Luxury Real Estate Headlines: Fourth Week in September 2017

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

$359,000 | 1269 E Ridgedale Lane | Salt Lake City, Utah

“Charming home in fantastic Millcreek area. All brick, neutral colors, modern kitchen, updated bathroom, hardwood floors, and a front porch make this ready to move in! Also has an awesome yard and covered patio to entertain and enjoy. “

A Private Venice Palazzo is an Art Lover’s Dream – Mansion Global

Woolworth Building Penthouse Hits the Market for $110 Million – Wall Street Journal

Meet the New COO of Sotheby’s International Realty – Inman News

Seven Homes Built for Lateral Living – Financial Times

The Luxurious Monaco Properties to Invest in Now – Boat International

Veteran Jazz Bassist Moonlights as a Landlord in Studio City – Los Angeles Times

5 Homes That Will Make Die-Hard Sports Fans Cheer – Robb Report

House Hunting in… Helsinki, Finland – The New York Times

The Ibizan Scene Grows Up – Financial Times

Pelham, NY: Close to the City, but With a Friendly Vibe – The New York Times

Someone Bought a House in Texas Using Bitcoin – EconoTimes

10 Vineyard Homes You Can Actually Move Into – Elle Decor

Sotheby’s to Auction 90 Years of Little Black Dresses – WWD

Sotheby’s Upcoming Diamond Auction to Feature Rare Stones – South China Morning Post

Extraordinary Video of the Week | One of a Kind

Extraordinary Video of the Week

 

661 N Saddle Hill Road, Salt Lake City, Utah
4 BD | 7 BA | 2 Partial BA | 14,879 SF | MLS #1323835

This dignified and impressive home combines modern luxury with a traditional ambiance. Its warm, inviting, open floor plan features spacious rooms with comfortable spaces that lend themselves to small family or personal gatherings, or to large parties that can flow from inside to outside, all the while enjoying the spectacular views of the valley and mountains. Built in 1997 and extensively remodeled fours years ago, this custom home features every imaginable amenity: rich cherrywood flooring, soaring ceilings, custom hand carved fireplace, bright airy rooms, custom Cottonwood cabinetry, spacious kitchen/great room and auxiliary Butler’s pantry, craft room, two personal offices, nanny’s quarters, Crestron audio/video/alarm systems, and four bedrooms, each with their own bathroom, including a spectacular Master Suite that boasts commanding views of the entire valley, yet still maintains complete privacy. The home was built by a local builder with red iron steel construction and a magnificent exterior made of Spanish granite imported specifically for this home. Other features include a dazzling pool, lavish grounds with year round waterfall/stream feature, outdoor play area, heated driveway and sidewalks, garages with heat and water, and many other extensive architectural details.

View more information and photography here.

New Listing Monday | Summit Sotheby’s International Realty New Listings of the Week

View our selection of new listings this week in the Park City and Salt Lake City areas!

http://www.summitsothebysrealty.com/eng/sales/ut-usa/broker-listings-dstype/week-posted
2419 Lucky John Drive, Park City, Utah  |  Offered at $4,370,000

Luxury Real Estate Headlines: Third Week in September 2017

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

$2,350,000 USD | Park City, Utah | Summit Sotheby’s International Realty

This beautiful uphill floor plan backs up to Round Valley, which boast miles of hiking and biking trails. The abundance of windows frame the incredible views of the mountains, ski runs and golf course. A floor-to-ceiling, two-story fireplace and beam ceilings are the focal point of the great room — a sure conversation starter. Owners will enjoy the spacious kitchen with top-of-the-line appliances and plenty of prep-space for entertaining family and friends. This is a great primary or vacation home with its great in-town location.

Outside Dallas, a Castle-Style Home Brings a Bit of France to Texas – Mansion Global

Prime Properties with a Bountiful Harvest – Financial Times

Tommy Hilfiger Again Slashes Millions off Plaza Hotel Penthouse – Wall Street Journal

Sotheby’s International Realty Brand Expands Presence in South Carolina – Sotheby’s International Realty

East Hampton Tudor with 10,000 Square-Feet Asking $3.2M – Curbed

4 Incredible Homes for Sale with Vineyards Attached – Galerie

Property of the Month: A Former Monastery on Italy’s Glamorous Amalfi Coast – Boat International

Stately Jefferson Park Craftsman with Updates Galore Lists for $1.2M – Curbed

A Mexican Wave – Financial Times

Grape Expectations – Portfolio

Stockholm’s Most Fashionable Neighborhood Offers Architectural Gems – Mansion Global

Tech Millionaires Prop Lake Tahoe Property Market – Financial Times

The Time is Ripe for Home Buyers in Bordeaux – Wall Street Journal

Hurdlr Earns Grand Prize at Realogy FWD Innovation Summit – Realogy

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

Vivien Leigh’s Jewelry on Auction at Sotheby’s – The New York Times

Extraordinary Video of the Week | Sotheby’s Cares Golf Tournament

The annual Sotheby’s Cares Golf Tournament took place this year in August at Victory Ranch. Summit Sotheby’s International Realty shows commitment and excellence in the real estate world, and by being involved with local Utah communities. Last month, our agents and clients teed off to to support local non-profit organizations.

Raising over $550,000 since its inception, Sotheby’s Cares continues to support local charities and non-profits.

By choosing Summit Sotheby’s International Realty, you help us support the community and we graciously thank you.

