Park City real estate, Resorts, and VillasWelcome to Parkcityvillas.com. We’ve gathered this information about Park city real estate as purely informational and this site does not promote or endorse any company or agency.
Our site is designed to educate about Park city real estate, resorts and villas. We also offer a brief history of Park city and nearby Deer Valley.
Around 1860, prospectors discovered silver in the hills near of what is now the Deer Valley Resort. Soon after, a silver rush was on, and Park City was established. After nearly a century of successful silver mining, lodes became less productive and residents began to realize that there was another precious resource in the hills: beautiful, delicate powder that would come to be known as the greatest snow on earth.
The Park City Mountain Resort began operations around 1960, and another resort followed shortly after. Suddenly, the flailing Park City real estate market had new life. Park City hotels began popping up along with Park City condos. The popularity of winter sports grew, and the once-tiny mining town grew with it.
In 1981, the Deer Valley resort opened. It took an upscale approach to resort management and offered sterling service. It has consistently continued that tradition and is perennially rated among the top ski resorts in North America. Most Deer Valley hotels hold themselves to a higher level than similar hotels elsewhere because of the precedent set by the resort. Park City, Utah has turned into a world-renowned ski resort town.
Park city also has hosted other major events that increased the tourist population. Park City's popularity has increased since hosting several events during the 2002 Olympic Winter Games. In addition, Robert Redford’s Sundance Film Festival calls Park city home.
The Park City real estate market has seen corresponding growth. It's no wonder that Park City real estate is among the most exclusive in the nation. During certain times of the season a Park City home or Park City condo may be rented out for several thousand dollars a week. Particularly in January, when the Sundance film festival arrives and hotels fill up, Park City rentals and villas are in incredibly high demand. Many residents will choose this time of year to vacation, renting out their Park City homes or Park City villas to tourists for a couple weeks at high rates. There are an estimated 5,700 lodging units (or 21,500 pillows), in and around the city and all of them will be full. It’s hard to believe because there are only 7,000 full-time residents in Park City and fewer than 30,000 residents in all of Summit County.
Park City is very easy to find. It’s less than 40 miles from the Salt Lake City International Airport. It’s nestled in the Wasatch Mountain Range, which is part of the mighty Rockies. This once-quiet mountain town has changed greatly over the years and if the past is any indication of what's to come, there's no end in sight for future developments.
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