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Park City Real Estate Blog

Where is the Park City Housing Market Headed In 2019?

Interest rates are still low but not for much longer. According to the National Association of Realtors economists, buying a home will be more expensive. Lawrence Yun, the national associations of realtors chief economist, predicts home prices will continue to rise in 2019, but at a slower rate.  Yun expects national home sales to flatten and become more stable in 2019, rising by just 1 percent. Mortgage rates are expected to hit 5.5% by the end of the year. 

Yun commented also commented on the economy stating, "the economy is "good." He noted that we have low unemployment, record high job openings, historically low jobless claims, job additions for eight straight years and wages beginning to

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Investing in real estate is a priority for females in today’s market

The desire to own a home of your own in today’s world is overwhelming, especially for female homebuyers. Most people desire a place to call home due to the sense of security it provides. This is especially true for females entering the world of home ownership.

According to Keeping Current Matters, for the second year in a row, single female buyers accounted for 18 percent of all homebuyers in 2018. Also, in 2017, an overwhelming 60 percent of single millennial women were listed as the primary borrowers on mortgages.

Statistics also indicate that one in five homebuyers in the United States were single females, mostly from the baby boomer generation. Not surprisingly, the U.S.

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Since the market crash 10 years ago homebuyers and sellers are uneasy about the next market correction. The uncertainty as to what this really means remains the million dollar question.

The Park City Board of Realtors does an amazing amount of work gathering data and educating the local realtors about the real estate market trends. In Park City, the real estate market is cyclical like most markets around the country. We are hitting the 10 year mark with a great run for home sellers. 

A Shortage of Homes Available for Sale 

If the inventory remains low this trend has a tendency to push home prices higher and with mortgage rates increasing this may cause home buyers to pause because we may have reached a tipping point. 

We have had a few

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Park City 2018 Real Estate Trend Report from January to August

Property Type: Single Family Home

Major Area: Park City Limits

Price Sold                                              Number Sold

$500,000 - $599,999 1
$600,000 - $699,999 0
$700,000 - $799,999 2
$800,000 - $899,999 10
$900,000 - $999,999 2
$1,000,000 - $1,099,999 10
$1,100,000 - $1,199,999 2
$1,200,000 - $1,299,999 8
$1,300,000 - $1,399,999 18
$1,400,000 - $1,499,999 6
$1,500,000 - $1,599,999 6
$1,600,000 - $1,699,999 8
$1,700,000 - $1,799,999 2
$1,800,000 - $1,899,999 6
$1,900,000 - $1,999,999 8
$2,000,000 - plus 57
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Not Yet On Park City Multiple Listing Service

View Homes and Townhomes For Sale in Silver Springs

1435 W. Silver Meadows Unit 45, Park City, Utah 84098

2 bedroom | 2 bath | 1538 sqft

Directions: 

From Salt Lake City take I-80 to the Park City (Kimball Junction - Exit). Look for Highway 224 that will take you into the Park City area. Turn left at Silver Springs near the Blue Roof - 7 Eleven store. 

Silver Meadows Neighborhood

If life near water is what you require, then look no further! This ideal end-unit townhome backs to a pond serving as a focal point from the outdoor patio deck with hot tub, and offers a harmonious balance of indoor/outdoor living with a wonderful setting. 

The 1,528 Sq. Ft. home is open and

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Park City, Utah

The Bomber crew that crashed into Iron Mountain saddle November 17, 1941 was memorialized this day of May 28, 2018, during the memorial day program. 

 

The service will remember the deaths of Maj.Robert E. L. Pirtle, the flight commander of the 88th Squadron, and Sgt. Jack D. Anderson, the flight's engineer.

According to the Park Record, the ceremony was as a result of the research from historians Steve Leatham and David Nicholas . They made the following statement, "This was a story that had gotten lost in Park City history, because when it happened none of the survivors told their families about the event," Leatham said during a phone interview. "We almost feel a kinship with those airmen, and feel they want their story

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Empire House

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While on vacation in Park City I  fell in love with the majestic mountains, outdoor recreation, and the culture. Shortly after my visit, I found myself looking for a vacation rental, something that I could enjoy while off setting my costs of ownership. The search began, I found this jaw dropping Victorian complex located in the heart of Park City.  Here it was right in front of me - Empire House. A quaint 12 unit complex located across the street from the Park City Mountain Resort. "The moment I stepped into this place it was perfect. The vintage space was fun, comfy and offbeat.  I was eager for mountain views and the smell of fresh pine scent breezes, I knew right away this was the place for me."


What an amazing

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Sell Your Home With The Color Blue

We all know how important first impressions are when selling your home. The color blue happens to be a favorite color among s several countries and people around the world. Coldwell Banker chooses blue as it's official brand color. 

The color blue has significant meaning symbolizing loyalty, strength, wisdom and, trust. The word TRUST stands out in my mind. That's a great word to describe a real estate company and it's representing parties when buying or selling a property.

Core Values

  • Integrity.
  • Leadership.
  • Professionalism.
  • Vision.
  • Performance.

Trust

Trust is a fiduciary relationship. There is a very clear and concise explanation found in the Code of Ethics and

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What Does It Mean To Rightsize For Your Lifestyle?

The Park City area is greatly impacted by people trying to decide where they will reside full-time and part-time, a primary and secondary home. Our area has a home buying trend happening in 2018 that will affect which homes and neighborhoods will sell the fastest.

As inventory starts to rebound this year, boomers are opting for smaller single-family homes and young buyers are taking full advantage of today’s technology. "The Freedom of working from home". we have seen an influx of buyers looking for a certain lifestyle. The Great Outdoors. Simple. A place to focus healthy living and wellness.

Boomers want to live on one level...

The average selling price for a home in Park City has

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The Advantages of Using Local Park City Lenders

  • Local lending guidelines often differ from out-of-state guidelines in favor of the buyer.
  • Local lenders can save you money.
  • Park City lenders are smaller operations run by Park City business people who can offer a more personalized experience for the buyer. 

Pre-Approval: Getting a Jump on Getting Approved

The best case scenario for a buyer is getting pre-approved for a loan by a good mortgage lender before you actually begin to look for a home.

Traditionally, lenders run a credit check on you, thereby obtaining some financial information about you. Being qualified for a loan while you are in the process of house shopping can actually slow things down. Loan figures are essentially

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