Blog

Local Listings

By Ramon Gomez, Jr.
Jun 06, 2018

We enjoy what we do and helping clients/friends buy and sell their homes is what we do best. This week we wanted to share some listings we currently have on the market.

 

 

 

2351 W RED PINE COURT

$4,450,000 - Single Family Home with 5 beds, 7 baths and approximately 7500 square fee.

 

 

 

1031 NORFOLK AVENUE

$2,075,000 SALE PENDING - Single Family Home with 4 beds, 5 baths and approximately 2232 square feet.

 

 

2589 DAYBREAKER

$1,299,000 - Single Family Home with 6 beds, 4 baths and approximately 5094 square feet.

 

 

 

2818 SACKETT DRIVE

$920,000 SALE PENDING - Single Family Home with 5 beds, 5 baths and approximately 7610 square feet.

 

 

148 SKY LANE

$895,000 - Single Family Home with 6 beds, 6 baths and approximately 4852 square feet.

 

 

 

 

1306 PRESERVE DRIVE

$785,000 - Vacant Land and 10.04 acres.

 

 

1586 PRESERVE DRIVE

$699,000 - Vacant Land and 16.77 acres.

 

 

 

8065 GLENWILD DRIVE

$599,000 - Vacant Land and 0.89 acres.

 

 

 

6749 N 2200 WEST 202

$349,000 - Condominium with 2 beds, 2 baths and approximately 975 square feet.

Let us know if we can be of help in your search to buy in Park City and the surrounding area or if are interested in selling your home.

National Moving Month

By Ramon Gomez, Jr.
May 30, 2018

This is National Moving Month: 7 Tips for a Stress-Free Move - According to the U.S. Census Bureau, about 40 million Americans—one in nine people—move each year. While the majority of these movers are in their 20s, people of all ages can be found relocating around this time of year.

Moving is such a prevalent activity for Americans during spring that the entirety of May is dedicated to this trend. This is when the nation starts to see a major uptick in relocations; however, if the thought of moving homes makes you start to sweat, you're not alone. In fact, some studies have shown that moving is more stressful than wedding planning.

Don't despair! There are ways to keep moving day tolerable and prevent raising your blood pressure. Planning ahead and organizing can go a long way to keeping things under control.

To acknowledge National Moving Month, and the related stress of this major undertaking, check out this handy infographic to keep the teeth-grinding to a minimum:

Not Moving, well here are some Ways to Make Your Backyard a Summer Paradise - Summer is the season to be outdoors. It’s the perfect time for backyard barbecues, neighborhood socials, and late-night evenings on the patio. You don’t need to travel to a luxurious and exotic location to enjoy spending time outdoors. Make your own backyard a summer paradise with these eight simple suggestions.

Inspect and update wooden decks - To make your backyard a summer haven, take some time to inspect and updateyour deck. Wooden patios and decks can be warped by cold weather, so you’ll want to replace loose or missing slats as needed. Sand, stain, and seal your deck once you’ve made sure it’s structurally sound. If you have a stone patio, check for missing pieces and update as needed. Once this is complete, you’ll have a shiny and appealing deck you can decorate with patio furniture—creating a relaxing sitting area for summertime.

Purchase patio furniture and essentials - Once you have a designated patio or deck space, you’ll want to add some patio furniture so you can sit down, mingle with friends and family, and relax. Consider purchasing weatherproof patio furniture that is both comfortable and durable. Patio furniture can be exposed to harsh, seasonal weather, so you’ll want to make sure it lasts for years.

Get the basics including some lounge chairs, an umbrella, a hammock, and an outdoor table so you can enjoy meals or games outside. In addition to patio furniture, you may want to buy or build an outdoor fire pit. It’s a simple feature that adds so much to your backyard. Sit around the fire and socialize, roast marshmallows or even cook dinner on your own backyard fire place.

Add colorful cushions and pillows - You’ll want to add a splash of color to your patio so it’s eye-catching and sings of summertime. Buy some bright-colored, and comfortable throw pillows and cushions to spice up the furniture. The bright colors and fun patterns will entice people to sit down, relax, and enjoy your backyard paradise.

Get a rug for the patio - Consider adding a rugto the patio or deck area to make the space feel cozier. Outdoor rugs vary in material, size, and shape and are generally made to last in all types of weather. They make a great addition to your space, and can also protect your deck.

Install outdoor lighting - Nothing is more magical than twinkling lights against a royal-blue evening sky. Add strands of tea lights or other innovative lightsto create a fairy-tale effect in your backyard. In addition to the decorative lighting, you’ll want to consider adding sensor or smart lights to your backyard for added security. Smart lights are a great way to ensure the backyard is lit—you can even control smart lights with your smart phone.

Make the backyard private - You may love your neighbors, but that doesn’t mean you want them always peeking into your backyard. Be creative when thinking of ways to ensure better backyard privacy. One easy way to create a private, secluded backyard paradise is to install a fence. Not only does it ensure privacy, but it is an essential safety measure. Install a strong, secure fence to create a private and safe backyard.

Update your landscaping - Landscaping can make or break your backyard. It’s essential to take time to update your landscapingto create an outdoor paradise. You don’t need extravagant plants or trees to make your backyard grand. Take some time to cut back unruly trees and bushes, pull the weeds, water and trim the lawn, and plant flowers around the yard. These simple updates will make a world of difference. You’ll have your own secret garden in no time! 

Secure outdoor belongings - Once you’ve created a magical backyard space, you’ll want to take the necessary precautions to safeguard your belongings. Make sure your garden tools and supplies are in a locked shed—away from kids, pets, and burglars. Take time to assess the backyard for any security breaches. This will keep your family safe and protect your backyard, patio, and deck from major damages.

Summer is a wonderful time to relax and enjoy being outdoors. Update your own backyard and you’ll have access to a private paradise any time you want.

Entrepreneurial Spirit

By Ramon Gomez, Jr.
May 23, 2018

Park City is filled with entrepreneurs and companies that have made a positive impact in Utah and around the world. Business Chief recently shared that Amazon has named Utah as the most entrepreneurial US state - A new study from leading US ecommerce firm Amazon has revealed the top 10 most entrepreneurial US states, with Utah topping the list.

The study looks at the US states with the most SMEs per capita selling on Amazon – a platform that see’s millions of enterprises selling goods across the world. “More than 300,000 small and medium-sized businesses from across the U.S. that started selling on Amazon in 2017, and we’re working hard to help them all keep growing,” said Nicholas Denissen, Vice President of Amazon. Utah is followed by California and New York, with Colorado, New Jersey, Washington, Florida, Delware, Massachusetts and Oregon rounding out the top 10 respectively.

“It is exciting to see Utah at the top of our list ahead other great entrepreneurial states like California and New York,” said Denissen.

