Summit Sotheby’s International Realty raises $5,700 for Tools for Schools

Summit Sotheby’s Internatioanl Realty is proud to partner with Z104 Utah’s #1 Country for the 2018 Tools for Schools fundraiser at the South Town Mall in Sandy, Utah.

Thanks to our Summit Sotheby’s International Realty sales associates for their donations and contributions to #ToolsForSchools. Our company matched their contributions and now $5700 will be used to buy a lot of socks, underwear, and food for students in need!

We are thankul for our sales associates in attendance Paul Wiseman, Adam Kirkham, Jesse Splan, Camille Nickel, Wes Brewer and Ryan Kirkham.

Summit Sotheby’s International Realty Update for August 2018

It can be easy to assume that all real estate brokerages and sales associates are the same. The truth is, we’re passionate about being different – our unique qualities are at the heart of everything we do. For us, our responsibility goes way beyond assisting our clients in the purchasing and selling of real estate. We’re ambassadors of our community and of our industry. We look at each moment as an opportunity to bring irreplaceable value to our clients around the world, and in the process, redefine the real estate industry. Luxury isn’t tangible. It isn’t a price tag. Luxury is an experience and a commitment to going beyond the status quo. Being different isn’t for everyone, but to us, it is everything.

Spend the Summer with Summit Sotheby’s International Realty 

4th of July Recap

We had a fantastic time at our annual 4th of July party, hosted at our historic 625 Main Street office in Park City. Clients, friends, and family, all decked out in their patriotic attire, packed our offices and enjoyed breakfast and refreshments as the parade made its way down Main Street.

With summer in full swing, we look forward to seeing you at our next Summit Sotheby’s International Realty event.

2018 Tour of Utah

The 2018 Larry H. Miller Tour of Utah will take place August 6-12. Host venues for 2018 include St. George, Cedar City, Payson City, Antelope Island State Park, Layton City, Salt Lake City, Canyons Village, Snowbird Resort and Park City.

“This year’s Tour of Utah has some exciting challenges for competitors, which will make it an incredible seven-day battle for fans to watch,” said John Kimball, managing director of the Larry H. Miller Tour of Utah. “It all starts with the stunning beauty along Red Hills Parkway for the Prologue route in St. George. In the next six days, the course averages 7,200 feet of climbing each day to test our international field of riders. This is truly America’s toughest stage race.”

The seven-day, 536-mile route for this summer’s Larry H. Miller Tour of Utah will include nearly 44,000 feet of elevation gain and the brutal Empire Pass climb.

Check out Summit Sotheby’s International Realty’s selection of fine properties for sale along the 2018 Tour of Utah stages!

Stage 1, August 7: Cedar City

The race route points toward the sky the following day on stage 1, a 101-mile route that will feature an ascent through the Cedar Breaks National Monument. The stage will have a total of 8,950 feet of elevation gain, starting and finishing in Cedar City.

Custom home on two acres with three bedrooms. Add two more bedrooms easily. Builder’s own home with ICF construction, gourmet kitchen, wood beams, Wolf range, SubZero Fridge, and a whole separate living quarters downstairs!

Stage 2, August 8: Payson City

Stage 2 is an 88.6-mile course that starts and finishes in Payson City and has a climb up Mount Nebo. The peloton will finish that climb at 9,300 feet above sea level and then will navigate a twisty, 22-mile descent back into Payson City.

Private Three-Acre Mountain Estate – 425 S Woodland Hills Dr, Woodland Hills

Settled on the mountain among the natural scrub oak, this three-acre estate is the perfect balance of privacy and open views. The current owners bought the land and thoughtfully designed and contracted the home to be built around the view of the mountains looking upwards from the living room and back deck, to the breathtaking valley and lake views from the master suite and library.

Stage 3: August 9: Antelope Island to Layton City

Stage 3 is the longest day of the race at 104 miles and starts on Antelope Island, home to hundreds of American bison. After a windswept 7 miles on the Causeway onto the mainland, the race will serpentine through Davis County to the new finish in Layton.

Refined Mountain Estate – 686 Country Court, North Salt Lake

Nestled in the hills of North Salt Lake, this exquisite mountain estate perfectly combines the best of indoor and outdoor living. Using the finest finishes, the interior is designed to be both refined and very livable, with large spaces for gathering and entertaining, a chef’s kitchen with expansive work surfaces and luxury appliances, a luxurious master suite, comfortable en-suite bedrooms, home theater, and indoor basketball court.

