Park City Real Estate and Community News

Oct. 7, 2010

Red Stag Lodge Deer Valley Bank Owned Condos

Attention Deer Valley Condo Bargain Hunters!

Amazing Opportunity for Bank Owned Condos a Snowballs throw from Deer Valley Resort: The Best Inexpensive Deer Valley property you have never heard of...

Red Stag Lodge Condos Are Bank Owned Now...

The Red Stag Lodge was  built in 2002 as a small european style luxury hotel with 11 separate apartments.

Located steps away from Snow Park Lodge (with shuttle and bus service just outside the door) it is a lovely building with surprisingly luxurious and extensive common area amenities and a location that is irreplaceable.

Red Stag Lodge Deer Valley Location

Location is a term overused in real estate, but in this case it means everything. This is truly a walk to skiing at Deer Valley property. Yes, the same Deer Valley that was just voted North America's best ski resort for the  fourth year in a row. Also, it is walk to concerts in the summertime!

Foreclosures: Deer Valley Condos

There are currently 5 bank owned fully furnished two bedroom units with private decks and hot tubs. That is 5 as of today, but these may not last long since they are priced $300,000 less than two bedroom units next door in Powder Run.

Red Stag Lodge Amenities

New owners of these units will take advantage of the building's common areas, including a work out room, spa, steam room, sauna, as well a small dining room and kitchen.

Rare Deer Valley Foreclosures--Act soon or miss out!

This is truly one of those opportunities that come along once in a very great while in Deer Valley.

Here is a link to the real-time available Red Stag Condos for sale in Deer Valley

If you are at all interested you must contact us today at 435-714-0909.


Aug. 13, 2010

Park City Utah Luxury Home Auction

Park City & Deer Valley Estate Home Auction

On the heels of their two previous successful auctions in Deer Valley, Utah this year (Silver Strike Deer Valley Auction and Lookout Deer Valley Auction), Accelerated Marketing Partners (AMP) will be holding a Sealed-Bid Auction for 11 Luxury Park City Estates.

Park City Estates Sealed Bid Auction

The sealed-bid auction for the 11 luxury homes located in some of Park City and Deer Valley, Utah's most exclusive neighborhoods will be held on August 27th.

The sale is comprised of nearly $80 million worth of one-of-a-kind estates, each complete with an array of amenities more commonly found in the most highly-appointed residences of the Hamptons, Montecito and Monte Carlo.

Several of the homes feature ski-in/ski-out access at Park City's acclaimed ski resorts or are located in exclusive golf communities.

The estates are being sold by motivated individuals ready to commit to the highest bidder through a transparent buying process with published reserves; these reserves range from $1.495 million to $15.875 million and are up to a 54 percent slash in price.

Park City Auction Minimum Bids:

Published reserves for August 27th sale range from $1.495M to $15.875M.

“As the nation’s largest sealed-bid, published reserve auction, this watershed event offers a once-in-a-lifetime opportunity for prospective buyers around the country to purchase preeminent mountain homes at unbeatable prices,” said Ken Stevens, west coast CEO and co-founder of Accelerated Marketing Partners, a national, full service real estate marketing firm that has conducted high-end new development auctions around the country.

All 11 estates being offered at the August 27 sealed-bid auction are available for immediate occupancy.

The properties are...(drum roll please)

DeerField Estate, Deer Crest Deer Valley

This 15,000-square-foot estate,was previously the most expensive listed property in all of Deer Crest when it was taken off the market a year ago. DeerField Estate overlooks Park City and Jordenelle reservoir.  The home has seven master suites and 11 bathrooms, a private gondola for ski-in/ski-out access, indoor swimming pool, billiards, theater, family room with open truss cathedral ceilings and a wine room with 18th Century French cast-iron doors.

DeerField Estate has a published reserve that's a 54 percent slash in price from the previous asking price.

Deer Crest Home

This 9,657-square-footestate on 0.66 acres is situated on the Jordenelle reservoir view-side of Deer Valley® Resort and features six bedrooms and seven baths. There are multiple dining areas, radiant heated floors, and the estate is fully landscaped with terraces, patios and decks.

Deer Crest has a published reserve that's a 19 percent slash in price from the previous asking price.