“From incredible handmade artisans to small businesses inventing sustainable and eco-friendly products, there are thousands of Utah-based businesses demonstrating a tremendous entrepreneurial spirit — more per capita than in any other state.”

More than half of the items sold across Amazon come from SMEs, accounting for a significant proportion of the business done on the world’s largest ecommerce platform.

CNBC MAKE IT recently shared  The Most Hipster Cities In The World and Salt Lake City is on the list. To determine its new International Hipster Index, Movehub, an international relocation company, combed through data for 446 cities across 20 countries, excluding cities with populations below 150,000. They looked at five data points, including the number of vegan eateries, coffee shops, tattoo studios, vintage boutiques and record stores per 100,000 city residents.

While the United States might have dominated the list — with seven U.S. cities cracking the top 10 — the most hipster city in the world goes to Brighton and Hove in the United Kingdom. Located in the country's southeast region, this coastal city is described by Lonely Planet as "without doubt Britain's most colorful and outrageous city." It ranked in the top four for three out of the five data points: Vegan eateries, coffee shops and record stores.However, the U.S. still dominated the top 10 with seven hipster hubs, with many of them located in the Pacific Northwest region, as well as Florida.

The top 10 most hipster cities in the worldaccording to Movehub, are:

1. Brighton and Hove, United Kingdom

2. Portland, Oregon,United States

3. Salt Lake City, Utah,United States

4. Seattle, Washington,United States

5. Lisbon,Portugal

6. Fort Lauderdale, Florida,United States

7. Miami, Florida,United States

8. Orlando, Florida,United States

9. Helsinki,Finland

10. Spokane, Washington,United States

The millennials list makes sense as LADDERS listed Utah as one of the states where you’ll find the highest-earning millennials. Personal finance site WalletHubput together an analysis of the top cities for millennials (Pew Research Center defines millennials as being born from 1981 to 1996) based on rankings that didn’t include which cities have the best avocado toast or the most Instagrammable neon signs.

The study looked at job earnings, unemployment rates, voter-turnout rate and affordability (the cost of a Starbucks latte was factored in) as well as education and health. So which states got the best ratings? Well Utah is on it.

D.C. comes out on top - Our nation’s capital not only has the highest percentage of millennials living there, but they are also earning the most. Other cities that saw high millennial earning averages included New York, Massachusetts, Washington, and California. North Dakota managed to snag that No. 2 spot thanks to its affordability and percentage of millennials living in the state (second only to Washington D.C.).

  1. Washington D.C.
  2. North Dakota
  3. Minnesota
  4. Massachusettes
  5. Iowa
  6. Wisconsin
  7. Utah
  8. Nebraska
  9. Colorado
  10. South Dakota

Park City Real Estate

By Ramon Gomez, Jr.
May 16, 2018

The housing market Gets Hotter in the West according the MReport. A study of 16,000 U.S. zip codes by Realtor.com found that, overwhelmingly, the ZIP codes seeing the fastest movement of homes are in the West. Nationally, the report stated, houses are generally on the market for an average of 78 days. But in the 20 markets where homes sold fastest in Q1, they sold after an average 21 days on the market; in the top three ZIP codes, in fact, barely past three weeks. That reflects “a pattern that other markets hope to replicate. In fact, we speculated as to whether Salt Lake City, Utah is the ‘New Denver’ earlier this year and now we see Salt Lake City breaking into the top 20 ZIPs.” Salt Lake, in fact, finished 20th on the list. Homes there moved in an average 21 days during the quarter.

Looking to rent a bike this weekend, Summit County has implemented new features for the electric bike share program. Summit County is hoping to add more station kiosks later this summer. The stations will likely be located at the Snyderville Basin Recreation Fieldhouse, in the Silver Springs and Trailside neighborhoods, City Park in Park City, and, eventually, at the Jeremy Ranch park-and-ride lot and another park-and-ride lot expected to be built at Ecker Hill. An additional 42 bikes were added to the fleet this season to help handle demand, according to Caroline Rodriguez, Summit County's regional transportation director. Also, a stricter system will also be in place to reduce users from riding the bikes outside of the authorized zones.

Triathlete posted a great article that we wanted to share - Head to Utah and follow our advice on where to swim, bike, run and more in this active mountain town. This friendly mountain town sits just under 7,000 feet—that’s 1,500 feet higher than Boulder for those counting—and boasts 400 miles of trails, sunny days with low humidity, and a welcoming, athletic culture. Visit in summer or early fall to experience the best of this under-the-radar training hub.

Stay Here - Local lodging experts Stay Park City make it easy to find accommodations, whether you’re looking for a lux hotel or comfy vacation condo. Plus, the company sponsors a local cycling group—so clearly they have good taste.

Swim Here - You can find lap swim and masters groups in Park City year round, but summertime means all the outdoor pools are open for workouts. Check out the offerings at Park City MARC, Silver Mountain, Basin Recreation, and Ecker Hills Aquatics Center.

Bike Here - Sync up with the aforementioned Stay Park City Cycling Club for one of their weekly group road or mountain bike rides. Head to Ritual Chocolate on Sunday at 10 a.m. for a 40–45 mile group ride open to both locals and visitors, divided into three groups by ability level. “A core principle of our club is ‘all-inclusive,’ from weekend warriors to CAT 1 racers and folks just passing through town,” says club president Jason Linder. One of his consistent favorites is this 28-mile loop to Kamas from Park City. “It takes you out of town on wide roads, with no stops, some good climbs, and beautiful views,” he says. If you’re looking to climb your heart out, copy the challenging Suffertational route to ascend some of Park City’s toughest hills.

Run Here - With 400 miles of continuous trails throughout Park City, you won’t run out of options for run training. “The Mid Mountain Trail is a classic trail run [or mountain bike ride], consisting of 20-plus miles of single track hovering around 8,000 feet,” Linder says. For a flat, mostly paved route, the Rail Trail extends for nearly 30 miles from the center of town.

Eat Here - If your ideal recovery snack is avocado toast, you must try Harvest or Five5eeds, two Australian-influenced cafés with colorful breakfast dishes and solid coffee. Get your second caffeine hit of the day of the day at STOKED Roasters at the top of Main Street, owned by accomplished ultra-runner Jax Mariash. After a long training day, treat yourself to burgers and a milkshake at the Montage Deer Valley’s Burgers & Bourbon. (Insider tip: Head to the Montage fire pits around 8 p.m. in the summer months for gourmet s’mores.)

Test Here - Park City has a strong Olympic heritage, as evidenced by the caliber of local athletes and sports facilities in town. The Intermountain Healthcare LiVe Well Center features a state-of-the-art sports performance arm overseen by Dr. Max Testa—a 30-year Tour de France doctor—and offers a slew of testing from Vo2 Max, lactate threshold, gait analysis and much more.

