Power Markets

By Ramon Gomez, Jr.
Mar 14, 2018

We are pleased to share that in celebration of the 10th anniversary of the Epic Pass, Vail Resorts and Vail's founders from the 10th Mountain Division, the company is honoring epic service of the and men and women of the U.S. Armed Forces (as well as Canadian and Australian military service members) with the introduction of a special new $99 Military Epic Pass, available beginning Tuesday, March 6. It is for both active and retried military, and it is a deal that is simply unbeatable in skiing and ski travel. Additionally, for every pass sold, a $1 donation will be made to Wounded Warrior Project® (WWP), a nonprofit organization that offers a variety of programs, services and events for wounded veterans of the military. Click here to read the entire article from Forbes.

Business Insider recently published America's richest people buy homes in 'power markets' — listed in the article are the 17 most expensive and exclusive places and Park City proper comes in at #6. The report defines power markets in the US as places where the top 5% of single-family home sales by price is highest. In the top 17 markets, the median list price for the top 5% of sales is at least $3.5 million. For each city, the median list price for the top 5% of homes currently on the market, the highest sold price from 2017, and the median price per square foot for that market compile the numbers. Park City has a Median list price: $6.97 million, Highest sold price (2017): $11.4 million and the Median price per square foot: $780. But, don't be let theses numbers sway you if you are looking to buy here as the greater Park City area has a variety of condos, homes and land available at a wide range of prices.

Ladders recently shared the states where the economy is strong and opportunities are growing - Looking for a new job? You may want to consider moving to a different state. The U.S. News & World Report’s Best States just released their annual rankings that measures how well states’ economies are performing. They looked at 77 metrics across eight categories, provided by McKinsey & Company’s Leading States Index, including economic status. Data points that fell under the economy growth umbrella include: Job growth, Growth of each state’s GDP between 2013 and 2016, Business environment (monthly birth rate for new businesses), Unemployment rate, Participation in labor force for everyone 16 and older, Number of people moving in and out of a state was taken into account, Tax burden, The number of top company headquarters per capita, Venture capital disbursed, Entrepreneurship (“business birth rate”) and Patent creation. If you are currently on either coast, consider heading towards the middle of the country as Colorado and Utah took the top spots, while Idaho and Texas made it into the Top 10 too.

Home Value in Park City

By Ramon Gomez, Jr.
Mar 07, 2018

Last week we shared that Utah has been ranked the #3 Best State by US News. With that on our minds we wanted to focus this week's blog on Homeownership and increasing the value of your home. Let's start with 12 things you can do now to prep for spring. This leads us to a great article published in Park City Home Magazine.

FIVE WAYS HOMEOWNERS CAN BOOST THE VALUE OF THEIR HOME IN PARK CITY When contemplating home upgrades or preparing your home for sale, it helps to identify the renovation projects that not only look good but will boost the value of your home at the same time. Overall, potential buyers are drawn to newer, cleaner, refreshed properties. Here are the five tried and true ways homeowners can boost the value of their home in Park City.

Freshen Up the Paint This may seem like a no-brainer, but a fresh coat of paint will always make a home feel updated and renewed. Modern, current paint colors can have a vast effect on a home’s appeal. Whites, greys, light blues, and sage-greens are in-style for 2018 and can give your home an updated feel. Contemporary, neutral paint can also give potential buyers the ability to see themselves living in the home.

Update the Windows Natural light enhances ambiance and updating windows can boost a home’s value. Homes that feature 70’s style round, half-moon, or hexagon shaped windows may cause buyers to contemplate pricey renovations or will turn them off from the home completely. Additionally, if your windows are old, drafty, or fog up due to failing seals, fixing these problems will increase the value. Updating window coverings from heavy drapery to hidden or electronic shades can go a long way in adding value and a contemporary feel to the home. Lastly, adding windows to increase natural light can improve a home’s value.

Renew Kitchens and Bathrooms When it comes to home renovation and updates the two most important spaces in a home are the kitchen and the master bedroom/bathroom. In the master bedroom, focus on brightening the room and creating a fresh, inviting feel. Clean, modern paint colors and neutral fresh carpet or renewed hardwood floors can make a huge difference. In the master bathroom, potential buyers are trending toward light and bright features such as subway tile, marble, and clean lines over dark woods and granites. In the kitchen, making minor changes such as painting the cabinets in a modern color, updating the tile, or replacing old-fashioned, brass light fixtures and hardware with more current styles and contemporary pieces can increase the value of a home.

Add Smart Technology Features As we move farther into the age of technology, home trends are following suit. Many potential buyers see a lot of value in smart technology features such as electronic window shades, smart thermostats, slim TVs, and more. That being said, one electronic feature that used be popular but has been falling out of trend is pre-wired sound systems. With wireless speaker systems on the rise, buyers are bringing their systems into their new homes or upgrading as needed.

Revive Curb Appeal -First impressions can make a big impression. Enhance landscaping, clean up the walkway to the front door, and repair or seal driveway cracks. A fresh coat of paint including window frames and the front door can make an older home feel new again. If paint is not in the budget, power washing the outside of the house, so long as it doesn’t strip the paint, and the front walkway or driveway can also refresh the appearance. Lastly, updating the porch sconces and lighting can make a home look more current and inviting.

Whether you are looking to spend a little or a lot, there are many ways to add value to your home in Park City. However, for any major physical changes to the home, its best to hire a designer to help make sure the improvements are truly up-to-date and generic enough to appeal to a wide audience. For recommendations on designers or for more advice on ways to boost the value of your home reach out we are here to assist.

This week's Development Spotlights are Hyatt Centric and Juniper landing.

Hyatt Centric Park City is located at the vibrant base of Canyons Village at Park City Mountain, Hyatt Centric Park City Residences offer whole-ownership residences in one of Park City’s famed slope side resort hotels. These luxury residences function as second homes with all the amenities of a hotel suite. As a AAA Four Diamond ski-in/ski-out mountain resort, Hyatt Centric offers owners on-mountain access to the largest ski resort in the United States. Floor plans feature large family gathering spaces, an abundance of bedrooms, and functional designs. The full-time, caring and attentive Hyatt Centric staff meet all the needs of owners and ensure that your visit feels like a true vacation.
Juniper Landing is ideally located just steps from the Frostwood Gondola and nestled between the 9th and 10th fairways of the Canyons Golf Course. These new contemporary residences present quality interiors and superb craftsmanship with panoramic views of the surrounding mountains and ski runs. No matter the season, you can bask in alpine beauty, explore miles of pristine trails, indulge in local dining, shopping and entertainment, or simply rejuvenate in your treasured mountain retreat. Features and amenities include Thermador™ appliance packages, and a brand-new courtyard with heated Jr. Olympic size salt water pool, fire pit and hot tub, and a fitness center with sauna and steam room.


