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MARKET UPDATE : STABLE BUT COMPLEX
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According to first quarter statistics, the Summit and Wasatch County markets remain varied and complex to read, but stable in terms of positive growth. In Park City limits, when compared with last year's first quarter, there has been only a 1% change in average single family home price, suggesting an overall stabilization of the market in town. However, in key development areas like Canyons Village, there was a doubling in the number sales and a 22% increase in average price, suggesting pockets of intense growth where there is new inventory. Similarly, gated golf communities remain popular, and Red Ledges, Glenwild, Tuhaye, and Promontory all saw an increase in the number of sales and in average price.
New condominium projects continue to boast the greatest buyer activity. With 190 condo sales, Jordanelle was the single most active market segment, closely followed by Canyons Village with 177 sales. These newer developments, which feature modern amenities and a range of prices, continue to resonate with sophisticated buyers. This trend is likely to continue with other new projects like those at Canyons Village and Silver Creek Junction.
In Wasatch County, Heber and Midway are the most active single family home markets with 218 and 109 sales, respectively. With new builds, attractive prices, and stunning views, these towns have seen tremendous real estate growth, which we predict will continue. To better navigate our complex market, reach out for information and options.
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GET SCHOOLED IN GOOD FOOD
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Whatever it is, Parkites want it at its best. Sports, business, community, etc. - we all work hard to make sure we've given it our very best effort. That goes for food too. Sure, our town boasts some of the best restaurants in the country, but that's not good enough - we want great food at home too. To that end, our little town with a population of a village supports not just one, but several cooking schools. True to P.C. style, these are not only enormously fun, they also ignite our highly creative imaginations and taste buds to achieve DIY gourmet in our home's kitchens.
Eat Well, Cook Well, Be Well
Mindful Cuisine is the brainchild of Linda Elbert, an accomplished chef who graduated from Laguna Culinary Arts with distinction. To express her passion for gourmet farm-to-table cuisine and her growing love for Park City's tight-knit community life, Chef Elbert created cooking classes rooted the idea that good food brings good people together. She offers classes for anyone of any skill level that reveal the inner epicurean in each of us. Focusing on unprocessed, locally sourced ingredients that are fresh, full of flavor and nutrition, Linda not only teaches the necessary kitchen skills, but also sparks the heartfelt joy of preparing healthy food for your whole family. "These three-hour cooking classes are the perfect date night too. Where else can you and your significant other enjoy a spectacular meal and take home the know-how to do it yourself. Even better, you leave with a new circle of friends who share your enthusiasm for great food," said Suzanne Harris.
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Park City and surrounding areas boast innumerable golf communities. From Park Meadows Country Club to Promontory, Glenwild, Jeremy Ranch, and Park City Municipal, our town has a wide range of options.
Glenwild, Promontory, Tuahye, Red Ledges and Victory Ranch are gated golf communities offering over the top amenities such as ski facilities, kid's clubhouses, bowling alleys, tennis courts, exercise areas, outdoor pools, fishing ponds and rivers, and mountain biking and equestrian trails. These communities are centered around their championship-designated golf courses but provide a full four season experience.
Luxurious residences coupled with world-class amenities minutes away from vibrant Park City allows for adventures unequaled in other resort communities.
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DEVELOPMENT SPOTLIGHT : KANTONS AT VILLAGE GREEN
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Located in the beautiful town of Midway, Village Green borders the acclaimed Homestead Resort and Golf Course, which has won "Best in State" several times. Townhome plans include rustically handsome single-family homes and townhomes that blend seamlessly with the surrounding Wasatch Mountains and offer modern comfort in one of "America's Best Small Towns", according to Forbes Magazine. With golf, fishing, hiking, and horseback riding just out your backyard, and the Uintas a short drive away, this community offers it all. Prices start at $526,000.
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FEATURED LISTING : 20+ ACRES WITH
360° VIEWS
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5 RED HAWK LANE, #4 | 20.44 ACRES | $928,000
Amazing Red Hawk homesite with stunning 360° views! This beautiful lot sits on the sunbathed slopes of Silver Creek - With over 20 acres of amazing unobstructed 360° views including views of Deer Valley Resort, Park City Resort and Canyons Village.
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"It's rare to meet and do business with someone in the residential real estate industry like Dena and her team. I live in the world of commercial and residential real estate development and investment and interact with many real estate brokers. Dena rises to the top of this universe not only with her knowledge and confidence but her real understanding of the details, both big picture and small. She was a pleasure to transact with on both sides of more than one transaction and I always felt that I was dealing with a true seasoned professional. I look forward to doing more business with Dena!"
Lee and Jill Kort
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It's officially spring on the Wasatch Back, which means two-for-one entrees, Running with Ed, and mountain biking. While May can be a bit quiet, locals can find
dining coupons, take tours at Red Butte Gardens, and make the most of uncrowded trails. The Egyptian Theatre has a great line up this month as does the Park City Film Series. Here are some events to check out:
Beyond Park City, Heber Valley boasts fishing, horseback riding, new restaurants, and dry trail systems in full bloom. Make the most of spring in the Wasatch. A few of our favorite spring hikes are Soapstone Basin, Heber Valley Overlook, and Round Valley, all of which provide spectacular views, wild flowers, and varied levels of difficulty.
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WHAT IS YOUR PARK CITY
HOME WORTH?
Find out today, in just a couple clicks,
with no obligations.
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(435) 640-1384
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I am excited to join the ranks of the Chin MacQuoid Fleming Harris team. Seeing each of them in action and learning from the best in the business is such an honor."
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