Race Here - Tackle the sprint or Olympic-distance of the Jordanelle Triathlon in August, featuring a clear reservoir swim, mountain-backdrop bike and a run along partial single track through a nature preserve. Test your uphill running prowess at one of the Triple Trail Challenge events—the 16-mile June routes races up to the 10,000-foot Jupiter Peak.

Staging Your Home

By Ramon Gomez, Jr.
May 02, 2018

Judy and I have worked with our clients in assisting in the staging of their homes for years. Before your first open house and listing on the MLS let us see how we can help. This week we would like to share eight tips for staging your home.

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.

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.

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.

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.

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.

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.

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

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.

MAY EVENTS

Now - 10/21: Real Salt Lake, Sandy

Now - 9/3: Salt Lake Bees, Salt Lake City

Now - 5/5: 2018 Tulip Festival , Thanksgiving Point

5/3: The Eagles, Salt Lake City

5/5: Salt Lake City Open Streets 2018, Salt Lake City

5/9: P!NK Beautiful Trauma World Tour, Salt Lake City

5/16: Stars on Ice, Salt Lake City

5/19: Lantern Fest 2018, Tooele

6/1: Historic 25th Street Car Show, Ogden

6/2 - 6/3: 2018 Utah Pride Festival, Salt Lake City

6/1 - 6/3: Ogden Music Festival, Ogden

6/1 - 6/11: 2018 Uintah County Fair, Vernal

DEVELOPMENT SPOTLIGHT

FAIRWAY SPRINGS GOLF AND SKI VILLAS - Tucked just off the main Canyons corridor, you’ll find the ski and golf oasis of Fairway Springs. Although just steps from the Frostwood Gondola, Canyons golf course, dining options, and award-winning spa services, Fairway Springs feels like its miles away from the resort hustle. Quiet and serene, these three bedroom townhomes embody the sense of a true home with a private garage, spacious gathering room, and gourmet kitchen well suited for entertaining. Hiking and biking trails abound just outside your own front door. Inside, fresh design concepts blend clean lines, rich textures, and refined finishes to create true mountain luxury. High integrity construction such as a heated driveway, top-of-the-line appliances, vaulted ceilings, and soaring windows make these properties an exceptional value. There’s room here at Fairway Springs! Room to see the sky and wide-open spaces, and room for you and all those that make up the center of your world. *Clients who close before June 30th 2018 will receive a $75k furniture credit and a year of HOA dues.
SOARING HAWK - Soaring Hawk is a new & spectacular lifestyle community that offers both custom homesites and single-family residences overlooking the Jordanelle Reservoir and Deer Valley® Resort. This community features a private entrance, a year-round and multi-use trail system, and is ideally located minutes from downtown Park City, award winning ski resorts, and is only 40 minutes to Salt Lake International Airport.  *Currently under construction.

2018 First Quarter Market Overview

By Ramon Gomez, Jr.
Apr 18, 2018

The 2018 first quarter market overview is a comprehensive 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 diëer 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. Vail Resorts® continued their commitment to Park City Mountain, focusing on upgrades throughout Canyons Village, and Deer Valley® Resort obtained the #1 Ski Resort ranking from Ski Magazine. We believe these factors and others will continue to drive our market. Throughout the Wasatch Back the market remains stable in number of properties sold with an approximate 9% increase in median price across all property types. Summit and Wasatch counties and the surrounding areas provide numerous buying opportunities especially in the Heber Valley, Jordanelle, and East Summit County neighborhoods. Data interpretation, judgment, and historical context are key elements to making informed decisions.

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, oë 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.

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 our quarterly review please reach out as Judy and I are always available to help.

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Mud Season

By Ramon Gomez, Jr.
Apr 11, 2018

The flowers are beginning to bloom and the days are getting warmer. The Park City mud season is upon us as the ski resorts have closed for ski season, restaurants and local businesses are taking a break and the trails are a little too muddy for hiking just yet. Did you miss the 22nd Annual Spring Grüv this year? Here is a quick recap of the epic jumps from that day. Perhaps the continuous rain and cool temperatures last Saturday kept you indoors, but it only seemed to spur on the 100 or so competitors at Park City Mountain Resort’s 22nd annual Pond Skimming Competition, part of the Park City Mountain resort's Spring Grüvcelebration.

While the 2018 version may not have had as many spectators as past years, it wasn’t short on action. Scores were given based off things like crowd reaction, air and style. Some of the best costumes included a dragon, a waiter, a wizard and a giant piece of pizza. It was a great day.

Back in real estate news - Business Insider recently published that the San Francisco housing market is so dire that people are leaving in droves. The San Francisco Bay Area is on the brink of an exodus as a low supply of homes and high demand drive housing prices— and the cost of living — to new heights. A recent report from the real-estate site Redfin found that San Francisco lost more residents than any other US city in the last quarter of 2017.

LinkedIn crunched its data of over 146 million American workers in their system to identify the US cities where the most LinkedIn members moved to from the San Francisco Bay Area in the past year and found that Salt Lake City is one of the top 10 cities for their relocation. Dubbed the Silicon Slopes, the area from Salt Lake City to Provo is filled with top tech companies, including Adobe, EA, Overstock.comand the cloud software startup Domo.

Tech workers who flock to Salt Lake City for its lower taxes, flexible regulatory environment, and natural amenities may find they can actually afford a home near the office. The National Association of Realtors reported that the salary needed to buy a home in Salt Lake City was $59,521 in the last quarter of 2017. In San Francisco, it's at least $173,783.

UPCOMING APRIL EVENTS

4/11 - 4/27: Hamilton - An American Musical, Salt Lake City

4/12: Justin Timberlake The Man of the Woods Tour, Salt Lake City

4/12 - 4/21: 2018 Ogden Restaurant Week, Ogden

4/20: Sips Under the Sea: Bacon, Draper

4/20 - 4/29: Park City Follies, Park City

4/27 - 4/28: Salt Lake Off Road Expo, Sandy

The Park City School District

By Ramon Gomez, Jr.
Apr 04, 2018

The Park City School district is back in the news with MSN Money as the Best School District in the state of Utah. Few public services in the United States contain such stark differences in quality as the public education system. While there are several school districts that spend more than $50,000 per student on education each year, in other districts education expenditures amount to less than $2,000 per student.

That difference in spending contributes to major disparities in student outcomes throughout the country. The majority of a school’s budget is spent on staff and teacher salaries. A school that is able to attract the best teachers can give their students a major advantage. Those advantages are often the greatest in the most affluent parts of the country. Approximately 44% of all school funding in the United States comes from local sources such as property tax. As a result, most of the highest quality school districts are in wealthy counties where a majority of households make more than double that of the typical American household.

To determine the best school district in every state, 24/7 Wall St. developed an index based on various measures of child poverty, per-pupil expenditure, graduation rate, teachers per student, the percentage of adults with a bachelor’s degree, preschool enrollment, and AP enrollment.

