General Park City Blog

Is the Utah Housing Market Cooling Down?

Posted on 5 October 2021 | 9:07 am

Cooler temperatures means a cooler housing market right? Sort of, but not quite. According to new data, home sales have slowed down ever so slightly. Multiple-offer situations aren't as frequent and we are finally starting to see housing supply tick upward. Inventory is on the rise but compared to previous years, the overall supply is still very low. So what does this mean? Here are our key takeaways: 2021 is still on pace to be the second best year for home sales in state history. Home prices are still high, but with less competition, buyers will have more room for opportunity and negotiation.  Because the market is still competitive, sellers can still anticipate getting top dollar for their homes. If you have any questions about current market conditions, don't hesitate to ask...  more»

The Sundance Film Festival is Expanding

Posted on 5 January 2021 | 11:59 am

Tickets and passes will be available for purchase January 7 The 2021 Sundance Film Festival, taking place January 28 to February 3, 2021, is expanding to screens everywhere—catch a movie right from your computer screen or visit an in-person showing at their newly coined 'satelite screenings', taking place at multiple venues across the country. Online Experience This year there will be 72 feature films and numerous shorts all available to you with a ticket or pass at scheduled virtual showings. In a normal year, an attendee might be able to squeeze in two movies on day one if they're feeling ambitious, but in this new format you could see up to three. See the full Sundance Film Festival program here.  The New Frontier In addition to the films and shorts, users will have plenty else to keep them busy with the festival's New Frontier program offering virtual reality, augmented reality and interactive virtual spaces for 14 streaming works of art, live Q&A's and new online environments to interact with and participate in. In-Person Experience Sundance is bringing the Festival to a collection of arthouse cinemas, drive-ins, and pop-ups across the country, some of which are located in: Park City, Salt Lake City, Denver, San Francisco and more. Tickets to the in-person screenings will be sold through the partner theaters. You can see the full list of partners here. Tickets Despite this year's festivities being mostly online, each screening will have a limited number of streaming slots available. Tickets for individual screenings and multiple-film passes go on sale January 7. You can visit their website here to get yours.   Image: Jet Tone Films, from ‘One For the Road,’ to be featured this year....  more»

Utahns are on the Move

Posted on 2 December 2020 | 12:52 pm

According to 2019 U.S. Census Bureau data, almost one in every six Utahns either moved into, out of or somewhere new within the state in 2019.  The most in-migration by a landslide was from Califorina (17,821), then Nevada (10,529), Colorado (7,856), Idaho (6,752) and Arizona (6,031). The top destinations for departing Utahns were Texas (10,072), Arizona (8,917) and Idaho (7,371). Over a half-million Utah residents moved: 389,000 within the state, 96,000 from another state and 16,000 came from abroad. Utah has continued to be a desirable location for younger people. The state's average age is the lowest in the country: 30.7. What have we seen in 2020? This year, Utah has seen an influx of new buyers as the pandemic-triggered urban exodus continues around the country. The greater Wasatch Front market experienced a remarkable 13 increase in the total number of transactions that closed in the third quarter this year with inventory averaging 50 less than in Q3 of 2019. The greater Park City real estate market experienced a remarkable 85 increase in the total number of transactions that closed in Q3 this year. Dive deeper with some of our pieces: Why Utah? Essential Economic Insight During the COVID-19 Pandemic Wasatch Front & Wasatch Back 2020 Q3 Market Overviews Whatever the future holds for you and your family, whether its relocating to another state or moving within, don't hesitate to reach out to a Berkshire Hathaway HomeServices Utah Properties professional.  ...  more»