Stage 4, August 10: Salt Lake City

The Tour of Utah returns to Downtown Salt Lake City with a slightly new course. The start/finish line has moved from the Capital to Main Street with an amazing backdrop of the Salt Lake City skyline. The riders will tackle 10 laps of the 6.8-mile downtown course. This year marks the 11th year Utah’s capital has hosted a stage in the Tour of Utah.

Upon pulling up to this property, one would have to look twice to realize this is 1994 construction in a neighborhood of older homes. A real benefit given the 10′ ceiling heights, modern layout, up-to-date electrical, plumbing, HVAC, en-suite baths, closet/storage galore AND a four car garage! This home has recently been updated to suit today’s discerning buyer.

Stage 5, August 11: Canyons Village to Snowbird Resort

Stages 5 will push each rider to the brink. The Aug. 11 fifth stage has three major climbs — Jordanelle Reservoir, Guardsman Pass, and Little Cottonwood Canyon. The peloton will climb 9,975 feet on the queen stage that starts in Canyons Village and ends after 94.8 miles at Snowbird Resort.

New Wasatch Springs Townhouse Community

Wasatch Springs Townhomes present a unique opportunity in the Park City marketplace. Offering brand new construction, gorgeous on-trend finishes, two-car attached garages and just minutes to Park City this simply doesn’t exist anywhere else for the price. Don’t miss out.

Stage 6, August 12: Park City

The final Stage in Park City will travel 76.7 miles through the towns of Summit County. The riders are welcomed into the ranch with a nasty short Category 3 climb that has segments of sustained 15% grades. After a tough segment through Midway, it’s a race to the bottom of Pine Canyon Road, better known as Empire Pass.

Magnificent Views, Style, and Ski Access – Empire Club #505, Park City

Set on the upper slopes of Deer Valley Resort, in the heart of The Village at Empire Pass, Flagstaff is truly extraordinary. This ski in/ski out lodge boasts a range of unique amenities including a spa pool, outdoor fire pit, owner’s family room, children’s game room, fitness center, sunset deck and lodge keeper.

Exceptional Properties deserve Extraordinary Marketing…

Summit Sotheby’s International Realty partners with and distributes properties to the most significant media companies and real estate-focused websites in the world in order to increase exposure and drive the online consumer back to your home. The Sotheby’s International Realty name opens doors to exceptional properties and, with the assistance of our in-house PR team, captures the attention of journalists at key media outlets. As a result, sales associated affiliated with Summit Sotheby’s International Realty generate maximum exposure for important listings, reaching qualified buyers around the world. View our selection of propeties with Extraordinary Exposure during the month of July 2018.

As seen in LuxuryRealEstate.com Magazine

Built in 2003, this luxury estate sits on about 183 acres adjacent to the Wasatch National Forest in Emigration Canyon, east of Salt Lake City. This is the first time this timeless estate has been offered for sale. With incredible privacy, and only a short drive to downtown Salt Lake City and Park City, this is a property that must be viewed by any discerning buyer.

 

As seen on the New York Times Real Estate Video Block

2534 Larkspur Dr, Park City, Utah 84060 – Sold!

A hop, skip and a jump to Main Street, Town Lift, shops and renowned restaurants. Enjoy easy access to the building off Deer Valley Drive, while being away from the traffic and noise. This loft-style condo is a top floor unit, has a spacious and open great room, 10-foot ceilings, and 3-bedrooms: 2 en-suite, with an additional 3/4 bath.

As seen on WallStreetJournal.com – House of the Day

Private Riverfront Legacy Estate with Fishing Pond

Thoughtful design and meticulous craftsmanship are at the forefront of this private riverfront legacy estate on the Provo River at Victory Ranch. Trails and walkways wind through the 3.9 acres of intimate gardens and outdoor living spaces to a private fishing pond with streams and bridges. White pine timber frame construction using only wooden pegs, no nails. Custom appointments include artisan cabinetry, built-ins and vanities throughout, granite and zinc countertops, 700+ bottle wine room, attached greenhouse imported from England, and additional six vehicle stone car-barn with huge finished loft flex room.

As seen in the LIV Magazine | 805 Edition

2411 E Walker Lane, Holladay

This stunning English manor blends the timeless appeal of a Country estate with modern construction and exquisite artistry. Built in 2011, this spectacular residence has an authentic English brick and stone exterior with a hand seamed copper roof. A gated arbor welcomes you through to the governor’s driveway that leads over the natural stream past towering pines and tranquil water features to the stone courtyard. Step outside to the enchanting grounds where tall trees, colorful perennials and cascading waterfalls mesmerize you. Dine in tranquility next to the stone hearth or relax on one of the outdoor patios. The flexible use carriage house has a mother-in-law apartment with a loft and some of the garage bays are currently set up as a fitness room. Located in the exclusive, wooded Walker Lane community.

