Canyons Resort Real Estate Prices and Vail Resorts

By Todd Anderson

May 31, 2013

The announcement that Vail Resorts will be the new operators of Canyons Resorts has been big news in Park City the past few days. There are many questions about how it will impact the resort employees at Canyons. The biggest question likely lies in the litigation over the land lease with Park City Mountain Resort, but we can’t answer that yet. Overall initial impressions thus far indicate that the change will be positive for Park City and a big plus for area skiers and snowboarders. How will it affect Park City real estate? <img src="http://blogs.realcove.com/youinparkcity/files/2013/05/RB_E0Q5385-300x200.jpg" alt="photo credit Canyons Resort and Rob Bossi http://canyonsresort.com photo credit Canyons Resort and Rob Bossi

Vail brings with it a large marketing presence and a huge database of skiers and snowboarders. Recently the resort operator has been shifting its model to focus efforts on resort revenue rather than real estate development. One of the main focus points of this effort is the Epic Pass. Vail Resorts will include Canyons in its Epic Pass program which offers skiers and snowboarders unlimited access to Vail, Beaver Creek, Breckenridge, Keystone, Northstar, Heavenly and Kirkwood all for $689. The impact of this should be huge for Canyons which saw 450,000 skier days last season. The pass is sold to not just locals, but to skiers and snowboarders worldwide (last year saw buyers from 70 different countries). Anyone looking to ski a week at one of Vail Resorts operations can cut their vacation costs by purchasing an Epic Pass and open up the opportunity of skiing in Colorado, California, Utah, Austria and Switzerland all on one ticket. Go to Snow.com/epic-pass for more.

The impact of all the Epic Pass holders having essentially free lift passes at Canyons Resort as an added bonus to their pass purchase will undoubtedly bring more skiers and snowboarders to Park City. Home and condominium owners in Park City already know about the easy access and great offerings that are here, but this will open the area up to a whole new set of visitors. The added exposure to Canyons Resort and Park City will lead to increased demand for local real estate and drive up prices as well as add to the rental revenues of current owners.

There are many factors to real estate prices and we don’t have a crystal ball to see the future, but what Vail Resorts brings to Canyons and local Park City real estate should only prove positive.

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Tags: canyons, canyons resort, Epic, Park City, pass, Real Estate, Skiing, snowboarding, vail, Vail Resorts
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Park City Ranks Best in Ski Magazine

By Todd Anderson

Sep 24, 2008

Park City scores again with 3 resorts in SKI Magazines top 15 ski resorts in North America! SKI Magazine released its annual reader's survey and Deer Valley has retained its top spot as the # 1 ski resort in North America. Park City Mountain Resort moved up from sixth to fifth place and The Canyons jumped from 18^th to 13^th place. In short another great year for the Park City ski resorts! Skiers and resort home buyers today are looking for more than just the skiing; they are looking for a total vacation experience. A Park City vacation starts with the ease of getting to the slopes from Salt Lake City Airport (only 30 minutes away), extends to the night life of Main Street, shopping and other entertainment for the non-skiers, cross country skiing and snow shoeing represent just some of the experience that goes far beyond Park City's 3 Ski (and snowboard) Resorts. Deer Valley has been ranked #1 four out of the past eight years. They continue to be ranked #1 in service, food and grooming year after year. Deer Valley limits itself to 6,500 skiers per day skiing on its two thousand plus acres. The limitation is set not by how many people the mountain can handle, but by how many skiers the resort can handle in terms of food service. Un-crowded slopes lead to a great experience. For accessibility Park City is by far the best ski location in North America, offering free skiing on your day of arrival. None of others can this offer this convenience. These great reader poll results should make Park City real estate the beneficiary of more people putting Park City into their ski plans. Park City is more and more being recognized as one of the premier ski and resort destinations in the world. It remains on a cost /value comparison a better value than Vail or Aspen. The fact that interest rates are currently very favorable (although tougher in terms of qualifying) bodes well for real estate sales. Great ratings from skiers and snowboarders will keep Park City real estate desirable to own and help to keep property values here high. All three Park City Ski Resorts and the city itself are very pleased with the ratings again this year. SKI Magazine Top Ten North American Ski Areas: