Park City, UT Real Estate News

By Todd Anderson, Park City | Deer Valley Real Estate
(You In Park City group - KW Park City Keller Williams Real Estate)
Amidst all of the recent horrible national housing and economy news Park City, UT has received some great accolades. In addition to the release of The SKI Magazine readers' poll recognizing Deer Valley as the top ski resort in North America (see our www.YouInParkCity.com blog post from September 24), Park City has been mentioned by Forbes Traveler and featured in a USA Today article this past week. In the ForbesTraveler.com article which falls under their "Inspirations" section, travel writer Sarah Tuff Dunn in naming Park City, Utah as one of the 20 prettiest towns in America says: "I was struck by just how blue the sky was, and how dry the air, during a ski trip one March. I was used to soggy or icy conditions back East. After I skied seemingly bottomless powder at nearby Deer Valley,...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
Yesterday emergency crews descended on the Montage construction site outside of Deer Valley Resort's Empire Lodge after a construction crew discovered what Police Chief Wade Carpenter described as an old mine vault. Dynamite has been discovered in the mine vault! The word is not out yet on how much of the explosive was found....we'll keep you posted.
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By Todd Anderson, Park City | Deer Valley Real Estate
(You In Park City group - KW Park City Keller Williams Real Estate)
Saturday Morning TV seems to be filled with shows on HGTV and the DIY network among others that show people upgrading their homes followed by a Realtor telling them how much more it is worth. The country's present real estate market shows us that those upgrades may not all be good and definitely don't necessarily make you money in the end. This is not to say that something can't be bought at a great price have a few cosmetic upgrades done and be sold for a profit, but the days of the easy fix and flip may be gone. The Park City area, having a resort originally built in the 60's and 70's (not to mention miners shacks from the early 1900's), has some properties that are in need of a remodel. The majority of the guests coming here expect a world class resort and accommodations to match.  R...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
Today is Debate Day for the Vice Presidential Candidates and the whole country is no doubt interested to see how the whole thing will turn out.  Which ever candidate you are routing for, tonight's debate could really be telling. On another note, all the local developments in the Park City area are gearing up for the impending ski season and higher quantities of visitors and potential buyers.  The kinetic energy around here as the season nears, tends to intensify over the months as more and more tourists arrive and business in all areas swells.  three little birdies in thier nest In the past few days we have seen 38 properties come on the market, 14 go under contract, and 19 close escrow. The high notes are: ACTIVE:-April Mountain home at $5.2m; 5bd/7ba, 7678 sq ft, $677psf...seems a lit...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
What a great video... So GO DO IT   A L R E A D Y  ! ! ! ! ! No Seriously....V O T E ! !
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
Over the past few days we have seen 20 properties come on the market, 12 go under contract, and 9 close escrow. Of note, we have: ACTIVE:-Park Ave condo at $975,000; 3bd/3ba, 1628 sq ft, $598psf...seems a tad high, but we'll see.-Black Bear Lodge unit in Deer Valley at $1.995m; 4bd/6ba, 3575 sq ft, $558psf... a great deal for being across the street from Deer Valley in Silver Lake!-Glenwild lot for $865,000. PRICE CHANGE:-Main St. building at $1.6m, down $399,000....this one is only about 950 sq ft, but a great location! It looks like they are willing to move on price too!-Chaparral unit in Deer Valley down from $1.15m to $859,000; 3bd/3ba, 1992 sq ft, $431psf...this one will not be around much longer at this price and these views!-In The Trees condo in Deer Valley down $100,000 to $1.2...
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September 16, 2008 by Perspective Magazine: Timeshare & Fractional News & Reviews   America's premier destination mountain resort, Westgate Park City Resort & Spa, has opened the doors to a highly anticipated expansion that includes the all-new Bison Lodge and Moose Lodge. Completion of this project brings the number of keys at Westgate Park City Resort & Spa to 488, making the resort the largest in the Park City area. The new lodges at Westgate Park City Resort & Spa include a variety of spacious 1-, 2-, and 4-bedroom floor plans. These luxury units feature granite countertops, high-end leather furnishings, jetted spas, granite steam showers, stone fireplaces and private balconies. The new lodge buildings also add over 6,000 square feet of conference space, 12,000 square feet of retail...