Now - 4/11: Utah Jazz Basketball, Salt Lake City

Now - 4/7: Utah Grizzlies Hockey, West Valley City

3/9: The Cowboy Train, Heber City

3/8 - 3/9: Rob Schneider, West Jordan

3/9 - 3/10: Get Lucky, Salt Lake City

3/15 - 3/18: 2018 International Sportsmen's Expo, Sandy

3/16: Bon Jovi: This House Is Not For Sale Tour, Salt Lake City

3/16: St. Paddy's Train, Heber City

3/16 - 3/17: Wanda Sykes, Salt Lake City

3/17: 2018 Salt Lake City St. Patrick’s Day Parade, Salt Lake City

3/22 - 3/31: Easter Bunny Train, Heber City

3/24: Pink Park City, Park City Mountain

3/24 - 3/25: Holi Festival of Colors, Spanish Fork

3/24 - 4/2: Spring Gruv, Park City Mountain

3/30: The Comedy Get Down Tour, West Valley City

3/31: Easter Egg Hunt!, Salt Lake City

4/1: Easter at Snowbird, Snowbird

4/1: Annual Easter Celebration, Park City Mountain

4/1: Easter Bunny visits Deer Valley, Deer Valley Resort

3RD Home By Berkshire Hathaway

By Ramon Gomez, Jr.
Feb 27, 2018

Before we kick off our 3RD Home review we wanted to share Explore The 10 Best States in America by US News as Utah makes the list at Number 3. Many Americans take pride in their state, often claiming their home state to be better than the rest.Now, the 2018 U.S. News Best States rankings can help settle the debate. In an assessment of how states are serving their residents – from health care to education – these 10 state performed the best overall in the 2018 Best States rankings. The rankings, formed in partnership with McKinsey & Company, analyze thousands of data points to measure how states best serve their citizens and UTAH comes in at #3.

PRIVATE VACATION CLUB FOR SECOND HOMEOWNERS - 3RD HOME is a private club for the owners of luxury second homes. With an average property value over $2.4 million USD, over 5,300 properties and growing, and endorsements from the top luxury residential and resort brands, 3RD HOME enables vacation home owners to travel the world staying in premier places without paying rental rates ever again.

It was created to fill a need expressed by second home owners to find a safe and trustworthy way to “expand” the use of their second homes without the hassle or expense of renting them out. 3RD HOME enables you to exchange time in your home for stays at other premier luxury destinations worldwide. By depositing weeks at your vacation home into the club, you can reserve another great home any time in advance or at the last minute.

There are hundreds of desirable destinations to choose from. The scale and quality are unprecedented. Many homes even come from the top branded destination clubs and real estate developments that endorse 3RD HOME for their owners.


• There are over 5,300 luxury properties in 74 countries to choose from with an average value of $2.4 Million USD.

• Access to homes in over 1,000 different cities.

• We are affiliated with many of the world’s leading luxury residential developments in addition to private homes valued at up to $30 million USD.

• You’ll be a lifetime member with NO annual dues!

• No direct or simultaneous exchanges with other members are required as with traditional home exchanges.

• The proprietary Keys system gives our members immediate access to every available property.

• Our secure web platform allows 24/7 booking of reservations and notifications on properties you are watching.

• The ‘Request a Week’ function expands availability beyond what is listed on the site.

• Pre-screening of member homes, plus host and guest feedback on every trip, ensures a premium experience.

EARNING KEY CREDITS - Keys are the currency of 3RD HOME. When you list your residence on our site, we take into account your homes current market value, with an adjustment made based on location and the home itself. You’ll earn Keys by depositing weeks at your residence into the club for other members’ use. Plus, you will earn Double Keys when you deposit a Peak week, and Triple Keys when you deposit a Super Peak week!

When you join 3RD HOME, you’ll list your own private vacation home on the site indicating its value, location, adding pictures and other details. Next, you’ll select weeks that you agree to make available exclusively for other members. 3RD HOME will credit you a number of Keys for each week(s) that you choose to deposit based on the desirability of those weeks.

HOW TO BOOK - Ready to take a trip? Trade your Keys for a stay at another member’s property! You can begin booking immediately– simply select an available week at any of our luxurious properties, pay the nominal exchange fee ($395-$995 USD), and receive immediate confirmation. There are no rental fees for any property on the 3RD HOME site!

Men's Journal recently posted - The 7 Best Places to Après-ski in Park City, Utah, According to Locals - Name your ideal ski day. If it’s anything like ours, it means bluebird conditions where the powder resembles fluffy down blankets and snow-capped trees look a lot like Frosted Mini-Wheats. Of course, it also includes a stellar après-ski situation.

In Park City, UT, your dreamiest (and booziest) snow days are a reality. There are loads of local watering holes—from ritzy resorts to cozy dive bars that embody the ski spirit of yesteryear. They let you unwind and let loose with mouth-watering specialties (fondue, bison burgers, and s’mores, anyone?) and unforgettable libations.

5 Awesome Ski Towns Even Non-Skiers Will Love Here are seven must-visit après-ski hotspots in Park City. Have your fill—then have a little more.

Housing Market In The Current Economy

By Ramon Gomez, Jr.
Feb 21, 2018

Before we get into the housing market I wanted to share an update: Storied Development, LLC, announced today the acquisition of Talisker Club in Park City, Utah, including Tuhaye, the Tower Club and residential sites in Empire Pass for an undisclosed amount.

Tuhaye is a 2,000-acre community nine miles east of Park City on the Jordanelle Reservoir. It features a Mark O’Meara Signature golf course, clubhouse, spa, fitness, kids’ camp, tennis courts, miles of hiking trails, and outdoor-activity programming.

Empire Pass is anchored by the Tower Club, a private on-mountain club with a full-service ski locker facility, a kids’ program, heated pools, spas and fitness. Unique to Talisker is The Outpost, an outdoor adventure center at Bonanza Flats.

“The Talisker Club lifestyle is incomparable,” said Mark Enderle, a partner in Storied Development. “Few places have the caliber of four-season amenities offered with the Club, not to mention the proximity to a village with the charm of Park City. We look forward to working closely with our Members, the local brokerage community and engaging the national market to re-introduce the Talisker Club.”

“The properties associated with the Talisker Club are among the premier residential offerings in the West,” said Storied Development partner Mark Yarborough. “With a refreshed vision, an infusion of new capital, and a commitment to providing remarkable experiences for members, their families and guests, there is no limit to Talisker Club’s potential.”

Currently, homesites are being offered in Tuhaye. Plans for a limited new property release are slated for mid-2018. New construction Tuhaye amenities and marketing outreach are set to begin this spring. To learn more about this acquisition and Storied Development, visit

This week we have included a number of charts and graphs regarding the housing segment of our current economy. We hope this information will help you make well informed and timely real estate decisions. Call with any questions as I am available to into further depth on each topic.

The Economy – Recession Signals Not There( Source: Cornerstone Macro)




The Economy – Housing Represents a PotentialEconomic Boost…Increasing Homeownership Rates



Economy – Housing Could Provide Economic Boost…Low Inventory

Economy – Bank Credit Getting BetterEasier to Obtain Financing





Economy – Home Ownership Could Boost Economy and….Help Real Estate
In Conclusion - The charts above give an overall view of the current market with recent volatility in equity markets representing a correction, not a new bear market. By historical standards, housing inventory, interest rates, and homeownership rates are low and credit requirements for mortgage lending are gradually improving. Modest increases in the rate of inflation are likely to be moderated by wage increases and owning a home versus renting a home comparison are very favorable.

February Events

2/22 - 2/24: An Evening with Paula Cole, Park City

2/23: Wasatch Powder Keg Sprint Race, Salt Lake City

2/23 - 2/24: 2018 Wasatch Golf Expo, Sandy

2/27 - 3/4: The Sound of Music, Salt Lake City

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Happy Valentine's Day

By Ramon Gomez, Jr.
Feb 14, 2018

This week we kick off with a spotlight of ST. REGIS DEER VALLEY® - The venerated tradition of St. Regis’ luxury, romance, and bespoke service has come to life in Park City with the debut of the St. Regis Deer Valley® and the 24 whole ownership residences and 67 condominiums suites ranging from 1 to 4 bedrooms with ski-in/ski-out access. From the iconic butlers, to the signature Jean-Georges restaurant and Remede Spa, St. Regis Deer Valley® has brought a unique and surpassing elegance to the slopes of Deer Valley® Resort. Escape to a spectacular mountain getaway in Park City, Utah, where breathtaking landscapes, summer adventures, family activities, and timeless style captivate your spirit.