As seen in Mountain Express Magazine

69 White Pine Canyon, Park City

69 White Pine Canyon is the premiere Park City property; its location gives it the best ski access in Park City, with direct access to 4 of the resorts best lifts, 9990 & Peak 5, and with 20 lockers to hold all that winter gear. This 14 bedroom home has space for everyone, the remarkably lit great room with its 30-foot windows and the large living spaces sprawled throughout the home make it a perfect place for families to gather. This epic ski lodge has all the amenities you can think of and more, take a dip in the spa, warm up in the sauna or steam shower, grab a bottle of wine from the cellar and sit down to a movie in the theater. 69 White Pine Canyon is one of the most sought after properties in Park City, you won’t want to miss it.

As seen on the LuxuryRealEstate.com Homepage

This incredible, multi-generational, Finnish, Honka log, Michael Upwall designed home is beautifully situated on a double lot of 9.8 Acres in the Sandstone Cove subdivision. Comfort and elegance is offered in their 7 bedroom, 9 bathroom home with its massive stone fireplace, floor-to-ceiling windows and beautifully updated chef’s kitchen. This home was designed for entertaining with multiple living spaces, a theater room with a 3D projector and heated outdoor patio. Very recent additions include new extensive landscaping and lighting, a sound system throughout the yard, an in-ground swim spa with retractable top, and an authentic wood -burning pizza oven- just to name a few.

As seen on LuxuryRealEstate.com – Facebook


This stunning private custom mountain contemporary home is perfectly situated atop a hillside, on a private road, in the highly sought after Eagle Pointe subdivision. Upon entering the residence, you are immediately greeted with unparalleled views of Deer Valley and Park City Mountain Resort’s ski runs. A sensation of tranquility fills you, letting you know you are home. Not one detail was overlooked from the hand chosen Telluride Gold stone to the German Alder and reclaimed trussel beams to the hand-ground indigenous rock counters to the fully equipped Creston system. Four bedrooms, four full baths, two powder rooms, climate controlled wine cellar and two dedicated offices complete this luxurious 7000 square foot mountain masterpiece.

Sotheby’s International Realty Affiliate Highlight – Briggs Freeman SIR

This month, we are excited to highlight: Briggs Freeman Sotheby’s International Realty.
Briggs Freeman Sotheby’s International Realty believes that real estate is about you, our extraordinary clients. They aim to serve you with the height of sophistication and state-of-the-art marketing and technology that can help you buy or sell your most prized possession, your home.

Whether you are interested in purchasing real estate for your primary residence or second home, Briggs Freeman Sotheby’s International Realty can make the process of house hunting much easier and more efficient than if you did it all yourself. They can help you get financing, guide you to local neighborhoods, help you determine your budget, and prioritize a list of essential features that you need in your next home.

Briggs Freeman Sotheby’s International Realty agents are experts in the best neighborhoods in Fort Worth, Dallas, Highland Park, Preston Hollow, Uptown, Southlake, and beyond. Let us know if you have any real estate needs in the Dallas/Fort Worth area and we’d love to put you in touch with our friends at Briggs Freeman Sotheby’s International Realty!

Intercap Lending Update

Call us today at 801.485.5665 for assistance with your purchase or refinance and ask to speak with one of the Summit Sotheby’s International Realty loan originators.

 

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Luxury Real Estate Headlines: Last Week in July 2018

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

Park City, Utah | Peter Linsey & Damon Leake –  Summit Sotheby’s International Realty: $3,895,000

“This is a magnificent home that has been remodeled in 2017. The home is very dramatic with amazing high-end finishes with that wow factor! The setting is fabulous as it is surrounded by approximately 1,000 Acres of open space with beautiful views of The Wasatch Mountains. Everything about this home is fantastic! From the the floor plan to the outdoor living space, which includes a separate patio for each bedroom, Living room, and Breakfast room. The kitchen is over the top. There is a separate spa room with a sauna, steam shower, and bath. Outside there is a fireplace, hot tub, and fire pit. Large 4 car garage, great custom lighting throughout, beautiful wine cellar, 7 fireplaces, media room, 2 great wet bars, Great room and family/piano room upstairs with a Grand Master suite, and family room downstairs with separate rec room next to it. This home, with approximately 8,700 Square Feet, is incredibly beautiful. Furnishings are negotiable.

