President Bush Arrives In Our Fair Hamlet Today

Mr. President George W Bush himself is coming to Park City today…and even though I don’t agree with him on most things…it’s still pretty exciting all the same.

This morning on the local radio station (KPCW) they were discussing his arrival. The town locals are a bit up in arms over the traffic jam the President’s entourage is bound to cause. Apparently, he will be arriving via helicopter (most likely taking off from the Salt Lake City Airport) and landing somewhere in the fields around the high school. A whole section of one of our main roads will be closed off going both ways…and it’s happening right at “rush hour” when everyone will be heading home from work….4:30pm to be exact.

Still, there’s a buzz in the air and it’s neat to know I will be able to look up in the sky and see the President flying over. He’s holding some fundraisers here in town.

AND….the neatest part…
The President is staying across the street from Rob. Just an FYI for those wondering, President Bush is staying in Park City at the Stein Erikson Lodge. Rob was up at his house for lunch today and noticed a ton of Secret Service at Stein’s and word is that the Pres. is staying there.

Also, there is a Bush Bash BBQ scheduled at the Park City – City Park this afternoon…if you’re around town, it could be fun…it’s a BYOB and BYOBBQ. Utah always shows overwhelming support for the Republican party and for any of the Dems out there, the BBQ is a way to express yourself…on the other hand, the main events on the President’s schedule are Republican party events….so if you’re so inclined, I’m sure that extra $70,000 grand you have lying around will get you in the door…maybe even a cute photo op!

Cool stuff right?

As for the local Real Estate updates….we’ll get that important info out to you ASAP….

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

http://rachel.peterman.googlepages.com/glenwild76parkcityrobandrachel