What Makes Park City Real Estate Valuable?

By Todd Anderson

May 27, 2010

More than just the skiing, it is the community and local amenities that make Park City Real Estate Valuable.

Ask a local why they live in Park City, UT and many will answer that they came here for a winter and never left. In this ongoing blog chapter we will talk about some of the many things that make Park City, Utah a special place to live and own real estate.

Today's topic: The Park Record

The Park Record is Park City's local newspaper. The paper comes out bi-weekly on Wednesdays and Saturdays. You can receive the paper by mail, or purchase it at many local outlets and distribution boxes for $0.50. It is also available online at http://www.parkrecord.com/.

The Park Record is a great avenue for learning about what is going on in Park City. When someone walks in the front door here at the Keller Williams office at 693 Main St in Park City asking about what is going on in town, I recommend the Park Record as one of the best resources. It isn't your source for national or world news. The paper is full of articles about local residents, local businesses, local politics and happenings. The paper is a great source for retail and restaurant specials, job openings and long term rentals.

Park City real estate advertising makes up a good portion of the advertising, but the internet is a much more complete and frequently used portal for searching real estate for sale see YouInParkCity.com

If there is a Park City community amenity that you have questions about, drop the YouInParkCity.com Group an email.

Tags: amenity, community, newspaper, Park City, Park City real estate, park record, Utah, value
Posted in buyers, Park City Neighborhoods, Park City Real Estate Notes | 0 Responses to "What Makes Park City Real Estate Valuable?"

Construction in Park City Remains Slow

By Todd Anderson

Jul 02, 2009

The Park Record Newspaper (Park City Utah's twice weekly news resource) ran an article this week stating that while construction costs should be enticing for building, builders and suppliers remain quiet. Park City home building costs have come down recently due to a lower lumber, asphalt, steel and concrete costs. Jim Drexinger, senior vice president of sourcing for Stock Building Supply, which has a large store near Kamas that supplies local builders, said global markets are affecting many of the products they sell. Some lumber products have seen a "significant" reduction in price and some to "multi-year historic lows," he said. Additionally, the slow building market has lead to a glut of construction laborers which has lead to very favorable labor costs for those people choosing to build. Unfortunately while costs are down (Jared Rakisits, president of the Park City Area Homebuilders Association was quoted as saying "It's probably the best time in quite a few years to build a house"), we are still dealing with a tight credit market and construction loans are not easy to obtain in Park City & Deer Valley (or most other spots in the country). Not all home construction costs have gone down in the Park City area. A local lighting retailer noted that prices in their field have been steadily rising at five to ten percent a year. This has some Park City and Deer Valley home builders trying to cut costs and search for cheaper materials. The lack of recent sales of vacant land in the Park City and Deer Valley are another indicator of the slow construction and building market. There are currently over 450 listings for vacant land in the greater Park City real estate area and there have been 9 sales over the past 3 months. Local Park City and Deer Valley builder Richard Jaffa of Jaffa Group Design/Build was quoted as saying ‘While the recession may be over by next year, it will take about three years for the area's housing boom to fully recover.' Predicting the bottom of the Park City and Deer Valley real estate market is anybody's guess, but there is no doubt that the current high inventory levels coupled with low building costs make this an opportune time to purchase and build n Park City, Utah. As skiing film maker Warren Miller liked to say: If you don't do it now, you'll just be a year older when you do next year.

Tags: builders, building, construction, credit, Deer Valley, homes, inventory, market, Park City, park record, Real Estate, Utah, vacant lot
Posted in buyers, Park City Economy, Park City Real Estate Notes | 0 Responses to "Construction in Park City Remains Slow"