Peterson/Calder Real Estate Group

Fun and Exciting Deer Valley Home
2436 Nansen Court
Park City, UT
MLS # 9990928
$1,495,000

Fabulous Ranch Home
5005 North 400 West
Park City, UT
MLS # 9991063
$1,695,000

Outstanding Value in Old Town
963 Empire Ave,
Park City, UT
MLS # 9991270
$650,000

Single Family Homes

Condominiums

Vacant Land

Monday, November 20, 2006

At Deer Valley, Utah, a One-Size-Fits-All Vacation

Published: November 19, 2006
The New York Times

By NANCY M. BETTER

OVER the last decade, my family has traveled to ski resorts throughout the United States and Canada — from Beaver Creek, Colo., to Mont Tremblant, Quebec — determinedly in search of kid-friendly surroundings. We wanted it all: first-rate instruction for the three kids, challenging terrain for the adults and plenty of fresh powder for everyone.

What we got all too often resembled an episode of “Survivor.”

First the 10-hour trip, including the plane flight and the tortuous mountain drive in a rented minivan. Then the teeming lift lines, the overpriced mediocre food and the jammed ski classes. Plus the endless wait for just about everything, from lockers at the base lodge to tables in the local restaurants. And the credit card bill a month later that earned nearly enough miles for next year’s holiday.

Last spring, we ignored the come-ons from “family-friendly” resorts (“Kids ski for free!” “Snow cone parties!” “Igloo contests!”) and discovered the distinct charms of Deer Valley. When Deer Valley was founded in 1981, the Utah resort was aimed at affluent, middle-age skiers looking for perfectly groomed slopes and gold-plated service. Lately, the area has added both more expert-level terrain and more pint-sized amenities, making it an increasingly popular destination for families.

It’s also easy to get to — just 36 miles from the Salt Lake City airport — and you do not need a car, since regular shuttle buses run to the airport ($19 to $32) and to downtown Park City. The only downside to this highly civilized ski vacation: the cost. Lodgings and lift tickets (generally $77 a day, $45 for ages 4 to 12, and $20 for 3 and younger) don’t come cheap at Deer Valley. But many restaurants offer flat-rate $5.99 kids’ menus, and some attractions — like sleigh rides and dog sled treks — discount children’s prices by 50 percent.

The real value at Deer Valley, however, lies in the amount of skiing you can get for your money: if you take a flight from New York City by 7:30 a.m., you can be on the slopes by noon local time. When you arrive, you can even convert your boarding pass into a free same-day lift ticket at any Deer Valley sales window. Given the vast amount of terrain (21 lifts serving 91 runs) and the lack of lines (ticket sales are limited to 6,500 a day), skiers might squeeze in twice as many runs during a weekend at Deer Valley as at another resort.

Deer Valley comprises five peaks nestled in the Wasatch Mountain range, overlooking the Jordanelle Reservoir. For families with small children, Bald Eagle Mountain (8,400 feet) and Little Baldy Peak (7,950 feet) in the Deercrest area provide plenty of wide-open beginner trails. Favorite cruising runs include Navigator and Success.

The Snow Park Lodge is the base for the Deer Valley Ski School, among the country’s largest, with more than 500 instructors. Reservations are recommended for the Ski School (888-754-8477) as well as for the Children’s Center, a state-licensed day care facility serving infants as young as 3 months. Prices start at $150 for a program of lessons, lift tickets, lunch and snacks from 10 a.m. to 3:45 p.m., as well as a daily progress report.

Among many little touches borrowed from the luxury hospitality industry are free pagers for parents worried about cellphone coverage on the mountain, free ski storage, midmountain restrooms and uniformed “ski hosts” who serve as guides and conduct free tours four times daily.

Families with intermediate to advanced skiers flock to Flagstaff Mountain (9,100 feet), Bald Mountain (9,400 feet) and Deer Valley’s highest peak, Empire Canyon (9,570 feet). Single and double black diamond runs abound; try Know You Don’t (site of the 2002 Olympic slalom events) for narrow rock-lined chutes and Champion (site of the 2002 Olympic freestyle events) for steep mogul fields. Speed lovers can race against the clock or challenge a friend on the National Standard race course halfway up Bald Mountain.

Daredevils adore the TNT (Tricks and Turns) Park, off the Little Chief lift. Since Deer Park has a no-snowboarders rule, young skiers are free to ride the double-barrel rails and soar off the tabletop jumps — without their parents fretting about out-of-control collisions.

Deciding where to eat on the mountain can be difficult, since excellent choices abound. Silver Lake Restaurant (open 8 a.m. to 4 p.m.) offers multiple stations with freshly prepared sandwiches, salads, soups and pastas. Snowshoe Tommy’s and Cushing’s Cabin (both 9:30 a.m. to 3:30 p.m.) serve simple snacks and drinks. The mountain’s newest place to eat, the Empire Canyon Grill (9:15 a.m. to 3:30 p.m.), has a full menu along with an outdoor seating and picture-perfect views.

