Since last we posted, Rachel and I had a wonderful vacation with her family and made it back safe. Now that we have caught up on work, we thought we’d share some news on what’s going on in Park City. Here are some quick headlines:
-No update on the Deer Valley Lodging bankruptcy. We are waiting on there court date and they seem to be running a bare-bones operation.
-Promontory is offering huge discounts on lots and cabins to members in good standing. Email us for info. They are also bringing the Temptations out to the club for a private performance to try to win the good graces of the membership back (tickets are $100).
-Park City just celebrated its 125th birthday with a bash on Main St on Saturday night….it was a little rainy, but fun!
-June has been one of the rainiest months in memory…which should be good for our water supply, decrease fire danger, and increase wild flowers…it is very lush in PC as we speak!
-Park Silly Market kicked off it’s 3rd year this past Sunday and the new set up is wonderful!
As far as real estate goes, here are some quick hitters:
-The past 10 days we have seen an average of 13 properties come on the market, 12 experience a change in price, 4 go under contract, and 3 close escrow.
-Activity has been up compared to the first of the year, which is promising….as ski season is usually the busiest time.
-Inventory continues to flood the market, which is the bad news.
-I would think that this summer is going to bring us more of the same: a slight uptick in activity, Seller’s lowing price (because they see Buyer’s in the marketplace scooping up the good deals), and inventory continuing to come on the market faster than it can be sold off.
Here are a few Park City events to look forward to:
-Park Silly markets on Main St. Sundays 10am-4pm
-Locals summer concerts start next week at Deer Valley. Wednesdays 5pm-7pm
-Savor the Summit this Friday night on Main St….very cool event where Main St is closed and there is one large table running up the street. You can buy seats at the table from your favorite Main St restaurant.
-Crawfish boil on Saturday night at Easy Street.
-Fourth of July Festivities…Main St parade, City Park concerts, Pancake breakfast, fireworks, and much more!
Things to Consider...
Related posts:
- Market update and hot dining deals around Park City
- Another fabulous Park City summer and some real estate activity on the side
- Park City market relatively active, but inventory is piling up…Countdown to Promontory auction too!
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