Park City Summer Music Scene

By Todd Anderson

Jun 25, 2011

Summer seems to finally have established itself here in Park City and with it has come the various summer concert series'. These opportunities represent a great part of the Park City lifestyle and an added value to living in the area. Sounds of summer fill the air in Park City, Utah as free concerts can be heard most nights of the week. Sundays features music at the Park Silly Market from 10-5 on two stages. Also on Sundays are the Concerts at Quarry Village in Pinebrook starting at 5 pm. Tuesdays offer free concerts at the Lodge at Stillwater with their Patio Series offering great views of the Jordanelle Reservoir. Wednesdays features the Mountain Town Music Festival at Deer Valley's Snow Park Amphitheatre at 6pm. Thursdays have music offerings at the Newpark Town Center in the Kimball Junction area of Park City from 6-8pm. Also on Thursday evenings is the concerts in the park and farmers market in Heber City; market starts at 4:30, music begins at 6:30. Plaza Palooza is also a free outdoor concert at the base of the Silver Star Lift every Thursday from 6-9pm. Fridays and Saturdays: Canyons Resort summer concert series begins July 16 offering free concerts Saturdays at 6pm at the Resort Village. Park City offers many opportunities to enjoy music weekend nights, but not as many are free in nature. Other great live music opportunities in Park City can be found in the many local bars and restaurants. Events are constantly being added and with the vast number of listening opportunities it is impossible to catch them all, but nearly impossible to not find a good concert nearly any summer night of the week in Park City, Utah.

Tags: concert, lifestyle, music, Park City, summer, Utah, value
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More of What Makes Park City Valuable

By Todd Anderson

Aug 30, 2010

What Makes Park City Real Estate Valuable? Park City Miner's Day Celebration The upcoming Labor Day weekend traditionally marks the end of summer, and here in Park City, Utah we celebrate it a bit differently. Park City, UT was founded as a mining town rich in silver. The boom here continued until the government went away from the idea of backing the US Dollar with silver; and the relative collapse of silver prices. This made way for the "silver that is mined today" represented by tourism and outdoor activities: skiing, snowboarding, golfing, hiking, biking, fishing, etc. But more than these activities, it is the funky nature of the town and community that make people want to own a vacation home or live here permanently. Things like the upcoming Miner's Day celebration add value and lifestyle differences to our town. Miner's Day in Park City is a full day of celebrations:

The day starts with a pancake breakfast in City Park at 7:00 am (presented by St Mary's Catholic Church)
The Funky 5K Fun Run starts at 8:30 - perfect to work off those pancakes (sponsored by Arts-Kids go http://www.arts-kids.org/events-funky-5k.html to register)
10:45 Features the "running of the balls" down Main St. a fund raiser for Park City Rotary Club (think of a "rubber duckie" race done with tennis balls down Main St.)
At 11:00 am the parade starts down Park City's Historic Main St.
Music in the park will run from 11:45 am - 5:00 pm at the City Park Stage
Noon-3:00 pm keeps you in City Park with a BBQ Lunch (sponsored by DW Healthcare Partners)
Kid's races take off from City Park Stage from 12:30-1:00 pm
From 2-2:45 is the annual Mucking & Drilling Competition - this really puts the life of a miner in Park City into perspective; skiing is so much easier

Miner's Day in Park City, Utah is one of those yearly (this is the 113^th annual celebration) events that is great to attend. You are bound to see friends you haven't seen in a while, and no doubt you will have a great time. Events like the Miner's Day Celebration are what makes Park City a special place to live and part of the lifestyle that adds value to real estate in Park City. For information about how to make the Park City lifestyle yours by purchasing real estate in Park City, contact a realty professional with YouInParkCity.com.

Tags: Labor Day in Park City, lifestyle, Miner's Day, Real Estate, Utah, value
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What is a Real Estate Best Buy?

