Blog

Bitcoins in Park City

By Ramon Gomez, Jr.
Nov 15, 2017

Bitcoins are making a splash into the Park City real estate market as Buyers and Sellers are beginning to make use of the cryptocurrency. I am pleased to be working directly with Real Advantage Title to assist buyers with Bitcoin purchases. Having worked with Karen Kasperick for years we are pleased to partner with Russ Smith and his entire team to assist our clients and future clients in their Bitcoin transactions on real estate purchases in the Park City area. If you would like to purchase a property in Park City using Bitcoins, my team and I can make it happen - Call me with questions.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Read on to see The Park Records article on the most recent Bitcoin purchase in Park City by Carolyn Webber.

Russ Smith, left, and Karen Kasperick are excited at the prospect of future Bitcoin transactions after this first successful one.

When Russ Smith picked up a call and heard the words, "What do you know about Bitcoin?" he did not have a precise answer to give. About two months later, he was finalizing a deal with a client using the new currency.

Smith, state manager of the Real Advantage Title Insurance Agency in Park City, recently made one of the first real estate transactions with bitcoins in the country and likely the first in Utah. The $3.5 million transaction was also one of the largest reported real estate deals to date using bitcoins.

Bitcoin is a form of cryptocurrency created in 2009 that is tied to no banks or country. Its value is based on algorithms from computers dependent on its use in the marketplace.

"It's basically a stock that you can use via a credit card," Smith said.

While bitcoin has become popular in some corners of the internet, it is only recently being used to purchase real estate. The first recorded bitcoin purchase for real estate in the U.S. took place in California in 2014. After a few years, another deal was finalized in Texas, Smith said.

He started looking into it after receiving a phone call from Dougan Jones, executive chairman of the real estate agency Engel & Völkers. Jones had received a call from one of his listing clients telling him that he would accept bitcoin for his property in Sundance. Another seller quickly followed suit. Jones realized that he needed to find a title agency that could help with those transactions, so he called Smith.

"I asked him if he would look into it, because it is coming at us in our industry," Jones said. Jones' seller did not find a buyer with bitcoins, but the seed was planted in Smith's mind.

In the meantime, Bob Struwe, a real estate agent for High Country Properties who worked with the buyer in the recent transaction, was doing his own research on bitcoin transactions because his client wanted to use the currency for a property purchase. It turned out to be hard to convince anyone to take him seriously.

"We were running into a real problem," he said. "His ideal scenario would be if a seller would take Bitcoin, and I knew that was going to be pretty remote."

Part of the problem is that many states, including Utah, do not consider Bitcoin legal currency, so it makes deals difficult for agencies. Plus, many people do not trust the currency because of a lingering negative connotation, Smith said. The buyer did not want to be identified in this story or have the seller know because of the stigma.

"Initially, a long time ago, it was conventional wisdom that bitcoin was considered a money laundering avenue," Smith said.

Luckily, Smith knew that it was legitimate and he and Struwe began the deal.

"It was an unbelievable success," Struwe said. "For us, (Real Advantage) was amazing to work with. The first time doing anything this complicated and large, there are some problems here and there, but everyone worked together so well."

The entire transaction took only seven days.

A typical cash deal takes three weeks to 30 days, Smith said.

Part of the reason the transaction closed so quickly is because bitcoins change value just as stocks do. If the value went up or down before the deal was closed, it would have caused some hiccups.

Smith said the setup for the deal was difficult because neither the market nor the government is prepared for bitcoin. He and Karen Kasperick, senior escrew officer at Real Advantage, had to find a way to quickly convert the bitcoins so it could be put into the title agency's trust accounts as U.S. dollars.

They eventually found BitPay, the same payment service used in the Texas transaction in September.

As more transactions take place around the country, real estate firms and title agencies will find it easier to make use of bitcoins in the market, Smith said. He believes bitcoins will only grow in popularity, and Park City should be ready.

"As we see more and more of these transactions happen, people will become more comfortable with it," he said. "And that's when the constituencies will start pressuring their local government to start moving toward moving cryptocurrency mainstream."

Smith and Jones agree that making Park City ready for Bitcoin transactions would be beneficial for the tourism market, since many foreign nations are jumping on the cryptocurrency bandwagon before the U.S..

"A lot of the people that we get in Park City are from overseas," Smith said. "They're very comfortable with it. If a hotel or a lodging company or any type of tourism starts taking cryptocurrency, I think that would be huge."

Since Struwe's involvement in the deal, he has received calls from people around the world interested in purchasing properties with their bitcoins. He, Smith and Jones believe that buyers and sellers are ready, but they need to be ready as well.

"It's our obligation to know enough about it to speak intelligently and represent our client in any form of consideration," Jones said. "Since our clients are coming to us offering bitcoins and proposing to receive bitcoins, we need to come up to speed. I think it is something we have a duty to understand and educate our clients on."

Park City Quarterly Stats

By Ramon Gomez, Jr.
Nov 01, 2017

The Park City Board of REALTORS® has released year over year quarterly statistics for Summit and Wasatch Counties.  The overall real estate market continues to be healthy, stable, and growing at sustainable rates. 

The number of single family market transactions and the median sales price grew at 7% and 7% respectively over the past year.  The bulk of these sales occurred outside the Park City Limits as buyers searched for properties that fit their lifestyle and budget.  The condominium market transactions and median sales price grew at 10% and 10% respectively over the past year.  These sales were spread more evenly across the Summit and Wasatch markets.

Sara Werbelow, President of the Park City Board of REALTORS® commented, “The real estate market is solid.  We have sufficient inventory to meet our client’s needs.  Prices do continue to escalate, but at a reasonable pace.”

Remember that these are overall statistics and are simply a snapshot at a moment in time and may not be representative of long-term trends.  The Summit and Wasatch markets are composed of numerous diverse micro-markets.  More granular statistics are shown below.  Buyers and sellers are encouraged to contact a member of the Park City Board of REALTORS® to find answers to specific real estate related inquiries and fully understand trends in the overall market and specific areas of interest.

Year-Over-Year Single Family Home Sales

The number of sales inside the Park City Limits increased by 12% and median price increased 18%.

Highlights:

  • Park Meadows sales increased 15% and median price increased 21%.
  • Old town sales increased 15% and median price increased 11%.
  • Lower Deer Valley sales decreased 19% but median sales price increased 8%.
The number of sales in the Snyderville Basin increased 9% and median sales price increased 2%.

Highlights:

  • Sales in The Canyons increased 14% and but median price decreased 26%.
  • Sales in the Silver Springs area decreased 6% but median price increased 4%.
  • Pinebrook sales were flat but median sales price increased 13%.
  • Jeremy Ranch sales increased 27% and median sales price increased 5%.
  • Promontory Sales increased 13% and median sales price decreased 12%.
Jordanelle sales increased 15% and median price increased 34%.

Heber Valley sales decreased 9% and the median price increased 4%.

Kamas Valley sales increased 32% and the median price decreased 5%.

Highlights:

  • Kamas and Marion sales increased 135% and median price increased 7%.
  • Oakley and Weber Canyon sales increased 5% and median price decreased 10%.
  • Wanship, Hoytsville, Coalville, Echo, & Henefer sales increased 54% and median price increased 17%.
Year-Over-Year Condominium Sales

Sales inside Park City Limits increased 28% and the median price increased 21%.

Highlights:

  • Old Town sales increased 28% and the median price increased 9%.
  • Lower Deer Valley sales increased 7% and the median price dipped 3%.
  • Prospector sales decreased 4% and the median price dropped 3%.
Snyderville Basin sales decreased 9% and the median price increased 6%.

