Park City Real Estate Market Update May 2018

Welcome to the Park City Real Estate Market Update May 2018

Park City Area Overview

In the Park City real estate market, conditions continue to favor sellers over buyers, even as fewer houses become available compared to this time last year. May 2018 found a decrease in the number of active listings for single-family homes, according to information from Park City MLS.

The 122 new listings in May 2018 represented a 12 percent increase over May 2017. Active listings decreased 3 percent compared to the same period. Actual sales of single-family homes also increased over the same period. The Park City MLS reports that in May 2018, a total of 65 single homes were sold in the Park City area. This represents a 35 percent increase over sales in May 2017.

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10 Staging Secrets From the Pros for a Quick Home Sale at Top Dollar

According to the National Association of Realtors, staging a home prior to listing it can result in a faster and more profitable sale.1 In fact, the Real Estate Staging Association estimates that professionally staged properties spend 73 percent less time on the market, receive more foot traffic, and typically sell for more money.2

Following are 10 tips you can use to get your home “show ready” prior to hitting the market. These easy and cost-effective ideas will help your house look its best—and help buyers visualize themselves living there. Even if you’re not currently in the market to sell, you can use these tactics to breathe new life into your existing home decor.

To get a plan customized for your particular property, give us a call to schedule a free consultation. We’d be happy to share our insider knowledge of the buyer preferences in your neighborhood … so you’ll know where to focus your time, money and energy to maximize your results.

1. REMOVE CLUTTER

Decluttering is typically the first thing we tell clients to do to prepare their home for sale. And according to the National Association of Realtors, a whopping 93 percent of agents agree.1 Decluttering is the act of removing excess “stuff” from your home to make it appear clean and spacious.

Overflowing closets and cluttered countertops can make your house feel small and cramped. In contrast, sparsely-filled closets and clear countertops will make your home appear larger and assure buyers that there will be plenty of room to store their belongings.

Don’t neglect drawers, cupboards and even your refrigerator in your decluttering efforts. Serious buyers will check out every nook and cranny of your home, so pack up anything you don’t use on a daily basis and store it off-site. The same goes for jewelry, sensitive documents, prescription medication, firearms and other items of value. Store them in a locked safe or storage unit before opening your property to buyers.

Make sure any items that remain are clean, tidy and well organized. The good news is when it comes time to move, a large portion of your packing will be done!

2. DEEP CLEAN AND DEODORIZE

From carpets to bathrooms to appliances, having a clean home is a MUST. If you’ve ever checked into a dirty hotel room, you can imagine how buyers can be turned off by a home that hasn’t been thoroughly cleaned.

If you have a large home, or are short on time, you may want to invest in a professional cleaning service. And if you have carpet, we generally recommend you rent a steam cleaner or hire a company to clean your carpets for you.

In addition to cleaning, it’s equally important to neutralize odors in your home that can be off-putting to buyers, especially pet smells and cigarette smoke. If the weather allows, open your windows and let in fresh air. Empty the trash frequently, and especially before a showing. Avoid cooking any strong-smelling food such as fish or heavy spices. You may need to clean (or remove) drapes and upholstery if odors are particularly strong.

Try to keep your home in clean, show-ready condition while it’s on the market. You never know when a potential buyer will want to drop by for a viewing.

3. DEPERSONALIZE

Your family photos and personal mementos are often your most treasured possessions. For many of us, they are what make a house a home. However, buyers will have a hard time envisioning themselves living in a place if it feels like YOUR home.

Pack up any items that are personal to you and your family, such as photos, books, children’s artwork, travel souvenirs and religious items. Collectibles and excessive knickknacks can be distracting to buyers. Instead, keep your decor items minimal and generic to appeal to the largest number of buyers.

4. NEUTRALIZE YOUR COLOR PALETTE

Along those same lines, bold color choices may not appeal to all buyers. By incorporating a neutral color palette throughout your home, buyers can better visualize the addition of their own furniture and decor, which may contrast with your current color scheme.

But don’t limit yourself to white and beige. Incorporating earth tones and midtone neutrals—like mocha and “greige” (grey-beige)—can add a touch of modern sophistication to your decor.3

One of the quickest and most cost-effective ways to neutralize your home’s decor is with paint. Walls painted in dark, bold or bright colors can turn off buyers. A fresh coat of paint in a neutral color like greige (try Benjamin Moore’s Revere Pewter) or warm white (such as Kelly-Moore’s Rotunda White) offers a clean palette upon which buyers can visualize adding their own personal touches.4

If your sofa is worn, stained or has a bold pattern, consider purchasing a neutral-colored slipcover. Dated or overly busy window coverings should be taken down or replaced. Instead, bring in tasteful pops of color with throw pillows and accessories.

