Park City & Deer Valley

The Colony at White Pine Canyon

Park City, Utah

October 4th, 2011

Overview

• Over 50% of Canyons ski terrain is Colony Nine of 19 lifts are on Colony property

• There are 274 homesites approved on approximately 4600 acres, and to be constructed in five phases

• The average size of the lots is five acres

• The first release of the homesites was in 1998

• HOA dues are $11,000 annually

• 16 miles of paved roads with all utilities underground

Homesites

• 173 have sold

• 197 homesites are currently platted and recorded

• 77 remaining entitlements

Single Family Residences

• 109 homes are built or under construction; Owners may build a main home (no minimum or maximum square footage), a guest home (2500 square foot footprint) and an accessory building. Some homesites allow for horses. The designated buildling envelope is approximately 20,000 square feet.

AVAILABLE FOR PURCHASE

Homesites

• There are currently 42 homesites listed for sale; 24 of the lots are developer owned. The price ranges from $895K to $4.495M. Four lots have sold in 2011, with a price range of $1.235M to $1.4M ($1.319M average sales price).

Single Family Residences

• There are 12 homes currenlty listed for sale. They range in price for $4.25M to $26.2M. There have been eight homes that sold in 2011, with a price range of $3.795M to $6.95M. The median sold price is $4.3M with a median price/SF of $605.

Buyer Demographics

1. California (25 - 30%)

2. Florida

3. Illinois

4. Texas

5 Park City / Salt Lake City (TDRs, Builder, Spec)

6. New York / New Jersey

7. Nevada

8. Arizona / Hawaii / Missouri / Pennsylvania

Financing

Iron Mountain Associates offers sellers financing for a 3 year term, interest only payable quarterly with a balloon due at maturity. 30% down, 6% fixed rate interest, no prepayment penalty, no points or orgination fees.

For More Information on Park City and Deer Valley Contact:
Michael LaPay, Associate Broker
Prudential Utah Real Estate
Mobile: 435-640-5700
Toll Free: 888-410-7653

mlapay@pureparkcityrealestate.com