rob and rachel: Promontory Bankruptcy Update - 11/06/08 04:26 PM
UPDATE ON PROMONTORY BANKRUPTCY SITUATIONLate last Friday night the attorney's for Pivotal Group, the developer of Promontory, filed their plan of reorganization with the Bankruptcy Court. Because we know you do not want to wade through the 175+ pages of legal jargon, here are the highlights:
-A new entity will be formed to take over the development-The new entity will be headed up by Credit Suisse.-The original development plan will stay in place. This means the 2 to 3 remaining golf courses and other amenities will still be part of the plan.-Certain employees will remain.-Lot sales will resume and sales prices … (2 comments)

rob and rachel: Park City Powder Already...ABODE news and an Update - 11/05/08 04:23 PM
It's snowing like mad here in Park City today!  It's been coming down since yesterday and we've got at least a foot now!  Not too shabby...There's definitely a good base coming in for the ski resorts and the snow machines are on full blast adding to it.There's a wonderful excitement in the air in Park City what with the new results of the presidential election and the whiteout we're having with all the glorious powder we can't wait to ski on.
If you're happy about the election results or not, you can take heart in the positive thoughts of a ski vacation in … (0 comments)

rob and rachel: Who's Hungry for a PC Real Estate Market Update? - 10/07/08 05:38 PM
Over the past few days we have seen 28 properties come on the market, 13 go under contract, and 10 close. The high points are:
ACTIVE:-Old Town home for $3.7m; 4bd/5ba, 3401 sq ft, $1088psf...this one has been on the market before and actually started at $4.7m! If they are looking to get that price it might be another 2 years.-Trailside unit in Upper Deer Valley at $1.85m; 4bd/6ba, 3300 sq ft, $560psf..nice ppsf.-Lodges at Bear Hollow unit for $299,000; 3bd/2ba, 1122 sq ft, $266psf...this is a steal folks!-Glenwild home at $3.75m; 5bd/6ba, 7373 sq ft, $509psf....great home in a fabulous … (0 comments)

rob and rachel: Dynamite Found in Mine at Empire Pass! - 10/07/08 03:35 PM
Yesterday emergency crews descended on the Montage construction site outside of Deer Valley Resort's Empire Lodge after a construction crew discovered what Police Chief Wade Carpenter described as an old mine vault. Dynamite has been discovered in the mine vault! The word is not out yet on how much of the explosive was found....we'll keep you posted.
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rob and rachel: Debate-Day Market Update - Park City - 10/02/08 01:46 PM
Today is Debate Day for the Vice Presidential Candidates and the whole country is no doubt interested to see how the whole thing will turn out.  Which ever candidate you are routing for, tonight's debate could really be telling.
On another note, all the local developments in the Park City area are gearing up for the impending ski season and higher quantities of visitors and potential buyers.  The kinetic energy around here as the season nears, tends to intensify over the months as more and more tourists arrive and business in all areas swells. 

three little birdies in thier nest
In … (0 comments)

rob and rachel: Need Something To Do in Park City?..... - 09/12/08 06:47 PM
mountain biking in Park City, Utah -First of all let's start with the Farmer's Markets at the Canyons in Park City...they are GREAT!  Get over there and get some delicious produce and treats before it's over for the year!  Rob and I grabbed some peaches this past Wednesday (that's when they hold the Farmer's Markets) and they are wonderful!
-Next, now that the leaves are changing colors (and here in Park City the leaves don't stay pretty for too too long before they fall off and signal the start of ski season) it's time to go and grab a lift ticket and … (0 comments)

rob and rachel: DEER VALLEY GETS NUMBER ONE!!! (AGAIN) - 09/12/08 06:25 PM


changing leaves in Park City, Utah
Not like it's a big surprise but....Deer Valley once again took the top spot for the nations best ski resort, according to Ski Magazine.  NICE!
It is the fourth time in the last eight years the magazine's readers have put Deer Valley on top, edging out one of its fiercest competitors, Vail Resort for the second year in a row.
According to Deer Valley's Director of Marketing Coleen Reardon, the resort's secret weapon is its guest services. "I think it's our services, the way we provide the whole vacation experience."  Reardon says she … (0 comments)

