rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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 hills. … (0 comments)
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rob and rachel: 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 economist, … (8 comments)
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rob and rachel: 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 we … (0 comments)
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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: Dreaming of Sunshine While It Rains and Snows in Park City - 05/21/08 11:37 AM
Rob and I recently spent a week's vacation in what we consider to be a hidden gem and our secret little spot of sand in Mexico...
I hesitate greatly to mention this wonderful place in such a public forum but I'm just so in love with this island I have to … (9 comments)
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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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 … (0 comments)
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rob and rachel: 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 … (6 comments)
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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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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rob and rachel: 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 … (0 comments)
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