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.
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
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.
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
It was an amazing ski season and now the opening of Talisker Club's championship Mark O’Meara 18 hole golf course in Tuhaye is just around the corner. Maybe now’s the time to join Talisker Club!
Talisker's New ENCORE Program
Never before have non-member Talisker property owners had an opportunity to join until now. With their new and temporary Encore program, Talisker Club is offering an exclusive but limited opportunity to join Talisker Club today. Most property owners in Tuhaye and Empire Pass are members of the exclusive Talisker Club, a "country club" offering both ski, golf and mountain lifestyle recreation in Park City, Utah. There are some owners in Tuhaye and Empire Pass that have not purchased memberships with their property
Stein Eriksen Lodge in Deer Valley is getting started this summer on an expansion and renovation to their Five Star Park City Hotel. These additions are designed to ensure their owners and guests will have the most memorable experience possible. Construction has already begun and the project should be complete at the beginning of 2017-2018 winter ski season.
View the full site plan above and the details below:
1 - Entertainment Center
Family-friendly games and delectable food will enhance your stay and encourage more time together.
2 - Coffee Bar
Enjoy a cup of Stein’s signature coffee blend and house-made pastries, as you gaze out at the captivating views of Deer Valley
The Park City Board of Realtors produces quarterly statistics reports comprised of all sales data from the PCMLS. Below is the report for Quarter One of 2017.
Demand for real estate in Summit and Wasatch Counties leads to a record-breaking first quarter of 2017
The number of closed sales for the first quarter of 2017 in Summit and Wasatch Counties was the highest we’ve seen since 2007 – up 20% over 2016, according to statistics released by the Park City Board of REALTORS®. Q1 also saw the highest number of pended sales on record and a 26% increase over the previous year in total dollar volume. Growth continued to morph, and expand, encompassing outlying communities in the Wasatch Back as the entire market area was pushed to new peak levels.
The Waldorf Astoria located at Canyons Village in Park City, Utah is offering an amazing incentive to promote residential sales. For a limited time, they are offering a 10% discount on their 3rd and 4th floor condos. Additionally, the developer will also pay for the first 12 months of HOA dues. With so much to offer, a true high-end luxury hotel name, and amazing rental bookings outpacing other condo-hotel options, the Waldorf is a highly recommended property for ownership in the great Park City community.
The Waldorf is right in the center of the Frostwood area of the Village, and it is juts across the street from the Frostwood Gondola, essentially a ski-in and ski-out property. They have a great restaurant on-site, and one of the best pools in
2016 year-end housing statistics for Summit and Wasatch Counties, as reported by the Park City Board of REALTORS® Multiple Listing Service, show that over the past four years, the number of closed, pended, and active listings has continued to trend at a healthy and stable rate, with an averaged median price increase of 7.5% annually. However, in 2016, the median sales price for single-family homes, condominiums, and vacant land increased at a rate double that number. Overall, the quantity of sold properties did not increase sharply over previous years, yet the dollar volume for our entire market area was up 18%.
President of the Park City Board of REALTORS®, Sara Werbelow adds, “We have experienced a sustainable growth trend for several years. Areas
Summit and Wasatch County property values continue to rise in the third quarter of 2016
Statistics reported by the Park City Board of REALTORS® at the close of the third quarter show the median sales price for single-family homes, condominiums, and vacant lots in the Greater Park City area have increased at a rate of 7.5% annually since 2012 and are up 14% over the previous 12 months as buyers are becoming more attracted to resort real estate.
Single-Family Home Sales
Demand remained high for single family homes in the Greater Park City area, with some neighborhoods increasing in price at a faster rate than others as growth outside the City Limits continued. Within the Park City Limits (84060), the median sold price of a single family home was up
Property values have increased at approximately 7% annually since 2012
Statistics reported by the Park City Board of REALTORS®, at the close of the second quarter of 2016, indicate a steady annual price increase for single family homes, condominiums, and vacant lots in Summit and Wasatch Counties. Areas outside the Park City Limits, such as the Heber Valley and the Jordanelle, have also seen double digit growth in the number of sales.
Single Family Home Sales
In the entire market area, there are currently five times more pending sales outside the Park City Limits than what is pended within Park City Limits (84060). Over the last twelve months, the median price of a
