park city: Canyons finally closes!!! - 07/01/08 11:08 AM
Talisker just closed on the Caynons deal. The Toronto-based developer, also developing Empire Pass, announced its intentions to purchase The Canyons from Park City-based American Skiing Company last July. Talisker completed the sale June 30 by paying ASC $123 million, a document filed Monday with the Securities and Exchange Commission … (0 comments)
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park city: Empire Pass is rolling along and no real news from the Talsiker/Canyons deal - 06/30/08 03:10 PM
Yet again Talisker failed to close on the Canyons. They did put up an additional $5m, to bring their total non-refundable deposit to $25m. Talisker officials were "unavailable" for comment...we'll keep our ear to the ground to see what is going on behind the scene...stay tuned.Here is an Empire Pass … (1 comments)
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park city: Market Update...what's going on in Park City - 06/30/08 03:05 PM
Well since Tuesday we have seen 60 properties come on the market, 15 go under contract, and 13 close. The high notes are:ACTIVE:-Glenwld lot for $895,000....I would imagine they have some wiggle room here on the price!-Fox Point at Redstone condo for $420,000; 2bd/3ba, 1302 sq ft, $322 psf seems a … (1 comments)
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park city: A Quick Little Update Regarding Promontory - 06/26/08 04:01 PM
Promontory update:There is no real news to speak of on the Promontory hearings, as the judge said that she should have a decision on July 3. Supposedly Credit Suisse, the first lien holder, does not want Pivotal, the current developer, to continue developing or operating the club. Hopefully, we will know … (0 comments)
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park city: Park City, Utah - Market Update...not too shabby - 06/24/08 05:33 PM
Since the beginning of the weekend we have seen 65 properties come on the market, 15 close, 13 go under contract.Here are the high notes:ACTIVE:-Promontory home at $3.795m; 6500 sq ft, 5bd/7ba, $584psf...this one looks like a great home, but I have not been through it yet. Seems a little … (0 comments)
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park city: Talisker Misses the Mark on Closing at the Canyons...Again...Maybe Next Week? - 06/24/08 05:18 PM
Talisker has yet again failed to close on the Canyons, but their attorney has stated that they will close this week....we have heard that before!The public sentiment around town is that Talisker will not be able to close, however I think the deal will get done. Parkites seem to be … (0 comments)
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park city: 2008 Concerts at Deer Valley - an in-depth discussion - 06/23/08 06:37 PM
So you're getting excited already about the August 31st Bob Dylan concert at Deer Valley in the loverly Park City...well I know how you feel.I for one am not going to sit around on my laurels and wait for that concert...I mean YES I want to go and I will … (2 comments)
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park city: Lots in Glenwild....Who Knew They Were Such Great Deals!?! - 06/20/08 04:40 PM
So in our last post we talked about the housing market in Glenwild and how there are plenty of great homes for sale there. With the houses moving pretty fast and the lots moving slower, the sellers of the lots should be antsy to make some serious deals!In this post … (0 comments)
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park city: Homes Report for Glenwild - 06/20/08 04:24 PM
In our humble opinions, Glenwild is one of the top developments in the Park City area. Not only does it provide members with a great golf club and community but it also gives residents amazing, sweeping views and a group of gorgeous homes built in the serene and breathtaking … (0 comments)
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park city: Rocky Mtn Resort Outlook - 06/18/08 06:31 PM
A little over a week ago we held the Rocky Mountain Resort Association annual meeting here in Park City. Professionals from Aspen, Vail, Jackson, Winter Park, Steamboat, and Sun Valley just to name a few. The best and most informative part was a 3-hour session put on by NAR chief … (8 comments)
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park city: Market activity and no news from Promontory....yet - 06/17/08 06:55 PM
