As Treasure looms, is it time for homeowners to sell in Old Town?


A real estate agent who works extensively on Old Town last summer sent a letter to homeowners on Empire Avenue mentioning the controversial Treasure development proposal as one of the reasons that the timing might be right to put a house on the market.

Empire Avenue is one of the streets closest to the Treasure site and is among the roads expected to be heavily impacted by traffic from the project. People who live on roads like Empire Avenue and Lowell Avenue formed the early core of the Treasure opposition, and the concerns about Treasure seem to be especially pronounced on those streets.

The letter, signed by Summit Sotheby’s International Realty agent Sean Matyja, is not dated. The one-page letter, addressed to “Empire Avenue Homeowner,” says it is an “opportune time to sell a home in Old Town.” The letter reviews the number of listings in Old Town and pricing data from pending and closed sales. It also covers an increase in prices in Old Town, quoting Park City Board of Realtors statistics.

“Old Town has enjoyed an accelerated growth in value over the last few years, and the big question now is do we still have room to grow or are we at a new peak,” the letter says. “With the impactful Treasure project back in the news, uncertainty in international economies, and a presidential election coming to an end this fall, this summer may be an opportune time to sell.”

For the rest of the article please click on the link below:

As Treasure looms, is it time for homeowners to sell in Old Town?


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Filed under THINC in the News, Treasure Hill News

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