Park City Utah, Real Estate Newsletter 
August 2016
From the Desk of Brad Jensen
 
We are now deep into our summer season. The annual Park City Arts Festival was once again a huge success and lots of fun was had on Main Street. If you haven't ever been in town for the Friday "Local's Night Stroll" you have to try it. It is the best of the arts fest. 
The Tour of Utah bicycle race is considered the toughest stage race in North America and has become one of the most prestigious bike races in the country. Thanks to all of you who came by our Main Street office to enjoy the festivities and one of the most dramatic finishes yet as Lachlan Morton from Team Jelly Belly over took the yellow jersey in the final sprint up Main Street right past our office to secure the stage win and to win the General Classification. We have been very fortunate in Park City to have the race organizers include us in one or more of the stages. To have the final stage finish on Main Street this year was fantastic. 
School begins for most kids in a couple of weeks and then it will quiet down around town until the snow flies. The autumn season is an excellent time to be in Park City. The days are warm, the nights are cool, and the autumn colors are spectacular. It is the best time of the year for hiking and biking on any of the many trails around town. There is always a wonderful anticipation in the air as the seasons change. People begin to think about the upcoming ski season.  Which by the way is a reminder to get your ski passes during the pre-season sale period. 
The real estate market continues to be strong. Inventories are continuing to shrink and prices are inching up steadily. It is becoming more and more difficult to find lower to mid-range priced properties. There is still an overabundance of higher priced properties in the market place.
For the past six months to date, there have been 590 Single Family Homes sold with an average price of $1,107,000 and a median price of $676,000. There have been 422 condos sold with an average price of $656,000 and a median price of $498,000. There have been 264 parcels of vacant land and improved lots sold with an average price of $437,000 and a median price of $222,000.
For more detailed information regarding market activity please see second quarter statistics below. 
If you ever have questions about the market or activity in your neighborhood please reach out to me. I am always happy to discuss and can provide specific data for your area of the market. 
I hope to see you all out on the trails this fall. 

Sincerely,

Brad Jensen
(435) 901-8333
Summit Sotheby's International Realty
Park City Area Market Update | Q2 2016

We invite you to review Summit Sotheby's International Realty's residential market update for the Greater Park City area for the 2nd Quarter 2016, comparing current year with previous years. This update also provides market data for Summit County, Wasatch County, 84060, 80498 and individual Park City MLS areas.

Market data provided includes:
Average List Price, Average Sold Price, Average Monthly Supply of Inventory among others for 25+ distinct Park City market areas and is broken out by Single Family Homes and Condominiums and Vacant Land.




The Collections Magazine is Summit Sotheby's International Realty's premiere guide of the finest luxury properties, lifestyles and real estate throughout Utah. Each issue, published bi-annually, showcases luxury estates and homes for sale from the finest international real estate specialists.

