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Debate-Day Market Update - Park City

By
Real Estate Agent with Snow Park Realty

Today is Debate Day for the Vice Presidential Candidates and the whole country is no doubt interested to see how the whole thing will turn out.  Which ever candidate you are routing for, tonight's debate could really be telling.

On another note, all the local developments in the Park City area are gearing up for the impending ski season and higher quantities of visitors and potential buyers.  The kinetic energy around here as the season nears, tends to intensify over the months as more and more tourists arrive and business in all areas swells. 

three little birdies in thier nest

three little birdies in thier nest

In the past few days we have seen 38 properties come on the market, 14 go under contract, and 19 close escrow. The high notes are:

ACTIVE:
-April Mountain home at $5.2m; 5bd/7ba, 7678 sq ft, $677psf...seems a little high.
-Chatham Hills lot for $550,000....look for vacant land to continue dipping in price.
-Glenwild lot at $865,000.
-Promontory home at $1.599m; 4bd/6ba, 3998 sq ft, $400psf...good value here!

PRICE CHANGE:
-April Mountain townhome down $300,000 to $1.499m; 5bd/3ba, 3420 sq ft, $438psf...this could end up being a great deal. They seem ready to deal!
-Fairway Meadows home in Park Meadows down $250,000 to $894,000; 4bd/5ba, 3576 sq ft, $250psf....great value here too!
-Old Ranch Rd lot for $649,000....seems like these guys really want to sell too!

PENDING:
-Willow Creek lot at $665,000...good to see some activity in the vacant land department!
-Daystar condo in Deer Valley at $649,000; 3bd/3ba, 2439 sq ft, $266psf...the buyer got a steal!

CLOSED:
-2 Silver Star units at Park City Mountain Resort at $1.249m (3bd/4ba, 1985 sq ft, $629psf) and $1.699m (3bd/4ba, 1985 sq ft, $856 psf).
-Canyon Crossing unit in Chatham Hills for $519,500; 3bd/3ba, 2379 sq ft, $218psf....nice property.

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