Minimalist Home with Jaw-Dropping Rocky Mountain Views Asks $16.9M – Curbed

When Home is a Portuguese Bachelor Pad Fit for a King – Wall Street Journal

15 of the Most Expensive Homes in the World – Robb Report

Sotheby’s International Realty Continues to Expand Luxury Brand Presence in Southeast Asia – Sotheby’s International Realty

Hot Property: Homes for Cycling Fans – Financial Times

Golfer Raymond Floyd Finds Buyer for $17.5 Hamptons Home – Mansion Global

Lisbon’s Ornate Xabregas Palace Comes Up for Sale – The Spaces

News Anchor Tony McEwing is Ready to Call it a Wrap in Franklin Hills – Los Angeles Times

The Pinnacle Penthouse, The Woolworth Tower Residences, New York City – Elite Traveler

Tokyo Developments Curtailed by Rising Construction Costs – Financial Times

House Hunting in… Argentina – The New York Times

At Emirate Hills in Dubai, More is More – Mansion Global

LIVE | Music – Sotheby’s International Realty

This Ford GT40 From Le Mans is Poised to Take the Lead at RM Sotheby’s Monterey Sale – Robb Report

Luxury Real Estate Headlines: Third Week in July 2018

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

8030 Glenwild, Park City | Summit Sotheby’s International Realty | Offered at $3,500,000

Perfect integration of indoor/outdoor living, spacious rooms, plus the ultimate amenities for entertaining in luxury and style. Located in Park City School District’s premier gated community, this home sits on a double, fully landscaped lot, providing visually stunning gardens and privacy. Flat, heated driveway leads to two 2-car garages with custom storage. Open main level floor plan with floor to ceiling walls of glass overlooking the natural surroundings. Disappearing glass doors encompass the oversized deck ensuring year round enjoyment. The kitchen and butler’s pantry contain an amazing array of the highest end Wolf and Subzero appliances, including 2 warming drawers, Wolf steamer, 2 Asko dishwashers and Miele espresso maker. Copper sinks, stone masonry walls & fireplaces add warmth and charm. The lower level is an entertainer’s paradise, with billiards, foosball, wet bar, wine room, theater room, TV room and fully equipped home gym. This home promises luxury and good times.

Would You Invest 40 Percent More Money For Sustainable Real Estate? – Utah Business Magazine

This New Orleans Home Features the Best of the French Quarter—and We’re Totally Swooning – Country Living

Rustic country house hits the market in Vermont for $800k – The Spaces

A Utah Estate Nestled in Nature – Wall Street Journal

$4.75M ultra-modern home on St. Croix River is like ‘living in a work of art’ – Star Tribune

Homes That Sold for Around $1,000,000 – New York Times

A Stately 1930s Brick Colonial in Suburban Connecticut – Mansion Global

$850,000 Homes in New York, Indiana and Oregon – New York Times

Can Anyone Get a Deal in the Hamptons? – Bloomberg

Sweet Tudor-inspired home seeks $995K in Atwater Village – Curbed

House Hunting in … Israel – New York Times

Spike Jonze falls for a Midcentury home in Malibu’s Point Dume – Los Angeles Times

Bel Air Home with Old Hollywood Pedigree Lists for $5.785M – Mansion Global

James Rosenquist’s Lower Manhattan Home for Sale at $14.5 M – Art News

Sotheby’s to host first all gold auction after demand surges from Asia and Middle East – The Telegraph

Robin and Marsha Williams’ Personal Collection to Open at Sotheby’s New York – The Hollywood Reporter

Extraordinary Exposure: July 2018

Exceptional Properties deserve Extraordinary Marketing…

Summit Sotheby’s International Realty partners with and distributes properties to the most significant media companies and real estate-focused websites in the world in order to increase exposure and drive the online consumer back to your home. The Sotheby’s International Realty name opens doors to exceptional properties and, with the assistance of our in-house PR team, captures the attention of journalists at key media outlets. As a result, sales associated affiliated with Summit Sotheby’s International Realty generate maximum exposure for important listings, reaching qualified buyers around the world. View our selection of propeties with Extraordinary Exposure during the month of July 2018

As seen in the LuxuryRealEstate.com Magazine

Built in 2003, this luxury estate sits on about 183 acres adjacent to the Wasatch National Forest in Emigration Canyon, east of Salt Lake City. This is the first time this timeless estate has been offered for sale. With incredible privacy, and only a short drive to downtown Salt Lake City and Park City, this is a property that must be viewed by any discerning buyer.