Deer Valley’s après-ski action centers on “the beach,” the snow-covered lawn just outside the Silver Lake Lodge on Bald Eagle Mountain. On warm days, rows of chairs are set up facing the slopes. Adults enjoy fireside cocktails in the elegant lounge of the Stein Ericksen Lodge (800-453-1302, www.steinlodge.com), while families favor the cozy Goldener Hirsch Inn (800-252-3373, www.goldenerhirschinn.com) for chocolate fondue.

If time permits, don’t miss a visit to nearby Utah Olympic Park about five miles north of Deer Valley (435-658- 4200 or www.olyparks.com). Take a self-guided walking tour of the grounds, including the ski jumps and the bobsled, luge and skeleton tracks, where aspiring Olympians can be seen training.

While at the park, spend an hour at the new Joe Quinney Winter Sports Center with its exhibits on Utah ski history and the 2002 Olympic Winter Games. Try skiing a virtual reality slalom course, or hoisting a 45-pound curling stone. Science buffs can learn about the chemistry that creates Utah’s cloudlike powder (hint: 10 inches of “Sierra cement” in California equals 1 inch of water, while 35 inches of Utah powder equals 1 inch of water.) Thrill-seekers can pay to ride the Xtreme Zipline ($22), which travels downhill at up to 55 miles an hour.

At night, Park City’s lively Main Street is the place to be. A turn-of-the-century mining town with a gutsy frontier feeling, Park City offers everything from upscale boutiques to touristy T-shirt stores. Family dining favorites include Bandits’ Grill and Bar (440 Main Street, 435-649-7337), where the $49.99 Outlaw special for four includes a pound of steak, a whole chicken, a rack of baby back ribs, a quart of baked beans and a loaf of garlic bread.

For dessert, visit Cows Ice Cream (402 Main Street) or the Rocky Mountain Chocolate Factory (510 Main Street). If your trip includes a grownup night out (the Children’s Center can recommend a babysitter), enjoy the shrimp scampi ($23) or veal marsala ($25) in the Tuscan-inspired dining room at Cisero’s (306 Main Street, 435-649-5044).

For the 2006-7 season, Deer Valley has invested $7 million in improvements. The existing Sterling triple chairlift on Bald Mountain has been replaced with a high-speed detachable quad; the glade terrain off the Sultan chairlift has been expanded by 65 acres. The Snow Park Lodge, dating from the resort’s 1981 opening, has been expanded to include new restrooms accessible from the slopes.

As more families vacation at Deer Valley, management plans to expand the resort’s lodging inventory. But Bob Wheaton, the resort’s president and general manager, said: “Our goal is not to get more and more people on the mountain. Rather than provide a less than optimal experience for 7,000 people, we would rather provide an excellent experience for 6,500 people.”

VISITOR INFORMATION
Deer Valley (800-424-3337; www.deervalley.com) lies 36 miles east of Salt Lake City International Airport in Park City. Lodgings include hotels, condominiums and town homes, many with ski-in, ski-out locations. Hotel rooms closest to Deer Valley start at $265 a night in regular season, and a two-bedroom condominium can range from $3,000 to $20,000 a week. Deer Valley Resort Central Reservations (800-558-3337) handles bookings throughout the area, including lower priced offerings.

If you are staying several days, you can buy a Silver Passport, which provides privileges to the Park City and the Canyons resorts, as well as Deer Valley. If you want to fly in the morning and be on the mountain by lunch, try the Quick Start program (redemption vouchers available at www.parkcityinfo.com/skiing/quickstart).

Thursday, November 16, 2006

PARK CITY MOUNTAIN RESORT OPENS FRIDAY, NOV. 17 FOR THE 2006-2007 WINTER SEASON


Park City, Utah (November 15, 2006) – Park City Mountain Resort, ranked a top-five resort in North America for a second year by the readers of SKI Magazine, kicks off the 2006-07 winter season on Friday, November 17, the scheduled opening day.

“There’s an electric feeling around the Resort in anticipation of opening day,” said Peter Curtis, president and general manager of Park City Mountain Resort. “Our team has been working really hard and we are very excited to be the first resort in Park City to open.”

Park City Mountain Resort will open Payday Lift, which allows skiing and riding on nearly two miles of terrain on Homerun. The Resort also plans to open First Time Lift to service Turtle Trail to provide learning terrain for beginners. Additional lifts and terrain will open as conditions permit. The lifts will run from 9 am to 4 pm. In addition, there will be six features set up on Upper and Lower Homerun for skiers and riders to practice their terrain park skills.

The Resort will have three on-mountain restaurants open including Legends Bar & Grill, Kristi’s and the Legacy Café. Legacy Sports and Park City Mountain Rentals will also be open.