The Colony at White Pine Canyon

Nestled among the Aspen trees along the ski slopes of The Canyons Resort®, this 7,000 square-foot fully-furnished estate on 6.24 gorgeous wooded acres is located within The Colony, a gated ski-in/ski-out  community.  The home features six bedrooms and eight baths, an open-showcase kitchen, five stone fireplaces, a wine cellar, and a state-of-the-art theater system.

Published reserve is 32% less than previous list price.

Promontory

Located in Park City's exclusive Promontory golf community, this 8,224-square foot estate on 2.5 acres features six bedrooms, six full baths and two half-baths. There is a home theater with a trestle wood ceiling, wood mantles carved by a local sculptor and a wine closet with custom mahogany racks as well as a separate upper level apartment for guests that is complete with kitchen, sleeping quarters and bath.

Promontory has a published reserve that is a 31 percent slash in price from the previous asking price.

Old Town Park City

This newly built 4,400-square-foot estate is situated in the heart of Old Town Park City, conveniently located a few feet from Park City’s Historic Main Street and the Town Lift.  This spacious four-bedroom and six-bath home includes four custom stone fireplaces, a master suite with a home office area and a private elevator to service the living spaces, as well as an oversized three-car garage.

The published reserve for this estate is  is 33 percent slash in price from the previous asking price.

Tuhaye Home

1.88 acres of hillside land and surrounded by open space and scrub oak with incredible views of the Jordanelle reservoir, Deer Valley® Resort, Mt. Timpanogos and O’Meara golf course. This 7,000-square-foot estate includes six bedrooms and eight bathrooms. Additional amenities include seven fireplaces, a media room, wet bar and a gourmet kitchen with a wine room.

Tuhaye has a published reserve that's a 22 percent slash in price from the previous asking price.

Knoll Estate

As part of Deer Valley's Knoll Estates, an exclusive gated community located in Silver Lake Village, this 7,218-square-foot estate has six bedrooms and five baths. The home also features five fireplaces, gourmet kitchen, ski prep room, fitness room with sauna and hot tub, attached two-car garage, and heated walkways and driveway.

Knoll Estate has a published reserve is a 30 percent slash in price from the previous asking price.

The Lookout

This new 5,866-square-foot estate at upper Deer Valley® Resort offers spacious mountain living and is located within minutes of Silver Lake Plaza via a private shuttle service. The home features five bedrooms, 5.5 baths, an elaborate gourmet kitchen, stone fireplaces, vaulted beam ceilings, oversized decks, and a spacious two-car garage.

The Lookout has a published reserve that is a 54 percent slash in price from the previous asking price.

Old Town Park City

Just an easy walk from the renown Park City’s Main Street and Park City Mountain Resort® lift is this 3,100-square-foot home featuring three bedrooms and 2.5 baths, a fully equipped gourmet kitchen, two fireplaces, a home theater and a private outdoor hot tub overlooking Park City.

This Old Town Park City home has a published reserve which is a 23 percent slash in price from the previous asking price.

Midway, Utah

Located only minutes beyond Park City in breathtaking Midway is this 7,500-square-foot estate provides 360-degree views of Herber Valley, mountains, lakes, hot springs and golf course.  The home boasts soaring 23-foot vaulted ceilings, three bedrooms and baths, five rock wall fireplaces, two fully equipped gourmet kitchens and an attached guest suite and three-car garage.

Midway has a published reserve that's a 53 percent slash in price from the previous asking price.

Stag Lodge

With private Deer Valley® Resort ski-in/ski-out access, this 3,397-square-foot condominium is situated in the ideal mountain location.  The four-bedroom, five-bath home is luxuriously furnished and features four fireplaces, fitness room and outdoor pool, as well as clubhouse shuttle service.

Stag Lodge has a published reserve that is a 24 percent slash in price from the previous asking price.

Park City Estate Auction Deadline to Bid

Sealed bids must be submitted to Accelerated Marketing Partners no later than August 27th at 5:00 p.m. MDT.  Bidders may thoroughly view all properties prior to this deadline.

Want to Tour the Park City Auction Homes?

If you are interested in previewing any of the homes in person, please contact us immediately at Toll Free 877-838-2805 or email us at: auction@parkcityrealestateguide.com and we will make arrangements for your family to take a personal tour of the luxurious residence(s) that caught your attention.