Highlights:

  • The Canyons sales decreased 13% and the median price dipped 1%.
  • Kimball sales increased 6% and the median price increased 10%.
  • Pinebrook sales decreased 16% and the median price increased 3%.
Jordanelle sales increased 17% and the median price dropped 5%.

Heber Valley sales increased 10% and the median price increased 21%.

Conclusions

Clearly each micro-market has its own character and story.  Simply reviewing the numbers is not sufficient to understand the big picture.  Individual markets can be influenced by a number of factors including specific sales that can skew the statistics.  In addition, amenities, property condition, location, and new construction impact the numbers.  The only sure way to fully understand the local real estate market is to contact a member of the Park City Board of REALTORS®.

Third Quarter Market Overview

By Ramon Gomez, Jr.
Oct 24, 2017

This comprehensive third quarter market report provides an overview of the Summit and Wasatch County real estate market. We believe our clients should have access to information that facilitates thoughtful real estate decisions. The Park City market remains highly segmented. Our town, its neighborhoods, and outlying areas differ significantly in terms of price, home type, features, and amenities. For example, while Park Meadows and Upper Deer Valley share the same zip code, average home prices in these two neighborhoods vary significantly.

Our predictions: Overall, compared to this time last year, we have seen a significant increase in the number of resort properties sold in Deer Valley as well as single family homes sold in the Heber Valley. As Vail Resorts® continues their commitment to Park City Mountain, especially in the upgrades throughout the Canyons Village, as well as Deer Valley® Resort’s #1 Ski Resort ranking from Ski Magazine, we believe these factors will support strong winter sales. Throughout the Wasatch Back the number of properties sold has increased approximately 17% compared to this time last year with an approximate 8% increase in average price. Finally, we expect additional new developments to come to market in 2018 in the Jordanelle, Heber, and Canyons areas. Now, more than ever, is the time to call Park City and the surrounding areas home. Data interpretation, judgment, and historical context are key elements to making informed decisions, let us know how we can help.

Park City Proper - The heart of Park City spans from the world-class Deer Valley® Resort to the iconic white barn, McPolin Farm. Park City Proper includes the neighborhoods: Old Town, Thaynes Canyon, Deer Valley, Aerie, Prospector, and Park Meadows.

Snyderville Basin begins at the iconic white barn, McPolin Farm, off Highway 224 and includes the neighborhoods: The Canyons, The Colony, Sun Peak, Bear Hollow, Silver Springs, Old Ranch Road, Kimball, Pinebrook, Summit Park, Jeremy Ranch, Glenwild, Silver Creek, Trailside Park, Silver Creek, Promontory, and Quinn’s Junction.

Jordanelle is the picturesque area surrounding the Jordanelle Reservoir. Just minutes from Park City this area includes communities such as Hideout Canyon, Tuhaye, Victory Ranch, Soaring Hawk, and more.

 

 

Open space and farmland encompass the scenic Heber Valley. This area features remarkable views of Mount Timpanogos and countless recreational opportunities. The Heber Valley includes the neighborhoods of Midway, Charleston, Provo Canyon, Heber, Daniel, and Timberlakes.

East Summit County - Known as the “Gateway to the Uintas,” the charming Kamas Valley within East Summit County boasts endless outdoor activities. The East Summit County area includes the neighborhoods of Woodland, Francis, Kamas, Marion, Oakley, Weber Canyon, Peoa, Browns Canyon, Wanship, Hoytsville, Coalville, Echo, and Henefer.

If you have any questions about the reports above feel free to reach out anytime. Have a great week - Ramon and Judy Gomez

Open House & October Events

By Ramon Gomez, Jr.
Oct 03, 2017

We are hosting an Open House today from 12:00 noon to 3:00 pm at 7430 Buckboard Drive Park City, UT 84098.

Come and enjoy Ramon's Famous Jack Daniels BBQ Meatballs and an exceptional theater room demonstration.

Bring your family & friends to this home that has been beautifully remodeled & upgraded throughout. New Ponderosa Pine Wood floors, Orite Granite Fireplace and Breakfast bar, Fresco Plaster, all new Bosch appliances, recessed lighting in dining room, new office, new carpet, new 8 ft doors on Main Level....speaking of Main Level...Master, office, living room dining, hearth room and kitchen all on the main floor...Traditional mountain living with 3-car garage, large floor to ceiling windows Private yet has views! Driveway half plumbed for radiant heat. Balconies galore....the inside of this home is 90% new...and yes a separate entrance for the mother in law apartment!.... Bedrooms: 7 and Bathrooms: 4 Full, 1 3/4, 1 Half with 5,379 sq. ft. on 0.96 acres. Year Built: 1994 Remodeled 2017

This week we wanted to share Eight Tips For Staging Your Home. We are also available to assist in this process and work with great companies that share a professional touch.

1. Focus On The Curb Appeal -The first thing that potential buyers will see is the outside of your house. The lawn, landscaping, front porch, front door, and driveway are the first impression your home is going to make, so spruce up the lawn, plant some flowers, paint the front door, reseal the driveway, whatever it takes to make a good first impression.

2. Time For Some Deep Cleaning - This is crucial in home staging and is more than just picking up and vacuuming. Clean the spaces in the home that haven’t been cleaned for a very long time (or ever), including baseboards, vent covers, ceiling fans, and the fireplace.

3. Brush On A Fresh Coat Of Paint - A fresh coat of paint in main rooms or throughout the house can bring a home back to life. Renew the space with neutral, crowd pleasing colors. This can also help potential buyers envision themselves living in the home.

4. Give Each Room A Purpose - A spare room can make fantastic guest bedroom, home office, or gym. Each room should be transformed into a usable space where the buyers can envision what they can do with the room.

5. Update The Kitchen Fixtures - Luckily, minor changes in the kitchen can make the space feel more modern and updated. Consider replacing old light fixtures with modern ones or swap outdated hardware.

6. Brighten The Bathrooms - Light colors or white make things appear fresher, cleaner, newer, and more spacious. Brighten up your bathroom with a fresh coat of paint or with new white towels, shower curtain, and bathmat to give your bathroom a clean and relaxed feel.

7. Bring In The Light - Curtains are beautiful, but they can darken and date a room. Potential buyers want to see the home in all it's glory; so pull up the blinds, open the curtains, and make sure the windows are spotless to let as much light in as possible.

8. Highlight The Positives - Every house has its own stand-out features, whether its unique woodwork, great flow, or a stunning backyard, boost the appeal of your home by playing up the positives.

OCTOBER EVENTS

Mondays thru Saturdays: Midway Creamery Hay Maze and Pumpkin Patch, Midway

Mondays, until 10/23: Happy Valley Farmers Market, Springville

Mondays, until 10/30: Light Up the Night Halloween Parade, Thanksgiving Point

Tuesdays, until 10/17: 2017 Tuesday Harvest Market, Salt Lake City

Wednesdays, until 10/25: Sugar House Farmer's Market, Salt Lake City

Wednesdays, until 10/25: Park City Farmer's Market, Park City

All Month Long: Homestead Resort Annual Scarecrow Festival, Midway

Thursdays, until 10/26: Bountiful City Farmers Market, Bountiful

Fridays, until 10/27: Happy Valley Farmers Market, Orem

Saturdays, until 10/28: Trick-or-Treat Parade, Thanksgiving Point

Saturdays, until 10/21: Cache Valley Gardener's Market, Logan

Saturdays in October: Trick or Treat Parade, Thanksgiving Point

Thusdays - Saturdays: Haunted Wagon Train, Heber City

Saturdays and Sundays, until 10/15: Oktoberfest 2017, Snowbird

Weekends in October: Frightmares, Lagoon

All October: McCoard's Provo Corn Maze, Provo

Now - 10/8: Thriller by Odyssey Dance Theatre, Park City & Salt Lake City

Now - 10/8: Thriller - Odyssey Dance Theatre, Park City

Now - 10/15: Dine About, Park City

10/5 - 10/7: The Pumpkin Train, Heber City

10/7: 8th Annual Harvest Fest, Kamas

10/13 - 10/22: Haunted Aquarium, Draper

10/14: Monster Mash & Dash, Kaysville

10/14: The Color Run Salt Lake City, Salt Lake City

10/14: Park City Sunrise Rotary Shot Ski, Park City

10/19 - 10/22: Aladdin, Salt Lake City

10/20: Haunted Night at the Museum: Viking Ghost Ship, Salt Lake City

10/21 - 10/21: Fall Harvest Festival, Wellsville

10/24: Disney in Concert: Tim Burton’s The Nightmare Before Christmas, Salt Lake City

