March 2017 Greater Park City Real Estate Update

March 2017 Greater Park City Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in the Greater Park City area for February 2017. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Greater Park City Area – Single Family Homes: Active inventory was down 19% from 2016 with 629 units on the market and down 9% from the previous month. The median listing price was just under $1,750,000. The average days on market was up 17% from 132 days in 2016 to 154 days in 2017. The median sales price was just under $1,000,000. The averages for units sold in the month of December increase 15% for units sold year over year and decreased 17% decrease month over month with a total of 63 units sold.

Greater Park City Area – Condominiums: Active inventory was down 10% from 2017 with 447 units on the market and down 4% from the previous month. The median listing price was just under $1,000,000. The average days on market was up 20% from 88 days in 2016 to 106 days in 2017. The median sales price was just over $480,000. The averages for the month of December show a increase of 11% for units sold year over year and down 4% over the previous month with a total of 68 units sold.

To find out more about all our local real estate markets, watch our 60-second market videos at: www.summitsothebysrealty.com/market-update

March 2017 Salt Lake County Real Estate Market Video Update

March 2017 Salt Lake County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Salt Lake County for February 2017. These market reports focus on units sold, median sales price, days on market and the inventory of homes for sale.

Salt Lake County – Single Family Homes: Active inventory was down 38% from 2016 with 1,397 units on the market and down 17% from the previous month. The median listing price was $430,000. The average days on market was down 4% from 47 days in 2016 to 45 days in 2017. The median sales price was $300,000. The averages for units sold in the month of December decreased 15% for units sold year over year and decreased 4% decrease month over month with a total of 672 units sold.

Salt Lake County – Condominiums: Active inventory was down 51% from 2017 with 371 units on the market and down 19% from the previous month. The median listing price was just under $270,000. The average days on market was down 33% from 46 days in 2016 to 31 days in 2017. The median sales price was just over $200,000. The averages for the month of December show a increase of 11% for units sold year over year and up 12% over the previous month with a total of 243 units sold.

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The Art of Giving – Sotheby’s Cares 2017

Sothebys Cares 2017

The Art of Giving
Summit Sotheby’s International Realty and its sales associates recently donated $70,000 to local Summit, Wasatch & Salt Lake County charities via its philanthropic 501(c)3 group called “Sotheby’s Cares”.

When you work with Summit Sotheby’s International Realty, you are supporting non-profit organizations in our local community. At the close of every escrow, our sales associates and real estate brokerage firm voluntarily donate a portion of their earnings to local 501(c)3 non-profit charities. We refer to the funds donated as “Sotheby’s Cares.” Through this program and fundraising events like our “Sotheby’s Cares Golf Tournament”, Summit Sotheby’s International Realty provides its agents, as well as clients and vendors, the opportunity to participate in giving back to the local community.

“Thanks to all of our sales associates and vendors, we are thrilled to be able to benefit these 24 local organizations,” Summit Sotheby’s International Realty President and CEO Thomas Wright said.

“I am very happy that our organization can do so much good by spreading our donations across such a cross-section of local charities. Giving to these charities, and the others that we have contributed to over the years, makes it all worthwhile at the end of the day,” said Wright. “These contributions demonstrate how seriously Summit Sotheby’s International Realty regards its efforts to make a difference in the local community.”

Luxury Real Estate Headlines: First Week in March 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home including a Tuscan-Inspired Home in St. George.

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$1,299,000 USD | St. George, Utah | Summit Sotheby’s International Realty

“Resort living in your own home. Nothing has been overlooked in this luxury, custom-built Tuscan home. Outdoor living includes hot tub with waterfall into pool (with solar array), fire pit, outdoor kitchen, fireplace, TV, seating area and putting green. Home has game room, exercise room with rubber floor and infrared sauna, opulent theater with recliners”

Clive Davis Lists Park Avenue Co-op for $7.8 Million – Wall Street Journal

Sotheby’s International Realty Sees Growth in a Tough Market – CNBC

Five Homes for Buyers Seeking an Island Lifestyle – Financial Times

Investor David Batchelder Lists Newly Built California Home for $29 Million – Wall Street Journal

Selena Gomez Seeks $3 Million for her Mansion in the Lone Star State – Los Angeles Times

