units at its annual peak, which means even at our inventory peak of 924 units in July 2022 we were still 35% below where inventory would “normally” be.
  • While a bit anecdotal and not derived from a particular statistic, it is worth noting that we have had discussions with a wide array of fellow, high performing agents who have remarked that while inventory numbers are largely up from their record lows earlier in the year, the quality of inventory – meaning good, well finished, well located, and accurately priced homes – is still lacking as many buyers continue to search for their perfect place.

Pricing

  • As stated in the opening paragraph, the overly ambitious, frothy list prices and offers well over asking have largely left the marketplace. Regardless of how you look at the numbers, most areas in the greater Park City market appear to have hit their all time high median sales prices sometime between March and July of 2022, and have come slightly off those prices since.
  • With that said, many areas including neighborhoods within Park City limits and those around the Jordanelle have seen large double digit price increases both on a monthly and year-over-year basis.
  • The sales to list price ratio for residential units on the PC MLS hit its all-time high in March of 2022, with listings selling, on average, for 2.1% over the asking price. That metric has been on the decline since then, yet homes are still selling at nearly full price with a current sales to list price ratio of 99.4%, which is still up from the average historical sales to list price ratio for 2013-2019 which was 97.0%.
  • When looking at the data, it’s apparent that areas with more moderate prices and a larger percentage of financed buyers have seen more downward pressure on pricing due to mortgage rates, while those at higher average prices and with a larger percentage of cash buyers have seen less of a drop, and in some cases even continued appreciation.
  • One added note, it’s important to look at pricing data with a sense of nuance, and realize that every property is different. We are speaking in averages using large data sets, and in our observations a large portion of downward movement in pricing has resulted from prices being reduced on properties that were priced too ambitiously in the first place.

Days On Market

  • After hovering in the single digits for the entire first half of 2022, the average days on market for residential properties (doesn’t include land) on the PC MLS saw a jump up to 31 days in July, and dropped slightly to 29 days in August.
  • Year-to-date, these numbers average out to an incredibly low 9 days on market for 2022, though we expect that number to rise for the year as we receive data for the 3rd and 4th quarters.
  • To put these numbers in perspective, the average days on market for residential properties between 2013-2019 was 40 days, which still represents a solid sellers market, and at this point we are still about 25% below that number for 2022.

Advice and Observations for Buyers

  • Make an Offer
    • We said the exact same thing earlier this year, but it bears repeating. Most properties aren’t flying off the shelves anymore. If a property checks 80% of a buyers criteria, but they feel the price is too high and there aren’t competing offers, we would encourage them to make an offer even if it’s not at asking price, and then negotiate from there. To modify a famous Wayne Gretzky quote, “You don’t buy 100% of the properties that you don’t write offers on.”
  • Don’t Expect a Big Discount
    • Based on the inventory and days on market data above, this is still a sellers market at this time, and we would not advise any buyers to go in expecting a substantial discount. That said, the advice in the bullet point above still applies, so writing an offer at 5% off asking may be a good starting point.
  • How Long Do You Plan to Hold Your Property?
    • Whether you’re an investor, a second home owner, or looking to purchase your first home, knowing the length of time you intend to hold the property is very important. While we don’t see a large price correction in the forecast, even if there were to be substantial downward pressure on values, most historical downward market cycles – in housing, the economy, or the stock market – have lasted less than 5 years. Purchasing now enables you to lock in an interest rate at a time when we expect rates to continue upwards, further depleting purchasing power due to increased monthly payments. Marry the house and date the rate, then refinance when rates decline.

Advice and Observations for Sellers

  • Be Realistic
    • Pricing a property today means knowing which comparables and data points to use, and which ones are statistical outliers. Gone are the days of pricing your home at or above the previous record just because you can. Pricing today needs match up with the functionality, features, finish level, and location of your property (much as it always has, except for mid 2020 through early 2022) and present it as a competitive value when compared to other listings in your price range and section of the market.
  • Be Patient
    • Good properties are still selling, some in less than a week, but others may require a few months and that is okay! Prior to the last few years, a $4,000,000 that took 75 days to sell was deemed perfectly acceptable and a realistic timeline. Even when presented and priced well, some patience is still required to find the right buyer who is a good match with the home, especially with many buyers sitting on the sidelines due in large part to watching too much news and reading fear inducing headlines.
  • Who You Work With Matters
    • Real estate is a largely a relationship based business, and the best agents will market your property publicly online, and also through their brokerage and peer networks. While the pandemonium of 2020-2021 may have allowed some to get away with poor ethical decisions or sub par negotiating tactics, now more than ever it matters that you work with an agent that other agents want to work with. When agents on both sides of the deal can vouch for the legitimacy and professionalism of their fellow broker on the other side of the table, it does a lot to build confidence in the deal and keep buyers and sellers focused on the closing table.

Choose Park City Real Estate Sales for June – August 2022

  • We put 8 properties under contract for our clients for a total of just over $15,000,000 in pending contract volume
  • 11 transactions closed for just over $22,500,000 in sales volume
  • Of our buyers competing against multiple offers, 100% of them had their offers accepted
  • 2 of our listings went under contract before coming to market due to networking efforts with our agent peers

Thanks for reading this months market update, and as always, reach out to us if you have questions on how these numbers will affect you and your situation. Whether you are a possible Park Meadows home buyer, potential Deer Valley home seller, or an interested property investor, we can put the stats and our Park City housing market knowledge to work for you no matter what your needs and budget are. Everyone’s situations are different, so knowing how to apply the data is integral to making wise real estate decisions.