Best school district: Park City School District - Location: Summit County

Per student spending: $11,238 (total enrollment: 4,872) with a High school graduation rate: 89.1%

Adults with a bachelor's degree: 63.0%

Looking for something fun to do - here are some upcoming events.

4/5 - 4/7: Thin Air Innovation Festival, Park City

4/6 - 6/23: Utah Warrior Rugby, Sandy

4/6: Toby Keith with Ned LeDoux, Salt Lake City

4/7: OK GO, Park City

4/7: 22nd Annual Pond Skimming Competition, Park City Mountain

4/11 - 4/27: Hamilton - An American Musical, Salt Lake City

4/12: Justin Timberlake, Salt Lake

BACK IN THE NEWS - Berkshire Hathaway HomeServices Utah Properties Ranks as One of Nation’s Top-Producing Brokerage Firms in RISMedia’s 2018 Power Broker Report. Berkshire Hathaway HomeServices Utah Properties, headquartered in Park City, Utah recently announced its ranking as the No. 89 real estate firm in the U.S. in sales volume, according to RISMedia’s 30th Annual Power Broker Report. Berkshire Hathaway HomeServices Utah Properties is the #1 independently-owned brokerage in Utah by dollar volume for 2016 and 2017. In 2017 Utah Properties reported a total sales volume of over $2 billion, representing over 3,800 closed residential transactions.

RISMedia President and CEO John Featherston congratulated Berkshire Hathaway HomeServices Utah Properties for their prestigious ranking in this year's Power Broker Report. "The firms represented are the nation's most elite brokerage firms serving literally millions of consumers with their real estate needs," Featherston said. "Even up against extremely scarce supply, Power Brokers posted remarkable sales. With the economy expanding and home prices on a tear, they're charging forward and leveraging the opportunities. We applaud their commitment to homeownership and congratulate them on their Power Broker standing."

Highlights from the 2018 Power Broker Report & Survey include:

  • Seventy-one percent of Power Brokers are challenged most by the lack of housing supply.
  • The majority of Power Brokers (38 percent) believe first-time homebuyers and millennials are their greatest opportunity.
  • The majority of Power Brokers (38 percent) believe the housing market is "growing;" 30 percent believe it is stable.
Berkshire Hathaway HomeServices Utah Properties is an independently owned real estate brokerage dating back to 1976. With offices throughout northern Utah, the company has a long-standing track record of market dominance and dependability. Under the Berkshire Hathaway name, our agency holds the #1 position in Utah’s real estate marketplace and maintains an historic commitment to community-driven service.

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Spring In Park City

By Ramon Gomez, Jr.
Mar 21, 2018

Spring is here and as the snow comes and goes the flowers are beginning to bloom in our town. Our flower today comes atop a lovely muffin from Five 5eeds in Park City on Snow Creek Drive.

There are a number of fun activities happening the remainder of this month and we have listed out a few for you and your families as wells as the links to more information on each event.

 

3/22 - 3/31: Easter Bunny Train, Heber City

3/24: Pink Park City, Park City Mountain

3/24 - 3/25: Holi Festival of Colors, Spanish Fork

3/24 - 4/2: Spring Gruv, Park City Mountain

3/30: The Comedy Get Down Tour, West Valley City

3/31: Easter Egg Hunt!, Salt Lake City

4/1: Easter at Snowbird, Snowbird

4/1: Annual Easter Celebration, Park City Mountain

4/1: Easter Bunny visits Deer Valley, Deer Valley Resort

We are proud to be a part of the Berkshire Hathaway HomeServices Utah Property team for many years now. This year the Berkshire Hathaway HomeServices Utah Properties received numerous brokerage, office, team, and individual awards at the annual network Sales Convention in San Antonio, Texas on March 5th and 6th 2018. The Utah Properties brokerage was celebrated as the 14th highest performing brokerage while Park City’s Saddleview Office the 3rd highest dollar volume office in the network and Salt Lake City’s Old Mill Office the 7th highest transaction volume for an office in the network.

“Our Berkshire Hathaway professionals are true industry leaders.” said Owner and CEO, Steve Roney. “This year’s convention and honors confirm the caliber and accomplishment of Utah Properties. I look forward to continuing to excel as a brokerage and team.”

Berkshire Hathaway HomeServices Utah Properties is an independently owned real estate brokerage dating back to 1976. With offices throughout northern Utah, the company has a long-standing track record of market dominance and dependability. Under the Berkshire Hathaway name, our agency holds the #1 position in Utah’s real estate marketplace and maintains an historic commitment to community-driven service.

Berkshire Hathaway HomeServices, based in Irvine, CA, is a real estate brokerage network built for a new era in residential real estate. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity. The brand was just recognized for “Highest Overall Satisfaction for Repeat Home Sellers Among National Full Service Real Estate Firms” in J.D. Power’s 2017 Home Buyer/Seller Satisfaction Study. Visit www.berkshirehathawayhs.com.

 

Power Markets

By Ramon Gomez, Jr.
Mar 14, 2018

We are pleased to share that in celebration of the 10th anniversary of the Epic Pass, Vail Resorts and Vail's founders from the 10th Mountain Division, the company is honoring epic service of the and men and women of the U.S. Armed Forces (as well as Canadian and Australian military service members) with the introduction of a special new $99 Military Epic Pass, available beginning Tuesday, March 6. It is for both active and retried military, and it is a deal that is simply unbeatable in skiing and ski travel. Additionally, for every pass sold, a $1 donation will be made to Wounded Warrior Project® (WWP), a nonprofit organization that offers a variety of programs, services and events for wounded veterans of the military. Click here to read the entire article from Forbes.

Business Insider recently published America's richest people buy homes in 'power markets' — listed in the article are the 17 most expensive and exclusive places and Park City proper comes in at #6. The report defines power markets in the US as places where the top 5% of single-family home sales by price is highest. In the top 17 markets, the median list price for the top 5% of sales is at least $3.5 million. For each city, the median list price for the top 5% of homes currently on the market, the highest sold price from 2017, and the median price per square foot for that market compile the numbers. Park City has a Median list price: $6.97 million, Highest sold price (2017): $11.4 million and the Median price per square foot: $780. But, don't be let theses numbers sway you if you are looking to buy here as the greater Park City area has a variety of condos, homes and land available at a wide range of prices.

