Tallman to lead Realtors during time of growth
Local Realtor Nancy Tallman’s heart was in Park City and that’s where she wanted it to stay.
Her husband had received a work offer to return to Los Angeles, where they had lived before coming to Park City in 2003. But Tallman was adamant about remaining in the town she’d grown to love.
"I said, ‘I don’t want to interfere with your career, and if you want it, you can take it," she said. "’But I’m not moving.’ So now he commutes to L.A. So when I sell real estate here and tell people how much I think of Park City, I can prove it."
Five years later, Tallman, who is an agent at Summit Sotheby’s International Realty, is set to take over as president of the Park City Board of Realtors, where she will have a tall pulpit from which to espouse the virtues of Park City that kept her anchored to the town. She will be sworn in during the board’s luncheon Jan. 8.
"I have never lived anywhere in my whole life as long as I’ve lived in my Park City house," Tallman said. "I personally feel that I’m fortunate to live in Park City. I think all of us are who have the opportunity to live here."
Tallman takes over at an interesting time for the local real estate market. She said the big issue the board expects to face in the coming years is growth.
One cause is that the increased presence of Vail Resorts — which acquired Park City Mountain Resort in September and also operates Canyons Resort — has put a spotlight on the town, particularly internationally, Tallman said. Also, many workers coming to take advantage of Utah’s strong job market are choosing to live in Park City.
"They figure out about the inversion down there and that the schools aren’t as good, and they decide it’s a pretty easy commute to live here and drive down there," she said of the many people who work in the Salt Lake valley and live in Park City.
Tallman often hears concerns that the expected growth in town will diminish what makes it special. But she says there’s no turning back the dial.
"I think, as much as we love the small-town feel of Park City, the secret is out," she said.
Despite that, Tallman said the Board of Realtors is committed to ensuring Park City remains Park City.
"All we can do is manage the growth and make sure it’s sustainable growth and we keep the character of our town that brought people here in the first place," she said. "Just because we’re Realtors, we’re not always pro-development," Tallman said. "We understand what makes Park City a desirable place to live, and I don’t think any of us want to see it become overdeveloped. So there’s a balance between quality of life and growth."
In addition to new developments, there is another trend that has caught the ire of some. People are buying older homes, then tearing them down or remodeling them in neighborhoods like Park Meadows.
"I think this is what happens in desirable places to live where there’s no more land — you just start knocking down the old homes," Tallman said. "Some people aren’t going to like that."
While helping the city maintain its roots during the current growth spurt is the foremost long-term issue for the board, Tallman has other goals for her one-year tenure as president. Chief among them are helping to provide a clearer picture of market trends when quarterly numbers are released — meaning more analysis and context for statistics — and educating local Realtors on the key issues.
"It’s very important to keep our Realtors educated on what’s going on with all the new developments," she said. "Realtors should know about these things and the different sides of what’s happening, so they can educate their clients."
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Vail Resorts has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts. Through the acquisition, Vail Resorts will add 17 U.S. ski areas to its network of resorts.