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 .

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

Now available is a Luxury Home “Best Buy” in the exclusive Bald Eagle Club at Deer Valley, the #1 Ski Resort in North America, in Park City, UT. The home is over 12,000 sq. ft. with 8 bedrooms and 12 bathrooms, inside basketball court and features master craftsmanship and artistry with spectacular ski area views. The home originally sold for almost $12M and has been listed at $10.25M, reduced to $8.75M, and now just $6.990M.

The Bald Eagle Club real estate market has been very active in the past year with 5 sales ranging from $4.3M (bank-owned) to $10.3M. There are currently 5 homes available priced from $5.2M to $9.95M.

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 .

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

We were fortunate to recently have a wonderful dinner at The Beach House in Poipu, Kauai. The sunset views were spectacular, and the Pacific Rim Cuisine was excellent. The service was very attentive and special. We would certainly whole-heartedly recommend the experience and hope to dine there again before we leave. For additional information and reservations visit www.the-beach-house.com

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.

Now available is a Luxury Home “Best Buy” in Glenwild, the Number One golf course in Utah, Park City, UT. This home is a great value, with amazing panoramic views and is sited close to the 3rd green. The home is an Adirondack style and is ADA friendly with an elevator that provides access to all floors. Featured is a professional kitchen, home theatre with pool table, 4 bedrooms, 5 baths in 5,580 sq.ft. with a wonderful outside entertaining area. This home is currently priced at $2,395,000 and is subject to third party bank approval.

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 .

The Historic Washington School House building will reopen soon as a hotel with 12 guest rooms and 12 staff members. The House was originally built in 1889 and is one of Park City’s oldest buildings and has been totally renovated to be a Hotel, featuring very personal service. Located at 543 Park Avenue, it is a short walk to Old Town Main Street. Guests can book single rooms, a penthouse suite. or set up special accomodations. For additional information visit http://www.washingtonschoolhouse.com

The Ski Area Citizens’ Coalition, a non-profit organization based in Colorado, released its annual report outlining he environmental practices of all the resorts in the country. Resorts are graded on habitat protection, watershed protection, environmental policies and practices, and addressing global climate change. Both Deer Valley and Park City Mountain Resort were ranked in the top five and received overall grades of “A”, while Canyons received an overal “B” grade, though they did receive strong marks in environmental policies and practices. All resorts have active programs in place to improve their enviromental policies and practices.

A conservation easement, to protect the property from future development, has been received for the 1,268 acre Hi-Ute Ranch at the entrance to Park City, UT. The Snyderville Basin Open Space Committee (BOSAC) signed a deal to purchase the property from the Bruehner family for $4 Million. The preservation of of the Ranch has been a priority for the group due to its abundance of wildlife and sensitive land. The purchase was made possible by the Open Space Bond the Summit County residents approved last year. Located south of I-80 near Kimball Junction, the property will extend three miles south to Murdoch Peak.