Market for Vacation Homes is on the Rise


By S. Mitra Kalita, The Wall Street Journal - Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers' rising stock portfolios. On Mercer Island, Wash., waterfront sales nearly tripled in 2010, compared with a year earlier, reaching par with 2006 volume there. Sales on Hilton Head Island, … [Read more...]

Utah ski area leaps ahead with luxury lodging


By Paul Foy, Associated Press PARK CITY, Utah — When David Johndrow was looking to buy a hotel suite for use as a winter home in Park City, he had his pick of new luxury lodging: Montage Deer Valley, the St. Regis Deer Valley or the Waldorf Astoria Park City. All three newcomer properties in the ski town were financed before the real-estate bust, as part of the development that followed … [Read more...]

Canyons Expansion is On Schedule for Opening Day

By Patrick Parkinson, Of the Park Record staff Officials expect new restaurant to open in the resort village this season An expansion underway at Canyons will make the resort near Park City the third largest ski area in the United States. The project includes a new lift and 300 new acres of skiing in the Iron Mountain area. Canyons is already the largest ski area in Utah. With the new terrain … [Read more...]

Lower Home Prices are Spurring Sales

2nd Quarter Report Shows Major Improvement Over 2009 Article from Andrew Kirk, OF THE RECORD STAFF Link to Park Record Article >> Posted on 07/28/2010 10:37:05 AM MDT About one quarter of all real estate transactions in Park City involve distressed properties.That's not bad, said Deanna Devey of the Utah Association of Realtors. It's average for the state if not … [Read more...]

Home Sales Continue at Increased Rates

Buyers No Longer Waiting…Home Sales Continue at Increased Rates PRESS RELEASE FROM THE PARK CITY BOARD OF REALTORS, Park City, Utah – April 26, 2010 Buyers No Longer Waiting… Home Sales Continue at Increased Rates Park City, Utah – April 26, 2010 – Overall real estate sales dollar volume for first quarter 2010 was $303 million, up 107% from first quarter 2009 figures of … [Read more...]

Poll Says: Most Americans say now is time to buy a house

Tue, Apr 6 2010 Poll Says: Most Americans say now is time to buy a house Article from: Business & Financial News, Breaking US & International News | 4/7/10 10:13 AM NEW YORK, April 6 (Reuters) - Nearly two-thirds of Americans think the time is right to buy a house, with a majority believing prices will be the … [Read more...]