5. INCREASE YOUR CURB APPEAL

You only get one chance to make a first impression. According to a 2017 report by the National Association of Realtors, 44 percent of home buyers drove by a property after viewing it online but did NOT go inside for a walkthrough.5 That means if your curb appeal is lacking, buyers may never make it through the door.

Walk around your home and look for any neglected areas that might seem like “red flags” to buyers, such as missing roof shingles or rotted siding. Trim trees and shrubs if needed, and make sure your lawn and flower beds are well maintained. Add some colorful flowers to your front beds and/or flower boxes to brighten up your landscaping.

Make sure the exterior of your home is as clean as the interior. This can often be accomplished with a simple garden hose. But if your siding, walkway, or driveway are stained or dingy, you may want to rent a pressure washer.

Thoroughly wash windows and screens, and remove and store dark solar screens if you have them. Open shutters, curtains and blinds, which will not only make your house look more inviting from the outside, it will brighten the inside.

Consider a fresh coat of paint on your front door, trim and shutters. And small, cosmetic improvements like new house numbers, a colorful wreath and a clean front doormat can have a big impact.6

6. FRESHEN KITCHENS AND BATHS

Kitchens and bathrooms will show better and appear larger if all items are cleared from the countertops, except for one or two decorative pieces.7 You should have already packed up non-essentials during your decluttering process, and the remaining items should be neatly stored in pantries and cupboards.

If your cabinets are dingy or outdated, adding a fresh coat of paint and new hardware is an easy and inexpensive way to make them modern and bright. Consider purchasing new shower curtains, bath mats, and towels for the bathrooms and new dish towels for the kitchen.

Before each showing, make sure kitchens and baths are spotless and trash cans are empty and out of sight. To add a comforting aroma, try baking cookies, or in the fall, simmer some cinnamon sticks and cloves in a pot of water before you leave the house. In the spring, try a vase of fresh cut lilacs.7

7. SET THE TABLE

Buyers often imagine hosting family gatherings in their new home, and the dining room plays a large role in that vision. If your dining room chairs are stained or outdated, you may want to recover them or use slipcovers. In most cases, an imperfect table can be camouflaged with a neutral and stylish tablecloth.

Be sure the table is centered underneath the chandelier and on the area rug if you’re using one. If your dining room is small, remove all other furniture and leave only four chairs.8

Dress up the table using nice tableware and cloth napkins or a table runner and centerpiece. For a long table, try lining up a series of small vessels down the middle.

8. REARRANGE FURNITURE

Start in your living room and think about what you want to emphasize (and de-emphasize) about the space. For example, do you have a beautiful fireplace or a stunning view? If so, arrange the furniture with that focal point in mind. Use a symmetrical seating arrangement to create a cozy conversation area adjacent to the focal point.

If the room is small, consider removing some of the furniture to make it feel larger, especially oversized pieces. That includes oversized television sets unless it’s a designated media room. Pulling furniture away from the wall can make the room feel more spacious, and placing your largest furniture piece in the far-left corner (as opposed to near the entry) can create the illusion of a larger space.9

For small bedrooms, remove all the furniture except the bed, bedside tables, and a dresser. If it’s a large room, add one or two chairs and a table to create a seating area. Place lamps on the bedside tables and seating area if you have one.10

Make sure each space in your home has a clearly defined purpose. For example, if you’ve been using an extra bedroom as a catch-all storage space, stage it as a guest room or office instead. Turn an awkward alcove into a workstation or a reading corner. Help buyers imagine how they could use the space themselves.3

9. LIGHTEN UP

Lighting can have a drastic impact on the look and feel of a home. Few buyers seek out a dark house; most prefer one that’s light and bright. Make sure windows are clean, and open curtains and blinds to let in the maximum amount of daylight.

Each room should have three types of lighting: ambient (general or overhead), task (such as a reading lamp or under-cabinet light), and accent (such as a floor or table lamp). Aim for a goal of 100 total watts per 50 square feet.11 If your mounted light fixtures are dated, replacing them with something more modern is an easy and inexpensive upgrade that can have a big impact.

