With the end of June came what is considered summer here in Park City after an unusually wet spring "mud-season". The end of June also marks the end of the 2nd quarter and time for a Park City and Deer Valley real estate market update. The Park City and Deer Valley home and condominiu
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07/13/2009
The Park Record, Park City Utah's local twice weekly news source, ran an article over the weekend titled "Optimism for Park City economy might be justified - Statewide economy expected to get worse this year". The title of the article seems to be in conflict with itself as much as mos
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07/08/2009
The Park Record Newspaper (Park City Utah's twice weekly news resource) ran an article this week stating that while construction costs should be enticing for building, builders and suppliers remain quiet. Park City home building costs have come down recently due to a low
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07/02/2009
Golf courses and spas are a major component of resort real estate in the Park City and Deer Valley area. Many of the real estate communities in The Canyons area of Park City have some reliance on golf in the area. A meeting will be held today to discuss why the proposed golf course ad
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06/18/2009
On June 2, 2009 KSL.com News reported that ‘short sales' are on the rise in Salt Lake City, UT. The report gives very few details and goes on to quote a few Realtors in Salt Lake City about the effects of short sales and whether or not they are good for a potential buyer. The overall
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06/05/2009
The Park City Board of Realtors welcomed speakers from the Rocky Mountain Resort Alliance at its monthly luncheon last week. The alliance is made up of the Boards of Realtors from destination ski towns in the western United States. The alliance includes Park City, Utah, Sun Valley Ida
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05/07/2009
In the spring of 2008 creditors forced the Promontory luxury golf subdivision in Park City, UT into bankruptcy. The developer, Arizona based Pivotal defaulted on loans amounting to over $270M. On April 15, 2009 a group named Pivotal 7000 headed by the CEO of Pivotal, Franc
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04/28/2009
The first quarter of 2009 Park City real estate statistics show that the Park City and Deer Valley area are not immune to the impacts of the national and global economic downturn. There were 91 total sales in the greater Park City area (PCMLS 1-22): 30 Single Family Homes,
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04/15/2009
Efforts to work through the Chapter 11 bankruptcy moved forward last week as it was announced that the Promontory Development will be auctioned off on the 15th of April, 2009. Credit Suisse has opted to send the property and operations to auction rather than provide the $70 Million i
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03/23/2009
Working as a REALTOR® in the Park City and Deer Valley Utah area puts me in a place to get a lot of questions from visitors. This is especially true while I am out enjoying the things that make Park City such a great place to live or vacation; skiing, biking, playing golf, etc. People
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03/08/2009
