Park City Blog

Local Business Love: White Pine Touring

By Berkshire Hathaway HomeServices Utah Properties
Mar 03, 2016

White Pine Touring is a staple provider of Park City reacreationalists. From Backcountry ski set-ups, to fat tire bikes, skate ski gear, helmets, alpine boots, mittens, backpacks, and all things merino wool, this locally-owned gearage has you covered.

Beyond gear, White Pine maintains a beautiful skate and cross-country ski track on the Park City golf course that offers lessons and rentals for first timers. Additional offerings include guided snowshoeing, ski touring, avalanche safety classes, rock climbing, etc... If you're looking to expand your adventure horizons and find news ways to play in the mountains, you should probably stop by...get your skis tuned while you're at it.

WHITE PINE TOURING - 1790 BONANZA DRIVE, PARK CITY, UT 84060     •      PHONE 435.649.8710

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The Only Guide to PC You'll Need.

By Berkshire Hathaway HomeServices Utah Properties
Feb 25, 2016

We have a pretty big crush on our mountain town. From its 300 miles of trails, outdoor concerts, two world class ski resorts, and spiffy real estate, Park City offers both culture and lifestyle, luxury and community, mountains and merriment. Here is where eat, shop, and play.

You had us at the concrete entrance. Park City Library...if you like contemporary spaces, not to be missed. 

Eat

High West Whiskey Distillery and Restaurant

703 Park Ave Park City, UT 435-649-8300

High West is one Park City’s best culinary haunts. This saloon styled restaurant offers in-house award-winning whiskeys and new-style western dishes. We recommend the Elk Medallions and with a Dead Man’s Boots.

Handle

136 Heber Ave Park City, UT 84060 (435) 602-1155

This farm-to-table American eatery offers the best of locally sourced delights in creative dishes. Beyond the stellar food, we love the contemporary flair of the interior and the fun cocktails. We recommend the squash salad, diver scallops and clams, and the beignets.

Billy Blanco’s

8208 Gorgoza Pines Rd, Park City, UT 84098 (435) 575-0846

Park City’s best Mexican food can be found out in Pinebrook. Billy Blanco’s offers tasty tacos, salsas, and burritos in a family fun setting. We recommend the Mango Guacamole, Baja Fish Tacos, and the Fajitas.

Shop

Flight Boutique

545 A Main Street, Park City, UT 84060 (435) 604-0806

This cute Main Street boutique offers curated women’s fashion lines that we love. Being in a mountain town doesn’t mean just wearing Gore-Tex, Flight sees to that.

Dolly’s Book Store

510 Main Street, Park City, UT 84060 (435) 649-8062

This Main Street literary retreat is one of Park City’s cornerstones. Conveniently located in the same spot as Rocky Mountain Chocolate Factory, Dolly’s has a lovingly selected array of everything from Young Adult, to Non-Fiction, to beautifully crafted Thank You cards.

Splendor Beauty Emporium

1635 Redstone Center Dr # 125, Park City, UT 84098 (435) 575-1800

This darling boutique located in the bustling Redstone center carries everything from high end hand creams, to organic face wash, to Nars make-up, to yummy smelling candles. It’s also a great place for a facial or a make-over.

Night Out

328 Main St, Park City, UT 84060 (435) 649-9371

The Egyptian Theatre is one of the cultural centers of the community. In addition to being one of the host theatres for the Sundance Film Festival, the Egyptian offers a wide array of performances from bands to musical theatre.

Ski Gear

Jan’s

1600 Park Avenue Park City, UT 84060 435-649-4949

Jan’s has everything you need to spend a comfortable day on the hill. With its custom ski boot fittings, outwear lines, and ski rental program, this Park City owned and operated shop sets you up for success on the slopes.

Gorsuch

355 Main St, Park City, UT 84060 (435) 731-8051

Known for its elegant outerwear, stylish lifestyle clothing, and luxury home brands, Gorsuch ensures a degree of refinement whether you’re skiing or hosting.

Apres

No Name Saloon

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

One of Park City’s most colorful haunts, No Name, as it’s known to locals, offers great bar eats, a wide selection of craft beers, and blood-warming cocktails. The interior is a tribute to western culture and make an evening out a memorable experience.

 

 

Second Quarter Market Update

By Berkshire Hathaway HomeServices Utah Properties
Aug 03, 2015

Current Park City Market Overview

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Second Quarter stats are out. As ever, Park City's multi-faceted resort market remains complex. After carefully reviewing the numbers and interpreting them, here are our thoughts.