Another property spotlight for this week is the YOTELPAD PARK CITY - The resort world's most innovative PADS are coming to North America. First stop, Park City. Design and technology dial up the cool factor while dialing down the cost. Efficient floor plans and Italian-made furniture work smarter, changing form and function to do everything you need. The ski valet takes care of your gear and killer amenities are designed for sociability, fun, and relaxation with an outdoor pool and hot tub, games room, and way more. Modern travelers already enjoy YOTEL's innovative spaces and experiences in cities around the world. Now their cool hotel concept evolves for resort living. Everything you want. Where you want it. Full ownership and fully furnished in the heart of Canyons Village For more information contact me. This offering is generating a lot of interest!

February Events

2/15 - 2/18: Chubby Checker and the Wildcats, Park City

2/17: Deadmau5, Park City

2/17: Utah Chinese New Year Celebration Performances, Salt Lake City

2/22 - 2/24: An Evening with Paula Cole, Park City

2/23: Wasatch Powder Keg Sprint Race, Salt Lake City

2/23 - 2/24: 2018 Wasatch Golf Expo, Sandy

2/27 - 3/4: The Sound of Music, Salt Lake City

Market Review & Park City News

By Ramon Gomez, Jr.
Feb 07, 2018

If you haven't read it yet the 2017 Year End Wasatch Back Market Overview is here for your review. This week we wanted to share some local updates and February events in and around Park City.

PARK MEADOWS COUNTRY CLUB BEGINS A NEW ERA - A year-long renovation brings an expanded dining room and bar with the best views in Park City! Members enjoy private dining with their own 21-&-over bar, and look forward to a thriving deck scene come spring. Executive Chef Alex Woodside has created menus to suit many tastes and dining preferences. Members especially love the convenience of dining with easy access during the busy ski and Sundance Film Festival seasons.

In addition to the dining room and bar and the walkable Jack Nicklaus Signature 18-hole golf course, members have access to a retail golf shop with low member pricing; year-round golf simulator for practice, lessons, leagues, and events; luxury locker rooms with lounge space, steam rooms, and modern finishes; 2,000 sq. ft. fitness center with brand-new cardio equipment and 600 sq. ft. movement studio with heated floor, and more. Phase Two of the renovation project includes a new, larger swimming pool, F&B service building, bocce ball and pickleball courts, all coming summer 2018. Click here for more information on the Park Meadows Country Club.

RootsRated recently posted HOW TO PLAN AND EXECUTE A WEEKEND SKI TRIP TO PARK CITY (AND WHY IT'S TOTALLY WORTH IT) Which means you can’t help but monitor the snow reports in resort towns, and within just 72 hours, you can have an incredible ski weekend in Park City, Utah. This article is great to share with friends, family and out of towners as it goes over logistics for travel, gearing up, getting out on the hill, things to do around town and getting back to your own home. Click Here for the whole article.

USA - Trips To Discover recently posted America’s 9 Most Beautiful Mountain Towns to Visit and Park City, Utah makes the list. The historic mining town of Park City is also best known for its legendary skiing, with most frequently visited during the winter months, but in other seasons, visitors can enjoy all sorts of activities on the water, like fishing for trout in blue ribbon streams, boating and more, as well as active land pursuits like mountain biking and hiking amid the impressive scenery. The town itself offers a whole lot too, and is lined with 19th-century buildings from its silver mining boom days. A number of popular events are hosted here, like January’s Sundance Film Festival and the July Food & Wine Classic, so you may want to plan your trip around one of them.

February Events

2/7: "The Lewis & Clark Expedition" Presentation, Park City

2/7 - 2/11: Howard Jones, Park City

2/9 - 2/10: All Star Monster Truck Tour, West Valley City

2/9 - 2/25: Cinderella, Salt Lake City

2/15 - 2/18: Chubby Checker and the Wildcats, Park City

2/17: Deadmau5, Park City

2/17: Utah Chinese New Year Celebration Performances, Salt Lake City

2/22 - 2/24: An Evening with Paula Cole, Park City

2/23: Wasatch Powder Keg Sprint Race, Salt Lake City

2/23 - 2/24: 2018 Wasatch Golf Expo, Sandy

2/27 - 3/4: The Sound of Music, Salt Lake City

The Ikon Pass

By Ramon Gomez, Jr.
Jan 30, 2018

There has been a special announcement from Deer Valley Resort in Park City, Utah - Introducing The Ikon Pass! The epic pass now has a competitor. There are not a lot of details at this point including price, but a lot a great resorts including Deer Valley, Snowbird and Alta are part of the group. The 2018-2019 passes are being introduced to the world as Alterra Mountain Company has joined together the continent’s top mountain destinations to offer skiers and riders the Ikon Pass. Here are the partners to the Ikon Pass community:

Aspen Snowmass, Jackson Hole Mountain Resort, Big Sky Resort, Loon Mountain, Copper Mountain, Eldora Mountain, Sugarloaf, Sunday River, Killington Resort, Alta Ski Area and Snowbird

Skiers and riders will have access to nearly 50,000 skiable acres at 23 like-minded mountain destinations across North America where incredible terrain, unique character and local traditions are celebrated. The Ikon Pass will go on sale in the spring and additional information including access specifics by destination, price, sale date and other pass product details will be announced in the coming weeks. Please visit for more information.

Ikon Pass by the Numbers - 23 destinations located in 9 different states and 3 Canadian Provinces. There are a total of 48,840 acres with 70,192 feet in vertical drop and 2,790 trails with 434 lifts.

Ikon Pass by Location

California: Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain, Big Bear Mountain Resort

Colorado: Aspen Snowmass, Steamboat, Winter Park Resort, Copper Mountain, Eldora Mountain Resort

Maine: Sugarloaf, Sunday River

Montana: Big Sky Resort

New Hampshire: Loon Mountain Resort

Utah: Deer Valley Resort, Alta Ski Area, Snowbird

Vermont: Stratton, Killington Resort

West Virginia: Snowshoe

Wyoming: Jackson Hole Mountain Resort

Ontario, Canada: Blue Mountain

Quebec, Canada: Tremblant

British Columbia: CMH Heli-Skiing & Summer Adventures

In other local news - Park City joins Business Insiders: 13 of the best places to visit if you're planning a vacation in February. There is a reason the United States Ski Team calls Park City, Utah home. Simply put, Park City is a winter sports lover's paradise. The town offers more than 400 downhill trails for skiing and snowboarding covering 3,300 acres. It also hosted events in bobsledding, skeleton, and luge during the 2002 Winter Olympics.

After you hit the slopes, you can take a stroll through the quaint, Old West-style Main Street or catch a show at the famous Egyptian Theater, the site of the Sundance Film Festival in January. Conveniently, a town lift can transport you directly from the mountains to the center of town.

Food In Park City

By Ramon Gomez, Jr.
Jan 24, 2018

The food in Park City is top notch and you can find everything from local $5 Monday burger nights to internationally rated restaurants. This week I wanted to share the On-Mountain Must-Eats By Pam's Plate - The Ski Utah 2017-18 Dining Bucket Listas well as information on Park City's Thin Air Festival, the best non-skiing activity, five things to know about Silicon Slopes and an interesting Utah ski fact.

