Blog
Spring Shows Even Fewer Existing Affordable Properties for Sale
It looks like this spring won’t be the time to find a bargain property, at least not any time soon. The number of affordable homes on the market has continued to drop this spring, leaving buyers looking for an affordable property scrambling for the few available. Home prices are still on the rise, with some... Read More
Optimistic Buyers Flooding the Market This Spring
Despite low inventory and intense competition, buyers are looking forward to spring and the market is already incredibly active as a result. Nationwide inventory is down 8.5 percent year-over-year and 35 percent of buyers are anticipating a lot of competition this spring, but that isn’t slowing them down. 60 percent of buyers believe they will... Read More
Salt Lake City Positioned to Follow Denver With “Mile High” Real Estate Market
One of the hottest real estate markets in the nation is Denver, which has dominated real estate statistics for several years. It will soon have competition, however, as Salt Lake City is prime to join Denver in the ranks of hottest real estate markets in the Mountain West and nation. Salt Lake City will see... Read More
Park City Board of REALTORS® Releases Annual Statistics
The Park City Board of REALTORS® 2017 year-end summary report shows the overall real estate market in both Summit and Wasatch Counties to be steady, healthy, and growing sustainably. With 84% of single-family home sales in 2017 occurring outside of Park City limits, it is clear that primary home buyers in Utah are looking more... Read More
Vail Resorts Searches for Developer in Early Move Toward Enhanced Base Area
The Colorado-based owner of Park City Mountain Resort, Vail Resorts, is currently in the early stages of looking for a developer to see its vision for an enhanced base area come to fruition. Vail Resorts has looked to CBRE Group, Inc., a commercial real estate firm, as well as IMI Worldwide Properties for assistance in... Read More
HCP Represents Buyer in Utah’s First Bitcoin Real Estate Transaction
Bitcoin is a term shrouded in mystery: what is it, exactly? Is it legal? What can you do with it? How is its value determined? All of these questions and more were recently answered when High Country Properties’ own Bob Struwe represented a buyer in Utah’s first, and one of the nation’s largest, Bitcoin real... Read More
2017 Q3 Statistics From Park City Board of Realtors®
October 20, 2017 – The Park City Board of REALTORS® has released year over year quarterly statistics for Summit and Wasatch Counties. The overall real estate market continues to be healthy, stable, and growing at sustainable rates. The number of single family market transactions and the median sales price grew at 7% and 7% respectively... Read More
Millennials, Emerging Gen Z, Redefining Home-Buying Standards
Each generation has their own take on the home-buying experience as each generation faces unique challenges to achieving the American Dream of owning a home. Despite the standard set by baby boomers, millennials are changing the rules and doing it their own way. Only 39 percent of millennials submit offers with the recommended standard of... Read More
New NAR Report Shows Buyers, Sellers Stuck in Neutral
Even with buyer and seller confidence at a record-breaking high, a new survey from the National Board of REALTORS® (NAR) shows that there are few sales to show for it. Buyers and sellers both responded to NAR’s Housing Opportunities and Market Experience survey with record-breaking confidence; 80 percent of homeowners believe now is a great... Read More
Deer Valley Sale: Development Rights and Plans to Remain
Deer Valley Resort, the pinnacle of luxury skiing in the Western United States, recently made nationwide news after the resort sold to a currently un-named startup in the ski industry with 12 unique holdings throughout North America. While the slopes were the main focus of the acquisition, development rights approved decades ago are also now... Read More
Homeownership Outpacing Rental Market
At 63.7 percent, the homeownership rate is almost a full percentage point up from last year at this time, according to the U.S. Census Bureau’s Quarterly Housing Vacancies and Homeownership report. With homeownership ahead of renter households for the first two quarters, it is clear that the trend toward owning a home is not a... Read More
High Asking Prices Aren’t Scaring Buyers Away
Even with record breaking asking prices nationwide, home sales are still on fire this summer. Listings are moving 6 percent faster than they did in July of last year. In July, princes were 10 percent higher than one year ago, with the national median sale price at $275,000 and the national median days on market... Read More