Park City Real Estate Blog

Park City Real Estate Best Buy Of The Week: Windrift Condo Central To It All!

By Diana
Mar 24, 2017

Our Park City real estate best buy this week is a newly listed Windrift condo that is central to all that Park City has to offer.  This Park City condo has been completely remodeled with new kitchen, bathrooms, carpet, and hardwood floors.  It is move-in ready and is the ideal location right next to a stream and walking/biking trails.  It is close to grocery stores, shopping, Old Town, Deer Valley Resort, and Park City or Canyons ski area.  The free Park City transit system also has a stop just a short walk away.  It is also on the end of a cul-de-sac so you get privacy and some views.  There is also a community pool for use in the summer and tennis courts.

This condo has a large deck from from the living room area then another deck off the the two bedrooms on the main level.  There is an amazing upper level bedroom with a skylight and it's own bathroom.  The large vaulted ceilings in the living room area and gas fireplace makes the place feel warm and open.

This the only condo under one million listed in the Park Meadows area.  With the location and beautiful remodel this won't last long.  Give us a call today to schedule a showing or to find out more about Park City real estate. Click the link below to see the price and more photos.

Park City Condo Best Buy

*Photo courtesy of Coldwell Banker Newpark

windrift bathroom Beautifully remodeled bathrooms you must see!

Craig & Delia Reece, "The Reece Team" Honored As Part Of Berkshire Hathaway HomeServices Annual Awards

By Diana
Mar 21, 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 was the 3rd highest sales office in the network.  That is quite the feat given that Park City competes with offices in big cities like New York, Los Angeles, and Chicago!

The Reece Team was honored to be presented with the “25 Year Legend” award which means we achieved the Chairman's Circle award for 25 years.  To receive a Chairman's Circle award you must have $280,000 total GCI or 50 residential units or above.  A more prestigious award was earned by the “ Reece Team” as they were ranked #42 in the top 100 Agents and Teams in dollar volume for 2016 for all of Berkshire Hathaway HomeServices which includes 50,000 real estate agents nationwide.

We work hard every day to make sure our clients are getting the best service and knowledge when it comes to buying or selling a home.  Please get in touch with us today for help with you real estate needs in Park City or Deer Valley.

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Current Real Estate Market Conditions

By Diana
Mar 20, 2017

Below is a current overview of the market provided by our company Berkshire HomeServices - Utah Properties and the trends we expect to see in real estate this year. Reach out for more in-depth information on your neighborhood.

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.

JOB 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.

PRICES 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.

KEY 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. We will continue to track and monitor the market to keep our clients informed. To get a more detailed profile of your local market, contact us. 

Park City Weekend Events March 17-19

By Diana
Mar 17, 2017

With record highs this weekend in Park City it will be a great time to be outside exploring the town.  Don't worry with the large snow base you can still ski but be sure to wear your sunscreen and layers to peel off!  Here are just a few of the fun things to check out this weekend in Park City:

Salvador Dali at Old Towne Gallery - The Old Towne Gallery at 580 Main Street will have the work of Salvador Dali on display through the weekend.  Madame Christine Argillet, daughter of Salvador Dali's publisher Pierre Argillet will be there from 7-9pm on Friday, 11am-7pm on Saturday, and 1-3pm on Sunday to give personal tours of Dali's "The Argillet Collection."  The tour is free but you must RSVP by calling 435-655-3910.

Terrance Simien & The Zydeco Experience - Terrance Simien & The Zydeco Experience will play on Friday and Saturday at 8pm at the Egyptian Theatre on Main Street.  Terrance Simien is a two-time Grammy Award-winning artist and eighth-generation Louisiana Creole, and one of the most respected American roots musicians.  Tickets range from $23 to $35.

Ballet West at the Eccles Center - Park City Institute will present Ballet West on Saturday at 7:30pm at the Eccles Center for Performing Arts.  The world-renowned Salt Lake City based ballet company will present its new program, "Works from Within." Tickets range from $29 to $79.

matisyahu Matisyahu will be at Park City Live Saturday!

Matisyahu - Matisyahu a musician famous for his uplifting reggae and hip-hop music is coming to Park City Live Saturday night.  Doors open at 8pm and tickets can be purchased by going to www.parkcitylive.net.