Ladders recently shared the states where the economy is strong and opportunities are growing - Looking for a new job? You may want to consider moving to a different state. The U.S. News & World Report’s Best States just released their annual rankings that measures how well states’ economies are performing. They looked at 77 metrics across eight categories, provided by McKinsey & Company’s Leading States Index, including economic status. Data points that fell under the economy growth umbrella include: Job growth, Growth of each state’s GDP between 2013 and 2016, Business environment (monthly birth rate for new businesses), Unemployment rate, Participation in labor force for everyone 16 and older, Number of people moving in and out of a state was taken into account, Tax burden, The number of top company headquarters per capita, Venture capital disbursed, Entrepreneurship (“business birth rate”) and Patent creation. If you are currently on either coast, consider heading towards the middle of the country as Colorado and Utah took the top spots, while Idaho and Texas made it into the Top 10 too.

Home Value in Park City

By Ramon Gomez, Jr.
Mar 07, 2018

Last week we shared that Utah has been ranked the #3 Best State by US News. With that on our minds we wanted to focus this week's blog on Homeownership and increasing the value of your home. Let's start with 12 things you can do now to prep for spring. This leads us to a great article published in Park City Home Magazine.

FIVE WAYS HOMEOWNERS CAN BOOST THE VALUE OF THEIR HOME IN PARK CITY When contemplating home upgrades or preparing your home for sale, it helps to identify the renovation projects that not only look good but will boost the value of your home at the same time. Overall, potential buyers are drawn to newer, cleaner, refreshed properties. Here are the five tried and true ways homeowners can boost the value of their home in Park City.

Freshen Up the Paint This may seem like a no-brainer, but a fresh coat of paint will always make a home feel updated and renewed. Modern, current paint colors can have a vast effect on a home’s appeal. Whites, greys, light blues, and sage-greens are in-style for 2018 and can give your home an updated feel. Contemporary, neutral paint can also give potential buyers the ability to see themselves living in the home.

Update the Windows Natural light enhances ambiance and updating windows can boost a home’s value. Homes that feature 70’s style round, half-moon, or hexagon shaped windows may cause buyers to contemplate pricey renovations or will turn them off from the home completely. Additionally, if your windows are old, drafty, or fog up due to failing seals, fixing these problems will increase the value. Updating window coverings from heavy drapery to hidden or electronic shades can go a long way in adding value and a contemporary feel to the home. Lastly, adding windows to increase natural light can improve a home’s value.

Renew Kitchens and Bathrooms When it comes to home renovation and updates the two most important spaces in a home are the kitchen and the master bedroom/bathroom. In the master bedroom, focus on brightening the room and creating a fresh, inviting feel. Clean, modern paint colors and neutral fresh carpet or renewed hardwood floors can make a huge difference. In the master bathroom, potential buyers are trending toward light and bright features such as subway tile, marble, and clean lines over dark woods and granites. In the kitchen, making minor changes such as painting the cabinets in a modern color, updating the tile, or replacing old-fashioned, brass light fixtures and hardware with more current styles and contemporary pieces can increase the value of a home.

Add Smart Technology Features As we move farther into the age of technology, home trends are following suit. Many potential buyers see a lot of value in smart technology features such as electronic window shades, smart thermostats, slim TVs, and more. That being said, one electronic feature that used be popular but has been falling out of trend is pre-wired sound systems. With wireless speaker systems on the rise, buyers are bringing their systems into their new homes or upgrading as needed.

Revive Curb Appeal -First impressions can make a big impression. Enhance landscaping, clean up the walkway to the front door, and repair or seal driveway cracks. A fresh coat of paint including window frames and the front door can make an older home feel new again. If paint is not in the budget, power washing the outside of the house, so long as it doesn’t strip the paint, and the front walkway or driveway can also refresh the appearance. Lastly, updating the porch sconces and lighting can make a home look more current and inviting.

Whether you are looking to spend a little or a lot, there are many ways to add value to your home in Park City. However, for any major physical changes to the home, its best to hire a designer to help make sure the improvements are truly up-to-date and generic enough to appeal to a wide audience. For recommendations on designers or for more advice on ways to boost the value of your home reach out we are here to assist.

This week's Development Spotlights are Hyatt Centric and Juniper landing.

Hyatt Centric Park City is located at the vibrant base of Canyons Village at Park City Mountain, Hyatt Centric Park City Residences offer whole-ownership residences in one of Park City’s famed slope side resort hotels. These luxury residences function as second homes with all the amenities of a hotel suite. As a AAA Four Diamond ski-in/ski-out mountain resort, Hyatt Centric offers owners on-mountain access to the largest ski resort in the United States. Floor plans feature large family gathering spaces, an abundance of bedrooms, and functional designs. The full-time, caring and attentive Hyatt Centric staff meet all the needs of owners and ensure that your visit feels like a true vacation.
Juniper Landing is ideally located just steps from the Frostwood Gondola and nestled between the 9th and 10th fairways of the Canyons Golf Course. These new contemporary residences present quality interiors and superb craftsmanship with panoramic views of the surrounding mountains and ski runs. No matter the season, you can bask in alpine beauty, explore miles of pristine trails, indulge in local dining, shopping and entertainment, or simply rejuvenate in your treasured mountain retreat. Features and amenities include Thermador™ appliance packages, and a brand-new courtyard with heated Jr. Olympic size salt water pool, fire pit and hot tub, and a fitness center with sauna and steam room.

MARCH EVENTS

Now - 4/11: Utah Jazz Basketball, Salt Lake City

Now - 4/7: Utah Grizzlies Hockey, West Valley City

3/9: The Cowboy Train, Heber City

3/8 - 3/9: Rob Schneider, West Jordan

3/9 - 3/10: Get Lucky, Salt Lake City

3/15 - 3/18: 2018 International Sportsmen's Expo, Sandy

3/16: Bon Jovi: This House Is Not For Sale Tour, Salt Lake City

3/16: St. Paddy's Train, Heber City

3/16 - 3/17: Wanda Sykes, Salt Lake City

3/17: 2018 Salt Lake City St. Patrick’s Day Parade, Salt Lake City

3/22 - 3/31: Easter Bunny Train, Heber City

3/24: Pink Park City, Park City Mountain

3/24 - 3/25: Holi Festival of Colors, Spanish Fork

3/24 - 4/2: Spring Gruv, Park City Mountain

3/30: The Comedy Get Down Tour, West Valley City

3/31: Easter Egg Hunt!, Salt Lake City

4/1: Easter at Snowbird, Snowbird

4/1: Annual Easter Celebration, Park City Mountain

4/1: Easter Bunny visits Deer Valley, Deer Valley Resort

3RD Home By Berkshire Hathaway

By Ramon Gomez, Jr.
Feb 27, 2018

Before we kick off our 3RD Home review we wanted to share Explore The 10 Best States in America by US News as Utah makes the list at Number 3. Many Americans take pride in their state, often claiming their home state to be better than the rest.Now, the 2018 U.S. News Best States rankings can help settle the debate. In an assessment of how states are serving their residents – from health care to education – these 10 state performed the best overall in the 2018 Best States rankings. The rankings, formed in partnership with McKinsey & Company, analyze thousands of data points to measure how states best serve their citizens and UTAH comes in at #3.

