Park City Market Update…News You Can Use

White Barn in Park City, Utah

In the past few days we have seen 44 properties come on the market, 18 go under contract, and 21 close escrow. The notable ones are:
 
NEWLY ACTIVE:
-Silver Star ski in/ski out at Park City Mountain Resort for $3.15m; 6bd/7ba, 3690 sq ft, $854psf….let’s keep our eyes to see what this one does…at over $3m it is a big number, but where else can you get a 6 bedroom ski in/ski out home around $3m in Park City???
-Glenwild home at $3.875m; 6bd/7ba, 7710 sq ft, $503psf….priced just right in of Utah’s best communities.
-Promontory home at $4.29m; 4bd/7ba, 7563 sq ft, $567psf….we actually built this home and it is no $4m home in this market….$3.5m???, now that makes more since. Especially since it was bought for under $3M about 2 and a half years ago!
-Tuhaye home at $3.7m; 5bd/7ba, 7300 sq ft, $507 psf…seems priced right, but the inventory keeps building up out there.
-Another Tuhaye home (see my point above regarding inventory) for $3.99m; 5bd/7ba, 6200 sq ft, $644psf….with all that inventory and the lack of activity I don’t know where you get over $640psf from???
 
PRICE CHANGE:
-Old Town home down $700,000 from its original price to $3.7m; 4bd/5ba, 3401 sq ft, $1088psf…looks like this might need to come down a bit more, but they are in the ballpark…great location!!! Ski in/ski out and awesome finishes!
-Upper Deer Valley Silver Lake Village townhome down $100,000 to $1.099m; 3bd/4ba, 2368 sq ft, $464psf….this has great views and could be a steal!
-2 lots at the Colony located in the Canyons ski resort down to $1.895m….down $200,000
-Tuhaye lot down to $599,000….down $185,000
 
PENDING:
-Iron Canyon home in the Thanyes Canyon area for $2.798m; 6bd/7ba, 5526 sq ft, $506psf…great home!
-New Park townhome at $498,900; 2bd/3ba, 1345 sq ft, $370psf…these are a great buy.
-Lodges at Bear Hollow for $339,990; 3bd/2ba, 1330 sq ft, $255psf….at lot of activity in Bear Hollow over the summer!
 
CLOSED:
-Park Meadows home for $1.8m; 5bd/5ba, 5424 sq ft, $346psf.
-Park Meadows (Fairway Meadows) home at $1.95m; 5bd/6ba, 5912 sq ft, $330psf…nice ppsf!
-Bear Hollow townhome for $550,000; 4bd/4ba, 2757 sq ft, $199psf…Bear Hollow is moving product!