10/27: Halloween Party, Snowbird

10/31: Howl-O-Ween! on Historic Main Street, Park City

Thursday - Saturdays: Daily Pumpkin Train, Heber City

The Kamas Lifestyle

By Ramon Gomez, Jr.
Aug 30, 2017

KamasKamas, Utah is considered the gateway to the Uinta Mountain Range. This high country town has a population of around 2,000 people and a ranch mentality carried over from the earlier settlements. Today the town defines itself by vast tracts of open space, access to recreation and family friendliness. Stay for a flick or local dining, including Mirror Lake Diner, Gateway Grille, Hi-Mountain, Summit Inn Pizza, and El Jalisciense. You will find a variety of local businesses to outfit your next outdoor adventure or offer advice on great campsites or adventures in the vast Uinta Mountains and High Uintas Wilderness. Find out more about the town of Kamas by giving us a call and check out Visit Utah - Life Elevated.

Kamas2315 N Deer Mountain Boulevard Kamas, UT - This meticulously maintained and updated 4 Bedroom 3 full Bathroom Deer Mountain Property offers un-paralleled Deer Valley Resort, Timpanogos and the Jordanelle Reservoir views from the second deck while maintaining personalized custom touches of the perfect Park City getaway. The inviting open floor plan allows ease and comfort of main level living. The lower level boasts 9 foot ceilings, family room, natural hardwood floors, a rustic wet bar, pool table area as well as exercise room and a generously sized steam room. An absolute must see 10-minutes outside Old Historic downtown Park City, this diamond in Deer Mountain is truly one of a kind. (4,422 sq. ft. on 0.22 acres Year Built: 2003) Click here to view additional images.

Kamas148 Sky Lane, Kamas UT - Looking for horse/toy property? You and your horses can move right into this 4,852 sq ft custom built log home with 6 bedrooms, 2.46 acres with nice mountain & valley views. A warm and inviting floor plan includes a large kitchen with custom hickory cabinetry, master bedroom located conveniently on the first floor. Relax on the large covered deck while watching your horses in one of the three pastures. A four stall barn with tack room and feed area plus metal shed has a separate drive to barn areas for trucks & trailer access. Click here to view additional images.

Looking for something to do tonight or tomorrow night, here are a few events:

Lady Antebellum August 30 USANA Ampitheatre - West Valley City Lady Antebellum comes to USANA on August 30th for their “You Look Good” World Tour! $32.75 - $66.25

Utes vs North Dakota August 31 at the Rice-Eccles Stadium - Salt Lake All single game ticket prices are subject to Demand Based pricing adjustments. The ticket office will adjust the prices for individual home games based on demand for the game.

Asteria: A Cirque Style Show August 31 Rose Wagner Center - Salt Lake Asteria, daughter of the Sun and Moon, has fallen from the sky. Follow her in her journey home through the elements, depicted through cirque-style acrobatics, hand balancing, contortion, and original Aeris-designed aerial apparatuses and costumes. Come enjoy this adventure with the whole family! $7 - $20

 

 

Deer Valley Update

By Ramon Gomez, Jr.
Aug 23, 2017

Deer-Valley-Resort-2This week we are starting our blog with a Special Announcement from Bob Wheaton.

I want to be the first to let you know the latest news. The newly formed entity controlled by affiliates of KSL Capital Partners, LLC (“KSL”) and Henry Crown and Company (“HCC”) that in July joined Intrawest Resorts, Mammoth Resorts and Squaw Valley Ski Holdings has entered into an agreement with Deer Valley® to acquire the resort.

Over the last 36 years, Deer Valley has developed into one of the highest quality ski resorts in the country. This transaction puts the resort in a strong position to continue to grow as part of a portfolio of 12 other outstanding resorts. We are excited about the new opportunities this will create for our staff, our guests and the Park City community.

I know there will be questions about the purchase and why we entered into this agreement. For this reason, we have included a link to the press releasethat was sent to media as well as a list of your anticipated questions and answers.

Please know that KSL and HCC are committed to Deer Valley’s brand, providing exceptional service to our guests, as well as to the staff. They truly value the efforts and dedication from staff members in building this amazing, preeminent mountain resort.

I plan to stay on as President/General Manager serving in my current role at Deer Valley Resort with no anticipated changes, and I sincerely hope you share in my excitement as we enter this new phase in the evolution and growth of Deer Valley Resort.

Sincerely,

Bob Wheaton, President/General Manager

We will be having an Open House today at 1333 Snow Berry Street in the Glenwild Golf Community from 10 am to 1 pm.

A must see, this exquisitely finished home has unobstructed views. Sit out at the fire pit as you enjoy the mountain views and sunsets or slide over to the hot tub located on the precipice of this lot. The dueling staircases are just one of the several highlights of the expansive great room/kitchen/dining area all with views worth savoring. Radiant flooring heat will keep you toasty warm in the winter while sitting in front of the massive stone fireplace and the 8 inch wood planks provide an added warmth to this home. The master bedroom is on the main floor with its own sitting are, steam shower and views from your bed of the mountains. Come and see us today.

Bedrooms: 5 Bathrooms: 3 Full, 3 3/4, 1 Half 8,118 sq. ft. on 2.69 acres Year Built: 2009

 

 

Home MagazineThe most recent edition of Park City Home  has a great article by Beth Rinehart of Berkshire Hathaway HomeServices regarding Millennials.

It has become a reality: The fun-loving, selfie-taking, phone-hooked generation known as ‘Millennials’ can afford homes. While some people may still think of them as young kids, they’re all grown up—and they are becoming homeowners. Millennials — those born post 1980 through the early 2000s — are moving out of their childhood homes and forming their own households. Millennials now make up 42 percent of all homebuyers and 56 percent of the nation’s first-time homebuyers. They are a dominant force in the housing market, and according to a recent Pew Research Center report, have surpassed the baby boomers as the largest living generation.

Many Millennials experienced, firsthand, the greatest economic downturn since the Great Depression. During the downturn, many of them graduated from college, entered the job market, and discovered that finding a job proved to be exceedingly difficult. Although the housing bubble contributed to the decline of the stock market in the late 2000s, studies have shown that currently Millennials are the most enthusiastic generation in relation to real estate, and they are turning away from stocks, because they believe real estate is a more profitable investment.  

“Millennials are showing especially strong increases in job confidence and income gains, a necessary precursor for increased housing demand from first-time homebuyers,” says Doug Duncan, senior vice president and chief economist at Fannie Mae, in a CNBC report by Diana Olick.

This strong sense of financial gain and confidence in the real estate market bodes well for the continuing trend of Millennials settling down and purchasing homes.

What Millennials Want As Millennials become homeowners, it’s important for sellers (and investors) to know what they are looking for in a home.

