Significant Sales - week ended 11/3/2017
I have just posted a separate uncategorized post - "New York, New York, what a wonderful town" - to report on the acquisition of 2,300 acres next to the Deer Valley Resort which I believe is extremely significant for Park City's real estate future. In this post, I'll just highlight some significant new listings and sales from last week. There were 44 pended sales reported by the Park City Multiple Listing Service in the week ended 11/3/2017. 41 closings and 53 new listings were reported during that week.
Single Family Homes: With 30 new single family home listings and 19 pended sales, I focused on the hard to find values that show up at this time of year before the visitors arrive. A new listing at 14 Prospect Ave in Old Town is about as rare as listings get. This 1,410 SF, 3 bedroom, 2 bath home built in 1905 perched above Main Street has fantastic Old Town views and is an easy walk to everything on Main Street. Priced at $825,000 ($585/SF), this home is a great place to finish your first novel http://www.tourbuzz.net/public/vtour/display/904890?idx=1#!/ . A new listing at 14 Marilyn Ct in the Eagle Pointe neighborhood in Park Meadows is sited on 6.12 acres with panoramic views overlooking the entire Snyderville Basin. This 6,350 SF, 5 bedroom, 6 bath home was built in 2007 by one of Park City's finest builders and was remodeled in 2013. Well priced at $5,585,000 ($864/SF), this is a unique family home http://www.spotlighthometours.com/tours/tour.php?tourid=102965&mlsversion=1 . A home listed last week in the Midway area at 290 Lady Bank Lane reminded me of what great values are still available in the Heber Valley. This 2,373 SF, 3 bedroom, 3 bath rambler built in 2014 is priced at $550,000 ($232/SF) http://www.tourbuzz.net/public/vtour/display/902694?idx=1#!/ . My vote for single family home sale of the week goes to 10680 N Summit View in Deer Crest Estates. This 11,803 SF, 6 bedroom, 9 bath home built in 2011 was priced at $5,800,000 ($491/SF). this ski-in/ski-out residence features Jordanelle views and has all the bells and whistles. This is a Buyer with perfect timing http://www.tourbuzz.net/public/vtour/display/681994?idx=1#!/ .
Condominiums: There were 15 new condo listings and 18 pended condo sales last week. A listing at 544 Rossie Hill Drive in the Silver Pointe subdivision in Old Town feels more like a single family home. Built in 2002, this 1,623 SF, 3 bedroom, 4 bath property is sold furnished and has great nightly rental potential. It even has an over-sized 2 car garage and is well priced at $1,075,000 ($662/SF) http://www.spotlighthometours.com/tours/tour.php?tourid=103433&mlsversion=1 . In Deer Valley, a 1,500 SF, 2 bedroom, 3 bath, unit # C-13 at the Powder Run condos in lower Deer Valley was listed at $865,000 ($577/SF). Built in 1985 and recently remodeled, this one level property is an easy walk to the Snowpark base and has excellent nightly rental potential http://www.spotlighthometours.com/tours/tour.php?mls=11704416&state=UT . The luxury condo listing of the week is Unit # 241 in the Black Diamond Lodge located slope-side at the base of Deer Valley Resort. This 3,924 SF, 4 bedroom, 6 bath penthouse built in 2001 is priced at $4,190,000 ($1,068/SF) http://www.spotlighthometours.com/tours/tour.php?mls=11704437&state=UT . A condo featured in last weeks post as a "hot buy" went under contract after only 4 DOM. Unit # 170 at the Payday condos in Old Town was listed for $737,000 ($382/SF) http://www.spotlighthometours.com/tours/tour.php?tourid=103342& mlsversion=1&reloaded=true . 6 of the 18 condo sales showed less than 10 DOM and only 5 had over 50 DOM.
Vacant Land: With 8 new lot listings and 7 new lot sales, the activity was way out of town with no lot priced over $1 million.
