Posts Categorized: Park City Real Estate Updates

Will an Interest Rate Increase Affect Park City Real Estate Inventory?

Interest rate increase for mortgages has been an especially hot topic since they reached historic lows a few years ago. This drop was initiated by the Federal Reserve following the recent global recession to support the recovery of the economy and housing market. But with recent indicators pointing to an improving economy, experts have have started… Read more »

2145 Bear Hollow Drive – Aerial Drone Video

Certain properties demand a higher level of exposure due to their architectural features, lot and view corridor. 2145 Bear Hollow Drive in Park City is one of these exceptional homes. Located on 2.7 private acres, this hideaway in the aspens is located on a rarely-to-market Cedar Draw Estates lot in Sun Peak. Please view the aerial… Read more »

Another Success in the Bear Hollow Neighborhood

House in Bear Hollow neighborhood sold in 4 days within 1% of asking! Christine’s listing at 5534 Cross Country Way in the Bear Hollow neighborhood is a great example of our current market conditions in Park City. This four-bedroom, 3,000+ square foot home priced at $619,000 came on the market on a Friday and was… Read more »

July Park City Real Estate Market Update

The summertime sales season has begun and the Park City Real Estate market is robust. Inventory has increased slightly, but the quality properties are going under contract in the first few days on the market with multiple offers. The lesson here, for buyers, is to get pre-qualified and have a dedicated agent who knows the… Read more »

Q1 Market Results Indicate Low Inventory, Rising Home Prices in Park City

When folks talk about real estate, certain clichés (location, location, location) come to mind. For buyers wanting to purchase in Park City, its coveted location is creating a situation where fewer houses available for purchase can create a challenge for prospective buyers as low interest rates create increased competition for the few properties available. According… Read more »

Press Release: Reflections on the 2013 Park City Real Estate Market

Photo courtesy of Michael Skarten. Our most recent statistical release reflects on 2013: inventory is dramatically down, home prices have risen, and distressed properties account for less than 3% of our Park City real estate market. “2014 is poised to be another positive year for real estate”, according to Rick Klein, private mortgage banker. Call… Read more »

The 10 Commandments of Good Real Estate Marketing

Our unsurpassed marketing team at Summit Sotheby’s in Park City recently gave their agents some valuable advice in the form of the following Ten Commandments for real estate marketing. The most important in my business is #3: “Thou shalt put the needs of thy customer first.” I think my clients would agree and that is… Read more »

2013 Park City Utah Real Estate Market Recap & 2014 Predictions

Though the official fourth quarter (Q4) report from Summit Sotheby’s will not be ready until after December 31, it is possible to provide a snapshot of the Park City real estate market for 2013. I am proud and grateful to report that 2013 was, personally, a very successful year, with more than 30 home closings… Read more »

Press Release: 2013 Park City Real Estate Market

I’m posting this press release from the board of realtors for your information about the 2013 Park City Real Estate Market. Let me know if you have any more questions by contacting me. – Christine Click here to download the original press release: Q3 2013 Park City Real Estate Market PRESS RELEASE FOR IMMEDIATE RELEASE:… Read more »