Category Archives: Jess Reid

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HANDLE RESTAURANT EARNING RAVE REVIEWS

Handle opened this past summer in Old Town and has been a local as well as tourist favorite. Handle is located in the Gateway building on Heber Ave, with an atmosphere that is stylishly contemporary while being welcoming at the same time.  Executive Chef, Briar Handley, formerly of Talisker on Main, along with wife Melissa Gray has seen their vision through.  Handle offers specialty cocktails along with an impressive wine list.
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Executive Chef and Owner Briar Handley 

They take pride in using as many local and organic products as possible.  Their menu offers a wide variety of small plates along with heartier selections, including fried chicken, salmon and the “Baller” Prime bone-in rib eye that would please any carnivore.  Don’t miss their specialty appetizer, hot buffalo style cauliflower with gold creek blue cheese, pictured below.

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For more information and to make reservations click here to visit their website, click here.

Kim Square

DEER VALLEY OPENS IN 17 DAYS!

With only 17 days until opening day at Deer Valley Resort, we thought it would be appropriate to have Kim McClelland, Director of Lodging Operations of Deer Valley, visit the Jess Reid – Christie’s International Real Estate office to update on what is new at Deer Valley this season.

Kim McClelland and Steve Sandlin showed up promptly at 8:30AM on Tuesday to speak to our 30 cheery-eyed REALTORS – there is snow on the ground and that’s a reason for happiness at 8:30am, for anyone who lives in a ski-town. McClelland and Sandlin came armed with 2014-2015 Kim-LighterDeer Valley Ski Maps “hot off of the press”. After admiring the newest marketing materials we got into details of what is new this season at Deer Valley Resort.

Here are some of the highlights of our discussion:

• Lodging reservations are up 10% compared to last year
• Ski school reservations are up 18% compared to last year
• Nightly rentals are up 3-4% compared to last year
• Season pass sales have stayed steady and are even with last year – the Epic Pass offer that is new in Park City has not affected season pass sales for Deer Valley Resort
• Deer Valley Resort has spent a half a million on snowmaking and over a million on new snowcats
• The Brass Tag is a new restaurant and bar that has been added to the Lodges at Deer Valley, a condominium project managed by Deer Valley Resort Lodging
• A gondola from Old Town to Silver Lake is in the planning stages and they are working on funding, it is a $25 million estimated investment
• The experience at Deer Valley Resort is unmatchable and includes everything from Cadillac shuttles, bus shuttles, perfectly groomed runs, mouth-watering dining and more!

We asked McClelland to comment on the purchase of Park City Mountain Resort by Vail Resorts. McClelland told us that it is too early to tell if it will affect Deer Valley Resort. He thinks it is positive for Park City and has no doubt that it will bring more people to Park City internationally and domestically to experience all that Park City has to offer. However, Deer Valley will remain unique by offering their guests unparalleled service, short lines, and exceptional dining on and off the resort.

The other exciting news that our agents wanted to be the first-to-know about was the purchase of Solitude by Deer Valley Resort. McClelland said that the deal happened fast and they will monitor how the resort is being run this year. However, they will not begin running the resort until May 1, 2015. He also announced that season pass holders at Deer Valley Resort will be offered 4 days of skiing at Solitude this year and vice-versa for Solitude season pass holders.

The snow guns are blowing and Deer Valley is covered with snow, getting ready for opening day. If you have any questions about Deer Valley properties for sale or vacationing at Deer Valley Resort, contact us today. See you on the slopes!

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JESS REID ON MOUNTAIN MONEY IN PARK CITY

 

Media 2Jess Reid was featured on Mountain Money, a Park City local KPCW radio show, on Monday April 28, 2014.  Jess was invited on the show to talk about the Park City real estate market – as the company Jess Reid – Christie’s International Real Estate celebrates its 30th year in the local real estate market in Park City. Jess explains what has changed in Park City over the past 30 years and what has changed in the real estate industry.

