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Quarter One of 2013 is the best we've seen in years! The Park City Board of Realtors recently released their quarterly real estate market statistics report. The report shows that Quarter One of 2013 has been the best quarter we have seen for many years, since 2007. The number of sales was up by 17% compared to the first quarter of 2012, and the overall dollar volume was up by 28% - thats a huge increase! Our little Park City and Deer Valley real estate market saw 395 closed sales. Inventory i... Read Full Post

We have been getting that question quite often recently. Here is a look at the concept of passing the bottom of the real estate market and looking ahead to what is next. Hopefully this is helpful info for you and your real estate market, and maybe you can use some of this info and apply it to what you are seeing in your area, and with your clientele. Feel free to use this info and our attached illustration. Have We Passed the Bottom of the Real Estate Market? There now is a lot of evidence th... Read Full Post

PRESS RELEASE - February 18, 2013 - Park City, Utah Old Town, one of the most popular neighborhoods in the western ski resort community of Park City Utah, just had it's biggest sale for any residential single family home to date. Local Realtors Heather Peterson and Sean Matyja recently sold the famed "Tunnel Home" located at 503 Woodside Drive. The home was listed for sale with colleagues in their brokerage at Summit Sotheby's International Realty. The home was listed at $8,640,000 for approx... Read Full Post

There is nothing quite like The Colony at White Pine Canyon. It is a private, gated community located in Park City, with the largest ski-in/ski-out homesites available. Widely acknowledged for setting the new standard in on-mountain living, this 4600-acre "ski-ranch" offers private ski retreats like no other. The Colony is minutes from the world-class resort town of Park City and only 30 minutes from Salt Lake International Airport. Home for Sale in The Colony: $26,200,0009 Bedrooms - 15 Bath... Read Full Post

Park City, Utah -- The year-end 2012 statistical report released by the Park City Board of REALTORS® indicates an increase in the number of sales and total dollar volume, with inventory the lowest it has been in over six years. It also shows a slight gain in median prices compared to 2011. The total volume of real estate sold for the entire market area reached a 15% increase over 2011. Below is a summary of our full statistics article from the Park City Board of REALTORS®, sort of the "read... Read Full Post

BIG NEWS for our real estate market here in our ski resort town of Park City, Utah. SKI Magazine conducts a reader poll every year and allows its readers to rate all the ski resorts in North America. For many years the well known ski resorts of Park City have been doing quite well. In fact, Deer Valley had been rated the #1 resort for an astonishing 5 years in a row! Well the highly anticipated new results are in and the buzz in the ski world is that Park City now has all three ski resorts in... Read Full Post

Sales numbers have bumped along since the end of 2008 and the first half of 2009. The highlight of the second quarter of 2012 is the increase in the number of Park City real estate sales and pended sales-which is the highest we have seen since the fourth quarter of 2007. Additionally, the second quarter numbers report the highest total dollar volume since 2007. To compliment those statistics, the inventory of active Park City real estate listings is the lowest it has been since 2007. Inventor... Read Full Post

Ever hear about the HGTV Dream Home? You probably have. The most recently completed HGTV Dream Home was located right here in Park City, Utah. Actually located in River Meadows Ranch, which is in the Heber Valley, in the small rural town of Midway, about 15 minutes outside of Park City and Deer Valley. This home is absolutely stunning and is a perfect example of what a mountain contemporary home should look like. The execution of finishes and style is amazing. As long time Realtors in Park Ci... Read Full Post

Realtor.com recently ranked Salt Lake City No. 6 in the nation for “The Best Cities to Buy a Home Right Now.” Forbes reported on the study and stated there were a number of factors that played a part in determining how each city was evaluated and ranked. Park City, Utah, just 35 minutes up Parleys canyon is a nearby alternative to living in Salt Lake City. For those who are looking for cleaner air, and an outdoor enthusiast lifestyle, Park City & Deer Valley offer a resort living situ... Read Full Post

I have found it very interesting that when we are in a Seller's Market the Buyers will line up to buy, and will compete with each other often with multiple offers. But then when we are in Buyer's Market, like now, the Buyers are frozen with fear, and wont buy. What do they do? They watch and wait, and then they watch more and wait more. What are they waiting for? They are looking for some sign that we are finally at the bottom point of the bottom of the market. The problem is that predicting ... Read Full Post