Summit Sotheby’s International Realty Update for February 2018

Our Passion Points — Unrivaled Online Syndication

Summit Sotheby’s International Realty’s strategic online syndication ensures that your property is displayed to a qualified, world-wide audience. Only with us will your home have the presence it deserves on over 5,000 websites, including the most authoritative news, art, lifestyle, financial voices as well as real estate-centered websites.

To increase property exposure and ultimately uncover the right buyer, the Sotheby’s International Realty brand has partnered with ListHub to distribute the properties we represent to the most significant media companies and real estate focused websites in the world. Results are measured with a variety of analytics and reporting tools, which enable sales associates and clients to refine a marketing campaign’s impact.

This level of exposure is just another reason why Summit Sotheby’s International Realty is like no other.

Summit Sotheby’s International Realty Development Update for 2018

Summit Sotheby’s International Realty represents some of the most respected builders and developers in the Park City, Salt Lake, and St. George areas featuring luxury estate homes, single family homes, townhomes, condominiums, mixed use and master planned communities. Our development team is comprised of a group of seasoned agents that not only have many years of experience, but represent a wide range of talents necessary for successful marketing and sales. From backgrounds in construction, project management, interior design, and various leadership roles, all talents and skills are represented.

The Jordanelle Estates… Only Two Remain
Only two 5 bedroom single family homes remain available at The Jordanelle Estates each with sweeping views, fantastic outdoors spaces and a location that is just 10 minutes to downtown Park City, world class skiing, and 30 minutes to Salt Lake City International Airport. These homes are equipped with oversized 3-car garages, open floor plans, large walls of glass, main level master bedroom, a custom bunk room, high end appliances, vaulted ceilings, steam shower in the master and more. With the ability to rent on a nightly basis and access to the community clubhouse with pool, hot tub, theater and gym, these homes offer everything desired in a mountain lifestyle from fresh air, mountain views, and instant access to amazing outdoor activities along with the flexibility of use that can be so hard to find in a single family home this close to Park City and Deer Valley.
For more information, visit or call 435.729.0389.
New Modern Luxury in the Heart of Old Town at the Roundabout
In the center of everything, just steps from Main Street and three bus stops from Deer Valley’s Snow Park base, there is nothing else like Roundabout. The residences live like a single family, but with the lock and leave convenience of a condo, each comes with two private parking spaces plus additional off street parking, a private elevator and unbelievable storage. With just two residences at Roundabout left the opportunity to own is limited.
For more information, visit or call 435.640.4147.
Victory Ranch
Victory Ranch is a private, four-season community amidst 6,700 pristine acres along four-miles of the Upper Provo River. Amenities include an 18-hole Rees Jones golf course, world-class fly-fishing, miles of mountain biking and hiking trails, 5-stand shooting facility, 4×4 adventures, snowmobiles, backcountry yurts, fishing ponds, multiple restaurants, a ski-in/ski-out lodge in Park City and more than 4,000 acres of untouched backcountry.
The Post clubhouse , which includes our concierge, retail store, a heated pool, two hot tubs, fire pit and seasonal grill. Our newest amenity, The Barn, is a destination for recreation, fun, and wellness. The Barn has a Pizza and Ice Cream Parlor, Art Studio, Game Room and Indoor basketball and sport Court as well as a Fitness center, Spa, and Platform Tennis courts. Coming soon to The Barn, a 75-foot swimming pool with hot tub, waterslide, tranquil stream and pond, a great event  lawn, bocce ball court, and tennis courts.
Victory Ranch is approximately 15-minutes from Deer Valley  and 20 minutes to Park City.
For more information, visit www.victoryranchutah or call 435.785.5000.
Affordable, New Construction Minutes from Park City at Wasatch Springs
Wasatch Springs is the latest community for the family owned, Utah home builder, Holmes Homes.  Wasatch Springs offers 30 Townhomes ranging from 1550SF up to 2800 Sf, Three and Four Bedrooms and Attached 2 car garages.  With prices starting at $474,900 there is no better value on the market.  The floor plans are incredibly efficient with no wasted space and plenty of storage throughout.  There are numerous upgrades and designer finishes out of the box (no upgrading needed).  One feature of the community that has been appreciated by all 9 of the current buyers is the affordable HOA dues.  After researching the market and talking to would be home owners it was apparent that affordable HOA dues were important.  Our buyers/clients are out recreating and enjoying the Park City lifestyle and they value that over $400- $500/ mo HOA dues for amenities that tend to go unused most of the year.  Currently we have 15 homes under constructions and 9 of them are sold.  Occupancy will begin in March and go through into Summer 2018.
For more information, visit or call 435.901.9250.
Promontory:  It’s All Here… Now!
Promontory Club is a visionary second home private community in Park City, spread across 6,400 acres and offering an incomparable mountain recreational lifestyle.Promontory Homes offers new luxury homes in five premier locations – all within our gated community.   Select from a variety of deluxe designs and neighborhood settings in our award-winning club. Designed to take advantage of the active four season lifestyle at Promontory, five distinctive product lines offer a variety of styles, price ranges and neighborhoods for discriminating buyers.
The Private Estates, located on the Jack Nicklaus Signature Golf Course, are adjacent to the New Beach House and winter Tubing Hill; The Nicklaus Residences At Golden Bear on the Jack Nicklaus Signature Golf Course, are within walking distance of the Nicklaus Clubhouse; The Cabins at Dye and Buffalo Jump overlook the Pete Dye Golf Course and feature expansive views of the Alpine Mountain Ski Resort; The Nicklaus Villas At Golden Bear, adjacent to the Nicklaus Clubhouse, are a short walk to the new Nicklaus Fitness Center, and The Cottages (coming soon), on the Jack Nicklaus 18th Tee offer eye-popping vistas of the Wasatch mountain range and Deer Valley Resorts Bald Mountain.
Promontory Homes lets you choose the ideal, newly built home for your family in our magical mountain setting.  Prices range from $1,345,000 to $3,074,000 along with a variety of product types and locations.
For more information, visit or call (888) 370-CLUB.
High Star Ranch
High Star Ranch is nestled in the high mountain valley of Kamas, Utah. Just minutes from the world class ski Resorts of Park City, Utah. Our 1,049 acre ranch community offers a new take on community, with over 300 future homes and amenities that will keep you entertained year round. Revel in the outdoors with High Star Ranch’s amenities that include, 16 miles of professionally designed, single track, mountain bike trails, direct access to the 2.2 million acre Uinta National Forest, equestrian facilities and our on-site Outfitter, Rhodes Valley Outfitters. The renowned DeJoria Center provides an unrivaled concert and entertainment venue along with the award-winning State Road Restaurant and Tavern for your dining needs.High Star Ranch consists of six distinct residential neighborhoods to appeal to the most discerning buyer.
Our newest real estate offering consists of 62 homes, thoughtfully designed by local architect Rick Brighton. High Star’s Thorne Creek subdivision will offer three, four and five- bedroom, exceptionally crafted homes built by Joe Kennedy. Build your custom home in North Meadow Subdivision with home sites with spectacular views. Come to live, visit, dine—or take in an intimate concert, conquer the bike trails, ride a horse, hike the back country or just relax in an incredible country setting.
For more information, visit or call 435.640.6597
Deer Vista
It has been a busy holiday season at Deer Vista. We currently have eleven home sites  under contract and several more buyers expressing interest. In addition we are happy to announce that a spectacular Jennings Home is currently under way in Deer Vista. Currently being constructed by Alexander Design / Build Homes. With a contemporary design and the finest of finishes this home is scheduled to be complete in February 2018. We are looking forward to a phenomenal 2018!
We invite you to join Park City’s most exciting new community where you can find solitude and room to breathe while living only minutes away from Historic Main Street, Park City, Utah. Deer Vista is a gated, private community with remarkably low HOA dues. Residents enjoy direct recreational access and  coveted panoramic views of Jordanelle Lake and the Wasatch Back, including Deer Valley Resort.

