Market Update…last week in August

The last week in August 2008, brings a great market update for the Park City Real Estate.

Woooo Hooooo FINALLY a Market Update!

A local Park City Real Estate Market Update to let our readers know what as of today went active on the MLS, what closed and what went pending…interesting information and fun to read!

Interesting mid-year report from Park City "proper"

While the number of sales has fallen off 39% in Park City proper (in-town), the other vital statistics have not changed much and we have seen an increase/appreciation in condo and lot #s:
SINGLE FAMILY HOMES:

2007 stats from 1/1/07 to 7/14/07
-Ave Sales price $2,376,000
-Ave PPSF sold $496psf
-Ave Days On Market 185
2008 stats YTD (though [...]

Happy 4th and a little market update.

So as we prepare for the Forth of July, and all the festivities Park City has to offer on one of the greatest days to be a Parkite….here is a little market update:
We have seen 39 properties come on the market this week so far, 23 close, and 24 pending. The high notes are:
ACTIVE:
-Portico unit [...]

Canyons finally closes!!!

Talisker just closed on the Caynons deal. The Toronto-based developer, also developing Empire Pass, announced its intentions to purchase The Canyons from Park City-based American Skiing Company last July. Talisker completed the sale June 30 by paying ASC $123 million, a document filed Monday with the Securities and Exchange Commission states. The proceeds were [...]

Empire Pass is rolling along and no real news from the Talsiker/Canyons deal

Yet again Talisker failed to close on the Canyons. They did put up an additional $5m, to bring their total non-refundable deposit to $25m. Talisker officials were “unavailable” for comment…we’ll keep our ear to the ground to see what is going on behind the scene…stay tuned.
Here is an Empire Pass at Deer Valley year to [...]

Market update

Well since Tuesday we have seen 60 properties come on the market, 15 go under contract, and 13 close. The high notes are:
ACTIVE:-Glenwld lot for $895,000….I would imagine they have some wiggle room here on the price!-Fox Point at Redstone condo for $420,000; 2bd/3ba, 1302 sq ft, $322 psf seems a little high…there are some [...]

A Quick Little Promontory Update

Promontory update:There is no real news to speak of on the Promontory hearings, as the judge said that she should have a decision on July 3. Supposedly Credit Suisse, the first lien holder, does not want Pivotal, the current developer, to continue developing or operating the club. Hopefully, we will know more on the 3rd [...]

Market Update…not too shabby

Since the beginning of the weekend we have seen 65 properties come on the market, 15 close, 13 go under contract.
Here are the high notes:ACTIVE:-Promontory home at $3.795m; 6500 sq ft, 5bd/7ba, $584psf…this one looks like a great home, but I have not been through it yet. Seems a little high on the ppsf, however [...]

Market Update – Happy Friday!

MARKET UPDATE:Over the past week we’ve seen 55 properties come on the market, 32 close, and 31 go under contract.
Of note:ACTIVE:-Fantasically priced home in what has turned out to be a hot Lower Deer Valley market. It comes in at $1.883m; 4660 sq ft, 5bd/4ba, $404 psf.-Great deal on an income generator in Upper Deer [...]