Things are certainly heating up in the Deer Valley and Park City real estate market. With the inventory of homes for sale getting thinner, the best homes, priced well are starting to move much quicker these days. I'm not sure I would quite call it a "hot market" just yet, but the activity is pretty good.
It was very interesting to see today (Monday, August 6, 2012) that two luxury homes priced over $5,000,000 just went under contract.
The first home is in the American Flag neighborhood of Deer Valley, and is a re-construction of an older home. This new home has amazing views of the lower Deer Valley resort area, and looks to the St. Regis Hotel at Deer Crest. Of all homes for sale in Deer Valley, this was unique in that it has ski access, and views, yet
We have had a very slow start this year in the Rocky Mountain West, but finally we are expectig some real snow. Now not all has been bad, the resorts have made an incredible amount of snow, so we have a great base, and conditions have been decent. For the kids riding the halpipe and terrain park, this has been an amazing year as every day has been blue skies and sunny weather. The groomers have been quite nice, but starting to get a bit icy. This new snow will be a game changer!
See below what the National Weather Service forecast has to say:
A WINTER STORM WATCH REMAINS IN EFFECT FROM WEDNESDAY AFTERNOONÂ THROUGH FRIDAY AFTERNOON.