Rob & Rachel's Park City Updates

 What a busy couple weeks Rob and I have been having!...Between the summer concert series at Deer Valley, the locals deals at our favorite restaurants and all the weddings and events that summer-time brings...it's been hard to keep up! Not to mention our ever-more-demanding jobs! ;)I thought I'd ...

As we look at the mid-year activity in the outlying areas in Park City, we see a 50% decrease in activity but prices have increased. The area in discussion is everything past the White Barn except Jeremy and Pinebrook....so it covers Promontory, Glenwild, Old Ranch Rd, Canyons, Bear Hollow, Redst...

   While the number of sales has fallen off 39% in Park City proper (in-town), the other vital statistics have not changed much and we have seen an increase/appreciation in condo and lot #s:SINGLE FAMILY HOMES:2007 stats from 1/1/07 to 7/14/07-Ave Sales price $2,376,000-Ave PPSF sold $496psf -Ave...

Affordable housing seems to be one of the main topics around town this week. The Planning Commission approved Talisker's project for affordable housing on the 100 block of Marsac Ave this week, and commended the developer for their efforts...I am not such why you get a pat on the back for being 3...

Just before the long weekend, the bankruptcy court approved dip financing that will continue operations at Promontory through January 2009. Pivotal (the current developer of Promontory, who was forced into Bankruptcy in March) provided the financing from one of their other Pivotal company...the j...

 So as we prepare for the Forth of July, and all the festivities Park City has to offer on one of the greatest days to be a Parkite....here is a little market update:We have seen 39 properties come on the market this week so far, 23 close, and 24 pending. The high notes are:ACTIVE:-Portico unit o...

Talisker just closed on the Caynons deal. The Toronto-based developer, also developing Empire Pass, announced its intentions to purchase The Canyons from Park City-based American Skiing Company last July. Talisker completed the sale June 30 by paying ASC $123 million, a document filed Monday with...

Yet again Talisker failed to close on the Canyons. They did put up an additional $5m, to bring their total non-refundable deposit to $25m. Talisker officials were "unavailable" for comment...we'll keep our ear to the ground to see what is going on behind the scene...stay tuned.Here is an Empire P...

Well since Tuesday we have seen 60 properties come on the market, 15 go under contract, and 13 close. The high notes are:ACTIVE:-Glenwld lot for $895,000....I would imagine they have some wiggle room here on the price!-Fox Point at Redstone condo for $420,000; 2bd/3ba, 1302 sq ft, $322 psf seems ...

Promontory update:There is no real news to speak of on the Promontory hearings, as the judge said that she should have a decision on July 3. Supposedly Credit Suisse, the first lien holder, does not want Pivotal, the current developer, to continue developing or operating the club. Hopefully, we w...