-Brendan Trieb, Choose Park City

The 2022-23 Ultimate Utah Season Pass Guide


Photo credit: Deer Valley Resort

With the recent cold snap giving the tops of nearby peaks a dusting of white, thoughts naturally turn to the upcoming ski season and the hope that the Farmer’s Almanac is spot on in its prediction that this will be a banner snow year beginning with a heavy snowfall the third week of October! You can access the entire season’s predictions for about $10/year, giving you a leg-up on planning the days to visit PC or, if you’re local, when the “Powder Flu” might hit your household.


Getting Geared Up

One of the best parts of preparing for the upcoming season actually starts this month, with an impressive slate of ski swaps scheduled throughout the Wasatch Back and in the Salt Lake Valley. The locals’ favorite Park City Ski & Snowboard Swap is traditionally held in November, and though they haven’t posted their dates yet, you can stay in-the-know for all the swaps by bookmarking the following Ski Utah page:  https://www.skiutah.com/resources/utah-ski-swap


Local Resort Rundown

Deer Valley Resort

Season: Dec. 3, 2022 – April 16, 2023 (conditions permitting)

My family’s wintertime home base, Deer Valley Resort, continues to be one of the highest-rated resorts in the U.S. We enjoy the “Deer Valley Difference,” which extends to all corners of the resort in terms of customer service, dining, caliber of runs and lodging.

With it’s “Deer Locals” passes, Deer Valley Resort provides opportunity for qualifying Utah residents to still be able to hit the famous corduroy slopes at significant savings:

PASS NAMEPRICE BEFORE THE OCTOBER PRICE DEADLINE**PER DAY PRICINGPURCHASE 
Adult 5 Pass
(Valid 7 days per week, subject to holiday blackouts)
$660$132BUY NOW 
 
Adult Midweek 5 Pass (Monday – Friday)$525$105BUY NOW 
Young Adult 5 Pass (13-22)$560$112BUY NOW 
Child 5 Pass (5-12)$405$81BUY NOW 

Full Season Passes are outlined in the table below:

PASS NAMEBefore October 2022 Price Increase DeadlineDeer Valley Season Pass + IKON PassDeer Valley Season Pass + IKON Base Pass
Adult (23-64 years)$2,675$2,975$2,924
Senior (65+ years)$1,995$2,295$2,244
Young Adult (13-22 years)$1,655$1,955$1,904
Child (5-12 years)$750$1,050$999
College Student$1,875$2,175$2,124
Military Season Pass$1,875$2,175$2,124
Tot Season Pass (4 and under)$185$485$434

For the second year, Deer Valley is offering “First Tracks” on specific Wednesdays, allowing season pass holders to access the mountain 30 minutes early on Jan. 25, Feb. 15, and March 22, 2023. Three additional First Tracks days are scheduled for both Deer Valley and IKON season pass holders on Jan. 11, Feb. 8, and March 1, 2023.

Season Pass holders also receive discounts on Friends & Family passes that can be redeemed online, a Monday-Friday complimentary day ticket at Alta, Brighton, and Snowbird, discounts at Deer Valley-owned restaurants and retail outlets, and a complimentary 2023 Summer Season Pass if a 22/23 Full Season Pass is purchased before October deadline.

Another option is the Mid-Week Season Pass, with access Monday through Friday (excluding 12/26/2022 – 1/2/2023) for just $1,465 before the October deadline.

The Ikon Pass also offers days of skiing at Deer Valley, along with other local resorts like Snowbasin, Snowbird, and Alta, with more info available at ikonpass.com.

To purchase passes or learn more, click here.

Photo credit: Park City Mountain

Park City Mountain

Opening Date: Nov. 18, 2022

New for the upcoming ski season, Park City will limit daily lift ticket sales to prioritize the mountain experience for guests – a practice Deer Valley Resort has long implemented at their resort. Season Passholders will not be affected by this limit, nor will their benefit tickets, including Ski with a Friend and Buddy tickets. New amenities are also being rolled out for the season, including a new ski beach stretching from the Red Pine Gondola to the Orange Bubble Express featuring heated sidewalks, fire pits and seating areas.

With a Season Pass discount available until October 7, 2022, now is the time to lock in Epic Pass prices online by clicking here. Pass options include the full Epic Pass, with no holiday blackout dates and access to all Vail Resorts-owned properties for $879 for ages 13 and older, and $448 for children ages 5-12 (there is no teen option, unlike the Epic Local Pass). The Epic Local Pass, which excludes holidays (though half-price day passes are available for blacked-out dates), is $655 for ages 19 and older, $530 for teens ages 13-18, and $311 for children. The Park City Youth Pass – with no blackout dates, but good only at Park City Mountain and not at other Vail Resorts – is $352 for kids ages 5-12. Kids four and younger are eligible for a free Epic pass – just go to any ticket window and they’ll hook you up.

One of the best values, especially for visitors who book in advance, is the multi-day Epic Passes, ranging from one to seven days, which is good at most Vail resorts in the U.S. and at Whistler/Blackcomb, and start at $99 for one day for skiers ages 13 and older, and $50 for one day for children ages 5-13. For every day added, the price per day decreases, with the daily price for the seven-day pass just $83 ($579 total), but do note that holidays are excluded.

Benefitting active duty and retired military who served at least 20 years, the Epic Military Pass is just $155, and includes all dependents.

All passes offer 20% discounts on food, retail, lessons and rentals, plus seven days of unrestricted skiing or snowboarding at both Snowbasin and Sun Valley for full Epic Pass holders (Epic Local Pass holders receive two days with restricted dates).

