In a recent article on WSJ.com, the news is that the National Association of Realtors has recently said it is now becoming a Seller's Market for national real estate sales. The article goes on to say: "The number of homes listed for sale in January fell by 4.9%, leaving 1.74 million properties on the market. That’s the lowest since December of 1999, when there were 1.71 million homes on the market. By contrast, there were 2.91 million homes on the market two years ago at this time."
It was also added that: "The upshot is that there’s a growing pool of buyers chasing a shrinking supply of homes. If the trend holds, prices will keep going up. At the current pace of sales, it would take just 4.2 months to sell the current supply of homes available for
PRESS RELEASE - February 18, 2013 - Park City, Utah
Old Town, one of the most popular neighborhoods in the western ski resort community of Park City Utah, just had it's biggest sale for any residential single family home to date. Heather Peterson and Sean Matyja recently sold the famed "Tunnel Home" located at 503 Woodside Drive. The home was listed for sale with colleagues in their brokerage at Summit Sotheby's International Realty. The home was listed at $8,640,000 for approximately 8,300 finished square feet in size and includes 6 bedrooms and 8 bathrooms. Peterson and Matyja brought the buyer to the transaction and negotiated a selling price of $7,973,920.
Simply put, this was one of the most exceptional homes in Old Town, and in all of Park
The BIG Question is: "Have we passed the Bottom of the Real Estate Market?"
As Realtors in Park City, we get that question quite often. There is a lot of evidence that suggests that yes, it looks as though we have passed the bottom of the market. The next question to ask is: "Are we heading out of the bottom, and are we finally on our way back up?" So far, it does appear to be that way, but only time will truly tell. Just as when we were headed down to the bottom of the Park City real estate market, it was difficult to truly identify the bottom of the market until we were past it, and only then could we really measure and identify a true bottom of the real estate market in Park City, Utah.
If you follow our Park City Real Estate Blog then you will
Want to see more information on the five most amazing homes for sale in Deer Valley and Park City, Utah? Below is a list of the five most expensive listings in Park City, Utah. Not surprising, that they are all ski-in, ski-out locations which truly does sell at the highest price for this area. There simply is nothing better than owning a beautiful mountain luxury home, located adjacent to the ski run. If you are looking for the ultimate ski home for sale, one of these five homes may be the right fit for you!
$44,000,000 in Upper Deer Valley 12 Bedrooms - 16 Baths - 22,000 Square Feet Currently the most expensive property for sale in Park City and Deer Valley. This Deer Valley home is truly unique. The home is tucked away among tall pines providing
Get to know one of the most sought after properties in all of Deer Valley - the world renowned Stein Eriksen Lodge!
As in previous years, the Stein Eriksen Lodge was one of only two hotels in the state to receive the AAA Five Diamond Rating. The rating, one of the highest designations in the industry, has been awarded to the hotel since 2001, predating the second property to receive the accolade, the Grand American Hotel which received the designation for the first time in 2004. Read more about Steins Decade of Five Diamond recognition.
The Stein Eriksen Lodge, located in Upper Deer Valley’s Silver Lake Village, is Utah’s only Forbe’s Five Star, AAA Five Diamond hotel. Guests enjoy ski-in/ski-out access to Deer Valley Resort, Four-Star dining,