Strategically placed landscape lighting can add a dramatic effect to your home’s exterior. Welcome evening visitors with a lighted walkway, or use a spotlight to accentuate trees or other landscaping features. Solar lights require no wiring; simply place them in a sunny spot and they will turn on automatically at dusk.

10. HIGHLIGHT YOUR BACKYARD’S BEST FEATURES

While your home’s interior often takes center stage, don’t forget about staging your home’s outdoor areas to help buyers imagine how they could utilize the space.

Even a small patio can become a selling feature with the addition of a cafe table and chairs. Add a tray of plates and coffee cups to help buyers envision a peaceful breakfast on the back porch. Place chairs and wine glasses around an outdoor firepit or hang a hammock with a book in your favorite shady spot.3 These small, simple additions can help buyers visualize the possibilities your backyard has to offer.

BEFORE YOU GET STARTED

If you’re in the market to sell your home, this list provides a great starting point for your preparations. But nothing beats the trained eye and expertise of a real estate agent. Before you do any work, we recommend consulting a professional for advice about your particular property.

We offer free, no-commitment seller consultations and will walk through your home with you to help you assess which projects and upgrades are worth your time and money, and which ones you can skip.

As local market experts, we are intimately familiar with buyer preferences in your area. We’ll run a comparative market analysis to find out how your home compares to others currently on the market, as well as those that have recently sold. Then we’ll tailor a custom plan to suit your particular property, budget and needs.

Please call or email us today with questions or to schedule a free consultation!

Sources:

1. National Association of Realtors – https://www.nar.realtor/sites/default/files/migration_files/reports/2017/2017-profile-of-home-staging-07-06-2017.pdf
2. Real Estate Staging Association http://www.realestatestagingassociation.com/content.aspx?page_id=22&club_id=304550&module_id=164548
3. Houzz – https://www.houzz.com/ideabooks/2661221/list/sell-your-home-fast-21-staging-tips
4. HGTV – https://www.hgtv.com/design/outdoor-design/landscaping-and-hardscaping/10-curb-appeal-tips-from-the-pros-pictures
5. National Association of Realtors – https://www.nar.realtor/sites/default/files/reports/2017/2017-home-buyer-and-seller-generational-trends-03-07-2017.pdf
6. The Spruce – https://www.thespruce.com/must-try-neutral-paint-colors-797983
7. HouseLogic – https://www.houselogic.com/sell/preparing-your-home-to-sell/home-staging-checklist/
8. StageMyOwnHome.com – http://www.stagemyownhome.com/staging-the-dining-room.html
9. Realtor.com – https://www.realtor.com/advice/sell/small-living-room-staging-tricks/
10. SFGATE – http://homeguides.sfgate.com/stage-master-bedroom-34573.html
11. HGTV – https://www.hgtv.com/shows/designed-to-sell/15-secrets-of-home-staging-pictures

Kings Crown Development Update as of June 13th

The NEW Kings Crown road is now under construction! We have attached an aerial video which was filmed on June 13th that shows the progress to date.

The new road construction will continue through the summer months with completion scheduled for the month of October. 

Lot number and boundary markers will soon be in place for scheduled site tours.

Kings Crown Park City Development Update

Kings Crown Park City is one of the most beautiful, and desirable areas in Park City. Highly accessible from many vantage points around Old Town and beyond, Kings Crown is now among the crown jewels in Utah real estate.

Kings Crown includes a unique opportunity to enjoy Old Town charm and history with all the modern amenities that make Park City one of the top resort destinations in the world. The development includes 27 single-family lots and 7 luxury Crownhomes, all of which are ready for reservations today. These are carefully designed to reflect the rich history of Park City’s mountain mining heritage.

Mountain to Main Street is the mantra for the community. Kings Crown offers a unique living space that will provide residents with a gateway to world-class skiing, biking, and hiking, as well as walking access to Park City’s iconic Main Street and its vast array of shopping and dining experiences.

The lots priced between $850,000 and $2.2 million. Those who purchase the single-family lots will have the opportunity to choose their own builders and follow the community CC&Rs. The single-family lots will accommodate builds starting at 1,875 square feet. There are currently only 8 left.

The ski-in/ski-out Crownhomes are available starting at the shell price of $3,666,124.80, with two interior finish scheme options and three different floor plans.

