Luxury Real Estate Headlines: Last Week in April 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

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$1,600,000 USD | Salt Lake City, Utah | Summit Sotheby’s International Realty

This is an incredible opportunity in one of Salt Lake City most prestigious private developments. This magnificent property has commanding unobstructed valley and canyon views. The 14′ ceilings throughout the main level are adorned by crown moldings giving the home an open and luxurious feel. Enjoy the beautiful fireplace as you gaze up City Creek Canyon. Or take it outside to a large patio off the kitchen that is perfect for summer BBQ or lounging as you listen to the waterfall and soak in the beautiful mountain setting. North Cove Estates is only minutes from downtown Salt Lake where you can enjoy Ballet West, a Jazz game, shopping at City Creek, and restaurants galore.

The Late Vidal Sassoon’s $1.25 Million Cincinnati Home is on the Market – Architectural Digest

At Lake Tahoe, a High Waterline Means Heightened Sales this Summer – Mansion Global

10 Celebrity-Approved Luxury Properties for Sale – Boat International 

House Hunting in… Switzerland – The New York Times

West Hollywood is Los Angeles’s Shabby Chic Neighborhood – Mansion Global

Why Berlin is Europe’s Best Place to Live, Work and Buy Real Estate – Forbes

Why Buyers Seeking the ‘Real’ Rome Head for Trastevere – Financial Times

Sotheby’s International Realty Adopts Multi-pronged Asian Strategy – The Edge Property

10 Ultimate Waterfront Homes We’re Coveting Now – Elle Decor

Sotheby’s to Hold its First-Ever Contemporary African Art Sale – Artnet News

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Summit Sotheby’s International Realty Update for May 2017

Spend the Summer with Summit SIR… join us for our annual 4th of July Party in Park City, Utah!

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Spend the 4th of July weekend celebrating Independence Day in Park City, Utah. Take in a concert, catch the rodeo, or an outdoor concert, run in the 5k, enjoy a pancake breakfast, watch the parade, rugby games, beer gardens and fireworks.

Summit Sotheby’s International Realty invites you and your family to be our guests at our 625 Main Street office to watch the famous Park City 4th of July parade with over 70 hand-crafted floats. A light breakfast, coffee, and refreshing beverages will be served.

Proud Sponsor of the 2017 Deer Valley Music Festival

Deer Valley Music Festival Screens

Summit Sotheby’s International Realty is proud to sponsor the 2017 Deer Valley Music Festival. Enjoy the world-class talent from our own Utah Symphony, paired with the best in classic rock, country, show tunes, pop, jazz, and of course, chamber and classical music galore. The festival includes 16 concerts over a five-week period, including 12 “main stage” concerts at Deer Valley Resort’s Snow Park Outdoor Amphitheater in Park City and four chamber concerts at St. Mary’s Church in Salt Lake City. The Deer Valley Music Festival will open at the beginning of July with a patriotic concert, featuring Broadway and opera singer Lisa Vroman with the Utah Symphony Orchestra.

Other highlights scheduled to perform with the symphony throughout the summer include: Leslie Odom Jr., the Beach Boys and Ben Folds Five. “America’s band” The Beach Boys — synonymous with sun, surf and endless California sunshine – will perform their good-vibe music with the Utah Symphony on July 8th. Boasting three dozen U.S. Top 40 hits (the most by any American rock group), The Beach Boys’ chart-topping hits include “Surfin’,” “Fun, Fun, Fun,” “I Get Around,” “Kokomo,” “Help Me Rhonda” and “California Girls.”

Our 2017 Global Media Plan Video

global media plan video

The Sotheby’s International Realty brand partners with hand-selected media powerhouses, such as the Wall Street Journal, New York Times and Architectural Digest,  whose innovation, experience and international impact allow our brand to successfully connect with a global real estate buyer. Our 2017 Global Media Plan video emphasizes our exclusivity, cutting-edge advertising technologies, strategic positioning, social traffic drivers and video content integration with our global media partners.

Summit SIR celebrates 1 Year in St. George!

We celebrated the first anniversary of our newest office this past month.  One year ago we opened the doors to our Southern Utah office in St. George, and we thank you ALL for being a part of our success. If you haven’t seen our beautiful new space in historic Ancestor Square, come by any time for a tour!

“It’s hard to believe that we opened our office doors one year ago! What a great experience it has been and we are thankful to have worked with so many wonderful people in the local community in such a short time,” said Thomas Wright, President and Principal Broker of Summit Sotheby’s International Realty.

Park City Board Awards and Summit SIR recipients

Recently the Park City Board of Realtors held their Annual Awards Party at the Stein Eriksen Lodge in Deer Valley. Patti Wells was awarded the REALTOR® of the Year Award. This special award is given to an active REALTOR® member of the Park City Board of REALTORS® who best exemplifies and promotes a positive REALTOR® image through the highest levels of service within the real estate community and the local community at-large. Longevity of Board membership, consistency of service, continuous participation, and activities within the Board and in business as well as significant contributions to the real estate community will be considered when determining the recipient.

