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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.

 

We Are Bullish On Park City and Deer Valley

By Darrick Olsen
Nov 24, 2014

Bulish on Park CityAfter spending two full days scoping out real estate, everything we have seen tells us the real estate market is improving and will keep improving.   Not only is new construction underway in every neighborhood we visited, each neighborhood has multiple homes in various stages of construction and re-model.  It seems spending $4.5m for a home and another $2m remodeling it is the new normal.   The dramatic increase in the amount of commercial construction provides additional validation that we are in a Bull Market.  Not a speculative market, but a solid and legitimate increase in real estate prices and value.   What did we confirm on our two day tour?   Approximately 90 percent of the new residential construction are custom built homes.  An almost equally large percentage of development product has reservations made and end users waiting.   The commercial development under construction is owner use or has already been leased.  Overall inventory is low.  So, what's missing? Answer:  New homes in ski and golf communities.  It's no secret buyers want new.  It is very difficult to find a buyer a new or very recently remodeled and updated product of quality that has a modern/contemporary, new and fresh feel; and a simple, functional floor plan.  Not only did Joe and I spend two full days last week, we spend at least one day a week every week - much like a picker hunts for art and antiques - looking for the best lots, builders, architects and locations for our clients.  We know Park City, Deer Valley and the surrounding areas.  If you want to know what we know, give us a call or contact through our web site.  Bulish on Park City

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