Park City Utah Real Estate News - Park City Real Estate News

FHFA Announces Increased Loan Limits for 2018

Posted by Sean Matyja on December 12th, 2017

The Federal Housing Finance Agency (FHFA) announced this week the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018, will be increased from $424,100 to $453,100. In most of the U.S. this will be the maximum conforming loan limit for one-unit properties. 

The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year to reflect the change in the average U.S. home prices. And earlier this week, FHFA published its third quarter 2017 House Price Index (HPI) report, which includes estimates for the increase in the average U.S. home value over the last four quarters.  And according to FHFA's seasonally adjusted, expanded-data HPI, house prices increased 6.8…

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Park City Real Estate Market Statistics for the 3rd Quarter of 2017

Posted by Sean Matyja on October 19th, 2017

Looking at the real estate sales activity statistics for Greater Park City, for our entire MLS, we saw a 15% increase in units sold, and a 12% increase in dollar volume for Q3 2017 vs Q3 2016. The number of homes for sale at the end of the quarter was down by 22%. For Condos, we saw a 1% increase in units sold, relatively flat results, but we did see a large 27% increase in Sold Dollar Volume. For land, we saw a 1% decrease in units sold, but a large 25% increase in dollar volume.



We often look at the current 12 months back, and compare to the previous 12 months. Reviewing in a year to year comparison, it allows us to take out any seasonality of the statistics, and focus on the overall trends. Looking back even further, we are showing below the numbers of…

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Sothebys Listings Showcased on 1,000's of Luxury Websites

Posted by Sean Matyja on October 2nd, 2017

YOUR PROPERTY ON OVER 5,000 SIR COMPANY WEBSITES AROUND THE WORLD

Sotheby's International Realty offers an amazing competitive advantage over our competitors when it comes to the expansive reach we have to globally promote our luxury real estate listings. For our seller clients, there is no other real estate brokerage that can match what SIR offers. Summit Sotheby's International Realty's strategic online syndication ensures that your property is displayed to a qualified, world wide audience with a global presence of over 5,000 webistes, that include the most trafficked news, art, lifestyle and luxury real estate websites in the world!

SothebysRealty.com attracts more consumers to search, view and inquire than any other luxury real estate website.…

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Construction and Sales Update for Goldener Hirsch Residences

Posted by Sean Matyja on September 14th, 2017

With construction progressing along very well, the new Goldener Hirsch Residences has recently received two new sales reservations. This brings the previous amount of 9 reservations to 11. Of the 11 reservations, the units range in price from $690,000 to $4,880,000. These include 3 studios, 7 three bedrooms, and 1 large four bedroom. The price per square foot on these units starts at $1,150 and runs up to $1,530 with an average of about $1,386.

The new Residences at Goldener Hirsch is an Expansion of the Goldener Hirsch Inn that includes 40 new contemporary residences featuring modern architecture blended with sophisticated design. Residences range from studios to four bedroom floor plans and many of the residences include lock-offs. Sizes range from…

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A Newly Listed Gorgeous Home in Blackhawk Station

Posted by Sean Matyja on August 2nd, 2017

This immaculately maintained home has been nicely and creatively upgraded. This home features 2 main levels right off the garage and bedrooms and a additional loft upstairs. The loft could easily be converted into a bedroom with a closet. Yard is secluded and peacefully fenced with lush landscaping and a nice flagstone area for your dinning table and chairs. And don't forget about the spacious garage, which has plenty of room for your toy's. There is also a secret side area perfect for your trash and recycling cans,etc. The master bedroom offers nice rolling views to the rear, and the loft and 2nd bedroom enjoy the Winter Sports Park and mountain ridge views.

Blackhawk Station is a wonderful community adjacent to the 1200 acre Swaner Nature…

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Promontory Unveils Newest Amenity - The Beach House

Posted by Sean Matyja on July 18th, 2017

Promontory has created a new amenity for their luxury private golf community, something so unique that is surely to be a hit. The Beach House is now open and for Park City, we have never seen anything quite like it!

A stone’s throw from the Nicklaus Clubhouse, the Promontory Beach House has opened in July 2017, just in time for the summer's hot weather months. The Beach House includes a large patio and cafe, adjacent to a large wading pool, then something really unique, a large pond surrounded by beautiful white sand.  Docks and cabanas look out across the pond, and enjoy the zing views looking west to the ski runs at Park City ski resort.

This brings even more family fun options for members and guest of Promontory Club. The Beach House features…

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Stunning Ski-in/Ski-out home going to Absolute Auction

Posted by Sean Matyja on June 27th, 2017

160 White Pine Canyon Road is going to an absolute auction on Saturday, July 8 at 11AM. Originally listed at $8,995,000 this beautiful home in the Colony at White Pine Canyon will go to the highest bidder, no matter how low the highest bid is.

This incredible ski-in/ski-out mountain modern estate has one of the best locations for views, access, and sun and is located in the private, luxury gated community of The Colony. The Colony is widely considered the finest ski community in the country featuring 24-hour security, 6 plus acre lots, unparalleled open space and unforgettable wildlife. Conveniently located only 30 minutes from the SLC airport and 5 minutes from the charming downtown of Park City, one of the finest ski/mountain resorts in the world…

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Is Park City Experiencing Another Real Estate Bubble?

Posted by Sean Matyja on June 22nd, 2017

Real Estate prices in Park City and Deer Valley are approaching new highs. Supply is down. Demand is up. The emerging question seems to be, "Is our resort market growing inside a bubble that could burst at any time?" As Realtors working with buyers and sellers daily, we have yet to see signs of a bubble and according to notable economists, there are no indicators of a looming recession.

The above Red Pine townhome was fully remodeled and sold in 2017 at a price of nearly $200,000 more than the previous record in Red Pine. There seems to be room in this current real estate market to reach new heights never before acheived. 

The Park City Board of Realtors produces quarterly statistical reports based on sales activity for the greater Park City…

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Get to Know the Montage at Deer Valley

Posted by Sean Matyja on June 20th, 2017

The Montage Residences at Deer Valley has enjoyed abundant sales success over the last few years and they are now down to their last 17 Residences. With the remaining inventory, they have brought pricing back down in an effort to close out sales on this amazing ski destination hotel. For buyers that might be interested in this unique property, please contact us and let us know when you are planning to be back in town. As Sotheby's realtors focused on Deer Valley, Utah, we can assist you in making  purchase at the Montage, and we are aware of some creative sales offerings currently available at the Montage. The listing team is also within our brokerage, and we can navigate you through a seamless and favorable buying process.

The Montage is unique,…

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A Truly Unique Outdoor Recreational Property

Posted by Sean Matyja on June 16th, 2017

For anyone looking for a vacation or second home that offers a truly remarkable outdoor recreation experience, look no further.

Bridge Hollow is a local's best kept secret for Park City, Utah. This is a private and gated community that is home to properties that feature large acreage, distant mountain views, and privacy and seclusion not commonly found in Park City. The community is located only 15 minutes from Kimball Junction and 25 minutes to downtown historic Main Street. This Wanship neighborhood is also nearby rockport reservoir, offering boating and fishing only minutes away.

The property is on just over 21 acres, and enjoys amazing views of mountain peaks and the valley below. Buyers for a home like this might also look in similar…

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