rob and rachel: A Grey Day in Park City... - 09/09/08 06:05 PM
The weather today is a little grey here in Park City....it kinda makes me want to crawl into bed and watch TV...wait - better make that a movie, considering the fact that if I have to hear one more newscast about Sarah Palin - I might explode...we need some new material folks! 
So how does everyone like our new blog layout?  I'm still working diligently on it but we figured we'd get something up and running in the meantime.  We've got some really great pages to add so keep checking back...a lot...feel free to stop by the site 4, 5, … (2 comments)

rob and rachel: Thinking Good Thoughts.... - 09/02/08 05:48 PM
Existing-home sales rose in July to the highest level in five months, although they continue to be well below the numbers from last year at this time, according to the NATIONAL ASSOCIATION OF REALTORS®.
Existing-home sales including single-family, townhomes, and condominiums increased 3.1 percent in July to a seasonally adjusted annual rate of 5 million units from a downwardly revised level of 4.85 million in June. Sales were 13.2 percent lower than the 5.76 million-unit pace in July 2007. Many people might be bashing these numbers, because they say 40% of these sales were foreclosures....but don't the foreclosures need to get out … (5 comments)

rob and rachel: Park City Market Update...News You Can Use! - 08/29/08 05:05 PM

In the past few days we have seen 44 properties come on the market, 18 go under contract, and 21 close escrow. The notable ones are: NEWLY ACTIVE:-Silver Star ski in/ski out at Park City Mountain Resort for $3.15m; 6bd/7ba, 3690 sq ft, $854psf....let's keep our eyes to see what this one does...at over $3m it is a big number, but where else can you get a 6 bedroom ski in/ski out home around $3m in Park City???-Glenwild home at $3.875m; 6bd/7ba, 7710 sq ft, $503psf....priced just right in of Utah's best communities.-Promontory home at $4.29m; 4bd/7ba, 7563 sq ft, $567psf....we … (2 comments)

rob and rachel: Market Update....last week in August - 08/27/08 05:33 PM
Tonight Rob and I are attending the Gipsy Kings concert at Deer Valley as the second to last chance to take part in the St. Regis Big Stars Bright Nights concert series.  It's going to be a blast! 
And don't forget to check out our new blog layout and the new newsletter button we put at the top of the sidebar...if you give us your email address we'll give you our little newsletter and you know what that includes?....it includes coupons for local businesses here in Park City such as Chloe Lane and Jean Louis...thank us later! 
During the past … (0 comments)

rob and rachel: Park City Summers Take the Cake - 08/25/08 04:40 PM


Rob and I just got back from a great trip to Southern California for the wedding of our good friends Brian and Brittney.  Brian is that friend of ours who provides most of the great scenic photos we post here.  Brittney is his new lovely bride.  Brittney and I met while working at Chloe Lane, a local boutique here in Park City which sells the most forward, fun and stylish clothing in the entire state of Utah.
We had a great time in Laguna Beach where they held the amazing wedding of the century on the sprawling lawn of … (1 comments)

rob and rachel: GREAT DEALS...in Park City, Utah...Market Update - 08/19/08 12:27 AM

Over the past few days we have seen 33 properties come on the market, 11 go under contract, and 20 close. The high notes are: ACTIVE: -Sky Lodge condo (one-eighth fractional)at $267,000; 2bd/2ba, 1260 sq ft...these units seem to be coming down in price dramatically.-Old Ranch Road home for $1.495m; 3bd/3ba, 3400 sq ft, $440psf....great views and not too bad of a deal for a home with room to expand.-Short Sale at Promontory for $980,000; 3bd/6ba, 5339 sq ft, $184psf....if you want to be in Promontory and believe in the long term vision, this is a great steal! PRICE CHANGE: -Old Town home down … (0 comments)

rob and rachel: Glenwild Year To Date Market Report - 08/14/08 12:11 PM
Glenwild report YTD: We have seen some nice activity in the Glenwild housing market in 2008, and the opposite for the vacant land market at Utah's #1 golf course. As of today (8.14.0 here is where we stand at Glenwild for 2008: HOMESActive homes:-13 homes on the market-Prices range $2.385m to $5.995m with $3.85m being the average-Price per sq ft range from $514psf to $705psf with the average coming in at $557psf.-The average days on the market is 127. Sold homes:-5 homes have sold in 2008-Ranging from $1.7m to $3.255m coming it at an average of $2.5m-Price per sq ft range from $392psf to $535psf  … (0 comments)