For more information on this development and the availablity, call Team Schlopy at 435.222.4858 or go to ParkCityKingsCrown.com.

Kings Crown Park City

Darth Vader’s Guide to Buying Park City Real Estate

We all know that Darth Vader dominated the Galactic Empire. Just like Darth Vader, we need to dominate the Park City Real Estate Market. Here is Darth Vader’s Guide to Buying Park City Real Estate.

1. I sense something. A presence I have not felt since… Feel the presence of the Neighborhoods.

If you really want to know the neighborhoods, there are only two things to look for; One is the Neighborhood Cycle and the other is Lifestyle.

Neighborhood Cycle
There are four stages in this cycle:Buying Park City Real Estate - Neighborhood Cycle
· Growth: A period during there are gains in public favor and acceptance. Demand increases.
· Stability: A period of equilibrium without marked gains or losses. No real obvious change.
· Decline: Period of diminishing demand and acceptance.
· Renewal: A period of rejuvenation and rebirth of market demand.
(Sacrament Appraisal Blog Four Stages, August 6th, 2012)

You will want to place yourself at the end of renewal and the beginning of the growth cycles. This is before the demand goes up as well as the prices. When homes are updating in certain neighborhoods it is often a great indication that this neighborhood is in the renewal stages. Keep your eyes on those neighborhoods… they will be the most sought-after homes.

Lifestyle.
You may have heard of living the “Park City Lifestyle.” This lifestyle is not a one size fits all, in fact, there are a plethora of choices. Each neighborhood, (believe it or not), fits certain lifestyles. For example, if you have children, there are certain neighborhoods suited for family living. If you are a retiree, there are quiet neighborhoods that will support your lifestyle. And for the socialites, there are areas with easy access to events and the nightlife. If you are outdoorsy, there is a place for you close to trails, ski-in/ski-out. If you are a… Ok, Ok, I will stop, you get it. Park City is unique with the small town atmosphere, that supports everyone’s lifestyle.

2. Don’t Fail me again, Admiral… I want this house.

Inventory is still low BUT we are finding new houses on the market that are in high demand. If you have found a house you want, and it has only been on the market for a short period of time, MAKE AN OFFER! The perfect house is like fresh meat among piranhas. There will be other offers, so make it a good one.

3. When I left you, I was but the learner. Now I am the master. Know your schools.

Schools in the Park City are excellent. Take notice of the school locations within the district. They may have an effect on where you will buy.

You will meet your destiny...of not having this home

4. If you will not fight, then you will meet your destiny… of not having this home.

Real Estate is give and take. When you are negotiating make sure you have your top five needs, repairs, or request written out. Work with the price and your top five. Since inventory is low, you will have to meet half-way with the sellers most of the time.

5. I am altering the deal. Pray that I don’t alter it any further. Walk Away.

I know, I said to meet half way above. But sometimes there are important things that you don’t want to compromise. If this is the case… WALK AWAY.

“Patience, Young Jedi.” Sometimes, that house will remain on the market and will come back around. Some sellers will even have the price lowered than what you negotiated.

In a seller’s market, often times sellers are set on the listing price. This due to their confidence in the market. However, during these times buyers take notice. We recently had an offer on the table for one of our listings. Seller came back too high. Buyer walked away.

6. We can rule this empire together.

With all that we have shared in this post, you will be able to rule the Park City Real Estate Market working with Team Schlopy. “May the Force be with you,” said Darth Vader, never.

Park City Real Estate Market Update December 2017

Welcome to the Park City Real Estate Market Update December 2017.

Park City Area Overview

In the Park City real estate market, conditions continue to favor sellers over buyers, even as fewer houses become available compared to this time last year. December 2017 found an decrease in the number of active listings for single-family homes, according to information from Park City MLS.
Park City Real Estate Market Summary December 2017
The 37 new listings in December 2017 represented a 52 percent decrease over December 2016. Active listings decreased 7.4 percent to 425 over the same period. Actual sales of single-family homes increased over the same period. The Park City MLS reports that in December 2017, a total of 52 single homes were sold in the Park City area. This represents a 27 percent increase over sales in December 2016.

Prices in the Park City real estate market continued to fall during that year-long period. The median price of a single-family home in the Park City area increased 35 percent between December 2016 and December 2017, to $1,356,200. Average home prices fell 6 percent during that period to $1,839,947. The dollar volume of sales during the year decreased 2 percent. In total, $73,098,874 worth of homes were sold in December 2017.