Promontory has its next scheduled court date next Monday, June 23. So while there is no news yet, next Monday afternoon should be interesting. Other than that, there are some good deals in the development, and the golf season in cranking up & running beautifully.Just in the past day … (0 comments)
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park city: Talisker Update.... - 06/16/08 04:27 PM
Park City developer, Talisker, has still not closed on their deal to buy the Canyons.They missed another deadline to close on the deal on Friday, which was the third deadline they have missed. Attorney's for Talisker have stated that they intend to close on the deal very soon. Talisker is also … (0 comments)
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park city: New Restaurant in Town...And An Update! - 06/16/08 04:15 PM
Ski Utah reported that the 2007-2008 ski season was the best ever! Numbers to come later... Cafe Rio, the famed Mexican restaurant, opened at Newpark Hotel late last week....the residents of that area seemed to be pumped! In addition Steven Maxwell, of Fat Kid Pizza, is opening a restaurant in the … (0 comments)
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park city: Promontory Update....Good Advice - 06/12/08 07:50 PM
While Glenwild continues to sizzle, Promontory is a bit slower...just as one might think with the cloud of organization hanging over the development. Here is a snapshot of Promontory YTD (6/10/08): -111 lots on the market...which is just an absurd number to say the least.-2 lots have closed at $310,000 and $705,000-7 lots … (0 comments)
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park city: Gorgeous Home in Old Town, Park City! - 06/12/08 11:28 AM
In this gorgeous Old Town home the historical society will be hosting a dinner there on Friday night. Listing at $1,995,000; 4bd/4ba, 2375 sq ft, and for $840psf is not to bad for walking distance to Main St, and skiing!!! A lease back option might even be considered if the … (2 comments)
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park city: Snow in Park City Today.....HE-LLO....It's June 11!!! - 06/11/08 05:48 PM
Seriously folks.....this is mayhem!
Today it snowed in Park City for the whole morning!
What is this? Can I blame Global Warming? Or El Nino?
Weather like this makes me nervous....I have a vision of that movie "The Day After Tomorrow" where the weird weather starts slamming the world and then … (4 comments)
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park city: Tax Credit Info - 06/11/08 04:44 PM
Here's some interesting information regarding what the National Association of Realtors thinks about a temporary tax credit to provide incentives to home buyers into getting a move on....hmmmmmmmm.....
NAR says a tax credit would get buyers off fence
A temporary tax credit would be the best incentive to move hesitant home … (2 comments)
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park city: What We've All Been Waiting For....A Glenwild Update!!!! - 06/10/08 08:36 PM
While things still look to be hot at Glenwild in the housing market, we are still seeing some good deals on lots in the development to acquire. Please contact me for more info on those robalday@yahoo.com or 435.729.0022. In the past few days we have seen 64 properties come on the … (0 comments)
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park city: Five Rules for Home Buyers - 06/10/08 05:15 PM
Here's some great rules to share with your buyers inorder to get them in the right state of mind for the process...
5 New Rules for Home Buyers
Surviving and thriving in the real estate market these days means following a whole new set of rules.
Here are five imperatives for … (0 comments)
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park city: Positive News....Just What We All Needed For The Impending Week! - 06/09/08 09:15 PM
Some good news nationally as housing data in April provided some unexpected signs of hope that the housing market may be stabilizing. While still premature to declare that ‘the bottom has been reached, we may be getting close. Positive permits and housing starts data was followed by a rare up-tick for … (1 comments)
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park city: Bob Dylan in Park City - August 31st - 06/09/08 03:12 PM
