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…
As we enjoy a nice May and Park City life eases along at the regular lazy-Spring pace, there are mixed signals from the Real Estate Market and troubles in the property management biz.
Most of you have probably heard Deer Valley Lodging and David Holland’s have not paid property owners they represent the rental revenue due [...]
Here is a quick run down of what has been going on at Red Ledges:
Closings- 1 cottage closed yesterday
Pendings-3 cottages under contract in January (the one that closed and 2 others)
1 homesite ($640k) under contract
Upcoming events:
-Cottage Model grand opening March 7th for clients
-Realtor open house/cottage model preview March 4th from 2 until 5pm
Stay tuned [...]
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 [...]