The Sotheby’s International Realty Brand Achieved $95 Billion in Global Sales Volume for 2016 – Sotheby’s International Realty

This $29 Million NYC Penthouse is Hidden in the Sky – Bloomberg

For Sale: 6 Rustic Homes in Montana – The Week

How Sotheby’s International Realty is Avoiding the Real Estate Slowdown – Bloomberg TV

Spending Millions to Keep a Home Safe – Wall Street Journal

House Hunting in… Sydney – The New York Times

Seattle Real Estate Sees Surge in Chinese Interest After Vancouver Enacts 15% Tax – Forbes

What is a Prime or Super-Prime Property? – Financial Times

Here’s How to Spend Your Tax Refund to Upgrade Your Home – MarthaStewart.com

10 Modern Homes that Get Luxe Mountain Living Right – Elle Decor

The RM Sotheby’s Automobile Auction at Amelia Island is Set to Astound – Robb Report

Salt Lake Vision and the 2017 Downtown Rising Action Plan

Local leaders recently unveiled the 2017 Downtown Rising Action Plan. The progress report and new goals outlined emerging trends and identified key objectives for continued downtown development that imagines a more family-friendly atmosphere with more community-minded amenities, explained Jason Mathis, executive director of the Downtown Alliance.

The Downtown Alliance is a subgroup of the Salt Lake Chamber, Utah’s largest business membership group. This is the second Downtown Rising Action Plan from the group, and the first plan showed success, including the Eccles Theater, Trax to Salt Lake City International Airport, and nearly 10,000 new residential units.

The seven newly announced priorities are: a downtown school; a sports and entertainment district that benefits The Gateway and Vivint Smart Home Arena; a cultural core place-making and programming effort; investment in transportation; a digital media and arts center; reinvesting in Pioneer Park with infrastructure and a public private management plan; and the development of a technology campus.

Downtown Alliance Executive Director Jason Mathis said of the action plan: “It’s simple, it’s straightforward, it’s consensus-based, it’s direct — and, most importantly, it’s changeable.”

Mathis said there is no “order” to the suggestions but that a public market in the Rio Grande neighborhood — known today for the city’s emergency homeless shelter and open-air drug deals made in plain sight of nearby shoppers and business patrons — could be on the immediate horizon.

Summit Sotheby’s International Realty Update for March 2017

SIR Achieves $95 Billion in Global Sales Volume for 2016!

Sotheby’s International Realty® brand reported that in 2016 its affiliated brokers and sales professionals achieved approximately $95 billion in global sales volume, the highest annual sales volume performance in the history of the brand, driven largely by a brand record of over 127,000 transactions.

In addition, Summit Sotheby’s International Realty announced that it achieved $1.52 billion in sales volume in Utah for 2016.

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View more info at summitsothebysrealty.com/blog/?p=14466

Experience the Unique – Our Property Selling Services

To those who value the unique, Summit Sotheby’s International Realty is the local real estate provider that offers unrivaled access to qualified people and distinctive properties around the world. When you list your property with Summit Sotheby’s International Realty, you get a true international brand that can offer you the best exposure, whether online or in print. View our new 2017 “Experience the Unique” brochure below to learn about our many competitive property selling advantages.

SSIR 2017 Listing Presentation issuu_Page_01View more info at summitsothebysrealty.com/blog/?p=14471

Our 2016 Summit SIR Resort Report

Ever wonder what is happening in Park City and the western United State’s top resort real estate markets besides the skiing? Summit Sotheby’s International Realty compiles bi-annual data from 12 prominent resort communities throughout the western half of the United States in order to provide the consumer quick statistics for each resort area, keeping them up-to-date on the overall housing market in each area, and providing pertinent information in making buying decisions.

SSIR_Resort Report_2016_Page_01View more info at summitsothebysrealty.com/blog/?p=14472

2017 KPCW Winter Pledge Drive

KPCW Radio is a non-profit, volunteer supported organization whose mission is to educate, inform, entertain and provide access to a diverse community with quality local, national and international programming.

Recently Thomas Wright, President and Principal Broker, and Dave Johnson, Managing Broker, led the fundraising on Valentine’s Day for Summit Sotheby’s International Realty during the KPCW pledge week. Sales associates, staff and supporters of Summit Sotheby’s International Realty called their pledges in or donated online.

