Canyons Village real estate news in Park City, Utah.

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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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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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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Fairway Springs Ski & Golf Villas - Canyons Village

PURCHASE & LEASEBACK OPPORTUNITY…

Fairway Spring Ski & Golf Villas is now selling the furnished model A-3 at cost with a Purchase & Leaseback Program with over $100,000 GUARANTEED annual rent. One of our furnished models A-1, is scheduled to be completed by August 2009. To receive more information, leaseback contract, spreadsheet and details please call Jason 435-602-9294. Don't miss your chance!

SEE OUR CONSTRUCTION PROGRESS…

Fairway Spring Ski & Golf Villas is now under construction with completion of the 1st four units in early August 2009. The foundations are completed on the second building B (5 units). This entire construction, including the road and infrastructure, is being paid with…

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Buyers for Mid-Range Homes Can't get Loans

by Andrew Kirk, OF THE RECORD STAFF
Posted: 05/05/2009 06:25:58 PM MDT
parkrecord.com

As predicted, real estate sales volume was way down this spring according to the First Quarter Report from the Park City Board of Realtors released this week.

Sales volume in the first quarter was $146.4 million as compared to $321.3 million the same time last year in Summit and Wasatch Counties.

The number of sales transactions fell to 166, down 55.7 percent from 375 transactions a year ago, according to the report.

Park City proper accounted for a larger percentage of those overall sales, and the Snyderville Basin accounted for less. Single-family homes accounted for a larger percentage of overall sales,…

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ROCKY MOUNTAIN RESORT ALLIANCE Part 3

Continued from Part 2.

Teton County, WY (Jackson Hole)
Only 3% of Teton County is private, with the remaining 97% not available for any type of private development. The population of Jackson Hole is 9000, with the total population of the county is 20,000. New improvements this year include a brand new tram at Jackson Hole resort. As in Park City, most of the area businesses are fully staffed, although those staffing levels are well down from previous years. For example, the Four Seasons expected to employ 275 seasonal workers, but instead are making due with just 125 seasonal workers, with the extra work being picked up by salaried employees. Anecdotally, in previous winters the want ads in the local paper…

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ROCKY MOUNTAIN RESORT ALLIANCE Part 2

Continued from Part 1

Aspen, CO (Aspen Mountain, Aspen Highlands, Snowmass and Buttermilk)
The Aspen Board of REALTORS® has lost about ten percent of their REALTORS® in the past year. Right now they have a three year supply of condos on the market, and their dollar volume was down about 40% in ’08 compared to ’07, while the number of transactions were down about 38% (thus average price is down slightly). However, prices are still very high compared to our market. For example, the Little Nell at the base of Aspen Mountain is under reconstruction turning it in to a condohotel. Most of the units were presold with prices up to $3.5 million - for a 1/8 share!

Park City, Utah
Headlines: Ski Magazine names Deer…

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