Park City Real Estate and Area News

Great Deals on Ski in Ski out Condos at Deer Valley Resort

Friday, February 5th, 2010 at 11:54am. 47 Views, 0 Comments.

The developer of the Silver Strike Lodge in the Empire Pass area of Deer Valley Resort is offering some incredible deals on brand new ski in ski out condos.  These condos were once going for about $1100 per square foot are now being sold closer to $770 per square foot.  At these great prices the condos are selling quickly with 13 recently sold and just 6 more remaining.  Those remaining are mostly 4 bedroom 4.5 bath condos with about 2300 square feet.

Please contact Julie Olsen for more information before this great deal on brand new  Deer Valley ski in ski out condos passes you by.  Julie's cell phone is 435-513-2848.  She also offers an attractive Buyer Incentive Program.

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Park City Condo Sales 1st Quarter 2009

Thursday, April 23rd, 2009 at 12:38pm. 2102 Views, 0 Comments.

Condo sales for in town Park City which includes: Deer Valley, Old Town, Aerie, Prospector and Park Meadows areas where down in the number of transactions by 57% compared to 1st quarter of 2008.  The average sold price for the 1st quarter of 2009 for in town condos was $905,656 which was down by 40.2% compared to the 1st quarter of 2008. 

Condo sales for the outskirts of Park City which includes: The Canyons, Olympic Park, Silver Springs, Kimball Junction, Pinebrook, Summit Park and Jeremy Ranch areas where down in the number of transactions by 53.8% compared to 1st quarter of 2008.  The average sold price for the 1st quarter of 2009 for condos in the outskirts of Park City was $479,443 which was up by 0.8% compared to the 1st quarter of…

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Park City Single Family Home Sales 1st Quarter 2009

Thursday, April 23rd, 2009 at 12:19pm. 1567 Views, 0 Comments.

Single Family home sales for the first quarter of 2009 for in town area which includes: Deer Valley, Old Town, Thaynes Canyon, Aerie, Prospector and Park Meadows areas where down in the number of transactions from the first quarter of 2008 by 33.3%.  In 2009 there were 12 sold homes.  The average sales price was up by 70.8% compared to the first quarter of 2008.  This unusual situation may have been due to four home sales in the Empire Pass area in which homes were new construction and under contract more than likely in 2008 but construction finished in 2009.  The average sales price was $3,880,429 for the first quarter of 2009.

Single Family home sales for the first quarter of 2009 for the outskirts of Park City which includes: The Canyons, Olympic…

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Condohotel Loans are a Challenge these days

Thursday, April 23rd, 2009 at 11:22am. 881 Views, 0 Comments.

Getting a loan for a Condohotel is very difficult in this current economic climate.  Not all condos are challenging but Condohotels which are condos with a front desk are a major challenge these days.  I am finding that there are some loans available but that the interest rates are very high and in the range of about 8% to 9%.  I find this really suprises buyers who see some very low interest rates being advertised by banks.   Banks not only look at the buyer but they also look at the type of property that the buyer wants to purchase.  Banks look at condohotels as a high risk property.  

If you are looking to get a good deal on a condo in Park City and plan on getting a loan to purchase a condo, then you really need to consider what type of a condo it…

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Arrowleaf Model at The Village at Empire Pass at Deer Valley Resort in Park City Opening Soon

Monday, April 13th, 2009 at 2:33pm. 427 Views, 0 Comments.

         I met with one of the representatives who works for East West Partners which is one of the key developers for new ski in ski out homes and condos at the Village at Empire Pass at Deer Valley Resort in Park City Utah.  It's a great ski in ski out project on the best part of the mountain at Deer Valley Resort.   One of their current condo projects is Arrowleaf A and Arrowleaf B.  They will be opening at the end of August 2006 a model condo to show the quality finishes that they will be offering in the Arrowleaf Project.  The Arrowleaf Project is located adjacent to the Silver Strike Express Chairlift and the ski runs that take you to the lift.  The views are spectacular.  It is also located across the ski run from the Tower Club…

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Staged Park City Condo undercontract in 3 weeks

Monday, April 13th, 2009 at 2:32pm. 202 Views, 1 Comments.

Last week my client's condo in Pinebrook just went under contract in 3 weeks.  She was completely amazed and thought it might take several months.  There were about a dozen similar condos on the market with none under contract in the last couple of months.  This spring I had become an Accredited Home Staging Professional through StagedHomes.com.  This condo was my first to use my new staging skills and it worked wonders.  Staged homes do sell faster in a slower market.  She was also pleased with the price I helped negotiate for her as well.

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January 2009 Park City Real Estate Statistics

Tuesday, February 17th, 2009 at 11:09pm. 546 Views, 0 Comments.

January 2009 Sales Statistics for Single Family Homes and Condo/Townhomes sold in the Park City area Single Family Homes in the Park City area The number sold in January: 13 The average number of Days on Market for Solds: 137 days The average Sold Price/List Price: 96.5% Condominium/Townhomes in the Park City area The number sold in January: 22 The average number of Days on Market for Solds: 76 days The average Sold Price/List Price: 92.0%     Visit Park City MLS to view all current Park City Utah listings for sale.  *Data obtained from the Park City MLS system          

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Park City Condominium Sales Statistics for 2008

Sunday, February 8th, 2009 at 5:36pm. 239 Views, 0 Comments.

Park City Condominium Sales for 2008 by Park City Area In the greater Park City area the number of transactions were 483 in 2008 which was down by 39% compared to 2007 and the median sold price of a condo was $495,000 in 2008 which was down by 12% compared to 2007.  In the Park City city limits the number of transactions were down by 45% in 2008 and the median sold price was $825,000 which was down by 17% compared to 2007.  In the Snyderville Basin area the number of transactions were down by 31% and the median sold price  was $430,000 which was down by 2% compared to 2007.  Data obtained from the Park City MLS.   If you are looking to take advantage of the current real estate market in the Park City area to finally get a great…

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Park City Single Family home sales statistics for 2008

Sunday, February 8th, 2009 at 2:49pm. 206 Views, 0 Comments.

  Park City City Limits Area Number of Transactions were 81 which was down 41.7% compared to 2007 Average Sold Price was $2,138,682 which was down 3.5% compared to 2007 Park City Snyderville Basin Area Number of Transactions were 208 which was down 39.2% compared to 2007 Average Sold Price was $993,090 which was down 18.8% compared to 2007   Visit the Park City MLS to search all the current Park City Listings for all the local Park City brokerages.  Listings are updated daily. Register to save your favorite listings. Data obtained from the Park City Board of Realtors    

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Now is a great time to buy a home for sale in Park City Utah

Sunday, February 8th, 2009 at 1:19pm. 308 Views, 0 Comments.

With inventories high, sellers nervous and interest rates extremely low, now is a great time to buy a home for sale in the popular Park City Utah ski community.  There are plenty of buyers kicking the tires but the vast majority are hesitant to get off the fence and place an offer.  Those who are getting off the fence right now are getting some great deals.  Now is an excellent time to negotiate.  Some sellers are more motivated than others but the only way to find out how motivated a Park City seller really is would be to put in an offer in writing with a well qualified local Park City realtor.   If you are getting a loan it also helps buyers in negotiating for the best possible price to get pre-qualified by a local Park City lender.  It…

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