Woodward

Now a part of the Park City winter sport fabric, Woodward is located along I-80 between Kimball Junction and Summit Park, and offers a small-mountain experience for skiers and snowboarders, with half-pipe and park access, plus lessons that typically cost less than at the larger resorts. While they haven’t yet included their 2022-23 winter operations info online, keep an eye on their site for info coming out soon!

Photo credit: Snowbird

Snowbird & Alta

Snowbird Opening Date: to be announcedAlta Opening Date: Nov. 18, 2022

With terrain that challenges both newbies and expert skiers and boarders, Snowbird is a favorite among many dyed-in-the-wool powderhounds but can be accessed from Park City in less than an hour’s drive time.

This year, Snowbird is promising to plant a tree for every pass sold. In conjunction with One Tree Planted, they’ve engaged in tree-planting efforts in national parks throughout the U.S.

There’s a pass for everyone at Snowbird, including the all-in Summit Pass with no blackout dates (see prices below), the Ten-2-Share Pass with 10 days of unlimited access to the Tram and chairlifts for $699 (can be shared with family and friends), the Flex-4 Tix for four days of unlimited skiing/riding for $449 (perfect for trying out the mountain), or the Mountain Collective Pass for two days at each of 24 destinations for $579 for adults.

Summit Pass Type2021-22 Pass Price
Summit Adult$1,299
Summit Senior (65+)$959
Summit Young Adult (19-25)$959
Summit College/Medical Resident/Military$959
Summit Teen (13-18)$569
Summit Youth (7-12)$379
Summit 6 & Under$69
Summit 4-Pack (2 adults + 2 kids 18 & under)$2,599
Pricing is tax exclusive – tax rate of 7.25% not including Ikon Bass Pass add-on benefit.
Prices and benefits are valid through September 28, 2022.

The Alta-Bird pass is also a great way for skiers (no snowboarders allowed at Alta) to experience the best of both iconic resorts, with prices as follows:

Alta-Bird Pass Type2021-22 Pass Price
Alta-Bird Adult$1,849
Alta-Bird Senior (65+)$1,649
Alta-Bird Young Adult (18-25)$1,649
Alta-Bird Military$1,649
Alta-Bird Teen (13-17)$1,009
Alta-Bird Youth (7-12)$729
Alta-Bird 6 & Under$169
Alta-Bird 4-Pack (2 adults + 2 kids 17 & under)$3,899
Pricing is tax exclusive – tax rate of 7.25% not including Ikon Base add-on benefit.
Prices and benefits are valid through September 28, 2022.
Photo credit: Ski Utah

Ski Utah 4th, 5th & 6th Grade Passport

You read that right! Ski Utah has decided to outdo themselves and their amazing youth passport by expanding it to include 4th grade, and providing every grade with three days at each of Utah’s 15 resorts for just $49! In previous years, 5th graders received three days, and 6th graders received just one day at each resort (still an amazing value), but to extend it means so many more young skiers and riders will get the chance to experience more terrain than ever before. They’ve also added an online pass usage/availability tracker, and definitely keep in mind that there are holiday restrictions at all resorts for the week between Christmas and New Year’s, MLK weekend, and President’s weekend. If you have kids in grades 4-6 like I do, I recommend you make this year one for the books by also getting the Ski Utah Yeti Pass for $669 for yourself, which provides one ticket at each of Utah’s 15 resorts to help you introduce your kiddo to the breadth of resort offerings across Utah.

The Yeti Pass can also help you explore the other easily-accessible resorts in Northern Utah, which include Beaver, Brian Head, Brighton, Cherry Peak, Eagle Point, Nordic Valley, Powder Mountain,  Solitude, Sundance, and Snowbasin. Ski Utah helps you break down all the passes, including which resorts are part of which collective, here.

Utah’s fabled “Greatest Snow on Earth” is one of the many reasons so many people Choose Park City. Connect with Christine Grenney at 435-640-4238, or visit her website by clicking here to learn about the many mountain properties providing easy access to each of the state’s resort communities.

‘Tis the Season for Property Taxes


Did you know … the practice of collecting property taxes dates back to ancient Egypt, Persia and China, where taxes were collected from farmers based on projected crop yield? William the Conqueror continued the practice in England during the Middle Ages, where Lady Godiva rode her horse while naked through town in protest.

Property values have skyrocketed throughout Summit and Wasatch counties, which could warrant an increase in your tax bill this year, but we don’t recommend taking the Lady Godiva approach to contesting your property tax notice, which should have arrived within the past few weeks. If you haven’t received your notice yet, you can find out how to connect with the Summit County Assessor’s Office by clicking here, or the Wasatch County Assessor’s Office here.

Although Utah’s property tax rate is ranked 12th lowest in the U.S. and is considered to be one of the 10 best states for property taxes, any increase to a monthly budget can put a pinch on some households and businesses already saddled with increasing costs for fuel and other goods.  While we know the benefit property taxes provide to the community via public services such as schools, parks, fire, and police protection, it’s always wise to ensure you’re not paying more than your fair share.

Utah’s property taxes vary depending on whether a property is a primary or secondary residence. That’s why it’s important to pay attention to the notice to ensure your property is categorized properly.

Below, you’ll find two property tax notices from Summit County: One for a primary residence and one for a secondary residence. Secondary residences are taxed at the full assessed value, while primary residences are taxed at 55% of assessed value:

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If your notice shows taxes based on 100% and you live in the home full-time, or rent out the property full-time (but do not rent it nightly for 14 or more nights each year), then you should fill out the Signed Statement of Primary Residence and file it with the Assessor’s office before September 15th. Signed statements received after September 15th will be considered in the following year. Visit the Summit County Assessor site by clicking here, or the Wasatch County Assessor site here, to learn more about residency exemptions. Depending on the value of your property, you could save thousands of dollars.

