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- Snow Capped Mountains
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- Fall Colors and Snow Capped Mountains
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- The Last of Park City Fall
Over the past few days we have seen 23 new properties come on the market, 12 go under contract, and 16 close escrow….If you look at the past market reports you will notice that if you add the pendings and closings together they are close to equaling what is coming on the market. Not that everything that goes under contract closing, but an interesting trend that we have going!
The high points from the past few days are:
ACTIVE:
-Old Town home at $969,000; 3bd/3ba, 1300 sq ft, $745psf….a little high on the ppsf for a fixer-upper, but great location!
-Deer Valley brand new home at $2.345m; 5bd/7ba, 5846 sq ft, $401psf…this one is priced to sell.
-Colony home for $8.095m; 5bd/6ba, 8614 sq ft, $940psf…a little high.
-Glenwild home at $2.95m; 4bd/6ba, 5800 sq ft, $509psf….priced to sell as well.
PRICE CHANGE:
-Old Town home down $500,000 to $1.895m; 3bd/5ba, 2558 sq ft, $741psf…I know the half-million dollar price reduction looks like alot, but people can start the price off wherever they want too….obviously this started WAY too high. When it hits $650psf it will sell.
-Park Meadows home down $140,000 to $955,000; 3bd/3ba, 3370 sq ft, $284psf….nice home and could have 4 bedrooms. if needed.
-Bear Hollow townhome down $45,000 to $419,000; 4bd/3ba, 1940 sq ft, $216psf….this is a good deal and uses all of that square footage!
PENDING:
-Snow Flower unit at Park City Mountain Resort (ski in/out) fro $649,000; 2bd/2ba, 980 sq ft, $662psf…these rent like crazy!
-Greyhawk unit on Deer Valley Dr at $439,000; 2bd/2ba, 1027 sq ft, $427psf…nice location.
-Black Diamond Lodge unit at $3.3m; 3bd/4ba, 2861 sq ft, $1153psf…strong ppsf for the Seller!
-Tuhaye lot at $625,000….nice to see some land move.
CLOSED:
-Old Town home (next to the Town Lift…Park Place) at $2.492m; 2bd/2ba, 2800 sq ft, $890psf….these were all supposed to be around $1200psf….hmmmm?
-Tuhaye lot at $595,000.
-Promontory home at $1.35m; 4bd/5ba, 4306 sq ft, $314psf….there is still some activity at Promontory, but well below the average prices! The deals will continue until the bankruptcy continues…maybe the first of the year.
Things to Consider...
Related posts:
- A Monday Market-Update…The Stock Market’s Up…How About the Real Estate Market?
- Who’s Hungry For a PC Real Estate Update?
- Debate-Day Market Update - Park City
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Tags: bear hollow, black diamond lodge, deals, deer valley, developments, fall colors, glenwild, grey hawk, main street, market update, new properties, old town, park city, park meadows, parkcitywire, promontory, real estate, Rob and Rachel, snow capped mountains, talisker, the colony, tuhaye, utah
