Park City Property Management Crimes(?) - 02/27/11 05:24 PM
            Two years ago two leading Park City, Utah property management companies went out of business.  Their downfall led to many unpaid bills to local vendors, employees, local government entities, and owners of the properties that the companies managed.
             The Summit County attorney recently determined that according to the laws of the state of Utah, the firms did nothing illegal in not paying home and condominium owners their share of rental revenues. The Summit County attorney was quoted as saying "It was bad business practices. Horrible decisions were made, but it was not fraud." The law in Utah and the … (0 comments)

Luxury Mountain Estate Auction - Park City, UT - 02/20/11 02:59 PM
            A luxury 160 acre estate complete with  home, guest house and barn with stable and riding arena will be sold at auction to the highest bidder Tuesday February 22. The estate is currently listed for sale on the Park City MLS for $17,500,000. The auction has no minimum bid and the seller has agreed to accept any offers above $8 Million (there is a 10% buyer's premium to be added to the sales price). Should no offer above $8M be tendered, offers below this price may be negotiated.
            The "Wow factor" of this home begins almost as soon as … (1 comments)

Stealing a Home in Promontory - Park City, UT Getting Harder to Do - 02/14/11 11:29 PM
            The Promontory area of Park City was a relative hotbed of sales for the Park City, UT area for 2010. Homes and Vacant Lot sales totaled 87 across the Park City MLS during 2010. This sales number accounts for over 9% of all the sales in the greater Park City area for the year.
            To date there have been about 800 lot sales in Promontory and there are currently about 300 completed luxury homes with another 25 under construction. The Promontory area was hit hard by the economic downturn, but recent indications show that investors and value shoppers are … (0 comments)

New Home Scarcity in Deer Valley, Utah - 02/02/11 08:19 PM
            The Ironwood development in Deer Valley, Utah launched the Empire Pass area of Park City in 2002. This started a new phase of luxury ski-in/ski-out homes and condominiums in Deer Valley. Empire Pass at Deer Valley homes and condominiums are clustered close together next to ski-in/ski-out access. This clustering next to the resort also serves to preserve thousands of acres of open space around the development. The density trades and resulting cluster of condos and townhomes at the base of the Silver Strike, Northside and Empire Express chairs at Deer Valley does not necessarily give a feeling of scarcity, but … (1 comments)