Significant Sales - week ended 11/24/17
After our first real snow storm allowed Park City and several other resorts to open, mother nature decided it was time for a last helping of Indian summer which gave us a beautiful Thanksgiving day and weekend. Park City restaurants pulled out all the stops and large crowds visited Main Street to put a new meaning in "shop local". Norwegian based Helly Hanson opened it's first retail store in Utah joining Main Street ski retailers at the Parkite Building at 347 Main Street. Charity was a big winner this Thanksgiving with the announcements that "Live PC, Give PC" had exceeded its goal of raising $2 Million for local non-profits and that the Park City Board of Realtors had met its 2,500 turkey goal. Many other charitable projects such as "Shop with a Cop" are now in motion for the Holiday season. It was announced last week that the Waldorf Astoria Park City in the Canyons Village was named the best ski hotel in the U.S. and one of the top three best ski hotels in the world at the World Ski Awards ceremony in Kitzbuhel Austria. There are currently 12 units listed for sale at the Waldorf ranging in price from $399,000 to $1,900,000. These properties continue to provide excellent rental results for their owners, many of whom own multiple units. There were 27 pended sales reported by the Park City Multiple Listing Service in the week ended 11/24/17. 18 closings and 42 new listings were reported during that week.
Single Family Homes: There were 18 new single family home listings last week, but the luxury homes listed were homes that have been on the market in the past and have been relisted after being on vacation long enough to qualify as new listings. There were 16 single family homes pended last week and two homes in Old Town that have been on the market for over 4 months were sold after recent price adjustments. 99 King Road in Old Town is a 1,385 SF, 2 bedroom, 2 bath home originally listed at $1,175,000 ($848/SF) and reduced to $998,000 ($721/SF) this month. This home was built in 1972 and remodeled in 2014 http://www.tourbuzz.net/public/vtour/display/806122?idx=1#!/ . 961 Norfolk Avenue in Old Town is an 1,812 SF, 3 bedroom, 3 bath home built in 1997. This home was originally priced at $1,450,000 ($800/SF) and sold after a price reduction to $1,325,000 ($731/SF) http://www.tourbuzz.net/public/vtour/display/803970?idx=1#!/ .
Condominiums: There were 17 new condo listings last week, but 8 of those listings were re-releases of developer units at 205 Main Street and the Lift project now under construction in Canyons Village. A resale at 3732 N. Vintage East Street, Unit #8 at the Vintage on the Strand project in Canyons Village is a 1,467 SF, 2 bedroom, 2 bath, ski-to/ski-from property built in 2007 with excellent rental potential and is priced at $899,000 ($613/SF) http://www.spotlighthometours.com/tours/tour.php?mls=11704603&state=UT .
Vacant Land: With only 7 new listings and 4 pended sales, it was a slow week for the lot market.