-Our market is stable. While we are seeing gradually increasing prices and growth, it is measured and steady. There are no alarming trends with regards to sales price or inventory.

-Buyers have options. While listing inventory feels constrained in the under $1 million market, new builds and good turnover in several of our neighborhoods mean that buyers still have a lot of options. In fact, taken as a whole our inventory is the highest it's been since 2007.

-Two trends, one market. Homes valued under $1 million seem to be experiencing price increase; whereas, homes valued above $1 million seem to be readjusting. For example, the average sales price of single family homes in Park Meadows actually decreased this quarter and has been trending down this year.

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Current Pricing

IN TOWN (YTD)

Old Town Single Family Homes

Average Sale Price: $1.5 million

Median Sale Price: $1.2 million

Sales (Year to Date): 26

Upper Deer Valley Single Family Homes

Average Sales Price: $3.4 million

Median Sales Price: $2.8 million

Sales (Year to Date): 7

Prospector

Average Sales Price: $885,000

Median Sales Price: $835,000

Sales (Year to Date): 3

Park Meadows Single Family Homes

Average Sales Price: $1.6 million

Median Sales Price: $1.4 million

Sales (Year to Date): 31 (up from 24 when compared to same time last year)

Total Park City Limits Single Family Homes

Average Sales Price: $1.9 million

Median Sales Price: $1.5 million

Total Sales (Year to Date): 82 (up from 75 in 2014)

Notes on in town pricing: When compared to last year, the average price of a Park Meadows Single Family Home DECREASED by 9% when compared to last year. In Thaynes Canyon, the average sales price similarly decreased by 15% when compared to last year. Contrarily, the average sales price of single family home in Prospector increased by 9%. Again, we seem to be seeing a readjustment of pricing above $1 million in traditionally local residential areas.

BASIN 

Sun Peak/Bear Hollow Single Family Homes

Average Sales Price: $1.3 million

Median Sales Price: $852,000

Total Sales (Year to Date): 30 (up from 25 at the same time last year)

Silver Springs Area

Average Sales Price: $988,000

Median Sales Price: $978,000

Total Sales (Year to Date): 16 (down from 19 last year)

Pinebrook

Average Sales Price: $833,000

Median Sales Price: $797,000

Total Sales (Year to Date): 22

Jeremy Ranch

Average Sales Price: $956,000

Median Sales Price: $881,750

Total Sales (Year to Date): 20 (0% change from last year)

GOLF COMMUNITIES

Glenwild/Silver Creek

Average Sales Price: $1.4 million

Median Sales Price: $1.2 million

Total Sales (Year to Date): 21

Promontory

Average Sales Price: $1.7 million

Median Sales Price: $1.6 million

Total Sales (Year to Date): 27 (up from 15 last year)

Community Spotlight: Park City's New Library

By Berkshire Hathaway HomeServices Utah Properties
Jul 21, 2015

We love our library.

Park City Library recently re-opened its doors after a prodigious renovation that included massive changes to both the interior and exterior. The result: one of the finest community gathering spots we've ever seen.

The new design seamlessly integrates the beloved brick facade of the historic High School with modern elements such as board form concrete, glass-walled conference rooms, Apple computers, installation art, etc... The airy light and colorful decorative elements bring life to a public space once associated with persnickity librarians saying, "shush."

In addition to housing a wealth of page-turners, the entrance is home to Park City Coffee Roasters and the neighboring dog park remains a favorite Bark City haunt. There are numerous big screen Macs, video editing stations, startup meeting areas, and kids features. In short, our library is a world class facility that does credit to our community.

If you haven't already, go pay the place a visit!

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Kids area includes a new reading nook and climbing area. Kids area includes a new reading nook and climbing area.

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Park City Coffee Roasters entry. Park City Coffee Roasters entry.

You had us at the concrete entrance. You had us at the concrete entrance.

Utah Olympic Park Re-Opening

By Berkshire Hathaway HomeServices Utah Properties
Jun 26, 2015

After $1 million in improvements by the Eccles family, the Utah Olympic Park will debut its new its ramps this weekend. Park City continues to be a hub of national and olympic athlete teams, which helps preserve the authentic mountain character of our community.

We are stoked to see this generation's athletes launch off this Saturday in their much deserved new training facilities. There are already rumors of Salt Lake being the site of another Olympic games. These additions to UOP are certain to help make that a reality.

