Jim and Billie Harsch

Even with the current difficult financial situation, Park City’s most expensive single family home listing ever, was sold this week. The 33,000 square foot home, also known as the Lodge at Peak Five, is in the heart of The Canyons Resort, within the Colony at White Pine Canyon. Originally listed for $28M and recently reduced to $23.8M, the property closed this week for an undisclosed sales price. The home featured the latest in architecture, design, decoration and construction with 14 bedrooms, 22 bathrooms, 8 fireplaces, room for 18 cars in the 12,500 sq. ft. underground heated garage, and was sited on over 5 acres with prime ski-in/ski-out access.

The Park City Luxury Home market (over $3 m) is stronger through July 2009 than the same period in 2008, with the focus on the Deer Valley area.

For information on other luxury homes in the area, Jim is a Guild member with the Institute for Luxury Home Marketing and Jim and Billie do service the Luxury Home Market in Park City. For more information, contact them at http://www.unlockparkcity.com

The Major League Soccer (MLS) will utilize The Canyons Resort in Park City, UT for events surrounding the MLS

All-Star Game to held at Rio Tinto Stadium on July 29th. All-Star teams will train and practice at Quinn’s Junction in Park City beginning Monday July 27th. Volkswagen will shoot a commercial featuring MLS players during this practice time.

The 2009 MLS All-Star Jam will feature live music form Soul Live and will be held at The Canyons on July 28th from 7-10 PM. There will also be an MLS All-Star Carnival just prior to the All-Star Game on Wednesday at Rio Tinto Stadium.

For more information on the MLS, visit http://www.mlsnet.com and for Park City Homes for Sales, visit http://www.unlockparkcity.com

Yes, it is true that there is a major Ski Jumping Tournament happening in the summer in Park City, UT. The annual Springer Tournee kicks off this Wednesday July 22nd and continues through Saturday at the Utah Olympic Park. The Springer Tournee consists of four competitions, with two held in Park City and two in Calgary, Canada and features a number of Nordic events, including jumping on the K120 hill. Who needs snow? The Flying Ace All-Stars will also be performing.

For more information see http://www.pcnordicskiclub.org and http://www.olyparks.com . For Park City Homes for Sale, please visit us at http://www.unlockparkcity.com .

If you are a Buyer or Seller, you need all the relevant real estate market information in real time. Our new Park City Market Snapshot has a direct connection to our Multiple Listing Service for all the neighborhoods in the Park City and surrounding areas. The Park City Market Snapshot includes;

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You will be very surprised at the depth of information provided and all you need to do is sign up on the form provided to the right hand side of the main page of the Http://parkcityjournal.com . You will receive your Park City Market Snapshot within minutes of signing up and an updated Market Snapshot every 2/4 or 6 weeks depending on your request. Sign Up Now.

Best Regards,

Jim and Billie Harsch

The Park City Board of Realtors statistics for the full year of 2007 indicate that Gross Sales Volume totaled $2.0 Billion, an increase of 2% over 2006, with prices up 22%. Unlike sales in other parts of the country, 2007 was the second best year on record for Park City real estate sales barely trailing 2005. Park City remains a “Best Buy” when compared to other ski resorts, such as Vail, Aspen, Telluride, or Jackson Hole. Gross Sales for Single Family Homes were $903 Million, down 1% from 2006, however, prices were up 15%. Areas that were particularly strong were Old Town, Upper Deer Valley, Park Meadows, Jeremy Ranch, Glenwild/Silver Creek, and Promontory which all showed increased sales volume and price. Condominium Gross Sales were extremely strong and up 44% to $673 Million, with prices rising 49%. Empire Pass and The Canyons area had the strongest growth in both triple digit growth and double digit price increases. Gross Sales of Vacant Land (Lots) decreased 33% to $325 Million with prices increasing 13%. For complete details of each area, please contact us at www.unlockparkcity.com