Park City Information and Real Estate News

3rd Home - Travel Club for Luxury Second Homeowners

By Berkshire Hathaway HomeServices Utah Properties
Mar 16, 2016

We are thrilled to announce our EXCLUSIVE relationship with 3rd Home.

Local Business Love: White Pine Touring

By Berkshire Hathaway HomeServices Utah Properties
Mar 03, 2016

White Pine Touring is a staple provider of Park City reacreationalists. From Backcountry ski set-ups, to fat tire bikes, skate ski gear, helmets, alpine boots, mittens, backpacks, and all things merino wool, this locally-owned gearage has you covered.

Beyond gear, White Pine maintains a beautiful skate and cross-country ski track on the Park City golf course that offers lessons and rentals for first timers. Additional offerings include guided snowshoeing, ski touring, avalanche safety classes, rock climbing, etc... If you're looking to expand your adventure horizons and find news ways to play in the mountains, you should probably stop by...get your skis tuned while you're at it.

WHITE PINE TOURING - 1790 BONANZA DRIVE, PARK CITY, UT 84060     •      PHONE 435.649.8710

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Local Business Love: Julie Nester Gallery

By Berkshire Hathaway HomeServices Utah Properties
Feb 10, 2016

JN Blog6Park City may be a small ski town, but it has a full-fledged cultural scene that includes a diverse family of art galleries. Perched in a warehouse space just off of Main, Julie Nester Gallery houses contemporary art pieces that range from photography to oil paintings.

Expertly curated by the Nesters, longtime art aficionados who have been doing their best to keep Park City’s taste as elevated as its altitude, this gallery remains one our favorite haunts when it comes to padding out our spaces with beauty.

The bright space is ideal for taking a moment and thinking high-and-mighty aesthetic thoughts. From a designer’s standpoint, the gallery offers a wide array of mediums and artists, but all fall under the general umbrella of modern.

We’re pretty outspoken fans of bringing contemporary design trends to our neck of the woods; so, it’s no surprise that we’re quite fond of Tor Archer’s sculptures, Audra Weaser’s mixed medium acrylics, and Nine Francois’ charming animal portraits. Each featured artist truly differs from the next, and this gallery sets the bar in terms of bring cosmopolitan creations to our mountain setting.JN Blog5

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Annual Market Report

By Berkshire Hathaway HomeServices Utah Properties
Feb 09, 2016

 

 

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This comprehensive yearend market report is designed to give an overview of Summit and Wasatch County real estate. We feel that our clients should have access to information that facilitates thoughtful real estate decisions. All statistics are based upon Park City Board of Realtors MLS data for the period of 1/1/15 to 1/1/16.

The Park City market remains highly segmented. Our town, its neighborhoods, and outlying areas differ significantly in terms of price, home type, and features and amenities. For example, while Deer Valley and Prospector share the same zip code, average single family home prices in these two neighborhoods differ dramatically. Data interpretation, judgment, and historical context are key elements to making informed decisions: Contact your local BHHS Utah agent for guidance on navigating our market place.

Here are some general trends:

-The market suggests that we are recovered from the recession. We are now seeing home prices and sales numbers that are on par with those before the recession. Our market looks healthy and show signs of steady growth.

-The number of sales of single family homes in our City Limits and Snyderville Basin only saw a very gradual increase from 2014, and several areas actually saw a decrease in properties sold. However, the average sales price is up over 2014. There was a slight leveling off of the number of sales in Park City, due to lower inventory.

-Prices in Park City Proper's long standing residential neighborhoods like Park Meadows have shown signs of tapering somewhat. The price of single family homes in Silver Springs, Redstone, Old Ranch Road, and Pinebrook areas steadily increased last year. The numbers suggest that the difference between properties in town and just out of town has narrowed in terms of price and desirability.

