The Park City real estate market “might” have reached the bottom, but that does not mean we will see a “V-shaped” recovery…as mentioned previously on this blog, we will probably bounce along the bottom until the inventory gets reduced to a reasonable level…probably 2 more years.
Continue reading about Interesting article from Barron’s…10 Best Places for Second Homes
As we roar into March, the Park City real estate market is seeing some nice activity (relatively speaking) and our tourism numbers seem to be stabilizing.
Continue reading about Park City real estate market report, and a mid season look at tourism stats…
The Montage Deer Valley hits the market, Park City real estate update, Sundance ends, and Park City Construction numbers hit the skids.
New West’s update last night was true….see the latest press release from Promontory:
CREDIT SUISSE ELECTS AUCTION PROCESS FOR PROMONTORY
~ Approved U.S. Bankruptcy Court reorganization plan anticipated this option ~
PARK CITY, UTAH, Mar. 20, 2009 – The Promontory chapter 11 case moved another step closer to completion yesterday, as Credit Suisse, the Agent for Promontory’s first lien holders, elected not [...]
Continue reading about Breaking news on the Promontory front….
As Sundance starts and sends excitement throughout the town, there is another reason for some to be excited….the parties involved in the Promontory bankruptcy case have all agreed on the reorganization plan! Here is the letter from the legal team to members:
I’m happy to tell you that Promontory’s lawyers advised the Bankruptcy Judge this morning [...]
Continue reading about Promontory groups agree on bankruptcy plan
