Market Update for Your Hump Day

A Market Update Listing What Has Gone Pending, Active and Closed on the Park City, Utah MLS in the last 5 days

Some news and notes before the weekend

Affordable housing seems to be one of the main topics around town this week. The Planning Commission approved Talisker’s project for affordable housing on the 100 block of Marsac Ave this week, and commended the developer for their efforts…I am not sure why Talisker would get a pat on the back for being 3 years [...]

The market is heating up a bit and Promontory news

Just before the long weekend, the bankruptcy court approved dip financing that will continue operations at Promontory through January 2009. Pivotal (the current developer of Promontory, who was forced into Bankruptcy in March) provided the financing from one of their other Pivotal company…the judge ruled that the two companies, Pivotal Promontory and the other Pivotal [...]

Market activity and no news from Promontory….yet

Promontory has its next scheduled court date next Monday, June 23. So while there is no news yet, next Monday afternoon should be interesting. Other than that, there are some good deals in the development, and the golf season in cranking up & running beautifully.
Just in the past day we have seen some decent activity [...]

Greatest ski season ever, other news & notes, and a market update

Ski Utah reported that the 2007-2008 ski season was the best ever (in numbers and snowfall!!!), and a record breaker for the fifth year in a row with 4.3m skier days! Earlier estimates show that it might have been a record breaking year for the nation as a whole with somewhere around 60 million skier [...]

Slight Rate Cut & An Update Of Course

Since Friday we have seen 69 properties come on the market, 29 close, and 18 go pending.
Of note:PENDING:-30 acre residential lot in Silver Creek for $2.4m…nice views from this horse property.-Aspen Spring Ranch home at $1.45m; 5910 sq ft, 5bd/4ba…only $245ppsf!CLOSED:-4 different cabins at Promontory ranging from $1.582m (2015 sq ft & 2bd/3ba) to $1.996m [...]