Events, Lifestyle, & Real Estate
News for the Greater Park City Area
Economics
MARKET DYNAMICS SHIFT Total volume continues to rise, however the number of transactions dropped in most sectors. The Third Quarter 2018 statistics revealed changes we haven’t witnessed in many years. Inventory rose to levels we haven’t seen since 2016, yet median prices generally rose across the board. At the end of the Third Quarter, the number of…
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STEADY MARKET PREVAILS The market continues to be steady overall, with a slight dip in condominium sales. Second Quarter 2018 stats revealed continued demand and an increase in median sales price. At the close of the second quarter, the number of single-family home sales in the Greater Park City Area increased by 6%, vacant land by…
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In mid-October, a group of business, community and elected state leaders announced the formation of an official Olympic/Paralympic Exploratory Committee (OEC), a likely step toward launching a bid for a second Olympics in Utah — in either 2026 or 2030. Over the next few months, the exploratory committee will examine whether the state should submit…
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It’s official! Extell Development Company closed on their acquisition of the Stichting Mayflower parcel of land neighboring Deer Valley Resort on November 3rd after an extensive and exhaustive due diligence process. The 2,300-acre parcel in Wasatch County is just south of Deer Crest and west of the Jordanelle Reservoir and Highway 40. This acquisition, coupled…
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