Only a 5% Chance Real Estate Prices Will Fall…
Last week I attended a real estate conference where the keynote speaker reviewed the national real estate market. Traditionally, real estate has appreciated about 4% per year over the last 50 years. Based on that trajectory, the median price for a home should have been $219,000 in 2011, but the price was $166,000. That means [...]
Top Countries for International Buyers
Did you know that international buyers are investing in the US because they want to raise their families in a safe place and have a stable place to invest their money? Find out the top countries for international buyers in this video…. IMG_0546
Cute Income Generating Condo-Only $63,500
I have to tell you about my new listing that is not yet on the MLS. Priced like a bank owned condo, my seller’s loss could be your gain. I know people who have monthly AMX bills larger than the price of this condo, which is rented for $1100/month! It’s a 1-bedroom, 2-bath unit located [...]
What Would You Do?
Looking at the numbers above, when is the best time to buy property in Park City? I’ve been writing about how today is a great time to buy property because prices are down and interest rates are at record lows. These numbers tell a great story. I chose Jeremy Ranch (84098) and Park Meadows (84060) [...]
The Cost of Waiting
“I don’t have to sell. I can hold this house as long as it takes to sell it.” That is something I often hear as a Park City real estate professional. We live in a place where most sellers are not desperate or distressed. But is holding on to a property a wise strategy in [...]
Park City After Dark
After a day of skiing at one of Park City’s 3 ski resorts, Nordic skiing or snow shoeing, you have earned that great evening of food. Here are some of my favorite dining spots to indulge: Glitretind Restaurant at Stein Eriksen Lodge,Upper Deer Valley. Serving breakfast, lunch, dinner, and après ski, this restaurant never disappoints. [...]
Western Mountain Resort Real Estate – 2011 Overview
Whistler|Park City|Steamboat|Sun Valley|Vail|Big Sky|Tahoe|Jackson These are the resort areas that make up the Western Mountain Resort Alliance. Number of Active Listings. All 8 resort areas reported the number of active listings decreased in 2011. Big Sky had the largest decrease in listings at 22%. Park City had 13% fewer listings in 2011 versus 2010. Steamboat, [...]
Impressions ● Innovation ● Engagement
Impressions ● Innovation ● Engagement Those are the words which describe the Sotheby’s International Realty 2012 marketing strategy. The object is to create impressions worldwide. It’s about creating global connections and establishing true consumer engagement. It’s about leveraging exposure, innovation and international impact to showcase our listings. To create a true global impact that is [...]
Interest Rates Down but Down Payments Up
Recent home buyers are making higher down payments than buyers in the previous years due to stricter credit requirements, according to the 2011 National Association of Realtors® Profile of Home Buyers and Sellers. This annual survey by the NAR evaluates demographics, preferences, marketing and experiences of recent home buyers and sellers. The median down payment [...]