You know you're as excited as we are because folk-rock icon Bob Dylan is scheduled to perform at Deer Valley in August, according to the artist's wmusiceb site.The site lists a concert on August 31st, a Sunday. Tickets go on sale on June 28 at 10 a.m., with a presale scheduled … (2 comments)
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park city: More Neato Tidbits on Park City's History...Just In Case You Were Wondering... - 06/09/08 02:40 PM
Want some more history on Park City?...well lucky for you I found a great deal of information on the Park City Historical Society website at www.parkcityhistory.org
There are so many people who come to Park City in the both the winters and summers every year and we forget that this … (2 comments)
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park city: Market Update Happy Friday! - 06/06/08 08:48 PM
MARKET UPDATE: Over the past week we've seen 55 properties come on the market, 32 close, and 31 go under contract. Of note: ACTIVE:-Fantasically priced home in what has turned out to be a hot Lower Deer Valley market. It comes in at $1.883m; 4660 sq ft, 5bd/4ba, $404 psf.-Great deal on an … (0 comments)
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park city: Promontory and Glenwild Updates - 06/06/08 08:44 PM
PROMONTORY: -Not too much to report on the Promontory bankruptcy situation. There is another hearing scheduled in court for the end of June. The lien-holders and Pivotal are trying to work out a plan to move forward. Last that we heard Pivotal and the 2nd lien holder had teamed up, and Credit … (0 comments)
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park city: Inspiring Speech by JK Rowling....Something Happy For Your Friday - 06/06/08 12:37 PM
I read this commencement speech today and was very inspired. This is the speech JK Rowling gave to the Harvard graduating class. It is very powerful to me and I hope that it can be as invigorating to anyone else who reads it as well. Hopefully it will make your Friday … (3 comments)
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park city: Disclaimer - For Those Who Can't Take Anything Too Seriously - 06/05/08 05:33 PM
I found the disclaimer below hereAnd I loved it so much I used it on my blog ( www.parkcitywire.com )It perfectly fits my personality and it also conviniently conveys what I need it to.The weather is sunny and wonderful here in Park City today and I couldn't be happier...I wish the same … (5 comments)
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park city: Park City's Wild History - 06/04/08 03:43 PM
Want To Know A Little About The History of Park City?...The city was settled as a mining community in 1870, following the discovery of lead, gold, and silver in the area. The city became heavily populated to such an extent that many people thought it would replace Salt Lake City as … (0 comments)
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park city: Talisker Purchase of The Canyons...UPDATE - 06/04/08 02:58 PM
Below is an update on the Talisker Purchase of The Canyons....but first....let's acknowledge the Park City Highschool's recent ranking by Newsweek Magazine as 286 in the nation....not to shabby! Also, the Park City Highschool Soccer Team took state last week. GO PCHS!!!!!!Talikser Purchasing The Canyons - Update:Talisker Corporation is still working … (0 comments)
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park city: The Cost of a Visiting President....and AN UPDATE!!!!! - 06/02/08 05:12 PM
Parkites could be shelling out an extra $30,000 for the chaos that surrounds a Presidential visit. All the extra law enforcement and vehicles ran up a hefty bill....I guess this is par for the course as far as Mr. Bush's economics go...just run up a tab! See the $9,390,653,364,135.51 national debt … (0 comments)
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park city: Best Practices - Six Good Tips - 06/02/08 04:54 PM
Here's a great list of best practices to keep in mind as an Agent. Also, take a look at the "official Rob and Rachel blog" at www.parkcitywire.com!
If you're like many of today's real estate professionals you are wanting to attack the Internet to find clients. Given today's challenging market conditions, you … (3 comments)
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park city: Tips For Holding a Spectacular Open House For Any Listing - 05/29/08 04:07 PM
Here are some handy tips to pulling off a very well received Open House for any listing. Open Houses can be fun and they are a great way to show off a property and to meet new potential clients.