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In Conversation with Kim McClelland and Deer Valley Lodging

By Berkshire Hathaway HomeServices Utah Properties
May 13, 2015

As part of BHHS Utah's "In Conversation with..." series, we sat down with Kim McClelland, Director of Lodging Operations for Deer Valley Resort. We were interested to see if McClelland had witnessed any outstanding trends, how business had been throughout the season, and any noteworthy visitor behaviors. 

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Although “The Greatest Snow on Earth” was conspicuously absent this winter, Park City’s three resorts successfully utilized their snow making and grooming capabilities to continue to provide a world class experience to visiting and local skiers.

So the obvious question is what impact did the paucity of snow have on Park City’s business activity? The answer is surprising little. Because of the outstanding capabilities of the resorts to make snow, combined with the strong brand identity Park City has built over the years and its ease of access, business has been very strong throughout the community.

Restaurants appear to be pacing ahead of last year. A number of business owners in the service industry are reporting gains in the range of 6% to 10% over last year. The lodging community is also reporting business levels that are up, and everyone is anticipating a strong finish to the season. At Deer Valley, our lodging numbers are pacing ahead of last year by 9%.

This season brought a strong influx of international travelers, which significantly supported business levels. According to our stats, Australia accounted for the largest number of international visitors followed by Mexico and Brazil. Domestically, our #1 destination market remains California followed by Texas, New York, New Jersey and then rounding out the top 5 is a virtual tie between Florida and Illinois.

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The unseasonably warm temperatures and lack of snow on the West coast and along the Northwest corridor most probably resulted in more Park City visitors. Special events like the Sundance Film Festival, Visa Freestyle International World Cup at Deer Valley and the Grand Prix races at Park City continue to draw additional pulses of visitors and media attention.

Overall, the consensus around the community was that the 2014-15 ski season was a successful one, with business activity pacing at least as well as last year if not a little better. That is an amazing accomplishment given Mother Nature’s lack of cooperation this year. This season’s success stands as a testament to Park City’s recognition as one of the premier destinations in the country.

Kim McClelland

Director of Lodging Operations

Deer Valley Resort

Big Stars, Bright Nights Summer 2015 Line Up

By Berkshire Hathaway HomeServices Utah Properties
Apr 06, 2015

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We are thrilled to see this summer’s outstanding cast of performers at the Deer Valley Concert series. There’s a great mix of musical genres and all the artists are legends. It’s great to see our town build on its already tremendous cultural offerings.

  • June 30 Smash Mouth, Toad the Wet Sprocket and Tonic
  • July 3 "Taste of 'Treme'" featuring the Dirty Dozen Brass Band, Funky Meters and Lucia Micarelli
  • July 16 Warren Haynes and Gov't Mule
  • July 23 Easton Corbin and Parmalee
  • July 30 Esperanza Spalding, Anna Wilson and Perla Batalia
  • Aug. 4 Grace Potter and the Nocturnals
  • Aug. 15 Chris Botti and Joshua Bell
  • Aug. 22 The Gipsy Kings, featuring Nicolas Reyes and Tonino Baliardo
  • Aug. 29 Lee Brice
  • Sept. 6 Aloe Blacc
Tickets go on sale for Park City Institute members on Monday, April 6, at 10 a.m. by phone at 435-644-3114 or at the box office at 1750 Kearns Blvd. Tickets for the general public will be available starting Monday, April 20.

 

Upcoming Spring Skiing Events

By Berkshire Hathaway HomeServices Utah Properties
Mar 19, 2015

Spring skiing in Utah is a rite of passage. Locals greet the month of March with great enthusiasm in anticipation of Spring Gruv, Pond Skimming, and on-mountain Easter egg hunts. It’s an ideal time to ski with kiddos—the sun is out; the weather is warm; and, there are a variety of fun events.

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Here are some spring events we look forward to every year.

Pond Skimming and Spring Gruv at Canyons Resort 3/20-3/29

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On March 21st, Canyons Resort will launch its 8th annual Spring Gruv, which includes 10 days of live concerts in the Resort Village as well as the much beloved Pond Skimming Contest. Locals and visitors alike flock to Red Pine Lodge to watch contestants wearing inventive costumes attempt to cross a 100-foot pond on skis or snowboard. The competition is kicked-off with traditional Swiss Horns (to convey the seriousness of this event ;) ) and is followed by a live performance. This year’s featured musical act is Nahko and Medicine for the People. Trust us, you don’t want to miss this one.

