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2019 First Quarter Market Review

By Ramon Gomez, Jr.
Apr 23, 2019

This week we have the first quarter Market Review for the Wasatch Back, local market reports for the Park City area and a little update on our record snowfall season!

The snow around town may almost be gone except for on the mountain tops and Ski Utah shares that the 2018-2019 season has been one of Utah’s snowiest on record. Every ski resort in the state recorded above-normal snowfall for the season. Every watershed basin in the state is at 135% of average or higher. Some areas, such as southwest Utah, are more than double the average snowpack! On average, we are 162% of median snowpack for this date and have received more than double the snowfall of the 2017-18 season. We are even challenging the great 2010-11 winter, in which Utah shattered all previous snowfall records.

While the numbers are impressive, what might be even more remarkable is the consistency of the snowfall. Alta Ski Area, which has currently seen 616” of snow on the season, has reported fresh snow on 91 separate days since November 1st. That’s out of a possible 171 days (as of April 20th). That means that Alta has received fresh snow on greater than 53% of ski days since the start of the season!

Elsewhere, each of the other resorts in the Cottonwood Canyons (Brighton and Snowbird) have likewise seen greater than 600” of snowfall for the season. Solitude Mountain Resort falls just over 500" for the season. Farther north, Snowbasin Resort had its snowiest winter in years and has thus far reported 429” of snow, including one of its snowiest February months on record. In southern Utah, Brian Head Ski Resortand Eagle Point both recorded seasonal snowfall more than 50% above average. Skiers, snowboarders and snow-lovers can all rejoice! This has been a truly remarkable season – one that will be remembered by many of us for years to come. Utah has once again lived up to its billing as The Greatest Snow on Earth.  While many resorts are closing, Snowbird will likely remain open into June. You can find a full list of closing dates here.

The First Quarter 2019 Market Review is now available! Click here for the entire report.

 

Next we have the most recent market reports for Upper and Lower Deer Valley, Old Town, Empire Pass, Deer Crest and the Canyons.

 

 

What Baby Boomers Want

By Ramon Gomez, Jr.
Apr 15, 2019

The National Association of Home Builders has shared the Top 10 Home Features Baby Boomers Want — and Don’t Want - Much like the average home buyer, buyers in the baby boomer generation like laundry rooms and energy efficiency, and dislike elevators and wine cellars. Baby boomers, however, tend to have stronger opinions about what they do and do not want in their homes, as indicated in NAHB’s recent update on What Home Buyers Really Want.

The 2019 edition is based on a survey of 3,996 home buyers, both recent (purchased a home in the last three years) and prospective (expecting to buy a home in the next three years). Respondents rated 175 features on the following four-tier scale: Essential: Unlikely to buy a home without feature, Desirable: Seriously influenced to buy home if included, Indifferent: Would not influence purchase decision, and Do Not Want: Not likely to buy a home with feature.

No. 1 is a laundry room, which 94% of baby boomers want. Baby boomers are more likely to indicate what they want (based on higher essential/desirable percentages noted in the chart), and a full bath on the main level (displacing a double kitchen sink).

An elevator is the feature baby boomers are least likely to want, as 80% of baby boomers are looking to purchase single-story homes. It’s important to remember, however, that a niche market usually exists even among the most generally unwanted items; in this case, 10% of baby boomers consider an elevator desirable, and 3% think it’s essential.

With the most undesirable features, baby boomers again paralleled the interests of the general home buyer population. The biggest difference is that a two-story family room ranks fourth on the unwanted list for baby boomers, compared to ninth for all buyers. In every case, though, the share of baby boomers who explicitly reject the feature is at least 5 percentage points higher.

Baby boomers also ranked their most desired community features: Near retail space (72% ranked essential or desirable), Walking/jogging trails (66%), Typically suburban (65%), Walkable community (62%) and Park area (61%).

For inspiring 55+ development ideas, visit the recently updated Best of 55+ Housing Awards website.

