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 late, but hey – just get it done already, right?
While on the topic of the county….The Summit County Commission is poised to move forward this year with more aggressive legislation to create affordable housing. The proposed incentives would allow builders to construct denser neighborhoods in exchange for constructing affordable units. By agreeing to provide about half the overall number of units in their subdivisions as work force housing, builders could substantially increase the value of their projects by obtaining more density. We’ll see how things work out.
Here are some great things to take part in if you are in Park City in the near future:
-Every Wednesday this summer is part of the free concert series at Deer Valley. Just bring your blanket/chair, favorite food and beverage, and sit back and enjoy the music and great scenery.
-Every Friday the Sundance Institute is putting on “Six Degrees of Sundance” where they will play a movie from past festivals in the City Park off of Park Avenue in Park City. The movies start around 9:30pm, and you can bring your coolers here too!
-This weekend is the Park City Wine and Food Festival. It kicked off last night and goes through the weekend. My favorite event is at the Canyons on Saturday. All the restaurant are cooking up food and the wineries are giving out there product too….for 5 hours of eating great and drinking good wine it is inexpensive. Check out http://www.parkcityfoodandwineclassic.com/ for more info.
Last but not least is a market update.
Since Tuesday we have seen 42 units come on the market, 13 go under contract, and 24 close. Of note are:
ACTIVE:
-Little Belle in Upper Deer Valley at $1.795m; 3bd/5ba, 2792 sq ft, $643 psf…this is the best deal in Upper Deer Valley and the seller seems to be distressed!
-Aerie home at $1.3m; 4bd/4ba, 3500 sq ft, $371psf…could be a good one.
-April Mtn town home at $1.575m; 5bd/4ba, 3420 sq ft, $460psf….a little high, but I am sure that they would play ball.
PENDING:
-2 Red Ledges lots for $535,000 and $570,000
CLOSED:
-12 Red Ledges lots from $495,000 to $745,000
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