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 [...]

More Neato TidBits on Park City’s History

Want some more history on Park City?…well lucky for you I found a great deal of information on the Park City Historical Society website at www.parkcityhistory.org
There are so many people who come to Park City in the both the winters and summers every year and we forget that this town has a unique history [...]

President Bush Comes to Park City…and an AMAZING home goes on the market in Glenwild

The big news around town is that President Bush is coming to town Wednesday and Thursday for fundraising events for John McCain. Mr. Bush will be staying in Deer Valley at former Massachusetts Governor and former Presidential candidate Mitt Romney’s home.
Helicopters have been seen flying around town gearing up for the Presidents visit. One protest [...]

Real Estate in Utah Holding It’s Value..and Wine Wednesday

The most exclusive real estate in Utah continued to hold its value as the median price of a single-family home sold in the greater Park City area, which includes Summit and Wasatch counties, in the first quarter remained at $649,140, nearly unchanged compared to a median price of $650,000 in the first quarter of 2007.
On [...]

A Quickie Regarding Talisman

Contrary to rumors flying around town, Talisman is still moving forward on development. People are saying the project is going bankrupt, but they are still requesting building permits and look to move forward this summer. The development is just on the other side (south) of the Jordanelle, and looks to have a Robert Trent Jones [...]

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 [...]

More News On Promontory and the Park City Heights Project

Happy Wednesday! Rob and I used to celebrate ‘Margarita Day’ every Wednesday. But starting last month we have implemented a new weekly celebration, titled ‘Wine Wednesdays’. From now on we plan to try a different and interesting wine every Wednesday. And we’ll be taking notes. Any fabulous finds we may encounter, we’ll be sure to [...]

WAIT!….Give it a week….interest rates slightly up

STOP…before you lock in that loan….
NOTE:Due to inflation concerns 30 year fixed rates jumped to just over 6% (6.03%) last week for the first time in a month and a half.
The 15 year fixed is at 5.62%, up .22%, abs the 5 year ARM is up .2% to 5.68%.
While these are still historically low, you [...]

A Quick Update…..Happy Weekend To Everyone!

Hope everyone had a great week!In the past day we have seen 42 properties come on the market, 14 close, and 8 go under contract.
Of note:PENDING:-Hidden Meadows home in Lower Deer Valley for $1.71m; 4bd/3ba, 4100 sq ft-Stonebridge condo in Lower Deer Valley at $649k; 3bd/3ba, 2505 sq ft
CLOSED:-Empire Pass at Deer Valley in the [...]

MORE SNOW IN PARK CITY and an interesting development comparison

Well guess what?!?!? It’s snowing like MAD in Park City and it’s practically May!Rob and I are both hard at work recently….him on some contracts and developments Snow Park is working on and me on some things with the St. Regis project here at Deer Crest.Park City is incredible today….the snow is coming down like [...]