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RISING STAR REALTORS

 

Castles to Cottages to cabins

 
 

RISING STAR REALTORS Biography

Welcome to our home! Park City is a fantastic gateway to experience all that Utah has to offer. If you've arrived in Park City and are looking for an adventure you should contact one of our dedicated REALTORS® today. Allow us to show you the ropes of our amazing community. We'll provide you with a local's perspective of events, restaurants and where the best powder can be found.

Use our City Guide to find Restaurants, Night Clubs or your Hotel accommodations!

 

Have questions about any of our posts or want to know more?

Contact Us Today!
(435) 649-3680

Email:
RisingStarRealtors@gmail.com

 

Location

Silver Star Plaza
Park City, Utah 84060

 

Hours

Mon-Fri 8a–6p
Sa-Su 9a–3p
 

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OUR LISTINGS 

ADDITIONAL PARK CITY LISTINGS 

CLICK AND SEARCH


OUR FEATURED LISTING

WELCOME TO CASCADE

Call Alan Long (435) 649-3680 today for additional information and our open house schedule.  

Iconic, One of a Kind, an Irreplaceable Fortress.
Park City, Utah

Welcome to Cascade

Designed by world renowned designer Wallace Cunningham whose genius and execution has created one of the most important pieces of Architecture in America!

This is a Steel, Concrete, Glass and Stone structure that cascades perfectly, artfully, along the Mountain side.

This piece of Art was six years in the making and only recently completed. It sits privately, perfectly on 5.63 view acres.

2016 Year-end Statistics Press Release

Our market area is complex and constantly changing and evolving with micro-markets dividing product by property type, location, price, age, and amenities. Call Rising Star Realtors to discuss what is happening in your neighborhood. 

P R E S S   R E L E A S E  from the Park City Board of REALTORS®. 

Park City, Utah – February 1st, 2017

2016 year-end housing statistics for Summit and Wasatch Counties, as reported by the Park City Board of REALTORS® Multiple Listing Service, show that over the past four years, the number of closed, pended, and active listings has continued to trend at a healthy and stable rate, with an averaged median price increase of 7.5% annually. However, in 2016, the median sales price for single-family homes, condominiums, and vacant land increased at a rate double that number. Overall, the quantity of sold properties did not increase sharply over previous years, yet the dollar volume for our entire market area was up 18%.

President of the Park City Board of REALTORS®, Sara Werbelow adds, “We have experienced a sustainable growth trend for several years. Areas surrounding Park City Proper, such as the Heber Valley and Jordanelle, are proving to be a consistent and robust draw for both primary and secondary homeowners, as buyers are capitalizing on new construction and great value.”

Single-Family Home Sales

Activity within the City Limits (84060)

With limited inventory and high demand for single-family homes within the City Limits, the median price climbed to $1.69 M.

  • Lower Deer Valley doubled in the number of homes sold and saw a 15% increase in median price reaching just under $2.2 M.

  • Park Meadows, consistently in high-demand, experienced seven fewer sales than in 2015 but ended the year with a slight increase in the median price to $1.59 M.

  • The number of sales in Prospector was on par with last year, but median price rose 13% hitting $833,000.

  • Old Town, with seven fewer closed sales than in 2015, ended the year with a median price of $1.48 M – up 12%.

Activity within the Snyderville Basin (84098)

With 366 home sales in 2016 – a 7% increase over last year, the Snyderville Basin accounted for the highest dollar volume in our market area with a median price reaching $968,000.

  • With 46 closed sales – 12 more than the previous year, Trailside took a lion’s share of activity in the Basin and also increased 13% in median price to $723,000.

  • Jeremy Ranch averaged one sale per week, with a total of 52 closed sales – 11 more than in 2015, and held on to a median price of $922,000.

  • The number of sales in the Canyons area went from nine to 23, several of which were in the Colony, ending 2016 with a median price of $5.89 M.

  • Silver Springs had ten fewer sales than last year, showing some market resistance to rising home prices in that neighborhood. The median price also dipped slightly to $897,000.

  • Kimball Junction saw more activity than last year with 16 closed sales and a 12% median price increase to $553,000.

  • Promontory climbed 20% in median price, reaching $2 M, and kept pace with last year’s number of sales.

Activity within the Kamas Valley

Overall, single-family home prices in the Kamas Valley rose 22% in 2016, compared to the previous year, with a median price reaching $380,000.

  • The Oakley / Weber Canyon area accounted for half of the total number of sales in the Kamas Valley with 45 and ended the year with a $387,000 median price.

  • Woodland / Francis saw more activity than in previous years and held on to a median price of $428,000.

Activity within the Heber Valley

With 359 home sales – 111 more than in 2015 – the Heber Valley rivaled the Basin’s number of units sold seeing areas of hot activity, with a median price of $394,000.

  • Midway / Charleston had 29 more sales than last year – which is a 38% increase, with a median price was $480,000. Approximately 40% of the homes in Midway are second-homes.

  • The Heber City / Daniels area accounted for the bulk of the single family home sales in the Heber Valley with a total of 214 – that is 83 more than 2015. The median price of a home gently coasted to $359,000.

Park City Board of REALTORS®’, Statistics Committee Chair, Carol Agle explains, “Our market area has a bifurcated buyer pool. The market resistance for single family homes seems to be at the $1 million price point and consumers have started to erase any preconceived, artificial delineation of zip codes and addresses.”

Condominium Sales

With 318 condominiums sold in 2016, Snyderville Basin (84098) outpaced the Park City Limits (84060) by 15 units. Despite double-digit price increases in both zip codes, demand continued to be strong in both the City Limits and in the Basin with the median price of $685,000 in town and $468,000 out of town.

