Real Estate Information and News

Found 90 blog entries about Real Estate Information and News.

FIRST QUARTER

 

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Greater Park City Area

Single Family Homes Sold this Quarter: 180

Average Single Family Sale Price: $1.3 million

Median Single Family Sale Price: $722,000

Condominiums Sold this Quarter: 151

Average Condo Sale Price: $800,000

Median Condo Sale Price: $500,000

Wasatch County

Single Family Homes Sold this Quarter: 58

Average Single Family Sale Price: $584,000

Median Single Family Sale Price: $434,000

Condominiums Sold this Quarter: 35

Average Condo Sale Price: $429,000

Median Condo Sale Price: $355,000

Reach out for a comprehensive overview of Park City's market and your neighborhood's trends.

 

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slc

March 2016 active listings (inventory) was down 32% from March 2015; yet, pending sales are up 8% in Salt Lake City County. This trend of low inventory by high pendings has occurred consistently for the last year. Bottom line: demand for housing remains strong, and inventory remains constrained.

Utah county has slowed slightly as far as pendings and Davis County has the lowest number of listings. The county is down 45% in inventory when compared to the same time last year. Once again, Davis county has more pending deals than they do active inventory.

Weber County is showing the same signs of frantic buyer interest with inventory down 37% from March of last yet, but pending sales are up 9%.

Davis County is seeing the strongest appreciation if

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Berkshire Hathaway HomeServices Utah Properties

Press Release

Salt Lake City, Utah (April 13, 2016)—Berkshire Hathaway HomeServices Utah Properties announced today that effective now, Will Cooper has joined the firm as President, Business Development.

In this new role, Mr. Cooper will focus on growth strategies including recruiting, coaching, and training throughout BHHS Utah Properties’ market areas of Salt Lake, Summit, Wasatch, Davis and Weber Counties. “We are thrilled to have Will aboard,” commented Steve Roney, CEO and Owner of Berkshire Hathaway HomeServices Utah Properties. “His extensive background in real estate agent development along with his dynamic personality make him an incredible asset to our professionals and company.” Mr.

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Along the Wasatch front, rent is astronomically high while interest rates are still historically low; buying a home seems like a no-brainer. Yet Millennials have been slow to take on home ownership. Why the hesitation?

There are several factors: A recession which brought with it high unemployment resulted in a massive number of foreclosures that attracted real estate investors... in droves. With more rentals available and fewer homes for sale, demand for rental properties increased and with it, skyrocketing rents. In addition, New college graduates looking for higher-paying, career-oriented jobs were sidelined by high unemployment and unprecedented student loan debt limited access to credit and reduced borrowing limits.

Add it all

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Savvy agents understand that staging homes both indoors and outdoors is vitally important. Here are a few tips to help ensure that your backyard is as distinctive as what’s inside:

Create a conversation area with furniture: The area needn’t be elaborate; just two chairs pulled close together with a table between can make even the most basic concrete patio special. An outdoor eating option is even more inviting.

Remember the kids: If you have a tree house, fix it up and paint it bright colors or add sporty designs to get the attention of the kids. Just make sure the tree house is safe. Add a tire swing to a tree and have a basket of balls, toys and a jump rope so kids dragged along can play in the

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In which we provide, for your own edification and enjoyment, the latest data related to select U.S. resort markets ...

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Palm Desert, CA

  • Average Sales Price: $458,774
  • Median Sales Price: $357,042
  • % Change Median Sales Price from 2014 to 2015: -2.3%

Palm Springs, CA

  • Average Sales Price: $611,209
  • Median Sales Price: $523,291
  • % Change Median Sales Price from 2014 to 2015: 4.0%

Big Sky, MT

  • Average Sales Price: $1,067,952
  • Median Sales Price: $622,000
  • % Change Median Sales Price from 2014 to 2015: -4.4%

Bozeman, MT

  • Average Sales Price: $454,433
  • Median Sales Price: $362,000
  • % Change Median Sales Price from 2014 to 2015: 11.4%

Aspen, CO

  • Average Sales Price: $3,313,930
  • Median
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We are thrilled to announce our EXCLUSIVE relationship with 3rd Home.

3RD HOME Introduction from 3RD HOME on Vimeo.

Friends and clients of Berkshire Hathaway HomeServices Utah Properties have been pre-approved for a complimentary lifetime membership in 3RD HOME, valued at $2,500. Additionally, you will be upgraded to the President’s Club level for 1 year — a total savings of almost $3,000! Sign up at www.bhhsutah.3rdhome.com/signup.

WHAT IS 3RD HOME?

Thailand-Sensational Samujana

3RD HOME is a private club for the owners of luxury second homes. With an average property value over $2.4 million USD, over 5,300 properties and growing, and endorsements from the top luxury residential and resort brands, 3RD HOME enables vacation home owners to travel the world staying

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While inventory along the Wasatch Front is down... way down, sales are up across all Wasatch Front counties.

 

Taking a look at Salt Lake County in January of this year, inventory is at 2430 homes across the county. That is down 30.20% from January 2015, yet sales are up 12.89% in the same comparison. In Weber County inventory is down 31.82% in January but sales are up 10.19% and pending sales are up 16.35%. Utah County had similar results in the same period comparison; 12.63% increased sales with 26.44% less inventory. What is amazing is Davis County has a 12.50% increase in sales over January 2015 in the face of a 41.38% drop in inventory!

Berkshire Hathaway HomeServices Utah Properties is doing well along the Wasatch Front. In

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Tax considerations for buyers and sellers
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taxes

Buyers and sellers need to be informed about tax considerations before entering a transaction.

If you have purchased or sold a home last year, there are a number of tax deductions for which you may qualify. Here are some important factors to keep in mind:

Profitability: According to the IRS, if you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income as a single tax filer, or $500,000 on a joint return in most cases.

Interest: Currently, much of the interest paid on a mortgage is tax-deductible. A married couple filing jointly can deduct all of their interest on a maximum of $1 million in mortgage debt secured by a first

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curb-appealWhat comes to mind when you envision curb appeal? Colorful flowers? A meticulously mowed and weeded lawn? New paint and a nice sitting area? All good efforts, but how do you create curb appeal in the winter?

There are a few important things you can do to make your home's exterior inviting even on the grayest, coldest days. For starters, keep the driveway and sidewalks clear. Clear away anything that distracts the eye from the beauty of the home and/or obstructs access to the entrance. Consider how you could enhance the exterior of the home with nice, simple decor.

After you have done all you can to enhance the exterior, compensate by presenting a well-kept interior. Touch up or repaint and add floral arrangements in the entry. The aroma of fresh

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