“Millennials want simplicity and convenience,” says Will Cooper, President of Business Development at Berkshire Hathaway Utah Properties, and the father of four Millennials. “Turn-key homes that are close to work and their friends. Millennials are typically climbing the career ladder, have high student loan debt, and can’t afford to make updates on their homes.”

Since most Millennial homebuyers have tight budgets due to college costs and constricted salary increases, the majority of their savings goes toward purchasing their homes. Updated kitchens and bathrooms provide a vast advantage for budget-conscious Millennials. Most Millennial buyers are happy to make some updates to their homes, but they realize the kitchen and bathrooms are the most expensive to renovate.

There are a few “must haves” on most Millennial homebuyers’ lists; at the top are location, open and multifunctional spaces, low maintenance properties and technologically efficient, green, sustainable homes. They follow current trends, in that they prefer open floor plans and space for entertaining, as opposed to sectioned-off kitchen, living, and dining rooms.

If there’s one room they are looking for, it’s a home office. With an increasing number of companies moving out of corporate offices and into work-from-home spaces, having a dedicated work area is important for Millennials.

Additional sought-after items include: smart home features, energy efficiency and low or no homeowner association dues. Because they use cell phones constantly, most Millennials see value in the ability to control their homes with their phones. Home value may increase or diminish, based on cell signals inside the home or available internet providers.

The manner in which Millennials search for homes is also changing; the majority search for homes on their phones, tablets or computers. Online photos essential in capturing the interest of a Millennial. Without professional photos showing the home in its best light, many Millennials will move on before ever stepping foot in the door. But, once they’re interested in a home, they rely on the expertise of their local Realtor® to decipher often inaccurate, or incomplete, information found on the internet.

Due to the “reality TV effect,” they are more likely to notice and comment on whether or not a home has been staged or decorated. Millennials expect a home to look as though it could be featured in the “after” shots of a HGTV program.

So if you want your home to appeal to the Millennial generation—with their cellphone in one hand and a venti-no-foam-extra-shot-almond-milk latte in the other — think contemporary, think technological, think green, and think: Designer Home Show ready.

If you missed our last blog, we have attached the 2017 Second Quarter Wasatch Back Market overview again. Click here to see the digital online version.

 

 

Market Recap & May Events

By Ramon Gomez, Jr.
May 17, 2017

Following up on the last two weeks of blogs the Summit and Wasatch County markets remain varied and complex to read, but stable in terms of positive growth. In Park City limits, when compared with last year's first quarter, there has been only a 1% change in average single family home price, suggesting an overall stabilization of the market in town. However, in key development areas like Canyons Village, there was a doubling in the number sales and a 22% increase in average price, suggesting pockets of intense growth where there is new inventory. Similarly, gated golf communities remain popular, and Red Ledges, Glenwild, Tuhaye, and Promontory all saw an increase in the number of sales and in average price. (Remember the Mini Markets that make up Park City)

New condominium projects continue to boast the greatest buyer activity. With 190 condo sales, Jordanelle was the single most active market segment, closely followed by Canyons Village with 177 sales. These newer developments, which feature modern amenities and a range of prices, continue to resonate with sophisticated buyers. This trend is likely to continue with other new projects like those at Canyons Village and Silver Creek Junction.

In Wasatch County, Heber and Midway are the most active single family home markets with 218 and 109 sales, respectively. With new builds, attractive prices, and stunning views, these towns have seen tremendous real estate growth, which we predict will continue. To better navigate our complex market, reach out for information and options.

It is now golf season in Park City! You've Skied America's largest resort, now golf Utah's newest course. Canyons Golf Opens May 26th as well as Summer in the Mountains. From hiking and biking to the Alpine coaster and Kids Adventure Course, Park City offers family friendly activities all summer long!

MAY EVENTS

It's officially spring on the Wasatch Back, which means two-for-one entrees, Running with Ed, and mountain biking. While May can be a bit quiet, locals can find dining coupons, take tours at Red Butte Gardens, and make the most of uncrowded trails. The Egyptian Theatre has a great line up this month as does the Park City Film Series. Here are some events to check out:

All Month Park City Film Series

May 18-20 Hot Tuna at the Egyptian Theatre

May 20 Running With Ed

May 23 Jethro Tull at Red Butte Gardens

May 26 Park City Gallery Stroll 

Beyond Park City, Heber Valley boasts fishing, horseback riding, new restaurants, and dry trail systems in full bloom. Make the most of spring in the Wasatch. A few of our favorite spring hikes are Soapstone Basin, Heber Valley Overlook, and Round Valley, all of which provide spectacular views, wild flowers, and varied levels of difficulty. Here's some Heber Valley happenings:

May 19-20 Heber Valley Horse Sale at the Wasatch County Event Complex

May 26-June 3 Heber Valley Wild West Days

How Is The Park City Market?

By Ramon Gomez, Jr.
May 03, 2017

People always like to ask me... How is the Park City Market? This question comes from both our Buyers and Sellers. This loaded question with no short answer comes down to this... Park City is comprised of many different "micro markets". One area of Park City can be down while another area of Park City is up, and wouldn't you know this can change from quarter to quarter within the same year. Sometimes there are very clear reasons for sudden decreases or increases in our "micro markets" and sometimes not. This my friends is why you need a qualified, knowledgeable, local real estate agent. Let me share some examples of the Park City Market "micro markets" for the first quarter of 2017 as compared to the first quarter of 2016.

Single Family Home Sales - # of Sales this Quarter

Old Town Up 56%

Lower Deer Valley Up 113%

Upper Deer Valley Down 17%

Park Meadows Down 10%

The Canyons Up 60%

Kimball Junction Down 50%

Summit Park Up 150%

Jeremy Ranch Even

Glenwild/Silvercreek Up 233%

Promontory Up 8%

Trailside Down 63%

And why don't you take the Park City area market as a whole... you can see from the percentages above that to talk about the real estate market of Park City as a whole would be somewhat misleading, that being said the Park City area is overall 22% higher for the first quarter than last year this same quarter and interestingly enough Snyderville Basin is also overall 22% higher in closed sales.

Next week we will address the condo market.

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Current Market Conditions

By Ramon Gomez, Jr.
Mar 15, 2017

2270254.largeThis week we wanted to share some great information about the Utah Market provided by Berkshire Hathaway HomeServices Utah Properties.

WE ARE IN THE BEST STATE FOR BUSINESS

The perennial winner of Forbes' annual Best State for Business award, Utah remains competitively positioned to support continued real estate growth. With an abundance of technology, health care, and creative businesses planting roots in Utah, our state unemployment rate is among the lowest in the country at just 4%. Due to the state's unprecedented economic evolution, real estate sales are likely to remain robust in northern Utah.

 

Utah GrowthJOB GROWTH MEANS HOUSING GROWTH

Utah’s job growth rate is 3 to 4 times higher than the domestic average due to the relocation and expansion of companies who favor a highly-educated work force and economic incentives. In real estate, this continues to produce a steady stream of qualified buyers enticed by Utah’s affordable home pricing and unparalleled lifestyle. With favorable business conditions, the trends of relocation and increased housing demand should continue.

 

Utah PricingPRICES AND DEMAND ARE GRADUALLY RISING

Since 2011, we've seen a 48% increase in median single family home prices. The market has completely recovered from the recession and shows no signs of slowing. While median and average prices continue to climb, courtesy of new development and property renovation, there are still market pockets ideal for entry-level buyers.

 

Utah Days on MarketDEMAND IS AT AN ALL TIME HIGH

With most homes selling within two weeks in Salt Lake County, there's clear evidence of healthy homeowner demand. Historically low inventory has produced a market where buyers outnumber properties. Pre-qualified buyers, who can move quickly into the market, have an advantage. Those guided by Utah Properties experts are alerted to properties as soon as they hit the market.

