Significant Sales - week ended 10/13/17
Just as the days are getting shorter, the real estate activity justifies a shorter Blog post. In a quiet week I looked for new listings and sales in areas that don't get mentioned often. There were 54 pended sales reported by the Park City Multiple Listing Service in the week ended 10/13/17. 37 closings and 56 new listings were reported during that week.
Single Family Homes: Glenwild is a smaller gated golf community that rates high on quality. The Tom Fazio championship golf course has been rated as the #1 course in Utah, the clubhouse is among the best, and privacy and views can't be beat. A new listing at 1333 Snow Berry Street is an unusual home on a 2.69 acre well located lot that provides Wasatch Mountain ski area views. This 8,118 SF, 5 bedroom, 7 bath home built in 2009 is priced at $3,595,000 ($443/SF) http://www.tourbuzz.net/public/vtour/display/891503?idx=1#!/ Another gated golf community that has made huge strides in the past several years is Victory Ranch. Amenities include an 18-hole Rees Jones designed golf course, world-class fly fishing, trails, new clubhouses and dining, and a fitness center. A new listing at 7505 N. Victory Club Drive, Unit #287 is a rare water view cabin with views of the Jordanelle and Deer Valley ski runs. This 3,226 SF, 4 bedroom, 4 bath home was completed in 2016 and is priced at $2,495,000 ($773/SF) http://www.tourbuzz.net/public/vtour/display/889707?idx=1#!/ . In last weeks post I mentioned a new listing at 2280 Bear Hollow Drive that was priced to be a special value. That home was put under contract after only 5 DOM - a demonstration of the power of proper pricing. Another sale last week in a location that is sometimes overlooked was a home at 11289 Snow Top Road in Deer Crest. This 8,281 SF, 6 bedroom, 7 bath home on .87 acres features expansive mountain views, high tech features and was sold furnished. It was listed at $7,375,000 ($891/SF) tours.zenpro.co/public/vtour/display/874045?idx=1#!/ .
Condominiums: With only 9 new listings and 23 pended sales, it was a quiet week in the condo market. A new listing at 1000 Park Ave, Unit #B204 in the Town Pointe project in Old Town will attract attention going into the ski season. Priced at $1,074,500 ($646/SF), this 1,664 SF, 3 bedroom, 3 bath property built in 2002 has excellent nightly rental potential http://www.tourbuzz.net/public/vtour/display?idx=1&mlsId=257&mlsNumber=1485330 . Looking at the 23 new condo sales last week, only one sale was over $1 Million and all of the sales under $1 Million were under $500/SF.
Vacant Land: One new lot sale that caught my attention was a rare lot at 11343 Snow Top Road in Hidden Hollow. This 10.26 acre lot is one of only 5 large estates in an 81 acre enclave within the gated Deer Crest community at Deer Valley Resort. Priced at $1,200,000 this was an excellent purchase. http://www.spotlighthometours.com/tours/tour.php?mls=11703167&state=UT .
