Park City Real Estate Agent Nancy Tallman
This thorough roundup and analysis of Q3 2021 stats was prepared by our resident MLS guru, and my partner, Justin Altman. He can be reached at justin.altman@sothebysrealty.com. Welcome to another edition of my Park City quarterly market analysis. I will discuss inventory and affordability, their influence over the market, and the ripple effects they are
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Many years ago, I read the book The Snowball: Warren Buffett and the Business of Life. Even if you haven’t read this book, it’s not hard to learn Buffet’s approach to investing because he is frequently quoted in the media. Buffett believes trying to time the stock market is “a waste of time and hazardous
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I remember selling real estate in 2009. There were tons of homes for sale and no buyers. Today, we have just the opposite. I’m working with many buyers with no homes for sale. Everything is a cycle and nothing stays the same. Mortgage Rate Predictions & Park City’s Home Prices What I am seeing right
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I hate to bore my readers with a bunch of numbers. I want to give you the juice of what the numbers are telling us. In my mind, the big story with our market is inventory and affordability. You can see by the above graph the ever-shrinking inventory in Park City. What is falsely inflating
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Zestimates® are the estimate of a home’s value on the website Zillow.com. They are sometimes used by real estate clients to discuss the list price or initial offer on a home. But how accurate are the Zillow Park City property value estimates? I wrote a blog about this subject 5 years ago. In that case study,
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National – Annual appreciation was 5.73% in the US in 2018 State-Annual appreciation was 9.8% in Utah (third highest in the US) Local- Annual appreciation was 10% in 84060; Annual appreciation was 21% in 84098 First quarter of 2019 Median price in 84060 was up 10% ($2,225,000); number of sales up 3% Median price in
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Check out our updated stats for 2019! Last month, my company, Summit Sotheby’s International Realty, put together a marvelous market update for 2017. If you’d like a hard copy, I’d be happy to email you one. The Park City Board of Realtors also released their year end statistics in the form of a press release.
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Do you need a Real Estate professional to determine the value of your home? There are several automated real estate valuations on the internet, the most popular being Zillow’s “Zestimate”. In a location like Park City, where every neighborhood was built during a different time period and the majority of homes are custom built, there are
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Those of us lucky enough to call Park City home see that our town is changing. As one of my colleagues simply stated, “the money is coming.” Park City is no longer anyone’s “secret”. Like any other desirable location, many people who come for a vacation decide they want to stay. Park City is not
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Park City May Not Be Right For You If….. (Apologies to Jeff Foxworthy) I’ve recently received calls from prospective buyers who live outside of Utah and were downright angry with me that I could not magically produce a property that met their needs. It got me thinking. As perfect a place as I like to
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