With those stats in mind, Apartment Therapy has shared the 9 Ways to Boost Your Home’s Curb Appeal, According to Real Estate Experts. When it comes to curb appeal, doesn’t it seem like everyone talks only about painting your door a bright color and manicuring your front yard? Here, some of the best tips, from real estate professionals.

1. Don’t just focus on shrubs and flowers - “You want to make sure that all of the boundaries between any concrete, grass, and flowerbeds are crisp and clean,” says Brett Jennings, founder of Real Estate Experts, a real estate company in Southern California. “This makes a big difference between a messy front yard and an organized one.”

2. Do more than a light spring clean - By power washing the siding, windows, and entire exterior of your home, you’ll get rid of years of dirt and debris and give your façade an upgrade. “This is important because the vast majority of buyers who don’t like the exterior of a home won’t even look at the interior, no matter how great it is,” says Bruce Ailion, a Realtor in Atlanta, Georgia.

3. Make sure potential buyers can find your home - It seems obvious but a house number—in an updated font—can make or break the look of your home. “Make sure your address number can be read from the street,” says Justin Riordan, founder of Spade and Archer Design Agency, a home staging company in Portland, Oregon. “If your house is hard to find, people will leave without buying. Also, your address numbers need to be in a contrasting color and it should be well-lit so it can be easily read from the street both day and night.”

4. Show your screen door the door - “I have never seen a screen door that was better-looking than the door behind it,” Riordan says. “The screen door also can make for an awkward entry sequence when attempting to get the key out of the lockbox while holding the screen door open.”

5. Upgrade your mailbox - “If your mailbox is looking a little rusty and if you want your home to look a little more glamorous, this is the perfect opportunity to replace it with a newer, more stylish option,” says Sophie Kaemmerle, a home improvement expert at Neighbor Who.

6. Play with night lights - “Your house may look its best during the day, but don’t forget to make sure it looks as good at night,” Kaemmerle says. “The right lighting can create the ambiance you want and even show off all of your home’s best features.”

7. Add window boxes or planters - “Even if you don’t have a big yard, you can amplify your windows and the look of your home’s front exterior by adding flowers below your windows,” Kaemmerle says. “This can drastically change the look of your home, thanks to the pop of color they can provide. You don’t have to have them at every window—even just one or two may be sufficient to drastically ramp up your curb appeal.”

8. See your front door as a design statement - “The front door says a lot about a home and its owner,” says Smitha Ramchandani, president of SR Real Estate Group in New Jersey. “When choosing a color, consider the style of your home. Perhaps a stately black or hunter green might appeal to buyers with traditional tastes or maybe you want something more laid-back like a canary yellow, which telegraphs cheer and comfort.”

9. Make sure your home exudes warmth - “You want to aim for a homey look when you’re working on curb appeal so avoid obscuring the interior with opaque or blackout curtains if you don’t need to or at least keep them drawn to the side for showings,” Ramchandani says. “Or, put a plant in a first-floor window. Just one works to add a homey touch. Remember: A home that looks open looks more inviting to a potential buyer.”

Solar is also an option for a household upgrade as KUTV reports that Salt Lake City ranskn11th nationwide for solar energy. According to a recent report conducted by the Environment America Research & Policy Center, Salt Lake City is ranked 11th nationwide for solar energy per capita, putting the state capital among the nation's top solar energy leaders. The results came from "Shining Cities 2019: The Top U.S. Cities for Solar Energy" - a comprehensible survey that monitors installed solar capacity across the country. Salt Lake City’s use of solar energy sets an example for the rest of the country.

According to the report, Salt Lake was ranked ahead of Los Angeles and behind Albuquerque, New Mexico, for megawatts of solar energy per capita as of year-end 2018. Salt Lake City uses solar energy to protect public health by combating local air pollution and reduce global warming emissions as part of the city's commitment to achieving 100% renewable electricity citywide by 2032, stated the press release.

“We are thrilled to see Salt Lake City listed among the solar energy leaders in Shining Cities,” stated Salt Lake City Mayor Jackie Biskupski in the press release. “Sustained development of solar resources is an essential pillar of our efforts to address climate change. Powering homes and businesses with clean, renewable energy creates jobs, reduces pollution, and offers stable electricity rates. I’m proud to see so many of our community members invest in a clean energy future.”