View more info at summitsothebysrealty.com/blog/?p=14516

2017 St. George Parade of Homes

Summit Sotheby’s International Realty was proud to represent “Respiro”, located in the Encanto resort development, in the 2017 St. George Parade of Homes.

“Imagine yourself vacationing in luxury as you breathe in the panoramic views of Snow Canyon’s brilliant red mountains anchored by vast lava fields. This spectacular Brian Geer home encompasses rich textures and subtle colors of the desert evoking a sense of solitude. State-of-the art architecture highlights unique exterior angles defined by handcrafted metallic elements. Contemporary lines, layered with luxurious finishes and fine detail all come together at Encanto’s Respiro.”

stg parade homeView more info at summitsothebysrealty.com/blog/?p=14490

 

KPCW 2017 Winter Pledge Drive & Summit SIR

KPCW Radio is a non-profit, volunteer supported organization whose mission is to educate, inform, entertain and provide access to a diverse community with quality local, national and international programming.

On-air since July 2, 1980, KPCW 91.7 FM reaches 73% of all adults in the Summit and Wasatch counties in Utah at least once a week, 12 times more than any other radio station in the area.  For 55% of the “Wasatch Back” population, KPCW is the “most trusted” news source and serves as the only daily source of local information.

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KPCW asks its listeners for support in bringing daily, original news, information and entertainment focused on Park City, Summit and Wasatch Counties

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Recently Thomas Wright, President and Principal Broker, and Dave Johnson, Managing Broker, led the fundraising on Valentine’s Day for Summit Sotheby’s International Realty during the KPCW pledge week. Sales associates, staff and supporters of Summit Sotheby’s International Realty called their pledges in or donated online.

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Here are just a few things people love about KPCW:

  • KPCW keeps you up-to-date on current road conditions and the best way to get in and out of Park City.  We let you know of any emergencies or road closures so you can adjust your travel plans accordingly.
  • KPCW gives non-profits a voice by offering a free forum for other non-profits in the community to let people know about upcoming events. By listening to KPCW, I know what music and theatrical events are playing around town. KPCW is the place to listen for all the great work that our nonprofit community does in the area.
  • The volunteer DJs at KPCW make it really feel like a community radio station. Each DJ shows their personality with the music they play and I LOVE IT. No matter if they are young or old DJs, it makes KPCW belong to community.
  • KPCW is able to reach out to the Latino community with Cada Domingo, a Sunday evening program that translates the week’s news into Spanish. Cada Domingo helps keep the Latino population informed and a part of the community.
  • KPCW provides a free Lost &Found service online where people can find their lost dog or wallet. It is a great resource for the community and an instantaneous way to get your lost or found information out there.
  • KPCW’s news department provides the information listeners need. Hourly local weather & traffic, City government, planning and County Commission as well as trail reports and lost & found are unavailable anywhere else. They always manage to show “both side” of a story and listeners are always informed and “in the know” by tuning into KPCW.
  • KPCW is your community voice. No matter how small or big the amount our listeners give, KPCW is supported by everyone and that’s what makes 91.7FM so special. Give what you can and let’s keep KPCW on the air.

Exclusive Snake Creek Canyon Retreat in Midway, Utah Significantly Reduced!

Encompassing 331 pristine acres of Utah mountain glory, Snake Creek Canyon Retreat is a Frank Lloyd Wright inspired, approximate 10,400 square foot residence, sitting at 7,300 feet overlooking the entire Midway and Heber Valley with panoramic views of the beautiful Wasatch Mountains. Recently, the property was reduced in price by $2,450,000 and is now offered at $6,900,000.

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A PLACE TO LIVE “IN THE MOUNTAINS”
A sanctuary buffered from the hustle and bustle of life by the soothing healing arms of nature. And, as the sellers will tell you, there is no sound sweeter than nature… when you lie down to sleep.

It’s a one-of-a-kind place to call home for generations, a family tradition to pass down, a place to see old friends every year, and a place to create memories to fill a photo album. This is for the owner who treasures their family life, the future of their children, and the sanctity of the land.
snake creek 4 Surrounded by wilderness and tranquility, imagine a place where you can relax your body and stimulate your senses surrounded by vast stretches of natures’ wonders. A place that beckons you with unparalleled views.