-Several luxury lifestyle developments have seen unprecedented success over the last year. Both the Colony and Promontory reported an almost 30% increase in the number of home sales in 2015 compared to 2014. Consumers seem attracted to projects with engaging amenities and lifestyle offerings.

-There have also been large increases in sales numbers of condominiums in Lower Deer Valley, Kimball Junction, and Jordanelle neighborhoods. Both Kimball Junction and Jordanelle reported the highest number of sales per neighborhood; 135 condominiums were sold in 2015 in those areas. Similarly, Lower Deer Valley saw a 25% increase in the number of condo sales year over year.

-Heber Valley's housing market remains strong. There were over 240 sales in Heber Valley last year representing an overall increase of 12%. While buyer interest has remained strong, prices saw little change from 2014, with the average single family home price increasing by only 1%.

Q4 Park City Real Estate Report

By Berkshire Hathaway HomeServices Utah Properties
Jan 25, 2016

Welcome to our Q4 Market Report.

This report gives a statistical overview of Park City's real estate broken down by neighborhood. We give our clients the information needed to make smart choices with regards to Utah's real estate.

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The Final Walk Through

By Berkshire Hathaway HomeServices Utah Properties
Dec 01, 2015

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You found the perfect house, made an offer, negotiated the price, had an inspection and ensured your mortgage. The only thing left is your final walk-through.

Walk-throughs are normally scheduled the day of, or day before the settlement, as the seller should be completely moved out. The object is to ensure that the house stands in the same condition as when you agreed to buy it.

This is not the time to nitpick about nail holes or carpet imperfections. Unless you’ve negotiated allowances for such issues, you’ll have to address them later after you’ve settled.

What could impact the transaction is property or fixtures that the seller agreed to leave behind are missing (e.g., a washing machine, pool table, garage cabinets, etc.) or if the seller leaves things that were supposed to be removed (e.g., paint cans, furniture, etc.).

With your agent at your side, be sure that obligatory repairs flagged during the home inspection are completed to code and satisfaction. If the seller agreed to replace an aging water heater but didn’t do it, this must be accounted for during settlement.

You may be eager to leave the house and get to the settlement, but don’t rush through the walk-through. Run the appliances through a full cycle to make sure they work. Turn on all faucets and showers as well.

Some contracts will specify that the buyer complete a walk-through a week or two prior to settlement followed by a quick meeting prior to settlement to check off any items previously noted. Again, any items or tasks that aren’t complete must be justified at the time of settlement.

Though issues may arise, the majority of walk-throughs go without a hitch as both parties are eager to complete the deal and willing to negotiate any final hurdles.

How to Enjoy Halloween in Park City

By Berkshire Hathaway HomeServices Utah Properties
Oct 21, 2015

We’re 100% biased, but we’re of the opinion that Park City is pretty much the best place ever to spend October. Between the smell of leaves of the trails and winter on the wind, we’re all “give me a pumpkin spice latte and let me get my fall on.”

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From wagon rides and corn mazes and trick-or-treat on Main St., Park City’s got quite the line-up of spook-themed jaunts, parties, and activities.

Our most beloved Egyptian, always at the forefront of any cultural opportunity, will play host to be the original vampire tale of the legendary nosferatu, Dracula. And, because they’re never one to skimp on theatre offerings, they’re also showing THRILLER the ghoulish, super natural, humor spectacle.

Beyond the staged, Heber’s Pumpkin Train offers a costumed ride with pumpkin eats and a haunted car. Kiddos go home with a pumpkin from the pumpkin patch—everybody wins!

Park City is never a town to back down from an opportunity to host a parade, and Halloween presents a pretty good opportunity. The Howl-o-Ween parade features costumed canines and humans celebrating the good style of Bark City. Trick-or-treating for the little gromlins begins at 3 pm and is highly encouraged by local businesses and admirers of cute things. According to Travel and Leisure, Park City is so outstanding at celebrating Halloween that we’re in the top ten in the nation at it. Aroooo.

Park City, we love you.

 
 
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