Tami Whisker received the Meritorius Service Award and Dave Johnson, Managing Broker for Summit Sotheby’s International Realty, received the Directors Award.

Extraordinary Properties Deserve Extraordinary Exposure

At Summit Sotheby’s International Realty, we believe that extraordinary homes deserve extraordinary exposure. When you list with Summit Sotheby’s International Realty, you have the power of an in-house advertising agency backed by global distribution through the Sotheby’s International Realty network. By working closely with publications, media partners, and content curators, we’re able to place your listing in front of the world with stunning imagery.

Recently, our properties have been selected for ad placements that can be seen on Architectural Digest, The New York Times, and The Wall Street Journal. These placements are just another reason why Summit Sotheby’s International Realty is redefining Utah’s real estate market.

Park Record Double Truck 4-1

Park Record Double Truck 4-15 - PRESS

Park Record Double Truck 4-29 - PRESS

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The Great Outdoors | National Park Neighbors

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There is a delight in the hardy life of the open. There are no words that can tell the hidden spirit of the wilderness that can reveal its mystery, its melancholy and its charm.
~ Teddy Roosevelt, President of the United States

From coast to coast, the United States is home to 58 national parks; preserved and protected, these sacred lands showcase the varied natural beauty available throughout the country. Our last installment of the Great Outdoors takes us to homes in five of these treasured places; let’s visit Acadia, Shenandoah, Grand Teton, Zion and Pinnacles National Park in search for nature’s finest.

Zion 1

$$2,995,000 USD | New Harmony, Utah | Summit Sotheby’s International Realty

Riata Ranch, located in New Harmony, Utah is the ultimate horseman’s paradise. It has the tranquility of mountain country living and the convenience of easy access from I-15 just 30 minutes North of St. George. The Ranch has unbelievable views of the “Kolob Fingers” in Zion National Park to the East is surrounded by Pine Mountain, New Harmony Valley, and Dixie National Forest. The fenced and gated ranch has a main home, casita, barn with bunkhouse, western town, and covered 9,375 sq. ft. arena. The western town actually fronts another bunkhouse with living accommodations, water tanks from the well, and a large RV garage with workshop. There is also a large open arena and gated pasture, plus much more.

Zion 2

$2,390,000 USD | New Harmony, Utah | Summit Sotheby’s International Realty

This Gentleman’s Ranch sits on 40 acres just outside Zion National Park. On the property, there is a certified organic apple orchard, a raspberry patch, koi pond, spa house, well, 5 pastures, and over 600 trees. The large custom home includes every upgrade and amenity you can imagine. The home showcases two kitchens, one gourmet with Wolf double-convection ovens, a commercial gas range with commercial swivel water faucet, a double Sub-Zero refrigerator, Bosch dishwasher, and granite countertops and sinks. The expansive wrap-around porch makes entertaining ideal both inside and out.  There is also a 2,700 sq. ft. barn with an apartment, an RV garage, 2 horse stalls, a workshop, cider room, and 2 attached carports. The property is fully fenced and has pressurized irrigation.

Maine$1,200,000 USD | Bar Harbor, Maine | The Swan Agency Sotheby’s International Realty

Completely renovated in 2014, Bogue Chitto was the site of The Swan Agency Sotheby’s International Realty and Maine Home + Design Magazine’s 2014 Designer Showhouse. The remaining shorefront and interior lots are being developed with new homes. All residents of Bogue Chitto enjoy rights to the dock and oceanfront deck area. Located directly across the road from the entrance to Acadia National Park, the location of Bogue Chitto is ideally situated for access to all of the areas most coveted spots.

Virginia$1,699,000 USD | Huntly, Virginia | Hunt Country Sotheby’s International Realty

Holland Hill harmonizes one’s living environment with nature. Expansive views as far as the eye can see are enjoyed from all directions. This 25-acre property is nestled in the foothills of the Shenandoah National Park in the verdant county of Rappahannock, Virginia. The Appalachian Trail, mountain stream fishing and local vineyards are some of the area’s most noteworthy escapes. Professionally designed and constructed in 2008 with efficiency and a low environmental footprint in mind, this geo-thermal house shares a strong bond with its environment.

