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 air in Park City what with the new results of the presidential election and the whiteout we're having with all the glorious powder we can't wait to ski on.

If you're happy about the election results or not, you can take heart in the positive thoughts of a ski vacation in Park City, Utah.  As most places in the United States start to turn to cool and grey weather this time of year, Park City is building it's snow up on the tops of the mountains as well as on the rooftops and trees.  It's already a winter wonderland here and I couldn't be happier to be right where I am.  Why don't you come visit?  ;)

Speaking of a visit to Park City, we wanted to mention again a little note about  A B O D E  - the exceptional and simple care-taking service that we're introducing this season.  A B O D E  is a service for home owners in Park City who would like assistance with the care-taking and management of their property as well as comprehensive high-end concierge services.  A B O D E  seeks to provide it's clients with the basic property management needs to the utmost luxury level along with multiple and varied additional services.  This service gives our clients one place to come to for absolutely anything they need while they're here in Park City with their friends and families. 

If you think you might be interested in becoming an  A B O D E  client feel free to click on the link in the sidebar to the right.  Also, there is a link to the  A B O D E  page on this site with specific services listed and more details.  And if that's not enough, feel free to email us at robalday@yahoo.com or call us at 435.729.0022.

Now time for a market report.              

Over the past few days we have seen 44 properties come on the market, 10 go under contract, and 17 close escrow. Of note:

 ACTIVE:
-Old Town home at $1.795m; 3bd/4ba, 2820 sq ft, $636 psf....built green, and not a bad ppsf.
-Another Old Town home at $3.25m; 5bd/7ba, 4700 sq ft, $691psf....seems a little steep.
-Deer Valley lot in Solamere at $975,000...there is always a demand for Deer Valley lots, but what price will the buyers be willing to pay in these times? My guess is lower than this price.
-Promontory home at $2.195m; 4bd/5ba, 4450 sq ft, $493psf....not a bad price and the most activity at Promontory seems to be in the lower priced homes.

PRICE CHANGE:
-Old Town lot down $100,000 to $500,000...still a little high, but going in the right direction.
-Deer Valley lot down $350,000 to $745,000....a steal! Seller's say bring an offer!
-Promontory home down $700,000 to $4.5m; 6bd/7ba, 7995 sq ft, $563psf....still too high. These days it does not seem the $500psf rule is holding up at Promontory. We love the development, but prices seem to be under $500psf.
-Another Promontory home down $500,000 to $1.997m; 4bd/4ba, 5043 sq ft, $396psf...this is a good deal. On the golf course, good views, and aggressive ppsf.
-Tuhaye cabin down $900,000 to $725,000! 4bd/4ba, 3188psf, $227psf....this is the deal of the year!

PENDING:
-Old Town home at $658,000; 2bd/2ba, 1450 sq ft, $453psf...nice lot
-Deer Valley home at $1.568m; 4bd/4ba, 4305 sq ft, $364psf...this one came down $350,000 from the asking price and as soon as they lowered the price to the bottom floor it was under contract in a month and a half. This is what we are seeing the market place.....Buyers want deals!
-Tuhaye lot at $450,000....good to see land moving. Seems like people are picking up the lower priced Tuhaye inventory.

CLOSED:
-Deer Valley home at $1.705m; 4bd/5ba, 5573 sq ft, $305psf....nice deal.
-Park Meadows home at $840,000; 4bd/5ba, 3576 sq ft, $234psf....another deal where the price was lowered to the bottom floor and it sold.
-Newpark unit at $390,000; 2bd/3ba, 1483 sq ft, $293psf