In addition to the national rankings, the report examined national solar power in major cities over the course of six years. According to the report, solar energy capacity has more than doubled in 45 of 57 of the country's largest cities and it has more than quadrupled in Salt Lake City from 2013 to 2018. “Each year we harness more and more of the enormous solar energy potential across the country,” stated Searson. “We still have a long way to go, but leaders like Mayor Biskupski are taking the steps necessary to power more homes, schools and businesses with clean energy from the sun.”

Vacation Homes

By Ramon Gomez, Jr.
Apr 03, 2019

The great thing about Park City is that even when you are working you still feel like you are on vacation. Bloomberg has released The Best Places to Own a Vacation Home in the U.S. and Park City tops the list - Aspen and Jackson Hole might be the first ski spots that come to mind when considering a vacation at a luxurious mountain resort. But if you’re actually looking to buy a home and care about convenience as well as luxury, then Utah’s Summit Park region may be the best option. Summit Park -- the term for the micropolitan area -- ranked highest on Bloomberg’s Wealthiest U.S. Vacation Havens Index. The area is home to the Park City, Silver Summit and Deer Valley resorts.

Bloomberg looked for small pockets of wealth in more than 500 areas across four equally weighted metrics: vacation home stock, share of the workforce employed in real estate and recreation-related industries, home valuations and household income. The final index is comprised of 70 micropolitan statistical areas. A micropolitan statistical area includes one main urban center with a population of at least 10,000 but fewer than 50,000 people, at least one county and all designated hamlets, villages and townships.

In Summit County, the average sale price of a single-family home was close to $1.6 million in 2018, according to data from Sotheby’s International Realty. Within Summit County’s Park City limits, the average sale price was even higher at $2.7 million.

"The Park City area offers a very wide range of home options, but increasingly moderately priced housing is being displaced as home prices are bid up in prime locations," said Bill Ligety, associate broker at Summit Sotheby’s International Realty and a 40-year Park City resident.

Home prices within the Deer Valley Resort -- less than three miles from the Park City slopes -- are even more extravagant. The average sale price in Upper Deer Valley, the older and more historic portion, was $5.4 million last year. In the newer area, dubbed Deer Crest, the average was $6.5 million. The St. Regis hotel is located in this neighborhood.

Nearly 20 percent of households in Summit Park earned $200,000 in 2017, the highest of all micro areas. But that figure could be higher because a share of people who own vacation homes have a primary residence at a different location where they would report their income.

Two micro areas in Colorado -- Edwards and Breckenridge -- landed at No. 2 and No. 3, respectively. Ski resorts in those areas include Vail, Breckenridge, Copper, Beaver Creek and Keystone. The micro area in and around Jackson Hole was ranked No. 4.

Looking to start a business in Utah or already have one, well The best and worst US states to start a business (by Yahoo Fianance)- ranks Utah the #2 state to start a business. Texas is the best state to start your own business and Hawaii is the worst, according to a study from WalletHub. The personal finance site analyzed data from a variety of sources — including the U.S. Department of Labor and Statistics, the U.S. Census Bureau — and found that the top five states to start a business were Texas, Utah, Georgia, Montana, and Oklahoma. The bottom five were Pennsylvania, Vermont, Rhode Island, New Hampshire, and Hawaii.

The study factored in the business environment, access to resources, and business costs as part of their findings. It also considered aspects including educated populations, total spending incentives as a percentage of GDP, and the availability of human capital. North Dakota (#7) and Utah (#2) are the top states for highest average growth in the number of small businesses and most accessible financing. Alaska (#36) is the top state for the highest availability of human capital and longest average work week (in hours). Iowa (#39) has the cheapest office spaces while West Virginia (#45) and Michigan (#15) are tied for highest total spending on incentives as a percentage of GDP.