PRIVATE VACATION CLUB FOR SECOND HOMEOWNERS - 3RD HOME is a private club for the owners of luxury second homes. With an average property value over $2.4 million USD, over 5,300 properties and growing, and endorsements from the top luxury residential and resort brands, 3RD HOME enables vacation home owners to travel the world staying in premier places without paying rental rates ever again.

It was created to fill a need expressed by second home owners to find a safe and trustworthy way to “expand” the use of their second homes without the hassle or expense of renting them out. 3RD HOME enables you to exchange time in your home for stays at other premier luxury destinations worldwide. By depositing weeks at your vacation home into the club, you can reserve another great home any time in advance or at the last minute.

There are hundreds of desirable destinations to choose from. The scale and quality are unprecedented. Many homes even come from the top branded destination clubs and real estate developments that endorse 3RD HOME for their owners.

WHAT MAKES 3RD HOME UNIQUE?

• There are over 5,300 luxury properties in 74 countries to choose from with an average value of $2.4 Million USD.

• Access to homes in over 1,000 different cities.

• We are affiliated with many of the world’s leading luxury residential developments in addition to private homes valued at up to $30 million USD.

• You’ll be a lifetime member with NO annual dues!

• No direct or simultaneous exchanges with other members are required as with traditional home exchanges.

• The proprietary Keys system gives our members immediate access to every available property.

• Our secure web platform allows 24/7 booking of reservations and notifications on properties you are watching.

• The ‘Request a Week’ function expands availability beyond what is listed on the site.

• Pre-screening of member homes, plus host and guest feedback on every trip, ensures a premium experience.

EARNING KEY CREDITS - Keys are the currency of 3RD HOME. When you list your residence on our site, we take into account your homes current market value, with an adjustment made based on location and the home itself. You’ll earn Keys by depositing weeks at your residence into the club for other members’ use. Plus, you will earn Double Keys when you deposit a Peak week, and Triple Keys when you deposit a Super Peak week!

When you join 3RD HOME, you’ll list your own private vacation home on the site indicating its value, location, adding pictures and other details. Next, you’ll select weeks that you agree to make available exclusively for other members. 3RD HOME will credit you a number of Keys for each week(s) that you choose to deposit based on the desirability of those weeks.

HOW TO BOOK - Ready to take a trip? Trade your Keys for a stay at another member’s property! You can begin booking immediately– simply select an available week at any of our luxurious properties, pay the nominal exchange fee ($395-$995 USD), and receive immediate confirmation. There are no rental fees for any property on the 3RD HOME site!

Men's Journal recently posted - The 7 Best Places to Après-ski in Park City, Utah, According to Locals - Name your ideal ski day. If it’s anything like ours, it means bluebird conditions where the powder resembles fluffy down blankets and snow-capped trees look a lot like Frosted Mini-Wheats. Of course, it also includes a stellar après-ski situation.

In Park City, UT, your dreamiest (and booziest) snow days are a reality. There are loads of local watering holes—from ritzy resorts to cozy dive bars that embody the ski spirit of yesteryear. They let you unwind and let loose with mouth-watering specialties (fondue, bison burgers, and s’mores, anyone?) and unforgettable libations.

5 Awesome Ski Towns Even Non-Skiers Will Love Here are seven must-visit après-ski hotspots in Park City. Have your fill—then have a little more.

Housing Market In The Current Economy

By Ramon Gomez, Jr.
Feb 21, 2018

Before we get into the housing market I wanted to share an update: Storied Development, LLC, announced today the acquisition of Talisker Club in Park City, Utah, including Tuhaye, the Tower Club and residential sites in Empire Pass for an undisclosed amount.

Tuhaye is a 2,000-acre community nine miles east of Park City on the Jordanelle Reservoir. It features a Mark O’Meara Signature golf course, clubhouse, spa, fitness, kids’ camp, tennis courts, miles of hiking trails, and outdoor-activity programming.

Empire Pass is anchored by the Tower Club, a private on-mountain club with a full-service ski locker facility, a kids’ program, heated pools, spas and fitness. Unique to Talisker is The Outpost, an outdoor adventure center at Bonanza Flats.

“The Talisker Club lifestyle is incomparable,” said Mark Enderle, a partner in Storied Development. “Few places have the caliber of four-season amenities offered with the Club, not to mention the proximity to a village with the charm of Park City. We look forward to working closely with our Members, the local brokerage community and engaging the national market to re-introduce the Talisker Club.”

“The properties associated with the Talisker Club are among the premier residential offerings in the West,” said Storied Development partner Mark Yarborough. “With a refreshed vision, an infusion of new capital, and a commitment to providing remarkable experiences for members, their families and guests, there is no limit to Talisker Club’s potential.”

Currently, homesites are being offered in Tuhaye. Plans for a limited new property release are slated for mid-2018. New construction Tuhaye amenities and marketing outreach are set to begin this spring. To learn more about this acquisition and Storied Development, visit storiedliving.com.

This week we have included a number of charts and graphs regarding the housing segment of our current economy. We hope this information will help you make well informed and timely real estate decisions. Call with any questions as I am available to into further depth on each topic.

The Economy – Recession Signals Not There( Source: Cornerstone Macro)

 

 

 

The Economy – Housing Represents a PotentialEconomic Boost…Increasing Homeownership Rates

 

 

Economy – Housing Could Provide Economic Boost…Low Inventory

Economy – Bank Credit Getting BetterEasier to Obtain Financing

 

 

 

 

Economy – Home Ownership Could Boost Economy and….Help Real Estate
In Conclusion - The charts above give an overall view of the current market with recent volatility in equity markets representing a correction, not a new bear market. By historical standards, housing inventory, interest rates, and homeownership rates are low and credit requirements for mortgage lending are gradually improving. Modest increases in the rate of inflation are likely to be moderated by wage increases and owning a home versus renting a home comparison are very favorable.

February Events

2/22 - 2/24: An Evening with Paula Cole, Park City

2/23: Wasatch Powder Keg Sprint Race, Salt Lake City

2/23 - 2/24: 2018 Wasatch Golf Expo, Sandy

2/27 - 3/4: The Sound of Music, Salt Lake City

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Happy Valentine's Day

By Ramon Gomez, Jr.
Feb 14, 2018

This week we kick off with a spotlight of ST. REGIS DEER VALLEY® - The venerated tradition of St. Regis’ luxury, romance, and bespoke service has come to life in Park City with the debut of the St. Regis Deer Valley® and the 24 whole ownership residences and 67 condominiums suites ranging from 1 to 4 bedrooms with ski-in/ski-out access. From the iconic butlers, to the signature Jean-Georges restaurant and Remede Spa, St. Regis Deer Valley® has brought a unique and surpassing elegance to the slopes of Deer Valley® Resort. Escape to a spectacular mountain getaway in Park City, Utah, where breathtaking landscapes, summer adventures, family activities, and timeless style captivate your spirit.

