The entire Park City region is abuzz with the prospect that there exist Deer Valley condos for sale in plentiful supply. Of course when we say the condos are for sale “in plentiful supply” we are talking about a supply relative to the average Deer Valley property market. Obviously, the Deer Valley market is very unique in terms of the types of properties available, price range and the number of properties that are actually on the market (i.e., available to be purchased). Savvy home buyers know that anything is negotiable and every home owner has his or her price whether they are considering selling their property or not.
One attraction that makes the Deer Valley area desirable is the Deer Valley Resort. It is interesting to note that the Deer Valley Resorts was recently acquired by a newly formed resort company comprised of Intrawest, Mammoth Resorts and Squaw Valley Ski Holdings. The resulting newly formed entity is controlled by affiliates of K. S. L. Capital Partners, LLC and Henry Crown and Company. Henry Crown and Company joined Intrawest Resorts Holdings, Inc., Mammoth Resorts and Squaw Valley Ski Holdings in July of 2016. It was then announced that they have entered into a definitive agreement for the newly formed entity to acquire Deer Valley Resort. The specific financial terms of the transaction were not disclosed to the public.
This newly formed entity is expected to make major renovations to the Deer Valley resort. These potential upgrades will make the properties in the area all the more desirable to prospective purchasers. This may also translate into an overall increase in asking prices. As anyone interested in buying Deer Valley real estate knows the prices of properties are by no means cheap but the spectacular views and proximity to world class skiing certainly make it worth it.