The Housing Shortage in Utah

Posted on 31 August 2020 | 11:09 am

Like in many industries, there was certainly some cause for concern in real estate when the pandemic came about. New listings, pending sales and closings all dipped in March and April as uncertainty swept the nation. Fast forward to June, and the Utah real estate market has seen a surge like no other. We've seen record setting numbers both in our brokerage and this market: pending sales have poured in and closings are right behind them. Compared to last year at the same time, our pending contracts have doubled. While this buyer confidence is a promising sign for our market, it means that the pre-existing inventory shortage has only been worsened. So now what?  Why is this happening?   Federal mortage rates are at an all-time low: 2.99 Before the pandemic, demand was already high in Utah. This is the market's way of overcorrecting Many out-of-towners are leaving big cities due to social unrest, high taxes and COVID seeking the Park City lifestyle We are seeing a significant increase in out-of-state buyers, putting even more strain on the low inventory The average length of time homebuyers stay in their homes has increased over time: now 10 years  How long will the craziness last? The high demand for homes will almost certainly carry into Fall. Some experts are predicting it will continue well into 2021 Fear not, we are seeing an increase in seller confidence. New listings growth has recovered to pre-pandemic levels  What does it mean? NOW is the time to buy. Prices are continuing to increase, and these low mortgage rates wont last forever Sellers are getting more for their listings due to the high demand...  more»

Local Virtual Events, Classes and More

Posted on 6 August 2020 | 9:24 am

  Given the current situation in which we’ve found ourselves, it might feel like there's not much to do. While that might be true in the physical world, there are still plenty of offerings from your favorite places online. Help support Utah business while also learning and having fun Check out some of these Utah based virtual events and classes below.   TRACY AVIARY  Virtual Paint Along, Birds & Brews and more.   RED BUTTE GARDEN Online classes and virtual summer camps.   OGDEN NATURE CENTER Wild Wednesdays.   CRAFT LAKE CITY The Virtual DIY Festival, Workshops, Classes and more.   KIMBALL ART CENTER Creatively Quarantine: Online Classes, Learning and Virtual Celebrations...  more»

5 Utah Drive-ins Ready For Your Business

Posted on 1 June 2020 | 4:38 pm

 With summer right around the corner, things definitely feel a bit different. Many industries that would otherwise thrive this summer have found themselves postponed or even closed for the year. We admit, it had been a while since we've rolled up to the big screen ourselves, but we promise one trip will have you feeling nostalgic and optimistic about the summer ahead. To get more information on showtimes and each drive-in's COVID-19 guidelines, visit the websites linked below. Enjoy   Redwood Drive-In, West Valley City (Pictured)Learn more here.   Motor Vu Drive-In, Riverton (Opens June 5)Learn more here.   Echo Drive-In, RooseveltLearn more here.   Motor Vu Theatre, Tooele Learn more here.   Basin Drive-in, Mount Pleasant Learn more here.   Photo courtesy of Steve Griffin, Deseret News  ...  more»

What Does the Home Buying and Selling Process Look Like During COVID-19?

Posted on 1 May 2020 | 4:41 pm

Things are a little different, but when you're equipped with the right technology and tools, the process is streamlined and efficient. Here's a look at how the COVID-19 pandemic has changed real estate processes, and how we've adapted with it. VIRTUAL HOME BUYING Virtual Consultation. Schedule an appointment by phone or video conference to understand your real estate needs and goals. Reporting. Create a report consisting of available properties, market history and statistics through MoxiWorks, a dynamic CMA platform. Online Home Search. We will continually send you newly listed homes that match your search criteria as soon as they hit the market. Mobile App. Explore homes and areas with our Utah Properties mobile app featuring real-time MLS updates. Virtual or Live Tour. See selected homes virtually or with a live tour. We will follow proper CDC & NAR guidelines when touring a home. Digital Negotiations/Addendums. Create offers and addendums via digital platforms. Electronically Sign. All of the paperwork is done electronically and securely. Title and Escrow. Wire deposits directly, Escrow handled remotely. Inspections. Inspections reports sent and reviewed digitally. Closing. Funds and documents are completed digitally to facilitate closing. Get the keys VIRTUAL HOME SELLING Virtual Consultation. Schedule an appointment by phone or video conference. Establish Pricing. Your pricing strategy is facilitated via an intensive proprietary market analysis system that features live MLS updates. Market Preparation. We will walk you through the necessary steps to make sure your home is market-ready including home staging ideas and tips. List Home for Sale. We complete the necessary steps to officially list your home to the market. Market and Syndicate Home Online. Over 90 of consumers search for property online. We syndicate and market your listing locally and globally. Track Buyer Activity/Views Online. We monitor the interest your property receives online. Virtual or In Person Home Tours. We will follow proper CDC & NAR guidelines when showing your home to buyers. Offers and Negotiations. Made via mobile communication and digital negotiation. Go Under Contract. All of the paperwork is done electronically and securely. Final Details. We will give you frequent updates to ensure the transaction closes. Closing Escrow and Closing can be completed digitally.   Whether you're buying or selling, I have access to the exclusive digital tools to search or showcase your home anytime, anywhere. Don't hesitate to reach out to a Berkshire Hathaway HomeServices Utah Properties agent if you have any questions. We're here to help  ...  more»