Preview Minimum Bids Now!

For more information on the Park City estates sealed-bid auction, including the minimum reserve bids for the 11 available estates, please complete the form below:


When you submit your request, you will be directed to a page that shows all of the properties and their bid details.

Don't forget to check your email for your SPECIAL BONUS:

We will send you a link to the auction website where you can browse disclosure documents, floor plans, photos, virtual tours of the homes, inspection reports, etc...


Aug. 12, 2010

Park City Real Estate Sales Stats

Park City Real Estate Sales Volume & Unit Sales Up In Q2 2010

Sales dollar volume for the first half of 2010 continues to improve dramatically compared to the same time period of 2009.  For the period ending June 30, 2010, sales dollar volume was up 67% from 2009 at $543 million versus $324 million.

The number of sales is ahead 60% in 2010 over 2009 with 669 units closed compared to 415. These figures represent four consecutive quarters of improved sales throughout the Park City MLS.

Park City Home Sales Up...Inventory Down

Sales of single family homes increased 36% during the first half of 2010 compared to the first half of 2009. Inventory levels are now down about 15% when comparing this period to last year.

Sales have increased as prices have come down significantly.   The median price for a home within Park City limits for the year ending in June was $1,125,000, down 37% from the 2009 figure of $1,806,205.

Don't panic if you own Park City Real Estate...  The 37% decrease is a function of exactly which properties are selling, not necessarily an indication that your home is worth 37% less than last year!

Park City Condo Sales Way Up

The number of Park City, Utah condominium sales for the first half of 2010 increased 93% over 2009, due in large part to the success developers had reducing prices in areas like Empire Pass at Deer Valley (Deer Valley Auction and Flagstaff Liquidation Sale) which saw a virtual buying frenzy during the first half of 2010.

Buyers were able to purchase brand new ski in ski out properties for up to 40% 0ff...  There are still a few of those great deals left if you are interested in ski-in/ski-out properties?

You can download the complete statistical wrap up of Q2 2010 here.

Park City Interest Rates Low

As interest rates continue to be very attractive and buyers secure great deals on their Park City dream property, our market seems poised to continue its recovery.

There are still great opportunities in the Park City area for buyers so if you are serious about getting a great deal, reach out and let us help you find yours!

Related Articles:

Park City Luxury Home Auction

Park City Best Buy World Cup

Park City Foreclosure Updates

July 24, 2010

Tuhaye Homes: Park City Utah Exclusive Golf Retreats

A Strong Summer Season for Homes at Tuhaye?

Tuhaye Golf Club, Park City, Utah

So far this year, 5 homes at Tuhaye have sold.

We listed a Tuhaye home last week, and it went under contract within a week!

That one is gone...

But if you are looking for a gorgeous mountain residence in Park City & Deer Valley's most exclusive gated golf community, take a look at 9381 Uinta Dr...

This stunning Tuhaye home (Reduced from original price of $2,850,000 down to $1,650,000 today!) listed by Keller Williams Park City Real Estate is perched atop an elevated 1.12 acre corner lot, and features dramatic mountain vistas.

Tuhaye Views Forever...Uinta Views from Tuhaye, Utah

Your views are preserved from Lot #30.

Future neighbors' homes will be nestled far beneath your inspiring views.

You'll love watching dramatic sunrises and sunsets over the spectacular Uinta Mountain peaks to the east.

Tuhaye Home Features Huge Great Room With Sunrise ViewsArtful Architecture at Tuhaye

Designed and built by renowned local Park City firm Jaffa Design Group, this one-of-a-kind residence was completed in late 2007.

The layout makes efficient use of the 4100 square feet of finished living area.   It's not the largest home in Tuhaye, but you're not paying for a bunch of extra space you don't need.

Generous windows throughout the home capture the spirit of the magnificent natural setting.

Extensive use of natural stone, timbers, and copper accents give the home a sturdy and authentic feel.

Designed to function beautifully as either a primary residence or mountain getaway...

The home features plenty of storage and closet space, including built-in cabinetry throughout.