Park City Mountain Resort kicks-off its exclusive Kid’s Signature 5 Program, the only ski and snowboard school that guarantees five children or less in each class for ages 6-14, even during the Resort’s busiest times. The program offers unparalleled personal attention, a choice of lunches in one of the on-mountain restaurants, and increased self-confidence on the slopes. This year Park City Mountain Resort also introduces its Personal Mountain Planner, an online program that assists skiers and snowboarders in making the most of the mountain with a tailor-made layout of an entire day of winter fun. The downloadable file can be printed and taken with them or emailed to a friend.

Park City Mountain Resort encompasses 3,300 acres, 3,100 vertical feet, nine bowls and eight peaks offering Signature groomed runs, bumps, powder, trees, terrain parks and the Eagle Superpipe, one of North America’s largest superpipes. The Resort has received numerous accolades, most recently being named a top-five ski Resort by the readers of SKI Magazine for a second year and “Terrain Park of the Year” for the third year in a row by the readers of Transworld Snowboarding. The Resort is conveniently located 36 miles from the Salt Lake International Airport, offering more than 800 in-bound flights daily. For more information about Park City Mountain Resort visit us online at www.parkcitymountain.com.

Thursday, November 09, 2006

Listing of the Week


4109 W Saddleback Road
The Jeremy Ranch-Park City, UT


This well cared for 3 bedroom, 3 bath townhouse has a fabulous floor plan and convenient Jeremy Ranch location. Surrounded by mature trees and commanding magnificent mountain views to the south, this home takes full advantage of the outdoors with a walk out patio on the lower level and a covered deck off the family room. The kitchen is nicely equipped with stainless steel appliances, hardwood floors, granite tile countertops and alder cabinets. An open loft provides the option for an office or an additional play area. With all the comforts of a single family home this delightful townhouse could be the perfect alternative…Offered at $549,000

Park City, Utah offers up 3 world classs Ski and Snowboarding resorts; Deer Vally, Park City Mountain Resort, and The Canyons. All within a short 35 minute drive from Salt Lake City International Airport.

Wednesday, November 08, 2006

Today's Real Estate Market: The Time to Buy is Now


The latest economic forecasts suggest that the real estate market correction is coming to an end, offering consumers a once-in-a-lifetime buying opportunity.

The time for prospective buyers to enter the market is right now; and here’s why:

MORTGAGE INTEREST RATES ARE CLOSE TO 40-YEAR LOWS.

The average 30-year fixed rate mortgage rate remains near 40-year lows. Currently at 6.4%, this is more than an entire percentage point below 2000 levels.

Low interest rates allow a substantially larger population of Americans to own their own homes.

For example, with a $250,000 mortgage, a rise in interest rates from 6.5% to 7.5% means an additional $2000 in annual payments. This may boost currently available homes out of financial reach for potential buyers. Today’s low rates offer a unique opportunity for buyers.

INVENTORY IS ONCE AGAIN ON THE DECLINE.

In recent months, there has been a record inventory of nearly four million homes on the market. However, total housing inventory levels fell 2.4% at the end of September to 3.75 million existing homes available for sale. As inventory continues to decline, the selection of homes will once again become limited. For prospective buyers, there may never be a better time to buy a home than right now.

Taking advantage of the variety of homes available on the market today allows buyers the unique opportunity to find the home of their dreams.

Expanded selection combined with low interest rates offer buyers an opportunity that may never be available again in their lifetime.

WITH THE MARKET CORRECTION NEARING AN END, HOME PRICES ARE EXPECTED TO RISE AGAIN.

Research indicates that home prices will not go any lower. While certain local markets may see limited price declines, the national picture remains bright. Pending home sales were up 4.3% in August, an early indication that buyers are returning to the market.

The national median home price will rise 1.6% in 2006 and prices are expected to rise again in the first quarter of 2007. As prices begin to rise again buyers who do not act now could be making a costly mistake.

REAL ESTATE REMAINS THE BEST INVESTMENT AVAILABLE.

The average home purchased five years ago has appreciated 49%. Even with the recent 2.2% decline in the median home price, this still equates to a more than 45% return on investment for the average homeowner. Media reports of a vast market decline are deceiving, and consumers will benefit from purchasing a home now before prices begin to rise once again.

According to Forbes magazine (using U.S. Department of Housing and Urban Development statistics), U.S. real estate sale prices increased more than 56% from the beginning of 1999 to the end of 2004. The S&P 500 index dipped nearly 6% during that same period.

While year-to-year fluctuations are normal, real estate remains one of the best performing and consistent long-term investments. Median existing U.S. home sale prices have increased on average 6.5% each year from 1972 through 2005, and 88.5% over the last 10 years combined. For consumers looking for long-term and stable growth rates, real estate is still their number one choice.

With over 20 years of experience in Park City we’re able to provide our clients with an insider’s perspective on the town, the market, and the community as a whole. Park City is truly a world-class destination where the breathtaking natural beauty can be matched only by the unrivaled lifestyle it provides. Peterson/Calder Real Estate Group embraces the vibrant lifestyle that comes with being locals, and takes pride in sharing our magnificent mountain home with their friends and clients.