Seven Projects to Tackle In and Around Your House While You’re Quarantined

Posted on 7 April 2020 | 11:37 am

Seven Projects to Tackle In and Around Your House While You’re Quarantined  Being stuck in quarantine doesn’t have to be boring. There are a lot of things around your home just waiting to be fixed or updated. If you’ve run out of shows to binge watch and board games to play, here are some areas in your home you might consider updating.   1. Interior decor Upgrading your interior decor does not necessarily require any tools, just some creativity. Take a look at your space and see which items you can rearrange. Start with your living room where you’ll likely be spending most of your quarantine. Move your couch to the other side of the room or replace the rugs on the floor. A simple change in furniture layout may just be what you need to get rid of the monotony of day-to-day indoor living.    2. Repaint your walls Repainting can make a big difference in your home’s appearance. Maybe you have a few cans of paint tucked away in your garage. Do a quick survey of your home and figure out which areas would best benefit from a repaint with the colors that are available to you right now.    3. Tackle your closet You may not be able to go out and shop for new clothes but you can certainly reduce the amount of items accumulating in your closet. Take everything out and sort them into different groups: clothes you haven’t worn in a year, ones you don’t like, and others that you want to keep. Donate the items you don’t want anymore. In today’s climate especially, there are people who can benefit greatly from the items that you give away.   4. Add storage Since we’re on the topic of decluttering, we might as well tackle storage. After cleaning out your closet, find a home for items that you decide to keep. There are plenty of DIY guides online that teach you how to transform old shoe boxes into beautiful storage bins. This will help make your home feel better organized and put together.   5. Get your green thumb on Now is the perfect time to try your hand at gardening. If your yard is looking empty, find a nice sunny spot and plant some vegetables and flowers. Not only will it be something for you to do, but in a few months you will have your own homegrown produce. You might also consider indoor planting, just be sure you find a sunny spot inside. 6. Clean your filters Check on items in your home that use filters. Chances are, they probably need washing or replacing. This includes your washing machine and home air filter. If you don’t know how to do this, check the manual or learn online. This is helpful knowledge and can reduce your reliance on paying others for repairs.   7. Clean and scrub your home Now is a great time for some spring cleaning. Get the whole family involved and clean your house from top to bottom. Wipe light switches and door knobs. Dust tops of the shelves that may get missed in your general cleaning. If you live in a big home, you may want to separate your cleaning sessions by room so you don’t feel overwhelmed.   Which of these projects are you going to do first? Share your thoughts in the comments below.    ...  more»