SSIR Comprehensive Park City 
Real Estate Market Update Website
Real estate is hyper local. So much so, that each neighborhood, block and even street can have varying histories and current market data. This is why we built parkcitymarketupdate.com, a responsive, user-friendly website to help you navigate Park City's market trends. Here you'll find videos, infographics, quarterly and yearly reports, all broken down by neighborhood. Want more in-depth information? A property evaluation? Connect with Brad Jensen for up-to-the-minute market information and expert knowledge and experience
Market Update
Deer Valley Nightly Rental
Nantucket Island, MA Rental   
Upcoming Park City Events
08/01/2016 to 08/15/2016 - Audiences of all ages enjoy the wonderful "Chamber Music in the Park Concerts" presented by the Beethoven Festival Park City. Bring your lawn chairs, blankets and picnics and enjoy performances by ...»
07/08/2016 to 09/02/2016 - Put on your walking shoes and explore Park City's Historic Main Street! Explore the architecture and stories of Park City's unique history-from the days as a booming mine town to an emerging ski town. ...»
07/27/2016 to 09/02/2016 - The parade starts at the top of Main Street, heads downhill and makes a left on 9th Street, then proceeds down Park Ave to City Park.If you would like to march in the parade or enter a float, you can ...»
07/12/2016 to 08/16/2016 - Hops on the Hill is a Tuesday Night Summer Festival at Stein Eriksen Lodge, located mid-mountain at Deer Valley Resort. Each event will feature beer samplings by Utah's finest, award-winning craft ...»
08/17/2016 to 08/17/2016 - Afro Omega began receiving messages from the mothership in 2003. For the last decade they have traveled across the globe fighting racism, classism, poverty, and depression with pure fire mixed with ...»
06/29/2016 to 08/31/2016 - Concert located on our plaza from 7-9:30 PM. 21 and up for seating at our bar - Tavern. Under 21 seating on the restaurant patio and surrounding areas. ...»
06/01/2016 to 10/26/2016 - Each Wednesday, Canyons Village at Park City will once again host Park City's Farmers' Market from 12:00 pm - 6:00 pm in the Cabriolet parking lot. Stop by for fresh produce, fresh baked bread and ...»
08/18/2016 to 08/20/2016 - Presented by The Neil Simon Festival. Showing in repertory with 'Brighton Beach Memoirs". America's premier comic playwright crosses the Atlantic for a suite of hilarious comedies set in a deluxe ...»
08/18/2016 to 08/18/2016 - Hot Buttered Rum lives for a good time, and a mindful recklessness settles in whenever these five guys step on stage. From Anchorage to Miami, the group's onstage chemistry fuels the lovefest that is ...»
07/07/2016 to 08/18/2016 - Join Alisha Niswander of Mountain Vista Touring, and Christa Jutras of The Yoga Beauty for an adventure you won't soon forget. Starting with a grounding yoga practice on land, we will then move to the ...»
08/17/2016 to 08/21/2016 - The Neil Simon Festival presents Brighton Beach Memoirs at Egyptian Theatre. Dreaming of baseball and girls, Eugene must cope with the mundane existence of his crowded family life in Brooklyn with an ...»
08/19/2016 to 08/19/2016 - Celebrate the end of summer and our Summer Challenge by watching a movie with us outside on the patio. We'll screen "Goonies", so the whole family is welcome.    ...»
08/19/2016 to 08/19/2016 - Steve Miller has crafted a one-of-a-kind brand of rock 'n' roll music since the late '60s when he was a mainstay of the San Francisco music scene. Hit followed hit in an endless flow: "The Joker," ...»
08/20/2016 to 08/20/2016 - Multi-instrumentalist, Jon Batiste and his band, Stay Human are currently the house band on The Late Show with Stephen Colbert. A Louisiana native, bandleader and musical director, Batiste keeps ...»
08/20/2016 to 08/20/2016 - The Summit Land Conservancy is hosting its 2nd annual Blue Sky Bash to raise money to save land. This summer's best benefit party will take place Saturday, August 20th at Blue Sky Ranch in Wanship. ...»
11/01/2015 to 08/27/2016 - Climb through the EcoSystem from the bedrock all the way to the uplands. Our indoor climbing wall is fun for all ages. We supply the harness and ask that you come with shoes having covered toes. ...»
06/26/2016 to 09/04/2016 - Catch the high-flying action every weekend through July and August with the Flying Ace All-Stars Freestyle Show. See Olympians and National Team skiers and snowboarders perform acrobatic feats as they ...»

 

Our Blog
There are a long list of amazing qualities to appreciate about Park City's community. But perhaps no reason is more often touted as a reason to live in the area than the town's local public schools. High quality education, plenty ......»

 

From the Desk of Brad Jensen The summer season has been fantastic. It is hard to believe that we are already deep into July. Biking, outdoor concerts, golf and watersports are all on the agenda these days. I hope that ......»

 

As a dog owner, when you're planning a vacation, or considering moving to a new area, you need to know what facilities and activities are available to your special canine companion. In Park City, Utah, the accommodation of your pet ......»

 

Park City, Utah has become pretty synonymous with skiing and snowboarding. It is also a popular destination for movie lovers thanks to the annual Sundance Film Festival. But this upscale location has a whole lot more to offer those who ......»

 

Having been in the real estate business for more than 28 years, we know how important it is for our clients to find their dream home. What they might not always consider is that a house doesn't become a ......»
Deer Vista | 103 Home Sites | Starting at $355,000

Deer Vista is a gated residential community located on the shores of the Jordanelle Lake, just minutes east of Park City. Every homesite in Deer Vista enjoys a breathtaking panoramic view of the surrounding mountains mirrored in the lakes reflection. Imagine relaxing on your deck as the sun rises across the lake before heading out to play a round of golf at any of the nine spectacular public courses, or just dropping in at the Jordanelle gondola to catch first tracks. Deer Vista is the ultimate setting with competitively priced homesites offering quick and easy access to the arts and recreation that Park City is known for. Deer Vista is an incredible value for full time residents and second home owners alike. All utilities, roads and community trails are complete and the developer has paid the water bond, which represents a huge savings to property owners of between $18,000 and $22,000 as compared to other new developments in the area. 
 Dreams do come true, at Deer Vista.
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If you would like more information on your market area wherever it may be, please let me know. If it is not my area of expertise I can most certainly find a professional in your area who can assist you. It is great to be a part of such a powerful Sotheby's International Realty network. 

Sincerely, 
Brad Jensen 
(435) 901-8333
Brad Jensen
Associate Broker
Summit Sotheby's International Realty
(435) 901-8333