"Like" Our NEW Facebook Page to Keep Updated on All Things Park City.
We regularly update our Enjoy Park City facebook page with new snowfall amounts, mountain biking trail conditions, fun events and real estate news. This is an easy and fun way to know what is going on in Park City, and if you are from out of town, you'll be in the know, and you'll be educated of the best times to come visit Park City. This online resource will include some real estate news, but mostly this is intended to be a sort of Park City concierge for you. We want you to know what is happening and when, and how you can make the most out of your visits to Park City.
Click here to visit and "like" our Enjoy Park City Facebook Page
Ever hear about the HGTV Dream home? You probably have. Well, the most recent HGTV 2012 Dream Home built was recently given away to a woman from the East Coast. She decided to take the cash, rather than relocate her family to Utah to live in the home. So this amazing home is now up for sale. This HGTV Dream Home is absolutely stunning, and is in a beautiful setting, along the river in the small, rural town of Midway, just 15 minutes from Park City and Deer Valley.
The 2012 HGTV Dream Home is a mountain ranch inspired home nestled in the Heber Valley of Utah. The home is designed to appeal to outdoors enthusiasts, with stunning mountain views, exceptional outdoor living areas with a grill and hot tub, riverfront access, and the amazing skiing and
Park City, Utah –The highlight for the first quarter of 2012, as reported by the Park City Board of REALTORS®, is that the median sales price for vacant land and condos, in all areas, has gone up. The median sold price for condos went from $335,000 in the first quarter of 2011 to $401,628 for quarter one in 2012. Vacant land also saw a rise in median sold price from $134,500 in 2011 up to $200,000 in 2012. The overall sales dollar volume for quarter one, however, came in at $235 million, down from the first quarter of 2011 when overall sales topped $254 million. The total number of sales is also lower for the first quarter of 2012, with 338 sold properties,
Realtor.com recently ranked Salt Lake City No. 6 in the nation for “The Best Cities to Buy a Home Right Now.” Forbes reported on the study and stated there were a number of factors that played a part in determining how each city was evaluated and ranked.
Salt Lake received high marks for improved inventory levels, list prices and employment. Inventory is down 31 percent compared to last year, and the median list price is up 5.5 percent from last year at $195,000. The unemployment rate for Salt Lake is currently 5.9 percent. Unemployment rates, from the Bureau of Labor Statistics, were factored into the rankings since jobs are a leading indicator of housing demand.
Park City, Utah, just 35 minutes up Parleys canyon is a nearby alternative to living in Salt
After 5 years of decreasing prices, and seeing some great buys come and go, we are noticing some significant changes in our market. The major changes are Declining Inventory and Multiple Offers. For a while now we have been talking a lot about trying to recognize if we are at the bottom of the market. We have known, or had a strong feeling that we were there, but pin-pointing it is tough. Often you cannot truly identify the bottom until you have passed it. We are now starting to see the Pendulum beginning to swing to the other direction.
Declining Inventory There simply is less to choose from now in our market. Many of the distressed properties have been bought up, and many of the low priced "deals" also have been sold. Don't worry, there are still great
If you are considering buying is Aspen, or selling in Aspen, we can help find the best suited Sotheby's Realtor for you. Let us help connect you through our Sotheby's network.
Sotheby’s International Realty Affiliates LLC today announced that Morris & Fyrwald Sotheby’s International Realty in Aspen and Carbondale, Colo., has combined with Chaffin Light Real Estate in Aspen, Snowmass Village and Basalt, and now will operate as Aspen Snowmass Sotheby’s International Realty.
Aspen Snowmass Sotheby’s International Realty will serve the entire Roaring Fork Valley from Aspen/Snowmass to Glenwood Springs. Mark Overstreet serves as president of the new company and will report to a management board of Ernie Fyrwald, Andrew Light, Craig Morris and Garrett Reuss.
It's still a Buyer's Market but the inventory is going fast.
Real estate sales in Park City surpassed the billion dollar mark for the seventh time in 2011. Year-end statistics from the Park City Board ofREALTORS® show an overall sales dollar volume of $1,077,426,368, up 6% from $1,013,432,555 for 2010. The number of sales continue to trend upward with 1,662 closed sales for 2011, up 17% from the 1,418 closed sales in 2010 and up 32% from the 1,131 sales in 2009.
Inventory levels have decreased since last year, with about 2,300 properties listed for sale compared to about 2,750 in 2010, a 13% decrease. Sales activity remains strong, which can be attributed to the reduced home, condominium and vacant land prices and the positive economic conditions in the
Real Estate Update for the Waldorf Astoria Park City and Canyons Ski Resort
Pricing at the Waldorf Astoria has seen downwardly adjusted List Pricing by about 20% from Average of $970 price per square foot to $775 price per square foot. (Low of $716psf and High of $823psf) Along with developer product there are currently 3 Re-Sales Available - A 1 bedroom and Two 2 Bedrooms) A BONUS of Two Ski Passes to Canyons for first Three Years of Ownership.
Waldorf Astoria Hotel Improvements for 2011 (fully funded by Talisker – Estimated Cost at $2million): NEW Restaurant ‘CRAVE’ Espresso Bar and Deli. NEW Gift Shop ‘Palette’ offers Luxury Clothing, Ski Gear, Gifts and Sundries. NEW Après Ski Bar ‘Scoop’ serves Hot Drinks (alcoholic and non-alcoholic), House made
INFO THAT HITS US WHERE WE LIVE...The housing recovery may be proceeding slowly, but things are definitely not at a standstill. Earlier this year, an industry rent vs. buy index found it is more affordable to buy than rent a two-bedroom home in 72% of America's 50 biggest cities. In fact, renting was less expensive than buying only in New York, Kansas City, San Francisco and Seattle. And in 10 of the cities where renting was relatively affordable versus ownership, people felt buying may still be a financially sound long-term decision.
A recent consumer study showed people are getting the message. With home prices now at such affordable levels, 62% of those surveyed said buying in today's market is a good investment over the next 10 years. The most popular
For the 2nd year in a row, Utah Tops Forbes list for "Best State for Business and Careers". This was their sixth annual look at the business climate of the 50 US States. Utah was the only state to rank among the top 15 states in each of the six main categories they rate states on. No one can match Utah's consistent performance.
They talked about Utah's highlights of energy costs at 31% below the national average, and employment growth that has averaged 0.6% the last five years, vs the national average of negative 0.6%.
Businesses are taking notice. Proctor & Gamble, ITT, Home Depot, and Boeing all announced expansions in Utah. The Goldman Sachs office in Salt lake City is the second largest in America, with more expansion planned over the next 4 years. Tech