Another property spotlight for this week is the YOTELPAD PARK CITY - The resort world's most innovative PADS are coming to North America. First stop, Park City. Design and technology dial up the cool factor while dialing down the cost. Efficient floor plans and Italian-made furniture work smarter, changing form and function to do everything you need. The ski valet takes care of your gear and killer amenities are designed for sociability, fun, and relaxation with an outdoor pool and hot tub, games room, and way more. Modern travelers already enjoy YOTEL's innovative spaces and experiences in cities around the world. Now their cool hotel concept evolves for resort living. Everything you want. Where you want it. Full ownership and fully furnished in the heart of Canyons Village For more information contact me. This offering is generating a lot of interest!

February Events

2/15 - 2/18: Chubby Checker and the Wildcats, Park City

2/17: Deadmau5, Park City

2/17: Utah Chinese New Year Celebration Performances, Salt Lake City

2/22 - 2/24: An Evening with Paula Cole, Park City

2/23: Wasatch Powder Keg Sprint Race, Salt Lake City

2/23 - 2/24: 2018 Wasatch Golf Expo, Sandy

2/27 - 3/4: The Sound of Music, Salt Lake City

Market Review & Park City News

By Ramon Gomez, Jr.
Feb 07, 2018

If you haven't read it yet the 2017 Year End Wasatch Back Market Overview is here for your review. This week we wanted to share some local updates and February events in and around Park City.

PARK MEADOWS COUNTRY CLUB BEGINS A NEW ERA - A year-long renovation brings an expanded dining room and bar with the best views in Park City! Members enjoy private dining with their own 21-&-over bar, and look forward to a thriving deck scene come spring. Executive Chef Alex Woodside has created menus to suit many tastes and dining preferences. Members especially love the convenience of dining with easy access during the busy ski and Sundance Film Festival seasons.

In addition to the dining room and bar and the walkable Jack Nicklaus Signature 18-hole golf course, members have access to a retail golf shop with low member pricing; year-round golf simulator for practice, lessons, leagues, and events; luxury locker rooms with lounge space, steam rooms, and modern finishes; 2,000 sq. ft. fitness center with brand-new cardio equipment and 600 sq. ft. movement studio with heated floor, and more. Phase Two of the renovation project includes a new, larger swimming pool, F&B service building, bocce ball and pickleball courts, all coming summer 2018. Click here for more information on the Park Meadows Country Club.

RootsRated recently posted HOW TO PLAN AND EXECUTE A WEEKEND SKI TRIP TO PARK CITY (AND WHY IT'S TOTALLY WORTH IT) Which means you can’t help but monitor the snow reports in resort towns, and within just 72 hours, you can have an incredible ski weekend in Park City, Utah. This article is great to share with friends, family and out of towners as it goes over logistics for travel, gearing up, getting out on the hill, things to do around town and getting back to your own home. Click Here for the whole article.

USA - Trips To Discover recently posted America’s 9 Most Beautiful Mountain Towns to Visit and Park City, Utah makes the list. The historic mining town of Park City is also best known for its legendary skiing, with most frequently visited during the winter months, but in other seasons, visitors can enjoy all sorts of activities on the water, like fishing for trout in blue ribbon streams, boating and more, as well as active land pursuits like mountain biking and hiking amid the impressive scenery. The town itself offers a whole lot too, and is lined with 19th-century buildings from its silver mining boom days. A number of popular events are hosted here, like January’s Sundance Film Festival and the July Food & Wine Classic, so you may want to plan your trip around one of them.

February Events

2/7: "The Lewis & Clark Expedition" Presentation, Park City

2/7 - 2/11: Howard Jones, Park City

2/9 - 2/10: All Star Monster Truck Tour, West Valley City

2/9 - 2/25: Cinderella, Salt Lake City

2/15 - 2/18: Chubby Checker and the Wildcats, Park City

2/17: Deadmau5, Park City

2/17: Utah Chinese New Year Celebration Performances, Salt Lake City

2/22 - 2/24: An Evening with Paula Cole, Park City

2/23: Wasatch Powder Keg Sprint Race, Salt Lake City

2/23 - 2/24: 2018 Wasatch Golf Expo, Sandy

2/27 - 3/4: The Sound of Music, Salt Lake City

Sundance 2018

By Ramon Gomez, Jr.
Jan 17, 2018

This week we wanted to share a little about Sundance, the Park City School District and the Berkshire Hathaway 2017 Year End Market Overview. Sundance is almost here with 110 Independent Films From 29 Countries. The Festival hosts screenings in Park City, Salt Lake City and at Sundance Mountain Resort, from January 18th –28th. Robert Redford, President and Founder of Sundance Institute, said, “The work of independent storytellers can challenge and possibly change culture, illuminating our world’s imperfections and possibilities. This year’s Festival is full of artfully-told stories that provoke thought, drive empathy and allow the audience to connect, in deeply personal ways, to the universal human experience.”

For the 2018 Festival, 110 feature-length films were selected, representing 29 countries and 47 first-time filmmakers, including 30 in competition.These films were selected from 13,468 submissions including 3,901 feature-length films and 8,740 short films. Of the feature film submissions, 1,799 were from the U.S. and 2,102 were international. One-hundred feature films at the Festival will be world premieres. In 2017, the Festival drew 71,638 attendees, generated $151.5 million in economic activity for the state of Utah and supported 2,778 local jobs.

Starting January 16 at 10:00 a.m. MT, individual tickets will be released for purchase online and at box offices as they become available up until 2 hours before showtime.

If you're looking for Box Office Hours, information on our eWaitlist, or other Frequently Asked Questions, CLICK HERE

News Update - FASHION magazine recently posted a lovely little article If You Ski, Add Utah’s Wasatch Mountain Range to the Bucket List - Imagine sunrise yoga in a 10,000-year-old crater, afternoon ski lessons with an Olympian and a six-course Norwegian dinner at 2,652 metres.

The Park City School District is in the News - There are nearly 100,000 elementary, middle, and high schools in the US. The best districts are coveted, and a high-caliber school system can be a key factor when a family decides to relocate to one city over another. Niche, a company that researches and compiles information on schools, provides a ranking of the best school districts in America — that is, the collective quality of all the schools in a district determined by a grade of overall experience. The ranking includes key factors such as the strength of academics, health and safety, diversity, and the quality of teachers. This year the Park City School District is #1 for the state of Utah.

The 2017 Year End Wasatch Back Market Overview is here. For the complete digital online version, click here.

Chief's Choice Award

By Ramon Gomez, Jr.
Jan 10, 2018

Thank you to the Park City Police Department as it was very humbling to be presented with the 2017 Chief’s Choice Award on January 4th for years of service in working with Shop With A Cop and other communities services. It is a joy to be a part of the Park City community and I look forward to many more years of involvement and service.