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Did you know that the Sundance Film Festival is probably the busiest two weeks of the year in the town of Park City, Utah?  Park City's historic Main Street becomes a huge gathering place for independent film aficionados.  Fans and industry professionals spend the week viewing some fabulous indie films, and enjoying our local restaurants and night clubs.  All this being said, now is the time to plan your vacation condo rental or lodging arrangements for your visit to the Sundance Film Festival.  Please contact us for your Park City or Deer Valley Condo rental.  We have four two-bedroom Park City condos and a studio condo available for Sundance rentals.   Fantastic locations make our condos ideal.  Early booking will insure you can get all the room you need for the prime dates. The Sunda...
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By Granda Metz
(Majestic Realty)
Hello from Park City, Utah:  It's that time of year again - the leaves are once again turning color.   We are now anxiously waiting for the western jet stream to bring us a another snow-filled ski season.  Keep your fingers crossed...  We hope you enjoyed a wonderful vacation in Park City with us and want to take a moment to remind you to plan your winter vacation now and stay at one of our condos this season.   We have five units available, four 2-bedroom units at the Rossie Hill Drive complex and one studio unit on Park Ave.  The units are filling up quickly for the key holiday weeks -  so let us know your date preferences as soon as possible.    Please e-mail or call so we can lock in your vacation condo rental or discuss your Park City real estate needs.  Best Regards, Granda
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
mountain biking in Park City, Utah -First of all let's start with the Farmer's Markets at the Canyons in Park City...they are GREAT!  Get over there and get some delicious produce and treats before it's over for the year!  Rob and I grabbed some peaches this past Wednesday (that's when they hold the Farmer's Markets) and they are wonderful! -Next, now that the leaves are changing colors (and here in Park City the leaves don't stay pretty for too too long before they fall off and signal the start of ski season) it's time to go and grab a lift ticket and ride the lifts up to gawk at the pretty hues.  Deer Valley runs their lifts on the weekends this time of year and it's a pretty cheap and easy way to take in yet another wonderful part of Park City that doesn't involve skiing... -What...y...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
changing leaves in Park City, Utah Not like it's a big surprise but....Deer Valley once again took the top spot for the nations best ski resort, according to Ski Magazine.  NICE! It is the fourth time in the last eight years the magazine's readers have put Deer Valley on top, edging out one of its fiercest competitors, Vail Resort for the second year in a row. According to Deer Valley's Director of Marketing Coleen Reardon, the resort's secret weapon is its guest services. "I think it's our services, the way we provide the whole vacation experience."  Reardon says she also believes that the price gap among the country's top ski areas has narrowed, "so people are realizing Deer Valley's value." Rob and I can't help but agree with Reardon and Ski Magazine...WE LOVE DEER VALLEY!  Rob skis...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
The weather today is a little grey here in Park City....it kinda makes me want to crawl into bed and watch TV...wait - better make that a movie, considering the fact that if I have to hear one more newscast about Sarah Palin - I might explode...we need some new material folks!  So how does everyone like our new blog layout?  I'm still working diligently on it but we figured we'd get something up and running in the meantime.  We've got some really great pages to add so keep checking back...a lot...feel free to stop by the site 4, 5, 6 times a day if you like that's how I do it with Perezhilton.com...I can't deny myself the simple pleasures of my favorite blogs... Now here's why you're really here - to read Rob's updates with the interesting info you're looking for...read on! With the Fed...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
Existing-home sales rose in July to the highest level in five months, although they continue to be well below the numbers from last year at this time, according to the NATIONAL ASSOCIATION OF REALTORS®. Existing-home sales including single-family, townhomes, and condominiums increased 3.1 percent in July to a seasonally adjusted annual rate of 5 million units from a downwardly revised level of 4.85 million in June. Sales were 13.2 percent lower than the 5.76 million-unit pace in July 2007. Many people might be bashing these numbers, because they say 40% of these sales were foreclosures....but don't the foreclosures need to get out of the marketplace before we can move on??? Just speaking locally, we have seen activity in the market drop this year, but the prices have appreciated a few p...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
In the past few days we have seen 44 properties come on the market, 18 go under contract, and 21 close escrow. The notable ones are: NEWLY ACTIVE:-Silver Star ski in/ski out at Park City Mountain Resort for $3.15m; 6bd/7ba, 3690 sq ft, $854psf....let's keep our eyes to see what this one does...at over $3m it is a big number, but where else can you get a 6 bedroom ski in/ski out home around $3m in Park City???-Glenwild home at $3.875m; 6bd/7ba, 7710 sq ft, $503psf....priced just right in of Utah's best communities.-Promontory home at $4.29m; 4bd/7ba, 7563 sq ft, $567psf....we actually built this home and it is no $4m home in this market....$3.5m???, now that makes more since. Especially since it was bought for under $3M about 2 and a half years ago!-Tuhaye home at $3.7m; 5bd/7ba, 7300 s...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
Tonight Rob and I are attending the Gipsy Kings concert at Deer Valley as the second to last chance to take part in the St. Regis Big Stars Bright Nights concert series.  It's going to be a blast!  And don't forget to check out our new blog layout and the new newsletter button we put at the top of the sidebar...if you give us your email address we'll give you our little newsletter and you know what that includes?....it includes coupons for local businesses here in Park City such as Chloe Lane and Jean Louis...thank us later!  During the past 5 days we have seen 63 properties come on the market, 24 go under contract, 18 close escrow. The high notes are: NEWLY ACTIVE:-2 sky lodge units at $375,000 and $399,000; both 3 bedroom, fractions (one-eighth ownership)-Silver Star ski in/ski out at...
