Park City Utah Real Estate News - May, 2014

Historic Rio Grande Building Moves to New Home on Park Avenue

On Sunday, May 4th, the historic and highly recognized Rio Grande building was moved to its new, temporary location a few blocks down Park Avenue. The historic building is part of the upcoming 820 Park Avenue real estate development that will consist of 10 luxury residences and 4 commercial spaces.

The building was lifted, and secured to a large flat bed prior to Sunday's move. The building was then pulled down Park Avenue to its temporary location, a vacant lot at the 14th block on Park Avenue. Sunday was chosen because of the ability to easily close down the street for the move, which only took about a half hour. With the building now off-site, the developers will be able to begin excavation and removing soil to start the process of building the…

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Canyons Golf Course Planned to be Complete by September 30

According to a Summit County enforcement hearing on Thursday at the Sheldon Richins Building with TCFC Finance Co., LLC, completion of the golf course is expected by September 30. This has been a very long awaited event, with much doubt of its actual completion for the past decade. Summit County Deputy Attorney Jami Brackin reviewed the benchmarks TCFC has had to meet since May 2013, looking forward to those goals which are to be completed by September of this year.

Many of the required construction benchmarks up to the present have been completed, with the exception of progress on a new ski maintenance building. A recent dis-approval of the buildings new location may stall that portion of the development and construction, yet the goal is to still…

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Summit Sotheby's Wins Best of State Award

Summit Sotheby's International Realty was awarded Best of State, Utah's premier recognition and awards program, in the Business Services category for Real Estate/Appraisal. The Best of State Utah awards recognize Utah businesses, organizations and individuals who have made significant and innovative contributions to the quality of life in the state. A panel of expert judges from across the state selects winners by scoring nominees based on the overall quality of a company's program, innovation, and contribution to the quality of life in Utah.

"Summit Sotheby's International Realty sales associates have shown a long-standing commitment to real estate professionalism here in Utah, and across the globe," said Thomas Wright, President and Principal…

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Park City Real Estate Statistics for Q1 2014

The real estate market in Park City, Utah continues its recovery with an increase in sales, upward movement in median price, and historic low levels of inventory. More good news is that distressed properties are back to pre-recession levels.

PRESS RELEASE - FOR IMMEDIATE RELEASE:
Provided by the Park City Board of REALTORS®

Park City, Utah – Highest number of first quarter sales since 2007 —Statistics compiled by the Park City Board of REALTORS® Multiple Listing Service show the number of closed sales for the first quarter of 2014 (including single family homes, condominiums and vacant land) is higher than it has been for a first quarter since 2007. Surprisingly, with Park City real estate in strong demand, with total dollar volume just shy of $327…

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