rob and rachel: Mid-August Market Update - 08/12/08 05:16 PM

Since late last week we have seen 69 new properties come on the market, 25 go under contract, and 20 close. The high points are: ACTIVE:-Silver Star ski in/ski out at Park City Mtn Resort come on the market at $1.5m; 3bd/3ba, 1986 sq ft, $755psf....this is not too bad for a 3bd/3ba ski in/ski out.-Pinnacle at Deer Valley at $955,000; 4bd/4ba, 3530 sq ft, $270psf...under $300psf is good in my book, especially for a downhill unit that will have great rental revenue!-Promontory home at $2.5m; 4bd/7ba, 8500 sq ft, $294psf...again under $300psf is a steal! This one very well might … (0 comments)

rob and rachel: It's Fate - We got Park City and Deer Valley! - 08/08/08 03:04 PM
yup that's right..!...we got 'em!
i'm so excited to sponsor these towns and to get down to business preparing great information and updates for locals and potential buyers!
i really enjoy activerain and localism and am so happy to participate at this level
on another note, i heard the other day that mr. obama may be holding a fundraiser here in park city!  i think that would be really exciting and although i am still trying to learn as much as i can about both candidates...there is just something very refreshing and enlightened about obama and all that he stands for … (2 comments)

rob and rachel: A Market Update for Your Hump Day - 08/06/08 02:21 PM

In the past five days we have seen 59 properties come on the market, 24 go under contract and 25 close. Of note:
 ACTIVE: -Old Town home at $2.1m on Lower Norfolk Ave; 3bd/2ba, 2635 sq ft, $767psf....seems a little high for 3bd/2ba.
-3 Old Town lots for $2.4 on Park Ave....only if these were on Main St would this price make sense. Once you build out all your profit is gone....this does not pass my "Buy verus Build" proportion...in order for land to start moving again, the price of land must proportionately be below what it cost to buy a … (0 comments)

rob and rachel: Woooo Hoooo FINALLY a Market Update! - 07/30/08 03:31 PM
Sorry it has been a while since the last market update, but we have been working on changing the the layout of this website...it is going to be great when it is complete! So in the last week we saw 76 properties come on the market, 30 go under contract, and 25 close. Here are the high notes: ACTIVE:-Lower Deer Valley Solamere home at $1.995m; 6bd/5ba, 5050 sq ft, $395psf....under $400psf is not too bad for Solamere and I have a feeling that they will go lower.-Newly constructed Lookout townhome in Upper Deer Valley at $4.45m; 5bd/6ba, 6182 sq ft, $720psf...this is … (0 comments)

rob and rachel: Old Town Beauty - 07/28/08 01:56 PM
Hello and Happy Monday!We had yet another glorious weekend here in Park City, complete with a night out at Prime Steak house on Friday and some great open houses held in Glenwild and Old Town.Rob even got some golf in at Promontory (Promontory has some really great courses and Rob says they are very tough...I think I believe him since he's apparently a decently good golfer ;) a couple times and I got to spend a few choice hours lounging by the pool at Glenwild (the pool at Glenwild is one of the best in town, and the food and drinks they … (1 comments)

rob and rachel: What To Do This Weekend in Park City - 07/25/08 12:04 PM
¬†What a busy couple weeks Rob and I have been having!...Between the summer concert series at Deer Valley, the locals deals at our favorite restaurants and all the weddings and events that summer-time brings...it's been hard to keep up! Not to mention our ever-more-demanding jobs! ;)I thought I'd post some ideas for how to make the best of your weekend here in Park City whether it be the weekend we are entering today or another one just as sunny and wonderful in the future.Restaurant Deals:-There are plenty of restaurant deals here in Park City. You can find out about them easily … (0 comments)

 

Rob Alday & Rachel Peterman

Park City, UT

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Snow Park Realty

Address: PO Box 4154, Park City, UT, 84060

Office: (435) 729-0022

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