Another way to save money on property taxes is to appeal your assessed value. The assessed value of your property is determined by the assessor’s office based on the prevailing local real estate market conditions

If you think the amount on your notice is unreasonable, I can work with you to help determine whether the assessed value is fair. The National Taxpayers Union Foundation recommends the following steps in appealing your assessment:

❏ Make sure all deductions to which you are entitled were granted

❏ Determine any deadlines or legal requirements for filing the appeal or for claiming any deductions. Comply with the legal requirements and don’t miss these deadlines!

❏ Check the accuracy of the assessor’s math, description of your property, work papers, and record card for your property.

❏ Consult with any experts who might be of assistance (see my notes on this below)

❏ Locate at least five comparable properties (with my help)

❏ Make adjustments for differences between your property and comparables

❏ Check your property’s assessment against the assessments of the comparables

❏ If your assessment is unfair, make an informal appeal to the assessor first. If the assessor doesn’t agree, file your appeal.

❏ Attend an appeals board hearing to get a feel for the process.

❏ Prepare a written summary of your case and rehearse your presentation.

 Prepare Your Appeal
You must file your appeal within 45 days of receiving your property tax notice. For Summit County, this can be accomplished by either submitting an electronic Board of Equalization Appeal Form via the county’s online portal or downloading a PDF version to fill out and send to the Summit County Board of Equalization.

The Wasatch County primary residence exemption form can be found by clicking here.

You must include a copy of your property tax notice, along with any evidence, such as an appraisal, sales comparable to your property or MLS – Multiple Listing Services – data to support your appeal. Contact me if you would like help with this.Decisions depend on the availability and workload of Board of Equalization Appeal Officers, and could take several weeks. Once a decision is reached, you can expect to receive a “Notice of Determination.” If your appeal is denied, you cannot appeal your final property tax bill when it is received in November. To contact the Summit County Assessor’s Office, call 435-336-3257, or visit them at the county courthouse in Coalville, at 60 North Main Street. The Assessor can be emailed at [email protected].For Wasatch County, call 435-654-3221, or visit them at 25 North Main Street in Heber.If you have any questions or need help finding comparable properties to support your appeal, please reach out to me sooner than later. I’m happy to walk you through the art of how to appeal your property taxes anytime, but keep the September deadline in mind!

More people than ever have decided to Choose Park City, and have made Summit or Wasatch counties their permanent home. Connect with Christine Grenney at 435-640-4238, or visiting her website by clicking here to learn more about the benefits of moving to the Wasatch Back!

Park City Summer Event Schedule 2022


Summer 2022 has arrived with our usual dizzying array of festivals, events, and activities. So much to enjoy, so little time! Peruse our offerings in this years Park City Summer Event Schedule and reach out for any local insight on anything that piques your interest.

The Hills Are Alive… With the Sound of Music

It seems as though there’s music around every corner here when the mercury heats up in the amphitheaters, pocket parks and outdoor venues throughout the Wasatch Back. Check out the entire Summer Concert lineup in Park City, the Heber Valley, and beyond!

All Summer Long Activities in Park City

Park Silly Sunday Market

Every Sunday through Sept 25 from 10 am – 5 pm on Lower Historic Main Street, Park City

The Silly Market epitomizes all that makes Park City unique. This incredibly popular, open-air market and
street festival celebrates funky “Park Sillians” in the best of ways. Main St. is closed to vehicles, allowing
patrons to wander through booths with fanciful goods and services, live music and of course, the ever-popular Bloody Mary bar!

Last Friday Gallery Stroll

July 29, August 26, Sept 30 6 – 9 pm, Main St, Park City

A great way to combine your love of food and art, the Last Friday Gallery Stroll is ideal for pre-or post-dining enjoyment on Historic Main St. This enjoyable, free event highlights local, national, and international artists and special exhibits at up to 20 art galleries throughout town. Enjoy light refreshments, meet the artists, and admire the latest art installations.

Park City Farmers Market

Every Wednesday from 11 am – 5 pm thru October Canyons Village – Cabriolet Parking Lot

This year’s Farmer’s Market has gone back to its roots at the base of Canyons Village, offering a diverse
assortment of fresh local produce from Utah farmers and a great selection of unique vendors and food booths, all accompanied by live music and our usual array of leashed doggies.

Goldener Hirsch Summer Market

Saturdays 1 – 4 pm  through Sept 8, Silver Lake Village at Deer Valley 

Inspired by the Parisian open-air drinking establishments that sprung up in summer in the 18th century, the Goldener Hirsch Summer Market features inspired light bites by Chef Nicolas, a unique menu of drinks, fun outdoor games, and live music. Ride the Deer Valley® Resort chairlift to enjoy breathtaking views of the Kamas Valley and the Uinta Mountain foothills or haul your mountain bike up the lift and enjoy a thrilling ride down to the Market.

Friday Recess Wine Classes

Fox School of Wine July 22 – August 26 J Go Gallery, 268 Main St Park City

Enrich your understanding and appreciation of wines in this fun “study” of different vintages, from Rose’s to Burgundy’s with sommeliers and wine experts as your guides.

Swaner Nature Preserve’s Sunday Craft

Sundays through August 28, 1258 Center Drive, Park City

Bring your nature-loving kids to the Preserve’s Eco Center at 1258 Center Drive for a free craft day every
Sunday for an upcycled nature-themed crafting event from 11 am – 1 pm.

Flying Ace All-Star Aerial Show

Every Weekend at the Utah Olympic Park, 3419 Olympic Pkwy, Park City

Catch the high-flying action every weekend with the thrilling Flying Ace All-Stars Freestyle Show. See
Olympians and National Team skiers and snowboarders perform acrobatic feats as they soar up to 60 feet in the air before landing in the Park’s Spence Eccles Olympic Freestyle Pool. 

