Red Ledges has just released 8 models of The Cottages at Red Ledges. The Cottages are a limited collection of luxury homes, created in the spirit of authentic western living. The exterior design is bold with liberal uses of natural elements, including rugged stone, heavy timber and steelwork. Inside, a collection of five unique floor plans offers owners spacious living areas ideal for gathering with family and friends to enjoy this spectacular mountain setting.

The Home Designer is Kevin Price Designs, The Builder is GC Pacific, Inc. and the Interior Designer is Becky Price.

The current release models range from 2 bedroom/2 bath, 2,316 square feet to 5 bedrooms/5.5 baths with 4,263 square feet. Pricing is from $990,000 to $1,515,000.

Red Ledges is a four season community located about 20 minutes from Park City and includes a Jack Nicklaus Signature Course, an on-site Jim McLean Gold School, Cliff Drysdale Tennis Academy, equestrian center, and numerous other amenities.

For additional information on Red Ledges, or any other Park City golf community, please contact us at http://unlockparkcity.com

We are offering a Special Limited Time Offer for up to $1,000 off on your next Real Estate Deal when you buy or sell a property with Jim and Billie Harsch in Park City, UT.

Jim and Billie will pay up to $1,000 on your transaction when you use their services to buy or sell a property in Park City, Deer Valley, Glenwild, Tuhaye, Red Ledges, Promontory or the surrounding areas we service. Some restrictions do apply.

Contact us through our website at http://unlockparkcity.comor email directly to jim@jimandbillie.com or call (435) 615-6637.

Salt Lake City, UT recently was ranked #6 on the Forbes.com list of America’s Recession-Proof Cities. The median home price rose 2.5% from fourth quarter of 2006 through the 4th quarter of 2007. Unemployment was up slightly to 3.1% and key growth was in the education and health service areas at 5.5%. The state is creating jobs, but not as quickly as the labor force is growing.

The U.S. Conference of Mayors projected in November 2007 that Salt Lake City would be one of the few large cities in the country not to suffer a decline in gross metropolitan product from the mortgage crises.

Salt Lake City followed, Oklahoma City, San Antonio, Austin, Houston, and Charlotte.

The first quarter of 2008 has shown a bit of slowdown, and there are bargains to found.

Contact us at http://unlockparkcity.comfor all real estate information.

The remax.com site trails only Realtor.com in popularity among real estate sites on the Internet, according to the March rankings released by Hitwise, an online competitive intelligence service.

The remax.com site also ranked No. 2 in the Hitwise rankings for February, following a No. 4 finish for January. The site’s March market share of 2.85 improved on February’s 2.61 figure.

A Hitwise Top Ten Award has been presented to http://www.remax.com, based on the number of U.S. visits to the site in the last quarter of 2007. Remax.com is the most visited website of any real estate brokerage brand, averaging more than 2 million unique visitors per month. In addition, remax.com features a search engine with more than 90 percent of all homes and property for sale in the U.S. (including Park City, UT)….more listings than any other brokerage brand.

The Hitwise U.S. Top 10 Awards Program recognized the most successful U.S. websites in more than 160 industries. The awards single out excellence in online performance through public popularity.

For additional information about remax.com or Park City real estate, please contact us at http://www.unlockparkcity.com .

Credit Suisse and Promontory Club continue to try to come to some resolution on the issue of who will control the future of the development. Credit Suisse has sued the developers for not having fulfilled its obligations to the lenders. A recent court ruling did not provide the appointment of a receiver for Promontory Club as requested by Credit Suisse, however, it did not rule out the possibility of Promontory declaring bankruptcy in the coming weeks.

The FHA recently raised the conforming loan limit for Summit County, UT including Park City to $729,750. The higher mortgage limit rate makes the local Park City homes more affordable. This new limit is effective from April 1, 2008 through December 31, 2008.

For information on the Park City real estate market and a copy of our preferred lender list, please contact us at www.unlockparkcity.com.

The Rocky Mountain Resort Alliance (RMRA) recently released Full Year 2007 Real Estate statistics for the major ski resort towns including, Park City, Aspen, Vail, Whistler, Jackson Hole, Telluride, Sun Valley, and Steamboat.

Park City moved up to second in Gross Sales Volume with close to $2.0B, trailing only Vail with $2.6B. Park City Sales were up 4% over 2006, while Vail was up 7%. Steamboat and Whistler had the greatest increases, with both achieving growth of over 30%.

Aspen had the highest average sales price per single family home (including 2 home sales over $23M), followed by Telluride, Telluride, Whistler, Vail and Park City. The average single home sales price in Park City was $1.1M. The average single home price in Park City increased 14% while prices in Vail increased 22% over 2006. Park City home prices were 23% less than Vail, 41% less than Jackson Hole and a whopping 62% less than Telluride.

Aspen also had the highest price per condo, followed by Telluride, Vail and Park City. The average condo price in Park City was $878k, an increase of 33% over 2006.

For more information on the market, or properties in the Park City area, please contact Jim and Billie at www.unlockparkcity.com.

The Promontory Club in Park City, UT has reached a tentative agreement with a group of investors led by Credit Suisse to sell its operating and development companies to the Swiss investment group.

Pivotal development group, which owns the Promontory Club, expects the deal to close in February. The price has not been announced.

Promontory Club is planned to include about 1,924 units on 7,000 acres. It has sold about 800 homesites and currently has a Pete Dye and a Jack Nicklaus golf course completed.

For information on real estate at Promontory Club, or anywhere else in Park City, please see www.unlockparkcity.com.

“Time” magazine recently charted the U.S. Population Grown by State for 2007. Utah ranked #3 with growth of 2.6% and had the fasted growing work force and nation’s second lowest unemployment rate.

Only Nevada (2.9%) and Arizona (2.8%) had higher growth rates than Utah for 2007. Rhode Island and Michigan both recorded drops in population.

For information on the real estate market in Park City, please visit us at www.unlockparkcity.com.