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Halloween Update & a Market Report

By
Real Estate Agent with Snow Park Realty

pretty trees in Park City

The weather is turning a bit nippy here in Park City....we're nearing the end of Fall and heading into our beloved Winter!  You can feel it in the air...the townies are restless  ;)
But before we all start stretching out hammies and waxing the skis we'll have to focus on Halloween and then Thanksgiving for a while.  Halloween in Park City is a BLAST!  Not only do we have just TONS of fun parties to attend and crazy people all dressed up to watch, but we've got the annual Howl-o-ween Dog Parade down Main Street...want details on this?  Just check out our Moutain Do's page!  I've recently gotten a involved with Friends of Animals in Park City.  They are a wonderful organization which helps animals who needs homes in the area.  If you'll be in town this Winter or if you're a local, feel free to email me or check out thier site for more information.  It seems like a terrific group to me!  That's all from me for now, here's Rob's all-important update, which I know all our readers adore!

sunny trees in Park City

In the past few days we have seen 29 properties come on the market, 10 go under contract, and 14 close escrow. Of note:

ACTIVE:
-Royal Plaza condo at Silver Lake in Deer Valley at $689,000; 1bd/1ba, 945 sq ft, $729psf.
-Arrowleaf unit in Empire Pass at Deer Valley for $2.375m, 3bd/4ba, 1996 sq ft, $1190psf....a tad steep in this buyer's market.
-April Mountain unit at $1.299m; 4bd/4ba, 2882 sq ft, $450psf...these are great townhomes with good views, and close to everything.
-Colony lot for $2.399m....seems steep at this date in time.

PRICE CHANGE (still a ton of properties re-adjusting price):
-Thaynes Canyon home down $200k to $899,000; 3bd/3ba, 3818 sq ft, $235psf....great lot, one of the best in town! home needs some lovin' though....a perfect remodel situation.
-Deer Valley home down $195,000 to $2.3m; 5bd/5ba, 7500 sq ft, $307psf...priced to move!
-Deer Valley townhome in the Silver Lake area down $150,000 to $1.05m; 3bd/3ba, 2137 sq ft, $491psf...nice views, but for the place needs a remodel so they need to come down a little more.
-Glenwild home down $400,000 to $2.99m; 4bd/5ba, 6276 sq ft, $478psf....big price drop here! Even the ever-so-hot Glenwild has cooled.
-Promontory home dropped $400,000 to $1.99m; 4bd/5ba, 4826 sq ft, $413psf....prices are starting to dip well below that $500psf mark.

PENDING:
-Old Town lot at $399,000.....the $500,000 Old Town lot #s are not holding up.
-Old Town unit on Park Ave at $350,000; 3bd/2ba, 1066 sq ft, $328psf...not a bad deal for the buyer.
-Ranch Place home at $849,000; 4bd/3ba, 2602 sq ft, $326psf.

CLOSED:
-Silver Star unit (ski in/out at Park City Mtn Resort) at $2.2m; 4bd/6ba, 3782 sq ft, $587psf....these units continue to move.
-Park Meadows townhome at $1.075; 3bd/4ba, 3580 sq ft, $300psf.
-Jeremy Ranch townhome for $1.284m; 4bd/5ba, 4107sq ft, $313psf...Seller got a good price here!