And just when we think the $10-11M price point is staggering, this $18M listing pended by a Buyer today! This castle is not in Tuscany. It is a 15,000 sf ski house in the pines in the mountains at The Colony. Ski homes used to look like ski homes, but go figure!
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| “The Colony Castle” |
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| $5.1m at The Colony |
This home in The Colony is the latest ultra high end closed sale at $5.1m. One recent condo sale was even higher! (yes, Montage) All these sales were either in upper Deer Valley, Deer Crest, or at The Colony, with the exception of one $6M home sale in Glenwild.
The highest recent closed sale in the Park City area market was a home at Evergreen in Deer Valley for $11.5m. Later this year the closings of pending sales at Stein Eriksen Residences will eclipse most of our annual real estate stats, with nearly $200m in sales scheduled to close
High, Higher, Highest… Our high end real estate market is impressive by most standards, considering that the median home price in the US is $231,000, up 9 % from last year, and up 1% from the previous record of $228,000 in July 2005 (to quote CNN)
The median price of the 444 current home listings in the Park City market is $1.9M; over 8 times the national average. Lowest priced sfh home in our market is priced at $429k (Summit Park), while the highest is $25M (Promontory!) 15 homes priced over $10M!
However, if you want to see what real high end real estate is all about, take a look at this: Homes over $100M in the US market Makes us look Cheap!
At Sotheby’s, I take pride in helping Buyers find and acquire the perfect Park City/Deer Valley mountain home. I always welcome and respect your personal referrals, and promise knowledgeable and confident guidance throughout your Real Estate search and acquisition!
If you know anyone thinking about a mountain home in Deer Valley/Park City, I am at your service!