 

Utah ProjectionsKEY TAKEAWAYS

Overall, the real estate sector looks bullish. Utah's strong economic performance and job growth coupled with moderately rising interest rates have created a climate of urgency. To get a more detailed profile of your local market, reach out.

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Homes of Park City

By Ramon Gomez, Jr.
Feb 23, 2017

Judy and I have the pleasure of representing amazing clients - here are some of the beautiful homes that we currently have listed on the market in the Park City area.

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No other home is as inviting as this Stone Mountain Chateau Estate, nestled on a private hillside in the corner of prestigious Glenwild, a privately gated community, with the number one rated golf course by Golf Digest since opening ...As you enter thru the iron gates through a covered Stone Passage, you will desire to stay on the private deck/patio with views, a fire pit to relax by, privacy and elegantly designed with a sunken hot tub and a beautiful dining deck, surrounded by stone half walls. I have not seen a patio ever done better...When you do enter the home through Custom Mahogany doors, you are greeted by a floor to ceiling stone fireplace and picture windows that truly make you say "Wow", with views overlooking Glenwild golf course and in the distance views of Deer Valley Ski Resort. The Craftsman ceiling beams are the perfect accent, as you walk thru the home on 8 inch hardwood plank floors you will notice quality everywhere. A private entrance to a 1 bdrm guest house. (7,146 square feet, 2.42 acres, 4 bedrooms, 6.00 bathrooms)
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7185 Canyon Drive in Pinebrook - Upon arriving through the private driveway gate, you will know that you have "Arrived Home". This elegantly finished home is finely crafted with Main Floor living, Large floor to ceiling windows allowing light and views, yet while providing privacy due to its location.On the lower walkout level you will find two family rooms, one a game room and one with a drop down large TV screen, plus a fine wet bar, wine room, 4th bedroom and office. Decks off the large master and great room provide great viewing. The landscaping is relaxing with a water feature and attention to detail. (4 bedrooms, 6.00 bathrooms, 6628 square feet and 0.60 acres)
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338 W Willow Ct. - Woodland and Francis - This great horse property home is located in the Wild Willow subdivision on a little over a half acre of land. The home has 5,009 finished, 395 unfinished square footage plus 2,200 square garage. You can park your RV or horse trailer using the 12 ft door in the garage and still have room for storage and autos. There are 5 bedrooms, 4.5 bathrooms, great room, family room, a spacious kitchen and an unfinished room that could be storage, a theatre or exercise room - anything you want. Back deck is beautiful with massive beams and landscaped yard. You should make sure to see this home.
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3584 E Ridgeway Drive - Jordanelle - Surrounded by the Tuhaye Golf Course and breath taking mountain views, the backdrop of this home has become its focal point, with architecture that integrates the interior and exterior, celebrating the scenery at every turn. Elegant, yet with a rustic touch, describes this fully furnished, large open floor plan with a main floor master. A gourmet kitchen is ready to entertain family and friends. Theater room and bar are located next to a large family room on lower level. There are an additional 4 en-suite bedrooms. The details in this home are amazing. Fine light fixtures, 8 inch base and case through-out home, decorative sinks, the list goes on and on. (5 bedrooms, 7 bathrooms, 6745 square feet on 1.44 acres)
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4047 W Moosehollow Road - Jeremy Ranch If you are looking for that "Special Home" in Park City that is not the run of the mill mountain home, you need to come and see this very elegant, finely appointed quality constructed home in the gated community of Moose Hollow... Australian Jarrah wood floors, Cherry Paneled Library, formal dining room, Crystal chandeliers, crown moldings, miles of uninterrupted views, privacy. This home has a kitchen that chefs love with butcher block island, Subzero, Bosch, and Dacor Appliances. The guest bedrooms are large and have on-suite baths. The spacious master boasts floor to ceiling windows, large walk-in closet, and the master bath is marble. Other features include.. and outdoor swim spa that has an electric cover.. 4 car garage, large mud room, exercise room, family room, game room, lower level walk-out and a craft/office room. Plus this location provides you with extremely easy access to both Salt Lake City and to Old Town Park City. (5 bedrooms, 8 bathrooms, 8442 square feet on 2.59 acres)
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8936 S Quail Run Drive - Wasatch Front (Salt Lake City - Ogden - Provo) This home is located in desirable Willow Creek Heights of Sandy, UT. Owners have lived & cared for this home since construction and is in "Great Classic Original" condition, extra parking for your toys, the backyard is nicely landscaped, 4 fireplaces, 3 wood, 1 gas, thermal pane windows. (4 bedrooms, 4.00 bathrooms, 4396 square feet on 0.24 acres)
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7474 Foxglove Court Glenwild / Silver Creek - This beautiful Mountain Contemporary starting soon...on the main floor master with large walk-in closet (with washer/dryer hookups), office, great room/kitchen, hearth room, pantry and mud room...the lower level features 3 bedrooms all en-suite, great room, bar and approximately 600 sq ft unfinished room. This home has expansive decks off the great room overlooking the 10th green and 11th tee of the Number One rated private golf course in Utah. Plenty of open space and spacious entertaining areas...Even a viewing deck on the front of the home. (4 bedrooms, 5.00 bathrooms, 6560 square feet on 1.02 acres)
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1333 Snow Berry Street - Glenwild / Silver Creek - A must see, this exquisitely finished home with unobstructed views....Sit out at the fire pit as you enjoy the mountain views and sunsets.. or slide over to the hot tub located on the precipice of this lot. The dueling staircases are just one of the several highlights of the expansive great room/kitchen/dining area... all with views worth savoring. Radiant flooring heat to keep you toasty warm in the winter while sitting in front of the massive stone fireplace. the 8 inch wood planks provide an added warmth to this home, the master is of course on the main floor with its own sitting are, steam shower and views from your bed of the mountains. Come and see just too many features to list here. (5 bedrooms, 7 bathrooms, 8118 square feet on 2.69 acres)
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784 E Longview in Jordanelle - Lot location above Outlaw Golf Course with great views of the Jordanelle, Deer Valley, and Mt. Timpanogos. 8 miles from downtown Park City. Enjoy hiking, walking, biking and snowshoe trails. Builders and Architects welcome. Adjoins common space allowing privacy and views. (0.49 acres)

 

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12315 N Deer Mountain Boulevard - Jordanelle Year round views of snow covered ski resorts and mountains and views in the summer of deep blue Jordanelle Reservoir. When home was purchased it was 5 bedrooms, the current owners combined two bedrooms into one with large walk-in closet, they added a fitness room and wet bar. The lower walkout level is incredibly large and a joy to be in. A very large steam room is located next tot he fitness room. The home has zoned heating....new carpet in the front office of which could be an office or dining room or a sitting room your choice. The master is on the main level, and a nice deck to view the lake and mountains....really this is a home you should come and see before you buy anything else. (4 bedrooms, 3 bathrooms, 4422 square feet on 0.22 acres)

A Home With A View

By Ramon Gomez, Jr.
Dec 21, 2016

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We are proud to have beautiful homes listed on the market and this week were are spotlighting a few of our listings. Check out our website for all of our current listings and read on to find out about upcoming events in the Park City area.