Have a wonderful weekend in Park City!

 

 

Deer Valley Specialist Real Estate Tip: What Home Inspectors Look For

By Diana
Mar 16, 2017

Our Deer Valley Specialist real estate tip this week centers around what home inspectors look for in a home.  It is almost guaranteed that when a Deer Valley home goes under contract the buyer will get a home inspection.  It is a very important piece of part of the home buying process and good for seller and buyer to know what inspector do.  A Park City inspector here in town Doug Farmer with Pillar to Post gave us this list to go by:

Structural Components

A home inspector climbs onto the roof, pokes at the foundation, and crawls into attic space looking for water condensation or penetration. Walls are examined for leakage or mold. Floor cracks are noted, as is separation from the baseboards. The ceilings, especially around electrical fixtures, must be clear of any signs of water leakage.

Exterior Faults

Close inspection of the exterior may reveal where additional caulking is needed to prevent water seepage. Broken seals on glass, deteriorating tread steps, decking and settlement cracks are a few of the items that require professional repair. Even the garage door is tested whether it's electronic or manual.

Roofing

The roof is examined closely for loose shingles or tiles, and the flashing is tested for tightness. Tree limbs touching the house provide a passageway for rodents and also can threaten the house during violent storms. Gutter debris is noted, and all drains are tested for a tight connection to the house. Skylights and chimneys also are examined for proper sealants.

Plumbing

All piping is tested, including drains, vents and waste systems. Water ingress and egress is examined. All drains are examined for signs of leakage and mineral deposits.

Electrical

All the electrical components are examined to ensure they fit and are operating safely. Conductors, grounding equipment and distribution panels are tested for efficient operation. The location of smoke and carbon monoxide detectors also is noted in the inspection report.

Heating/Air Conditioning

The entire heating and air conditioning system is tested to verify it's in working condition, and the appropriate filters are examined for accumulation. Supply pipes are examined for corrosion. Chimneys must be clear of bird nests, and the chimney frame, whether it's brick or made of other components, is to be sound.

Insulation/Ventilation

Attic crawl space insulation and vapor retarders are noted on the inspection report. All venting fans that aren't working also are included. Under-floor insulation, if accessible through the basement, also is examined for deterioration.

Interiors/Appliances

Doors, floors, stairways, counters, cabinetry, and the windows are all cited on the inspection report along with notes on any items that don't function as they should. This also includes testing of all interior appliances that are built-in.

HomeInspection

ColeSport Winter Blowout Sales Starts Tuesday March 14th!

By Diana
Mar 13, 2017

It is that time of year in Park City when ski shops begin their big winter sales!  One of the biggest and well known is ColeSport's blowout sale with winter equipment, clothes, and shoes up to 70% off!  Colesport has 4 locations in Park City.  Here are the details on the sales, get there early because things go fast!

Park Avenue Store (1615 Park Ave) sales begins on Tuesday the 14th from 7-10pm

Park City Resort Center (Ice Rind level) sales begins Tuesday from 5-8pm

Bazooka's Freeride Shop (PC Resort Center) sales begins Tuesday from 5-8pm

Deer Valley (Silver Lake Village) sales begins Wednesday from 8am

Good luck on scoring some great gear!

colesport park City Colesport's largest store is at 1615 Park Ave

Just a Few Days Left To Save Bonanza Flats

By Diana
Mar 09, 2017

There is only one week left to save Bonanza Flats a 1,350-acre parcel rich in scenery, wildlife and wildflowers along Guardsman Pass.  This 1,350-acre swath of land is visible from the top of the Empire lift at Deer Valley or the McConkey’s lift at Park City. It is known for its Aspen groves, alpine lakes, and iconic peaks of the Central Wasatch Mountains.  There is many trails to enjoy hiking, biking, cross country skiing, and snowshoeing.

While Park City Municipal has pledged to put up the majority of the cash needed for the purchase ($25 million) after residents voted overwhelmingly in favor of doing so, the balance of the $38 million purchase price is being raised by a coalition of 11 nonprofits with the help of government and public agencies.