Heber Market on Main

Thursdays from 5 – 9 pm through August 18, Main Street Park, Heber City 

Main Street Park in the heart of Heber City is enlivened with concerts by a variety of regional musicians with food booths, food trucks, crafts, and fresh produce. For the first time this year, Heber Valley Brewing is offering a beer garden for patrons 21+.

Midway Farmers Market

Saturdays through October from 10 am – 2 pm, Midway Town Square, Midway

This quaint small-town market operates from a new location in Midway’s Town Square, between the Town Hall and Community Center at Main St & 1 st North. every Saturday. This intimate market features abundant local produce, delicious fresh bread and sweets, fresh eggs, flower bouquets, and more. 

Heber Valley Artisan Cheese Dairy Farm Tours

920 River Road, Midway

Happy Cows make “udderly delicious cheese!” These tours are offered Mondays – Saturdays throughout
summer and allow you and the kiddos to meet the fabulous “ladies” who provide the milk for their award-
winning cheese. During this fun and educational dairy tour, patrons get to witness their high-tech robotic
milking system – one of the first installed in the Western USA. Tours are offered daily, reservations required.

Park City Summer Events

Oakley’s Summit Arts Showcase

July 15 (4 – 8 pm) & July 16 (10 am – 5 pm) The Red Barn, 4300 North UT 32 (Oakley Fairgrounds)

While many of you might have ventured to Oakley for their infamous Rodeo as part of your annual July 4
festivities, a new tradition has emerged in Oakley with their annual Summit Arts Showcase, so giddy-up and enjoy a wonderful display of art is various mediums by local and regional artists.

Heber Valley Railroad (“The Creeper”)

450 South 600 West, Heber City

The Heber Valley Railroad offers scenic, historic train rides around the beautiful Wasatch Mountains past Deer Creek reservoir and Mt. Timpanogos.

Rock-n-Roll Train:  July 15
Fiddlers and Fireworks:  July 23
Wizard’s Train:  July 28, 29, 30
Wild West Days:  June 3, 4, 5
Kids Train Days:  June 10, 11, 12
Summer Solstice:  June 18, 19, 21
Princesses & Pirates:  Jun 25, Jul 9, Aug 20

Swaner Nature Preserve Demonstration Cleanup

July 16 8:30 am – 10 am, 1258 Center Drive, Park City

Help bees, butterflies, and other pollinators by assisting with the Preserve with their demonstration garden cleanup, including weeding and pruning of the pollinator garden in front of the EcoCenter to keep it healthy through the growing season and learn about water wise practices.

First Annual Prospector Square Neighborhood Appreciation Party

July 16 Noon – 6 pm, Berrett Lane between Gold Dust and Poison Creek

Prospector Square is showing off recent neighborhood improvements with an old-fashioned block party, with live music by Telluride Meltdown from 3 – 6 pm.

Kamas Valley Fiesta Days

July 21 – 23

Events take place at locations throughout Kamas in a celebration that has been a yearly tradition for over 70 years! Included are the rodeo, kids’ night, Bull Wars., Parade. Demolition Derby, Car Show and Auction.

Movies in the Park

Library Field – 1265 Park Ave, Park City

Basin Recreation, in partnership with Park City Library and Park City Film, will be offering movies in the park at the Park City Library Field starting at dusk. When the sun goes behind the ridgeline, temps always cool off by at least 10 degrees so definitely don’t forget your blanket (remember, this is an off-leash dog park too!), low chairs, popcorn, and Milk Duds!
Friday, July 22    Encanto (in Spanish)
Friday, August 5    Ron’s Gone Wrong

Summer Grilling with Mindful Cuisine

July 22 6 – 9 pm 352 Aspen Lane (Silver Creek)

Cooking classes with Mindful Cuisine are a wonderful way to expand your culinary repertoire in a professional chef’s kitchen with outstanding views of the Wasatch Mountains. Gather up a group of family or friends and enjoy some “kitchen fun”.

Twilight Drive-in at Utah Olympic Park

Utah Olympic Park, 3419 Olympic Pkwy, Park City

We applaud Park City Film for continuing to offer this “holdover event” from the social distancing, pandemic summers. This is a great way to enjoy an outdoor flick from the comfort of your vehicle, reminiscent of the old drive-in days. Pack a picnic or enjoy local catering.

July 28 Spiderman: No Way Home
August 5 Sundance Institute’s 2 nd Chance & Emily the Criminal
August 11 Encanto (en espanol) & Dora and the Lost City of Gold
August 12 Wolfwalkers
August 13 The Big Lebowski

Charleston Town Pioneer Day Celebration

July 24 3527 W 3600 S, Charleston

Flag raising ceremony, community breakfast, live entertainment, parade & fireworks display at dusk.

Wasatch County Fair Days

July 29 – August 6 415 Southfield Road, Heber City

If you missed the Oakley rodeo, here’s a chance to enjoy another great rodeo as well as a full week of fun for the little cowboys and cowgirls in your world. Wasatch County Fair Days kicks off with the enormously popular Demolition Derby on July 29th, followed by a party in Southfield Park, Carnival, BBQ, parade, exhibits, talent show, rodeo, and much more:
July 29 – 30    Demolition Derby
Aug 1  Party in the Park and Talent Find
Aug 3 BBQ Dinner, Movie in the Park
Aug 3 – 6 Carnival 
Aug 4    Charley Jenkins concert
Aug 4 – 6 Country Market, Mtn Valley Stampede Rodeo
Aug 6 Wasatch County Fair Parade, Wasatch County Fair Jr Livestock Sale

Kimball Arts Festival

August 5 – 7, Park City’s Main Street

Billed as one of the top-ranked art festivals in the country, the annual Arts Festival, a tradition for 53 years, is actually our beloved Kimball Art Center’s largest fundraiser and so vital to their year-round programming. The three-day event includes live music, gourmet food and beverages and a host of creative and collaborative activities.

