Park City, Utah Real Estate News

Promontory Ranch Club News - Real Estate - Summer Update

Promontory kicked off the summer season with our Annual Memorial Day Home Tour. 24 homes participated, and two of those were under contract by the end of the weekend.  With the inventory of completed homes at an all-time low, more and more buyer are choosing to build their dream home. There are currently 20 homes under construction, with another 20 anticipated to start this summer. Most of these are custom homes, with only a few specs under construction. There has never been a better time to find the perfect homesite.  

  • Private collection of newly released homesite’s. Twenty of Promontory’s most amazing home sites, with golf views, mountain views, trees and privacy. Fully sponsored memberships
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- Vail Resorts enters into a long-term lease with Talisker for first mountain resort in Utah.
- Canyons will be included in the Epic Season Pass for the 2013-2014 winter season.


BROOMFIELD, Colo., May 29, 2013 /PRNewswire/ -- Vail Resorts today announced that the Company has entered into a long-term lease with affiliate companies of Talisker Corporation for Canyons Resort in Park City, Utah. Under the lease, Vail Resorts has assumed all of the resort operations of Canyons while Talisker has retained its development rights for four million square feet of real estate at the resort.

"With 4,000 skiable acres, easy access to the town of Park City and $75 million in recent resort improvements, Canyons is a perfect complement to our collection of world-class

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Park City, Utah - April 26, 2013 – Park City Board of REALTORS® just released statistics for the first quarter of 2013 showing the number of sales are up 17% from the first quarter of 2012. The sales dollar volume is up 28% over the same time-period last year, climbing from $239 million in Q1 of 2012 to over $306 million for Q1 of 2013. With 402 closed sales already this year, Mark Seltenrich, Statistician for the Park City Board of REALTORS® said, “This is the best first quarter we have seen since 2007.”

Inventory
The current inventory of active listings in the greater Park City area is lower than it has been since 2006.  As of April 1st, there has been a 21% decrease in listings since April 1st of 2012. The current number of listings is down 47% since

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We are happy to announce the launch of our new www.parkcityrealestatesearch.com website. We have designed the site to be user friendly and to be able to quickly find listings in areas that you are interested in.

Some of the new features include:
Map Search 
Our newly updated Map Search now shows ski areas and trails. Easily search for the perfect ski-in ski-out property.
*Tip: When using Map Search, check "Search in Bounds" so listings populate while dragging the map. Uncheck when searching by "Area" or "City".

Full Featured MLS Search
Search the entire Park Cit MLS. Now you can filter results including Bank Owned and Short Sales. 

Mobile IDX
Search the Park City MLS on any mobile device. Sign up on our home page.

HOA Dues and Frequency
Our listing details

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Hyatt Escala Lodge - Ski-in/Ski-out at They Canyons $1,550,000

MLS #:9993618 3551 ESCALAPark City Proper, 84098
Description:   This condominium lives like a home, wonderful patio's off several rooms, you can ski in and out of your back door if you wish. Designed so you have lock outs for rental purposes. Did I mention high ceilings and your living area is in the Tower portion of the building, backed up to the ski run. The owner has upgraded some of the furnishings so this is not a typical Hyatt Escala condo. A must see for the discriminating buyer. Priced to sell!
     
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Double Eagle #3, $1,795,000

MLS #:9994146 Street7900 ROYAL ST ECityPark City ProperZip84060

Description:

Enjoy incredible views from this luxurious ski in / ski out Deer ValleyTownhouse. This townhouse was extensively remodeled Fall 2012 to a very High standard with stylish and contemporary European style furnishings, brand new flooring throughout, completely remodeled bathrooms, artwork and top quality amenities. Master bedroom suite features wood burning fireplace and extra bonus room. Second family room downstairs is adjacent to deck with hot tub. Conveniently located in Silver Lake Village, the entire family will enjoy the warmth and comfort this townhome offers.  

For more information click here.

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Housing Market Tilting Toward Sellers?

By Gina Barker
The Park Record

Realtors and brokers agree: the Park City housing market is on the road to recovery. Seller and buyers are negotiating more, looking for the compromise rather than selling below home value or demanding bottom-dollar prices up front.


According to the Park City Board of Realtors, the Park City area just experienced its highest number of sales and sales pending of any first half of the year since 2007, before the housing market crash. A total of 486 properties were sold since the start of the year with a total sales volume of $347,392,785. In 2007, the first half of the year's sales topped 610, a time when home prices were at their highest. PCBR statistician Mark Seltenrich said the

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Park City Real Estate Update

Local experience leads to impressive national exposure

The Park City area is known internationally for the “Greatest Snow on Earth” and its world class ski resorts. SKI Magazine’s annual reader survey ranked Deer Valley Resort as the #1 ski resort in North America for a record-shattering 5th year in a row. Perennial favorite, Park City Mountain Resort, and the up-and-coming Canyons Resort, garner rave reviews as well. Located only 35 minutes from the Salt Lake City International Airport, SKI Magazine ranks Park City’s resorts as the most easily accessible in North America.

What visitors to Park City don’t necessarily realize is that the Park City, Summit County & Wasatch County areas are home to a vibrant and fully

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