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By Todd Anderson, Park City | Deer Valley Real Estate
(You In Park City group - KW Park City Keller Williams Real Estate)
          A recent video on the web shows an interview by Hilarie Barsky of Good Morning America Now speaking with Donald Trump about the real estate market. Mr. Trump is quoted as saying that the time to buy is now through next year and that those who don't may be wishing they had in the future. Trump feels that we are currently at "about the bottom of the market".           We see and hear reports pointing in all directions about which way the market is going. Mr. Trump may have some good insights, but can he call the bottom of the market? Only time will tell. He also states in the interview that "the country is obviously in big trouble" and that the banks have failed the people. Buying while home prices are down is good if you can find a way to finance it, and time will probably show...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
Rob and I just got back from a great trip to Southern California for the wedding of our good friends Brian and Brittney.  Brian is that friend of ours who provides most of the great scenic photos we post here.  Brittney is his new lovely bride.  Brittney and I met while working at Chloe Lane, a local boutique here in Park City which sells the most forward, fun and stylish clothing in the entire state of Utah. We had a great time in Laguna Beach where they held the amazing wedding of the century on the sprawling lawn of the St. Regis Monarch Beach.  The cliffs and beaches which make up the coast in that part of California are breathtaking.  Rob and I thoroughly enjoyed our time there, lazing on the beach and partying it up with Brian and Brittney's families....There was one thing that r...
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By Jonelle Simons
(Windermere Real Estate)
Park City has always been known as a great resort community with CLEAN mountain air!  A new study, however, shows that Park City's air pollution is on the rise.  Summit county residents need to get on board to nip this problem in the but before it becomes worse.  Salt Lake City has some of the worst winter air quality, and Park City residents need to take steps to prevent our great community from getting the same problem that Salt Lake has. CLICK here for the story from KSL. A great way to help is to get involved with UTAH MOM'S FOR CLEAN AIR who are coming together to help improve the air quality throughout the state of Utah. As always, please feel free to comment with questions, or if you have anything to add!
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
Over the past few days we have seen 33 properties come on the market, 11 go under contract, and 20 close. The high notes are: ACTIVE: -Sky Lodge condo (one-eighth fractional)at $267,000; 2bd/2ba, 1260 sq ft...these units seem to be coming down in price dramatically.-Old Ranch Road home for $1.495m; 3bd/3ba, 3400 sq ft, $440psf....great views and not too bad of a deal for a home with room to expand.-Short Sale at Promontory for $980,000; 3bd/6ba, 5339 sq ft, $184psf....if you want to be in Promontory and believe in the long term vision, this is a great steal! PRICE CHANGE: -Old Town home down to $1.499; 4bd/5ba, 2400 sq ft, $625 psf....down $450,000 from the original price. This area of Old Town is getting beat up! There are 3 auctions and dramatic price reductions....if you like being ...
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By Rob Alday & Rachel Peterman
(Snow Park Realty)
Glenwild report YTD: We have seen some nice activity in the Glenwild housing market in 2008, and the opposite for the vacant land market at Utah's #1 golf course. As of today (8.14.0 here is where we stand at Glenwild for 2008: HOMESActive homes:-13 homes on the market-Prices range $2.385m to $5.995m with $3.85m being the average-Price per sq ft range from $514psf to $705psf with the average coming in at $557psf.-The average days on the market is 127. Sold homes:-5 homes have sold in 2008-Ranging from $1.7m to $3.255m coming it at an average of $2.5m-Price per sq ft range from $392psf to $535psf  with an average of $478psf-Average days on market was 173 days Pending home:-1 pending (along with the $5.995m home in contract negotiations)-$2.695m-5690 sq ft working out to $473psf-On the ma...
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