Old Town stairs, 2016 Statistics, Thaynes Canyon, and the Monaco Grand Prix
View this email in your browser
The Staircases in Old Town, Park City, UT [April 2016 Newsletter]
Happy end of April!

Despite the snow the last few weeks, we are now in construction season. Old houses are getting prepped for new paint. Orange cones sit at the ready on the asphalt. And the new development projects are making good progress. 820 Park Ave (the Rio Grande project) closed, and there is at least one condo available for purchase at almost double what it closed for. (There is an advantage to getting in early.) The residences at 205 Main are moving right along, and the condos above our office at 545 Main are basically done.

I just got back from delivering a table to California with my furniture building husband. Once our (his) work was finished, we got to steal off to Pasadena for a fantastic adventure: the Gamble House Details & Joinery Tour. The Gamble House was built in 1908 for David and Mary Gamble of Proctor & Gamble fame, and is a example of Arts and Crafts style and Greene & Greene architecture (and also the house exterior and garage used in Back to the Future). A real treat for somebody as passionate about historic homes as I am (and joinery, as he is). A house like this may well have been bulldozed and made way for a more contemporary one; in fact, in 1944 the family put it on the market and a prospective buyer remarked that they could buy it but they'd have to paint all the woodwork WHITE. The family decided to hold on to it until they deeded it to the city of Pasadena in 1966. And now, on sunny California Saturdays, we get to tour the winter mansion of a magnate during the Progressive Era, built in 9 months by craftsmen earning $.50 a day and using very few powered tools. Incredible.

In book news I'm excited to start reading the memoir of the legendary Betty Halbreich, a personal shopper at Bergdorf Goodman for the last 40 some-odd years. In 2013 I read an interview where they explored her office and was enchanted. She doesn't use a computer or a cell phone. She is sage and calm and charming, and though this book does have tales of her life in fashion, for the most part it is a personal memoir of her life in New York. Click through that office tour and tell me she's not a person you'd like to know better.


REAL ESTATE NEWS :: 2016 First Quarter Statistics

More interesting statistics from our first quarter reports. The median sales price of a single family home within the Park City limits is $1,525,000, up 13% over last year. And 13 appears to be the magic number, as the median sales price of a single family home in the Snyderville Basin is $912,500, also a 13% increase over last year. Click the image at the left to view the report.


I'm in love with this house. It's in Thaynes Canyon, right in between the base area of Park City Resort, the Silver Star development and ski lift, and Park City Golf Course. This house is charming, loved, eclectic, AND FEATURES A FLY-TYING LOUNGE. [Continue reading]

IN THE KNOW :: Park City Open House Tour

Wednesday is the weekly open house tour day for the Park City Board of Realtors. If you have your eye on an area, this is a good opportunity to get out and take a look. Click "subscribe" below if you'd like to receive the tour schedule in your inbox every week.
Sotheby's LogoSotheby's International Realty is of course the real estate branch of the Sotheby's auction house.
Sotheby's auctions are just as romantic and exciting as you'd think they would be, and if you're in town (New York, Paris, London, etc.) you can drop in and check out the current offerings. If you'd like to bid on an item, you can do so during an auction in person, or in the pantsless comfort of your own sofa by calling it in or bidding online (and course, selling is just as easy). If you'd like to just watch a live auction in similar comfort, watch one live online. 

It is also fascinating to go back and see what auction pieces actually sell for. In the March auction, Design, the Mira Nakashima Monumental Dining Table, was valued between $40k-60k and sold for $137,500, over double the top range of estimated value. And yet this George Nakashima "Slab" Coffee Table was estimated between $15k-20k and sold for $15k (which is A BARGAIN; a good slab by itself can be thousands, plus the legs, labor, and any value the artist's name brings).

In the upcoming From Earth to Fire auction in London on May 10, one of the lots is two sets of traveling knives and forks, "possibly Dutch Colonies, late 18th century." What a fascinating glimpse into the past. What painstaking labor in the manufacture of these items, how significant the detail work in the inlaid handles, what opulent utensils specifically for travel. Amazing.

The next RM Sotheby's auction is in Monaco on May 14, coinciding with the MONACO GRAND PRIX (!) Some properly gorgeous cars at these two auctions (the Monaco Collection and a Quattroruote Collection, the latter emphasizing automobiles of Italian origin). A 1955 Mercedes-Benz 300 SL Gullwing, est. at $1.26M. A 1890 Cesare Sala Calèche with Leather Suspension (from the premier luxury coachbuilders of its day, come on leather suspension was HOT), est. at $57k. And a breathtaking 1967 Jaguar E-Type Series 1 4.2-Litre Roadster, est. at $183k.

Photos courtesy of Sotheby's and RM Sotheby's.

KNOW (MORE) :: Goldener Hirsch Updates

A longtime Deer Valley staple, the Goldener Hirsch hotel is planning to build a condo phase on the last developable parcel in Silver Lake. There will be significant marketing and surely a reservation process that will sell out quickly, so if there is a GLIMMER of interest in this project, sign up so I can keep you abreast as information trickles out. Click "subscribe" below if you'd like to receive news on this project as it is released.
Kristina Watkins | Summit Sotheby's International Realty
1750 Park Ave | PO Box 2370 | Park City, UT 84060 | 435-655-1865 |

Want to read my other newsletters?
Just click here.

Copyright © 2016 Kristina Watkins, Summit Sotheby's International Realty Park City, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

Email Marketing Powered by Mailchimp