Park City Real Estate Value - 07/30/09 10:24 AM
            Pricing trends in the Park City and Deer Valley real estate market are very interesting right now. As the national economy tries to find its bottom, Park City, Utah real estate is doing the same while making an effort to prop up its values.
            There has been an uptick in the sales activity recently and there is a feel within the real estate community that Buyers are coming back to the marketplace. Recent sales activity confirms the feeling. While the second quarter of 2009 shows 121 sales of land, homes and condominiums in the greater Park City area, there … (0 comments)

Real Estate News: Park City, Utah - 07/21/09 06:35 PM

St Regis, Dakota Mtn Lodge, Treasure Hill, Summit Research Park and more
            As the funicular cars fro access to the new St Regis Hotel at Deer Crest in Deer Valley were set to be installed (Friday July 17,2009), local radio station KPCW was airing a story about a Deer Crest residence owner suing the project and its developers.
             The radio report indicates that the owner of a home and lot in the lower portion of Deer Crest near the base of the Jordanelle Gondola at Deer Valley Resort has brought a lawsuit against the developers of the St … (0 comments)

Park City and Deer Valley real estate sales for Q2 2009 - 07/13/09 07:42 AM
            With the end of June came what is considered summer here in Park City after an unusually wet spring "mud-season". The end of June also marks the end of the 2nd quarter and time for a Park City and Deer Valley real estate market update. The Park City and Deer Valley home and condominium sales for the quarter show that the market has slowed, but probably not as much as people think.
            For comparison purposes, we will look only at areas 1-22 for the Park City MLS which includes the Park City neighborhoods of: Old Town, Thaynes, Lower Deer … (0 comments)

Mixed signals for the Park City and Deer Valley real estate markets - 07/08/09 08:55 AM
            The Park Record, Park City Utah's local twice weekly news source, ran an article over the weekend titled "Optimism for Park City economy might be justified - Statewide economy expected to get worse this year". The title of the article seems to be in conflict with itself as much as most of the rest of the article. Within the article, there are quotes from the Park City Board of Realtors President stating that national indicators often drive the Park City real estate market and that the current trends in GDP and stock market have had positive effects on consumer confidence … (0 comments)

Construction in Park City Remains Slow - 07/02/09 05:41 PM
            The Park Record Newspaper (Park City Utah's twice weekly news resource) ran an article this week stating that while construction costs should be enticing for building, builders and suppliers remain quiet. 
             Park City home building costs have come down recently due to a lower lumber, asphalt, steel and concrete costs. Jim Drexinger, senior vice president of sourcing for Stock Building Supply, which has a large store near Kamas that supplies local builders, said global markets are affecting many of the products they sell. Some lumber products have seen a "significant" reduction in price and some to "multi-year historic lows," … (1 comments)