526 West Inverness Lane in Heber

This single family home with a fabulous view of the Heber Valley. New granite, new carpet, refinished oak floor, new paint, 100% finished lower level with a kid friendly stairway nook, main floor master, and vaulted ceilings make this home a must see. It features 4 bedrooms, 3 baths, great room, family room, office/study, and a 2 car garage. The fully fenced backyard backs up to Spring Creek, a feeder spring to the Provo River and the North Fields. The Wasatch Back and Mt Timpanogos make a fabulous backdrop to the new deck and outdoor living space. (4 bedroom & 3 bathrooms - 2,406 sq. ft. on .15 acres)

8936 S Quail Run Dr. Wasatch Front (Salt Lake City - Ogden - Provo)

This home is located in desirable Willow Creek Heights of Sandy, UT. Owners have lived & cared for this home since construction and is in "Great Classic Original" condition, extra parking for your toys, the backyard is nicely landscaped, 4 fireplaces, 3 wood, 1 gas, thermal pane windows. (4 bedrooms, 4 bathrooms, 4396 square feet and 0.24 acres)

7185 Canyon Drive - Pinebrook

Upon arriving through the private driveway gate, you will know that you have "Arrived Home". This elegantly finished home is finely crafted with Main Floor living, Large floor to ceiling windows allowing light and views, yet while providing privacy due to its location.On the lower walkout level you will find two family rooms, one a game room and one with a drop down large tv screen, plus a fine wet bar, wine room, 4th bedroom and office. Decks off the large master and great room provide great viewing. The landscaping is relaxing with a water feature and attention to detail. (4 bedrooms, 6.00 bathrooms, 6628 square feet on 0.60 acres)

6816 Mineral Loop - Promontory Area

This beautiful home is located in the Silver Gate Ranches subdivision on a little over a half acre of land. The home has 3,702 finished square footage with another 2,377 unfinished square feet of possibilities. Stunning views await you as the home faces the beautiful mountains of Park City. There are 4 bedrooms, 4 bathrooms, 2 fireplaces, an office and a den in this beautifully designed mountain contemporary home. (4 bedrooms, 4 bathrooms, 6080 square feet on 0.53 acres)

The 2017 Sundance Film Festival is coming up January 19 - 29th. For the 2017 Festival, 113 feature-length films were selected, representing 32 countries and 37 first-time filmmakers, including 20 in competition. These films were selected from 13,782 submissions including 4,068 feature-length films and 8,985 short films. Of the feature film submissions, 2,005 were from the U.S. and 2,063 were international. Ninety-eight feature films at the Festival will be world premieres. In 2016, the Festival drew 46,600 attendees, generated $143.3 million in economic activity for the state of Utah and supported 1,400 local jobs.

Park City Happenings

Snowfest - December 21 - January 1, 2017 - Park City Mountain Resort

Winter Solstice Ceremony Celebration - December 21, 2016 - HeartSpac

Kurt Bestor - December 22 - December 25, 2016 - Egyptian Theatre

Park City Film Series - Little Men - December 22 - 24, 2016 Jim Santy Auditorium

Lil Jon - December 23, 2016 - Park City Live

Fox School of Wine's Weekend Wine Series - December 24 - April 1, 2017 Silver Baron Lodge

Christmas Eve Torchlight Parade - December 24, 2016 - Park City Mountain Resort

Santa Claus Visits Deer Valley Resort - December 24, 2016 - Deer Valley Resort

Climbing Wall - December 25 - December 31, 2017 - Swaner Preserve and EcoCenter

Canyons Resort Expansion

By Ramon Gomez, Jr.
Sep 20, 2016

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Last week, TCFC Finance Co., the development company that owns the land on which Vail Resorts operates its ski area, and Replay Resorts hosted a community meeting about the new Canyons Village Master Plan to reconfigure approximately 2.3 million of square feet of development in the upper and lower village. The plan was met with support for its efforts to reduce traffic, increase parking, and build a pedestrian-friendly village. The master developer of the Canyons Village at Park City Mountain Resort wants to create a “more cohesive and vibrant village core for all seasons” with the help of a new master plan.

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By linking two of North America’s greatest ski areas, Vail Resorts has created Park City Mountain. With 7,300 acres of skiable terrain, it’s the largest mountain resort in the U.S. The Park City experience starts at Canyons Village, and plans are underway to transform the village into a vibrant four-season center of recreation, celebration and imagination. Click here to learn more about the master plan and meet the team behind it all.

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Looking forward to the 2016–17 ski season, there are new and exciting things in store for skiers and riders. This is a really long post, so grab a snack and play some ski tunes to set the mood. This list starts with what’s new at Utah’s resorts, then covers deals and passes, so make sure you get to the end of the article.

Last weekend was Autumn Aloft which made the most of our beautiful fall weather and some amazing photos. Looking for something to do this weekend - Snowbird's Oktoberfest runs from Aug 15 - Oct 11. Oktoberfest at Snowbird features music, dancing, traditional German cuisine, and a beer garden. Enjoy a bratwurst and sauerkraut, apfelstrudel and more. Kids young and old can enjoy face painting, a caricature artist, inflatable rides, yo-yo demonstrations, clowns, music, balloons and other activities. Until next week - here is the latest Park City neighborhood video from Berkshire Hathaway.

Second Quarter Park City Market Update

By Ramon Gomez, Jr.
Jul 27, 2016

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The total sum of all sold transactions in Park City from the first six months of 2016 suggests steady, but measured growth. The total volume of sales, roughly $800,200,000, is up 12% from the same time last year. This increase in sales volume can be attributed to a 20% increase in Single Family homes during the first six months of this calendar year.

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Sales volume is up: The number of closed properties in Park City showed a recovery from a slight downturn in the first quarter of this calendar year. Looking year-over-year, closed sales have remained fairly flat the last four years with the number of closed transactions at the second quarter benchmark remaining right around 400.

Sales are steady and have been for the last four years: Listing inventory in Park City, while still a bit constrained, has remained level for the last 12 months. There are currently 1,186 listings as of July 1 of 2016 compared to 1,170 from the same time last year, suggesting a stabilized inventory level.

Listing inventory has remained steady at around 1,000 active listings for the past 2 years: The current absorption rate, which is the rate at which available homes are sold in a specific market during a time period, suggests a much higher demand for anything under $660,000 for condos and anything under $1.6 million for family homes. Condos under $660,000 have an absorption rate of 4.6 months; whereas, condos over $660,000 have an absorption rate of 15.4 months. As the absorption rate is calculated by looking at the ration between available homes and monthly sales, these indicators suggest the importance of accurately pricing with the help of a seasoned professional. Overall, the absorption rate is gradually decreasing.

The absorption rate is decreasing, suggesting the importance of accurate pricing and strong buyer demand at the right price point: Prices are increasing both in and around Park City at a steady clip. Since January of 2012, the median price of single family homes in Park City has increased at an average of 7.2% per calendar year. The rolling median is up 12% from 2015, with the average price of single family homes increasing at a rate of 12.8%, suggesting a bullish local market. Prices are increasing, but a gradual rate.

The Condominium Market is also doing well and here are some tips to help you prepare your condo for the Park City market.

Decide when to sell your condo - time of year, current competition in your building and similar buildings, your personal goals and the state of the overall real estate market will affect the sale of your condo.

Prepare your condo for sale - declutter, stage every room for optimal use, and clean every inch. Optimize your storage by decluttering parking space(s) and lockers too.

Pricing your condo - important factors include views, ceiling height, layout, location in the building and the size of the condo. Supply & Demand in your building and similar buildings will affect price as well as recent renovations, maintenance fees, developer upgrades, parking, outdoor space, amenities, reputation of building and the ratio of renters to owners.

Marketing - your agent will market your condo with high resolution photos, brochures, flyers, videos, 3D tours, host open houses and be at every showing.

Our team is here to help market OR find your next home or condominium in the Park City area. Let us put our 18+ years of service to work for you.

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Click here to view our Berkshire Hathaway Living Mountain Real Estate Guide

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Click here to view our Berkshire Hathaway Local Neighborhood Guide

Visit our website for more information or give us a call to discuss Park City real estate.

