Thursday, December 29, 2011

The Holidays are Here

It is the week between Christmas and New Years which is one of the busiest weeks of the season here in Park City. In spite of the lack of snow visitors are having a wonderful time skiing and walking around the shops and restaurants on Main Street in unseasonably warm weather. [Continued]

[We're moving! Please visit DennisHanlon.com for blog posts and the latest in Park City real estate news.]

Friday, December 23, 2011

Merry Christmas

It's Christmas week, the town is full and it's snowing! While we terribly-spoiled locals consider the skiing right now to be quite average, all of the visitors that I've spoken to are having a lot of fun. Kudos to the snowmakers and groomers for doing an incredible job of making snow and grooming it so that everybody is having as much fun as possible. [Continued]

[We're moving! Please visit DennisHanlon.com for blog posts and the latest in Park City real estate news.]

Wednesday, December 14, 2011

Let the Holidays Begin

So, we're five days from the start of the Christmas holiday here in Park City and while the snow has certainly been on the scarce side, it's been cold and all the resorts have been working to make snow as hard and fast as they can. I was out skiing over the weekend and conditions were surprisingly good. Of course we here in Park City are pretty spoiled as we normally have a much deeper snowpack by this time of the year, but it will come and resorts continue to make new snow and open new trails everyday.

This morning I was at the Waldorf Astoria hotel at Canyons Resort and heard about a new program with Talisker, Canyons, and Deer Valley. Talisker Club members have always had access to the Talisker lounge on mountain in Deer Valley and the golf course and spa at Tuhaye among many other amenities. Talisker purchased the Canyons resort a few years ago, and since the purchase have put many millions of dollars of upgrades into the resort, and now have included with the Talisker membership, amenities at Canyons Resort as well. These include valet parking right up at the resort (no need to take the people carrier lift up), members-only lounge at the Plaza and a members-only restaurant at mid-mountain Canyons. Talisker Corporation recently purchased the Waldorf Astoria hotel at the base of Canyons and is opening up memberships in Talisker Club to their owners as well. They're offering a very nice incentive for new owners who wish to try out the Talkisker Club by allowing new owners at the Waldorf Astoria to become members of Talisker Club for three years at 50% of the annual dues and the initial deposit buy-in not due until year four. This is a great program for owners to try out and discover how wonderful all the amenities of the Talisker Club are while owning a condo at the beautiful Waldorf Astoria Hotel.

Continuing with my theme from last week of talking about exceptional buys going into the ski season there are a couple more I would like to point out. First is a 3-bedroom condo in the Chateaux at Silver Lake at mid-mountain Deer Valley. The Chateaux is a wonderful hotel being run by the Stein Eriksen Lodge--a Forbes 4-star hotel--and right across the street from the lifts at mid-mountain Deer Valley. The Chateaux has a restaurant, a very comfortable bar and lounge with great views of the mountain, fitness room, spa, outdoor pool and whirlpool and full concierge service. The Chateaux offers conference facilities and therefore is heavily booked year-round. This particular 3-bedroom unit is priced well below recent comps at $1.295 million and has in the past generated around $100,000 per year in gross rental.

In Lower Deer Valley there's a project called Silver Baron Lodge right across from the parking lots at Deer Valley. There are 2- and 3-bedroom units in here that are priced very competitively, from the high $600,000s to the mid $700,000s. These are also terrific rental properties and are booked all year long.

Also in lower Deer Valley is a development called Daystar. In Daystar there is a beautifully remodeled uphill, (the preferred floor plan), unit with excellent views of Deer Valley. The owners of this unit had a kitchen designed specifically for this unit and is much larger and open than the original model. This is a 3 bd unit with hot tub, 2 car garage and is priced at $815,000.

With the Christmas holiday coming up in just a few days, the town is abuzz with activity with everyone looking forward to a very busy and hopefully snowy holiday. The first couple weeks of January are typically very slow which makes for a great time to visit and ski the local resorts. So plan your vacation and as always, please contact me for the latest on ski conditions, new restaurants and the "must-do" activities around town.

Saturday, December 10, 2011

Big News!

My website, DennisHanlon.com has been fully redesigned! As such, we're going to be transitioning this blog into the blog on that site, eventually moving it away from this page entirely. Please take a look and let me know how you like it!

Tuesday, December 6, 2011

We're Skiing!

Deer Valley opened Saturday with 16 runs and ten lifts open. Not a bad start for opening weekend. While I have seen better conditions for opening day, I have also certainly seen much worse. On the runs that were open the coverage was quite excellent and the skiing was pretty fun. The weather turned quite cold last Friday and as the weekend progressed, steadily got colder which means that snow making has been going full-speed, nonstop since Friday. I expect by this weekend we will see at least two more lifts open and several more runs particularly over on the Northside area. That's the good news, but unfortunately it doesn't look like there's any significant snow in the forecast for at least a week.

As is customary, on Deer Valley's opening weekend, we had the Deer Valley Celebrity Classic Ski Race. This is a yearly event and is a fundraiser for support the Waterkeeper Alliance, a clean-water advocacy group. Though the celebrities that show up are not necessarily the most well-known, the fun is in watching our local celebrities. Phil and Steve Mahre, Heidi Voelker, AJ Kitt all former members of the US Ski Team. Watching them you can see that the competitive juices have not left.

It looks like plans are starting to come together for a celebration of the 10th anniversary of the Olympic winter games that were held here in Park City. There is talk of once again closing Main Street to vehicles, making it a pedestrian-only event with music and other events commemorating the 2002 Winter Olympics that were such a success. As this event starts coming together, I'll certainly let you know of it. This would be an event to make plans to come out and partake in.

In part of my efforts to stay as current as I can on the market I am constantly going out and looking at what's new and what's good. Last week I toured two areas of Deer Valley, the first being Empire Pass and the second the Silver Lake area at mid-mountain Deer Valley. The first thing that struck me was how little there is available. We've been talking for years that in spite of all the condos that were on the market in Empire Pass nothing new was being built and it would not be long before there was a shortage of available product. Well, this time has come. However, one place that is available and struck me as being one of the better buys, is a penthouse unit in the Arrowleaf building in Empire Pass. This is a true ski-in/ski-out, top floor unit with vaulted ceilings and spectacular views of Deer Valley. The unit features large windows, is beautifully furnished, comes with the full Talisker Club membership, and is listed for $2 million. Of everything that I saw in Empire I feel that this one is probably the best unit available.
Photo courtesy of the PCMLS

In the Silver Lake area of Deer Valley, I feel from everything that I've seen the best condo available is a 3-bedroom Stag Lodge in the main building where you literally walk out your door and you're standing on the ski slopes. This unit is also beautifully furnished and updated, has large windows to take in the views, and is listed for $2.8 million. While these are my favorites and what I feel are the best buys in each area, there is certainly a wide variety of homes and condos to choose from.
Photo courtesy of the PCMLS

Ski season is here, the town is buzzing with anticipation, and rental condos are filling up for the season. So if you haven't already done it, book your vacation and feel free to either call or email me for the locals' inside information on ski conditions.