Homes spent an average of 134 days on the market in Park City, which is a decrease from December 2016. Generally, high prices, limited availability, and slow sales of those homes that come up for sale make the Park City real estate market a favorable environment for sellers.

Team Schlopy Real Estate provides expert real estate services to residential buyers and sellers in Park City and surrounding communities. Contact us today for more information on Park City real estate and for professional assistance navigating this sometimes complex home market.

If you have any questions please contact us at 435.640.5660. We will be happy to help.

Park City Real Estate Market Update November 2017

Welcome to the Park City Real Estate Market Update November 2017.

Park City Area Overview

In the Park City real estate market, conditions continue to favor sellers over buyers, even as more houses become available compared to this time last year. November 2017 found an increase in the number of active listings for single-family homes, according to information from Park City MLS.

The 82 new listings in November 2017 represented a 52 percent increase over November 2016. Active listings decreased 7 percent to 445 over the same period. Actual sales of single-family homes also decreased over the same period. The Park City MLS reports that in November 2017, a total of 42 single homes were sold in the Park City area. This represents a 12.5 percent decrease over sales in November 2017.

Prices in the Park City real estate market began to fall during that year-long period. The median price of a single-family home in the Park City area increased 9.44 percent between November 2016 and November 2017, to $1,347,500. Average home prices fell 7.5 percent during that period to $1,582,464. The dollar volume of sales during the year decreased 18 percent. In total, $60,387,989 worth of homes were sold in November 2017.

Homes spent an average of 85 days on the market in Park City, which is a decrease from November 2016. Generally, high prices, limited availability, and quick sales of those homes that come up for sale make the Park City real estate market a favorable environment for sellers.

A year ago looking at single family homes in all of Park City there were 14 months of inventory. That’s what we call absorption rate. Today, there’s only nine months worth of inventory. So obviously very low inventory. Park City had record sales from 2011 to 2017. The month of February and May were record sales for single-family homes. This all leads to being a seller’s market and in the mind of the seller, they think that they can really overprice their home right now because of the lack of inventory. What’s happening is the buyers are pulling back and not going forward because they feel that the sellers are too aggressive in their pricing. It will be interesting to see what happens for the rest of the year.

Team Schlopy Real Estate provides expert real estate services to residential buyers and sellers in Park City and surrounding communities. Contact us today for more information on Park City real estate and for professional assistance navigating this sometimes complex home market.

If you have any questions please contact us at 435.640.5660. We will be happy to help.

Heber Valley Real Estate Market Update July 2017

Heber Valley Market Update July 2017

Welcome to the Heber Valley Area Real Estate Market Update July 2017.

Heber Valley Area Overview

In the Heber Valley real estate market, conditions continue to favor sellers over buyers, even as fewer houses become available compared to this time last year. July 2017 found a decrease in the number of active listings for single-family homes, according to information from Park City MLS.

The 96 new listings in July 2017 represented a 12 percent increase over July 2016. Active listings decreased 6 percent to 258 over the same period. Actual sales of single-family homes also increased over the same period. The Park City MLS reports that in July 2017, a total of 51 single homes were sold in the Heber Valley area. This represents a 24 percent increase over sales in July 2016.

Prices in the Heber Valley real estate market began to climb during that year-long period. The median price of a single-family home in the Heber Valley area increased 55 percent between July 2016 and July 2017, to $530,000. Average home prices rose 89 percent during that period to $852,124. The dollar volume of sales during the year increased 48 percent. In total, $22,713,800 worth of homes were sold in July 2017.

Homes spent an average of 83 days on the market in Heber Valley, which is an increase from July 2016. Generally, high prices, limited availability, and quick sales of those homes that come up for sale make the Heber Valley real estate market a favorable environment for sellers.

Team Schlopy Real Estate provides expert real estate services to residential buyers and sellers in Heber City and surrounding communities. Contact us today for more information on Heber Valley real estate and for professional assistance navigating this sometimes complex home market.

If you have any questions please contact us at 435.640.5660. We will be happy to help.

Park City Real Estate Market Update July 2017

Welcome to the Park City Real Estate Market Update July 2017.