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 Snowasis and PCMR Easter Egg Hunt 3/28-4/5

PCMR’s family carnival features 9 days of live music, avalanche dog meets, a movie night, and culminates in the much loved Easter Egg Hunt. The scavenger hunt for Easter eggs covers the entire ski area and anyone with a pass can join the search. Prizes include coupons for food, gear, tickets, and the golden egg holds a free season pass within. Younger kids can meet the Easter bunny and enjoy fun activities.

All three resorts have a pretty big blow out part on the last day of the season. Probably April 12th this season. Costumes and smiles are encouraged.

What creates a company culture? Community giving. Camaraderie over competition.

By Berkshire Hathaway HomeServices Utah Properties
Mar 09, 2015

We care passionately about supporting the needs of our community. Civic involvement forms the foundation of our company culture at Berkshire Hathaway Utah Properties. As a company we gave $110,000 in community donations last year; just as importantly, according to a survey we sent out to our 400+ agents, 80% of respondents are actively involved as volunteers and 90% identified as regular donors to non-profit organizations. As a company, we are inspired by the great humility and example shown by our agents and constantly look for ways to positively impact the localities in which we operate.

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Some of our company supported community partnerships include: a longstanding sponsorship of the Park City Performing Arts Foundation and its “Big Stars Bright Nights” outdoor concert program, the Summit County Shop-with-a-Cop event (underserved children select Christmas gifts with local law enforcement officers), the Turkey Drive (ensures in need families sit down to a true Thanksgiving dinner), Running with Ed, and the Mountain Trails Foundation Film Festival.

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As a business, we champion green building, regional economic growth, and responsible development. Real Estate remains one of the biggest industries in Utah and acts as an important indicator of our state’s economic health. As a company, we facilitate and encourage relocation and second-home ownership in Utah, which contributes to the state’s economic growth. Just as we encourage people to reside in Utah, our company is a firm believer in the necessity of responsible growth, and we always consider the needs and limitations of our community when it comes to representing developments. We represent the first sustainable development in Park City and constantly leverage our reach through our company blog and social media to support green building and environmentally sound building. Salt Lake and Park City should remain authentic and colorful.

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Real estate agents are independent contractors and often compete with each other. Our company culture champions camaraderie over competition; during our weekly sales meetings, agents openly share vital information with one another, which improves all of our clients’ experiences. Open office doors ensure that knowledge and experience is shared and mentoring happens throughout the year.  We also have a company Culture Club that looks for ways to support our agents’ professional and emotional needs.

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Photo Gallery of Sprint U.S. Snowboarding & Freeskiing Grand Prix at Park City Mountain Resort

By Berkshire Hathaway HomeServices Utah Properties
Mar 03, 2015

Winter returned in time for this weekend's freeskiing and snowboarding competition at Park City Mountain Resort. BHHS Utah was on the scene to capture these bold athletes getting elevated. Watch your heart rate...these tricks are insane!

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BHHS Utah Listings Now on Wall Street Journal

By Berkshire Hathaway HomeServices Utah Properties
Feb 11, 2015

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All BHHS Utah are now featured on the Wall Street Journal. 

As part of a new partnership between Berkshire Hathaway HomeServices and Wall Street Journal, all of our firm listings now appear in the Wall Street Journal's online Real Estate search section. Search under Utah to view all relevant listings.

We are thrilled with the robust marketing efforts championed by Berkshire Hathaway HomeServices. As one of the most respected brands in the world, BHHS has the gravitas and powerhouse network to ensure every BHHS client benefits from utilizing our services.

As more and more consumers move their property searches online, you can be sure that as a BHHS client your listing is given every advantage in the digital sphere.WSJ Screen shot

The Wall Street Journal is a perfect match for the Berkshire Hathaway HomeServices brand. Accordingly, the brand has negotiated for affiliates to capitalize on all that the Journal has to offer. “We are excited to roll out this program,” said HSF Affiliates VP of Marketing Kerry Donovan. “From online, to print, to listing syndication, The Wall Street Journal reaches the affluent market we target through our brand.”  

In addition to being among the digital listing feed, BHHS has secured long term advertising for the brand in both the print and online edition of WSJ.

Our Market Share

By Berkshire Hathaway HomeServices Utah Properties
Feb 09, 2015

We're the most successful brokerage in Utah.

With $1.875 billion in sales in 2014, we are Utah's largest brokerage.