Last month we looked at Utah being a great place for retirees, well the Most Popular Cities for Millennials to Call Home (by Realtor Magazine) is also Utah - Millennials are choosing to plant roots in Salt Lake City, Minneapolis, and Pittsburgh at higher rates than in any other of the nation’s 50 largest metro areas, according to a new report by online marketplace LendingTree, which analyzed mortgage requests from January to November. “While millennials are often stereotyped as adolescents, the reality is that this generation is well into adulthood, with most between their early 20s and mid-30s,” according to the study. “This means that many of them are actively pursuing careers, having children, and buying homes.”

In Salt Lake City, millennials made the majority of total purchase requests—51 percent—between Jan. 1 and Nov. 25 this year. In Minneapolis and Pittsburgh, the percentage was 48 percent, according to the study. On the other hand, the fewest mortgage requests from millennials during the same time period were in Tampa, Fla., Las Vegas, and Miami. Only 30 percent of purchase requests in Tampa came from millennials. Tampa represents the lowest share of millennial mortgage requests among the 50 largest metro areas analyzed.

August Events

By Ramon Gomez, Jr.
Aug 08, 2018

This week we have 4 Super-Easy Curb Appeal Projects to Max Out Your Home’s Value. The yard of your dreams just might be more achievable than you thought - even in the mountains. You can also check out the Remodeling Impact Report: Outdoor Features from the National Association of REALTORS® it has some interesting data on how landscaping affects home value, especially those with tons of curb appeal.

AUGUST EVENTS

Now - 10/21: Real Salt Lake, Sandy

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

Sundays, 6/3 - 9/23: Park Silly Sunday Market, Park City

Wednesdays, 6/6 - 10/10: Park City Farmers Market, Park City

8/4 - 8/11: Summit County Fair 2018, Coalville

8/6 - 8/12: Tour of Utah, All Over Utah

8/9: Deer Valley Music Festival 15th Anniversary Celebration at Blue Sky, Coalville

8/11: Chris Stapleton, West Valley City

8/8 - 8/11: 2018 Weber County Fair, Ogden

8/15: Zoo Brew, Salt Lake City

8/15: Yappy Hour, Salt Lake City

8/15 - 8/18: 2018 Utah County Fair, Spanish Fork

8/17 - 8/19: Ogden Valley Balloon & Artists Festival, Ogden

8/18: Mid Mountain Marathon, Park City

8/18 - 8/19: Utah Beer Festival 2018, Salt Lake City

8/18 - 10/14: 2018 Oktoberfest , Snowbird

8/24 - 8/25: 2018 Utah Renaissance Faire, Thanksgiving Point

8/25: Made in Utah Festival 2018, Salt Lake City

8/30 - 11/24: Utah Utes Football, Salt Lake City

8/31 - 9/1: 2018 Midway Swiss Days, Midway

8/31 - 9/3: Soldier Hollow Classic Sheepdog Championship & Festival, Midway

9/1 - 11/24: BYU Cougar Football, Provo

9/3: Deer Valley Concert Series - Jason Mraz, Park City

Neighborhood Spotlight - East Summit County: Located below the majestic peaks of the Uintas, the mountain communities of Peoa, Kamas, Oakley, Woodland, Francis, Hoytsville, and Coalville boast stunning views and wild natural beauty. Popular with outdoor enthusiasts and ranchers, these townships offer a wide range of real estate options including farmstead estates, large lots to build your dream home on, and small subdivisons with a quiet neighborhood feel.

Just a short distance to Park City and Salt Lake City, these towns have a preserved sense of nature and community without the hustle and bustle of a larger city. From fishing, horseback riding, hiking, mountain biking, rock climbing, and camping these areas provide a range of outdoor pursuits. In addition to their scenic charm, each town offers its own array of community activities including the Oakley Rodeo, Summit County Fair, outdoor summer concert series, and Kamas’ Fiesta Days.