By Todd Anderson

Feb 21, 2010

As a real estate professional in Park City, Utah the most common question I hear after "How is the market?" is probably "What's the best deal in town?" There are so many factors that go into what a deal is that the question is nearly impossible to answer without asking at least 20 more questions. I generally respond by trying to find out how the prospective Buyer will use the home. With nearly 1500 Single Family Homes and Condominiums available in the Greater Park City area, there are many deals. Often times as we look at a deal, we are looking back and making a comparison to what things were a few years ago. With this as the criteria, there are a ton of great real estate deals in Park City. Unfortunately, they may also have been a deal back then when someone bought the property. We just don't have a crystal ball, and don't know what the future will be in terms of value. The recent influx of bank owned and distressed sales bring many questions about the "deals" in our market. When we make comparisons between the asking price of the bank owned properties and a nearby home or condominium, a very close look needs to be taken in terms of deferred maintenance and what it will take to make this property a true equivalent of the other nearby properties. The risk factor in what may have been covered up (water damage is very common) and what you won't learn about a home due to banks' "as is" and ‘non-occupant" addendums. Distressed sales throw another variable into the picture: Can the home truly be purchased for the advertised price, and if so, how long will it take? Best Buys can take on many different forms in Park City and will be very different for every buyer. A best buy may be the $4 million ski-in/ski-out home that needs $1 million in renovations or it may be the new studio condominium at the base of The Canyons that is auctioned off with an asking price of under $150,000. Sometimes the Best Buy is the home that hasn't been for sale that you've been watching for years that can finally be yours. In the end, it should be the place that is best for you the Buyer, the perfect home or weekend get-away that you will use to its fullest making memories and enjoying the Park City lifestyle. Financing can also play a part of a Park City real estate Best Buy, not only what you can get from a conventional source, but Seller financing options and lease options can make a property a deal. Let us help you in your search for your Park City Best Buy. Contact a real estate professional with YouInParkCity.com .

Tags: best buy, condominium, deal, distressed, financing, home, lifestyle, Park City real estate, sale, seller, Utah
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Park City Real Estate

By Todd Anderson

Oct 02, 2009

Buy It for All the Right Reasons

I recently had someone walk into the office asking questions based on what seems to be the most common theme right now: "What is the best deal in town?" This gentleman then went on to tell me he'd be flying in from Texas to use the home or condominium and reiterated that he was looking for a bargain. I probed for some more background: Do you think you will be using it more in the summer or winter? Are you a skier, golfer, hiker, biker, fisherman, horseman, shopper? Will your family be coming with you? How many bedrooms would you like? Will you be renting it when you aren't using it yourself? Do you picture this as a retreat of sorts or an access point to recreation? Do you envision possibly living in the home full time at some point in the future? How familiar are you with the Park City area? Have you vacationed here in the past? Almost all of the responses were at best vague and ended with "I'm just looking for a good deal". I went on to try and explain that there are great values in just about every neighborhood within Park City. Pricing has retreated back to pre 2005 levels and inventories are high, there is no contesting the fact that we are in a Buyers market. "So what is the best deal in town under $1.5M?" the gentleman asked as he grabbed flyers ranging from a fractional interest condominium to a slope-side home to a horse ranch with 20+ acres and everything in between -asking "what about this area?" for each flyer. During the flyer barrage he mentioned a home he'd seen yesterday and that he was working with another REALTOR® and planning to write an offer - what did I think of X as an offer price (about 35% off the asking price for what most that have been in the home would consider a very well priced Park City home already)? I offered the same advice that I give to my own clients. Take some time and figure out how you will use the Park City or Deer Valley property you wish to purchase. Will it become home, a family vacation get-away, an income producing property, an investment flip or whatever? There are strong values and even some outright "steals" in our market, but many of the values should not be measured by a pure monetary value. What value can you put on the memories, lifestyle and pure enjoyment that owning Park City can bring? While the end result of your purchase in Park City may well prove to be a good investment financially when you decide to sell, the rewards you receive while you own here are truly the right reason to buy Park City real estate.

Tags: Buyer, condominium, deal, Deer Valley, home, lifestyle, market, Park City real estate, property, realtor, value
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