1.     The Veuve Cliquot Yurt at The Montage.

2.   Fireside Dining Grand timber lodge, Deer Valley and Empire Canyon Lodge.

3.     Molly Green’s at Brighton The nachos are a hit and the setting is old-school chalet.

4.   The Yurt at Solitude where stellar chefs prepare a four-course meal.

5.     High West Distillery and Saloon downtown Park City.

6.     Make S’mores Slope-side at the Montage Deer Valley with a view of the Empire Canyon runs of Deer Valley.

7.     Wild Game Chili at Troll Hallen No ski season is complete—without a visit to Stein Eriksen Lodge and the Troll Hallen.

8.     Apres-ski at Cinnabar in the Snowbasin lounge.

9.     Stroll Around Sundance - The Owl Bar draw is the vibe.

10. Wings at The Powder Keg, Powder Mountain.

11. Dine at the Top of the World at Snowbasin with a ride on the John Paul Express to John Paul Lodge, ride the TRAM at Snowbird to enjoy 360°views of the Wasatch Mountains from The Summit restaurant and a slice of pizza fired up at 11,000 feet and take the Dreamcatcher Lift at Park City (Canyons Side) to Cloud Dine, where you can feast on panoramic views of Park City.

12. Lunch at Collins Grill, Alta.

13. Brunch at St. Regis Deer Valley on the Mountain Terrace.

14. Anytime at The Farm Canyons Village side of Park City Mountain.

The Thin Air Innovation Festival Returns to Park City - April 5 - 7, 2018 with diverse speakers, meaningful and fun outdoor experiences and ski town-inspired celebrations. This cross-industry leadership forum and Spring-ski-season festival is designed to inspire ideas and spark new relationships amongst leaders who drive change and performance in their work.

The New York Times shared a little fact I did not know - Alta, the state’s oldest lift-served resort, marks its 80th season this winter in a big way: with a new high-speed quad chairlift, Supreme, replacing the Cecret and old Supreme lifts. The new chair originates near Alf’s Restaurant and is expected to improve overall mountain flow. Forbes has published The Coolest Non-Skiing Activity This Winter and the American Express Essentials: The 2018 Trend Destination Hotlist» - You got it - Park City is on that International List.

When people talk about technology and internet startups, they usually think of the fast-paced world of Silicon Valley. But times are changing, and Silicon Valley is no longer the only place to go if you want to launch a company. In fact, technological and entrepreneurial hubs are popping up all over the world, from Tokyo and Singapore to London and Berlin. And of course, hubs are popping up all over North America as well. One of the most interesting and diverse new hubs in the US is the so-called Silicon Slopes, an area that encompasses Salt Lake City, Provo and Park City in Utah. Click here to read Five Things To Know About Silicon Slopes.

If you missed it in our last blog - The 2017 Year End Wasatch Back Market Overview is here. For the digital online version, CLICK HERE.

Sundance 2018

By Ramon Gomez, Jr.
Jan 17, 2018

This week we wanted to share a little about Sundance, the Park City School District and the Berkshire Hathaway 2017 Year End Market Overview. Sundance is almost here with 110 Independent Films From 29 Countries. The Festival hosts screenings in Park City, Salt Lake City and at Sundance Mountain Resort, from January 18th –28th. Robert Redford, President and Founder of Sundance Institute, said, “The work of independent storytellers can challenge and possibly change culture, illuminating our world’s imperfections and possibilities. This year’s Festival is full of artfully-told stories that provoke thought, drive empathy and allow the audience to connect, in deeply personal ways, to the universal human experience.”

For the 2018 Festival, 110 feature-length films were selected, representing 29 countries and 47 first-time filmmakers, including 30 in competition.These films were selected from 13,468 submissions including 3,901 feature-length films and 8,740 short films. Of the feature film submissions, 1,799 were from the U.S. and 2,102 were international. One-hundred feature films at the Festival will be world premieres. In 2017, the Festival drew 71,638 attendees, generated $151.5 million in economic activity for the state of Utah and supported 2,778 local jobs.

Starting January 16 at 10:00 a.m. MT, individual tickets will be released for purchase online and at box offices as they become available up until 2 hours before showtime.

If you're looking for Box Office Hours, information on our eWaitlist, or other Frequently Asked Questions, CLICK HERE

News Update - FASHION magazine recently posted a lovely little article If You Ski, Add Utah’s Wasatch Mountain Range to the Bucket List - Imagine sunrise yoga in a 10,000-year-old crater, afternoon ski lessons with an Olympian and a six-course Norwegian dinner at 2,652 metres.

The Park City School District is in the News - There are nearly 100,000 elementary, middle, and high schools in the US. The best districts are coveted, and a high-caliber school system can be a key factor when a family decides to relocate to one city over another. Niche, a company that researches and compiles information on schools, provides a ranking of the best school districts in America — that is, the collective quality of all the schools in a district determined by a grade of overall experience. The ranking includes key factors such as the strength of academics, health and safety, diversity, and the quality of teachers. This year the Park City School District is #1 for the state of Utah.

The 2017 Year End Wasatch Back Market Overview is here. For the complete digital online version, click here.

Chief's Choice Award

By Ramon Gomez, Jr.
Jan 10, 2018

Thank you to the Park City Police Department as it was very humbling to be presented with the 2017 Chief’s Choice Award on January 4th for years of service in working with Shop With A Cop and other communities services. It is a joy to be a part of the Park City community and I look forward to many more years of involvement and service.

Park City and the state of Utah are always popping up in the news. This week we have linked articles from Forbes, Money Magazine, USA Today, Apartment Therapy, Houselogic and The Nerdist.

State News - Forbes has listed the Top 10 cities Where Employees Are Happiest and Utah made the list!

Trips - Money Magazine has listed the top 10 Budget Friendly Trips In 2018 - try Salt Lake City!

Local - as posted in last week's blog - Park City High School has been named best public high school in Utah by USA Today!

Film - Here are the 13 most anticipated movies at the 2018 Sundance Film Festival from The Nerdist.

Style/Design - Here are the 2017 decor trends that will likely stick around for 2018 from Apartment Therapy.

Homeownership - Houselogic has 5 Tasks Every Homeowner Should Do In January.

If you haven't seen the latest video from Berkshire Hathaway HomeServices Utah Properties Park City - here it is Welcome to Utah! Our stunning state is known for its world-class skiing and snowboarding resorts, spectacular red rock deserts, and as one of the nation’s best states for business. Host of the 2002 Winter Olympic Games, Utah boasts a panorama of recreation and culture. From professional sports teams such as the Utah Jazz and Real Salt Lake, performance powerhouses such as the Utah Symphony, Ballet West, and Utah Opera, exceptional art galleries and concert venues, to award-winning restaurants and a lively nightlife scene… Utah showcases a limitless variety of activities and entertainment.
Salt Lake City International Airport is Utah’s gateway to the world. Ranked as one of the nation’s best for on time departures and arrivals and one of the lowest in percentage of flights cancelled. Salt Lake City’s airport is just 15 minutes from most Salt Lake neighborhoods and 40 minutes from Park City.

In the winter, locals and visitors alike enjoy “The Greatest Snow on Earth” at Utah’s 14 world-class ski resorts. From Park City Mountain, the largest ski and snowboard resort in the United States, to Deer Valley® Resort which has been ranked the #1 Resort by Ski Magazine 6 times, to Snowbird which features 3,240 vertical feet between the base and the summit, Utah has a resort for everyone. Whether it’s downhill skiing or cross country, snowshoeing or snowmobiling, an incredible winter adventure is just minutes away.