Development Spotlight: Talisker Club: Inspired four-season lifestyle in Park City, Utah offers the best in Rocky Mountain living, featuring an exclusive one-of-a-kind private club membership with distinctive amenities and outdoor adventures. All highlighted by an incomparable collection of venues – landmark ski-in/ski-out at Empire Pass in Deer Valley® and award-winning golf and more at Tuhaye. It’s an unparalleled mountain experience for creating a cherished family legacy. For more information click here.

Golf & Second Quarter Market Review

By Ramon Gomez, Jr.
Jul 25, 2018

This week we wanted to share links to each of the amazing golf courses in the Park City area as well as the 2018 Second Quarter Market Review. Click on each of the images below for a larger, full page view.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Now on to golf, one of my favorite past times.

PUBLIC COURSES

Park City Golf Club

The Canyons Resort Golf Club 

Wasatch Golf – Mountain Course (Midway)

Wasatch Golf – Lake Course (Midway)

Soldier Hollow – Gold Course(Midway

Soldier Hollow – SIlver Course (Midway)

PRIVATE COURSES

Glenwild Golf Club

Jeremy Golf & Country Club

Park Meadows Golf Club

Promontory Club – Jack Nicklaus Painted Valley Course

Promontory Club – Pete Dye Canyon Course

Red Ledges Golf Club

Tuhaye Golf Club

Victory Ranch Golf Club

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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.

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

 

 

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)

The 2016 Market Reprot

By Ramon Gomez, Jr.
Feb 01, 2017

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The 2016 Market Report Year End is full of great information about Park City. This comprehensive year end market report provides an overview of both Summit and Wasatch County real estate. The statistics provided in this report are based upon the Park City Board of Realtors MLS data for the period of January 1, 2016 to December 31, 2016.

Park City proper’s long standing residential neighborhoods have lower inventory levels, and as a result, have experienced a slight decrease in number of sales. Neighborhoods just outside city limits like Silver Springs, Redstone, and Old Ranch Road, have shown increasing prices with constrained inventory. Similarly, in response to inventory and pricing, many Millennials seem to be looking to the Canyons, Jordanelle, and Wasatch County areas for first time homes.

The number of sales of single family homes in our city limits and Snyderville Basin saw a very gradual increase from 2015, and several areas saw a decrease in properties sold. However, average prices are up. There are pockets of high activity in areas like Summit Park. East Summit and Wasatch counties continue to bring tremendous buyer interest. Here are the Snyderville Basin Stats:

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The market as a whole has shown measured improvement that is slightly more robust than average U.S. trends in home price and sales volume. We are now seeing home prices and sales numbers that are slightly above those before the recession. In summary, our market looks healthy and shows signs of steady growth.

Did you know that in Park City we have 8,000 acres of open space and 400 miles of trails! There are also 1.8 million season skier days with an average snow fall of 350 inches and an average Winter temperature of 22° to 33°. Park City's population is 8,200 people and Summit County as a whole is roughly 38,500 people.

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If you have any questions about the Park City real estate market please let me know and I am happy to answer any questions. Here is the The Full 2016 Market Report Year End for your review. Have a great week.

The Berkshire Hathaway Prediction for 2017 - We expect additional new developments to come to market in 2017 in the Jordanelle, Heber, and Canyons areas. Inventory will remain low in many areas, especially in Park City proper residential neighborhoods. Finally, while mortgage rates will continue to rise mildly, we do not see this trend influencing buyer demand significantly.

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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

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.

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

Heber Valley Market

By Ramon Gomez, Jr.
Jun 01, 2016

RL2 copyHeber Valley is only fifteen minutes from Park City and thirty minutes from Provo, the majestic Heber Valley is perfectly situated at the base of the mighty Wasatch mountains. Home to some of the most beautiful ranch property in the country, the Heber Valley offers breathtaking views of the nearly 12,000 foot Mt. Timpanogos and has the Jordanelle Reservoir to the North and Deer Creek Reservoir to the south, both offering a wide variety of water sports including fishing and boating. Property types range from charming historic single family homes to expansive ranches and luxury golf properties. Heber Valley is a golfers dream with over 100 holes of golf at the Wasatch Mountain State Park, Soldier Hollow, Quarry Springs, and the private gated community of Red Ledges. Heber City was recently named as one of the greatest towns in America.

