Park City Utah Community Blog

Luxury Real Estate Sales in Park City, UT for 2011

Jim Harsch — Mon, 30 Jan 2012 22:18:03 +0000

The Luxury Real Estate Market (over $3.0M list) for the full year 2011 was consistent with 2010.

Single Family Home Sales for 2011 were 29 total homes compared to 31 sales in 2010. The average list price for disclosed sales in 2011 was $4.5M and sold for $4.1M, about a 9% discount to list, but 11% higher than 2010. Average sales price per square foot was $488. The highest listed disclosed sales price was $7.2M and the lowest at $3.2M. The highest listed was $10.9M; however the final sales price was not disclosed. Sales were fairly evenly spread from Deer Valley to The Colony at White Pine Canyon to Glenwild. There are currently 91 luxury homes for sale ranging from $3.1M to $49.5M at an average list of $7.2M and $734 per square foot.

Condominium Sales for 2011 were 31 total properties compared to 31 sales in 2010. The average list price for disclosed sales in 2011 was $4.2M and sold for $3.2M, about a 24% discount to list, and 9% lower than 2010. Average sales price per square foot was $1,191. The highest listed disclosed sales price was $10.0M and the lowest at $3.2M. Sales were centered in Deer Valley at St.Regis, Flagstaff and Montage. There are currently 30 luxury condominiums for sale (plus 8 pending sales) ranging from $3.0M to $12.5M at an average list of $4.4M and $1,284 per square foot.

For additional details and all Park City Homes For Sale contact Jim and Billie Harsch of Mountain Town Realty Group at http://www.unlockparkcity.com

Park City celebrates 10th Anniversary of 2002 Olympic Winter Games

Billie Harsch — Sun, 29 Jan 2012 19:02:44 +0000

Starting February 1st, 2012, the Park City Community will kick off a variety of Olympic-related activities to celebrate the 10th anniversary of the 2002 Olympic Winter Games. During these events, community members will have a chance to meet Olympic athletes, view special memorabilia exhibits, share Olympic experiences and immerse in the Olympic spirit once again. [...]

Park City, UT Real Estate Sales Statistics through December 2011 (Full Year)

Jim Harsch — Tue, 17 Jan 2012 22:33:56 +0000

The Park City Board of Realtors statistics for Full Year Sales for 2011 show Gross Sales Volume of $1.077B was up almost $64M or 6% from the Full Year 2010, while prices were down about 9%; however, there were substantial variations in each property category and inventory is scarce in some areas. The number of transactions increased 17% over 2010. Distressed inventory was significantly reduced and is not a large percentage of the current inventory available. .

Single Family Home Sales were approximately 54% of the total Sales Volume and were up 18% from 2010. Average Sales Prices were slightly down. Upper Deer Valley, Canyons/Olympic Park, the Old Ranch Road area particularly Willow Creek, and Trailside were up significantly from 2010.

Condominium Gross Sales Full Year were down 13% and prices were also down 22%. The initial releases of St. Regis and Montage were strong in 2010 but sales have leveled off. Lower Deer Valley has been strong in 2011.

Residential Lot sales are up 14% Full Year compared to last year, evenly spread among many areas and price ranges. Promontory is the most active, due to the sale of distressed properties, with 107 new listings since the beginning of the year and 78 sales. Sales have been weak in Glenwild and Tuhaye with prices still coming down. Red Ledges had a strong summer and you can play winter golf at the new Red Ledges golf simulator on Main Street.

The Sundance Film Festival starts this week and more venues are booked than the last couple of years. Although the snow pack was a little thin for the holidays, several feet of new snow is forecast for the next several days, which will provide some of the “Greatest Snow on Earth”. Now is a great time to buy in Park City.

For complete details of each area, and all Park City Homes for Sale, please contact Jim and Billie Harsch of Mountain Town Realty Group at http://www.unlockparkcity.com

Ski Free with Quick START at All Ski Resorts in Park City, UT

Jim Harsch — Sat, 17 Dec 2011 21:15:10 +0000

Catch a morning flight from anywhere to Salt Lake International Airport and you can ski free the same afternoon. The Park City Quick START Vacation lets you convert your airline boarding pass into a same day lift ticket at your choice of Deer Valley, Park City Mountain Resort, or Canyons. For a coupon and details see http://www.visitparkcity.org and ski free for the first day of your visit.

Over 24,000 tickets were redeemed last season.

Park City - Lakefront Living

Jim Harsch — Thu, 30 Jun 2011 21:33:27 +0000

Amazing Lakefront Living with Incredible Mountain Views. This custom 5 bedroom, 4.5 bath home is one-of-a-kind in Park City. This home features an open floorplan with granite counters, knotty alder cabinets and base/case, huge master suite with sitting area, fireplace and 2 decks, 2 additional woodburning fireplaces, and decks to enjoy the view. Fish, peddleboat, kayak or just watch the ducks swim by in your backyard. Relax to the soothing sounds of the year-round stream. Low maintenance yard, very private in summer, expansive views in winter. See the tour at http://www.4859SilverSpringsDrive.com .

Luxury Home “Best Buy” in Quarry Mountain Ranch, Park City, UT

Jim Harsch — Tue, 31 Jan 2012 20:15:37 +0000

Sited on over 6 acres this Luxury Home is a “Best Buy” in Quarry Mountain Ranch, Park City, UT. The home is almost 8,000 sq. ft. with 5 bedroom suites, expansive, open living area, gourmet kitchen with commercial appliances, and ski area views. Also featured is an attached guest apartment with 1 bedroom and bathroom. Once priced at $5.8M, the home is now an excellent deal at just $3.8M.

We are not the listing agents, but we offer our expertise in bank owned and luxury real estate if you wish to purchase this great deal. For additional information and all Park City Homes For Sale please contact Jim and Billie Harsch of Mountain Town Realty Group at http://www.unlockparkcity.com .

Economic Forecast Luncheon, Park City, UT

Billie Harsch — Tue, 31 Jan 2012 19:32:42 +0000

The Park City Chamber of Commerce is presenting the Economic Forecast Luncheon featuring Todd Buchholz, the former White House Director of Economic Policy, at the Grand Summit Hotel, Canyons, Park City, UT on February 2, 2012 at 11:30 am. Mr. Buchholz is the managing director of the $15 Billion Tiger hedge fund and an [...]

2012 Travelers’ Hotel Choices Announced by Tripadvisor for Park City, UT

Billie Harsch — Mon, 30 Jan 2012 16:22:40 +0000

Tripadvisor, the world’s largest travel site, recently announced the “2012 Travelers’ Choice” rankings. Park City had several hotels in the top 25. The Waldorf Astoria Park City at Canyons was ranked #5 Best Luxury Hotel in the US, while the St. Regis at Deer Valley was ranked #18 Best Luxury Hotel in the [...]

New Library Opens in Coalville, UT

Billie Harsch — Sun, 29 Jan 2012 19:45:06 +0000

A new Summit County Library has opened in a restored building that once housed the hospital in Coalville, UT. The building was built in 1935 and the Summit County Council decided to renovate the space and provide a larger library for the residents of Coalville. The library is located at 85 North 50 [...]

Full Moon Snowshoe Hike, Park City, UT

Billie Harsch — Sun, 29 Jan 2012 19:32:38 +0000

The Annual Full Moon Snowshoe Hike will be held Saturday, February 4th starting at 5:30pm. Tickets are $20 and are available at the Park City Library. Snowshoes are available but participants are encouraged to bring their own. For more information contact Jillbette Kelly or Denise Carey at (435) 615-5819