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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 USD | 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

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

Luxury Real Estate Headlines: First Week in September 2017

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

$3,650,000 USD | 378 E Capitol Oaks Lane | Salt Lake City, Utah

“The U-shaped architectural design takes full advantage of floor-to-ceiling windows, a private courtyard with fountain and pond, covered decks, and provides easy access to the pool.”

Yahoo’s First CEO is Selling His House for $19.4 Million – Bloomberg

Bill and Hillary Clinton’s Hamptons Summer Rental Sells – Wall Street Journal

22 of the Most Beautiful Cabins for Sale in America – Architectural Digest

A Palatial Golf Course Estate in Southern Portugal – Mansion Global

Seven Waterside Homes – Financial Times

Katherine Hepburn’s Connecticut Home Sells for $11.5 Million – Forbes

12 Great Homes for Sale Near National Parks – Washington Post

Grand Summer Cottage in New Hampshire Asks $7.5 Million – Mansion Global

6 Luxurious Lake Homes – The Week

Former Astronomer’s $6.75M Georgetown Home on Sale for First Time in 110 Years – Curbed

Actor Tim Daly is Ready to Part With His Hip Santa Monica Condo – Los Angeles Times

12 of the Best Properties with Swimming Pools on the Market – Country & Town House

Since Revolutionary Times, Boston’s Beacon Hill Has Been a Coveted Area – Mansion Global

Sustainable Homes See Rising Demand in Region; Hong Kong a Laggard – South China Morning Post

5 Things to Know About Buying Property in Mallorca – Boat International

Burgeoning Guangzhou is No Longer Living in the Shadow of Beijing and Shanghai – Mansion Global

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

Vivien Leigh’s Diaries Recording Olivier Romance Up For Auction – Reuters

Extraordinary Video of the Week: Awesome Unit with Unobstructed Views

$2,900,000 | Park City, Utah | Summit Sotheby’s International Realty

6597 Lookout Drive #9, Park City, Utah
5 BD | 4.5 BA | 5,743 SF | MLS #1388798

Located in the Silver Lake area of Deer Valley®. This exquisite townhome lives like a single family home with unobstructed views of Deer Valley® and Park City. This is a great family home with a superb great room, media room, plus a large family room, gourmet kitchen, and two-car garage. The HOA trails on the property and a free shuttle to both Snow Park and Silver Lake Lodge are just a few qualities of the property. Located mid-mountain at Deer Valley® Resort, the area known as Upper Deer Valley is the location of some of the area’s most beautiful and elegant mountain homes and condominiums.

Global Network with Summit Sotheby’s International Realty and LuxuryRealEstate.com

The Park Record 8.12.2017

WE TAKE PRIDE IN OFFERING OUR CLIENTS AN UNPRECEDENTED LEVEL OF EXPOSURE
When your property is represented by Summit Sotheby’s International Realty, it not only benefits from the worldwide recognition and prestige of the Sotheby’s name, it also gains access to highly qualified global clientele through our exclusive affiliations with Sotheby’s International Realty and luxuryrealestate.com. These strategic affiliations ensure a consistent, high-quality customer experience, resulting in maximum exposure for our clients seeking to reach buyers from all corners of the world. Simply put, only with us will your property be displayed and marketed by the top two luxury real estate networks in the world. This level of exposure is just another example of how Summit Sotheby’s International Realty is like no other.