From the Wasatch Front cities of Ogden, Bountiful, Salt Lake, and South Jordan, to the Wasatch Back communities of Park City, Heber, and Kamas, there is a place for everyone in Utah. Live here, work here, play here.

Best High School in Utah

By Ramon Gomez, Jr.
Jan 03, 2018

USA Today published Best Public High Schools in Every State and Park City High School is the best in the state of Utah. To determine the best public high school in every state, 24/7 Wall St. reviewed rankings for all public schools from school and neighborhood data clearinghouse Niche. Data on rank, number of students, student-teacher ratio, average graduation rate, average SAT score, average ACT score, and AP enrollment also came from Niche. Data on the ratio of students to teachers by state came from the National Center for Education Statistics.

Across the country, just over 80% of students graduate, 4.9% of students enroll in Advanced Placement classes, and the average SAT score is a little over 1000 out of 1600. In some of the nation’s top public schools, virtually all students graduate, AP enrollment is well above 70%, and average SAT scores are above 1400.Park City High School has 1,131 students with a student-teacher ratio of 19:1 and an average SAT: 1240 making it best in the state of Utah. To read the entire article click here.

The latest edition of the Welcome to Park City guide is now available. This 24 page guide is an excellent resource for Park City real estate and is easily accessible in digital format. Click here to enjoy the digital and interactive guide. Park City is the place to be. Named ‘The Best Town in America’ by Outside Magazine, the small resort town of Park City is situated in the middle of the mighty Wasatch range in the Rocky Mountains and is known for hosting the 2002 Winter Olympics, world-class skiing, miles of hiking and mountain biking trails, and the Sundance Film Festival. Park City and the surrounding areas of East Summit County, the Heber Valley, and the Jordanelle provide a panorama of outdoor recreation such as hiking, camping, biking, fishing, boating, rock climbing, worldclass skiing and snowboarding, snowshoeing, and so much more. From award-winning restaurants, boutique shops, exceptional art galleries, historical theaters, and concert venues, Park City has no shortage of arts, culture, and activities. This guide is your introduction to Park City, the surrounding areas, and the adventures that await.

Happy Holidays

By Ramon Gomez, Jr.
Dec 27, 2017

Judy and I hope you all had a very Merry Christmas and we send well wishes for a Happy New Year. This year we wanted to share a couple of family photos of our children and their families as we celebrate this holiday season.

Park City, Utah began as a silver mining town, nearly faded into history as a ghost town, and then re-invented itself as a ski town that has grown into a year-round destination hosting global events such as the 2002 Winter Olympic Games and the annual Sundance Film Festival. Park City offers days and nights filled with exceptional food, endless recreation, skiing and enduring impressions. Scoop up a handful of The Greatest Snow on Earth® that makes our winters legendary. Located only 35 minutes from Salt Lake City International Airport, we are home to two world-class resorts; Park City Mountain Resort and Deer Valley Resort. With the Utah Powder Surge, you will find the best snow in the world.

Have friends and family visiting this Winter season? How to Have a High-End Ski Vacation Without All the High Prices, is a great article to share. Stay outside of town, buy a pass and eat where the locals do.

Looking for something fun to do in town - check out Snowed Inn Sleigh Company. Make dinner a bit more interesting and arrive in a sleigh pulled by two beautiful draft horses. Make your reservations for one of the three seatings offered nightly at 5:30, 6:30 or 7:30 PM. Guests should expect the evening to last approximately two and a half hours. View the Dinner Menu online. If dinner is not part of the plan, join them for a 30 minute sleigh ride drawn by two draft horses on the trails of Park City Mountain departing at 5:00 and 6:00 PM nightly. Reservations are required for ALL sleigh rides.

Park City Magazine is a wonderful publication that can be found all around Park City. This month they shared, 10 Must-Dos at Deer Valley and Park City Mountain - Sure, the skiing in Park City is top notch but a day on the slopes is about much more than sliding on snow. We love skiing (snowboarding in my case). The feeling of carving a turn on a meticulously groomed slope, weaving through a field of moguls, or -- the piece de resistance -- floating through a sparkling field of fresh powder is, as far as we’re concerned, one of life’s great joys. But ask anyone who lives in or who’s visited Park City, and they’re sure to tell you that our town’s two resorts are about much more than the slopes. Check out Park City Magazine's top 10 wintertime must dos -- five for each Deer Valley and Park City Mountain -- a curated list of experiences that are the difference between a good ski day and a great one. Click here to read the complete article.

Fun Activities & Parking In Park City

By Ramon Gomez, Jr.
Dec 20, 2017

There are many wonderful activities in the Park City area and this week we have included Visit Park City's parking update for Old Town Park City to couple with the many events listed below.


Things To Do In The Winter in Park City - Taking a day off from skiing or deciding to end a day on the mountain early? Here are some of the amazing activities throughout Park City and the surrounding areas.

Park City Museum – Conveniently located in the heart of Main Street, the Park City Museum is dedicated to promoting, protecting, and preserving the rich history and heritage of Park City. From the mining days of old, to the current resort style community, the Park City Museum captures the past and present of Park City.

The Egyptian Theater – The Egyptian Theatre is Park City's historic home for live stage performances. Located on Main Street, this local favorite offers a variety of professional weekly entertainment, including concerts and comedy, drama and dance, and community theatre. The Egyptian Theatre is also a premier destination during the annual Sundance Film Festival.

The Eccles Center – Bringing performing arts from the international stage to the Park City stage, The Eccles Center is dedicated to bringing world-class performances and new ideas to the community.

Art Galleries – Take a stroll down Main Street and experience all the amazing Art Galleries that Park City has to offer. From the Trove Gallery, Terzian Gallery, Gallery MAR, and so many more…there is something for everyone on Main Street.

Heber Valley Railroad North Pole Express – A family favorite, this 90-minute round trip to the North Pole includes hot cocoa and Mrs. Claus' famous chocolate chip cookies. You'll sing along to new and traditional Christmas favorites on the way and be entertained by our hosts, elves and cocoa chefs. When we reach the North Pole Santa will join us for the return trip and greet each child and present them with a special gift.

Deer Valley® Resort Events – Off the mountain, Deer Valley® showcases daily live music and après.

Park City Mountain – Off the mountain Park City Mountain showcases après events including live music, family friendly magicians, complimentary s’mores, balloon artists, and more!

Paint Mixer – The Paint Mixer is the ultimate creative and social venue with studios on Park City’s Historic Main Street. We can also accommodate groups at off-site locations, such as hotel banquet rooms, private homes, restaurants, and other party venues. The Paint Mixer appeals to anyone looking to create and connect in a fun environment… and no artistic experience is required!

Gorgoza Park – Looking for a fun activity the whole family can enjoy? Tubing is great for kids and for those who want to act like one. Lifts take you back to the top of the tubing lanes so you can enjoy the ride down without all the work. Most lanes are lighted, making tubing a great activity after the sun goes down.

Kimball Art Center – Kimball Art Center (KAC) is dedicated to providing arts access, education, engagement and experience to everyone. Through our exhibitions, educational arts programs and events, KAC provides a platform and a place for artists and arts enthusiasts to come together to explore, celebrate, develop and cherish the creative spark that lives within us all.

Ice Skating at the Park City Ice Arena – The Park City Ice Arena is an indoor, year-round facility. The Olympic-size ice sheet offers a variety of activities including open skate sessions, private lessons, group rates, corporate outings and children’s camps.

