glenwild: Canyons finally closes!!!
- 07/01/08 04:08 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. The proceeds were received in the form of $51 million in cash and $71 million "in secured senior notes," the SEC document states. Talisker has tried to close the sale since 2007. American Skiing Co. intends to use proceeds from the sale "in accordance with its plan of dissolution, which … (0 comments)
glenwild: Market Update...what's going on in Park City
- 06/30/08 08:05 AM
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 little high...there are some great deals at Kimball Junction if you are looking to buy.-Park Meadows home for $12.9m; 6bd/11ba (2 bathrooms for everyoneJ), 11,000 sq ft, $1173psf is ridiculous for Park Meadows! This home will take a special buyer for sure....it is on 7 acres for whatever that's worth … (1 comments)
glenwild: A Quick Little Update Regarding Promontory
- 06/26/08 09:01 AM
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 more on the 3rd of July.....it could be a happy 4th depending on the decision!Look for the market update tomorrow and a Empire Pass YTD summary. … (0 comments)
glenwild: Lots in Glenwild....Who Knew They Were Such Great Deals!?!
- 06/20/08 09:40 AM
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 discuss some of the great lots available in Glenwild and where the deals are at.There are currently 38 lots listed in Glenwild. Two lot sales have closed in the last week there as well. One lot at 1.21 acres closed at $806,550 (it was originally listed for $849,000). The other … (0 comments)
glenwild: Homes Report for Glenwild
- 06/20/08 09:24 AM
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. There are currently ten homes listed in Glenwild with the smallest at 5000 square feet and a price of $3mil. That's $600 a square foot. The largest home currently listed in Glenwild is 8500 square feet and a price of $5.995mil. This larger home is at only $705 per square … (0 comments)
glenwild: Rocky Mtn Resort Outlook
- 06/18/08 11:31 AM
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, Dr. Lawrence Yun. Here are the high notes that we covered in the session titled "After the Clean Up":-Historically the US foreclosure rate is 1%. In 2008 the rate is 2%, but in the Rocky Mtn states the foreclosure rate is still under 1%.-Areas with little sub prime exposure (i.e. … (8 comments)
glenwild: Promontory Update....Good Advice
- 06/12/08 12:50 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 are pending sale. The homes and cabins fair a little better with: -68 on the market at an average price of $2.9m and average price per sq ft of $509...which is still holding up.-3 sold at $1.7m, $1.8m, and $2.3m and their average ppsf is $518.-15 under contract at an average of … (0 comments)
glenwild: Gorgeous Home in Old Town, Park City!
- 06/12/08 04:28 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 offer is right. Click here for more info on this listing. … (2 comments)
glenwild: Snow in Park City Today.....HE-LLO....It's June 11!!!
- 06/11/08 10:48 AM
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 woooooosh! the USA freezes over! But I guess I could be exaggerating....(what's new?) Regardless, snow on June 11th is something to talk about...there is no denying that fact. Then again - it is sunny now....(goofy mountain weather) really sunny, and I'm thinking of going for a hike in a few … (4 comments)
glenwild: Tax Credit Info
- 06/11/08 09:44 AM
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 buyers into the market, the NATIONAL ASSOCIATION OF REALTORS® told Congress on Thursday. NAR said the tactic has been successful before; A 1975 temporary tax credit helped to "clear an over-supply of newly constructed homes during an economic downturn." "We urge Congress to move quickly to conference and final passage … (2 comments)
glenwild: What We've All Been Waiting For....A Glenwild Update!!!!
- 06/10/08 01:36 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 market, 14 go under contract, and 15 close. Of note: NEW ON THE MARKET:-Black Bear Lodge unit in Upper Deer Valley's Silver Lake Village at $2.195m; 4bd/6ba, 3575 sq ft, and $613 psf is not bad for Silver Lake....especially with being 50 steps to the slopes, and having conceirge service, a … (0 comments)
glenwild: Five Rules for Home Buyers
- 06/10/08 10:15 AM
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 those who want to master the home-buying game. Explaining these items to your customers to help you win friends and sales. 1. Gaming the market doesn't work. There's a chance that the home you buy today will be worth less next year. So instead of trying to time the market, … (0 comments)
glenwild: Positive News....Just What We All Needed For The Impending Week!
- 06/09/08 02:15 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 new home sales in April. While April was the first time in over a year that single-family building permits posted a monthly gain, it was also the first time since October 2007 that new home sales posted an increase. However, the gain could be attributed to aggressive price cuts by … (1 comments)
glenwild: Bob Dylan in Park City - August 31st
- 06/09/08 08:12 AM
You know you're as excited as we are because folk-rock icon Bob Dylan is scheduled to perform at Deer Valley in August, according to the artist's wmusiceb site.The site lists a concert on August 31st, a Sunday. Tickets go on sale on June 28 at 10 a.m., with a presale scheduled June 23.This will be an outdoor concert at the famed Deer Valley outdoor amphitheater. This place is set in one of the most beautiful settings in West. It's so gorgeous in fact that many times the performers stop their music comment on the view from the stage!Not to mention, the delicious … (2 comments)
glenwild: More Neato Tidbits on Park City's History...Just In Case You Were Wondering...
- 06/09/08 07:40 AM
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 town has a unique history full of mining stories and "old west" ambiance... Park City is the real deal...and here's the proof! ;) Utah before Park City 40,000 BC Saber-toothed tigers hunt bison in what is now the Snyderville Basin. 1600 AD Indian bands travel the high alpine valleys in … (2 comments)
glenwild: Market Update Happy Friday!
- 06/06/08 01:48 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 income generator in Upper Deer Valley's Silver Lake Village at $1.199m; 2368 sq ft, 3bd/4ba, $506 psf...it could use an update, but for these views and this location you can't beat it.-Arrowleaf unit in Deer Valley's Empire Pass priced at $2.495m; 1779 sq ft, 3bd/4ba, $1402 psf...it is amazing, but … (0 comments)
glenwild: Promontory and Glenwild Updates
- 06/06/08 01:44 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 Suisse was putting together their own plan. However, this could change a the drop of a hat...so we'll look to find out more towards the end of June on how Promontory will move forward. The club is still operating and is supposedly going to start construction on the Forest Richardson … (0 comments)
glenwild: Inspiring Speech by JK Rowling....Something Happy For Your Friday
- 06/06/08 05:37 AM
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 just a little bit better. Text as prepared follows.Copyright of JK Rowling, June 2008 President Faust, members of the Harvard Corporation and the Board of Overseers, members of the faculty, proud parents, and, above all, graduates. The first thing I would like to say is ‘thank you.' Not only has … (3 comments)
glenwild: Disclaimer - For Those Who Can't Take Anything Too Seriously
- 06/05/08 10:33 AM
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 to anyone who reads this as well! ...The views expressed by the authors on this website do not necessarily reflect the views of this website, those who link to this website, the author's mother, father, sister, brother, uncle, aunt, grandparents, cousins, step relations, any other blood relative and the author … (5 comments)
glenwild: The Cost of a Visiting President....and AN UPDATE!!!!!
- 06/02/08 10:12 AM
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 as of 5/28/08. Talisker is pushing the envelope trying to get affordable housing on the southern end of Daly Ave. The street is narrow and in the winter turns to basically one lane, and the Tuhaye and Empire Pass developer wants to add housing at the far end. The extra … (1 comments)
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. The proceeds were received in the form of $51 million in cash and $71 million "in secured senior notes," the SEC document states. Talisker has tried to close the sale since 2007. American Skiing Co. intends to use proceeds from the sale "in accordance with its plan of dissolution, which … (0 comments)
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