We are the leading representative of developments, luxury properties, and clients who value trust and results. It is an honor to represent the community we love--our results indicate more than success; they illustrate how passionate we are about providing the best real estate service in Utah.

In Park City, we hold healthy margins in all key market areas. Our market share supports firm clients by increasing their reach and removing complexity from the intricate process of buying and selling property. Buyers and sellers can be assured that they are dealing with established professionals who are supported by Park City's most recognized and experienced real estate company.

Here's how we stand in Park City:

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In Conversation with Gallery MAR

By Berkshire Hathaway HomeServices Utah Properties
Feb 09, 2015

In Conversation with Maren Mullin, Owner of Gallery MAR on Main St. 

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1.     What do you find inspiring in art at present?

Artists who take risks and work with media in new and interesting ways. Like many collectors, I love to be surprised.

2.       What art trends are taking place currently? What are some of your current favorite artists and why?

I try to avoid trends at Gallery MAR, and work with artists whose work and careers will continue to have a lasting legacy. We are seeing a resurgence of enthusiastic (wax) work across the board, and one of my personal favorites in the gallery is Bridgette Meinhold, who works in this media and is a local artist. Her paintings are serene and evoke a feeling of being lost among the pines in our beautiful backcountry.

3.       What inspired you to open Gallery MAR in Park City?

I always knew that I wanted to run my own business, and the art world is an always-changing, fascinating business. I love working with artists, and seven years ago felt that the time was right to take a risk and go out on my own. We have an incredible group of female business owners and entrepreneurs here in Park City, and I continue to be inspired and encouraged by them.

4.       How has Park City’s art community developed in recent years? Do you see Park City as an artistic community?

Thankfully, we are seeing more and more destination visitors who are coming to Park City to expand their art collections. Indeed, we ship artwork allover the world. Park City is a town full of creative souls, but most of our artists at Gallery MAR are from all over the country.

5.       What’s your background?

I moved here to live with my husband Matt Mullin and seven years later we got hitched. I grew up in Seattle and lived in LA prior to moving here and was gratefully exposed to fine art and music in my childhood.

6.       How do you think art improves interiors?

I believe that we should surround our selves with beauty -- our decor should all bring us joy and be beautiful. Artwork is a way to express yourself. Artwork improves our interiors, but also our lives. There is no doubt that a household that has been staged with fine art will sell faster.

7.       Which art trends and artists should homeowners buy into that would have the highest return on investment?

I always say, "buy what you love!" and I will continue to. We each have such personal and interesting tastes, and with artwork you should always go with your heart. Very few collectors want to re-sell their artwork in their life time, and instead buy what they love... and move it from house to house as they themselves move on.

If you are just starting your collection, look around and visit our beautiful Park City galleries. You will find a plethora of options, at all price points.

8.       What’s your process when you select artists to showcase in your gallery?

I work with artists whose artwork will fit a contemporary mountain home. We are very careful curators, and only bring in a few new artists every year. Our variety is great, but each artist is highly credible and high quality.

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Rapid Fire Questions:

1.       Park City resident since: December, 2003

2.       Favorite Park City Restaurant: My neighbor, Purple Sage

3.       Favorite thing to do in Park City: You're asking this mid-winter? Spaaaahhhh!

4.       Biggest source of inspiration: My incredible husband

5.       Your passion: My Family; especially my newly toddling daughter Jane

 

2014 Park City Market Overview

By Berkshire Hathaway HomeServices Utah Properties
Jan 28, 2015

market overview

The Park City real estate market in 2014 proved healthy but measured. Generally, our market maintained its gradual course of improvement with certain sectors of our segmented marketplace seeing substantial growth. Growth remains steady and shows no sign of slumping or unstable bubbles.

2013 was a record-breaking year, and it seemed unlikely that we would see the same gains in 2014; however, pended sales were slightly up over 2013, and total sales volume was just slightly under over last year. Here are some trends we witnessed in 2014:

-There was a slight 1.5% increase in pended sales over 2013 and a 22% increase over 2012

-October brought more pended sales than any single month since 2006…there may be a correlation between this increase in transactions and the announcement of Vail Resorts’ purchase of Park City Mountain Resort, but it is impossible to determine this with certainty

-We had a robust 4th Quarter with sales up 28% over 2013 and up 40% over 2012: specifically condo sales increased by an astounding 11%

-Absorption rate has been under 6 months for the entire 4th quarter suggesting that inventory is low and our market favors sellers

