It seems like the trend in the Park City real estate market this ski season is to see about 14 new properties come to market each day, about the same number have a price change (99% to the down-side), 6 go under contract on a daily basis, and 4 close….that is what we have seen over the past 10 days as well. Some high points:
NEWLY ACTIVE:
-Aspen Springs home at $1.425m; 5318 sq ft; $267psf; 5bd/5ba….looks like a great home!
-Ridgepoint townhome in Upper Deer Valley at $905k; 2137 sq ft; $423 psf; 3bd/3ba
-Bear Hollow Village townhome short-sale at $450,000; 2290 sq ft; $196psf; 4bd/4ba…there are some great deals out at Bear Hollow!
-Promontory lot in Painted Sky at $300k. Great price! The bottom feeders will eat this one up fairly quick.
PRICE CHANGE:
-Lot in Old Town down from $636k to $298,000!
-Deer Valley lot down from $1.095m to $549,000!
-St Regis Deer Crest unit down from $3.495m to $2.995m
-Arrowleaf unit in Deer Valley’s Empire Pass down from $1.695m to $999,000 (2bd/3ba)! Empire Pass for under $1m is a great price point!
-It looks like all Victory Ranch lots have been reduced about 20% to 30%…great development, but as you can see from above you can’t give away vacant land!
PENDING:
-2 new homes on Rossi Hill in Old Town. Both around $1.5m; 2800 sq ft; 4bd/4ba—built right and priced right.
-Pinnacle unit in Lower Deer Valley at $1.075m; 4bd/4ba; 3460 sq ft.
-Flagstaff unit in Deer Valley’s Empire Pass at $3.2m; 3bd/4ba; 2324 sq ft—it will probably close escrow closer to $2m.
-Bear Hollow townhome at $560k; 4bd/4ba; 2777 sq ft
-7 homes and 1 lot in Promontory…homes ranging from $999,000 to $2.5m and the lot went under contract at $239,000…a ton of movement there!
-Red Ledges lot at $565,000.
CLOSED:
-Old Town home at $600,000; 2bd/2ba; 1000 sq ft; $600psf.
-Deer Valley home at $3.325m; 7000 sq ft; 6bd/7ba; $475psf—not a bad price for the Seller.
-St Regis Deer Crest unit at $1.54m; 1502 sq ft; 2bd/2ba; $1025psf
-Arrowleaf unit in Deer Valley’s Empire Pass at $1.39m; 1973 sq ft; 3bd/4ba; $704psf…that is the price established by the auctions in Deer Valley…more auctions this weekend!
-Flagstaff unit in Deer Valley’s Empire Pass at $1.716m; 2324 sq ft; 3bd/4ba; $738psf…whatta know??? in the $700s per sq ft range!
-Three Promontory lots at $237,510; $100,000; $125,000
Auction at the Lookout at Deer Valley coming up this Saturday…we will have results for you when they come out. Call me for any further information (435.729.0022).
Here is some info on the new product at Red Ledges:
The Heights at Red Ledges luxury homesites feature semi-custom homes ranging from 3,500 square feet to 4,600 square feet. Owners have the ability to customize their home’s exterior and interior and have the option to choose between three signature home models, including: Chamonix, Torino and St. Moritz. Each can be designed to fit a unique style of living from mountain rustic to traditional and contemporary.
“The Heights is a stunning collection of homes perfectly positioned for owners to take advantage of the lifestyle offerings at Red Ledges,” said Todd Cates, Red Ledges vice president and project manager. “The homes will not only have grand mountain views, but will also overlook the future Village Center and the 2nd, 3rd and 4th holes of the 9-hole Nicklaus Design short course. This is a great option for owners who want a custom product with a simplified and convenient construction process.”
The Heights is being designed and built by CSE and Associates, Incorporated of Scottsdale, AZ. The award-winning builder has more than a decade of experience in the design and construction of semi-custom homes in high-end, luxury real estate communities, such as DC Ranch and Silverleaf in Scottsdale, Arizona and Promontory in Park City, Utah.
The Heights, which start at about $1.5 million, encompass gourmet kitchens, luxury baths, elegant interior features and open space ideal for families. A Torino style model is currently under construction and scheduled to be ready for touring summer 2010. The collection was also designed in partnership with DTJ Architects and HRI Interior Design to capture the essence of luxury and relaxation in the beautiful mountain setting.
Things to Consider...
Related posts:
- Interesting article from Barron’s…10 Best Places for Second Homes…Park City #4
- Park City Market Update
- Park City Real Estate Market Update
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