February 2013

There are 4 blog entries for February 2013.

Park City Real Estate Market Update 2013

If you were waiting for the market to hit bottom here in Park City before you made your move into the market you missed it...sorry...

The bottom of the market is clearly in the rear view mirror as evidenced by the year we had in 2012. Low inventory, multiple bidders, higher prices and a shrinking of distressed sales all indicate that we turned the corner and are now in an ascendiing market.

If you are interested in buying a Park City property, all is not lost, there are still deals to be had and interest rates are low, but the competition is fierce and frankly, time is not on your side.  Prices have not risen in all areas, but given current activity and inventory levels it is evident that prices are going to

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The Swaner Eco Center and Nature Preserve

In the Park City area, we are blessed with breathtaking views, abundant wildlife, extensive trails and the open spaces to enjoy them on. 

After living for over thirty years in the Park City area, I’ve learned that there can be a balance between the vital preservation of open space and the needs (or at least the demand) of the many people that want to move into this area.    Certainly, there are people that would love to never see another home or condominium under construction again- but almost everyone can agree that open space is a good thing for the area. 

The Swaner Nature Preserve is a 1200 acre parcel, permanently preserved as open space and located in the area known as the Snyderville Basin.  The

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Looking for a quiet yet convenient four seasons Deer Valley retreat? 

The Deer Lake Village townhomes are located just outside the main access point to Deer Valley Ski Area and minutes to Main Street Park City.  Deer Lake Village offers the easy, hands off type of ownership you expect with a townhome, but open space is plentiful and units are surrounded by trees and common area.  The townhomes really live like homes with private patios and garages.  Views vary within the project, with some units having direct, south facing ski area views, others with still pleasant but filtered mountain views.

In the winter, the location provides easy access to skiing at Deer Valley- about one minute either in a car or shuttle from the base of Deer Valley.   The

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A year ago, changes in the market were just becoming noticeable– a new pattern of scarcity that spread from neighborhood to neighborhood.  Buyers were finding fewer choices in their house hunting searches, and even facing competition for the better homes. 

Today, it’s obvious there’s a new market that favors home sellers, and even the buyers in seemingly complete denial of the new  market  dynamics have to face reality—either pay a fair price now, or pay more later. 

I haven’t forgotten about the tough lessons of a few years ago, and don’t have a blind, “things can only go up” outlook.   However, based on the demand for this neighborhood and Park City real estate in general, I do believe we have some strong years ahead. 

Adding to the scarcity and

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