As all the golf courses around town begin to open and all fellow Parkites begin to partake in summer activities, we are seeing much of the same in regards to the activity in the Park City Real Estate market. Here is what the numbers look like:
-An average of 14 properties coming on the market per [...]
Continue reading about Inventory continues to stack up, and a Park City Spring begins to set in.
We are finally enjoying a nice Spring! Not that we complained about the 14 feet of snow we got at the end of March and early April….whoa, that was fun stuff!. It is great to see the sun again in Park City though. We are still waiting for the season end ski reports, but the [...]
Continue reading about Park City market still showing some decent activity for “mud season”
As reported first by NewWest:
The court-supervised auction of the bankrupt Promontory Club outside Park City, Utah has attracted no offers from new investors - a stark illustration of the near-total collapse of the luxury mountain real estate market.
Just a few months ago, Promontory managers and others involved in the situation were optimistic that the club’s [...]
Continue reading about Promontory still up in the air and not as many bidders as expected…
As we approach the end to another great (albeit bi-polar) Winter, the market is showing some signs of life. The negative side of things is that we are still having trouble getting Buyers financed, and all the while inventory is rising. On the positive side there are about 3 properties a day closing and about [...]
Before we get into the Promontory update…..here is a little info about what has been going on lately…It snowed like crazy earlier this week, which made for a few epic ski days! Now things are warming up, and we are getting ready for a weekend of bluebird spring skiing!
In the market over the past 10 [...]
Continue reading about Promontory Reorganization Plan Confirmed by Bankruptcy Court
