parkcitywire: Signs of Life at Promontory and a SCREAMIN' DEAL too! - 11/18/08 05:17 PM
Just in the past few days we have seen 2 homes go under contract at Promontory.Maybe the activity can be attributed to the reorganization plan...but that has not been agreed upon by the court...so then again, maybe not.None the less, any activity is good to see. I would have to imagine … (0 comments)
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parkcitywire: Promontory Club Bankruptcy Discussion - 11/11/08 11:31 AM
Below is a brief recap of what has taken place over the past month in the Promontory bankruptcy hearings.
As you will see, a reorganization plan that is headed up ny Credit Suisse has been proposed by Pivotal , but nothing has been agreed upon. The agreement will hopefully take place … (2 comments)
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parkcitywire: Promontory Bankruptcy Update - 11/06/08 04:26 PM
UPDATE ON PROMONTORY BANKRUPTCY SITUATIONLate last Friday night the attorney's for Pivotal Group, the developer of Promontory, filed their plan of reorganization with the Bankruptcy Court. Because we know you do not want to wade through the 175+ pages of legal jargon, here are the highlights:
-A new entity will be … (2 comments)
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parkcitywire: Park City Powder Already...ABODE news and an Update - 11/05/08 04:23 PM
It's snowing like mad here in Park City today! It's been coming down since yesterday and we've got at least a foot now! Not too shabby...There's definitely a good base coming in for the ski resorts and the snow machines are on full blast adding to it.There's a wonderful excitement in the … (0 comments)
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parkcitywire: Who's Hungry for a PC Real Estate Market Update? - 10/07/08 05:38 PM
Over the past few days we have seen 28 properties come on the market, 13 go under contract, and 10 close. The high points are:
ACTIVE:-Old Town home for $3.7m; 4bd/5ba, 3401 sq ft, $1088psf...this one has been on the market before and actually started at $4.7m! If they are looking … (0 comments)
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parkcitywire: Dynamite Found in Mine at Empire Pass! - 10/07/08 03:35 PM
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 … (0 comments)
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parkcitywire: Debate-Day Market Update - Park City - 10/02/08 01:46 PM
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 … (0 comments)
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parkcitywire: How About a Market Update?!?! Happy Monday! - 09/29/08 06:34 PM
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, … (0 comments)
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parkcitywire: Need Something To Do in Park City?..... - 09/12/08 06:47 PM
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 … (0 comments)
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parkcitywire: DEER VALLEY GETS NUMBER ONE!!! (AGAIN) - 09/12/08 06:25 PM
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 … (0 comments)
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parkcitywire: A Grey Day in Park City... - 09/09/08 06:05 PM
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 … (2 comments)
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parkcitywire: Thinking Good Thoughts.... - 09/02/08 05:48 PM
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 … (5 comments)
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parkcitywire: Park City Market Update...News You Can Use! - 08/29/08 05:05 PM
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 … (2 comments)
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parkcitywire: Market Update....last week in August - 08/27/08 05:33 PM
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 … (0 comments)
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parkcitywire: Park City Summers Take the Cake - 08/25/08 04:40 PM
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 … (1 comments)
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parkcitywire: GREAT DEALS...in Park City, Utah...Market Update - 08/19/08 12:27 AM
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 … (0 comments)
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parkcitywire: Glenwild Year To Date Market Report - 08/14/08 12:11 PM
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 … (0 comments)
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parkcitywire: Mid-August Market Update - 08/12/08 05:16 PM
Since late last week we have seen 69 new properties come on the market, 25 go under contract, and 20 close. The high points are: ACTIVE:-Silver Star ski in/ski out at Park City Mtn Resort come on the market at $1.5m; 3bd/3ba, 1986 sq ft, $755psf....this is not too bad for … (0 comments)
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parkcitywire: It's Fate - We got Park City and Deer Valley! - 08/08/08 03:04 PM
yup that's right..!...we got 'em!
i'm so excited to sponsor these towns and to get down to business preparing great information and updates for locals and potential buyers!
i really enjoy activerain and localism and am so happy to participate at this level
on another note, i heard the other day … (2 comments)
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parkcitywire: A Market Update for Your Hump Day - 08/06/08 02:21 PM
In the past five days we have seen 59 properties come on the market, 24 go under contract and 25 close. Of note:
ACTIVE: -Old Town home at $2.1m on Lower Norfolk Ave; 3bd/2ba, 2635 sq ft, $767psf....seems a little high for 3bd/2ba.