6th Annual Victory Hangar Dance

August 6, Russ McDonald Field/Heber Airport, 2265 Airport Road, Heber City

Every once in a while, we get the random question “Is there anywhere to swing dance around here?” and we can finally answer in the affirmative. Enjoy this celebration of World War II at the Victory Hangar Dance, where patrons are known to don vintage attire for the 50’s and dance the night away. If you missed the June hangar dance or just want to swing dance again, enjoy this celebration of victory in World War II at the Victory Hangar Dance!

Summit County Fair

August 6 – August 13, Summit County Fairgrounds, 202 Park Rd., Coalville, UT

Enjoy this traditional small town county fair with cowboys and bucking broncos, a carnival midway, beauty queens, home canned goods, flowers, vegetables, and more.

Anti-Gala 2022

August 18 6:30 – 10 pm, Utah Olympic Park, 3419 Olympic Parkway, Park City

Join fellow friends of the Utah Olympic Park for a casual, dressed-down evening of activities, delicious
food, drinks, and live music at the base of the Nordic Ski jumps.

Soldier Hollow Classic Sheepdog Festival

September 2 – 5 , 2002 Soldier Hollow Lane, Midway

Enjoy four days of family fun and exciting competition at the Soldier Hollow Nordic Center, featuring the
world’s top sheepdogs and handlers. Since 2003, the Classic has been an exciting showcase of the human-canine bond – luring thousands of spectators annually to Midway to catch these dogs and handlers in action.

Midway Swiss Days

September 2 & 3, Midway Town Square, Midway

Since the 1940s, the popular festival has been a Midway tradition. The festival celebrates the Swiss pioneers who settled Midway and the Heber Valley. Swiss Days offers a lively experience in honor of these forebears with the sounds of yodeling and alp horns, folks sporting dirndls, flower hair wreaths, and alpine hats, as the festival sweeps you back to the Olde World. Children’s toys, home decor, artwork, and crafts are offered by the 180 or so vendors chosen via juried selection. And don’t miss the food smorgasbord, which scones, Navajo tacos, and Swiss cheese sandwiches as well as live entertainment. The Saturday parade is possibly the most anticipated part of the two-day event.

Miner’s Day Parade

September 5 Historic Main St & City Park, Park City

Definitely our favorite way to close out summer, Miner’s Day is “our” local celebration paying homage to the rugged silver miners who put Park City on the map.. The Running of the Balls, the Rotary Club’s big annual fundraiser, is an absolute hoot to watch, as thousands upon thousands of sponsored golf balls are unloaded at the top of Main St, awarded the fastest balls and other silliness, all part of a fundraiser that will likely generate more than $50k for our many local charities. The parade is more intimate than our enormously popular July 4 parade and is truly about locals. In the afternoon, rugby in City Park and the Mucking and Drilling competition fill out this fun (and sometimes exhausting!) summer celebration.

Park City Song Summit

September 7 – 10, Various venues, Park City

This highly-regarded event is back on the docket after a COVID hiatus, and the organizers have several treats in store. Variety magazine described it best, saying “If you ever yearned to hear concerts by your favorite artists one night and listen to their TED talks the next, then Park City Song Summit may be for you.” 

Heber Valley Artisan Cheeses Farmstead Burrata Class

September 16, 10:30 AM – 12:30 PM, 920 River Road, Midway

If you’re like us, you crave bruschetta when the late summer tomatoes finally arrive. Learn how to make your own silky-smooth, farm fresh Burrata, an Italian recipe for mozzarella. Reservations are a must for these wildly popular classes.

Heber Valley Artisan Cheese Tractor Days

September 16 & 17 10 AM – 5 PM, 920 River Road, Midway

Experience all the BIG WHEELS during Tractor Days at Kohler Creamery where kids and adults alike will love getting to explore the world of tractors and implements as well as learn about their different roles on the farm.

Volksmarch Fall Festival

September 17 10 am – 2 pm, Midway Town Square, Main Street, Midway

Presented by Preserve Midway, this Festival and Volksmarch celebrates the unique history of Midway with an optional historic walk through the center of town to several of the properties that have been saved via conservation easements. Festival activities in Town Square include live music, opportunity drawings, bounce house, food trucks and educational booths.

Park City Summer Competitions

Moose on the Loose

July 16, Trailside Park, Park City 

Moose on the Loose offers fun, kid-friendly races of varying lengths for 3 to 13 years old, organized under the premise that kids can do hard things and have fun doing it! The organizers believe that doing your best, pushing yourself, and helping others is fun. Running is fun; running on dirt is more fun.

National Ability Center’s Summit Challenge

August 27

If you prefer to ride rather than watch others do so, cycle this summer in the name of outdoor recreation for all in this annual road race through Summit and Wasatch Counties. If you’re in it more for the fun and to support the NAC, opt for the easier of 16 miles ride while the overachievers among us can shoot for the century (that’s 100 miles). This race is a great excuse to get out and ride in support of adaptive sports.