FOLLOW THESE STEPS TO OPEN-HOUSE GREATNESS:Advertise in your local newspaper. Make sure your … (1 comments)
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park city: President Bush Arrives In Our Fair Hamlet Today - 05/28/08 03:23 PM
Mr. President George W Bush himself is coming to Park City today...and even though I don't agree with him on most things...it's still pretty exciting all the same.This morning on the local radio station (KPCW) they were discussing his arrival. The town locals are a bit up … (5 comments)
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park city: President Bush Visits Park City....and an amazing house goes on the market in Glenwild - 05/27/08 05:16 PM
The big news around town is that President Bush is coming to town Wednesday and Thursday for fund-raising events for John McCain. Mr. Bush will be staying in Deer Valley at former Massachusetts Governor and former Presidential candidate Mitt Romney's home. Helicopters have been seen flying around town gearing up for … (0 comments)
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park city: It's Snowing In Park City - Go Figure! (& an update too) - 05/22/08 10:08 AM
It's snowing for the second day in a row here in Park City. It's a little crazy to think that just last Sunday I was sunning myself next to the pool at Promontory and today there are inches of snow on the ground and more falling! But that's the kind of … (7 comments)
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park city: A Recipe and Some Updates! - 05/06/08 09:08 PM
So this past weekend Rob and I celebrated the Kentucky Derby with our friend Brian in typical Rob & Rachel fashion....no - we did not don big red feathered hats!....We made a celebratory drink - the Mint Julep of course - and ate some delicious food The Juelps were wonderful....but what … (2 comments)
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park city: A Quickie Regarding Talisman - 05/01/08 05:35 PM
Contrary to rumors flying around town, Talisman is still moving forward on development. People are saying the project is going bankrupt, but they are still requesting building permits and look to move forward this summer. The development is just on the other side (south) of the Jordanelle, and looks to have … (0 comments)
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park city: Slight Rate Cut....and an update of course - 04/30/08 06:34 PM
Since Friday we have seen 69 properties come on the market, 29 close, and 18 go pending. Of note: PENDING:-30 acre residental lot in Silver Creek for $2.4m...nice views from this horse property.-Aspen Spring Ranch home at $1.45m; 5910 sq ft, 5bd/4ba...only $245ppsf! CLOSED:-4 different cabins at Promontory ranging from $1.582m (2015 sq … (7 comments)
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park city: More News on Promontory and The Park City Heights Project - 04/30/08 03:09 PM
Happy Wednesday! Rob and I used to celebrate 'Margarita Day' every Wednesday. But starting last month we have implemented a new weekly celebration, titled 'Wine Wednesdays'. From now on we plan to try a different and interesting wine every Wednesday. And we'll be taking notes. Any fabulous finds we may encounter, … (2 comments)
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park city: WAIT!!!.....interest rates slightly up....don't close that loan just yet! - 04/27/08 01:24 PM
STOP...before you lock in that loan....NOTE: Due to inflation concerns 30 year fixed rates jumped to just over 6% (6.03%) last week for the first time in a month and a half. The 15 year fixed is at 5.62%, up .22%, abs the 5 year ARM is up .2% to 5.68%. … (0 comments)
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park city: A Few Updates and Happy Weekend To All!!! - 04/25/08 06:27 PM
Hope everyone had a great week! In the past day we have seen 42 properties come on the market, 14 close, and 8 go under contract. Of note:
PENDING:-Hidden Meadows home in Lower Deer Valley for $1.71m; 4bd/3ba, 4100 sq ft-Stonebridge condo in Lower Deer Valley at $649k; 3bd/3ba, 2505 sq ft
CLOSED:-Empire … (0 comments)
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park city: MORE SNOW IN PARK CITY!!!!! and.....an interesting development comparison - 04/24/08 01:55 PM
Well guess what?!?!? It's snowing like MAD in Park City and it's practically May!
Rob and I are both hard at work recently....him on some contracts and developments Snow Park is working on and me on some things with the St. Regis project here at Deer Crest.
Park City is incredible today....the snow is coming … (6 comments)
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park city: Local News About the Yarrow and Tips for Going Green in Your House - 04/23/08 10:24 PM
Local News: -The owners of the Yarrow Hotel on Park Ave. (next to Albertson's) have made it clear that they wish to raze the hotel and replace it with a swankier lodge. This could take place as soon as 2010. The new building would have meeting and convention space like the old … (0 comments)
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park city: The Baldy Balderdash and Deer Valley Stays Hot, Even as the Weather Gets Cool - 04/22/08 05:14 PM
Rob and I spent this past Sunday in Sun Valley, Idaho for a special ski day with friends. There's an event in Sun Valley every year where a "private ski day" is raffled off. Anyone can buy tickets to the raffle and the winner gets to invite 200 friends to the Sun … (1 comments)
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park city: Plenty of Buyers for Deer Valley and Good Deals at Tuhaye - 04/18/08 05:17 PM
Going on in the Park City Real Estate market in the past day or so, there have been 25 properties come on the market, 18 go pending, and 12 close. Of note: PENDING:-Golf Club Cabin at Promontory at $2,250,000; 3460 sq ft, 4bd/6ba. Looks like there are still buyers, even though a … (2 comments)
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park city: Skiing until JULY and some red-hot restaurant deals! - 04/16/08 06:40 PM
UPDATE: We can't get rid of this snow! While it is not good for the golf courses, a few of the ski resorts have stayed open , and maybe we can hit the slopes in the Cottonwood Canyons over the next few weekends. We might be skiing Snowbird until JULY!!! In the past … (3 comments)
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park city: Goings On at Quinn's Junction and at the Montage at Empire Pass - 04/15/08 05:51 PM
A few updates regarding developments around town:-Boyer Plumb Park City, the developers of Park City Heights at Quinn's Junction, made it through the Park City Planning Commission on a 5-0 with there bid to get the project annexed into the city. The plan is to build 157 regular priced units and … (0 comments)
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park city: give us your opinion on this quote....... - 04/14/08 10:55 PM
we need an important and relavent quote for some materials.....
