The ski town of Park City Utah started out originally as a mining community so much of the mountains surrounding Park City were once owned by some of the original mine companies. Over the years, Park City has evolved into a world class ski town. The 2002 Winter Olympics helped put it on the map. Since much of the land was privately held by the mining industry it was possible to develop on the mountain as the mining companies started to sell off parcels. The majority of other ski towns have their ski resorts sitting on government held land so they aren’t able to develop homes and condos on the mountain. They are limited to areas at the base of the ski hill.
Ski in ski out property is a premium which can be compared to beach front property.
Park City offers an incredible selection of ski in ski out property to choose from compared to other ski towns. It is generally more affordable than other ski towns due to the better supply. It’s still a premium but a better value when compared to other ski towns which have a very limited amount. In Park City the price per square foot for ski in ski out condos and homes range from about $ 600 to $ 1500 per square foot compared to other communities running closer to $ 1000 to $ 2000 a square foot.
There is also a better selection of new construction ski in ski out condos and homes in the Park City area. Many other ski towns have already built in their prime locations many years ago. In Park City they are currently building new homes and condos in some of the most prime locations for ski in ski out property. Many of the projects are pre-construction and so buyers generally need to only put 10-20% down prior to completion for many of these newer projects.
You can find a great selection of new projects at the Deer Valley Resort and the Canyons Resort. Park City Mountain Resort has a limited amount of new construction projects but does offer some. The famous St.Regis is also building a luxury Resort & Residences with full ownership opportunities at the Deer Valley Resort.
So if you are in the market for a second home in a ski community and desire a ski in ski out property than you should take a look at the Park City Real Estate marketplace.
Julie Olsen is a full-time Park City Realtor. Visit her website to learn more about Park City & Deer Valley Real Estate at www.BestSkiProperty.com. Visit her Park City Blog to read about Park City Real Estate News where she regularly posts on the Park City & Deer Valley Real Estate Market.