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Our subject matter is largely made up of questions we are asked by clients and other individuals considering Park City as a place to own or to visit. Most of the questions we are asked pertain to our Golf and Ski communities, but we welcome any questions relating to the Park City market or any real estate topic. We will address every question honestly and answer to the best of our ability. We respect our competition but we don’t shy away from discussing differences in product and services when asked. In addition to answering your questions, we enjoy sharing stories of our clients successes, open houses and Golf, Ski and community events of significance.

 

My friend needs a realtor. Will you...YES!!

By Darrick Olsen
Feb 28, 2015

During the past week, we have been previewing homes, in order to do a market analysis for a new client, who was referred to us by...well, we don't drop names - let's just say an existing client, who

Every Thing You Need Every Thing You Need - $3,800,000

paid us the compliment of another referral.  And, we are sharing this valuable information with you.   Our new client is interested in private communities that are about 15 minutes from  Old Town Park City and 30-40 minutes from the Salt Lake City International Airport.   Their price point is above $2mm.  We conducted our research in the  requested communities.  We found that the listing and sales prices for 2014 increased over 2013.   For 2015,  sales of homes priced $2mm and up are on the rise.   Ask and we'll send you our list of the homes,  we have toured and have determined are very good values.

  Here is an example.  In the Talisker community of Tuhaye for 2014 the highest sales prices were achieved by two of our listings.  In January 2014, our listing at 10050 N. Uinta Drive sold for $1,850,000.  In October 2014, our listing at 9885 Timpanogos Court sold for $1,850,000.   "Yesterday's ceiling is tomorrow's floor".   As of February 2015, there is a pending sale in Tuhaye - a gated, private golf course community - with a listing price of $2,495,000.  Our sources indicate that the sales price is definitely above the $2mm mark.   Stay tuned.
For the past three years, a gradual and consistent stair step increase in listing and selling price has been the indicator not just of a recovering market, but also validation of a stable and improving real estate market.  Combine that validation with decreasing  inventory,  increasing demand and the current projections for consistent population growth in and around Park City, Utah...there isn't one person reading this, who needs me to explain more.   But, I will.  Contact me.
 

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