Wasatch All-Road Bicycle Race

August 27 7 am – 9 pm

High gravel bike racing – grueling 100-mile race with 12,000 ft of climbing on 80% gravel with a $10,000 purse. Starts at Ventum Bikes at 2775 S. Highway 40, Heber City


Point 2 Point Bike Race

September 3, Park City

Join the country’s strongest endurance mountain bike racers and drop in on some of the best trails Park City has to offer for this heart pumper of a challenge. Ride almost 78 miles on 90% single track with approximately 11,000 elevation gain (is that all????) The average finish time for this Round Valley based competition is nine hours, so it’s not for the faint of heart!

Fun and festive community celebrations are one of the many reasons so many people Choose Park City. Connect with Christine Grenney at 435-640-4238, or visiting her website by clicking here to learn about the many mountain properties providing easy access to each of the state’s resort communities.

Park City Housing Market Update – May 2022 


Do you hear that? It’s the winds of change. Is it simply a change in the weather as Park City begins to fully embrace springtime temperatures and mountains shifting from white to green, or is there a real estate market shift taking place?

With the value of Bitcoin being cut in half in the last six months, and the stock market reeling, all while interest rates tick up, talk of the economy and the housing market seems to be the most popular topic at the trail head. So how is the market? What should buyers expect in the marketplace? How should sellers look for a great agent? How should properties be priced right now?

As much as everyone wants to know our opinion on what may or may not happen in the future, we are not fortune tellers, and do not predict the future. Our business has been built on observing and interpreting the facts and measurable metrics of the Park City real estate market, not speculating on things that are outside of our control. We dive into an assortment of common questions and observations along with some fast stats in this months market update.

What We Are Seeing in the Marketplace

  • New listings and active inventory have increased in the Wasatch Back over the last 2 months, just as they have historically in the months of April through June
  • Active inventory for all property types (single family, condo, land) on the Park City MLS in April 2022 was 700 properties, well below the average of 2,041 properties for April between 2013-2019, and 809 in April of 2021
  • Between 2013-2019, inventory has typically been the highest for the given year in June, July, or August, so it’s certainly possible to see a continued increase in inventory over the next few months
  • This year is Park City’s first “real” spring or fall shoulder season since 2019. Many seem to have forgotten that the natural rhythm of our ski town leaves it feeling sleepy and with few visitors – and consequently less home shoppers – from mid-April through late May
  • The average days on market for residential property (condo, townhome, single family) in Park City and the Snyderville Basin held steady at 7 DOM for April; flat from 7 days in March
  • The percent of list price received for residential property in Park City and the Snyderville Basin for April was 101.1%, down from 101.9% in March, but on average properties are still selling above their list price
  • The market remains segmented, with sought-after properties still selling quickly, and at times before being publicly listed, like our most recent listings in Canyon Creek and Blackhawk Station
  • Compared to historical interest rates, current mortgage rates are still quite reasonable, however they feel high do to the speed of the increase and having such historically low rates the last 2 years

Advice and Observations for Buyers

  • Make an Offer
    • Not every property is flying off the shelves instantaneously. If a property checks 80% of a buyers criteria, but they feel the price is too high and there aren’t competing offers, we would encourage them to make an offer even if it’s not at asking price, and then negotiate
  • Don’t Expect a Deal
    • Based on the inventory and days on market data above, this is still very much a sellers market at this time, and we would not advise any buyers to go in expecting a substantial discount
  • Real Estate is a Good Investment and Hedge Against Inflation
    • Real estate has historically been used by investors as a hedge against inflation, and an alternative to the stock market. With inflation forecasted to continue and stocks underperforming, we are seeing some clients diversifying their portfolio into more real estate
  • Utah Still Has a Strong Outlook
    • Park City and Northern Utah still remain a great place to live and work, with strong forecasts for job and population growth, low property and corporate tax rates, and a favorable lifestyle

Advice and Observations for Sellers

  • Don’t Be a Victim to FOMO
    • We don’t want to get ahead of ourselves, but May’s Park City real estate market numbers will be very interesting to observe, and as rates are having an impact on some buyers, sellers who have a Fear of Missing Out on the recent record sales prices may be in danger of overpricing their property and then having to backpedal and reduce their price in order to sell
  • Good Properties Priced Right Still Selling Fast
    • Taking into account the the tangible and intangible aspects of each property before deciding on a final list price has never been more important. Are you building the list price based on market data and demand, or are you trying to justify the sales price based on active listings and having room to negotiate? We would advise the former strategy
  • Work with the Right Agent
    • We are seeing some agents listing homes at exorbitant prices in order to get the listing. We would advise extreme caution with this strategy. Agents that do a higher number of transactions and sell properties specific to your neighborhood, size, and price point will have the best feel for the current market dynamics that affect your home. Hire based on expertise and proven systems even if you don’t love their advised list price, and the market will give you what the property is worth.
  • Pricing is an Art
    • Now more than ever, forming a relationship with a real estate advisor you can trust with a proven track record is paramount. Experience and expertise is what will set the best agents apart who can price your property accurately and confidently, and be honest upfront in the process to set expectations

Choose Park City Real Estate Sales for March and April 2022

  • We put 7 properties under contract for our clients for a total of nearly $9,345,000 in pending sales
  • 8 transactions closed for just over $12,900,000 in sales volume
  • Of our buyers competing against multiple offers, 100% of them had their offers accepted
  • 2 buyers went under contract on properties not publicly listed on the MLS
  • We referred our clients to top performing agents in other markets resulting in 1 successful purchase and 4 other properties under contract

Thanks for reading this months market update, and as always, reach out to us if you have questions on how these numbers will affect you and your situation. Whether you are a possible Park Meadows home buyer, potential Deer Valley home seller, or an interested property investor, we can put the stats and our Park City housing market knowledge to work for you no matter what your needs and interests are. Everyone’s situations are different, so knowing how to apply the data is integral to making wise real estate decisions.

