The Cost of Waiting
“I don’t have to sell. I can hold this house as long as it takes to sell it.” That is something I often hear as a Park City real estate professional. We live in a place where most sellers are not desperate or distressed. But is holding on to a property a wise strategy in [...]
Park City After Dark
After a day of skiing at one of Park City’s 3 ski resorts, Nordic skiing or snow shoeing, you have earned that great evening of food. Here are some of my favorite dining spots to indulge: Glitretind Restaurant at Stein Eriksen Lodge,Upper Deer Valley. Serving breakfast, lunch, dinner, and après ski, this restaurant never disappoints. [...]
Western Mountain Resort Real Estate – 2011 Overview
Whistler|Park City|Steamboat|Sun Valley|Vail|Big Sky|Tahoe|Jackson These are the resort areas that make up the Western Mountain Resort Alliance. Number of Active Listings. All 8 resort areas reported the number of active listings decreased in 2011. Big Sky had the largest decrease in listings at 22%. Park City had 13% fewer listings in 2011 versus 2010. Steamboat, [...]
Impressions ● Innovation ● Engagement
Impressions ● Innovation ● Engagement Those are the words which describe the Sotheby’s International Realty 2012 marketing strategy. The object is to create impressions worldwide. It’s about creating global connections and establishing true consumer engagement. It’s about leveraging exposure, innovation and international impact to showcase our listings. To create a true global impact that is [...]
Interest Rates Down but Down Payments Up
Recent home buyers are making higher down payments than buyers in the previous years due to stricter credit requirements, according to the 2011 National Association of Realtors® Profile of Home Buyers and Sellers. This annual survey by the NAR evaluates demographics, preferences, marketing and experiences of recent home buyers and sellers. The median down payment [...]
Montage Residences Deer Valley The Pinnacle of Luxury
Whenever our family travels and stays in a beautiful place with lots of fun activities, my kids always ask, “Can we live here?” At the Montage Residences Deer Valley, the answer would be an enthusiastic “yes”. The Montage Deer Valley is a hotel located in the most pristine section of Empire Canyon at Deer Valley [...]
Park City Market Dynamics
The graph above shows the average price/square foot of homes listed for sale (red) and homes sold (green) in the Park City market. Notice the gap between the listed and sold price has increased. This graph demonstrates a gap between what sellers believe their property is worth and what buyers are willing to pay. This [...]
Real Estate Predictions for 2012-Straight Out of NYC
Reposted with permission from Warburgrealty.com Written by Frederick Peters This is a very well written and researched blog about the New York City real estate market. Believe it or not, Park City’s real estate market has much in common with the Manhattan market. Many of our second home and full-time residents earn their income in [...]