Park City and the state of Utah are always popping up in the news. This week we have linked articles from Forbes, Money Magazine, USA Today, Apartment Therapy, Houselogic and The Nerdist.

State News - Forbes has listed the Top 10 cities Where Employees Are Happiest and Utah made the list!

Trips - Money Magazine has listed the top 10 Budget Friendly Trips In 2018 - try Salt Lake City!

Local - as posted in last week's blog - Park City High School has been named best public high school in Utah by USA Today!

Film - Here are the 13 most anticipated movies at the 2018 Sundance Film Festival from The Nerdist.

Style/Design - Here are the 2017 decor trends that will likely stick around for 2018 from Apartment Therapy.

Homeownership - Houselogic has 5 Tasks Every Homeowner Should Do In January.

If you haven't seen the latest video from Berkshire Hathaway HomeServices Utah Properties Park City - here it is Welcome to Utah! Our stunning state is known for its world-class skiing and snowboarding resorts, spectacular red rock deserts, and as one of the nation’s best states for business. Host of the 2002 Winter Olympic Games, Utah boasts a panorama of recreation and culture. From professional sports teams such as the Utah Jazz and Real Salt Lake, performance powerhouses such as the Utah Symphony, Ballet West, and Utah Opera, exceptional art galleries and concert venues, to award-winning restaurants and a lively nightlife scene… Utah showcases a limitless variety of activities and entertainment.
Salt Lake City International Airport is Utah’s gateway to the world. Ranked as one of the nation’s best for on time departures and arrivals and one of the lowest in percentage of flights cancelled. Salt Lake City’s airport is just 15 minutes from most Salt Lake neighborhoods and 40 minutes from Park City.

In the winter, locals and visitors alike enjoy “The Greatest Snow on Earth” at Utah’s 14 world-class ski resorts. From Park City Mountain, the largest ski and snowboard resort in the United States, to Deer Valley® Resort which has been ranked the #1 Resort by Ski Magazine 6 times, to Snowbird which features 3,240 vertical feet between the base and the summit, Utah has a resort for everyone. Whether it’s downhill skiing or cross country, snowshoeing or snowmobiling, an incredible winter adventure is just minutes away.

From the Wasatch Front cities of Ogden, Bountiful, Salt Lake, and South Jordan, to the Wasatch Back communities of Park City, Heber, and Kamas, there is a place for everyone in Utah. Live here, work here, play here.

Best High School in Utah

By Ramon Gomez, Jr.
Jan 03, 2018

USA Today published Best Public High Schools in Every State and Park City High School is the best in the state of Utah. To determine the best public high school in every state, 24/7 Wall St. reviewed rankings for all public schools from school and neighborhood data clearinghouse Niche. Data on rank, number of students, student-teacher ratio, average graduation rate, average SAT score, average ACT score, and AP enrollment also came from Niche. Data on the ratio of students to teachers by state came from the National Center for Education Statistics.

Across the country, just over 80% of students graduate, 4.9% of students enroll in Advanced Placement classes, and the average SAT score is a little over 1000 out of 1600. In some of the nation’s top public schools, virtually all students graduate, AP enrollment is well above 70%, and average SAT scores are above 1400.Park City High School has 1,131 students with a student-teacher ratio of 19:1 and an average SAT: 1240 making it best in the state of Utah. To read the entire article click here.

The latest edition of the Welcome to Park City guide is now available. This 24 page guide is an excellent resource for Park City real estate and is easily accessible in digital format. Click here to enjoy the digital and interactive guide. Park City is the place to be. Named ‘The Best Town in America’ by Outside Magazine, the small resort town of Park City is situated in the middle of the mighty Wasatch range in the Rocky Mountains and is known for hosting the 2002 Winter Olympics, world-class skiing, miles of hiking and mountain biking trails, and the Sundance Film Festival. Park City and the surrounding areas of East Summit County, the Heber Valley, and the Jordanelle provide a panorama of outdoor recreation such as hiking, camping, biking, fishing, boating, rock climbing, worldclass skiing and snowboarding, snowshoeing, and so much more. From award-winning restaurants, boutique shops, exceptional art galleries, historical theaters, and concert venues, Park City has no shortage of arts, culture, and activities. This guide is your introduction to Park City, the surrounding areas, and the adventures that await.

Welcome To Utah

By Ramon Gomez, Jr.
Nov 29, 2017

Welcome to Utah! Our stunning state is known for its world-class skiing and snowboarding resorts, spectacular red rock deserts, and as one of the nation’s best states for business. Host of the 2002 Winter Olympic Games, Utah boasts a panorama of recreation and culture. From professional sports teams such as the Utah Jazz and Real Salt Lake, performance powerhouses such as the Utah Symphony, Ballet West, and Utah Opera, exceptional art galleries and concert venues, to award-winning restaurants and a lively nightlife scene… Utah showcases a limitless variety of activities and entertainment. Check out the entire Welcome to Utah video by clicking here.

Salt Lake City International Airport is Utah’s gateway to the world. Ranked as one of the nation’s best for on time departures and arrivals and one of the lowest in percentage of flights cancelled. Salt Lake City’s airport is just 15 minutes from most Salt Lake neighborhoods and 40 minutes from Park City.

In the summer, Utah has it all when it comes to hiking, golf, mountain biking, backpacking, camping, fishing, boating, river rafting, rock climbing, and more. Home to the Mighty Five® National Parks, over 40 state parks, countless lakes and reservoirs, and some of the most scenic public and private golf courses in the country, many of which are championship-designated, there is something for everyone during the summer in Utah. Park City alone boasts over 400 continuous miles of trails which span two resorts and has been awarded the highest International Mountain Biking Association’s Gold-Level Ride Center designation.

In the winter, locals and visitors alike enjoy “The Greatest Snow on Earth” at Utah’s 14 world-class ski resorts. From Park City Mountain, the largest ski and snowboard resort in the United States, to Deer Valley® Resort which has been ranked the #1 Resort by Ski Magazine 6 times, to Snowbird which features 3,240 vertical feet between the base and the summit, Utah has a resort for everyone. Whether it’s downhill skiing or cross country, snowshoeing or snowmobiling, an incredible winter adventure is just minutes away.

From the Wasatch Front cities of Ogden, Bountiful, Salt Lake, and South Jordan, to the Wasatch Back communities of Park City, Heber, and Kamas, there is a place for everyone in Utah. Live here, work here, play here. Contact your Berkshire Hathaway HomeServices Utah Properties professional for the current market information on our exceptional state.

The Berkshire Hathaway HomeServices Utah Properties Welcome to Park City guide is now available for your review, call with any questions and have a great rest of the week.

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."

 
 
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