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Four miles from the Wasatch State Park Visitors Center in Midway, Utah, the Snake Creek Canyon Retreat is accessed via a gated, private road. Secluded, yet conveniently located.

Snake Creek Canyon Retreat is only 30 minutes from the exceptional shopping, dining, and world-class skiing and snowboarding in Park City. A former mining town, Park City offers a blissful blend of small-town friendliness, five –star resort culture, an Olympic legacy, and the largest ski resort in North America, Park City Mountain, and the renowned Deer Valley Resort. Easy access via the Heber Valley Private airport, only 15 minutes from Snake Creek Canyon Retreat.

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Surrounded by open lands, this property grants unlimited access for ATV exploration and hiking trails. It offers additional limitless outdoor recreation to include dirt biking, hunting, horseback riding, mountain biking, cross country skiing, and world-class snowmobiling. An abundance of water is appurtenant to the property allowing for numerous possibilities for property enhancements such as ponds and water features. Snake Creek Canyon Retreat is within minutes of miles of blue-ribbon fly fishing on the Provo River, Deer Creek Reservoir and the Jordanelle Reservoir for your water enthusiasts.

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FEATURES
331 Acres surrounded by publicly owned open space
Designed by Mark Stonehocker,
Think Architecture
Currently zoned for one home per 160 acres
Seven bedrooms including two master suites with private sitting areas
Seven en suite bedrooms, Nine bathrooms
Multiple family gathering spaces with floor-to-ceiling windows
Approximately 10,459 Square Feet
Wyoming fence wood exterior
Expansive new Tigerwood decks
Duratherm Windows with interior cherry trim and exterior teak trim
Radiant heat with air conditioning
New 48kw back-up generator
Water sourced from private well, 3,000 gallon holding tank, with a total of 22 acre feet of Midway Irrigation water rights
Toy barn
Ash wood floors and new carpet
Butler’s pantry with wine refrigerator
Panoramic views from floor-to-ceiling windows
Seven fireplaces
Celadon granite counter tops
Viking gas six burner cooktop with grill
Master suite with sitting area
Office with 16th Century English Oak imported from an English castle
Multiple spaces for family gatherings or private moments
Indoor swimming pool and exercise area
Game room with pool table

 

View more info at www.summitsothebysrealty.com/eng/sales/detail/280-l-916-9ydhtd

2017 St. George Parade of Homes – Respiro

Summit Sotheby’s International Realty is proud to represent “Respiro” located in the Encanto resort development in the 2017 St. George Parade of Homes.

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With an unbeatable views and a gorgeous interior, this luxurious home located in the prestigious Encanto Resort is a wonderful choice for your Southern Utah Home.

stg parade homeImagine yourself vacationing in luxury as you breathe in the panoramic views of Snow Canyon’s brilliant red mountains anchored by vast lava fields. This spectacular Brian Geer home encompasses rich textures and subtle colors of the desert evoking a sense of solitude. State-of-the art architecture highlights unique exterior angles defined by handcrafted metallic elements. Contemporary lines, layered with luxurious finishes and fine detail all come together at Encanto’s Respiro.

stg parade home 3

The open floor plan invites you to enjoy your time with family and friends after you’ve finished taking advantage of the year-round activities St. George has to offer. Kitchen features granite counters, Wolf/Sub-Zero appliances and gorgeous brushed brass accents. The sumptuous suite is a private oasis with a fireplace, kitchenette, outdoor access, and a gorgeous en suite bathroom with a soaking tub, walk in shower, and double sink vanity. Not only do you benefit from these well-appointed spaces and excellent location, there is also a state-of-the-art clubhouse where you can take a dip in the pool, get a quick workout in or just relax and take in the scenery.

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View more info at summitsothebysrealty.com/eng/sales/detail/280-l-82417-rsl47e.

Experience the Unique – Our Property Selling Advantages

Experience the Unique – Our Property Selling Services
To those who value the unique, Summit Sotheby’s International Realty is the local real estate provider that offers unrivaled access to qualified people and distinctive properties around the world. When you list your property with Summit Sotheby’s International Realty, you get a true international brand that can offer you the best exposure, whether online or in print. View our Property Selling Services brochure below to learn about our many competitive advantages.