Main-Level Living ~ Easy to Get Groceries from the Car to the KitchenTuhaye home for sale

The floor plan features a pair of main-level bedroom suites, including the master.  The other main floor bedroom suite features extensive built-in office cabinetry and makes an elegant study.

The rest of the main floor boasts a designer kitchen that's built for serious entertaining, a dramatic great room with huge views, stone fireplace and hearth...

Plus a formal dining room, laundry/utility/gift wrapping room, and easy access to the outdoor living areas.

Billiards Room at Tuhaye HomeGuests & Family Fun Upstairs

Ascending to the loft area...

You'll discover a flexible game room (could also be an office, library, or art/music area), a second family room with cozy fireplace, enveloping surround sound, and two additional bedroom suites.

The wet bar/refreshment area includes a Sub Zero refrigerator/freezer and a microwave.

The Finest FinishesLoft Entertainment Area in Tuhaye Home

Finishes are luxurious and appropriate for the exclusive location:

  • Walnut and travertine marble floors on the main level exude luxury
  • Granite and onyx slab counters and accents
  • Custom Venetian plaster and faux paint add warmth and richness
  • Hunter Douglas wood blinds and tinted windows provide protection
  • Lots of natural stone, and big timbers create an organic, authentic feel
  • Top-of-the-line appliances throughout the home
  • Fine fixtures, custom lighting, views from every room
  • Designer Furniture package available - price negotiable

Grand Chef's Kitchen with Gorgeous Appliances!

The generously-appointed kitchen boasts custom built-in furniture-style cabinets that bookend a muscular 48" Wolf dual fuel range with double oven, griddle, grill, and high capacity exhaust fan. Tuhaye Luxury Home Kitchen

  • Custom Alder cabinet panels disguise the massive Sub Zero refrigerator / freezer.
  • A whisper-quiet Miele dishwasher, wine refrigerator, and instant hot and cold reverse osmosis water system are classy but essential mechanical touches
  • The kitchen décor is enhanced by a farmhouse style copper sink
  • Large island provides ample surface area for food prep and includes a copper vegetable sink
  • A large walk-in dry-storage pantry is discretely hidden behind custom cabinetry to the left of the refrigerator
  • Electrical outlets hidden behind cabinets doors & drawers keep counters tidy

Tuhaye Home InteriorDining at Tuhaye:  Formal and Friendly Options

Residents have diverse seating options for dining. 

A large breakfast bar defines the kitchen area, and has seating for six.

For more elegant sit-down meals, a formal dining room is nearby, and showcases views of the Uinta Mountains and Tuhaye golf.

In summer-time, dine outdoors on the stamped concrete patio.

Tuhaye Master BathroomThis Tuhaye Home Has Incredible Bathrooms

The bathrooms in this gorgeous Tuhaye residence don't disappoint.  Each bach is uniquely and artistically designed.

Each bath features designer hardware, thoughtful lighting, distinctive natural stone surfaces. Exquisite Granite and Onyx counters were chosen to match the unique color palates of each bathroom.

The Master bath is a sanctuary that features a Kohler air jet tub in master bath with striking Onyx surround and gorgeous walnut cabinets (see photo left).

A striking Onyx shower with multiple shower heads features two windows.

Master Suite is a Serene Sanctuary

Conveniently located on the main floor, you'll find the master at the end of the home which creates plenty of privacy.

It's just the right size, and easily accommodates a king bed in front of the fireplace.

  • An elevated floor-to-ceiling stone gas fireplace
  • A hearth-mounted LCD television tilts for easy viewing
  • The huge master closet features built-in drawers, hampers, and plenty of hanger space so your wardrobe stays tidy
  • Convenient walk-out access to hot tub just around the corner on the patio
  • Vaulted Ceilings

Ski-Prep Room Defies Tuhaye Golf Course Location

You'll rarely find such a well-equipped ski-prep room off the ski-mountain, complete with custom wood lockers, and a huge walk-in coat closet.  This fantastic and functional entry/mud room connects the attached heated garage to the main living area.

Luxurious Laundry

A well appointed laundry room includes custom cabinetry, granite counters and plenty of room for wrapping gifts, folding laundry, etc.

You'll have to search for the high-efficiency Whirlpool Duet washer and dryer-they're discretely hidden behind cabinet doors.

