What does Vail Coming to Park City do for Real Estate Values?Posted by Derrik Carlson on
What does Vail Coming to Park City do for Real Estate Values?
Original Writeup - December 11th, 2014: We have known that Vail would be heavily investing in The Canyons and Park City Mountain Resort for quite some time and we have seen condo and single-family homeowners hold firm on their asking price over the past twelve to eighteen months. There have been stories that after the news of Vail’s $50 million investment owners increased their asking prices by 10% but that is not the norm in Park City. Many property owners in Park City see this as a great opportunity for real estate appreciation but are worried about losing the small-town feel of Park City. Park City has seen change and development growth over the past thirty, forty, and even fifty…
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