Park City ~ Utah

Found 40 blog entries about Park City ~ Utah.

BREAKING NEWS:

Summit County, Utah 

The following requirements have just been issued by Summit County effective May 1, 2020.

Real Estate Activities

Summit County continues to ban open houses and therefore no property showings should take place in Summit County without an appointment.

• Realtors, clients, or other related real estate services are to travel in separate vehicles to any real estate related service or transaction.

• Real estate offices will be managed so that it can only be open to the agents/employees or clientele of an agent that are a part of that office. Office occupancy will be limited and managed so that no more than (ten) 10 individuals will be in the office at any one time. Any client meetings in offices and

211 Views, 0 Comments

Park City March 2020 Housing Market Update

What Impact Has The Covid19 Pandemic Had On The Park City Real Estate Market?

In Summit and Wasatch Counties, Covid19 hit our real estate March of 2020 with the "Stay At Home Orders" deeming summit County real estate as a non-essential business for a few weeks. The town shut down. For the months of January and February, we were on track for a stellar year. Probably one of the best years since 2009.

BAM! Covid19 HIT 

The big challenge that Wasatch and Summit County faces is the housing industry and determining what impact the current pandemic may have on the real estate values. I know that many home-buyers are hoping for are major price reductions. 

First Q1 2020 in Review

Looking

165 Views, 0 Comments

Quick Summary:

"Park City Fourth Quarter Real Estate Market"

Park City Real Estate for the fourth quarter of 2019 continued to show strong appreciation with increases in both average and median sale price as well as dollar volume as re-ported by the Park City Board of REALTORS® Multiple Listing Service.

The greater Park City market in general continues to show great stability in single family homes. The number of homes sold increased 4% with the median sale price rising 12% year over year. During the same period in 2018, the median sale price gained 7% indicating a sustained period of steady, consistent growth.

Condominium sales exploded in fourth quarter increasing 24% in units sold (966 vs 777 sold in 2018) with a solid median price gain

106 Views, 0 Comments

Park City Quarter 3 Real Estate Market Report 2019

Park City’s population continues to rise as more and more people discover the ease of access from the Salt Lake International airport with only a 30 minute commute. The Salt Lake City economy is flourishing with tech companies moving to the area. The Park City area is a bedroom community for new residents that desire clean air, beautiful mountain surroundings, and an upscale lifestyle.  Summit Sotheby’s International Realty reports on the Park City and Salt Lake City real estate market, sectioning into several micro markets and neighborhoods. Collectively, comparing the results through Q3 of 2019 to that of 2018, new listings did not change much from this same time as last year at 1,131. Total dollar

396 Views, 0 Comments

"Will the recession begin in the election year of 2020?"

The Wall Street recently conducted a survey with over 36 economists by asking the question "When will the next recession begin?"

The chart shows the results of that survey the was asked of the economists from four major surveys done by four major entities, the Pulsenomics survey, the Duke University survey, the National Association of Business Economics survey, and the Wall Street Journal survey.

According to Morgan Housel, "It might be over before we realized it began.” But, I’m a little nervous about people panicking over it since there’s so much talk to it, especially coming into a presidential election year. In short, I don’t think the recession is going to be anything like 2008 fro

163 Views, 0 Comments

Press Release

August 21, 2019

The Park City Board of REALTORS® Multiple Listing Service just release the second quarter of 2019 housing statistics. The data is a year-over-year stat pulled from the Summit and Wasatch Counties. Overall, the area continues to show strong appreciation numbers with an in crease in both average and median sales price and this includes the dollar volume.

Single Family homes

Greater Park City area: When comparing the median sales price to last years there was an increase of 13% increase. The home price change in the Top 10 states were relatively flat.

Old Town: When comparing the median sales price from 2018 we saw an increase of 9% to $1.73m. The number of sales dropped by 19% over last year mainly due to

212 Views, 0 Comments

Retiring Soon?

Top Tips for House Hunting in Salt Lake City Looking for a new home for your retirement?

Salt Lake Communities

 

You should know that Salt Lake City, UT counts itself among U.S. News’ list of top places to retire in America. This city is not to be overlooked.

Retirees who love the outdoors will appreciate the city’s 900-plus acres of public parks, including Liberty Park, Sugar House Park and This is the Place Heritage Park. For those who love cultural experiences, museums such as the Utah Museum of Fine Arts, performing arts venues such as the Vivint Smart Home Arena, and attractions such as the Hogle Zoo offer an array of options.

First thing’s first, though - you need to start your house hunting journey to find your

307 Views, 0 Comments

On April 2019,  Lawrence Yun the Chief Economist and Senior Vice President of Research at the National Association of REALTORS® released the most recent economic and real estate outlook for 2019. 

The last Q1 of 2019, indicated that the Park City area trends over the last year is a steady and stable real estate market. The market data indicated that the median price is up 9.7 percent over last year. This is on par to the March 2019  National FHA report for the mountain areas.  The report that Lawrence Yin released indicated that Park City has a forecast sales price change to approximately  +2.7% in 2019 and 3% in 2020.

The first quarter housing report indicated that the number of home sales have decreased, inventory is down, but sales price is up.

444 Views, 0 Comments

‘Want Warm and Cozy? Get Hooked on Hygge!

In a time when we have to practically make an appointment to breathe, who couldn’t use a great big dose of hygge right about now?

Huh? No. It has nothing to do with the Keto diet, or its companion, the Paleo. This is all about you at your core. “Hygge” is a mindset. “Hygge” --- pronounced “hoo-ga” --- is a Danish word describing the warm and cuddly concept of inner contentment and well-being by enjoying the simple things in life. Essentially, it is a minimalist philosophy, akin to “less is more”. Hygge is not a single, translatable word. It’s an all-encompassing feeling of plain, unadulterated good.

When you feel it, you can reflect it in your home decor with pieces and mood enhancing

366 Views, 0 Comments

ParkCity 2018 Real Estate Report with Rick Klein

January 2018

Rick Klein, a private mortgage banker with Wells Fargo here in Park City, Utah provides the Park City Board of Realtors with the best housing data for the entire Summit County area. Rick is a well respected mortgage banker in Park City, so if you need a loan I highly recommend him. He can be reached at 801-558-5626 (Mobile) or contact him now for a free consultation.

Let's take a look back at the 2018 housing data for Park City single family homes with Rick Klein. The first graph shows the Demand: Pending Sales shows the seasonality for the Park City Market. 

What's the Best Time To Sell In Park City?

Check out the dip in December. Sellers need to consider that the buyers in the

2,056 Views, 0 Comments