Outdoor Living Area With Morning Sun & Afternoon ShadeNurture Meets Nature

Large Pella windows connect the luxurious indoor living area with the magnificent outdoor setting.

An expansive patio wraps the back of the home, and the sensible floor plan allows you to access the outdoor living area easily.

  • In the morning, sip your coffee in the sun and listen to the choir of birds in the Gambel oaks that dot the property.
  • In the afternoon, you'll love the shade the home provides--the patio is perfect for parties and a cool spot to relax after a day on Mark O'Meara's acclaimed course.
  • At night, you have direct access from the master bedroom to the Caldera hot tub.  It's protected under the roof-line, but open enough to appreciate the big night sky.

Garage Essentials

The three-car oversized (about 950 square feet) garage includes thoughtful touches:

  • In-floor drain handles winter snow, mud, and grime that drips from your cars.
  • Plenty of built-in cabinets keep your garage/workshop area tidy and organized.
  • For your cleaning convenience, you'll find a handy utility sink and hose bibs.
  • Tuhaye Home Features Sophisticated Audio/Video System Throughout the Residence

Dude, What About The Mechanical Systems?

  • Climate control is forced air-natural gas heat with air conditioning (two zones)
  • Alarm system installed for your security and convenience
  • Central Vacuum
  • Automated landscape sprinklers keep you landscaping happy while you're away
  • Pressurized fire suppression interior sprinkler system
  • Large-gauge Copper gutters and heat tape handle heavy snow loads in winter
  • Two 75 gallon water heaters, two furnaces, and humidifiers keep you comfortable
  • Recirculation hot water pump keeps water hot at every faucet--all the time!
  • Whole-house water softener decreases stains/hassles of mineral-rich water

Talisker Club

Best of all, the new owner of this home will have access to all of the amenities of the Talisker Club.

Related Reading:

Promontory Emerges From Bankruptcy Stronger Than Ever

Talisker Club Overview & Amenities

Red Cloud Deer Valley

Red Ledges Succeeds In Spite Of Tough Economy

Montage Deer Valley Hotel

St. Regis Deer Valley

Waldorf Astoria Dakota Mountain Lodge & Golden Door Spa

Posted in Golf
July 24, 2010

Old Ranch Road Park City Foreclosure

Park City Foreclosure Ranch

Here is a great property for you foreclosure seekers who want a great deal on a horse property off Old Ranch Road and aren't intimidated by a bit of a project.

Old Ranch Road Park City

Old Ranch Road is a throwback to the way Park City used to be... quiet and rural with an authentic western feel.

Old Ranch Road is known for its large flat parcels, easy access to Park City, and big-sky views.

You're as likely to see your neighbors riding horses as driving cars!

This new bank-owned listing is a 4.4 acre horse property on a paved cul-de-sac with spectacular views of the Park City mountains--and The Canyons Resort--which is about 3 miles away.

This is a 3500 sq ft single level home, built in 1996. The home needs some TLC, and the property could use  a landscaping makeover.

Why This Park City Foreclosure is a Great Deal...

A similar size parcel of VACANT LAND sold earlier this year for $727, 500!

Throw reproduction cost out the window--here's your chance to own a Park City home for less than the value of the land alone.

Other homes in the neighborhood range in price from $1.4 to $5.3 million.

This bank owned ranch is priced at $689,900...less than half the price of the next least-expensive home in the neighborhood which is also on 4 acres directly across the street from this property.

If you have the desire to own a mini-ranch within the Park City school district , minutes from world class skiing, you could pay more...or you could make this your family retreat in the mountains.

Want More Details About This Park City Foreclosure Ranch?

Send us an email to foreclosures@parkcityrealestateguide.com and we'll immediately send you a link to more pictures and details.

Posted in Park City
July 1, 2010

Bank Owned Timber Wolf Lodge Condo

Have you been searching for a 50% off deal in Park City? Or perhaps just interested in finding a great mountain retreat as an investment for your future?

This may be the answer...

Rustic Park City Condos at Foreclosure Prices

Looking for a newer Park City condo that feels like a cozy log cabin?

Timber Wolf Lodge is perfect if you like a heavy dose of wood in your vacation diet.  These rustic condos feature a dining room, living area, and kitchen on the main floor with two bedroom suites upstairs.

