The Greater Park City real estate market appears strong and steady. The sales volume of 2016 compared to 2015 is up approximately 17%. The market report, authored by Jess Reid, breaks down stats, provides graphs, and paints a picture of what’s hot and what’s not. To read about current trends and areas that are hot click here.
This will be a truly unique opportunity. Empire Residences boasts a rare combination of location, features and design, never before assembled in a single property. Direct ski access, beautiful north, east and ski slope views from every unit, expansive outdoor decks, though-building unit design with private entries. ONLY nineteen luxury residences available. View more details here.
The Greater Park City real estate market is strong and steady. The sales volume the first 3 quarters of 2016 compared to the first 3 quarters of 2015 is up approximately 25%. The market report, written by Principal Broker Jess Reid, highlights on a few notable changes in the area. To read the most recent market update for the Park City area and to see graphs for type of property and area click here.
The link to the three charts show a 20 year trend of closings, pricing and sales volume. Great for sellers. Not so great for buyers in some communities.
THE PARK CITY REAL ESTATE MARKET
According to Jess L. Reid…..the following speaks to the ever present question of “How’s the Market?” 2014 Second QT Market Overview
SEPTEMBERS COOL AND BACK TO SCHOOL
Check out ….
1. The 35th Annual Tour des Suds at www.Mountaintrails.org.
2. Miner’s Day Parade and Labor Day Celebration. www.visitparkcity.com.
3. Park City Showcase of Homes. www.pcshowcaseofhomes.com.
2. A fixer upper on Fairway #1 of the Park Meadow’s Country Club. Southwest orientation within walking distance to the club house and offered at $1,299,900. For more information click the following link: SF – 1-Up Client Property Rpt Mobile-Friendly View
3. Voted the best least expensive house in Old Town. One block up from Historic Main Street with three bedrooms, garage, and lots more. Use the following link for more details: SF – 1-Up Client Property Rpt Mobile-Friendly View
PARDON OUR RANT
Zillow is also known as a third party aggregator/purveyor of MLS misinformation, and is generally not accurate in Utah? Most “Zestaments” are incorrect because Utah is a non-disclosure state, along with 13 other states and/or counties in the U.S. Zillow is incapable of reporting closed sales data correctly and advertises real estate for sale that often is pending, closed, or off the market.
THERE IS A SOLUTION:
The Park City MLS app for clients and/or My Dream Home
1. For the Park City MLS App, contact us from your cell phone and we will send you a quick link to open and download on to your phone.
2. Register for a free account called “My Dream Home” located on our website at www.Homes-Parkcity.com or by going straight to the following link: My Dream Home
PARK CITY REAL ESTATE 2013 vs. 2012
According to the Park City MLS the number of sales (Homes Lots and Condos) has increased by 22% this year when compared to last. Overall sold volume increased by 22% as well, with average sales prices about the same. If you’re curious about the sales stats in your area visit http://www.parkcityrealtors.com/newsroom. All of the Park City communities behave differently and below is a link of some graphs to give you a good idea of what’s hot and what’s not. If you’d like a specific opinion of value regarding your place just let us know.
Pending in January 2014 are six sales exceeding $6,000,000 with the priciest asking a tad over $14,000,000.00. This $14M ski to/ski from home exceeds 12,000 sq. ft. with the absolute best views of Bald Mountain and The Jordanelle Reservoir. Take a peek SF – 1-Up Client Property Rpt
CHRISTIE’S INTERNATIONAL BEST WINTER ESCAPES
This season, Christie’s has selected eight fantastic retreats. Sample wine in Tuscany, hit the slopes in St. Moritz, or escape winters chill on Jamaica’s stunning beaches. These diverse and appealing destinations offer something for everyone. Christie’s International Winter Escapes 2014
THE SNOW REPORT
Powder, Powder and more Powder. Up top that is! Here’s the report …
Park City Mountain Resort reporting 74”snow pack with 16 lifts, 116 runs open and 4 parks in use.
Canyons reports 77” base, 167 trails open. All lift available to ride.
Dear Valley enjoys 71”of packed powder, all bowls, trails and lifts in full operation.
BEST NEW WATERING HOLE
‘The Bone Yard’ is open for business with terrific pub fare and craft beers that won’t break the bank. Drive east past our office to 1251 Kearns Blvd, turn right, and it’s behind the Blind Dog Restaurant. The locals are love’n it with a wine bar and roof top libations soon to follow.
BEST REAL ESTATE WEB SITE & SEARCH APP
In our humble opinion it’s new, informative and easy to navigate. WWW.HOMES-PARKCITY.COM is where it’s at! We also have a new Park City MLS phone app with every home or condo for sale and terrific mapping capabilities. The Go PCMLS is compatible with Apple and Android phones and we can e-mail or text the app to you when you’re ready for instant MLS on your instant device.
STILL THE BEST!
Whether renting on your holiday or investing in a home away from home, The Chateaux at Silver Lake is still “The Best on the Mountain”. Managed by Stein Erickson’s Lodge, The Chateaux hotel condominium boasts on premises shops and restaurant, spa and exercise facility as well as the outdoor heated pool and hot tubs. The president of the Homeowners Association recently reported a 10% increase in individual owner’s revenue as well as a 13% increase in bookings. According to trip adviser The Chateaux, with a triple A Four Diamond rating received a 92% customer approval rating, the second highest in Park City and Deer Valley. To book your Chateaux ski week call 1.888.709.5417 or e mail email@example.com. For information on purchasing just call us.
