Significant Sales - week ended 12/29/17
As 2017 comes to a close, it's time for a change in reporting what's new and exciting in Park City area real estate. A front page article in this weeks Park Record entitled "PCMR OWNER CARVES TOWARD A DEVELOPMENT " discussed Vail Resort's announcing that it has started a search for a developer for the base area of PCMR. The idea for an enhanced base area would include city and community priorities including more parking, traffic and transit improvements, employee housing and significant tax revenue generation for the school district and the city. Combined with the re-imagined, scaled back version of the Treasure project discussed in recent posts and the Kings Crown project along Lowell Avenue, the total impact of new development in Old Town is difficult to predict. Combined with the transformation of the Canyons Village area and the expansion of Deer Valley under new ownership, it is obvious that New Park City is rapidly replacing Old Park City. At the same time, the Heber Valley is undergoing a similar transformation. My format of discussing standout individual new listings and sales has become outdated. Today's story is now better told by discussing new project opportunities prior to and during construction. Toward that end, 2018 will feature posts more like my uncatagorized 2017 posts. In the final week of significant sales data, there were 39 pended sales reported by the Park City Multiple Listing Service. 27 closings and 22 new listings were reported in the week ended 12/29/17.
Single Family Homes: With only 9 new listings and 12 pended sales, my vote for best in show is a new listing at 2774 Silver Cloud Drive in the Fairway Hills neighborhood in Park Meadows. This 5,857 SF, 5 bedroom, 6 bath home built in 2003 and remodeled in 2015 is well priced at $2,775,000 ($474/SF). This home combines a convenient in-town location with great views and solid construction. http://www.spotlighthometours.com/tours/tour.php?mls=11704967&state=UT .
Condominiums: There were 10 new Park City condo listings and 13 new sales last week. 4338 Willow Draw Road, Unit # 1107 at the Juniper Landing project at the Canyons is a 1,606 SF, 2 bedroom, 3 bath townhouse built in 2008 and priced at $895,000 ($557/SF). http://www.spotlighthometours.com/tours/tour.php?mls=11704917&state=UT&reloaded=true . The Jupiter Landing project has enjoyed great success and new phases of the project recently completed or under construction are available at $611/SF - $791/SF.
Vacant Land: The last phase of The Colony is scheduled to be released next month and will be the luxury lot news of 2018.
