http://parkcityjournal.com/realestate Thu, 02 Oct 2008 17:32:05 +0000 http://backend.userland.com/rss092 en Park City’s Leadership 14 class, Recycle Utah and the Environmental Club at Park City High recently concluded a special week of events that raised the awareness of the harmful effects of plastic bags. The groups drafted an ordinance they originally hoped would ban the use of one-time plastic bags in Park ... http://parkcityjournal.com/realestate/2008/10/02/143/ Most expensive home on the market in Park City, UT -- $28 Million The market for the average priced U.S. residence may be soft, but the über rich (especially the Russians) continue to drive prices up at the very top of the world’s luxury market. Case in point -- Villa Léopolda, ... http://parkcityjournal.com/realestate/2008/08/13/russian-billionaires-purchase-of-french-villa-sets-new-world-record-for-most-expensive-home-750-million/ Come out to the Park City Area Showcase of Homes and see 15 or more beautiful homes on display.  The dates for the showcase are August 23 - 24, August 30 - 31 and September 6 - 7.  The hours are 10AM - 7PM on each of those dates.  Over $10,000 ... http://parkcityjournal.com/realestate/2008/08/12/park-city-announces-its-park-city-area-showcase-of-homes/ ORLANDO, FL - Jim and Billie Harsch of (RE/MAX Mountain Properties in Park City recently returned from attending the top educational opportunity offered in the real estate industry, the STAR POWER® Annual Conference. Presented by internationally acclaimed educator and trainer, Howard Brinton, this Conference brought together over 1,500 of the most ... http://parkcityjournal.com/realestate/2008/08/07/park-city-realtors%c2%ae-attend-conference-with-top-real-estate-minds-in-the-country/ H.R. 3221, the Housing and Economic Recovery Act of 2008 was recently signed by President Bush and provides first-time home buyers a $7,500 tax credit for the purchase of a single family home, townhome, or condominium before the end of next June, when it expires. The National Association of Home Builders ... http://parkcityjournal.com/realestate/2008/08/02/new-tax-credit-for-first-time-home-buyers-in-park-city/ The U.S. Bankruptcy Court for the District of Utah recently granted the Promontory Club in Park City, UT an extension of time until October 31, 2008 to file a bankruptcy plan. The ruling also covered; • Approved the rejection of three cabin leases • Required the Property Owners & Members Group to ... http://parkcityjournal.com/realestate/2008/08/02/136/ The Park City Board of Realtors statistics for the First Half of 2008 indicate that Gross Sales Volume was down to $610M, a decrease of 39% from the same Half of 2007, prices increased 8%. Gross Sales for Single Family Homes were $260M, down 45% from 2007 and prices were approximately ... http://parkcityjournal.com/realestate/2008/07/07/park-city-real-estate-first-half-2008-statistics/ On July 3rd, 2008, Judge Judith Bolden of the Utah Bankruptcy Court approved the Pivotal DIP (Debtor in Possession) Financing Plan for $25 Million in interim financing for The Promontory Club. Credit Suisse, Wells Fargo and the Promontory Owners Management Group all objected to the Plan. The day before the ruling, ... http://parkcityjournal.com/realestate/2008/07/06/pivotal-financing-approved-for-the-promontory-club-in-park-city-ut/ The U.S. Bankruptcy Court for the District of Utah was to issue an opinion on the $25 Million Pivotal DIP Financing proposal today, however, the parties asked Judge Boulden to delay announcing her decision until July 3rd. In the meantime, the parties will try to negotiate a Credit Suisse Loan ... http://parkcityjournal.com/realestate/2008/06/26/financing-still-undecided-for-the-promontory-club-in-park-city-ut/ This has not been a good week for interest rates. The conforming 30 year fixed rate has moved from 6.125% at the beginning of the week to 6.50% as of today. The primary reason is fear of inflation. The bond market hates inflation, because it erodes the effective yield earned ... http://parkcityjournal.com/realestate/2008/06/13/buy-now-in-park-city-interest-rates-are-on-the-rise/