Timber Wolf Lodge Location

Timber Wolf Lodge is located near the base of The Canyons Resort.

The beautiful grounds feature a creek and mature trees. These ten year old units have underground parking and easy access to all Park City has to offer.  They are 35 minutes from the SLC airport and are sought after as a rental units.

Click here to see a map of Condos at The Canyons Resort.

Timber Wolf Lodge Foreclosures!

These two bedroom townhomes sold for $550,000 to $575,000 at the peak of the market.

A fully furnished bank owned unit in Building 6 was just reduced to $275,000...

...about 30%  less than other similar sized units on the market.

This condo is well positioned at the back of the complex (away from the noise of hwy 224) and is just under 1200 square feet.

Here are the bank-owned Timber Wolf Lodge details:

http://pcmls.com/Pub/EmailView.asp?r=68832927&s=PKC&t=PKC

But wait, it gets even better...

Not Yet Listed: Bigger, Better Bank-Owned Timber Wolf Lodge

Our deal searching radar has identified another bank-owned unit about to be listed! And it could be an EVEN BETTER DEAL than the property we mentioned above!

It sits near the hot tubs in a stand of Aspen trees with a rushing creek you can hear from the deck.

This is the larger floor plan--over 1500 sq ft--with nice furniture and large bedroom suites.

Interested?

Please contact us right away so we can get you the details before it officially hits the market!

I toured the property yesterday, so you can also call us at 1-800-485-0218 and I'll answer all your questions...

Happy Deal Hunting!

Related Articles:

Park City Real Estate Auctions

Park City Foreclosure Articles

Park City Real Estate Sales Statistics

Get Weekly Park City Foreclosure Updates

June 17, 2010

Park City Best Buy World Cup

Three of the properties we planned to feature in this week's Park City Foreclosure update are already under contract.

So are BOTH of the featured properties from our last Foreclosure update--one of them had 4 offers! But this post is not about us being right...

It's about helping you profit from the current market conditions.

Are You Tired of  Park City Real Estate "Insiders" Grabbing the Best Deals?

The best deals come and go quickly.  There are obviously plenty of smart investors waiting on the sidelines, cash in hand,  for the best deals to come along.

Are You Ready To Beat The Park City Real Estate Insiders at Their Own Game?

In celebration of the World Cup, our team selected the 32 best bargains in the Park City & Deer Valley marketplace.

Included in the list are:

  • A ski-in/ski-out home in The Colony that's going to Auction
  • Bank-owned condos in Lower Deer Valley that are walking distance to the slopes under $700k
  • 2 Walk-to skiing condos at Park City Mountain Resort under $180k each
  • An Old-town Park City home under $300k
  • The least expensive 2 BR condo in Deer Valley--by over $200K!

To have the complete list delivered to you instantly via email, please complete the form below:

Related Articles:

How To Get A Great Deal On Park City & Deer Valley Real Estate

Get Weekly Park City Foreclosure Updates

Park City Real Estate Auction

Park City Real Estate Sales Statistics

June 3, 2010

Bank Owned Quarry Mountain Ranch Home

Park City Bank-Owned Home Reduced by $350,000!

When the bank foreclosed on this home, their note was for nearly $3 million.

The home has been listed by the bank for a while, starting at $3.5 million, but apparently the bank wants it off their books TODAY as evidenced by their drastic price reduction last night.

If you believe in the old saying "buy the least expensive lot on the block" this is a shining example!

It's the least expensive home in the neighborhood...by over $2 Million!

quarry-mountain-ranch-park-city-homePark City Home Millions Below Reproduction Cost

Other active listings in Quarry Mountain Ranch range from $4 million to $5.8 million.

This home is so far below reproduction cost, it's almost obscene.

One neighbor recently paid $2 million for a vacant lot just a few parcels away...

The home sits on a flat 2.5 acre parcel with outstanding views of the ski runs and mountain peaks at The Canyons Resort.

Here are the Park City Bank Owned Home details:
http://pcmls.com/Pub/EmailView.asp?r=1884945842&s=PKC&t=PKC

There is already one offer on the home since the price reduction this morning, and it won't last long at this price.

Contact us today at 1-800-485-0218 if you need details ASAP.