National parks and reserves are an integral aspect of intelligent use of natural resources. It is the course of wisdom to set aside an ample portion of our natural resources as national parks and reserves, thus ensuring that future generations may know the majesty of the earth as we know it today.
~ John F. Kennedy, President of the United States

Wyoming$2,495,000 USD | Jackson, Wyoming | Jackson Hole Sotheby’s International Realty

This 4,850-square-foot home is in the heart of Grand Teton National Park; looking directly at the Tetons from this over three-acre parcel, hike, bike, or fish in the park with this elegant home as your starting point. The home includes a kitchen for the gourmet cook and entertaining, a separate office/study, an exercise room and a sitting room off the master bedroom. The very well thought out floor plan captures the expansive views of the Grand and Teton Range as well as surrounding mountains.

California$1,495,000 USD | Soledad, California | Home & Ranch Sotheby’s International Realty

Experience the sprawling views of the Salinas Valley and West Pinnacles National Park from this private 160-acre ranch in the Gabilan Mountain Range. The unique estate boasts active production of ultra-premium Chalone AVA Pinot Noir and Cabernet Sauvignon grapes, onsite ATV trails, and Pinnacles National Park trail access. The exceptional residence is meticulously designed with high-end finishes, open floor plan, stone wine cellar, lap pool, and floor-to-ceiling windows that take in picturesque views from every room.

Luxury Real Estate Headlines: Third Week in April 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

recap$2,000,000 USD | Peterson, Utah | Summit Sotheby’s International Realty

“Perched on a ridge overlooking the Weber River and Morgan Valley, this home sits on over 6 ½ fabulous acres, meticulously maintained and perfect for the equestrian family. This home was custom built with the finest material and workmanship. This beautiful home offers the very best of country living and yet so convenient to world class recreation, shopping and restaurants. “

A Patagonian Investment Property That’s Either Hotel or Family Retreat – Mansion Global

Five Homes for a Blissful Retirement – Financial Times

Shaun White is Selling His $8 Million San Diego Home – Architectural Digest

A Rare New Mansion in Chicago’s Historic Gold Coast – Mansion Global

The CEO of Restoration Hardware Just Slashed the Price of His Enormous Napa Valley Home That’s Like a Real-life Catalog – Business Insider

Six Homes for Sale with Designer Interiors – Financial Times

Vineyard Dreams: Owning One of These Elite Properties Has to Be a ‘Love Affair’ – Mansion Global

Pasadena House Brings that Palm Springs Vacation Vibe – Los Angeles Times

Howard Hughes’ Legendary Lake Tahoe Estate Has Asking Price Reduced – Billionaire.com

A Former Brewery-Turned-Mixed-Use Building in San Francisco’s Mission District – Mansion Global

NYC Families are Bringing the Suburbs to the City – New York Post

House Hunting in… São Paulo – The New York Times

A Parisian Neighborhood for Affluent and Influential Families – Mansion Global

10 Dream Homes that Take City Dwelling to a Whole New Level – Elle Decor

Sotheby’s to Host Burgundy Sale in London – The Drinks Business

The ‘Legendary’ Stotesbury Emerald Highlights Sotheby’s New York Jewelry Auction – Forbes

Luxury Real Estate Headlines: Second Week in April 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

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$3,250,000 USD | Ski-in/Ski-Out at Deer Valley Resort | Represented by Kristina Watkins

“Unit 14 is the apex condo at Stag Lodge, strategically placed at the very corner of the development to catch the curve of Last Chance run, making your ski-in and ski-out access flat, easy, and direct from the actual ski run to your private patio. “

The Tallest Single-Family Home in the U.S. is for Sale – Architectural Digest

House Hunting in… Cape Town – The New York Times

Sotheby’s International Realty Brand Expands Presence in India – Sotheby’s International Realty

Coastal Blairgowrie Home is an Entertainer’s Dream – News.com.au

Nutley, N.J.: A Place to Land and to Stick Around In – The New York Times

Sotheby’s International Realty Makes a Push into Asia, Starting with Singapore – CNBC

‘Nip/Tuck’ Star Julian McMahon Cuts Loose from Colorful Malibu Home – Los Angeles Times

Lovely Colonial in Berkley Returns to Market for $2.2M – Curbed

Homes That Sold for Around $1.5 Million – The New York Times

Broadway Hitmaker’s Former Townhouse Selling for $19.5 Million – Mansion Global

The Coolest Eco-Friendly Homes on the Market Right Now – Elle Decor

From Chateaux to Sea Cliffs: The Romance of Castle Living – T Brand Studio

Material World: Sotheby’s Announces Autumn Design Auction – Wallpaper*

Most Valuable Earrings to Appear at Auction Could Fetch $68 Million – Forbes

April 2017 Salt Lake County Real Estate Market Update

April 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 March 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 37% from 2016 with 1,521 units on the market and down 6% from the previous month. The median listing price was $435,000. The average days on market was down 16% from 45 days in 2016 to 38 days in 2017. The median sales price was just under $320,000. The averages for units sold in the month of December decreased 7% for units sold year over year and increased 43% month over month with a total of 1,036 units sold.

