It looks like the auction that took place in Deer Valley’s Empire Pass Silver Strike Lodge opened the eyes of a few developers around town. In the Silver Strike auction the developer sold the 8 units that were available for auction, set the market price at roughly $750 per sq ft, cleared half the inventory in the development, and then saw a few more units go pending in the weeks after the auction. Just this past week these developments announced they are going
While traffic from President’s Day weekend around Park City begins to disperse, we have not heard of any of the Montage Deer Valley inventory going under contract yet….I would have thought at least a few people would have been waiting to jump on this release…We see what happens over the next few weeks. From the [...]
The Montage Deer Valley hits the market, Park City real estate update, Sundance ends, and Park City Construction numbers hit the skids.
The Park City Board of Realtors’ 2009 year-end report reveals total sales volume for the greater area were down 17 percent from the previous year. Still, some areas saw improvement, but not all Realtors believe that’s evidence of recovery quiet yet. The Board of Realtors’ press release puts the 17 percent decline in context: Vail, [...]