Hottest Micro Market - Foxpoint at Redstone - 12/22/11 06:40 PM
 

Where else in town is there a TWO MONTH inventory? Suddenly Foxpoint at Redstone has become one of the hottest subdivisions in Park City. There are only 4 condominiums on the market there, with two pending and 11 closed in the last six months.
The average sale price of the sold properties was just $244,000. Current listings are priced between $201,000 for a two-bedroom condominium and $329,000 for a 3-bedroom townhome. These properties can be rented nightly, as vacation rentals or rented to long-term tenants. They are located in an ultra-convenient location, just a steps from movies, restaurants, groceries … (0 comments)

Promontory - The Window of Opportunity is Closing! - 12/20/11 05:08 PM
 
Dreaming of being an owner/member at Promontory-The Ranch Club in Park City when prices bottom out? Well, with 90% of the distressed home inventory sold this year, that window of opportunity may soon be closed.
 
Savvy home buyers and investors are snapping up Promontory’s inventory of vacant lots and homes. Year to date, 91 lots and 49 homes closed with 8 lots and 7 homes pending, for a total of 157 units sold or pending for 2011! Another reason to act sooner, rather than later, is that Promontory will be modifying its membership pricing again in early 2012.
 
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Canyons|Waldorf Astoria Update - 12/16/11 01:39 PM
 
  Talisker Corporation, owners of Canyons Ski Resort and Waldorf Astoria Park City, has been working hard on their Park City properties and  has some pretty exciting updates to report. Most importantly Talisker is fully funding at Canyons one of the largest improvement plans that any North American Ski Resort has seen in recent history.  The Waldorf Astoria is working toward achieving 5-star status and the surrounding Frostwood neighborhood is much closer to realizing its final form of a low density/lift serviced/golf frontage area within a major ski resort.  Think about this for a moment.  Where else can you find property … (0 comments)

November 2011 Park City Home Sales - 12/14/11 06:15 PM
 

 
 
 
Thirty-five homes closed last month in the Park City area. Here is the breakdown by neighborhood:
 
Deer Valley-3
 
Jeremy Ranch – 0
 
Old Town – 5
 
Park Meadows – 2
 
Pine Meadows (Tollgate Canyon) – 2
 
Promontory – 2
 
Silver Creek – 1 (Goshawk Ranch)
 
Silver Springs – 6
 
Sun Peak – 1
 
Thaynes Canyon -1
 
Trailside – 4
 
Summit Park – 0
 
Old Ranch Road – 2
 
Pinebrook – 4
 
Chatham Hills-1
 
Prospector-1
 
The average list price was … (0 comments)

Dr Suess Comes to Park City - 12/09/11 07:14 PM
 
Dr Seuss Comes to Park City By Nancy Tallman on December 9, 2011
Go see Dr. Seuss Secrets of the Deep. This free exhibit is at Redstone Gallery in Kimball Junction until December 31, 2011. www.theredstonegallery.com. I have had the fortune of recently seeing two other Dr. Seuss exhibits in the past 2 months. My husband and I stumbled upon the first exhibit in Sausilito, California. I took my kids to the Museum of Science and Industry in Chicago during Thanksgiving when we saw “Dr. Seuss and the Art of Invention”. I was so excited to hear that Dr. Seuss … (0 comments)

Selling During the Holidays Could Mean More Money for You! - 12/06/11 10:53 AM
Thinking about selling your home or an investment property? I would suggest listing now rather than waiting until next year. One of the biggest problems sellers have faced over the past few years is competition in the market. The inventory of homes for sale typically reaches its lowest points in November through March. Homes on the market during these months will face far less competition. In Park City, we are seeing the lowest inventory that we have in years. Competitively priced homes in good condition are receiving multiple offers and there are buyers sitting on the sidelines with cash just waiting … (0 comments)