City Limits

  • Old Town had the highest number of closed sales by neighborhood within the City Limits, averaging two per week with 118 and saw a 26% jump in median price to $568,000.

  • Park Meadows had ten fewer sales than the previous year and crept along with a median price close to last year’s number at $565,000.

  • Lower Deer Valley, with 24 fewer sales than last year, was up slightly in price to $831,000.

  • Prospector, the most affordable neighborhood within the City Limits, had a median price of $139,000.

Snyderville Basin

  • With new product closing at Canyons, that area had an uptick in quantity sold, averaging ten sales per month, and saw a 53% jump in median price to $615,000.

  • Due to large projects closing at the end of 2015, the Kimball Junction area experienced a decrease in the number of units sold in 2016 but finished the year with a solid 79 closed sales, which is close to two sales per week.

  • The Pinebrook area had a solid year with 63 units sold and maintained a steady median price of $437,000.

  • The appeal of new product in the Jordanelle area kept buyers’ interested, as can be seen by a 28% increase in the number of sales and median price of $479,000.

Looking Ahead

The number of active properties has remained surprisingly consistent over the last several years, with 1,840 currently listed on the Park City MLS. Prices in our market area have continued to rise year-over-year as both primary and secondary homeowners desire to live, work, and play in Summit and Wasatch Counties. Finding affordable property in certain areas remains challenging with high demand, limited inventory, and rising home prices. Buyers continue to look for value and affordability in outlying communities. With the average home remaining on the market between 7 – 11 months, properties listed at or below their neighborhood median price sell almost 4 times as quickly.

Our market area is complex and constantly changing and evolving with micro-markets dividing product by property type, location, price, age, and amenities. Buyers and sellers are advised to contact a local Park City REALTOR® for information on what is happening in your neighborhood.

 

 

Have questions about any of our  posts or want to know more?

Call Us Today!

(435) 645-0686

 

Location

Silver Star Plaza
Park City, Utah 84060

 

Hours

Mon-Fri 8a–6p
Sa-Su 9a–3p
 

RESTAURANTS

BAJA CANTINA 
MENU & RESERVATIONS

Address: 1284 Lowell Ave, Park City, UT 84060
Phone: (435) 649-2252

Chimayo Restaurant
RESERVATIONS

Address: 368 Main St, Park City, UT 84060
Phone: (435) 649-6222

Glitretind Restaurant
MENU & RESERVATIONS

Address: 7700 Stein Way, Park City, UT 84060
Phone: (435) 645-6455

Grappa Italian Restaurant
Menu 

Address: 151 Main St, Park City, UT 84060
Phone: (435) 645-0636

Purple Sage
Menu

Address: 434 Main St, Park City, UT 84060
Phone: (435) 655-9505

Reef's Restaurant
Menu & REservations

Address: 710 Main St, Park City, UT 84060
Phone: (435) 658-0323

Riverhorse on Main
Menu & Reservations

Address: 540 Main St, Park City, UT 84060
Phone: (435) 649-3536

Silver restaurant
Menu

Address: 508 Main St, Park City, UT 84060
Phone: (435) 940-1000

 

NIGHTCLUBS

Boneyard saloon & Wine 
boneyardsaloon.com

Address: 1251 Kearns Blvd, Park City, UT 84060
Phone: (435) 649-0911

Butcher's chop house & bar 
ButchersChophouse.com

Address: 751 Main St. Park City, UT 84060
Phone: (435) 647-0400

Cisero's Good Times Bar 
Ciseros.com

Address: 306 Main St, Park City, UT 84060
Phone: (435) 649-6800

Downstairs
Downstairspc.com
 

Address: 434 Main St, Park City, UT 84060
Phone: (435) 655-9505

No Name Saloon & Grill
NoNamesaloon.net

Address: 447 Main St, Park City, UT 84060
Phone: (435) 649-6667

O'Shucks Bar & Grill
Oshucks-ahhsushi.com

Address: 427 Main St, Park City, UT 84060
Phone: (435) 645-3999

O.P. Rockwell
Oprockwell.com

Address: 268 Main St, Park City, UT 84060
Phone: (435) 615-7000

The Spur bar & Grill
thespurbarandgrill.com

Address: 352 Main St, Park City, UT 84060
Phone: (435) 615-1618

The Cabin
ThecabinParkCity.com

Address: 825 Main St, Park City, UT 84060
Phone: (435) 565-2337

HOTELS

Deer Valley REsort 
Reservations

Address: 2250 Deer Valley Dr, PC, UT 84060
Phone: (435) 649-1000

Goldener Hirsch inn 
Reservations

Address: 7570 Royal St. Park City, UT 84060
Phone: (435) 649-7770

Hotel Park City 
Reservations

Address: 2000 Park Ave, Park City, UT 84060
Phone: (435) 200-2000

Montage Deer Valley 
Reservations

Address: 9100 Marsac Ave, Park City, UT 84060
Phone: (435) 604-1300

Park City Marriott
Reservations

Address: 1895 Sidewinder, Park City, UT 84060
Phone: (435) 649-2900

Silver King
RESERVATIONS

Address: 1485 Empire Ave, Park City, UT 84060
Phone: (435) 649-5500

Stein Eriksen Lodge
Reservations

Address: 7700 Stein Way, Park City, UT 84060
Phone: (435) 649-3700

THE St. Regis Deer Valley
RESERVATIONS

Address: 2300 Deer Valley Dr, PC, UT 84060
Phone: (435) 940-5700

THE YARROW HOTEL
RESERVATIONS

Address: 1800 Park Ave, Park City, UT 84060
Phone: (435) 649-7000