Deer Valley® 2019 Market Report

Service and professionalism are at the core of Matthew’s business model. Currently, Matthew is the Director of Real Estate Sales for the new communities of Argent Deer Valley & Talisker Club’s Empire Pass offerings of Moonshadow and Residences at the Tower Club. Past project experience includes One Empire Pass, Tuhaye, Ritz- Carlton Highlands Northstar, Red Cloud Deer Valley, Enclave at Sun Canyon and the Waldorf Astoria Park City, in addition to representing clients throughout greater Park City since 2010. Matthew attended college at Villanova University, where he studied engineering. He now resides in Park City with his wife Shannon and son Miles, and he enjoys being active in his local community. Matthew has specialized knowledge in large scale development sales and marketing by way of experience with East West Partners and Talisker Corporation in Park City, and Lowe Enterprises and East West Partners in the Lake Tahoe area. MATTHEW MAGNOTTA REALTOR® matt@bhhsutah.com • (435) 602-0904 Michael Parker has been actively immersed in the sales and marketing of Real Estate for thirty-six years, choosing the luxury real estate market as his specific path of expertise. Consulting, managing, and supporting developers in moving a record number in sales (more than two-billion in transactions). While working with developers and clients around the world, Michael has created a precise and fluid method of selling, which he dynamically teaches to other agents. Authoring a book on the subject of understanding the buyer’s mind in the real estate market, The Modus Method of Selling has garnered him praise in his industry, and he is recognized as a leader in his profession. His affable good-nature often finds there’s never an unfamiliar face in the crowd. The son of a fighter-pilot and three-handicap-golfing mom; it was written in his DNA, the need for adrenalin and attaining goals. Michael found a passion for golf, skiing, and scuba-diving. He is married to the love of his life, Jamie, and has five children. MICHAEL PARKER REALTOR® mparker@bhhsutah.com • (808) 482-4783

Deer Cre s t

Marke t Ins ight s

Re s ident ial Stat s Transactions

Deer Crest saw a big jump in price per square foot, jumping +22% from an average of $835 to $1,016 in 2019. Why? New construction spec homes are more expensive due to the rise in building costs and several more St. Regis residences traded over 2018 and condos are typically at a higher price per square foot. There is very little opportunity for growth within the Deer Crest gates which is keeping the inventory stable. Of course the inventory on the Eastside of Deer Valley will expand exponentially if/ when the Mayflower project, being developed by the Extell Corp, begins to take shape. We believe that Mayflower will ultimately boost values in Deer Crest due to the heavily improved ski terrain on the east side of Deer Valley and the increased marketing that will come with its future development.

13 18% Total Dollar Volume $62,922,496 5% High Sales Price $23,750,000 180% Low Sales Price $1,250,000 14% Avg Sales Price $4,840,192 11% Avg Days on Market 390 53% Pending Transactions 1 Current Inventory 20

Serving large scale luxury communities teaches you how to serve the seller by building value in their real estate through being an expert on features and being able to tell the story of how that will benefit the new Buyer. We also learn how to serve Buyer’s through market expertise and delivering good information efficiently and professionally.”

New Deve l opment

Luxury Townhomes Total Properties......................................... 12 Sq Ft Range.............................4,600 - 6,527 Price......................... Starting at $3,700,000 Website.............. DeerValleyRealEstate.com

Features direct ski access via a private Hilltrac gondola.

Area Overvi ew

The exclusive Deer Crest real estate area offers some of the most luxurious single-family homes and condominiums in the world. Located at Deer Crest Estates and Snowtop, most homes in the gated community feature ski-in/ski-out access, private ski runs, spectacular views of Bald Mountain and Jordanelle Lake, open space, trees, and more. In addition to the Deer Crest homes, there are still some vacant building lots available. You can also find condominiums and townhomes for sale at the luxury St. Regis Deer Valley and Deer Pointe. Deer Crest real estate is accessible from either Lower Deer Valley or Highway 40 and offers some of the most superb real estate in Park City, Utah.

Joining Berkshire Hathaway and partnering with Matt Magnotta is the final adventure in Michael’s storied career. Their team objective is to provide the best service and real estate experience to the homeowners and purchasers in the resort market of Deer Valley and the communities that comprise Park City.

bhhsutah.com

Made with FlippingBook Ebook Creator