Year End Park City Real Estate Market Pulse
Yes, it's that time again. The star studded Sundance Film Festival is a fabulous opportunity to step out into Park City, looking and feeling expensive and luxurious to part in first run movies, movies by new directors and writers and storytelling like available nowhere else. Is there an Oscar Winner out there? Maybe. But you'll never know if you don't watch. Don't forget to attend the parties too!
I'm not a movie afficianado, I had chose one movie in each category I would like to see. Not necessarily for the artistic value but just because.
See below for links to the different Sundance Film Festival 2016 categories AND movies that look interesting...
Goat - Just on the name you have to wonder if it's worth a watch, plus Nick Jonas is in it!
Bad Kids - One person making a huge difference in kids lives
This morning I saw a story KUTV posted about the concern of Real Estate prices rising because of "Vailienation" - meaning Vail's coming to town has caused Real Estate prices to rise and has priced out many of our locals. The story brought out quite a few negative comments about the growth.
Yes, Vail coming to our ski town has changed things. Park City Utah is different from when I moved here 9 years ago, but it was also different in 2006 than it was when I first skied here in 1978 too. Growth happens. Anytime you have a super desirable place to live, people find out about it and it changes.
Talk to your parents and grandparents about how things were at the beaches in California 20 or 30 years ago. My husband's parents tell stories of how they could have purchased land at Jamboree and Pacific Coast Highway - prime land in Newport Beach- for $49,000 in the 70's when it was an orange grove. Things change. I grew up in Las Vegas back in the day where the Mob ruled, traffic was light and the town was relatively small. Not the same place it was when I lived there either. Things change.
Has it really changed our real estate values? Sure. Areas that are close to the resort like Old Town in Park City proper or The Colony at Canyons - now known as Canyons Village at Park City, Park Meadows and a few more have really jumped in the last year or so and you will find homes in those areas valued at $100,000,000 to upwards of $500,000,000. But, did you know that homes under $500,000 are still available? Condos are available under $300,000? You may not be able to walk to the lift, your drive to the resorts may be 6-10 minutes.
Upper Mountain Ranch with breathtaking, unobstructed views of Canyons ski resort. Beautiful architecture with a family friendly floorplan while offering rustic but luxurious finishes. Wonderful entertaining home with large great room, front deck and rear patio. Theatre room in the expansive lower level with billiard room, wine cellar and wet bar. 5 bedroom, 4.5 baths , with two office/flex spaces. Designer features include Wolf appliances, hardwood floors, massive great room stone fireplace. Granite and a generous use of stone throughout with bronze and glass tile accents. Trails right outside your door. Minutes from all 3 ski resorts. Buyer to verify all information to their satisfaction.Call me for more information
Equity Real Estate Luxury Group
For many decades, Hollywood has made box office gold creating comic films about the hilarious possibilities that nightmarish house remodels present: from Mr. Blandings Builds his Dream House to The Money Pit (and even Under the Tuscan Sun), audiences delight in the shifty tradesmen and rotting timbers that define the genre.
If you’re an energetic Do-it-Yourselfer without much remodeling experience, Job One is to gather professional opinions to minimize the likelihood of costly discoveries. But before you even get that far, there are some general concepts that veteran turnaround investors know. These are disqualifiers that make it much more likely that buying a home in Park City Utah will be a shrewd investment instead of dollar demolisher.
Bad house, bad neighborhood
Is it worth buying a fixer-upper in a rundown or otherwise somewhat undesirable neighborhood? It can be tempting—especially when the asking price makes buying such a home a seemingly unbelievable value. But ignoring the ‘location, location, location’ truism is risky business. In many cases, such an investment may yield a diamond in the mud—a renewed structure that will never rise in value until the whole neighborhood rises in value (which could be never). Safer choices will be found in neighborhoods that don’t need remodeling themselves.
Buying a home in Park City Ut—especially when the neighborhood is fine and the price is more than right—can give rise to overly emotional decision-making. It can be tempting, when a property is almost okay, to make an instantaneous decision…but if you find yourself making excuses for this or that drawback, or finding yourself indulging in a bit of wishful thinking here and there, take a breath! Hopeful eyes may easily transform to...
P R E S S R E L E A S E
FOR IMMEDIATE RELEASE:
July 23, 2014
For further information, contact Park City Board of REALTORS®
Park City, Utah – July 23, 2014 –
The number of closed sales in the Greater Park City Area dropped 9% in the second
quarter of 2014 compared to the same time period last year, according to the Park City
Board of REALTORS®. Though there were 39 fewer sales this year (single family,
condominiums and vacant land), median prices continue to trend slowly upward in
By property type, single family homes had the least activity in Q2. The number of single
family home sales within Park City Proper was down 29% compared to the second
quarter in 2013. Both Snyderville Basin and Heber Valley were down 9%, and Kamas fell
6%. Yet pricing in most areas is climbing at a gradual pace. The median price for a single
family home within Park City Proper is $1,675,000 (up 36% over Q2 of 2013). The
median sales price for a single family home in the Snyderville Basin area is rising at a
slower pace, but is still up 8% over 2013 to a median sales price of $755,500. The
Jordanelle area saw the highest price increase, reaching $885,000 (up 48%). “We are
seeing buyers at different ends of the spectrum. Some have expendable income or cash
and don’t mind paying for a new product they like. Others are more cautious and
resistant to price increases,” says President of the Park City Board of REALTORS®, Marcie
Davis. Single family home prices remain relatively flat in both the Heber Valley with a
median price of $359,150 and the Kamas Valley with a median price of $268,460.
FRIDAY, JULY 4, 2014
7:00 am • Pancake Breakfast in City Park
$7 adults, $5 kids 12 and under.
11:00 am • 4th of July Parade • Main Street, Park City
Famous 4th of July Parade with over 70 floats celebrating Park City's Historiy
10:00 am - 9:00 pm • Celebration in City Park
Rugby games, live music, Rotary BBQ, beer garden, and children's...
Vail stated their intent would be to keep most of PCMR's employees and still allow Camp Woodward to be built and operated. Tension has been high in our little ski town since this lawsuit has been initiated. We as a community are torn between keeping the quaintness and history of Park City Mountain and creating a destination resort like Whistler/Blackcomb or Vail/Beaver Creek.
What is best for Park City? What is best for tourism ( pretty much everyone's livelihood)?
View the Park Record article below. Feel free to comment.
For all of your Park City Ut Real Estate needs please contact me at 435-731-0803 or firstname.lastname@example.org...