 

As seen on the New York Times Real Estate Video Block

2534 Larkspur Dr, Park City, Utah 84060 – Sold!

A hop, skip and a jump to Main Street, Town Lift, shops and renowned restaurants. Enjoy easy access to the building off Deer Valley Drive, while being away from the traffic and noise. This loft-style condo is a top floor unit, has a spacious and open great room, 10-foot ceilings, and 3-bedrooms: 2 en-suite, with an additional 3/4 bath.

As seen on WallStreetJournal.com – House of the Day

Private Riverfront Legacy Estate with Fishing Pond

 

Thoughtful design and meticulous craftsmanship are at the forefront of this private riverfront legacy estate on the Provo River at Victory Ranch. Trails and walkways wind through the 3.9 acres of intimate gardens and outdoor living spaces to a private fishing pond with streams and bridges. White pine timber frame construction using only wooden pegs, no nails. Custom appointments include artisan cabinetry, built-ins and vanities throughout, granite and zinc countertops, 700+ bottle wine room, attached greenhouse imported from England, and additional six vehicle stone Car-Barn with huge finished loft flex room. Outdoor living area features dining and lounge spaces, TV, built-in Wolf Grill, fire pit, hot tubs, and sauna. Victory Ranch is a private gated resort community on 6,700 acres along four miles of the upper Provo River. Custom furniture and Ty Loyola built-ins originally valued at over $1M are included in this move-in ready home.

As seen on the LuxuryRealEstate.com Homepage

This incredible, multi-generational, Finnish, Honka log, Michael Upwall designed home is beautifully situated on a double lot of 9.8 Acres in the Sandstone Cove subdivision. Comfort and elegance is offered in their 7 bedroom, 9 bathroom home with its massive stone fireplace, floor-to-ceiling windows and beautifully updated chef’s kitchen. This home was designed for entertaining with multiple living spaces, a theater room with a 3D projector and heated outdoor patio. Very recent additions include new extensive landscaping and lighting, a sound system throughout the yard, an in-ground swim spa with retractable top, and an authentic wood -burning pizza oven- just to name a few.

As seen on LuxuryRealEstate.com – Facebook


This stunning private custom mountain contemporary home is perfectly situated atop a hillside, on a private road, in the highly sought after Eagle Pointe subdivision. Upon entering the residence, you are immediately greeted with unparalleled views of Deer Valley and Park City Mountain Resort’s ski runs. A sensation of tranquility fills you, letting you know you are home. Not one detail was overlooked from the hand chosen Telluride Gold stone to the German Alder and reclaimed trussel beams to the hand-ground indigenous rock counters to the fully equipped Creston system. Four bedrooms, four full baths, two powder rooms, climate controlled wine cellar and two dedicated offices complete this luxurious 7000 square foot mountain masterpiece.

 

Luxury Real Estate Headlines: Second Week in July 2018

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

Nestled among some of Utah’s most scenic landscape, the Happy Valley Ranch offers an amazing lifestyle of outdoor living that is unique to only the white sandstone formations of Boulder Mountain. Breathe in the amazing views from your deck as you entertain family and friends after a long day at one of the many nearby attractions: Capitol Reef National Park, Goblin Valley, Fish Lake, and Bryce Canyon. Enjoy fishing in your own personal fish pond, stocked with enormous Rainbow Trout, or set out for an ATV ride on any of the many trails just outside your front door. Wake up your kids or guests with an amazing breakfast in the spacious kitchen sitting around the oversized kitchen island. If your looking for a quiet moment, the solarium offers breathtaking views of the landscape, all while sitting on the sofa enjoying a good book. Property features running water, full solar, and septic sewer system. Property is completely off the grid, but offers cell phone service, T.V., and internet via satellite. Property does include 8 lots that have already been approved for subdivision. Personal property located within the cabin, as well as ATV’s and accompanying trailers are included in the sale. Call a piece of Utah’s famous landscape your own, and bring all your family and friends to show them what opportunities await at Happy Valley Ranch.