Jess returned the weekend before from a 17 day trip to Europe to attend the Christie’s International Brokers Conference in Barcelona, Spain. As the exclusive real estate affiliate of Christie’s, the conference is a great opportunity for the affiliated real estate Brokers to network with other real estate Brokers around the world and learn strategies to stay in front of the curve. Jess is excited to finally be coming out of the recession strong. He is excited for the years ahead and will continue to be involved in his real estate company in Park City, Jess Reid – Christie’s International Real Estate.

To listen to Jess Reid speak on Mountain Money – click here. Jess begins his interview about three quarters of the way through if you want to skip to the real estate section.

Jess Reid's Building

OFFICE SPACE IN THE CENTER OF PARK CITY – FOR LEASE

Highest traffic most visible location in town. Main floor corner office/retail space, signage is available for qualified prospect. Great private parking, remodeled building inside and out. Rare opportunity for a great retail/office space for both locals and tourists surrounded by Olympic Park, open space, Snow Creek shopping center and liquor store. Beautiful finishes and views of the ski mountain. Fully furnished including phone system! (see LA, re:inventory) High speed Internet available, 4 providers already in the bldg. Modified gross lease with incredibly low “introductory rate” ($19 sq ft modified gross!) for qualified prospects is good until Nov 30 with escalators thereafter (see LA). Tenant pays rent and any janitorial and light tub replacement for space. Owner/agent.

Jess-Reid

Jess Reid – 30 years – Still alive and kicking

Jess-ReidOne day, while supporting a local car wash, Jess Reid paid with his credit card. The cashier glanced at the name on the card. “Jess Reid?” he said. “I have been driving by the Reid Building for years and I thought you were dead.” It has been a joke ever since. Reid, founder and president of Jess Reid – Christie’s International Real Estate, not only has an iconic building in Park City but has also been a mover and shaker in the city for the past 35 years.

“I meet so many people who are surprised when I tell them who I am. I guess it makes me seem ancient having a building named after me – but yes, I am still here at the Reid Building every day,” Reid said, “I’m not dead yet.”

In 1978, Reid managed a Park City branch of the largest real estate firm in Utah, but he soon sought to make a change. Reid started his own real estate company, Jess Reid Real Estate in 1983, and shortly afterward listed the village at the base of Park City Mountain Resort. “I remember when there was no Park Meadows or Deer Valley, and you could buy a lot in Silver Springs for $19,000 and a furnished condo at Park City Mountain Resort for $30,000. Things have come a long way since then,” he said. In the 1980s, Reid’s team listed and sold many projects around town, most of them bank-owned.

Reid was the founding president of the Park City Chamber Bureau, on the founding board of directors and served as president for the Park City Board of Realtors and Park City Rotary club. Reid was a recipient of the Park City Leadership Award and served as a former board member and chairman of the Utah Travel Council.

After working at a large corporate real estate company, Reid feels his mid-sized boutique firm with just over 30 agents proves that bigger doesn’t always mean better. The firm is coming out of the Great Recession and celebrating its 30-year anniversary. Reid says it is gratifying that he has had so many people support him throughout the years, including several agents that have been with him between five and 20 years. “Agents stick around because Jess is a knowledgeable resource and he’s always there for us,” one of the agents said.

Jess Reid – Christie’s International Real Estate has adapted to the time and the market. “Technology is a huge part of the business today,” Reid said. “We recently built a cutting-edge website that is not only current and easy to use but the perfect tool for searching the entire Park City Multiple Listing Service. It is also a great resource for everything in our community and we post relevant information on all of our social media platforms.”

The company is affiliated Christie’s Art Auction House as well as Leading Real Estate Companies of the World (LREW). “We have a nice balance between local, national, and international affiliations,” Reid said. “Our affiliations with Christie’s and LREW are beneficial to our customers because they bring in leads from outside sources that are interested in buying our clients’ homes or selling their own.”

