Park City Market Update

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 1 there has been a 21% decrease in listings since April 1 of 2012. The current number of listings…

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Housing Market Tilting Toward Sellers?

Realtors and brokers agree: the Park City housing market is on the road to recovery. Sellers 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 current numbers more closely…

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Park City Market 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 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 engaged…

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Tuhaye Lot Priced to Sell Now!  Not Bank Owned or Short Sales! $100,000 Membership Included!

MLS# 9981606
9800 N Ridgeway Circle

Original purchase price - $895,000 - Was most recently listed at $599,000 - Now listed at $449,000 including the $100,000 membership.

That makes the lot $349,000 and the lowest priced high end lot in Tuhaye. 

This lot sits at the top of Ridgeway in the Ridgeway Circle cul de sac. 

This lot has commanding views of The Timps, the Mayflower Resort at Deer Valley, Tuhaye golf course, Kamas Lights and Hoyts Peak. There is flat access with approval in place to move the building pad to take advantage of the 360 degree views. The $100K membership comes with this lot. It is just under 3 acres.

Original purchase price -…

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Park City, Utah Single-Family Home Sales On The Rise

January 25, 2010 (Park City) - According to the Park City Board of REALTORS® more than $858 million in real estate transactions changed hands in the greater Park City area during 2009

The total sales volume includes condominiums, single family homes and land. In 2008, total sales exceeded $1.03 billion, which is a 16.9 percent decrease in the volume sold in 2009.

In spite of two difficult economic years, Park City's economy remains resilient," said Mark Seltenrich, president of the Park City Board of REALTORS. Compared to all other Rocky Mountain ski destinations, Park City has fared better than our neighbors in Colorado, Wyoming and other resort towns. For example, in Vail, Colo., REALTORS…

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Empire Pass Real Estate News

On January 17, 2010 eight of the remaining 19 units at Silver Strike Lodge will go to a “minimum bid” auction. Minimum bids will reflect a roughly 50% discount from current list prices.

Silver Strike Lodge is located in Empire Pass at Deer Valley Resort. Enjoy ski-in, ski-out living only 45 minutes from Salt Lake City International Airport. Amenities include direct access to Silver Strike Lift, private owner's lounge, ski lockers, full time concierge, spa and slope-side fire pit.

As a purchaser at Silver Strike Lodge your activation fee of $100,000 is covered by the developer. The Talisker Club membership amenities include direct ski access to Deer Valley Resort, Golf at Tuhaye (Mark O’Meara designed 18 hole golf…

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Get Email Alerts From The Park City MLS!

Do you ever wonder why the good listings go so fast? Have you ever inquired about a property only to find out that it was already under contract? You can now stay on top of the market with new listing updates via email.

One of the most powerful tools available to you in your search for a Park City property is personalized email updates from the Park City MLS. These updates will notify you of any new properties or price revisions that match your criteria. If you rely on manual searches, other buyers may be one step ahead of you. With our email alerts, you will be notified as soon as new listings hit the Park City MLS and will know about them as soon as local REALTORS®.

To get started, please email us your…

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Park City Home Buyer News & Resources

The First Time Home Buyer Tax Credit is about to expire on November 30, 2009. The tax credit which is up to $8,000.00 is available to any home buyer who has not owned a home in the past three years. Congress introduced the program in February as part of the Stimulus Package.

Currently there are approximately 20 proposed bills in the House and Senate to extend and/or expand the credit, some with expansion of the credit, and other bills with restrictions and limitations that do not exist in the current law. One such extension proposal forward by Representative Ken Calvert, R-Corona (Riverside County) mirrors a bill sponsored by Senator John Isakson, R-Georgia which looks to increase the credit to $15,000 and make it…

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Buy a homesite or cottage at Red Ledges and get a new Mercedes-Benz!

Red Ledges is offering to new owners a Mercedes-Benz when you purchase a homesite starting in the mid $200s, or complete cottages starting at $1.2 million. New cottage owners can opt instead for a complete custom furnishings package valued at $95,000.

Red Ledges is a premier private recreational community located in Heber Valley Utah, which will encompass approximately 1,200 homes across nearly 2,000 acres. Red Ledges recently opened its 18-hole Jack Nicklaus Signature Golf Course and will host such amenities as a Nicklaus Design nine-hole short course; a Jim McLean Golf School; a Cliff Drysdale Tennis Academy; a premier spa and fitness facility; an equestrian center with indoor…

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Victory Ranch Golf Club Opens For Play

Victory Ranch Golf Club, the Rees Jones designed championship golf course, located in Kamas, Utah has announced that the course opened for member play on August 8th.

A grand opening event at the Victory Ranch Club "Freestone Lodge" included a golf tournament, cocktail party and dinner and an opportunity for photographs with world-renowned golf course architect Rees Jones. The event took place on August 21st and 22nd. Initial reaction from residents, golfers, media and visitors has been, in a word, "Spectacular"!

Spanning more than 5,600 acres in Utah's Summit and Wasatch Counties, Victory Ranch Club is a private residential community with mountain wilderness and wildlife refuge. Located just 18 miles from…

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