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Midway, home to Swiss Days and the Olympic-designated Nordic track at Soldier Hollow, has several new developments in addition to its lovely ranches and bungalows. Midway is also home to 100 holes of golf at 5 different courses and the Soldier Hollow cross-country ski track. Midway offers a slower pace lifestyle, that allows equestrian pursuits as well as close proximity to the hustle and bustle of Park City and Salt Lake. Homes here have a charming mountain setting that is peaceful and quaint and command a premium over the rest of the Heber Valley.

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Heber and Midway boast award-winning restaurants, champion-designated golf courses, parks, and expansive trail systems. Whether you love horses, hiking, golfing, fishing, or enjoying the best of the American West, Heber Valley is not to be missed. Check out the upcoming events in the Heber Valley and peruse the  2015 Heber Valley Market Report.

 

Upcoming Events in Heber:

6/3 Commemorative Air Force Swing Dance at Heber City Airport

6/4 Free Fishing Day at Wasatch Mountain State Park

6/4 National Trails Day at State Parks

6/16 Heber City's Farmer's Market on Main Street

6/17-6/18 Ragnar Relay Running Series

6/25 Wasatch Chevy's "Back to the 50's" Car Show Main Street

7/4 Homestead Old Fashion 4th of July

7/14-7/16 IRHA Intermountain Reining Horse Association

7/16 Fire on the Water at Jordanelle

7/30 Wasatch County Demolition Derby at Wasatch County Events Complex

8/5-8/6 Utah Commemorative Airforce Classic Car Show at Heber City Airport

8/6-8/7 Tour of Utah

8/20 National Ability Center's Summit Challenge Bike Race in Midway

Call us with any questions about the Heber Valley or visit our website to search all the homes currently on the market.

The Importance of a Great Agent

By Ramon Gomez, Jr.
Apr 13, 2016

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The wife and I moved here in 2001 when I was the opening General Manager for Glenwild Golf & Spa and we fell in love with Park City. We decided to make the move here permanent, so for the last decade we have focused on selling luxury homes and properties in the Park City area after a forty year career in hospitality. In 2014 we decided to expand our team and brought in Sara Sergent, a Realtor, with a background in Human Resources and organization management.

In the greater Park City area we work with individuals selling their first homes, second homes and even third homes. We make it our priority to attend showings and most importantly - communicate with you. We have our professional photography team capture the best of your home and our marketing campaign reaches thousands each week. We are involved in the community, reach out to our network routinely, and constantly share your home in local and national publications and internet campaigns.

We also work with buyers from across the country and are always on the lookout for our clients needs. Whether you are moving into another home in Park City or moving in from out of state our team is here to help search out the perfect property for you. We help you every step of the way from on-line tours to in-person tours to going under contract as we help you navigate the seller's 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.

Facebook        www.realtorramoninparkcity.com

Ramon Gomez, Jr. Associate Broker, ABR, RSPS, SFR, PCBR                         Berkshire Hathaway HomeServices - Luxury Collection Specialist 435-640-0590

Judy Gomez, SFR, ePro - Berkshire Hathaway HomeServices

Sara Sergent, NAR Green Designation - Berkshire Hathaway HomeServices

If you already have a strong working relationship with a Park City Realtor we are by no means trying to interfere with that relationship.

Park City Awards

By Ramon Gomez, Jr.
Apr 08, 2016

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We are very proud to announce that we have been awarded the 2015 Berkshire Hathaway Home Services Platinum Chairman's Circle Award. This distinguishing honor represents that we are again in the top 1% of the Berkshire Hathaway network nationwide for the second year in a row! We truly appreciate the loyalty and referrals from our buyers and sellers across the country over our many years here in Park City. We look forward to continuing our tradition of exemplary client service and being among some of the best Realtors in the industry.

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Visit our website to meet the team, check out our listings (two of our listings have gone under contract just this past week), access all properties for sale in the Park City market through our local MLS system, read our weekly blog and find out about this great place we call home.

