How do ski chalets compare in different mountain towns? I decided to see what $2M buys you in neighboring ski towns. This search was made very easy by using www.skipropertysir.com, the Sotheby’s International Realty search site for ski properties worldwide. What did I learn?
Don’t let the exterior strip mall feel of Townshend’s fool you. Once you’re inside you are transported to a cozy universe. Different nooks and crannies are made unique with vintage furnishings and a rotation of local art on display. There is something here for everyone, with teas from around the world and delicious snacks.
While there is no shortage of gated communities in the Park City area, each is very distinct with a different feel, amenities and its own unique personality. Here we give you an overview of what each area has to offer. There is something for everyone, you just have to take a look.
This blog is a repeat of a blog I wrote 2 years ago. Since that time, we purchased another Park City condominium. A few weeks ago, I helped some of my favorite clients purchase an investment condo near Kimball Junction. The rental market is very strong in Park City. Now is a great time to buy a condo in Park City, before the ski season starts and the prices go up.
Park City has long been a hub for world class mountain bike single track. But in recent years, the addition of paved trails and bike lanes throughout town has also made it a haven for bike commuting for both exercise and practical purposes. Still, one of the limitations to bike commuting in Park City has always been the hills. We Parkites are generally a fit people, so it’s not that we can’t handle the hills. It’s just that nobody wants to arrive to their destination sweaty in the hot July heat.
To say this has been a challenging year as a REALTOR® is an understatement. Today’s market is different from any other I have experienced in my 15 years helping clients buy and sell real estate. Why? The economy is robust Interest rates are historically low There is a shortage of inventory (homes for sale) Buyers are frantic to find the right home but at the same time know they are paying top dollar creating a lack of confidence Sellers know the market is hot and are being extremely aggressive on pricing The combination of these factors has resulted in a new and challenging phenomenon: buyers are putting a home under contract before they are certain they want to actually buy it. As I wrote about in a prior article, home sales are falling through.
Last month, my company, Summit Sotheby’s International Realty, put together a marvelous market update for 2017. If you’d like a hard copy, I’d be happy to email you one. The Park City Board of Realtors also released their year end statistics in the form of a press release. Taken out of context, these numbers will not tell the story of our real estate market. I have been studying the Park City real estate market for 15 years, and this intimate knowledge gives me a deeper understanding of market trends.
A good meal doesn’t need to lighten your wallet too much in Park City. The next time you are feeling hungry, skip the fast-food drive-through line and try out one of our local eateries. Our list of favorite cheap eats will get you higher quality and a better experience for about $15 bucks or less.
This blog is an opinion piece. I’ve explained the reason behind why each is among my favorite Park City condominiums. If you agree or disagree with my choices, I’d love to hear your thoughts in the comments below! I always show these properties when they meet my clients’ purchasing criteria. Why? Because I believe they are the best value in their class. In fact, I’ve done real estate transactions in nearly all of these developments. I’ll explain a little about each. Let me know if I can provide more details about any of these condos or show you the units that are currently available. Generally, there is scarcity in all of these projects except for Juniper Landing and Viridian, which are new construction.