Homes in the Glenwild Golf Community

By Ramon Gomez, Jr.
Jul 20, 2016

As a person that is in Glenwild from time to time, I wanted to inform you of some of the great homes that are for sale in Glenwild. We even have one that is available to rent or buy. Thank you for taking a moment to review these fine homes that I have listed, of course there are also several other fine homes available that I could assist you or your friends in reviewing. I would be honored to assist you…. call me directly anytime. 435-640-0590

a1016665-d82a-4d7d-b426-766f9841f761 7418 Glenwild Drive Lot 89 This timeless and classic estate has great mountain views, it sits above the 14th hole, and was just reduced from $10,000,000 to $8,200,000 5 BR, 7 BA, 11,564 SQ FT

 5f66573c-742b-42d7-86b0-ccb827466b9f 1333 Snowberry Street Lot 13 This elegant mountain contempory villa sits on the ridgeline and has dueling staircases, expansive kitchen, greatroom and dinning area. All with views worth savoring. 5 BR, 7 BA, 8,118 SQ FT $3,990,000

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7474 Foxglove Court Lot 121 This georgeous mountain contemporary home will be built on Lot 121. 4 Bedrooms, over 6,000 SQ FT Please call me for details.

 970c6cac-d3e7-4c6c-b36a-df46632b4eab 7710 Purple Sage Lot 49 You can rent this great home with sweeping views, long term 12/18 months for $8,750 per month. Owner will consider selling. Call for details. 4 BR, 6 BA with 7,430 SQ FT

 

Interested in the Park City real estate market - check out our digital version of the Summer 2016 Neighborhood Guide and the digital version of the Summer 2016 Living Guide.

In the news - check out the latest article about our great state Utah is #1 for business.

Fun around town - The Park City Mountain Resort Summer Concert Series gives a reason to kick off your sandals, get in the summer groove, and jam out under the summer stars at the Mountain Stage in Canyons Village on Saturdays at 6:00 pm. The next concert is coming up on July 30th with Robert Ellis.

www.RealtorRamoninParkCity.com

Park City - Sneak Peek & Draper - Open House

By Ramon Gomez, Jr.
Jul 06, 2016

FullSizeRenderThe Park City Sneak Peek... 6816 Mineral Loop is coming on the market July 12th! This beautiful home is located in the Silver Gate Ranches subdivision on a little over a half acre of land. The home has 3,702 finished square footage with another 2,377 unfinished square feet of possibilities. Stunning views await you as the home faces the beautiful mountains of Park City. There are 4 bedrooms, 4 bathrooms, 2 fireplaces, an office and a den in this beautifully designed mountain contemporary home. Call us for your sneak peek today.

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12928 S HICKORY KNOLLS COURT - SALT LAKE CITY OPEN HOUSE - SATURDAY, JULY 9, 2016 - 12 Noon to 3 pm Contemporary Elegance With Forever Views Plus Room For All Of Your Toys

Contemporary elegance with special attention to craftsmanship, such as wood carved doors, beautiful light fixtures, all within a floor plan that will fit you like a glove. The kitchen and great room offer the perfect setting for entertaining your friends and family inside and outside with views to savor and room for everyone. Located on a quiet cul-de-sac, this home offers privacy and a lovely secluded landscaped backyard. There is an extremely large Master Suite on the main floor offering a see-thru fireplace, sitting area and private deck. The exercise room could become a 5th bedroom on the lower level. The main floor garage is a 4 car garage while on the lower level there is a large 10+ car garage with 2,850 sq ft of space, storage, two 14ft garage doors and even it's own bathroom - enough to fit everything you own. Click here to view pictures and our 3D tour.

Click here to view the 2016 Q1 Market Report for the Wasatch Front.

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Ramon Gomez, Jr. and Judy Gomez

ramon@rgomezjr.com

435-640-0590

www.RealtorRamonInParkCity.com

 

Happy 4th of July!

By Ramon Gomez, Jr.
Jul 05, 2016

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Happy 4th of July from our family to yours! Here are the links for the celebrations in Park City today as well as activities for the rest of the month.

Every Wednesday All Month Park City Farmer's Market

Every Sunday All Month Park Silly Market

Every Thursday All Month Newpark Concert Series

Every Thursday All Month Heber City Farmer's Market

Weekends All Month Flying Ace Show at Utah Olympic Park

6/30-7/4 Oakley Rodeo and 4th of July Celebrations

7/1-7/4 Egyptian Theatre presents Rock of Ages

7/4 Park City Independence Day Parade and Celebrations

7/6 The Austin Wolfe Band at Deer Valley

7/7-7/10 The Park City Food and Wine Classic

7/9 Utah Symphony and the B-52s at Deer Valley

7/14 Big Stars, Bright Nights Presents Lyle Lovett

7/15 Sundance Outdoor Film Series Presents The Way, Way Back

7/21 Big Start, Bright Nights presents Chris Botti

7/23 The Music of David Bowie with Utah Symphony at Deer Valley

7/29 Park City Gallery Stroll

7/29 - 7/30 Wasatch Fair Days and Demolition Derby

The Park Record has every event through the rest of the month in Park City via this link.

Summer Home Selling Tips

By Ramon Gomez, Jr.
Jun 29, 2016

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If you are thinking about selling your home this summer, now is a great time! It’s estimated that 50 percent of homes are sold in the summer, making this a great  time of the year to put your home on the market. We have outlined a few tips that will help you get ready for potential buyers:

 

Make all the needed repairs -If your home needs some obvious repairs, take advantage of the great weather and be sure to tackle them before you list your home. Avoid slowing down the closing process by haggling with potential buyers over the cost of repairs.

Focus on the outside - Everyone tends to spend more time outdoors in the summer, so use this time getting the outside areas of your house ready for showing. By adding cozy seating areas to decks and setting up a grilling station you enhance your outdoor living space. Remember to keep your lawn fertilized, watered and trimmed and add colorful annual blooms to decorative pots and gardening beds. You want your outdoor spaces to look as inviting as possible and serve as extensions of the indoor living space.

Bring the outdoors in - We mentioned expanding your indoor areas outside by adding furniture to your decks and patios, and the same is true for inside your home... bring the outside in with plants and flowers. Add beautiful vases of colorful flowers to the kitchen, dining room and living area to brighten and add a lovely light fragrance to each room.

Cool it off - Have the air conditioning serviced and consider keeping the thermostat a little lower than usual, since potential buyers people will be opening and closing doors and windows when they come to visit.

Get the air moving - In the summer the air inside your home can get a little stagnant when the windows remain closed. Be sure to give ceiling fans a good cleaning and then turn them on to provide some cool circulation.

Keep it light - Remove heavy drapes from windows, tie back lighter curtains and open all the blinds in your home - you want to have as much light inside as possible. Make sure the windows are clean, especially if your home has nice views, and turn on all the inside lights. If your home is being shown in the evening, be sure all the outdoors areas are well lit.

If you are thinking about putting your home on the market, call us today so we may share with you our listing presentation or find you your next home here in the Park City area.  Put our team's 18 years of real estate service to work for you.

What's new in Park City... Shape Magazine posted - 7 Reasons You Should Book a Fit-cation to a Ski Town This Summer - and their recommendation "Go fly fishing near Park City, Utah". Spend a day perfecting your cast while wading into the Weber or Provo River, just 25 minutes from downtown Park City. All Seasons Adventures will hook you up with a fishing license and gear, pick you up at your hotel, and take you out with an experienced guide who will help you make your first catch.

Ski Utah has shared that Deer Valley has become a destination for mountain bikers. Last year, Deer Valley embarked on a massive trail improvement project enlisting the assistance of Gravity Logic, one of the top mountain bike trail designers in the nation. Gravity Logic provided a five-year plan for improvements, which included the construction of the Tidal Wave trail last summer, plus another trail this summer.