-Brendan Trieb, Choose Park City

Park City’s Running With Ed 2022


It’s May and we hope you know what that means… our favorite event is on the horizon and the stoke factor is high. Park City’s most popular fundraiser & sporting event for the past eight years, “Running With Ed,”  is scheduled for May 21 (rain or shine or snow!) from 8 a.m. – 4 p.m. and promises to be another day full of fun and frolic benefitting special programs within our schools. Now in its 13th year, our goal is to raise $320,000 which is a moderate 6.3% increase over last year’s record breaking tally of $300,000. Park City, we can do this!!!

The Grenney clan/Team Average Joe’s in 2021

Little known fact: 96% of our Summit County tax dollars leave our school district. PCEF funds eight key initiatives which are Preschool, EVA Elementary Visual Art program, after school, STEM, PCCAPS (Park City Center for Advanced Professional Studies), Bright Futures, The Educator Innovation Lab, and Classroom/Express Grants. The Classroom Grants program covers at least 30 different educator ideas every year. As an example, two long-term Classroom Grants programs are PCHS Robotics and Debate.

Last year all Debate competitions were done online, and Robotics was in person, which was super tricky given all the COVID restrictions, yet both programs flourished. The top PCHS Robotics team won Worlds with a record-breaking score, and Debate sent six students to Nationals last summer. Five of those students received Academic All-America awards. For PCHS Debate, this was unprecedented and extremely rare for a public high school. I’m encouraging my two daughters to pursue the STEM track in school, focusing on Science, Technology, Engineering and Math so these huge results warm my heart.

Mad Scientists teachers honored funding for STEM programs. STEM is the nationwide acronym for Science, Technology, Engineering & Math programs.

While we all know Park City residents are arguably the worst when it comes to RSVP’s (any dinner party host would agree) as well as early registrations,  we’re very optimistic that as of this week, we have nearly 1,000 registrants of our total expected participants size of 1,200. Please consider creating a team and registering before the race on May 21st. Register and learn more deets here.  

The Basin Fieldhouse is headquarters again for this celebratory relay race.  The event is structured to appeal to runners and non-runners alike, with varying relay lengths and associated degree of challenge. It’s one of two of Park City Education Foundation’s fundraisers of the year and thanks to the generous support of the event’s sponsors, your donation dollars are stretched even further. Huge thanks to both Intermountain Healthcare and Park City Mountain Resort for their significant 2022 sponsorships as well as all the other local supporters. I even jumped into the sponsorship mix!  

RWE is not about the speed of the race but rather a fun, full day of fundraising embracing the importance our community places on education, with open arms for participants of all skill levels. I love that my whole family can participate, and whether you choose siblings, neighbors, co-workers or hobby groups, you’re encouraged to form a team, have some fun, and support our kids, teachers and schools.

As the co-chair again this year for the 4th year running (no pun intended), I am always so amazed to see this generous community come out in droves to support education. The creativity of costumes floors me every year. Whether it’s stripes and tutus, a play on words, or running robots, PC knows how to get it done in style. And who doesn’t get a kick out of the silliness of the fans lining the course who are sometimes known to break out the silly string or water guns to cheer on the participants?  

Community collaboration and contributions is what it’s all about.

The 26.4-mile relay course offers everything from trail to gravel to pavement, challenging climbs to fast downhills, easy legs for beginners and tough ones for experts. Winding past Olympic venues, iconic landmarks, and neighborhood schools, this is Park City’s best! Here’s this year’s relay breakdown with our notations:

Leg 1 – 3.0 Miles – Basin Recreation Field house to Jeremy Ranch Elementary (flat & easy)

Leg 2 – 1.6 Miles – Jeremy Ranch Elementary to Ecker Hill Middle School (perfect for skippers and walkers, easy peasy)

Leg 3 – 3.5 Miles – Ecker Hill Middle School to the Base of the Utah Olympic Park Ski Jumps (a bit more challenging)

Leg 4 – 5.7 Miles – Base of the UOP Ski Jumps to Parley’s Park Elementary School (the MONSTER leg, which includes running UP the ski jump steps! Save this one for your most serious, hard-core athlete team member)

Leg 5 – 4.5 Miles – Parley’s Park Elementary School to McPolin Elementary School (perfect for your endurance participant)

Leg 6 – 1.3 Miles – McPolin Elementary School to Treasure Mountain Jr High School (nice & flat & easy)

Leg 7 – 4.4 Miles – Treasure Mountain Jr High School to Trailside Elementary School (an endurance leg with some trail running)

Leg 8 – 2.4 Miles – Trailside Elementary School to Basin Recreation Fieldhouse – (The most scenic leg, capturing that BIG VIEW!)

Top fundraisers will be rewarded with tickets, swag, and unique Park City gifts, all donated in support of this great cause.

Hope to see you and your costumed-clad team out on the course this year!

Park City Summer Concert Calendar 2022


Now that the ski resorts have closed in Park City, we’re all transitioning to the warm weather mindset, which means it’s time to make summer social plans – especially with concerts and events back in full force! One of my favorite things to do in the summer months is take time to enjoy all the amazing music around the Wasatch—from big name acts at Red Butte Gardens for a grown up night out, to kid-friendly, free outdoor concerts at Deer Valley Resort.

I’ve rounded up all the concerts that will come to Park City, along with concert venues in the surrounding areas. Here’s the ultimate, highly anticipated 2022 Park City Summer Concert Calendar so you can start making plans and buying tickets.

Click here for the printable PDF to hang on your bulletin board or refrigerator.

Park City Summer Concert Guide 2022
Park City Summer Concert Guide 2022