what do you think of this one?
be greedy when others are fearful and fearful when others are greedy" warren buffett
any comments on this?
we'd love to hear your advice
… (3 comments)
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park city: The Market is Poppin' in Old Town and Glenwild - 04/14/08 05:25 PM
While we were in New Orleans, all 3 ski areas in Park City closed for the season despite all of them having over 120 inch bases!
The season was one of the best in memory even though we had somewhat of a late start.
It was not until January that we … (0 comments)
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park city: A little good news for your Monday morning! - 04/14/08 11:38 AM
This update is a little delayed due to the fact that Rob and I took a little trip to New Orleans to attend the wedding of a friend. We had a great time in the "Big Easy" but as usual we are grateful to be back home!
At the end of last week, the Park City market saw 10 … (0 comments)
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park city: Updates On Big Park City Developments - 04/08/08 05:10 PM
Yesterday we had terrific snow and today we had delightful sunshine! It's the second day of another wonderful week in Park City. The news on TV just keeps yammering on and on about the down market and the never ending supply of bad news.....but here in Park City, Utah we have plenty of other interesting … (2 comments)
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park city: Tons and Tons of Snow!!!!!.....and some great updates as well - 04/07/08 01:34 PM
So it DUMPED LIKE CRAZY all morning here in Park City and many of my friends took the day off of work to hit the "pow pow"....but not me....I'm sitting diligently at my computer working away ;)
The most probable reason that I am so content to come to work amidst the amazing snow … (1 comments)
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park city: Some Interesting Ski Town Sales Numbers to Peruse - 04/03/08 11:33 AM
See the 2007 year-end stats from the resorts around the Rocky Mountains. While the number of sales decreased in Park City the average sales price was up, which boosted our total volume up by 3% over 2006. Park City is still a great buy when compared to some of the other … (2 comments)
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park city: What's the deal with Promontory?!?!?!? - 04/03/08 11:18 AM
So there's been plenty of talk lately about the Promontory development and what is going to happen with it's future.....This statement was released from Pivitol Group, the developer of Promontory, on 3/28/08 to its members.
In January, Promontory announced that deteriorating market conditions impacted by the sub prime mortgage crisis led … (0 comments)
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park city: Even in this slow market, there is still plenty of activity in Park City! - 04/03/08 11:14 AM
As we move into the second quarter of the year, we have seen some nice activity in the market over the past couple days. The highlights are: -A Deer Crest town-home at Deer Valley went under contract. The asking price for the 4 bed/5 bath 2800 sq ft home was $2.1m -A 2bd/3ba 1384 … (3 comments)
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park city: Deep Powder In Time For The Deer Valley Six Pack - 03/31/08 03:56 PM
There was plenty of snow to keep this amazing ski season going strong over the weekend. We skied powder up to our knees on Sunday and it snowed even more today. By Wednesday the weather reporters are predicting even more glorious flakes to come our way, making the end of the … (0 comments)
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park city: Park City, Utah - Very Under-rated! - 03/28/08 02:07 PM
Living here in Park City, Utah I have come to realize over the past three years that this is a very under-rated place.
For people who haven't been to Utah - the perception can be very skewed. I know before I moved here from Chicago I had a very negative opinion of … (0 comments)
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