The Jordanelle State Park launched the 1st open-water floating park in Utah which opened June 23 and will be open daily for the summer. A session lasts one hour and costs $20 for adults and $15 for kids 6-10 years old. A full day on the floating park costs $50 for adults and $30 for kids 6-10 years old. Tickets can be purchased at the beach house or online. The Aqua x Zone Water Park and Fly Dive activities will be open daily — Monday to Thursday from 11 a.m. to 5 p.m. and Friday to Sunday from 10 a.m. to 6 p.m.

This Week's Events in Park City:

Oakley Rodeo and 4th of July Celebration - 6/30, 7/1, 7/2, 7/4

Farmer's Market - Every Wednesday

Park City Film Series - All month Long

Visit our  Facebook  page or our website at  www.realtorramoninparkcity.com for more information on the Park City area and all things real estate.

Ramon Gomez, Jr. Associate Broker, ABR, RSPS, SFR, PCBR, CIPS        Berkshire Hathaway HomeServices - Luxury Collection Specialist 435-640-0590 If you already have a strong working relationship with a Park City Realtor we are by no means trying to interfere with that relationship.

Philanthropy and Fun in Park City

By Ramon Gomez, Jr.
Jun 21, 2016

ImageSummer is here and Park City has fun and philanthropy for the entire family. The Park Record newspaper shares all the activities going on in and around Park City and the many volunteer opportunities available. The Wife and I love to participate with and donate to many organizations. I have had the privilege for the past 4 years of being a part of the Park City Board of Realtors' Philanthropic Committee. This is very rewarding as we spread the $1,000's and $1,000's of dollars that Realtors in Park City donate. This year we had the privilege to be a part of $20,000 in scholarships awarded to students at Park City High School, South Summit High School, North Summit High School and Wasatch High School. The Park Record shared -  Lea, president of the philanthropic committee, called the scholarships the focal point of the foundation. Gomez, the group's treasurer, said it is "the most rewarding thing we do." To read the article in its entirety - click here.

The Basin Parks-Trails Recreation Fieldhouse is expanding again! Phase III of The Fieldhouse expansion is starting soon and they are adding some incredible features to be completed by March 2017 to include: 15,000 sq. ft. multi-purpose gymnasium for basketball, volleyball, and fitness classes; 2,000 sq. ft. cardio, stretching, and core fitness space; 4-lane outdoor lap pool for masters swimming and open lap swimming; andZumba, and water aerobics and an outdoor hot tub. In the meantime, take advantage of their Summer Pass Sale ending June 30th.

If you are up for a scenic drive the 2016 Sundance Bearclaw Supper Club has some great events coming up. The Chef’s Seated Tasting Menu is a luxurious six-course tasting menu served at communal tables with live entertainment. There are available dates on Saturday, June 25, July 30, and August 27 all at 5:00 pm.  Tickets are $195 per person and this includes tax & gratuity - alcohol may be purchased separately. The Supper Club Soirée is a sparkling reception-style supper club with heavy hors d’oeuvres, live music and special action stations where chefs prepare savory dishes before your eyes.  There are available dates on Saturday, July 16,  and August 13 all at 5:00 pm. Tickets are $115 per person and this includes tax and gratuity - alcohol may be purchased separately.

Here are some of the events coming up the next two weeks in Park City: 6/22 Mountain Town Concert at Deer Valley 6/23-6/25 Asleep at the Wheel at the Egyptian Theatre 6/24 Park City Gallery Stroll 6/25 Discrete Peak Series at Deer Valley Resort 6/25 Historic Home Tour 6/30 Oakley Rodeo and 4th of July Celebration

Exciting news - Berkshire Hathaway HomeServices is expanding globally! I am proud to be part of the global expansion and a Certified International Property Specialist. I will share more in next week's blog, call me today with any questions.

Beautiful Homes in Park City

By Ramon Gomez, Jr.
Jun 08, 2016

This week we would like to share a sampling with you of some of the beautiful homes and land we have listed for sale in the Park City area.

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7097 Glenwild Drive is a truly special single floor living home. The wide open floor plan has spectacular views of both ski resorts and the Olympic Park. This home is finished in the most elegant and extraordinary ways - Luna Bronze stone fixtures are inside and outside the home; with three water features - one at the front entrance, one inside the home that is part of a 11,500 lb. rock feature, and one on the back porch. The four car garage has built-ins and the master bedroom has his and her bathrooms with one featuring a heated stone tub.

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12928 S Hickory Knolls Ct is in Draper with contemporary elegance and special attention to craftsmanship, such as wood carved doors, beautiful light fixtures, all within a floor plan that will fit you like a glove. The kitchen and great room offer the perfect setting for entertaining your friends and family inside and outside with views to savor from every room. Located on a quiet cul-de-sac, this home offers privacy and a secluded fully landscaped backyard. An extremely large Master Suite on the main floor offers a see-thru fireplace, private sitting area and your own private deck.  The main floor garage has room for four cars while on the lower level this is a large 10+ car garage with 14 foot doors, storage and it's own bathroom.

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3284 Big Spruce Way came on the market and immediately went under contract. This beautiful home is in the Pinebrook community of Park City.

 

 

7418 Glenwild night sky

7418 Glenwild Drive is a palatial home accessed via a custom designed heated driveway lined with immaculate landscaping highlighting the local flora. Located in the prestigious, secluded and gated Glenwild Golf Community with over 11,000 square feet this home will capture you with its superior design, elegant lines and striking details. This immaculate home offers spectacular views of Park City, America’s largest ski resort, and sits on the Tom Fazio designed 14th hole at Glenwild, Golf Digest rated #1 Utah golf course since 2001.

9601 Eagle Crest-12

9601 Eagle Crest Lane is a stunning 17 acre lot that is perched high in The Preserve, offering you spectacular views of the Park city valley below and America's largest ski resort. Being at the end of this short street provides the new owner with privacy and views galore. This property also backs up to 408 acres of Open Space. Come and see why this could be the very best lot for the price.

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1333 Snowberry Street in Glenwild is a must see. This exquisitely finished home has unobstructed views....Sit out at the fire pit as you enjoy the mountain views and sunsets.. or slide over to the hot tub located on the precipice of this lot. The dueling staircases are just one of the several highlights of the expansive great room/kitchen/dining area... all with views worth savoring. Radiant flooring heat will keep you toasty warm in the winter while sitting in front of the massive stone fireplace in the great room. The master bedroom is on the main floor with its own sitting area, steam shower and views from your bed of the mountains.

MooseHollow.jpeg4047 Moose Hollow Road is that "Special Home" in Park City that is not the run of the mill mountain home, you need to come and see this very elegant, finely appointed quality constructed home in the gated community of Moose Hollow. The main floor of this home has Australian Jarrah wood floors, a Cherry Paneled Library, formal dining room, Crystal chandeliers, crown moldings, miles of uninterrupted views and privacy. This home has a kitchen that chefs love with a butcher block island, Subzero, Bosch, and Dacor Appliances. The guest bedrooms are large and have on-suite baths. The spacious master boasts floor to ceiling windows, large walk-in closets, and a marble master bath. Other features include: an outdoor swim spa with electric cover,  4 car garage, large mud room, exercise room, family room, game room, lower level walk-out and a craft/office room. This location provides you with extremely easy access to both Salt Lake City and to Old Town Park City.

Exterior_1800x1200_2276465Looking for a home to rent in the prestigious Glenwild community... 7710 Purple Sage is calling. Give me a call to find out more information about this stunning home or any other homes in this blog

 
 
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