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

Wednesday, September 24, 2008

Deer Valley: still king of the mountains

PCMR and The Canyons climb in SKI rankings
Nan Chalat Noaker, Record editor
Article Launched: 09/12/2008 04:21:15 PM MDT


Park City residents can practically roll out of bed onto the slopes of two of the nation's top ten ski areas three, if you count the top 25.
SKI Magazine has released its annual readers' survey and the results are being cheered with high fives and fist bumps all along the Wasatch Back.

Deer Valley held onto its No. 1 spot, Park City Mountain Resort moved up from sixth to fifth place and The Canyons hopped from 18th to 13th place.

According to SKI Magazine editor Greg Ditrinco, "people are looking for more than just putting skis on snow. They are looking for the full resort experience." And that, he says, is where Park City's resorts shine.

It's as much about going downtown as skiing, "and that is where your region does well," he said. According to Ditrinco, the resorts' efforts to provide a wide variety of activities along with the city's vibrant Main Street are "as good as it gets."

Deer Valley Resort President Bob Wheaton delivered the news to his staff on Wednesday during h his annual "State of the Valley" message. It is the fourth time in the last eight years the magazine's readers have put Deer Valley on top. The resort edged out one of its fiercest competitors, Vail Resort for the second year in a row.

According to Deer Valley's director of marketing Coleen, Reardon, the resort's secret weapon is its guest services. "I think it's our services, the way we provide the whole vacation experience." Reardon said she also believes that the price gap among the country's top ski areas has narrowed, "so people are realizing Deer Valley's value."

The ranking's sneak preview was greeted with equal enthusiasm at Park City Mountain Resort. According to Krista Parry, PCMR's marketing director, "we saw a huge increase in rankings in service, family programs and terrain variety, which coincides with the things we have been focusing on as a company."

Ditrinco attributed the uptick for The Canyons to its relative newness and to its ability to earn return visits. "The Canyons is still being discovered by our readers. They seem to like what they see and they are going back."

SKI Magazine mails out about 25,000 copies of the annual survey that asks readers to rank ski areas in 18 categories. They also sent about 30,000 emails linking subscribers to a secure Web site survey. According to Ditrinco, they get 10-15 percent, or 5,000 to 8,000 completed questionnaires back each year. The results, along with snapshot descriptions of each ski area appear in the October edition which arrives on newsstands this week.

"It is our best-read issue. It's the absolute bible for travel planning," he said.

The top ten ski areas in North America according to the readers of SKI Magazine are:


1. Deer Valley

2. Vail, Colo.

3. Whistler/Blackcomb, B.C.

4. Snowmass, Colo.

5. Park City Mountain Resort

6. Beaver Creek, Colo.

7. Aspen, Colo.
8. Steamboat, Colo.
9. Breckenridge, Colo.
10. Telluride, Colo.

Thursday, September 11, 2008

Is It Time to Buy a House?

Wednesday, September 10, 2008

Plummeting Mortgage Rates Trigger Jump in Mortgage Loan Activity and FHA Loans

Rapidly falling mortgage rates are bringing consumers seeking a mortgage out in droves, according to the report released today by the Mortgage Bankers Association. The association’s Weekly Mortgage Applications Survey, which measures week-over-week volume of people applying for a mortgage to either purchase a home or refinance an existing mortgage, showed loan application activity increased 9.5%.

Applications to refinance an existing mortgage swelled 15.4% from the previous week while purchase applications received an impressive boost as well at 6.4%.

Chief Economist Bob Walters of the nation's largest online lender, Quicken Loans, says the government’s discussion of and ultimate decision to back mortgage giants Fannie Mae and Freddie Mac are the catalyst behind the lower interest rates.

“Mortgage rates began falling last week in anticipation of the government’s Fannie Mae/Freddie Mac takeover and rates have continued to plummet. This interest rate drop led to a surge in mortgage applications as consumers sought to either purchase a home or refinance their existing mortgage,” says Walters.

“Credit guidelines have remained extremely tight however, and the government’s recent action may lead to more stringent credit and equity requirements,” Walters warned, adding that “ FHA loans remain a viable and increasingly popular alternative for those who have been unable to secure financing for a traditional mortgage, as FHA programs carry more flexible guidelines.”

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.