JESS REID CHRISTIE’S INTERNATIONAL
If you’re in the “Big Apple” and in the market, let us present NYC largest private residence listing. Overlooking the East River The Residence @ River House boasts 62,000 decorator ready sq. ft. on five levels with a 15,000 sq. ft. master; the 82’ swimming pool is just perfect for entertaining. Listed at $130M. Take a tour here: The Residence @ River House
WELLS FARGO WEIGHS IN ON THE PARK CITY MARKET
According to Rick Klein, loan officer extraordinaire and statistician for the Park City Board of Realtors, the Park City real estate market is on the rebound.
- New Pending Sales Up 34%.
- The number of sales transactions on par with 2007.
- Closed Sales up 36%
For the rest of the story visit The Klein Report.
A WONDERFUL VENUE
Skip the lines at Redstone and Holiday Village Cinemas this season and take in a flick with The Park City Film Series at the Jim Santy Auditorium. Here’s a link to view the schedule Park City Film Series Schedule
BEST HOME SEARCH TOOL
We are pleased to present our new, and improved, web site at www.Homes-ParkCity.com. The My Dream Home application is terrific; allowing you to create a personalized wish list, design a property search just for you, and get new listings directly emails to you based on your search criteria. Let us know what you think.
We often receive questions from current and future property owners about real estate in other ski resort communities and how it compares to Park City, Utah. There are pros and cons to any community; however we are proud to say that Park City, Utah has bounced back quite nicely. Check out the 3rd quarter graphs complements from the Western Mountain Resort Alliance for you to see how your favorite resort measures up: 2012 vs. 2013 Q3 Graphs
BEST TOWN EVER 2013
The readers of Outside Magazine cast 21,000 online votes raved about 18 amazing towns but one stood out above the rest. Here’s the post on the winner: Park City, Utah: http://www.outsideonline.com/adventure-travel/north-america/united-states/The-Best-Town-in-America-Park-City-Utah.html
VINEYARD HUNTING WITH CHRISTIE’S
If you’d rather grow your own the following click to Christie’s International provides a slick tutorial on how to buy a Vineyard. If the offerings are a bit above your price points no wine-ing. http://www.vinexpo-2013-vineyards-by-christies
SAVE THE DATE
From August 17th to September 2nd is the Park City Homebuilders Annual showcase of homes. Sixteen exquisite homes are on display in Park Meadows, Red Ledges, Promontory, Midway, and the Woods at Parley’s Lane. Check out program at http://www.pcshowcaseofhomes.com/.
THE BEST A.V.A. GUYS
Seth and Katrina Kraus are “hands down” the last word in Audio/Video sales, service, home theater installation, and automation. Home base is an oversized cabin at 11,500 feet in Breckenridge Colorado. They are the exclusive purveyors of all Bose products in the Intermountain West and are often seen working and playing in and around Park City. Move over Geek Squad, these guys are the best. For more info go to www.ascentechs.com
MORE ON THE MARKET
We received a few requests for more details on Real Estate sales in specific communities. Here is the Park City board of REALTORS weighing in on the 2013 stats: http://www.parkcityrealtors.com/newsroom What a difference a year makes!
We like to see who’s actually reading our stuff …..“On your Wednesday morning walk you spy one hot air balloon rising over Park Meadows, two up over Trailside Park and another floating along Silver Creek….. Wednesday is going to be what kind of day?”
The ever popular GreetingsFromThePark took a couple of months off for maternity leave and welcome back to ‘Summer in the Park….’
Baby Abygale arrived healthy and happy on April 18, 2013 weighing in at 6lbs./15oz. Mom, Jessica, is “back in the saddle” and looking forward to catching up with all of our clients and friends. Congratulations to Jessica, Dave, and the girls.
SALES IN THE PARK – 2012 VS 2013
These graphs illustrate the first six months of this year when compared to the same time last year for all property types
Number of Sales Up 19% Sales Volume Up 18% Avg. Sales Price Down 1%
If you’d like additional statistics specific to houses vs. condos vs. lots or a separate report on Deer Valley just send a note to firstname.lastname@example.org.
CHRISTIE’S INTERNATIONAL REAL ESTATE
Formed to satisfy the lifestyle requirements of discerning clientele across the globe and the marketing of fine art, and high-end properties, proves to be a natural combination. Please do visit http://www.christiesrealestate.com/eng/about-us for a short video and the rest of the story.
Hands Down it’s Black Rock Ridge!
These new and very affordable three bedroom condos are just a few minutes out of town on the way to the Jordanelle Reservoir. Two car garages, granite, alder and all the proper amenities for $325,000+/- Here’s the link for more information: http://www.blackrockridgeutah.com.
In the upper end we’d recommend a visit to http://www.8RubyHollow.com unequivocally the finest ski to/ski from residence in Deer Valley. Offered @ $13,5M.
If you’re in a musical mood check out Lyle Lovett on August 17, Jewell on August 24th, and One Republic on the 31st. For information and tickets visit http://www.ecclescenter.org/ . For the other 28 days of music, check out http://www.mountaintownmusic.org/.
PARKCITY FEATURED ON PBS
Park City is currently being featured on a PBS (Public Broadcasting Service) television travel show called “Getting Away Together”. It is season #2 for the show and the first episode of the new season takes place right here in our scenic mountain community. To watch check out the following link: http://www.pcrealtortalk.com/link.php?M=60235&N=2985&L=5052&F=H