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 in the market 36 properties came on the market, 10 closed, and 8 went under contract. The high points being:

-Promontory lot in the Painted Sky neighborhood at $769,000. I would let this one sit and see how desperate they are. It is priced well, but let it marinate.
-Promontory home at $2.35m; 3bd/5ba, 5030 sq ft, $467 psf, and they are offering Seller Financing…contact me for those details 435.729.0022 or
-April Mountain townhouse at $1.375m; 4bd/4ba, 2925 sq ft, $470 psf….there are quit a few of these on the market, and I love this area….you are in the middle of town, but still secluded.
Chatham Hills home for $1.499m; 6bd/4ba, 4162 sq ft, $360 psf is a bit high…again I like this area for the same reasons as above.
-Deer Crest home ar $5.935m; 5bd/7ba, 6707 sq ft, $885 psf…a bit high, but Deer Crest is one of the premiere neighborhood in Deer Valley
-A development parcel at the “gateway” to Heber for $16m; Beautiful 40.39 acres located on the SW corner of HWY 40 and River Rd. in Heber. Close to the Provo River & nature preserve. Land had entitlements for 244 eru’s & 120,000 sq ft of commercial space. Current owner has a conceptual mixed use village plan with country approvals. Upside potential for investment or J.V. partner. I have looked at this so give me a call/email if you have questions….It could be a money maker!

-2 Red Ledges lots at $525,000 and $425,000.
-Lot in Lower Deer Valley’s Hidden Meadows neighborhood for $1.25m.

-Residence at the Chateaux in Deer Valley’s Silver Lake Village for $520,000; 4bd/5ba, 2800 sq ft, and a one-sixth interest
-Pinnacle unit in Lower Deer Valley at $960,000; 4bd/4ba, 3511 sq ft, $274 psf it a steal for these units….They rent like wildfire!


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