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FIS World Cup and February Events

By Ramon Gomez, Jr.
Feb 04, 2020

This week we are sharing the 2019 Wasatch Back Real Estate Market Overview, click here to read the full report.

The FIS World Cup is returning to Deer Valley February 6th-8th. The Park Record has shared a great overview of the upcoming event.

Next week the world’s best freestyle skiers will descend upon Park City to participate in the Intermountain Healthcare Freestyle International Ski World Cup at Deer Valley Resort. Beginning on Thursday Feb. 6 and concluding on Saturday, Feb. 8, the crowd will be treated to a combination of moguls, aerials and dual moguls for free.As the only domestic World Cup stop for the U.S. Freestyle Ski Team, the competition will serve as a homecoming for the Americans, most of whom live in Utah.

Among those competing will be American star Winter Vinecki, a former star runner as a youth who has turned herself into one of the better aerials skiers in the world. “I had no idea about aerials growing up in northern Michigan before moving to Salem, Oregon, where I took up running,” Vinecki said. “I don’t remember exactly when I figured out about aerials. … I think it was around the time before I came out to Park City to try the sport. But once I did, I was hooked and loved it. … And now it’s taken me all around the world. “

But now Vinecki is all in on aerials, and her 2020 World Cup season is expected to start this upcoming week. Her first competition of the season came on the NorAm Tour — or U.S. selections — right before Christmas 2019, where she took second place on both days.

“This will be my third time ever competing at the World Cup in Deer Valley, and the one thing I can always count on is the crowds. … They’re incredible,” Vinecki said. “I was out for the 2018 season with a torn ACL injury, and then followed that up with a really good season in 2019. I’m excited to be healthy and can’t wait for that intensity of the event. … And I’m ready for it.”

“You’re surrounded by a lot of family and friends, you get to sleep in your own bed, no time zone traveling and you’ve trained on sites. … So many positives,” Vinecki said. “With us being at Deer Valley, there can definitely be a bit more pressure but that can also make it more exciting. It’s definitely more fun with a big crowd of people we all know because you feel like you have that extra support.” The moguls competition takes place on Thursday evening, with aerials on Friday and dual moguls finishing up on Saturday.

 

February Events

Now - 4/14: Utah Jazz, Salt Lake City

Now - 2/11: Utah Grizzlies Hockey, Salt Lake City

Now - 2/23: The Gallivan Center Ice Rink, Salt Lake City

Now - 2/29: Ice Castles - Midway, Midway

Now - 2/22: Winter Market by Farmers Market Ogden 2020, Ogden

2/6 - 2/8: FIS Freestyle International Ski World Cup 2020, Deer Valley

2/7 - 2/8: All Star Monster Truck Tour 2020, Salt Lake City

2/7 - 2/15: Giselle by Ballet West, Salt Lake City

2/8: Brandi Carlile, Salt Lake City

2/8: Chinese New Year Celebration 2020, Salt Lake City

2/14 - 2/15: Valentine Dinner Dance, Thanksgiving Point

2/28 - 2/29: Singin' in the Rain: Film in Concert with the Utah Symphony, Salt Lake City

2/29: U92 Hip Hop Legends, Salt Lake City

2/29: Silver Summits Challenge, Park City

Tags: Park City, Utah, Events, Skiing, Report, FIS
Posted in Local Events, Real Estate Stats, Things To Do in Park City, Food and Beverage | 0 Responses to "FIS World Cup and February Events"

FIS Championships and Real Estate Updates

By Ramon Gomez, Jr.
Feb 05, 2019

This week we wanted to share what is happening in Park City in the midst of the FIS World Championships, what states are growing the fastest in the US and which home improvements have the highest return on investment in 2019.

The FIS World Championships bring in over 1,500 athletes to compete in aerials, SX snowboardcross and skicross, and moguls. The Park Record shares that Aerials, one of the original freestyle events, is also flying into new territory. On Feb. 7, athletes will compete in the World Championship debut of team aerials at Deer Valley Resort's Owl Run.

The traditional aerials finals are scheduled for Feb. 6 on the same course. Both events are judged, in which athletes fly off high-angle jumps to complete multiple spins and flips in a single jump. Snowboardcross and Skicross, in which groups of athletes race down a course that features drops, ramps and jumps, made their Olympic debuts in 2006 and 2010 respectively.

Deer Valley's World Cups are marked as a high point in the moguls season among athletes because of the quality of course and accommodations as well as the tight-knit corps of volunteers that run the competition. Moguls is both a timed and judged sport. Athletes are judged on their skiing technique and the tricks they perform off of two jumps, which is added to their timed run down the slope. Spectators can see that course from the same area as the aerials competition. For more information and a detailed schedule of events, go to 2019worldchamps.com.