Park City Realtors Expand Market

Posted on 17 December 2019 | 7:08 am

Berkshire Hathaway HomeServices Utah Properties adds Red Ledges community in Heber, Utah to list of represented developments  PARK CITY, UTAH – Locally owned and operated since 1976, first as the Coleman Land Trust, then as Prudential Utah Real Estate, and now as Berkshire Hathaway HomeServices Utah Properties, BHHS Utah Properties has been a leading force in the development of Park City’s real estate market for more than 40 years. Red Ledges, which is a four-season, full-amenity community in Heber, has been one of the most successful real estate development projects in the Wasatch Back for a decade. As Park City and Heber have become more connected over the past few years, the inclusion of a development like Red Ledges at a top brokerage was a logical evolution in the Park City real estate market, so it was only natural the two would eventually join forces. The long-standing Berkshire Hathaway HomeServices Utah Properties brokerage has listed other large projects in Wasatch County over the years including Wolf Creek Ranch, Tuhaye, and Deer Crest Estates and The St. Regis Deer Valley, but the addition of Red Ledges marks the first time any Park City brokerage has represented a major development in the Heber Valley.  Heber is a growing town just east of Park City which is enjoying its own blend of revitalization and Old West ambiance.  Over the past four years, Wall Street Journal, New York Times, Money Magazine, and several others have named Heber one of the top places in the U.S. for lifestyle, growth, and second home ownership. Steve Roney, Owner & CEO of Berkshire Hathaway HomeServices Utah Properties provided some perspective on the significance of Red Ledges joining the fold noting, “Skiing and real estate are the two biggest economic drivers in Park City and the surrounding areas. This is a place people want to be because the Wasatch Back provides four season recreational and community opportunities for residents and visitors alike. Heber sits just 20 minutes east of Park City and 10 minutes from Deer Valley Resort’s eastern entrance where the new Mayflower Mountain Resort is under construction, and along with the stunning beauty and longer summer months due to a slightly lower elevation, Heber is becoming the next big thing and the newest wave of progress in our town. Red Ledges, with stunning Timpanogos views and unmatched red rock terrain, happens to capitalize on all the best attributes of both Park City and the Heber Valley.” Red Ledges is the brainchild and dream of two retired Fortune 500 CEOs, Nolan Archibald of Stanley Black & Decker and Tony Burns of Ryder System, Inc. The large parcels of land in Heber Valley that have been developed into Red Ledges were owned by the family of Burns’ wife for generations. The year-round gated enclave was created to build a luxury community based on the family values and stewardship of the land that the family has upheld since Heber was founded in the late 1800’s. Mitchel Burns, the Chief Operating Officer of Red Ledges, reflected on his family’s history, “My mother’s frame of reference goes back to before the State built the dam and turned the middle of the Provo River into the Jordanelle Reservoir, and to when Heber was mostly horse ranches. My aunt and her family have been running the bowling alley in Heber since the mid-sixties, so there is a genuine attachment to this place. Carrying on my family’s vision and legacy in the Heber Valley is of utmost importance to me. I love seeing our members enjoying and appreciating our family’s land. Steve Roney’s BHHS Utah Properties is locally owned and family run, so we know they understand the legacy of a business being in the family. We felt that aligning the interests of these two family businesses was the best way to capitalize on the convergence of Park City and Heber Valley. It is perfectly tailored for Red Ledges, encompassing the best attributes of the Old West and America’s premier 21st century ski town.”   ABOUT BERKSHIRE HATHAWAY HOME SERVICES UTAH PROPERTIES Berkshire Hathaway HomeServices Utah Properties is an independently owned residential, commercial, and advisory services real estate company founded in 1976. With offices throughout the Wasatch Front, Wasatch Back, and St. George, the company has a long-standing track record of market dominance and dependability. Under the Berkshire Hathaway name, the firm holds the 1 position in Utah’s real estate marketplace and maintains a historic commitment to community-driven service. For more information, please visit their website at   ABOUT RED LEDGES As the most successful master planned community in the Park City area, Red Ledges is located in the bucolic Heber Valley and offers stunning views to go with easy access to world class skiing, outdoor adventure, year-round activities, and the Salt Lake International Airport. A collection of premier private-club amenities may be found on property, most notably an award-winning Jack Nicklaus Signature golf course, a family-friendly Jack Nicklaus Signature 12-hole Golf Park, the Clubhouse with fine dining, the Swim and Fitness Club and sports shop, the Village Center pool complex, the Jim McLean Golf School, the year-round Cliff Drysdale tennis club, and the equestrian center.   Red Ledges is a 2,000-acre, four-season community less than an hour from Salt Lake City and minutes from Park City in the beautiful Wasatch Mountains. Carefully designed neighborhoods offer a selection of estate homesites, luxury cottages, mountain villas, and club cabins designed to complement the rugged beauty of the surrounding high-country terrain. A full suite of custom homebuilding and design services are offered through Red Ledges Homebuilding to streamline the design-build process with a concierge level of service, providing an efficient, highly personalized, seamless experience throughout all facets of creating a custom home.   Nearly 200 homes have been completed and over 100 more are in process as Red Ledges evolves into one of Utah’s premier private communities. Buyers can choose from a variety of homesites offering new construction opportunities or they can select from existing luxury homes, cabins, cottages, and villas. Learn more about Red Ledges real estate and why more and more families are calling Red Ledges home in the 10th Anniversary video which can be found at  more»