Ice Skating at Park City Mountain – Join us at Park City's only outdoor ice skating rink. Centered at the base of Park City Mountain Resort, we offer convenient daily ice skating for all ages. Our ambient setting Christmas trees, lights, and upbeat music will put you in the mood for a great time. We offer sharp hockey/ figure skates, warm beverages, and complimentary skate walkers for children.

Utah Olympic Park and Museum – Utah Olympic Park offers year-round adventure. From learning about the Park’s unique Olympic heritage on a guided tour to taking a ride of a lifetime on the Comet Bobsled Ride, Utah Olympic Park offers activities for all. Zip, climb, hike, and explore Olympic history! The world-class museum facility highlights the history of all skiing disciplines through interactive touch screen displays, videos, virtual reality ski theater, games and topographical maps. Visitors can also experience the glory of the 2002 Olympic Winter Games through a gallery of visual highlights and artifacts from the 2002 games.

Homestead Resort’s Crater – One of the unique activities at our Midway Utah Resort is our one-of-a-kind Homestead Crater. The Crater is a geothermal spring, hidden within a 55-foot tall, beehive-shaped limestone rock located on the Homestead property. Once inside, you can go swimming, scuba diving, snorkeling, enjoy a therapeutic soak or even take a paddle board yoga class.

Shopping – Hit the Park City shops when the time comes (if ever) to take a break from all there is to do Park City, Utah. We're talking shopping for everything from handmade furniture, books and sportswear to art collectibles and Western antiques. Historic Main Street is lined with quaint shops and galleries, Redstone has boutique shops, and if you're in the mood for a brand-name bargains stop by Park City's popular Tanger Outlet Center.

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Holiday Fun In Park City

By Ramon Gomez, Jr.
Dec 13, 2017

As the snow begins to accumulate in Park City we wanted to share some great ideas and fun activities that are going on this month in our beautiful mountain town.

Park City is filled with cheer during the holiday season! Explore the many ways you, your family, and friends can celebrate: (Article by Visit Park City)

PARK CITY HOLIDAY SPECTACULAR SING-A-LONG! - December 14, 15, 16, 17, 7:30 PM at Egyptian Theatre An annual holiday variety show at the Egyptian Theatre, the Park City Holiday Spectacular and Sing-A-Long! is a perfect way to get you and your family in the holiday spirit. The show features a choir-led sing-a-long with local talent. More information and tickets available on the Egyptian Theatre website.

SANTA COMES DOWN TOWN LIFT - December 16, 5:30 PM at Town Lift Plaza An annual holiday tradition in Park City, join the merriment as Santa and his magical sleigh come down Town Lift. It’s a sight to be seen and a fun way to celebrate with family, friends, as well as the community. Once Santa lands his sleigh, he will be available for photos by EpicMix.

KAMAS VALLEY CHRISTMAS CONCERT - December 16, 7:00 PM at Dejoria Center A free Christmas concert hosted at the Dejoria Center in Kamas, features the Wasatch Back Choir and Orchestra, Caribbean recording artist, Marj Desius, Shrink the Giant, and more.  Doors open at 6:30 PM. All ages are welcome.

SNOWFEST - December 16-31 at Park City Mountain Park City Mountain’s 16-day winter festival, Snowfest, includes a variety of live music, village entertainment and other festivities daily. Explore specifics on Park City Mountain’s event calendar.

SANTA CLAUS VISITS DEER VALLEY - December 24, 9:00 AM-1:30 PM at Deer Valley Resort Spend time Christmas Eve visiting with Santa Claus at Deer Valley Resort. Santa will visit with guests from 9:00-11:00 AM in the Snow Park Lodge area before heading to Silver Lake from 12:00-1:30 PM. Bring your camera along for a photo op!

TORCHLIGHT PARADE AT PARK CITY MOUNTAIN - December 24, 5:30 PM at Park City Base Area - A 55-year-old tradition, the Christmas Eve Torchlight Parade returns to the slopes to help ignite the holiday spirit. Bring your friends and family for holiday music at the Park City Base Area at 5:30 PM, before the parade kicks off at 6:00 PM.

CHRISTMAS AND NEW YEARS DINNER SPECIALS - Choose from a variety of Park City area restaurants to celebrate the holidays with. From black-tie soirees to 4, 5, and 7-course prix-fixe menus, you will leave with a full heart and full stomach. Explore the full list of specials on the Park City Area Restaurant’s website.

ROBERT RANDOLPH AND THE FAMILY BAND - December 28, 9:00 PM at O.P. Rockwell What better way to enjoy Christmas week than with a little Robert Randolph and the Family Band at O.P. Rockwell? Recently nominated for a 2018 Grammy Award for the Best Contemporary Blues Album, Robert Randolph and the Family Band is a show you don’t want to miss! Door opens at 8:00 PM and show starts at 9:00 PM. Tickets may be purchased in advance.

DEER VALLEY’S ANNUAL TORCHLIGHT PARADE December 30, 6:00 PM at Deer Valley Resort Held on the resort’s Big Stick ski run on Bald Eagle Mountain, Deer Valley Resort’s annual Torchlight Parade is a don’t-miss Christmas Eve event. The parade begins at dusk, around 6:00 PM, with complimentary cookies and hot cider served in Snow Park Plaza.

PARK CITY MOUNTAIN’S NEW YEAR’S EVE CELEBRATION December 31, 3:00-8:00 PM at Canyons Village Fireworks, fire pits, hot cocoa, and live music – we can’t think of a better way to kick off your New Year’s Eve celebrations. Held at Park City Mountain’s Canyons Village, the event is fun for all ages. Park at the Cabriolet Lot, or utilize Park City’s free transportation system.

NEW YEAR’S EVE CELEBRATION WITH BADFEATHER December 31, 9:00 PM at O.P. Rockwell Join Badfeather, a five-piece local band from Salt Lake City, as they help kick off the New Year at O.P. Rockwell. Badfeather blends classic rock with soul, funk, and a little country-folk boogie. Show starts at 9:00 PM and tickets may be purchased in advance.

BLACK & WHITE MASQUERADE December 31, 8:00 PM at Park City Live Ring in the New Year with Park City Live’s Black & White Masquerade. An annual event, this year’s bash features DJ Ross One from New York City.  Party kicks off at 8:00 PM and tickets may be purchased in advance.


Shop With A Cop

By Ramon Gomez, Jr.
Dec 05, 2017

Thank you to everyone who came to the Annual Shop With A Cop event on Saturday! This is a wonderful event that the local Police Department puts on every year for our Park City area families in need, and the Wife and I have been proud to be a part of the event and fundraising for many years. Berkshire Hathaway HomeServices Utah Properties Park City has taken this event as one of their favorite and most involved events of the year for the last 6 years. In 2013 Berkshire Hathaway HomeServices Utah Properties Park City raised $1,300.00; with each year going up and up in giving. This year we raised an amazing $13, 379.00 -  in five years we have grown our contributions by 1000%!

Seventy of our Agents/office staff/and the Owner made cash donations to assist the Police Department this year with 31 Berkshire Staff and Agents volunteering to wrap the gifts and help the officers with the children as they shopped.

Many of our agents and staff brought their children to help and to learn the meaning of Christmas. Roger, the manager at Walmart, and his staff bent over backwards to help with event - they are amazing partners. Park City Police Officer, Rob McKinney, is the Chairperson for the FOP Park City Lodge #3 and if you have questions for the Police or are interested in helping in next year's event make sure to reach out. This year the Shop With A Cop event assisted 65 families and we are so proud to be apart of this amazing event!