Western States Fare Best in Population Growth - Which states are growing the fastest and adding new residents? Idaho and Nevada once again lead the states in population growth rates, according to the latest U.S. Census Bureau figures. Demographic changes can be key to projecting future housing needs, the National Association of Home Builders explained on its Eye On Housing blog post analyzing the census numbers. Between July 1, 2017, to July 1, 2018, Nevada posted a population growth rate of 2.09 percent, while Idaho grew by 2.05 percent. The other three of the five fastest-growing states: Utah, Arizona, and Florida.

However, Texas had the largest increase in its population by number—adding 379,128 people between July 1, 2017, and July 1, 2018. Florida, California, Arizona, and North Carolina followed with the largest numerical increases to their populations. New York and Illinois posted the largest declines in population during that time period. Overall, the U.S. population increased by 2 million between July 1, 2017, and July 1, 2018. The U.S. population now stands at 327.2 million.

Cost vs. Value: The Home Improvement Projects With the Highest ROI in 2019 Remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn't much rosier. The percentage of return on investment (ROI) is projected to trend downward for all the replacement projects listed in Remodeling magazine's newly-released Cost vs. Value Report.

Larger indoor remodel projects took a hit as well, but weren't impacted as greatly as replacement projects as they rely more on labor costs rather than material costs.

"With the increasing costs of building materials and labor, we urge remodelers to think like real estate professionals first,” says Clayton DeKorne, editor-in-chief of Remodeling magazine. "When you adjust your focus to think like a broker first, you can dull clients’ No. 1 pain point—cost—with a discussion of the amount that can be recouped."

Nationally, here are the five projects with the greatest ROI in the report's mid-range cost category:

Manufactured Stone Veneer(94.9% ROI)

  • Average Cost: $8,907
  • Average Resale Value: $8,449
Minor Kitchen Remodel(80.5% ROI)
  • Average Cost: $22,507
  • Average Resale Value: $18,123
Deck Addition (Wood)(75.6% ROI)
  • Average Cost: $13,333
  • Average Resale Value: $10,083
Siding Replacement(75.6% ROI)
  • Average Cost: $16,036
  • Average Resale Value: $12,119
Entry Door Replacement (Steel)(74.9% ROI)
  • Average Cost: $1,826
  • Average Resale Value: $1,368
And the five projects with the greatest ROI in the report's upscale cost category are:

Garage Door Replacement(97.5% ROI)

  • Average Cost: $3,611
  • Average Resale Value: $3,520
Window Replacement (Vinyl)(73.4% ROI)
  • Average Cost: $16,802
  • Average Resale Value: $12,332
Grand Entrance (Fiberglass)(71.9% ROI)
  • Average Cost: $8,994
  • Average Resale Value: $6,469
Window Replacement (Wood)(70.8% ROI)
  • Average Cost: $20,526
  • Average Resale Value: $14,530
Bathroom Remodel(60.2% ROI)
  • Average Cost: $64,743
  • Average Resale Value: $38,952
Nationally—and on the other end of the spectrum—here are the five projects with the lowest ROI in the mid-range cost category:

Backyard Patio(55.2% ROI)

  • Average Cost: $56,906
  • Average Resale Value: $31,430
Master Suite Addition(59.4% ROI)
  • Average Cost: $130,986
  • Average Resale Value: $77,785
Bathroom Addition(60.6% ROI)
  • Average Cost: $47,427
  • Average Resale Value: $28,726
Roofing Replacement (Metal)(60.9% ROI)
  • Average Cost: $38,600
  • Average Resale Value: $23,526
Major Kitchen Remodel(62.1% ROI)
  • Average Cost: $66,196
  • Average Resale Value: $41,133
And the five projects with the lowest ROI in the upscale cost category are:

Master Suite Addition(50.4% ROI)

  • Average Cost: $271,470
  • Average Resale Value: $136,820
Bathroom Addition(58.1% ROI)
  • Average Cost: $87,704
  • Average Resale Value: $51,000
Major Kitchen Remodel(59.7% ROI)
  • Average Cost: $131,510
  • Average Resale Value: $78,524
Bathroom Remodel(60.2% ROI)
  • Average Cost: $64,743
  • Average Resale Value: $38,952
Window Replacement (Wood)(70.8% ROI)
  • Average Cost: $20,526
  • Average Resale Value: $14,530
  • The 2019 Cost vs. Value Report surveyed more than 3,200 real estate professionals about returns for 22 popular renovation projects in 136 different U.S. housing markets—up from 100 markets last year. View the full report, including project descriptions and city-level data, here.

Tags: Real Estate, Park City, Utah, Snow, FIS
Posted in Local Events, Real Estate Stats, Things To Do in Park City, For Sale | 6 Responses to "FIS Championships and Real Estate Updates"

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