Park City Real Estate

Park City Condo Sales 1st Quarter 2009

Thursday, April 23rd, 2009 at 12:38pm. 478 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. 397 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. 201 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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Great Deal on Bear Hollow Village Townhome

Sunday, May 4th, 2008 at 11:33am. 56 Views, 0 Comments.

Only $549,900 for this fabulous 4 bedroom Townhome at Bear Hollow Village in Park City Utah.  This motivated seller just lowered his price and wants this property sold.  This is a wonderful deal for a great property in Park City.  It even comes fully furnished with a hot tub and air conditioning.  Nightly Rentals are allowed here.  Visit Bear Hollow Townhome for Sale for more details on this great deal that won't last. Call Julie Olsen at 435-513-2848 Today to preview this property. I find that getting a loan for these townhomes is typically much easier and more favorable than for regular condos and condo hotels in Park City.  Visit Park City Utah Real Estate to search the entire Park City Utah MLS to see all properties for sale in…

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Bear Hollow Village Townhome for Sale

Monday, March 31st, 2008 at 9:39pm. 98 Views, 0 Comments.

Only $585,000 for a terrific 4 bedroom townhome at Bear Hollow Village in Park City Utah.  This townhome shows like new and was built in 2005 with some great high end finishes.  This is a spacious townhome which offers two living areas.  One on the main area of the home open to the gourmet kitchen and one in the lower level of the townhome.  I find families really enjoy having two living areas.  One for the adults to enjoy and one to send the kids to.  There is an attached 2 car garage  and private covered deck with a hot tub.  This new listing comes fully furnished.  Click Here for more information on this new listing. Bear Hollow Village is a development that allows for nightly vacation rentals so owners can earn some income to help…

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New Ski in Ski out Condos at Park City Mountain Resort

Saturday, March 1st, 2008 at 1:06pm. 46 Views, 0 Comments.

If you are looking for a new construction luxury condo for sale at Park City Mountain Resort, then you will need to preview the new Silver Star project.  There is a limited amount of new construction properties near the Park City Mountain Resort.  The Silver Star is a fabulous new ski in ski out project at the base of Park City Mountain Resort with it's own ski lift , the Silver Star.  The project offers townhomes, stacked flat condos and twin home cottages.  There is an owner ski locker room located near the Silver Star ski lift as well as a shuttle service for owners and guests.  Some of the properties are finished and several are still underconstruction.  All those properties for sale at Silver Star are re-sales so it is possible to…

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Introducing a Great Park City Mortgage Lender

Thursday, February 14th, 2008 at 11:30am. 21 Views, 0 Comments.

I would like to introduce you to a great Park City Utah Mortgage Lender, Karen Scott at Crescent Mortgage.  She will periodically write informative blog posts here on my Park City Real Estate Blog regarding Mortgage Information.  I have had the opportunity to work with Karen on several mortgages and really enjoy working with her.  She truly looks out for my buyer client's best interests first.  I always recommend with my buyer clients who are planning to purchase real estate in the Park City area to get pre-qualified for a mortgage.  It can make you look so much more attractive when submitting an offer which in turn can help you in negotiating for the best possible price.  Contact Karen at 435-649-2999 or email Karen at karen@crescentmtg.com…

Now is a great time to consider buying your dream ski home or condo in the popular ski community of Park City Utah.  With the ski season here, sellers who are wanting to sell their ski property have them on the market to sell.  There is a great selection to choose from as well as a some great interest rates.  Park City offers some great value for a ski community compared to other popular ski communities.  It continues to grow in popularity so buy now before it's too late.  There are some great new ski condo projects in which flippers are trying to get out of their investment.  I see it as a great opportunity to pick up a great deal on a great property from those who need to get out of their flip.  As a Certified Negotiation Expert and…

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Large Lower Deer Valley Townhome Fractional Property

Monday, January 21st, 2008 at 4:32pm. 36 Views, 0 Comments.

New on the market is a 1/6 share deeded ownership opportunity for a large 4 bedroom 4 bathroom townhome in the Lower Deer Valley area.  This 1/6 share is listed at $295,000 and offers two guarenteed weeks in the winter and two in the summer as well as space available days.  MLS#9972877 on the Park City MLS.  Click here to view the virtual tour for this property. As a Resort and Second Home Property Specialist, I can help you find the perfect property to meet your needs in the Park City area.  Visit Park City Fractional Real Estate to search all fractional properties for sale in the Park City Utah area. Julie Olsen, Accredited Buyer Representative Mobile: 435-513-2848   E-mail: julie@bestskiproperty.com  

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