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 party, labeled the Bush Bash BBQ, has been scheduled at City Park.

Interest rates for fixed-rate mortgages fell slightly this week on news of both weaker industrial production in April and consumer sentiment falling in May to its lowest level since June 1980. The 30 year fixed rate fell to 5.98% from 6.01%….last year we were at 6.37% for a 30 year rate. Except last year lenders were actually lending!

Over the long weekend we saw 33 properties come on the market, 13 go under contract, and 5 close.

Of note:

PENDING:
-St Regis unit at $2.8m; 1331 sq ft, 2bd/2ba….Over $2100 psf, that is huge for this market. St Regis is pulling higher prices per foot than Empire Pass as of today.

-2 lots at Tuhaye at $695k and $795k…..vacant land is a tough sell these days, but Tuhaye and Talisker are plugging along with a few sales here and there.

ACTIVE:
-Deer Crest Estate at $8.4m; 12477 sq ft, 6bd/10ba. This home is a must see for the buyer that needs it all and is willing to pull the trigger.

Glenwild home for $5.995m; 8500 sq ft, 5bd/6ba.A splendid contemporary mountain retreat over looking the Glenwild golf course offers views, serenity, and comfort. This spectacular home exemplifies a level of excellence that serves as a foundation for the entire community. Among the exciting features in this 8500 sq ft exquisitely crafted home are a unique 2 story master with an on-grade walkout plus its own 400 sq ft balcony with spa hookup, custom compound curve exposed steel beams, stadium seat theater with 4 tiers, art sconces, and theater lighting, Italian tile and glass work throughout, Eucalyptus cabinetry, 1000+ sq ft of on grade entertainment space of the great room, and much much more…..click this link to see more information on this spectacular property

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