We are enjoying tons of Utah Poweder out here! Here are some numbers to look through….
Median prices for 2007 and 2008 and the percent change for Single Family Homes:
North Summit (Coalville)2008 $396,213 2007 $380,000 +4.3%
South Summit
2008 $360,000 2007 $342,500 +5.1%
Park Meadows
2008 $1,500,000 2007 $1,532,000 -2.1%
Prospector
2008 $785,000 2007 $797,000 -1.5%
Old Town
2008 $1,505,325 2007 $1,264,375 +19.1%
Lower Deer Valley
2008 $1,975,000 2007 $2,037,500 -3.1%
Upper Deer Valley
Only 4 Sales in [...]
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
As 2009 creeps in, we have seen a decent amount of activity in the market…nothing great though, and inventory is rising a bit.
We have 29 properties go under contract since the first of the year and 25 close escrow (about 2 per day).
However, 106 new properties have come on to the market. Here is a [...]
Continue reading about Sliding into 2009, and awaiting Promontory hearings
As we look at the mid-year activity in the outlying areas in Park City, we see a 50% decrease in activity but prices have increased. The area in discussion is everything past the White Barn except Jeremy and Pinebrook….so it covers Promontory, Glenwild, Old Ranch Rd, Canyons, Bear Hollow, Redstone, Tuhaye, and the Jordanelle.
SINGLE FAMILY [...]
Continue reading about Midyear report on the outlying areas/developments of Park City
While the number of sales has fallen off 39% in Park City proper (in-town), the other vital statistics have not changed much and we have seen an increase/appreciation in condo and lot #s:
SINGLE FAMILY HOMES:
2007 stats from 1/1/07 to 7/14/07
-Ave Sales price $2,376,000
-Ave PPSF sold $496psf
-Ave Days On Market 185
2008 stats YTD (though [...]
Continue reading about Interesting mid-year report from Park City "proper"