The Denver Broncos Mascot’s $23 Million Ranch is for Sale – Bloomberg

A Modern Barn-Style House in Bridgehampton, New York – Mansion Global

Hot Property: Fun Homes for Children – Financial Times

The 5 Hottest Addresses in Singapore’s Luxury Condominium Scene – The Peak Magazine

An Equestrian Property in a Tony Connecticut Suburb – Mansion Global

What You Get for $2 Million – The New York Times

6 Beautiful Homes on Canals – The Week

Judy Garland’s Former Malibu Beach House Sells for $3.5 Million – Mansion Global

House Hunting in… Canada – The New York Times

Coastal Oregon’s Properties Under Threat by Rising Tides – Financial Times

Redevelopment Keeps Montclair on the Map – The Real Deal

Buying a Home Sight Unseen – The New York Times

Now This is How To Throw a Pool Party – Elle Decor

Original Winnie-the-Pooh Map Sets World Record at Auction – The Guardian

Luxury Lineage: A Brief History of the Ferrari 250 GTO – Forbes

July 2018 Washington County Real Estate Market Video Update

July 2018 Washington County Real Estate Market Video Update

Summit Sotheby’s International Realty has released information about real estate markets in Washington 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.

Washington County – Single Family Homes: Active inventory was down 16% from 2017 with 821 units on the market and down 1% from the previous month. The median listing price was just under $410,000. The average days on market was down 10% from 49 days in 2017 to 44 days in 2018. The median sales price was just under $350,000. The averages for units sold in the month decreased 1% for units sold year over year and increased 18% month over month with a total of 320 units sold.

Washington County – Condominiums: Active inventory was down 1% from 2017 with 103 units on the market and down 13% from the previous month. The median listing price was just over $270,000. The average days on market was down 26% from 35 days in 2017 to 26 days in 2018. The median sales price was just under $200,000. The averages for the month show an decrease of 17% for units sold year over year and a 22% decrease over the previous month with a total of 63 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

July 2018 Salt Lake County Real Estate Market Video Update

July 2018 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 18% from 2017 with 2,022 units on the market and up 3% from the previous month. The median listing price was $460,000. The average days on market was up 0% from 22 days in 2017 to 24 days in 2018. The median sales price was just over $360,000. The averages for units sold in the month of June decreased 8% for units sold year over year and increased 5% month over month with a total of 1,290 units sold.

Salt Lake County – Condominiums: Active inventory was down 36% from 2017 with 481 units on the market and up 3% from the previous month. The median listing price was $300,000. The average days on market was up 24% from 25 days in 2017 to 31 days in 2018. The median sales price was just under $250,000. The averages for the month of June show an increase of 0% for units sold year over year and increased 4% over the previous month with a total of 430 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

July 2018 Greater Park City Real Estate Market Video Update

July 2018 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 15% from 2017 with 724 units on the market and up 3% from the previous month. The median listing price was just under $1.8 million. The average days on market was up 17% from 69 days in 2017 to 81 days in 2018. The median sales price was just under $950,000. The averages for units sold in the month decreased 21% for units sold year over year and decreased 10% month over month with a total of 110 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 July 2018

569 Deer Valley Loop #8
Park City Utah | Christine Grenney, Summit Sotheby’s International Realty

“Imagine living just a short walk from Old Town’s Gold Coast. Within minutes, you can be dining at an acclaimed restaurant or touring Main Street’s art galleries. As if the location couldn’t get any better, The Lofts townhomes are also on the bus route, just over a mile from world-class skiing. The caliber of the property itself, however, doesn’t pale in comparison to its desirable setting. .”

Georgia’s Priciest House Hits Market in Atlanta for $25M – Mansion Global

Railroad Chief’s Equestrian Estate Returns for 40% Off – Wall Street Journal

6 Beautiful Homes in the Mountains – The Week

Hot Property: Homes for Car Lovers – Financial Times

Contemporary Home in Rio de Janeiro with a Striking View – Mansion Global

$650,000 Homes in Rhode Island, Missouri and Tennessee – The New York Times

6 Historic New Jersey Homes – The Week

Hamptons Surf Home Sells for Almost $23 Million – Wall Street Journal

Tyra Banks Buttons Up Another Home Sale in Pacific Palisades – Los Angeles Times

Info is Key to Buying New Development Off Plan – Mansion Global

In Cooling Housing Markets, ‘Bump Clauses’ Help Seal Win-Win Deals – Wall Street Journal

Munich’s Schwabing is Lively, Central, and Upscale – Mansion Global

Bank of Mum and Dad: Study Shows How a Growing Number of Singaporeans are Paying for Their Homes – Domain

How I Went From a High School Teacher to a C-Suite Executive Through the Power of ‘Yes’ – Thrive Global

The Reverie of Island Living – T Brand Studios

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

Victoria Beckham’s Favorite Rubens Painting Fetches $7 Million at Sotheby’s Old Masters Sale – artnet News