Industry News

Red Ledges reports record sales year

Record Sales and Homebuilding at Red Ledges In 2018

The Park City area’s most successful private destination community notches best year ever:

More than $85 million in sales is 30% jump over previous year

Heber Valley, Utah (Feb. 6, 2019)… Red Ledges—the premier Rocky Mountain private golf and outdoor lifestyle community located less than an hour from Salt Lake City and minutes from Park City—finished 2018 having shattered numerous sales records.

Tallying up the closings of homes, homesites, club cabins, cottages and villas across the 2,000-acre community, 134 properties with a total value of over $85 million sold in 2018 – both smashing previous record levels in Red Ledges’ 11-year history. The sales dollar total represents a 30% increase over 2017 – which was the previous record year!

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Cottages, cabins and villas saw the largest increase in sales, shooting up 39 percent over the previous year. One cottage received special recognition in 2018 as the publishers of ideal-LIVING, a national lifestyle magazine and relocation resource, chose Red Ledges as the destination community for their 2018 “Ideal Home.” That 3,269 square foot cottage was designed and built by Red Ledges’ own homebuilding team.

Red Ledges Homebuilding is building similar cottages nearby, as well as a number of homes on the ridges overlooking the valley and mountain range. Red Ledges Homebuilding is leading the construction boom in the community – 2018 saw the 200th completed home in Red Ledges, and there are another 100 under construction or in the design and approval stages.

“With all of the tremendous outdoor pursuits in and around Red Ledges, people moving here are looking to get out and have as much fun as soon as possible,” states Red Ledges’ Bill Houghton. “Our vacation-oriented cottages have made that simple – one reason why the initial focus of Red Ledges Homebuilding has been new cabins and cottages, like the Ideal Cottage. The coordination between Red Ledges Realty and Red Ledges Homebuilding makes that building process easy and efficient – and makes it even easier to enjoy Red Ledges.”

Red Ledges was developed by Tony Burns and Nolan Archibald, long-time Fortune 500 CEOs with deep roots in the region. The vision and dedication of their families (as chronicled in celebration of the community’s 10th anniversary) can be viewed at www.RedLedges.com/about-red-ledges/.

For information about living at Red Ledges, visit the community’s website at www.RedLedges.com. To see the latest and most accurate listings of available homes and properties, updated in real time, visit www.RedLedges.com/real-estate.