Promontory Ranch Club Park City Utah

Promontory is one of Park City's outstanding communities here in Park City. It is actually the reason why I ended up living  here -but that is another story.

This blog is about the re-boom ( is that a word?) of Promontory in Park City.

Promontory has had an interesting history. It goes sort of like this:
Launch - Wow! great new community
Success - tourists and locals alike took to this community with lots of amenities
Bankruptcy - Ouch. Many homeowners were hurt by this and lost their homes and fortunes
Rebound - slowly but surely
Hot property - Promontory Ranch Club is one of the fastest selling communities in Park City.

The beginning of the Rebound was spurred on by the fabulous priced bank owned homes and lots. The club was still doing well and they built the Shed. One of the best amenities in my opinion. The bank owned deals are pretty much gone, but the popularity remains.

Click here to see a sampling of Promontory Homes for Sale

Promontory has beautiful views of all 3 resorts and is only minutes from Deer Valley, Park City and Canyons ski resorts. The shuttle is waiting to take you to the resorts. Don't feel like skiing? The tennis courts are converted into a skating rink in the winter  - or how about visiting the outfitter's cabin and grabbing some snowshoes?

It's a community that caters to people that love a fulfilling lifestyle. Check out Promontory's video telling a bit about their resort.

Contact me for Promontory Real Estate
Heather Feldman
435-731-0803
heather@parkcityhousehunters.com

Park City Real Estate 3rd Quarter

Statistics released by the Park City Board of Realtors is showing a steady improvement in the local
Real Estate Market.
Might just be the right time to get in to the 

Park City market before we see another boom!

A few highlights:
Active listings are at the lowest since 2007...
Distressed Sales continue to drop...
Sales are up 3% from 2011...
Median price is up 11%....


Click here for more detailed information about Park City's Real Estate Statistics 

Contact me for more information:

Heather Feldman

Equity Real Estate Luxury Group

435-731-0803

heather@parkcityhousehunters.com

  

The Best Place to live in Park City Utah

Visitors come to Park City, fall in love and want to start a great life here.  Just like I and many others did!
The tough part is how to choose which area is best for you and your family.

What should you do? Drive around? Ask some locals? Sure, both of those are great starting points, but really your Park City Realtor should be a main source for information.

If your Realtor is good, they make it their business to know the ins and outs, the plusses and minuses of each area. Jeremy Ranch is not the same as Silver Springs or Prospector etc.  I don't just look at comps and stats, in most cases we have friends in each area, I have worked with the HOA's, I may even live in the area you are interested in.

My job is to figure out what is important to you. How important is  it to have easy access to the I-80 fwy? What do you and your family like to do in your free time? Are your kids young enough to play at a park, and if so, how close do you want to be to it? Do you want to walk to shops and restaurants? Do you like a neighborhood feel or solitude? View or mountain feel?

I don't sit you down with a questionairre, although that might be a good option! We sit down and talk, we spend time together to really figure out what works for you. The area that is best for one buyer may not work at all for another - even if the answers are the same.

In the next few blogs I will go over some of the local neighborhoods and why they may work for you.

For all Real Estate in Park City, call me at 435-731-0803
Heather Feldman
SEARCH THE PARK CITY MLS

Canyons/Solitude Tram update

Excerpts from the Park Record article:

Proponents of the proposed SkiLink went to Washington, D.C., this week to begin laying the groundwork for a gondola that would link Canyons ski resort with Solitude.


Meanwhile, on the Utah home front, opponents of the project have been mustering their own forces and are characterizing the project as a potential environmental catastrophe.

Representatives of the ski industry have long argued that connecting the area's resorts would be a boon to tourism and the state's economy. In this case, they also suggest the link could reduce traffic in Big Cottonwood Canyon and over Parley's Summit. Environmentalists, though, say it would open up the remaining backcountry to development and destroy a vital watershed.

But what if the two sides were able to negotiate a compromise, one that could actually reduce traffic and offer skiers

I believe this tram would only help Park City's economy by making our resorts even more desirable by linking with the other side of the Wasatch Mountains.

SEARCH THE PARK CITY MLS

Is your Realtor doing a good job with your listing?

Touchy subject, I know.

How do you know if your Realtor is doing a good job with your property?

If it sells have they done a good job? If it doesn't sell are they doing a poor job?

Here are some guidelines to follow when evaluating whether your agent is worth holding on to, or when choosing an agent:


1. Do they answer their phone and email? Not just when you call, but for potential buyers and other agents. I cannot tell you how many times I call on a property to show it or ask questions for a potential buyer and never get any communication back. Test your agent. Have your friends and associates call just to see what happens. If your agent is not calling/emailing back within a reasonable time frame, this is a red flag. Many times buyers and agents will move on to the next property and not even bother to show it.



2. Is your property listed in the appropriate MLS? How unfortunate for the seller that wants to help out a friend with their real estate career and lists their property in the wrong area. In Park City, we have our own MLS that covers the Wasatch back - Park City, Midway, Heber ,Oakley and surrounding areas. Many times a home will be listed with a Salt Lake agent who is not a member of our MLS, so when the agents that work and sell up here pull properties to show, that one won't show up, and most likely won’t be shown.



3. Is your property being marketed in the most effective way for your area? Each area has a proven method for marketing that works. Some areas it is the newspaper, other areas it is a local magazine or radio program. For many resort areas the internet is the most effective tool available. Find out not just the circulation of the marketing tool, but the results of the marketing tool. When looking for a buyer in a resort market like Park City, they aren't usually reading our local paper or listening to KPCW, our local radio station. They begin their search on the internet, they ask their friends for a referral to a local Realtor. Then they start their search.



4. Has your agent helped you prepare your home for sale? Prior to listing, your agent should conduct a walkthrough with you and help with suggestions for decluttering, staging and a list of items to fix. Your agent should tell you how important these things are in the sales process. If a home appears dirty or unkempt, buyers will subconsciously look for deferred maintenance and wonder how the seller could possibly keep up with maintenance when they can’t even keep up with the daily clutter. I offer my sellers a no charge 1 hour consultation with a home staging expert to really give them the edge on the competition.



5. Pricing. Even if you and your agent do everything possible to stage and prepare your home for showing, price will determine whether you get activity and offers. In today’s market price is everything. Every agent should know the maximum activity will come in the first few weeks of listing the property. Having said that, is your agent sharing the feedback with you? Are you acting on it?





6. The key to helping the seller make the right choices is feedback. Feedback comes in two forms - agent feedback from showings, and market feedback in terms of how the homes with which you are competing are responding. Are other similar properties selling and yours is not? Examine why - most of the time it will come down to price.

We know that the majority of the time the buyer that purchases your home will be represented by a Realtor other than the listing agent. So if there are no showings by agents, then they are not all on vacation. They are showing other homes that their buyers think offer the most value. Overpriced properties will only be shown to demonstrate to buyers why another home is a good deal, and they will sit unsold.



So ask your Realtor for a market update. Use this information wisely. Your agent can send you a detailed report where you can look at each and every property that has sold. Were they really better than yours or just marketed better and priced right?



For all of your Park City, Utah Real Estate needs call me today.

Heather Feldman

435-731-0803