Newpark Real Estate Update
The Newpark Town Center and the surrounding Newpark real estate has become very popular. Maybe it’s the free outdoor concerts on the grass, hip restaurants such as Maxwell’s, the Swaner Preserve and open space, convenient trail systems for biking & hiking, or the stylish mountain contemporary architecture. Whatever the reason, values have increased and inventory for sale has really dropped in 2013.
Newpark Resort Townhomes
Newpark Resort Townhomes
The Newpark Resort Townhomes which comprise of 95 two bedroom floor plans adjacent to the Swaner Nature Preserve, built in 2005 with three different floor plans at 1,270 up to 1,483 square feet. So far through mid November 2013 there are thirteen closed sales and one current pending sale. The average price today combing all of the 2013 sales is $396,600 which is up 8% from $363,750 in 2012. In fact the townhomes have become so popular that we have properties go under contract with offers before they even hit the market for sale.
Newpark Terrace Condos – To Be Built
Newpark Terrace Condos
Another Newpark Real Estate community that has seen good activity is the Newpark Terrace condos. The Terrace is a new condo development in the heart of the Newpark Town Center that will make up 60 residences offering 2 and 3 bedroom floor plans. At the moment the Newpark Terrace Condos are not completed and are only taking deposits to lock-in a residence. As of mid November there are 30 residences under contract with deposits and expectations are construction will begin soon. Give us a call for the latest update on pricing and construction for the Newpark Terrace.
Newpark Hotel Condos
Newpark Hotel Condos
Sixty-six of the 69 units are two-bedroom, two-bathroom condominiums with approximately 1,100 square feet. Three of the 69 units are one-bedroom, one-bathroom condominiums with 870 square feet. Each condominium features a private deck with a hot tub and panoramic views of the Swaner Nature Preserve, Deer Valley Resort, Park City Mountain Resort, The Canyons Ski Resort and The Utah Olympic Park
There have been four sales in the Newpark Hotel Condos so far in 2013 with an average sales price at $302,616. This 2013 average sales price is also up compared to the 2012 sales where the average sales price of $227,525.
The Newpark Condo Hotel has been in demand with it’s onsite amenities which include an indoor-outdoor heated pool with regulation lap lane, outdoor hot tub, exercise room, steam room, sauna, Sky Bridge Lounge with fire pit, and a grand entry lobby.
Newpark Real Estate Sales
The Resort Townhomes were built in 2004 & 2005, the Condo Hotel was built in 2008, and the Newpark Terrace Condos are currently being built. For more information or a tour of the area, please contact our sales office or visit our website:
Newpark Condos Sales Office
1476 Newpark Blvd. (inside lobby)
Park City, Utah 84098
435-565-1549 office
435-292-7053 fax
www.mtnhomeparkcity.com