Park City Real Estate News

Found 48 blog entries about Park City Real Estate News.

The Millennial Effect
Published in the Park Record's Home Magazine, pages 54-59
By Beth Rinehart

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

Many Millennials

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Berkshire Hathaway HomeServices announced the winner of its “Love Your Home” Sweepstakes held in conjunction with HGTV and its popular Good Bones home-renovation show. Aaron Zimmerman, a Sandy, Utah resident, was drawn for the $50,000 grand prize from nearly 5.7 million sweepstakes entrants. The sweepstakes also generated 12 weekly winners of $2,500 apiece. 

The entrant total set a record for Berkshire Hathaway HomeServices sweepstakes held in conjunction with HGTV, and was 77% above last year’s sweepstakes registrations. “This is a life changer for me and my family,” said Zimmerman, who with wife Kathryn is raising a 4-year-old son in the suburbs south of Salt Lake City.

The Zimmermans want a home with a big backyard for their son, who has moderate

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At Berkshire Hathaway HomeServices Utah Properties, we strive to provide the most accurate information on current market conditions for our clients. Whether you are looking to buy or sell, contact one of our real estate professionals for guidance in navigating our marketplace.

Q2 2017 Wasatch Back Market Report

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Enclave at Sun Canyon is a community of 33 luxury town homes and four custom homes intrinsically designed to blend with their natural surroundings.  Constructed of stacked stone, floor-to-ceiling glass and a combination of grass and metal roofs, these luxury residences just minutes from the Canyons Village at Park City Mountain, have been designed for indoor/outdoor living and feature spectacular canyon views. The sales momentum at Enclave at Sun Canyon continues. With limited inventory and second phase Tree Residences almost complete, now is the time to call, preview the Enclave model and purchase your unique mountain sanctuary surrounded by aspens and pines.  Drop by our open houses from 1:00 PM - 5:00 PM every Thursday to Sunday or call for a

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Summit and Wasatch counties are destination locations among golfers, and the number of vacant land and single family home sales in our golf communities gives strong evidence of this trend. With over 300 sales in the past twelve months in Glenwild, Promontory, Hideout, Tuhaye, Red Ledges, and Victory Ranch, buyer demand remains strong and will likely continue, especially during the summer months. With a wide array of price points, new build options, and ample community amenities, it's no wonder that many second home buyers are investing in these neighborhoods.

With courses now open, make the most of our local golf opportunities and explore your living options in these highly sought after micro-market areas. Reach out for more information on our

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Overview

According to the Park City Board of Realtors: The number of closed sales for the first quarter of 2017 in Summit and Wasatch Counties was the highest we’ve seen since 2007 – up 20% over 2016. Q1 also saw the highest number of pended sales on record. Additionally, there was a 26% increase over the previous year in total dollar volume. Growth continued to morph, and expand, encompassing outlying communities in the Wasatch Back as the entire market area was pushed to new peak levels.

Single Family Home Market

Micro-markets developed and shifted as low inventory affected the activity in certain neighborhoods. The median price surged upward where the supply was limited, and conversely, the number of sales surged upward where a

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Located in the beautiful town of Midway, Village Green borders the acclaimed Homestead Resort and Golf Course, which has won “Best in State” several times. Townhome plans include rustically handsome single-family homes and townhomes that blend seamlessly with the surrounding Wasatch Mountains and offer modern comfort in one of "America's Best Small Towns", according to Forbes Magazine. With golf, fishing, hiking, and horseback riding just out your backyard, and the Uintas a short drive away, this community offers it all. Prices start at $526,000. 

To learn more about this development, visit www.villagegreenmidway.com.

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

New condominium projects continue to boast

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A HEARTFELT THANKS TO OUR CLIENTS

Berkshire Hathaway HomeServices Utah Properties received numerous brokerage, office, team, and individual awards at the annual Sales Convention in Phoenix, Arizona on March 14th, 2017. Utah Properties was celebrated as the 12th highest performing brokerage while the Park City Office the 3rd highest sales office was 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 our entire Utah team. I look forward to continuing to excel as a brokerage in support of our diverse client base.” 

Thank you. At the end of the day, our clients are the motivation and backbone

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BERKSHIRE HATHAWAY HOMESERVICES UTAH PROPERTIES NAMED 12TH HIGHEST PREFORMING BROKERAGE, PARK CITY OFFICE NAMED #3 HIGHEST SALES OFFICE, AMONG OTHER TEAM AND INDIVIDUAL AWARDS

SALT LAKE CITY, UT – MARCH 20TH 2017 – Berkshire Hathaway HomeServices Utah Properties received numerous brokerage, office, team, and individual awards at the annual Sales Convention in Phoenix, Arizona on March 14th, 2017. Utah Properties was celebrated as the 12th highest performing brokerage while the Park City Office the 3rd highest sales office was in the network. Notable team and individual awards included Chin MacQuoid Fleming Harris as the 8th highest producing team, Carol Agle the #8 Agent, and Jan Wilking the #1 Commercial Agent in the network. Additionally, both the

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