Where else in town is there a TWO MONTH inventory? Suddenly Foxpoint at Redstone has become one of the hottest subdivisions in Park City. There are only 4 condominiums on the market there, with two pending and 11 closed in the last six months. The average sale price of the sold properties was just $244,000. [...]
Dreaming of being an owner/member at Promontory-The Ranch Club in Park City when prices bottom out? Well, with 90% of the distressed home inventory sold this year, that window of opportunity may soon be closed. Savvy home buyers and investors are snapping up Promontory’s inventory of vacant lots and homes. Year to date, 91 lots [...]
Talisker Corporation, owners of Canyons Ski Resort and Waldorf Astoria Park City, has been working hard on their Park City properties and has some pretty exciting updates to report. Most importantly Talisker is fully funding at Canyons one of the largest improvement plans that any North American Ski Resort has seen in recent history. The [...]
Thirty-five homes closed last month in the Park City area. Here is the breakdown by neighborhood: Deer Valley-3 Jeremy Ranch – 0 Old Town – 5 Park Meadows – 2 Pine Meadows (Tollgate Canyon) – 2 Promontory – 2 Silver Creek – 1 (Goshawk Ranch) Silver Springs – 6 Sun Peak – 1 Thaynes [...]
Go see Dr. Seuss Secrets of the Deep. This free exhibit is at Redstone Gallery in Kimball Junction until December 31, 2011. www.theredstonegallery.com. I have had the fortune of recently seeing two other Dr. Seuss exhibits in the past 2 months. My husband and I stumbled upon the first exhibit in Sausilito, California. I took [...]
Park City is experiencing the same trends noted in this article: rising rents, lower inventories and affordable home prices. By NICK TIMIRAOS, Wall Street Journal, November 26, 2011 Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past [...]
During this Thanksgiving week, I decided to share this blog by Frederick Peters, President of Warburg Realty. He has written a lovely blog contrasting the lasting value and tangible benefits of owning real property versus the abstract nature of investing in stocks. I know I am thankful for my home in Park City, which has [...]
If you’re a skier looking into buying property in Park City, Utah, you’re probably already well aware of the great appeal of Park City’s ski resorts. Even if that’s the case, this article may open up your eyes to some new facets of Park City’s incredible ski resorts. Park City has long attracted world-class skiers [...]
Source: inman.com Dyan Hymer, author Why multiple, smaller reductions can backfire. During the bubble housing market, a price reduction was considered a stigma. This was a time when most listings sold reasonably quickly. A price reduction meant there was probably something wrong with the property. That’s not the case today. Price reductions are common. Often [...]