Current news and market updates for Park City real estate and Deer Valley real estate. Updated often, a great resource to keep up to date on all happenings in real estate in the Park City and Deer Valley communities.
Found 161 blog entries about Park City Real Estate News.
Are you new to the Park City and Deer Valley area?
Still trying to figure out the "lay of the land"?
To help you out and give you a great starting point, here are a couple recommended property searches you can try. We have done our best to provide you with an easy to use and easy to navigate Park City real estate website. But, when you are new to the area, you may nt know where to begin. Park City offers a wide variety of great communities and neighborhoods where you just might find your dream vacation home. To help get you started in the right direction for exploring homes, we have listed a few of our "Feature Searches" below. These really are just some of the more popular searches on our website, as well as a couple that we consider to be our
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,
Park City, Utah -- The year-end 2012 statistical report released by the Park City Board of REALTORS® indicates an increase in the number of sales and total dollar volume, with inventory the lowest it has been in over six years. It also shows a slight gain in median prices compared to 2011. The total volume of real estate sold for the entire market area (Summit and Wasatch Counties) reached $1,240,542,783 in 2012 -- a 15% increase over 2011.
Number of Sales of Real Estate in Park City
The number of sales continued to climb in 2012 with a nine percent increase over 2011 in all property types combined, reaching 1,817 total transactions. This is up 61% over the low point in 2009. The number of
The Stars Have Aligned! Now, more than ever, is a compelling time to buy real estate in Park City. We are in the midst of a very favorable real estate market for buyers, so why wait further? We currently enjoy extremely low mortgage rates, the distressed properties are going away, sales activity is up, property inventory is declining, and pricing has remained low, although has started to bump up in some areas of Park City.
We are entering a turning point... The market is about to change.
Mortgage Interest Rates Remain Crazy Low Today's rates for borrowers are simply put, "crazy low!". Not just low, but yes, crazy low. When can you ever remember mortgage loan rates under 4%. Never, except this last year. And how much longer do you think that will last?
The Canyons Ski Resort in Park City, Utah is home to The Colony at White Pine Canyon, commonly referred to as "The Colony". There simply is nothing like The Colony anywhere. This is a private, gated community with numerous luxury ski homes. What makes it so unique here is that instead of packing in as many homes as possible in a small dense area, The Colony boasts having large and expansive estate lots that border numerous ski runs at The Canyons Resort. The lots can average at about 7 acres in size, with a mix of beautiful aspen and pine trees providing a quiet secluded setting. Many of the homesites also enjoy inspirational views of nearby mountain peaks. Each homesite can have up to three structures including a main home, a guest home, and a barn.
Deer Crest in Deer Valley Utah is one of the premier locations for luxury ski-in, ski-out homes in Deer Vally and Park City, Utah. Aside from their architectural beauty and direct ski access these homes boast some of the absolute best views in all of Deer Valley. The Deer Crest neigborhood is a private gated community, near the lower resort area of Deer Valley Resort. Wthin the gates of Deer Crest is home to some stunning ski homes serviced by the Deer Valley Jordanelle Gondola. You can access Deer Crest from either the town of Park City, or if you are coming up from the airport, you can enter Deer Crest just off of highway 40 near the Jordanelle Reservoir. Homes in Deer Crest have views of the Jordanelle Reservoir, and the distant Uinta Mountains to the