-Distressed sales are at pre-recession levels

-Several areas experienced significantly increased interest and sales: Jeremy Ranch (+33%) and Sun Peak/Pinebrook/Silver Springs (+33%), both commuter areas saw a huge influx of buyers. This may possible be a result of Salt Lake’s ever growing economy

2014 Prices in Park City Proper

Average Condominium Sale Price: $931,210

Median Condominium Sale Price: $542,450

Average Single Family Sale Price: $1,869,048

Median Single Family Sale Price: $1,300,000

2014 Prices in Snyderville Basin

Average Condominium Sale Price: $395,224

Median Condominium Sale Price: $360,975

Average Single Family Sale Price: $1,121, 922

Median Single Family Sale Price: $775,000

2014 Prices in the Heber Valley

Average Condominium Sale Price: $199,312

Median Condominium Sale Price: $177,150

Average Single Family Sale Price: $470,498

Median Single Family Sale Price: $345,000

A Local’s Guide to Sundance

By Berkshire Hathaway HomeServices Utah Properties
Jan 22, 2015

sundance This photo is the property of BHHS Utah.

Sundance Film Festival has begun, and we’ve got our cameras ready to snap shots of all those famous folk who are mingling outside the places we usually buy coffee. While Sundance brings film, art, and culture, it can also be a bit of a nuisance…especially if you have a car to park. Here are some tips to enjoying the fest and avoiding the hassle.

If you can, ditch the car.

It’s impossible to drive, park, buy gas, etc… during Sundance. For fun, we recommend renting a fat tire bike at White Pine Touring. It facilitates travel, allows you to people watch, makes you feel really good about reducing your carbon footprint, and it’s fun!  Or, utilize Park City’s extensive bus system. While it is possible to walk between many of the theatres, check your theatre location beforehand as some venues are spaced farther apart than others.

For food, explore off-the-beaten-path options.

Chances are, unless you have won an Oscar, you’re not going to be able to get a reservation at any of the Main Street restaurants. Don’t despair! There are several options just outside of town. We love Billy Blanco’s, Spin Café in Heber, O’Shucks at Quarry Village, Park City Bread and Bagel (for lunch and breakfast) and Silver Star Café.  There are also a plethora of foodie havens in Salt Lake. For shopping, Fresh Market – Jeremy Ranch, is only 15 minutes out of town, but tends to avoid the crowds. Fairweather Foods offers an alternative to the lines at Whole Foods and has some great prepared foods for the health conscious.

Couldn’t get tickets? Here are some hacks.

Getting tickets for Sundance can be tough. There are Day of Show tickets available every morning at 8 am. Go to the main Park City Box Office and try your luck….these tickets must be purchased in person. Enjoy Slamdance! This indie film fest happens simultaneously to Sundance and presents more options for scoring tickets.

Still couldn’t get tickets?

That’s ok. Sundance provides high amusement for mere spectators. Walking up and down Main Street, stargazing, and enjoying the general scene can be just as fun. We also recommend checking out the various art and cultural events going on during the fest. Here’s the inside scoop on some non-film fest events taking place: Gallery MAR will host the works of professional climber, National Geographic contributor, and Sundance filmmaker, Renan Ozturk the 24th and 25th. Park City Live hosts a variety of the big name bands and performers. Atticus Coffee House has a line-up of Indie music bands playing…get a fresh cup o’ and enjoy some tunes.

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Vail Resorts Claim Major Gains Already in 2015

By Berkshire Hathaway HomeServices Utah Properties
Jan 14, 2015

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Vail Resorts is off to a good season.

In a release, Vail Resorts CEO, Rob Katz, shared that the publicly traded company's initial Epic Pass sales and season-to-date revenue saw significant gains over last year. As real estate professionals on the ground in Park City, we have already noticed Vail's influence on our visitor demographics and market. Our agents have reported an uptick in international visitors, many of whom are holders of the Epic Pass. Good thing we are a global brand.

Here's what Vail is reporting:

  • Season-to-date total lift ticket revenue at the Company's nine mountain resorts, including an allocated portion of season pass revenue for each applicable period, was up 9.3% compared to the prior year season-to-date period.
  • Season-to-date ancillary spending increased over prior year, with ski school revenue up 9.2% and dining revenue up 6.8% at the Company's nine mountain resorts. Additionally, retail/rental revenue for resort store locations was up 10.4% compared to the prior year season-to-date period.
  • Season-to-date total skier visits for the Company's nine mountain resorts were up 1.8% compared to the prior year season-to-date period.

 
 
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