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
Continue reading about Real estate auctions becoming more popular in Park City and Deer Valley.
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, Colo. was [...]
Since the first of December, we have seen the fabulous St Regis at Deer Valley cut the ribbon, all the local ski resorts crank up the chairlifts, a nice storm followed by a bitter cold snap, two new local golf courses named “Top 5 new courses in the US”, and an Empire Pass condo development start an auction process on the remainder of their units….whew, the start of ski season has been action packed!
We are experiencing our first significant snow fall of the season…getting about 4 inches today and another 2 to 4 inches expected over the next 24 hours. Let’s hope this winter will pick up where last season left off!!!
As the local golf courses close for the season, the real estate market continues to bump along [...]
Continue reading about Snow starts to fly in Park City as the golf courses close.