Remember to get the last of your Park City ski season in this weekend as Park City Mountain Resort and Deer Valley are ending their ski seasons on Sunday, April 10th. As the resorts get ready for the next season so do many of the restaurants here in town, check out this article to see What Park City Restaurants Are Closing for Shoulder Season.

  1. Lyndee says:

    Great ariclte, thank you again for writing.

Spring is Here

By Ramon Gomez, Jr.
Mar 24, 2016

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Spring is here in Park City and in the last few days we have seen 60 degrees and sunny and under 30 degrees with blustering snow. The latest storm brought close to nine inches of snow to the mountain resorts and more reason to hit the slopes before both Deer Valley  and Park City Mountain Resort close their skiing on April 10th.

Organic Spa Magazine reminded us that as the skiing wraps up the spa treatments in Park City get better with services at Montage Deer Valley and such treatments as the Apre``s Ski Soak & Muscle therapy and the Ski Boot relief to revive achy legs and feet. If you head towards Canyons Village Park City Mountain Resort you will find Serenity Spa at Westgate with 30,000 square feet of relaxation, complete with 14 treatment rooms, a tranquil spa with waterfall and magnificent amenities. Serenity Spa captured the prestigious Best of State Award in 2013, 2014 and 2015 for "Best Destination Spa."

On your way to the spa after a day of skiing you may pass a four legged furry friend on the mountain. Most visitors to Park City comment during their stay that there are great dog parks and amazing amenities for our four legged friends. Interesting stat - there are more dog licenses in this fair town than full time residents - and on that note we wanted to share a little bit about a dog named Rogue. Ski Utah recently posted  Utah's Cutest Resort Professionals and featured Rogue who was awarded Puppy Weekly’s cutest dog of the month December, 2016 and the cutest dog in all the United States, making her the perfect ambassador for Park City Mountain Resort.

Aside from cute puppies, spa treatments and skiing - here are a few activities in Park City for the rest of this week:

March 23-27 Spring Gruv at Park City Mountain Resort

March 23-24 Kimball Art Center - Illuminations of Africa's Wildlife

Thursdays/Fridays/Saturdays Ritual Chocolate Factory Tours

March 24-April 15 Park City Food Tours

March 25-27 Park City Film Series - The Lady in the Van

March 26 - April 2 Fox School of Wine Weekend Wine Series

There Is More Than Skiing In Park City

By Ramon Gomez, Jr.
Mar 16, 2016

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Park City is a town for those who love the outdoors and adventure, and during the snow months we have more than just the mountains to play on. StayParkCity posted 10 Winter Activities That Don't Require Skis as hiking, bowling and spa treatments are just the tip of the iceberg, and SKIMAG.com has put together a Guide to Park City's Best Shopping as there is always something for everyone. Utah is a great place for ski resorts (14 world-class ski resorts) and boasts the largest resort in the U.S., scores the country's most consistent snowfall, but did you know that one Utah resort has the nicest ski bathrooms anywhere? - Ski Utah shares 14 Reasons to Ski Utah.

Park City Mountain Resort has seen 17 inches of snow in the last 48 hours  adding some much appreciated powder to our favorite slopes. I made it up the other day and took my snowboard from the Canyons Village to Downtown Park City and rode the new lift back to take in the incredible view. S Media Snowports Culture posted a great episode about Park City skiing and the fact that flying into Salt Lake City gives visitors and residents alike access to 11 of the 14 ski resort within an hours drive.

If you have time to give back this weekend, Operation Smile will be in Park City and locals and celebrities will be out raising awareness and funds for a great cause. Operation Smile started in 1982 and has provided surgeries for hundreds of thousands of kids in more than 60 countries. For more information, visit operationsmile.org.

With Spring around the corner, some of our friends were just telling us about Via Ferrate - a climbing adventure will be added to our list for warm weather activities. The Utah Adventure Center offers Via Ferrate: Guided Cable Assisted Climbing. Via Ferrata (Italian for "iron road") is a mountain-climbing method that lets less experienced climbers enjoy the adrenaline rush and spectacular scenery usually reserved for elite climbers. The "iron road" is now available in Utah with the Waterfall Canyon Via Ferrata.

