Blog

Happy Thanksgiving

By Ramon Gomez, Jr.
Nov 20, 2018

Judy and I would like to wish you and your families a very Happy Thanksgiving. We are truly grateful for our family, friends, clients and cohorts who make this life great.

This week we wanted to share the amazing listings we are currently offering as well as some ground braking news in town.

 

2351 W RED PINE COURT

Single Family -Park City, UT

Canyons Village 10 Area

5 bedrooms, 7.00 bathrooms

7500 square feet, 1.07 acres

 

1252 W WINTERCRESS TRAIL 30E - Condo -Heber City, UT

Deer Mountain 25 Area

3 bedrooms, 3.00 bathrooms

2668 square feet, 0.00 acres

 

8065 Glenwild Drive

Land

Park City, UT 84098

Glenwild 18 Area

0.89 acres

 

 

 

1306 PRESERVE DRIVE

Land

Park City, UT 84098

Glenwild 18 Area , 10.04 acres

 

7328 PINE RIDGE DRIVE

Park City, UT 84098

Pinebrook 15 Area

5 bedrooms, 6.00 bathrooms

5015 square feet, 0.36 acres

 

 

 

 

 

 

PENDING - 3000 CANYONS RESORT DRIVE 3503B

Park City, UT 84098

Canyons Village 10 Area

1.00 bathrooms, 360 square feet

 

 

NEWS - Gorgoza Park is transforming to Woodward Park City - sourced from SkiUtah. Woodward Park City recently broke ground at the former Gorgoza Park location. Woodward Park City will bring a world class facility that connects sport, community, and culture with youth inspired programming in one of the greatest outdoor regions in the world.

Woodward Park City will offer a playground for progressive sports experiences for residents of the Wasatch and destination visitors. Programming will provide sports and recreation opportunities including year round daily sessions, seasonal options, and multi-day camps.

The 125-acre campus will include day and night lift serviced snowboarding and skiing, terrain and skate parks, biking trails, tubing, and an indoor training facility for a dozen plus sports, including skateboarding, BMX, mountain biking, cheer, snowboard, and ski. The indoor training facility will be roughly 52,000 sq. ft. and built with a dedication to protecting where we love to play through sustainable investments in solar energy, a green roof, and the use of recycled materials.

Current Market Conditions

By Ramon Gomez, Jr.
Mar 15, 2017

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

WE ARE IN THE BEST STATE FOR BUSINESS

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

 

Utah GrowthJOB GROWTH MEANS HOUSING GROWTH

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

 

Utah PricingPRICES AND DEMAND ARE GRADUALLY RISING

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

 

Utah Days on MarketDEMAND IS AT AN ALL TIME HIGH

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

 

Utah ProjectionsKEY TAKEAWAYS

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

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