September 2017 Salt Lake County Real Estate Market Video Update

September 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 the previous month. 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 14% from 2016 with 2.549K units on the market and up 5% from the previous month. The median listing price was just over $413.9K. The average days on market was down 10% from 29 days in 2016 to 26 days in 2017. The median sales price was just over $332K. The averages for units sold in the month of August decreased 18% for units sold year over year and decreased 3% month over month with a total of 1.122K units sold.

Salt Lake County – Condominiums: Active inventory was down 25% from 2016 with 591 units on the market and down 3% from the previous month. The median listing price was just under $272K. The average days on market was down 16% from 31 days in 2016 to 26 days in 2017. The median sales price was just over $219K. The averages for the month of July show a decrease of 3% for units sold year over year and up 6% over the previous month with a total of 414 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

September 2017 Greater Park City Real Estate Market Video Update

September 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 the previous month. 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 800 units on the market and down 5% from the previous month. The median listing price was $1,390,000. The average days on market was up 16% from 69 days in 2016 to 80 days in 2017. The median sales price was $829,000. The averages for units sold in the month of August increased 9% for units sold year over year and increased 10% month over month with a total of 141 units sold.

Greater Park City Area – Condominiums: Active inventory was down 23% from 2016 with 397 units on the market and down 7% from the previous month. The median listing price was just over $899,000. The average days on market was up 21% from 67 days in 2016 to 81 days in 2017. The median sales price was just under $557,000. The averages for the month of August show an increase of 13% for units sold year over year and up 42% over the previous month with a total of 85 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

Luxury Real Estate Headlines: Second Week in September 2017

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

$599,000 USD | Summit Sotheby’s International Realty | Midway, Utah

“This fabulous home in Interlaken/Midway was finished in 2015 and sits perched on over a half acre with beautiful views of the Heber Valley. Featuring 4 bedrooms, 3 1/2 baths, a wonderful great room with vaulted tongue and groove ceilings, a cook’s kitchen, a fenced dog run with beautiful landscaping, a 3 car garage with extra storage space and 3 lovely outdoor living spaces, this house is sure to impress! Just 10 minutes from Deer Valley and the Jodanelle with trails and golf minutes away, escape the rat race and make this your sanctuary.”

An Iconic Gilded Age ‘Cottage’ Offers Waterfront Access in Bar Harbor, Maine – Mansion Global

A Chunk of the Hawaiian Island of Molokai Seeks $260 Million – Wall Street Journal

The Boldest Brutalist Homes for Sale in the World – Architectural Digest

Prime properties with an Asian influence – Financial Times

Surprise: Greenwich Home Sells For $2 Million Over Asking – Wall Street Journal

17th-century estate on 75 acres asks $10M – Curbed

You’re Going to Want to Live In This White Farmhouse for Sale in Vermont – Country Living

Outside Dallas, a Castle-Style Home Brings A Bit of France to Texas – Mansion Global

Historic Seven Sisters home in Montauk goes up for sale, asking $16.25M – Curbed

San Francisco Loft with Room for Dancing – Wall Street Journal

House Hunting in … Corsica – The New York Times 

Bohemian vibe attracts homebuyers to Taos – Financial Times

Montreal’s Mountainous Westmount Area Sees Influx of Younger Luxury Buyers – Mansion Global

Sunbaths and Solar Power: The Elegance of Eco-Living – T Brand Studio

10 Gorgeous Homes That Get Luxe Mountain Living Right – Elle Decor

Sotheby’s Launches Its First-Ever Contemporary Photography Auction, Tapping Into a Newly Hot Market – ArtNet

Extraordinary Video of the Week | 923 Park Avenue

Award-winning Historic Remodel in Old Town

923 Park Avenue, Park City, Utah
4 BD | 5 BA | 2,874 SF | MLS #1460911

Construction complete on this award-winning, Historic remodel. This wonderful home, located just steps from Historic Main Street, has been rebuilt from top to bottom and offers the creature comforts of new construction and mountain modern design without losing its historic charm. Located right on Park Avenue within a half block to the Town Lift and everything Old Town has to offer, the location is truly fabulous. With almost 2,900 square feet, a fantastic, open main floor plan, lower-level family room with wet bar, a private main-floor master retreat, a dedicated bath in every bedroom, and a fantastic outdoor fire pit and lounge, this home is an amazing opportunity for a vacation or rental property in Old Town.

View more information http://tishadigman.summitsothebysrealty.com/eng/sales/detail/280-l-3583-jtwcmb/award-winning-historic-remodel-in-old-town-park-city-ut-84060

Sotheby’s Cares Golf Tournament 2017

Last Monday was Summit Sotheby’s International Realty’s annual “Sotheby’s Cares” Golf tournament, generously hosted by Victory Ranch. Thank you to everyone who came out to support the local community!

Check out the “Sotheby’s Cares” feature in the Park Record  double truck that ran over Labor Day weekend!

Philanthropy

When we talk about Summit Sotheby’s International Realty and how our sales associates differ from the competition, we typically talk about market share, significant sales, and global brand power. The truth is, our commitment to excellence in real estate is only matched by our commitment to our community. This week, our agents and clients teed off to support local non-profit organizations at the awe-inspiring course at Victory Ranch. We are proud to share with you, our neighbors, our community, and our friends, that since its inception, Sotheby’s Cares has raised $550,000 and counting for local charities and non-profits. By choosing Summit Sotheby’s International Realty, you help us support the community and we graciously thank you.