Of the $38 million dollars necessary to make the purchase and preserve Bonanza Flats, Park City has already ponied up $25 million, Summit County has pledged an additional $5.75 million, and the nonprofits have raised $1.5 million. (Salt Lake City has also promised to help, but with how much remains to be seen.) That brings the grand total so far to $32.25 million, meaning that $5.75 million is still needed to save this pristine piece of land. What has always made Park City special is the wealth of opportunities for hiking, biking, skiing, snowboarding, and the myriad of other ways we get into the outdoors, particularly the backcountry, to play. At the end of the day, Bonanza Flats is about preserving what makes Park City and Utah special and giving everyone access, including all the four-legged and winged creatures who call it home. This is your opportunity to make a real difference at home, so what are you waiting for - make your voice heard by donating to Save Bonanza Flats and spread the word!

Guardsmans A view of Bonanza Flats from Guardman Pass in the Fall. Photo by Craig Reece

 

Utah Home Prices Set To Increase Along With Rising Interest Rates

By Diana
Mar 08, 2017

Utah home prices have been on steady climb for the past few years, and things don't look to be changing.  Even with the predicted rising interest rates coming, demand is high and supply is low so that means buyers may have to adjust their expectations while searching for their dream home. The rise in housing prices is happening nationally but even more so in Utah which has a strong economy.  Part is due to the number of people moving to Utah.  There was a 40 percent increase in people moving to Utah from 2015 to 2016!  The number of people moving here is expected to be even bigger in 2017.

Contact us today to find out more about the current real estate market here in Park City.  Read the full article from KUTV concerning increasing home prices in Utah here:

Utah home prices to keep going up

lookout bath Beautiful master bath in our listing at Lookout at Deer Valley

Deer Valley Powder Day March 6, 2017

By Diana
Mar 07, 2017

It was a treat to get some early March powder skiing at Deer Valley.  As you can see form this little over 60 second video there were not many people on the mountain. More powder for us!

 

Deer Valley Real Estate Tip Of The Week: Easy Updates To Help Sell Your Home

By Diana
Mar 06, 2017

Our Deer Valley real estate tip this week are some quick and easy fixes to help Buyers appreciate your home and make it more sell-able.  Buyers can notice the smallest things which can then make them less focused on the good things about a home.  Here are some easy tweaks to make showings go smoothly:

Clean/Replace Blinds:

Dirty blinds are an eyesore, and you can easily clean them with a damp cloth. Broken blinds are easy to replace, and make a huge visual difference. Even knotted-up strings, missing wands and crooked hardware can turn off potential buyers. They see the replacements necessary as the result of poor maintenance. Make it easy for them by running to your local hardware store and grabbing some replacement blinds.

Squeaky Doors and Drawers:

Potential buyers will cringe at the sound of a squeaky door or drawer that you’ve totally tuned out. Grab a $7 can of silicone spray from your local hardware store, and spray down all door hinges and drawer tracks.

Expand the Space:

Moving furniture to the edges of a room is an easy fix for making areas seem larger. Hide extra furniture such as ottomans and side tables that crowd areas, and move furniture to the outsides of the walls and rugs. Open blinds and windows to bring in more natural light and visual space. Replace family photographs and artwork with mirrors to reflect light, as well.

lighbulbsMake Sure All Lightbulbs Work:

Sometimes closet light bulbs, hallway sconces and other little-used light fixtures get overlooked for dead lightbulbs. You may even have to drag out the ladder for tall fixtures, but buyers check every switch, and the difference in lighting will be noticeable. A dead lightbulb is most likely the cause, but potential buyers may think worse electrical problems are at hand.

Corral All Seasonal Decorations:

Your eyes probably don’t even see the off-season string of lights in that tree or the unlit Rudolph hiding in the scraggly bushes. But buyers will, so pack up the outdated seasonal touches or throw them out. Even in-season decorations should be kept minimal and easily removable. Dead mums, old pumpkins, past-prime wreaths and garlands all need to be composted or dumped.

Check the Front Door:

Most of us don’t use our front doors on a regular basis, so it can become an overlooked area. Make sure the surrounding area is swept and the doorbell works. A new, plain doormat or shiny door knocker can make a nice first impression for buyers.

Freshen the Air:

A quick odor-eliminating spray (an unscented spray that eliminates odors) around the house can keep odors at bay. Candles or any scented spray can set off allergies and only mask odors instead of eliminating them.

*Excerpts of this blog were taken from Zillow.com

 

 
 
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