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The Colony at White Pine Canyon

Park City, Utah Real Estate | Home Sites and Custom Homes

Park City & The Colony Real Estate Report, 3rd Qtr 2013

November 5, 2013 by Colony PR Leave a Comment

The Park City Real Estate market continues to improve. 3rd Quarter Statistics show double digit percentage gains in the number of sales transactions, total dollar volume and overall price increases, compared to the same period a year ago. The number of listed properties decreased and the distressed sales make up a very small percentage (1.1%) of the market. Overall sales dollar volume is up 34% from $887 million in 2012, to $1.19 billion in 2013. The number of single family homes sold is up 22%, making up 40% of the overall dollar volume for the reporting period. While sales prices of single family homes, condominiums and vacant land are up year over year, prices in some areas are still below the recession prices of 2008.
The Colony is having its best year in some time with an impressive number of lot and homes sales. So far in 2013, sixteen (16) parcels of vacant land have sold with two (2) currently under contract, compared to 8 lots in all of 2012. Four (4) homes sold and two 
(2) are currently Under Contract, compared with two (2) homes selling in 2012. Total dollar volume of sales in The Colony year to date is $54,011 million compared to $15,399 million in 2012. The average price for a lot went from $993,750K in 2012 to $1,633M in 2013.
Families looking for new inventory have found the homes being built in the “Lakes Area” of Phase 4 to be very attractive. The Lakes Area in Phase 4E (near The Colony lunch Yurt) has proven to be an attractive area for buyer’s who want the added benefit and appeal of water and flatter terrain for hiking and biking in the summer months. Five (5) homes are either sold or Under Contract in the Lakes Area. The team of architects, contractors and interior designers planning and constructing these homes is resonating with today’s buyer. The homes are selling in the range of $4.0M to $6.0M dollars.
There are currently 39 vacant lots (either Developer or Re-Sale) available in the project and seventeen (14) homes. Land prices range from $1,050M-$4.0M. Listed homes range in price between $5.2M and $13.9M.
For additional information on any properties within The Colony, click here to visit our Real Estate page, contact your Real Estate agent or Bob Marsh. Bob can be reached at The Colony Real Estate office at (435) 649-3411. Private tours are also available.

Filed Under: News Tagged With: Canyons Resort, Deer Valley Resort, Iron Mountain Associates, Luxury Mountain Retreat, Mountain Architecture, Mountain Home, Park City, Park City Utah Real Estate, The Colony, The Colony at White Pine Canyon, Utah

#thecolonywpc

The Colony basically the Deer Valley of the ...

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The Colony basically the Deer Valley of the Canyons.....but with Snowboarders allowed 💁🏼‍♀️ and incredible backcountry views!! 🙌🏻

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I need to get this beautiful home photographed but...

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I need to get this beautiful home photographed but I’m staging part of it next week (spoiler alert! It’s for sale!) however, some of the wonderful contributors are posting pics like cabinetcoheber posting this bunk bath vanity so here you go...a teaser ❤️🖤❤️🖤 •
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Custom Deconstruct hand tufted by our master ...

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Custom Deconstruct hand tufted by our master tufter Luis bound for a leslymaxwell Park City project. 
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Park City ski home with views for days. [That ...

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Park City ski home with views for days. [That should have had a massively long Slip n’ Slide on the ski-in run for the Summer parties, with a rope tow to get you back up to the top.  Next time.] #regrets #flair #architecture #groundup #build #mountainmodern #parkcity #thecolonywpc #utah #designer #flairhunter

Congratulations to my delightful clients for ...

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Congratulations to my delightful clients for securing this amazing home in The Colony  Park City. This Ski-in, Ski-out home is near Peak 5 and 9990 lifts in one of Park City's most desired community. 
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© 2013-2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.
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