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Park City Real Estate 3rd Quarter 2009 Sales

10-18-09

Todd Anderson: Real Estate Agent in Park City, UT

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Office: (435) 901-1417

Mobile: (435) 901-1417
Secondary: (888) 968-4672

With the end of September comes the end of the summer selling period as Park City, UT turns toward the upcoming ski & snowboard season. This also tends to mark a change in the real estate buyer profile as Buyers become more interested in ski and snowboard related resort properties.

A look back at the year to date reveals a lot of what we suspected; things were rough in the real estate world and Park City / Deer Valley were no exception. Sales in Park City totaled over $355M on a volume of just under 400 units (sales statistics counted include single family homes, condominiums, and vacant land in the 84060 and 84098 zip codes as reported by the Park City MLS). These numbers represent a 35% unit volume and 40% dollar volume drop versus the same period last year. The current lack of new product (developer) sales has a large impact on these statistics; in 2008 over 70 sales can be attributed to 2 new developments - Silver Star and Newpark Hotel. For the same quarter in 2009, the top 2 selling new developments Dakota Mountain Lodge and Escala (both at The Canyons Resort) account for just over 25 sales. This goes to show that the statistics while being one measure of the market do not necessarily tell the whole story.

Many Park City REALTORS® will tell you that they are very busy right now. There is definitely a "feel" that things are turning around. Most agents are dealing with many clients that are beginning to believe that the worst is over and that the Park City and Deer Valley markets have reached, or are close to the bottom. The YouInParkCity.com Group feels that this is true in some instances and not in others. The most recent quarterly statistics were flat compared to 2008 and this may indicate that things are turning around.

Some cities nationally are showing signs of turning around and as peoples' home markets strengthen; resort vacation properties will become more appealing which should make Park City home and condominium prices rise.

If you are in the market for a strong value in the Park City and Deer Valley area, the time seems right. But we always encourage buyers to purchase for the experiences, memories and lifestyle that accompany a home or condominium in this area we consider paradise.

For more information regarding specific Park City Real Estate areas and statistics contact a YouInParkCity.com professional.

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Funny Ski Videos, Ski Utah, Debbie Aldrich 801-870-0606

10-15-09

Debbie Aldrich Salt Lake City Realtor Salt Lake County, Cottonwood Heights

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Office: (801) 858-0000

Mobile: (801) 870-0606

Funny Ski Videos, Ski Utah

Dust off those skis, get those legs in shape, try on the ski suit and lets have some fun!! And if you decide to stay awhile we'll sell you your own mountain bugalow. So what are you waiting for start thinking snow! Call Debbie Aldrich.

The Scanners Skiing Video

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The Chateaux at Silver Lake

10-09-09

Rob Harris

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Office: (435) 640-7582

Mobile: (435) 640-7582

The Chateaux at Silver Lake in Deer Valley is a fantastic option for people who are considering the purchase of a condominium in Deer Valley and want the potential for rental income. The home owners recently signed a contract with the Stein Eriksen Lodge to manage the property which, in my opinion, makes the future even brighter.

When a client is interested in generating rental income one of the key factors I look for is the ability for a property to generate revenue on a year round basis. Obviously the Chateaux at Silver Lake's location at mid mountain in Deer Valley generates winter revenue. But what about the spring, summer and fall? With over 9,000 square feet of meeting space the Chateaux has the ability to attract meetings, weddings and other special events throughout the year. Contracting with the Stein Eriksen Lodge will go a long way toward enhancing the perception of the Chateaux in the mind of meeting planners. Convention services, banquets and room standards will all go up a notch. Under the watchful eye of the Stein Eriksen staff the Chateaux's impressive amenities and services which include a large atrium lobby, on-site check-in, evening turndown service, concierge and bell services, complimentary wireless service in each guest room, outdoor heated pool and hot tub, fitness center, specialty shops, underground parking and a gourmet restaurant and lounge will all shine a little brighter.

Another asset that the Stein Erikson Lodge brings to the Chateaux is an experienced sales and marketing team. These people have been working for years developing relationships with groups that appreciate what Park City and Deer Valley have to offer and demand the high level of service and attention to detail that Stein's provides. This group will hit the street running and should have an immediate and positive impact on rental income for those fortunate enough to own a condominium at The Chatezux at Silver Lake.

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Utah County Home Buyer Representation - Utah Home Loans

10-07-09

Robert A. Hulme Realtor, Loan Officer Utah Homes

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Office: (801) 763-1001

Mobile: (801) 885-2586

Utah County Home Buyer Representation

Benefits of Using a Utah County Buyer Agent

When you call for more information about a Utah County Listing you have seen, you will typically be referred to the seller's agent or someone else who represents the same real estate company. They can answer your questions but can't give you advice or opinions on the property and they can't be on your side during negotiations to get the best price on the property. The reality is they may try but then they are going to have conflicting interests. They have a contract with the sellers of the property you are interested in and must act in their best interest at all times.

How does a Utah County Buyer Agent get paid?

When a seller contract with an agent, they agree to pay a commission to the agent for selling the house. The typical percentage is 6% (3% for the Seller Agent and 3% for the Buyer Agent) of the selling price. If they sell the house without another agent involved, they get all 6%. However if a buyer's agent is involved, they split the commission. At closing, the listing agent is paid 3% and then pays the buyer's agent the predetermined percentage of the commission.

When deciding if you want to utilize a Utah County buyer's agent, keep in mind that you pay nothing, regardless if you utilize one or not. However, it is very likely that you will pay more for the house and closing costs if you rely on the seller's agent for information and advice.

Utah County Home Buyer Agent Guarantee

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Why Choose a Utah County REALTOR® With a GRI designation? - Utah Home Loans

10-04-09

Robert A. Hulme Realtor, Loan Officer Utah Homes

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Office: (801) 763-1001

Mobile: (801) 885-2586

GRI - Graduate Realtor Institute

Why Choose a Utah County REALTOR® With a GRI designation? - Utah Home Loans

Buying Utah County property is a complex and stressful task. In fact, it's often the biggest single investment you will make in your lifetime. At the same time, Utah County real Estate transactions have become increasingly complicated.

New technology, laws, procedures and the increasing sophistication of buyers and sellers require real estate practitioners to perform at an ever-increasing level of professionalism.

So it's more important than ever that you work with an agent who has a keen understanding of the Utah County Real Estate business. The GRI program has helped the best and the brightest in the industry achieve that level of understanding.

GRIs are:

Nationally recognized as top performers in the real estate industry
Professionally trained
Knowledgeable
Dedicated to bringing you quality service

A GRI can make a difference

When you see the letters "GRI" after an agent's name, you can count on receiving the knowledge and guidance you need to make your transaction go smoothly. In short, you can count on getting the best service available from a Utah County Real Estate professional.

Don't you deserve the best?

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