Reid has had offices in Upper and Lower Deer Valley for the past 15 years. After four recessions, Jess Reid – Christie’s International Real Estate has successfully been around longer than any other company in town. They must be doing something right.

Western Home Journal – Real Estate Roundtable

Western Home Journal hosted its second Park City real estate round table amid a light snowfall coating the lingering leaves of autumn. Discussion began by taking the temperature of the real estate environment for greater Park City as we likened the market to a struggling patient affected by the downturn. The surprise in the market’s condition is the health of the recovery.” -Western Home Journal, Winter/Spring 2014

 

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Park City Life – Behind the Faces

Principal Broker, Jess Reid, was recently featured in the most recent issue of the Salt Lake Magazine in the “Park City Life” section. “Behind the Faces” gives you a personal look at some of Utah’s well- known Parkite’s including Bob Wheaton, Kathy Volz and Jess Reid.

“You’ve seen them on the slopes, at Sundance screenings and the post office, but what do you really know about these well-known Parkites? We have the scoop.”

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Greater Park City Area Real Estate Market Overview

Park City’s real estate market continues in a strong steady recovery mode.  Closed sales volume for all property types in the greater Park City area is up approximately 50% in 2013 vs. 2012.  Closed sales for 2013 will exceed $1.5 billion vs. $1 billion in 2012. Average sales price for all property types is up 5% to $695,000.

Inventory levels are at historic lows and it’s hard to know when they will start to move up with very little new construction underway. This means that there are fewer choices for buyers and prices are expected to continue to rise.

Primary residences whether single family detached or condominium are leading the way in our recovery depending on the area and neighborhood.  In the Snyderville Basin a list price of about $850,000 or less on a well-priced and staged, single family detached home will generate multiple offers. In the Park Meadows area $1.2 million or less will typically see multiple offers as well.

Condominiums are the only segment of our market that has not risen dramatically in average sales price – buyers take note!

Deer Valley Resort which is primarily made up of vacation homes is also recovering, but somewhat slower.  Total sales volume for all property will exceed $340,000,000 and overall average sold price in Deer Valley will exceed $6,000,000. Some of the best buys are vacation homes.  Older condominiums in Deer Valley and some of the newer condominiums in Empire Pass are seemingly under priced as our market continues its recovery.

Luxury homes sales are starting to pick back up as well.  In the history of Park City Real Estate we have had 7 “reported” sales over $10 million.  Four of those closed in the last 12 months.  This is a good indicator that the Park City/Deer Valley fabulous quality of life continues to attract more and more people with the discretionary ability to buy very high end properties.

Vail’s take over of The Canyon’s Resort and real estate is believed to be another very good positive incentive for real estate in Park City.  Many people are excited about the significant progress toward finishing the long awaited golf course at The Canyon’s.  With the Wyndham timeshare hotel being built there, it’s just one more plus for the future.

The Kimball Jct. area continues to expand with commercial, office space, and some residential.  This mountain urban environment provides a wonderful addition to Park City and keeps the more urban development where it should be instead of competing with the beautiful historic nature of Old Town.

The Snyderville Basin in general continues to be a wonderful opportunity for newer housing and offers more for your money than in the city.  It is an unusual feature of Park City in that it is not only a place for locals to live but a wonderful, affluent bedroom community for Salt Lake City.

All three of our world class ski resorts were ranked in the top 10 ski resorts in North America by SKI Magazine, great for our base industry of tourism.

Buyers may have missed the chance to get a really good bargain left over from the “great recession.”  All indicators are excellent for a very strong market for a number of years.

Park City – The Best Town Ever as declared by Outside Magazine is another positive for our town.  Outside Magazine has discovered what those of us who live here already know – Park City has an amazing mix of everything from award winning schools to easy access to a large metropolitan area and international airport.  We have clean air and a safe place to live with a great sense of community and the list goes on!  To find out more details about Park City, please visit our new website at www.jessreidrealestate.com. It not only tells you about real estate but is also your one stop shop for everything Park City.