-3 Old Town lots for $2.4 on Park … (0 comments)
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parkcitywire: Woooo Hoooo FINALLY a Market Update! - 07/30/08 03:31 PM
Sorry it has been a while since the last market update, but we have been working on changing the the layout of this website...it is going to be great when it is complete! So in the last week we saw 76 properties come on the market, 30 go under contract, and … (0 comments)
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parkcitywire: Old Town Beauty - 07/28/08 01:56 PM
Hello and Happy Monday!We had yet another glorious weekend here in Park City, complete with a night out at Prime Steak house on Friday and some great open houses held in Glenwild and Old Town.Rob even got some golf in at Promontory (Promontory has some really great courses and Rob says they … (1 comments)
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parkcitywire: What To Do This Weekend in Park City - 07/25/08 12:04 PM
What a busy couple weeks Rob and I have been having!...Between the summer concert series at Deer Valley, the locals deals at our favorite restaurants and all the weddings and events that summer-time brings...it's been hard to keep up! Not to mention our ever-more-demanding jobs! ;)I thought I'd post some ideas … (0 comments)
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parkcitywire: Midyear report on the outlying areas/developments of Park City - 07/17/08 11:34 AM
As we look at the mid-year activity in the outlying areas in Park City, we see a 50% decrease in activity but prices have increased. The area in discussion is everything past the White Barn except Jeremy and Pinebrook....so it covers Promontory, Glenwild, Old Ranch Rd, Canyons, Bear Hollow, Redstone, Tuhaye, … (0 comments)
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parkcitywire: Interesting mid-year report from Park City "proper" - 07/17/08 11:27 AM
While the number of sales has fallen off 39% in Park City proper (in-town), the other vital statistics have not changed much and we have seen an increase/appreciation in condo and lot #s:SINGLE FAMILY HOMES:2007 stats from 1/1/07 to 7/14/07-Ave Sales price $2,376,000-Ave PPSF sold $496psf -Ave Days On Market … (0 comments)
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parkcitywire: Some news and notes before the weekend - 07/11/08 02:50 PM
Affordable housing seems to be one of the main topics around town this week. The Planning Commission approved Talisker's project for affordable housing on the 100 block of Marsac Ave this week, and commended the developer for their efforts...I am not such why you get a pat on the back for … (0 comments)
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parkcitywire: The market is heating up a bit and Promontory news - 07/11/08 02:45 PM
Just before the long weekend, the bankruptcy court approved dip financing that will continue operations at Promontory through January 2009. Pivotal (the current developer of Promontory, who was forced into Bankruptcy in March) provided the financing from one of their other Pivotal company...the judge ruled that the two companies, Pivotal Promontory … (0 comments)
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parkcitywire: Happy 4th and a little market update - 07/11/08 02:39 PM
So as we prepare for the Forth of July, and all the festivities Park City has to offer on one of the greatest days to be a Parkite....here is a little market update:We have seen 39 properties come on the market this week so far, 23 close, and 24 pending. The … (0 comments)
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parkcitywire: 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 states. … (0 comments)
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parkcitywire: 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 at … (1 comments)
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parkcitywire: 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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parkcitywire: 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 high … (0 comments)
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parkcitywire: 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 miffed … (0 comments)
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parkcitywire: 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 be … (2 comments)
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parkcitywire: 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 we'll … (0 comments)
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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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parkcitywire: 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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