We are conducting business, just not business as usual 

Even before concerns of the corona virus hit the market, mortgage rates were down compared to a year ago, creating a more advantageous position for buyers. In the face of COVID-19, the greatest challenge facing the market is still the lack in inventory. Before the virus, the market was already competitive, but with more sellers deciding when to list given the circumstances, the gap is widening. However, as of right now, we are still seeing plenty of market activity.

Here's what we're seeing:

•         Mortgage Rates Are Near All-Time Lows
•         Listing inventory is rising but still low

   Considering listing? There are still active buyers (let's talk)

•         Under

…

With 2020 one day away, experts and forecasters have issued many market predictions, aligning on certain points, but diverging in opinion on others. Below is a snapshot:

Home-Building
Although homebuilders maintain optimism, buyer demand is stronger, and analysts are divided on whether inventory is meaningfully rising. For 2020, the National Association of REALTORS® expects 10.6 percent more housing starts (multifamily and single-family), while realtor.com® researchers forecast a 6 percent increase in single-family starts. On the flip side, the Urban Land Institute projected single-family starts to tumble 4.7 percent. According to Census data, construction in November spiked—an encouraging indicator.

Home Prices
After a cooling-off period, home

…

Curious about the current real estate market stats for Park City and the surrounding areas?  Look no further than the Wasatch Back Third Quarter Market Overview !  See what prices and inventory are doing in your area and then contact us for more detailed information as each neighborhood is different.  

The 2019 second quarter Wasatch back real estate market overview is out and it is a great way to see what is happening currently with our real estate market.  It is divided into 5 areas: Park City limits, Synderville Basin, Jordanelle, Heber Valley, and East Summit County.  As you will see from the report almost all markets values have increased in all areas.  Please reach out to us for detailed information on any area you may be looking to buy or sell in.  Click the link below to view the report:

2nd quarter Wasatch Back real estate market overview

 

The 2019 First Quarter Park City and Heber Valley Market Report is out and it provides a great overview of the Summit and Wasatch County real estate markets.  Prices did rise slightly in almost every area, including Park City Limits (this includes the Deer Valley area), Synderville Basin, Heber Valley, and East Summit County.  Please remember that these areas are highly segmented, even though just a few miles apart, Deer Valley and Thaynes Canyons area vary greatly in price and what is available.  Please reach out to us for a detailed look at any areas you are looking at or currently reside.  

 

 The 2018 Annual real estate market report for Park City, Synderville Basin, Jordanelle, Heber Valley, and East Summit County is out!  This report will show how the real estate market has performed in 2018 compared to years prior in each area.  It is divided into single family home sales, condo/townhome sales, and vacant land.  Overall single family home median and average price was up in every area for 2018.  Please contact us with questions as each area specifically in Park City is very segmented and may vary from subdivision to subdivision.  

 

The 2018 Second Quarter Wasatch Back Market Overview is here. Get all the details on real estate stats for Park City Proper, Synderville Basin, Jordanelle Area, Heber Valley, and East Summit County.   For the digital online version, go to https://joom.ag/ujUY. Please contact us for specific information about any of these areas.  

The population of the U.S. is growing and so are many states, and Utah is the fastest growing state in the Nation!  With all this growth housing needs are growing.  See more from this article in Realtormag.com:

Growing States May See Housing Boom

The 2017 Year End Wasatch Back Market Overview is here. For the digital online version, go to http://joom.ag/ozVL.