The Fisher Group
Park City Real Estate Blog From The Fisher Group at Summit Sotheby's

April 30th 2011

The Park Record recently came out with news regarding the current housing market in Park City. A number of sources were quoted for this information by people who knows the ins and outs of the market. Mark Seltenrich, a previous president of the Board of Realtors, was interviewed and mentioned that in Q1 of 2011, 35% of sales in Park City were foreclosure sales. As you can follow at our sister site, foreclosures are still going strong and we are not seeing a slow down for at least 2 more quarters.

Rick Klein of Wells Fargo Bank says "Foreclosures remain elevated, but for future homeowners and those who are in trouble, that number is improving." Notices of Default are down almost 14 percent from the last quarter of 2010 which is good

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Jeremy Ranch is a beautiful and unique neighborhood in Park City. It is located just off of I-80 outside of Kimball Junction. It is built around an 18-hole, private golf course and has fantastic views from almost every house in the neighborhood. The Jeremy Golf Club is a private course, but the least expensive private course in all of Park City. For how affordable it is, Jeremy has a fantastic golf course and clubhouse to enjoy.

It is a quick 15-min drive to Salt Lake City, or 10-min to downtown Park City. Great location if you are looking to relocate to Park City and need to work down in the Salt Lake City valley. Jeremy is close to public schools, shopping at the Tanger Outlet mall, and numerous grocery stores. One of the best family neighborhoods in

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The Canyons has gotten some good news today in regards to their lawsuit with principal landowner, Wolf Mountain. The lawsuit was over contract violations with the Canyons Resort. Ultimately, Kenny Griswold who was the president of Wolf Mountain, had obstructed development of the resort especially in regards to an 18-hole golf course planned to be added to the Canyons. Waldorf at the Canyons

There has been interesting news all year coming from the Canyons with their new ownership takeover from Talisker. I must say, I'm pretty impressed with the vast changes they are making to transform the resort and make it more appealing to tourists and consumers. They have also expanded by purchasing the Waldorf Astoria, Park City's newest luxury hotel. The Waldorf opened last summer at

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I wanted to pass along a great deal on a bank owned property here in Park City. The foreclosure market here has been up and down recently. Some weeks we will see a surplus of inventory hitting the market (typically under contract within the week) and sometimes we go weeks without seeing any new bank owned inventory.

We have many investors sitting back waiting for deals to come up in this market we have. If you are looking for property for an investment, you must be prepared to move quickly on SOME of these bank owned deals. I say some because of this,not all bank owned deals are a good buy! I'm not one of those agents who will sell you on something to get the sale, I truly look at every deal as if it were an investment for myself.

The current deal is

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The list goes on and on about how great this town is, but to recap a few of my favorites things about Park City, I have come up with a short list. This is by no means everything there is, but what I find are the greatest aspects of living and visiting the Park City area.

1. The Outdoors

Park City is among the best places in the world for outdoor activities. I have worked in the ski industry for 8 years in this area and have seen it all. Whether it be the great skiing for groomers in Deer Valley, or some backcountry lines at the Canyons, there is a wide array of skiing for all skill levels. One thing visitors don’t realize about Park City is that the Summer is one of the best times to visit. There is golfing, mountain biking, hiking, world-class fly

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