December is a time to celebrate the holidays with family and friends and it also marks the true beginning of ski season. While it’s always fun to hit the slopes, especially around Christmas, there are other ways to enjoy the month of December in Park City.  With an abundance of off-slope activities to choose from, you’ll end your Park City vacation with enough memories to last a lifetime. Here are a few ideas for you to explore while trying to decide what to do in Park City this December - click here to read the complete article by Visit Park City.

Welcome To Utah

By Ramon Gomez, Jr.
Nov 29, 2017

Welcome to Utah! Our stunning state is known for its world-class skiing and snowboarding resorts, spectacular red rock deserts, and as one of the nation’s best states for business. Host of the 2002 Winter Olympic Games, Utah boasts a panorama of recreation and culture. From professional sports teams such as the Utah Jazz and Real Salt Lake, performance powerhouses such as the Utah Symphony, Ballet West, and Utah Opera, exceptional art galleries and concert venues, to award-winning restaurants and a lively nightlife scene… Utah showcases a limitless variety of activities and entertainment. Check out the entire Welcome to Utah video by clicking here.

Salt Lake City International Airport is Utah’s gateway to the world. Ranked as one of the nation’s best for on time departures and arrivals and one of the lowest in percentage of flights cancelled. Salt Lake City’s airport is just 15 minutes from most Salt Lake neighborhoods and 40 minutes from Park City.

In the summer, Utah has it all when it comes to hiking, golf, mountain biking, backpacking, camping, fishing, boating, river rafting, rock climbing, and more. Home to the Mighty Five® National Parks, over 40 state parks, countless lakes and reservoirs, and some of the most scenic public and private golf courses in the country, many of which are championship-designated, there is something for everyone during the summer in Utah. Park City alone boasts over 400 continuous miles of trails which span two resorts and has been awarded the highest International Mountain Biking Association’s Gold-Level Ride Center designation.

In the winter, locals and visitors alike enjoy “The Greatest Snow on Earth” at Utah’s 14 world-class ski resorts. From Park City Mountain, the largest ski and snowboard resort in the United States, to Deer Valley® Resort which has been ranked the #1 Resort by Ski Magazine 6 times, to Snowbird which features 3,240 vertical feet between the base and the summit, Utah has a resort for everyone. Whether it’s downhill skiing or cross country, snowshoeing or snowmobiling, an incredible winter adventure is just minutes away.

From the Wasatch Front cities of Ogden, Bountiful, Salt Lake, and South Jordan, to the Wasatch Back communities of Park City, Heber, and Kamas, there is a place for everyone in Utah. Live here, work here, play here. Contact your Berkshire Hathaway HomeServices Utah Properties professional for the current market information on our exceptional state.

The Berkshire Hathaway HomeServices Utah Properties Welcome to Park City guide is now available for your review, call with any questions and have a great rest of the week.

Happy Thanksgiving

By Ramon Gomez, Jr.
Nov 22, 2017

Judy and I wish you and your families a Happy Thanksgiving! We are grateful for the amazing community of Park City as we have called this lovely town home for over 15 years and look forward to another holiday season. With all the wonderful snow we have been getting the snowboard is out and I will see you on the mountain - Ramon.

Thanksgiving Day is Opening Day at Park City Mountain #FIRST30 Make Every Day Count. Start your ski season with the #FIRST30 days of winter at Park City Mountain. The #FIRST30 is packed full of events, deals, giveaways and 2 major concerts. Kick off the 2017-2018 ski season here in Park City! Lifts will be turning from 9am – 4pm, but start off the day at 8am with complimentary donuts and hot chocolate, while supplies last, and the party gets rolling with DJ Velvet spinning tunes at the base of PayDay Lift.

Welcome to Sandy and Draper - What were once farming and mining communities, Sandy and Draper are located at the base of the Wasatch Mountains and boast an array of activities and community focused neighborhoods.

Sandy and Draper feature large lots, multi-story estates, mid-century modern homes, and ranch-style ramblers. Home to the Sandy Amphitheater, Draper Rodeo, South Towne Expo Center, Rio Tinto Soccer Stadium, Loveland Living Planet Aquarium, Salt Lake County Equestrian Park, over 100 miles of hiking and mountain biking, and many public golf courses, Sandy and Draper are a short distance to the best that Salt Lake City has to offer. In the winter, residences are a quick drive to ‘The Greatest Snow on Earth’ at Snowbird, Alta, Brighton, and Solitude. With sweeping views of the Wasatch Mountains, Sandy and Draper are places people want to live.

Live here, work here, play here - We can provide you with the most current market information on these exceptional areas.

Bitcoins in Park City

By Ramon Gomez, Jr.
Nov 15, 2017

Bitcoins are making a splash into the Park City real estate market as Buyers and Sellers are beginning to make use of the cryptocurrency. I am pleased to be working directly with Real Advantage Title to assist buyers with Bitcoin purchases. Having worked with Karen Kasperick for years we are pleased to partner with Russ Smith and his entire team to assist our clients and future clients in their Bitcoin transactions on real estate purchases in the Park City area. If you would like to purchase a property in Park City using Bitcoins, my team and I can make it happen - Call me with questions.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Read on to see The Park Records article on the most recent Bitcoin purchase in Park City by Carolyn Webber.

Russ Smith, left, and Karen Kasperick are excited at the prospect of future Bitcoin transactions after this first successful one.

When Russ Smith picked up a call and heard the words, "What do you know about Bitcoin?" he did not have a precise answer to give. About two months later, he was finalizing a deal with a client using the new currency.

Smith, state manager of the Real Advantage Title Insurance Agency in Park City, recently made one of the first real estate transactions with bitcoins in the country and likely the first in Utah. The $3.5 million transaction was also one of the largest reported real estate deals to date using bitcoins.

Bitcoin is a form of cryptocurrency created in 2009 that is tied to no banks or country. Its value is based on algorithms from computers dependent on its use in the marketplace.

"It's basically a stock that you can use via a credit card," Smith said.

While bitcoin has become popular in some corners of the internet, it is only recently being used to purchase real estate. The first recorded bitcoin purchase for real estate in the U.S. took place in California in 2014. After a few years, another deal was finalized in Texas, Smith said.

He started looking into it after receiving a phone call from Dougan Jones, executive chairman of the real estate agency Engel & Völkers. Jones had received a call from one of his listing clients telling him that he would accept bitcoin for his property in Sundance. Another seller quickly followed suit. Jones realized that he needed to find a title agency that could help with those transactions, so he called Smith.

"I asked him if he would look into it, because it is coming at us in our industry," Jones said. Jones' seller did not find a buyer with bitcoins, but the seed was planted in Smith's mind.

In the meantime, Bob Struwe, a real estate agent for High Country Properties who worked with the buyer in the recent transaction, was doing his own research on bitcoin transactions because his client wanted to use the currency for a property purchase. It turned out to be hard to convince anyone to take him seriously.

"We were running into a real problem," he said. "His ideal scenario would be if a seller would take Bitcoin, and I knew that was going to be pretty remote."

Part of the problem is that many states, including Utah, do not consider Bitcoin legal currency, so it makes deals difficult for agencies. Plus, many people do not trust the currency because of a lingering negative connotation, Smith said. The buyer did not want to be identified in this story or have the seller know because of the stigma.

"Initially, a long time ago, it was conventional wisdom that bitcoin was considered a money laundering avenue," Smith said.

Luckily, Smith knew that it was legitimate and he and Struwe began the deal.