June 2, 2010

Flagstaff Deer Valley Condo Developers React To Auction Prices

Flagstaff Deer Valley Slashes Prices!

ARCD-7626Since the Silver Strike Auction took place on January 17th, the Village at Empire Pass neighborhood has experienced a surge in attention from smart value investors.

If you act soon, you can still grab a gorgeous brand-new ski-in/ski-out Deer Valley condo at 30% to 50% off!

The numbers don't lie... 38 Empire Pass condos have sold/pended since Jan 1st!

According to the developer of Flagstaff, "We're selling these properties below our cost."

Welcome to 2010, when developers define success as return of their investment not necessarily return on their investment.

We're confident that buyers who step up to the plate this winter and secure these ultra-luxurious condos will be the same people who have reason to brag to their friends in 5 years about their wisdom to purchase at the bottom of the market!

Here's the ironic part...

The prices are distressed, but the properties are not.

Trophy Deer Valley Condos at Distressed Prices

ARCD-7637

These are not distressed properties.  They're some of the finest Deer Valley has to offer.

However, the market conditions have hit developers hard, and construction lenders are getting anxious to take come of their money off the table.

Could this be the chance you have been waiting for?

Flagstaff Deer Valley Condo Interiors

ARCD-7641

Check out the master bathrooms in Flagstaff!

We have toured quite a few families through Flagstaff over the past few months, and without fail, they all comment that they're the most luxurious condo bathrooms they have seen!

Families love the option "Bunk Room" that offers each bunk their own personal televisions, complete with headphones and a privacy curtain!

Flagstaff Lodgekeeper

larry-lodgekeeper

Larry the Lodgekeeper

Not only are the Flagstaff condos gorgeous, the lodge includes about 5,000 square feet of common area on the lobby level for the exclusive enjoyment of owners, guests, and renters at the lodge.

There's a small exercise room, internet workstations, comfortable living rooms with grand fireplaces, a ski-locker room, game room, and even a pub!

Flagstaff lucked out when they convinced long-time local Larry Dodge to become the in-house lodge-keeper!

He'll set out the complimentary continental breakfast in the morning, and he serves beverages in the pub apres-ski!

Flagstaff Condo Liquidation Sale!

Here are the remaining Flagstaff Condos For Sale.

Don't get sticker shock when you see the list prices.  We can likely save you hundreds of thousands--even millions-- of dollars off the list prices.  Call us to find out how...

Toll Free 1-877-838-2805

This is not one of those wait-around and hope the prices drop further kind of situations.  The lender has given their approval for just a few more of these 40% off condo sales, but we're not sure how long they'll continue to allow the developer to sell properties below their construction cost...


May 28, 2010

Park City Real Estate Stats Q1 2010

Park City Real Estate Market Improving...

But don't take our word for it...see for yourself!

  • The number of active listings is down, as is the number of months of supply
  • Number of transactions is up more than 100% Y2Y, especially for homes and condos
  • Dollar volume sold is up
  • Notices of Defaults & Foreclosures down
  • Higher percentage of listings selling
  • Median prices level for 4 consecutive months

Park City Real Estate Absorption Rate

park_city_real_estate_sales_absorptionThe Park City housing market's absorption rate has fallen for the seventh month in a row.

This key measure estimates how long it will take a house to sell.  The current rate is 27.29 months of supply, down from a high of 41.26 months of supply in August 2009.

What has been a strong buyer's market over the past year could be moving back towards a more balanced market.

Could the window of optimal opportunity for buyers be closing?

Park City Foreclosures Drop

park_city_utah_foreclosures_first_quarter_2010In the first quarter of 2010, the number of foreclosures in Summit County dropped 40% from the 4th quarter of 2009.

The number of Notices of Default also dropped, which is a leading indicator that the number of foreclosures will continue to decrease during the second quarter of 2010.

Park City Utah Real Estate Unit Sales Volume Up

The number of properties sold during the first quarter of 2010 was up nearly 100% Y2Y, with 325 closed sales.

park_city_real_estate_sales_first_quarter_2010

Get comprehensive Park City & Deer Valley sales stats here...

Q1 2010 Park City Market Report

Q1 2010 Park City Real Estate Sales Statistics