condominium: Ski Condo Investments – Park City, UT
- 09/09/16 07:13 AM
Is now the right time to invest in a vacation rental in Park City, Utah? The ski and snowboard magazines rating the new 2016/2017 equipment are in the racks or already in your mail stack, and there are less than 90 days to the opening of the snow ski and ride season. Is now the time to buy a Park City condo you can use a few weeks this season and rent out while you aren’t using it? Here are some of the things you can expect if you start the process now: Sellers while having been on the market all … (0 comments)
condominium: A Deer Valley Real Estate Tour on Skis
- 01/30/14 02:04 AM
Resort real estate in Park City is a very large portion of the market. Many of the homes and condominiums in and around Park City are second homes with out of stateor international owners. Homes located very near to or on the ski slopes are a very special commodity. I compare these properties to homes on the beach…there are only so many that are directly on the beach (a block away is not the same as on the water or boardwalk). A tour of the slope-side homes and condominiums in Park City can take hours and cover many miles as well … (2 comments)
condominium: The Best Real Estate Value Your Park City Agent Won’t Show You
- 03/29/13 04:37 AM
One of the first questions agents ask when asked about purchasing a home or condominium in the Park City, UT area is “how are you planning on using the home?” One of the most common answers is: “We plan on skiing here a couple times a year and possibly come up for a few weeks during the summer.” The follow-up questions are generally about where in Park City they’d like to be, the number of bedrooms they need, and the amount the buyer is hoping to spend. The answer to the last question may be what keeps potential buyers from seeing … (0 comments)
Outlying areas of Park City have been hit worst in terms of price depreciation with some areas seeing prices equivalent to those in 2001 and 2002. To give you a better feel for this, the largest increase in area prices happened in the 2004-2005 timeframe. There are now condominiums being offered at prices of over 50% off the peak sales prices of 2006-2007. Granted, these sale prices refer to bank owned and distressed sales, but that currently makes up about 10% of the … (1 comments)
condominium: Lookout at Deer Valley Announces Auction Sale in Park City, UT
- 02/21/10 11:19 PM
The Lookout at Deer Valley has announced plans to hold an auction March 27th, 2010 to sell seven of its luxury resort homes in Park City, Utah. The Lookout at Deer Valley is an enclave of 35 homes located on a hillside above Park City, Utah. Lookout offers 4 and 5 bedroom stand alone and attached luxury townhomes ranging from 4300 to over 6300 square feet. Homes at Lookout are well appointed and feel like primary residences. The Lookout at Deer Valley homes share a shuttle service which makes accessing the ski slopes effortless from this Upper Deer Valley … (0 comments)
condominium: Powderwood Condominium in Park City, Utah
- 02/11/10 02:38 AM
The Powderwood Condominiums in the Kimball Junction area of Park City, Utah can be an inexpensive (relative to other Park City and Deer Valley options) place to own. Powderwood is located at the junction of I-80 and Hwy 224 - the entrance to park City, Utah.
Powderwood offers easy access to Park City's three world class ski resorts (Deer Valley, The Canyons, and Park City Mountain Resort) as well as shopping, dining and entertainment at the nearby Tanger Outlet Mall and Redstone/Newpark Resort areas. Powderwood is an easy 25 minute drive from the Salt Lake City International airport. Ease of access … (0 comments)
condominium: Park City, Utah Real Estates Sales Statistics 2008
- 02/09/09 12:01 PM
The Park City Board of REALTORS® last week released statistics for the year ending December 31, 2008. The February press release shows that sales in the Park City, Utah area were down by nearly 50% in dollar volume versus 2007. The sales dollar volume at just over $1 billion was roughly equal to the sales of 2004. Looking at the sales a little closer and narrowing the scope of the statistics to only include Park City (not outlying areas such as Kamas, Francis, Heber and Midway) and focusing on sales by property type and unit volume, the statistics show … (0 comments)
condominium: Park City, UT Price Stability
- 10/28/08 05:26 AM
This is a follow-up post from Oct 20, 2008. On the 22nd of October Park City's local paper The Park Record ran an article stating that average home prices in Park City have shown only a 5% decrease while sales volume is down over 40%. In the previous YouInParkCity.com blog post it was noted that some Sellers "don't have/or need to sell" as a reason why prices have remained somewhat stable in Park City and Deer Valley. The homes and condominiums that are currently selling have represented strong values and have been some of the most aggressively priced. So the … (0 comments)
condominium: Remodeling Your Park City Home to Sell
- 10/06/08 02:35 PM
Saturday Morning TV seems to be filled with shows on HGTV and the DIY network among others that show people upgrading their homes followed by a Realtor telling them how much more it is worth. The country's present real estate market shows us that those upgrades may not all be good and definitely don't necessarily make you money in the end. This is not to say that something can't be bought at a great price have a few cosmetic upgrades done and be sold for a profit, but the days of the easy fix and flip may be gone. The Park … (0 comments)
condominium: Park City Real Estate 2nd Quarter Statistics 2008
- 07/15/08 06:52 AM
The second quarter of 2008 has come to an end and the statistics are out for the Park City, Utah real estate market. It is always interesting to see how the numbers stack up to what your gut feeling about how the market is doing. A quick look at the numbers can show that my gut feeling is both right and wrong, as usual, the numbers can be spun to show whichever story you want to tell. Well, almost... There is almost no classification in which it can be shown that sales volumes are up. Single Family home sales for the … (0 comments)
Is now the right time to invest in a vacation rental in Park City, Utah?
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