"It was an unbelievable success," Struwe said. "For us, (Real Advantage) was amazing to work with. The first time doing anything this complicated and large, there are some problems here and there, but everyone worked together so well."

The entire transaction took only seven days.

A typical cash deal takes three weeks to 30 days, Smith said.

Part of the reason the transaction closed so quickly is because bitcoins change value just as stocks do. If the value went up or down before the deal was closed, it would have caused some hiccups.

Smith said the setup for the deal was difficult because neither the market nor the government is prepared for bitcoin. He and Karen Kasperick, senior escrew officer at Real Advantage, had to find a way to quickly convert the bitcoins so it could be put into the title agency's trust accounts as U.S. dollars.

They eventually found BitPay, the same payment service used in the Texas transaction in September.

As more transactions take place around the country, real estate firms and title agencies will find it easier to make use of bitcoins in the market, Smith said. He believes bitcoins will only grow in popularity, and Park City should be ready.

"As we see more and more of these transactions happen, people will become more comfortable with it," he said. "And that's when the constituencies will start pressuring their local government to start moving toward moving cryptocurrency mainstream."

Smith and Jones agree that making Park City ready for Bitcoin transactions would be beneficial for the tourism market, since many foreign nations are jumping on the cryptocurrency bandwagon before the U.S..

"A lot of the people that we get in Park City are from overseas," Smith said. "They're very comfortable with it. If a hotel or a lodging company or any type of tourism starts taking cryptocurrency, I think that would be huge."

Since Struwe's involvement in the deal, he has received calls from people around the world interested in purchasing properties with their bitcoins. He, Smith and Jones believe that buyers and sellers are ready, but they need to be ready as well.

"It's our obligation to know enough about it to speak intelligently and represent our client in any form of consideration," Jones said. "Since our clients are coming to us offering bitcoins and proposing to receive bitcoins, we need to come up to speed. I think it is something we have a duty to understand and educate our clients on."

Welcome to Moose Country

By Ramon Gomez, Jr.
Nov 08, 2017

The Wife and I love the Moose of Park City, to see them in nature is spectacular. Moose are the largest member of the deer family in Utah and can be found in the mountains of the northern and northeastern portion of the state. Moose prefer forest habitats, especially those locations with a mixture of wooded areas and open areas near lakes or wetlands. Some moose make short migrations between summer and winter habitats and usually occur singly or in small groups. Moose are herbivores that prefer to feed on aquatic vegetation and new woody growth during the spring and summer. During the winter, when preferred food items are not available, moose switch to a diet of bark and twigs from evergreen and deciduous trees. (Utah Division of Wildlife Resources)

Gomez Team MooseAdults weigh 800-1,200lbs. Bulls stand 6 ft. tall at the shoulder. Only the bulls have antlers. Moose are excellent swimmers, and routinely seek food in marshes and streams. Their hair is hollow which helps them float. A moose can run up to 35 miles per hour! Moose are active both day and night, but peak activity occurs near dawn and dusk.

Wild Aware Utah has provided safety tips when encountering Moose that we wanted to share:

Preventing Conflicts

  • Moose cows with calves can be aggressive in the spring.
  • Bull moose may be especially aggressive during the fall breeding season.
  • Do not approach or feed a moose.
  • Keep dogs leashed and under control at all times. Moose can be very aggressive around them. It is against Utah law to allow dogs to chase or harass wildlife.
If you encounter a Moose
  • On a trail, give the moose a lot of space and watch it’s behavior.
  • Back off if a moose exhibits any signs of aggression, such as the hair standing up on their neck, snout licking, or ears back.
  • Stay calm. Do not run away. Talk, make your presence known and slowly back off in the direction you came.
  • If a moose charges you or chases you hide behind something solid such as a tree.
  • If a moose knocks you down, curl into a ball, protect your head and lie still until the moose retreats.

Heed warning signs.If you have an encounter with aggressive wildlife, please alert the Utah Division of Wildlife Resources (UDWR) office near you. If the encounter or sighting occurs after hours or on the weekend, please call your local police department or county sheriff’s office, who can contact a conservation officer to handle the situation. Click here for more information.

Park City Quarterly Stats

By Ramon Gomez, Jr.
Nov 01, 2017

The Park City Board of REALTORS® has released year over year quarterly statistics for Summit and Wasatch Counties.  The overall real estate market continues to be healthy, stable, and growing at sustainable rates. 

The number of single family market transactions and the median sales price grew at 7% and 7% respectively over the past year.  The bulk of these sales occurred outside the Park City Limits as buyers searched for properties that fit their lifestyle and budget.  The condominium market transactions and median sales price grew at 10% and 10% respectively over the past year.  These sales were spread more evenly across the Summit and Wasatch markets.

Sara Werbelow, President of the Park City Board of REALTORS® commented, “The real estate market is solid.  We have sufficient inventory to meet our client’s needs.  Prices do continue to escalate, but at a reasonable pace.”

Remember that these are overall statistics and are simply a snapshot at a moment in time and may not be representative of long-term trends.  The Summit and Wasatch markets are composed of numerous diverse micro-markets.  More granular statistics are shown below.  Buyers and sellers are encouraged to contact a member of the Park City Board of REALTORS® to find answers to specific real estate related inquiries and fully understand trends in the overall market and specific areas of interest.

Year-Over-Year Single Family Home Sales

The number of sales inside the Park City Limits increased by 12% and median price increased 18%.


  • Park Meadows sales increased 15% and median price increased 21%.
  • Old town sales increased 15% and median price increased 11%.
  • Lower Deer Valley sales decreased 19% but median sales price increased 8%.
The number of sales in the Snyderville Basin increased 9% and median sales price increased 2%.


  • Sales in The Canyons increased 14% and but median price decreased 26%.
  • Sales in the Silver Springs area decreased 6% but median price increased 4%.
  • Pinebrook sales were flat but median sales price increased 13%.
  • Jeremy Ranch sales increased 27% and median sales price increased 5%.
  • Promontory Sales increased 13% and median sales price decreased 12%.
Jordanelle sales increased 15% and median price increased 34%.

Heber Valley sales decreased 9% and the median price increased 4%.

Kamas Valley sales increased 32% and the median price decreased 5%.


  • Kamas and Marion sales increased 135% and median price increased 7%.
  • Oakley and Weber Canyon sales increased 5% and median price decreased 10%.
  • Wanship, Hoytsville, Coalville, Echo, & Henefer sales increased 54% and median price increased 17%.
Year-Over-Year Condominium Sales

Sales inside Park City Limits increased 28% and the median price increased 21%.


  • Old Town sales increased 28% and the median price increased 9%.
  • Lower Deer Valley sales increased 7% and the median price dipped 3%.
  • Prospector sales decreased 4% and the median price dropped 3%.
Snyderville Basin sales decreased 9% and the median price increased 6%.


  • The Canyons sales decreased 13% and the median price dipped 1%.
  • Kimball sales increased 6% and the median price increased 10%.
  • Pinebrook sales decreased 16% and the median price increased 3%.
Jordanelle sales increased 17% and the median price dropped 5%.

Heber Valley sales increased 10% and the median price increased 21%.


Clearly each micro-market has its own character and story.  Simply reviewing the numbers is not sufficient to understand the big picture.  Individual markets can be influenced by a number of factors including specific sales that can skew the statistics.  In addition, amenities, property condition, location, and new construction impact the numbers.  The only sure way to fully understand the local real estate market is to contact a member of the Park City Board of REALTORS®.

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