For more information, visit or call 435.731.0305 or 435.901.8333.

Empire Residences
New ski-in / ski-out luxury residences in the village at Empire Pass, featuring mountain modern design and dramatic vista views.Empire Residences boasts a rare combination of location, features and design, never before assembled in a single property — direct ski access, beautiful mountain & ski slope views from every unit, expansive outdoor decks with hot tubs, and through-building unit design with private entries. Only twenty luxury residences offered. Prices start at $1,050,000.
For more information, visit or call 435.901.2158.
Goldener Hirsch
This exciting real estate opportunity located on the last remaining parcel in Silver Lake Village will be the first of its kind in over a decade. World renowned architect Tom Kundig has designed a modern interpretation of a mountain ski lodge complemented with sophisticated interiors by Todd-Avery Lenahan. Their combined talents have delivered something truly unique for Deer Valley. Connecting the new Residences to the iconic Goldener Hirsch Inn is a Bridge Plaza that provides a wonderful outdoor gathering space. Additional amenities include a front check-in lobby and library lounge, valet parking, concierge, bellman, courtyard patio and fire pits, conference center, spa treatment rooms, ski-prep room, on snow ski storage, après-ski lounge, game room, konditorei, and a stunning rooftop patio with a pool and hot tub boasting amazing views.

For more information, visit or call 435.901.2158.

Encanto, St. George
Encanto is a uniquely limited and exclusive 30 homesite community located on Snow Canyon Parkway just minutes from Tuacahn. Snow Canyon has some of the area’s best hiking and biking trails. Amenities include; clubhouse with fitness center, outdoor pool and spa, and pickle ball courts. Share this experience as this gated community allows for nightly rentals.
Currently Encanto has 1 move-in ready home and 3 homes under construction that are available and there is still time to select your home site and floorplan.
For more information, visit or call 435.619.3399.


FORBES Interview With Chief Marketing Office Kevin Thomson

Chief Marketing Officer Kevin Thompson of Sotheby ‘s Internatioanal Realty sits down with Forbes to discuss the emerging luxury consumer. The Sotheby’s International Realty CMO knows what affluent millennials want in home purchases and how they’re engaging with luxury brands.

28th Annual St. George Area Parade of Homes

The Southern Utah Home Builders Association (SUHBA) and Summit SIR welcomes you to attend the 28th Annual St. George Area Parade of Homes. SUHBA members are builders, craftsmen, innovators, problem solvers, trend setters, designers, manufacturers, artists, suppliers, financers and leaders located in Southern Utah.  They have contributed countless hours to ensure each Parade home represents the best in home building. As a result, they have one of the best Parade of Homes in the country. We hope you consider attending this year’s event and sincerely appreciate your support. Learn more at

Intercap Lending Mortgage Update – RATES ARE STILL GREAT!

As 2018 started, mortgage rates had held below 4% for 26 straight weeks. The past couple of weeks have seen this stretch come to an end with the average 30-year rate nationwide being in the mid 4% range. This increase in rate is due to China making statements that they are less interested in U.S. Treasuries, along with our own government rebalancing their balance sheets to have less exposure in the bond market. These items combined with the tax and healthcare reform have made for a fairly volatile market.

The good news is that analyst consensus seems to be that the economy is growing, and coupled with lower corporate taxes, many feel that the economy will strengthen even further. Fortunately, rates are still near half their historical average. Rates are still great! There is still time to lock in current rates before they rocket higher.

Visit today!