Salt Lake County – Condominiums: Active inventory was down 47% from 2017 with 398 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 43% from 42 days in 2016 to 24 days in 2017. The median sales price was just under $230,000. The averages for the month of December show a decrease of 1% for units sold year over year and up 27% over the previous month with a total of 243 units sold.

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April 2017 Greater Park City Real Estate Update

April 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 March 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 15% from 2016 with 647 units on the market and down 0% from the previous month. The median listing price was just under $1,700,000. The average days on market was up 2% from 104 days in 2016 to 106 days in 2017. The median sales price was just under $750,000. The averages for units sold in the month of December increased 9% for units sold year over year and increased 27% decrease month over month with a total of 85 units sold.

Greater Park City Area – Condominiums: Active inventory was down 7% from 2017 with 464 units on the market and down 4% from the previous month. The median listing price was just under $990,000. The average days on market was down 4% from 88 days in 2016 to 106 days in 2017. The median sales price was just under $600,000. The averages for the month of December show a increase of 76% for units sold year over year and up 17% over the previous month with a total of 81 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

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Luxury Real Estate Headlines: First Week in April 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

stargazer

$1,495,000 USD | Kamas, UT | Summit Sotheby’s International Realty

“Located two blocks East of the Tuhave Country Club, The Stargazer Ranch is just eight minutes to Park City! This is a wildlife paradise with elk, deer, eagles and fox as your neighbors. The 6 bedroom, 4.5 bathroom ranch has 46 acres of scenic mountain land. The main home is attached to a cozy 2 bedroom, 1 bathroom guest home that has its own kitchen plus 2-car garage. The Main Home includes a 2-car garage, a beautiful Master with ensuite bath plus a guest Master. An inviting deck with large hot tub looks out to 1,000’s of acres of open mountain views. Since there are no other homes visible from this ranch, The Stargazing is truly spectacular!”

Pennsylvania Estate Asks $17.5 Million – Wall Street Journal

Best for Guests: Five Properties Perfect for Hosting – Financial Times

A Sprawling Estate in the Heart of a Barefoot Beach Town – Mansion Global

A Party-Friendly Estate in Austin Seeks Record $45 Million – Wall Street Journal

New & Notable Luxury Properties for Sale | March 2017 – Sotheby’s International Realty

Six Equestrian Homes for Horse Riders, Breeders and Polo Players – Financial Times

Angelina Jolie Pitt’s Childhood Home Sells for $1.8 Million – Forbes

Spec House on San Francisco’s Gold Coast Seeks $40 Million – Wall Street Journal

A Home for Literature in Mexico – Financial Times

$2 Million Homes in California, Massachusetts and Texas – The New York Times

Walk-through: Trilevel in SF’s Glen Park Linked to Street by Bridge – San Francisco Chronicle

London Rivals: What Frankfurt Can Offer Buyers Quitting the UK – Financial Times

10 Dream Homes that Take City Dwelling to a Whole New Level – Elle Decor

“Pink Star” Diamond Fetches Record Price at Auction – CBS News

Luxury Real Estate Headlines: Last Week in March 2017

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

stg blog$559,900 USD | Hurricane, Utah | Summit Sotheby’s International Realty

“This custom home offers spectacular unobstructed views of Sand Hollow Golf Course and surrounding mountains of Zion, Pine Valley and Kolob. A perfect combination of outdoor and indoor upgraded amenities for entertaining and relaxation – an oversized gunite spa and fire pit, private courtyard with custom water / fire feature and large gourmet open kitchen with hidden walk-in pantry. All this and less than 20 minutes from major shopping centers and restaurants.”

Gorgeous 1960 Home by Pioneering Female Architect Asks $3.5M in San Diego – Curbed

Renovated Townhouse in Boston’s Back Bay Seeks $15.75 Million – Wall Street Journal

6 Idyllic Homes for Horse Lovers – The Week

Sotheby’s International Realty Brand Welcomes List Sotheby’s International Realty in Hong Kong – Sotheby’s International Realty

Billionaire Trader Stanley Druckenmiller Lists Connecticut Estate for $31.5 Million – Wall Street Journal

A Recently Renovated Barcelona Apartment in the Center of it All – Mansion Global

Estate Makes the Most of its Spectacular Carpinteria Setting – Los Angeles Times

7 Amazing Homes in Seattle – The Week

House Hunting in… Munich – The New York Times

Second-Home Prices Slide – Barrons

Luxury Homeowners Build Rooms to Show Off Their Favorite Trophies – Wall Street Journal

Mexico City’s Polanco Boasts Art, Parks and Some Seriously Upscale Shopping – Mansion Global

Locust Valley: A Quiet Burg with Good Schools and Elite Clubs – The New York Times

10 Ultimate Waterfront Homes We’re Coveting Now – Elle Decor

An Emerald with a History Goes to Auction – The New York Times