8 Innovative Home Technologies for New Homeowners

Posted on 5 December 2019 | 1:51 pm

If you are considering putting your house on the market, you need to make sure it is ready for any age, but particularly the Millenial group. Innovative ideas for the home that could entice any buyer, even millennials which represent the largest buying pool demographic in the country is important because you want your home to stay competitive in the market. When you add that technological element to a home, it becomes both easier to live in and more in touch with housing in the future. The 1960s home that’s been renovated only one or two times might not be as up-to-date as another home that’s been recently done. What most people seem to forget is that not only does a home need to stand the test of time, but also upgrade as the buyer pool changes.  Here is a list of some of those innovative home technologies that could cause your buyer to get in a bidding war over your property. Most homeowners do not have the skill set to complete their own home repairs, so you should also consider including a home protection plan within the price of your house. A home protection plan will give your buyer peace of mind that if something goes wrong, an expert will be available to fix the problem.   Remote Controlled Shades We know. No one needs remote-controlled shades, but having them will certainly give your house a “wow” factor. Depending upon the brand you purchase, you can control or program your shades with your home automation app.  High-end shades don’t just add decorative appeal and assist in keeping your privacy. They also may lower your home’s heating and cooling bills. While a double-pane window has an insulation rating of 2, high-end shades may have a rating higher than 4. Before your guests roll their eyes at the extravagance, tell them how ecologically friendly your remote controlled shades are.  Include a High-End Range Many millennials consider themselves as foodies. While they may not bat an eye if the 2nd and 3rd bedrooms in your home are the sizes of postage stamps, they will care about the quality of appliances in the kitchen. Purchase a high-end range to include with the house. Look for versatile cooktops and touchscreen controls. Find one with pre-programmed settings for specific meals. And by the way, foodie buyers prefer gas stoves. Add a Wine Fridge to the Bar Whether they are storing homemade IPAs or their favorite wine from the Texas Hill Country, your buyers will love having a wine fridge built into the home bar. Look for wine fridges that lock, offer cool-looking LED lighting, and have dual cooling zones. Your buyer will see themselves hosting wine tasting events for all their friends and family. Programmable Thermostat Even though Nest controls this industry, there are other products available that allow homeowners to alter their homes’ temperature from their phones. Not only are these features convenient for those who forgot to adjust the temperature of the ones before leaving for a work trip, but they also allow you to save on energy bills.  Smart thermostats are becoming so prevalent that your homeowner will expect this as the standard in your house. Smart Smoke Detectors A new generation of smoke detectors will leave that beeping, hanging-by-a-wire-from-your-ceiling model to shame. New smoke detectors test for smoke, carbon monoxide, and air quality. They send texts to your phone that the detector is going off when you are not home. The way it senses fires is also now more high-tech, even though we don’t understand how that works. Bathroom Ventilation Fans with Bluetooth Speakers Of course, you want to be able to listen to your motivational or true-crime podcast while you are in your shower. Replace your home’s bathroom ventilation fans with ones that include a Bluetooth speaker. They aren’t much more expensive than a traditional fan, and this fun little feature will make your buyer smile. Touch-Free Toilet Flush You know how icky that toilet handle is, don’t you? Even though we are all super tidy and deep clean our toilets at least once a week, a lot of germs can land on our toilet handle within those seven days. That’s why you should equip your bathroom with a touch-free toilet flush. The touch-free sink has been around for a while, but now you can avoid touching another icky bathroom surfaces with this new product. Digital Shower Controls We know that this is not necessary, but digital shower controls are fun. High-end models not only allow you to alter the stream of water, but they also may connect with the lighting colors of the inside of the shower. You’ve heard of aromatherapy, but have you heard of chromatherapy? Colors alter our moods. Our mood is also better when we can adjust the temperature of the water in our shower to a perfect 112 degrees.  Replacing some of your dull, old boomer fixtures in your house to these high-tech options will not only enable you to sell your home quickly, but they may also excite you so much that you no longer want to move. ...  more»

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