  1. Frank says:

    bookmarked!!, I love your website!

Beautiful Homes in Heber Valley

By Ramon Gomez, Jr.
Mar 09, 2016

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The beautiful Heber Valley is 15 minutes south of Park City and consists of long-term and second home buyers. The Wall Street Journal cited this area as one of the “best resort value communities”. The Heber Valley offers breathtaking views of the nearly 12,000 foot Mt. Timpanogos and has the Jordanelle Reservoir to the North and Deer Creek Reservoir to the south, both offering a wide variety of water sports including fishing and boating. To the west of the Jordanelle Reservoir, is the base of the Deer Crest gondola allowing access to the Deer Valley resort without having to drive into Park City. Heber Valley is a golfers dream with over 100 holes of golf at the Wasatch Mountain State Park, Soldier Hollow, Quarry Springs, and the private gated community of Red Ledges. The Heber Valley has a newer high school, library, senior center, horse back riding, free concerts and a new fairground arena for Friday night rodeos.

In the Red Ledges Gated Golf Community we have a beautiful home with stunning views of the Mt. Timpanogos mountain range and sits on the new Jack Nicklaus Signature short course - 1075 N Chimney Rock Road is 4,801 sq feet with  4 bedrooms and 6 bathrooms.

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This amazing newer construction home has a floor plan that boasts a main floor master, large gracious great room, large covered deck, a gourmet kitchen, an office, main floor laundry, and Costco Room. The lower level walkout provides privacy with views, 3 bedrooms (2 have ensuite bathrooms), a nice family room, wet bar, and a large storage room. The outside is gorgeous with a gas fire pit, plumbed for gas BBQ upstairs and downstairs, and soft landscaping surrounding the residence. It is prewired for security, media, and generator; and has an over-sized garage with hose bibs, sloping floor and is plumbed for heat.

Our website allows you access to everything on the market in the Heber Valley.

Park City Stats Review

By Ramon Gomez, Jr.
Feb 10, 2016

IMG_4853Last week we touched briefly on real estate stats in Park City and I wanted to share some more about the local market. Rick Klein provided our team with  informational graphs reflecting the 2015 real estate market in the Greater Park City area and we would like to share some with you. The  Berkshire Hathaway HomeServices Utah Properties 2015 Market Report is also now available and covers both Summit and Wasatch County.

The stats in this first graph reflect that closed sales show a slow, but consistent increase starting in 2009 with a 23.6% increase in home sales from 2012 to 2015. (Condos are in purple, Single Family homes are in pink and Vacant Land is in yellow)Chart 14 for Blog.jpeg

 

 

 

The next graph reflects the local Condo market showing prices in our current market versus the high and low points in the market between 2008 to 2015.statsblog2

 

 

 

The following graph reflects the Single Family home market showing prices in the same way as the graph above with current market numbers versus the high and low points in prices between 2008 and 2015.

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Overall, the last 12 months of residence prices in the Greater Park City area are 6.1% over the residence prices in 2014 and 14.7% over the residence prices in 2013.blog4.jpeg

 

 

 

As our market continues to grow, Park City keeps finding its way into the news with The Dallas Morning News recently postingGo big: Ski Utah's mega-resort  which shares our local Waldorf Astoria's recent four-star rating by Forbes.  Utah as a whole has also been in the news as Fodor's Travel rated Utah the Top Destination in the World to Visit in 2016. And even though Sundance has come and gone for 2016 here are the winners as shared by Kate Erbland of Indiewire.

If you would like more information on the stats above or any of the information we have shared today remember that we are just a click or call away and our team is here to help you with all your real estate needs.

Property Prices Rise in 2015

By Ramon Gomez, Jr.
Jan 28, 2016

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The year-end statistics reported by the Park City Board of REALTORS® indicated a consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties. Click on the highlighted neighborhoods below for a short video about that community and check out the latest

 
 
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