Park City Area Overview

In the Park City real estate market, conditions continue to favor sellers over buyers, even as fewer houses become available compared to this time last year. July 2017 found an increase in the number of active listings for single-family homes, according to information from Park City MLS.

The 161 new listings in July 2017 represented a 21 percent decrease over July 2016. Active listings decreased 2 percent to 492 over the same period. Actual sales of single-family homes also increased over the same period. The Park City MLS reports that in July 2017, a total of 97 single homes were sold in the Park City area. This represents a 45 percent increase over sales in July 2016.

Prices in the Park City real estate market began to fall during that year-long period. The median price of a single-family home in the Park City area decreased 36 percent between July 2016 and July 2017, to $950,000. Average home prices fell 21 percent during that period to $1,368,370. The dollar volume of sales during the year increased 9 percent. In total, $85,285,182 worth of homes were sold in July 2017.

Homes spent an average of 85 days on the market in Park City, which is a decrease from July 2016. Generally, high prices, limited availability, and quick sales of those homes that come up for sale make the Park City real estate market a favorable environment for sellers.

Team Schlopy Real Estate provides expert real estate services to residential buyers and sellers in Park City and surrounding communities. Contact us today for more information on Park City real estate and for professional assistance navigating this sometimes complex home market.

If you have any questions please contact us at 435.640.5660. We will be happy to help.

Heber Valley Real Estate Market Update June 2017

Heber Valley Real Estate Market Update June 2017 Header

Welcome to the Heber Valley Area Real Estate Market Update May 2017.

Heber Valley Area Overview

In the Heber Valley real estate market, conditions continue to favor buyers over sellers, even as more houses become available compared to this time last year. June 2017 found a decrease in the number of active listings for single-family homes, according to information from Park City MLS.Heber Valley Real Estate Market Summary

The 139 new listings in June 2017 represented a 48 percent increase over June 2016. Active listings decreased 8 percent to 253 over the same period. Actual sales of single-family homes also decreased over the same period. The Park City MLS reports that in June 2017, a total of 67 single homes were sold in the Heber Valley area. This represents a 6 percent decrease over sales in June 2016.

Prices in the Heber Valley real estate market began to fall during that year-long period. The median price of a single-family home in the Heber Valley area decreased 14 percent between June 2016 and June 2017, to $345,000. Average home prices fell 29 percent during that period to $580,289. The dollar volume of sales during the year increased 45 percent. In total, $22,221,800 worth of homes were sold in June 2017.

Homes spent an average of 64 days on the market in Heber Valley, which is a decrease from June 2016. Generally, low prices, limited availability, and slow sales of those homes that come up for sale make the Heber Valley real estate market a favorable environment for buyers and sellers.

Team Schlopy Real Estate provides expert real estate services to residential buyers and sellers in Heber City and surrounding communities. Contact us today for more information on Heber Valley real estate and for professional assistance navigating this sometimes complex home market.

If you have any questions please contact us at 435.640.5660. We will be happy to help.

Park City Real Estate Market Update June 2017

Park City Real Estate Market Update June 2017

Welcome to the Park City Real Estate Market Update June 2017.

Park City Area Overview

In the Park City real estate market, conditions continue to favor sellers over buyers, even as more houses become available compared to this time last year. June 2017 found an increase in the number of active listings for single-family homes, according to information from Park City MLS.Park City Market Summary

The 232 new listings in June 2017 represented a 3 percent decrease over June 2016 (239). Active listings increased 3 percent to 490 over the same period (476). Actual sales of single-family homes also increased over the same period. The Park City MLS reports that in June 2017, a total of 95 single homes were sold in the Park City area. This represents a 14 percent increase over sales in June 2016.

Prices in the Park City real estate market continued to climb during that year-long period. The median price of a single-family home in the Park City area increased 17 percent between June 2016 and June 2017, to $1,075,000. Average home prices rose 25 percent during that period to $1,296,675. The dollar volume of sales during the year increased 22 percent. In total, $97,297,900 worth of homes were sold in June 2017.Park City Area Report June 2017 Sold and New Properties

Homes spent an average of 83 days on the market in Park City, which is a decrease from June 2016. Generally, high prices, limited availability, and quick sales of those homes that come up for sale make the Park City real estate market a favorable environment for sellers.

Team Schlopy Real Estate provides expert real estate services to residential buyers and sellers in Park City and surrounding communities. Contact us today for more information on Park City real estate and for professional assistance navigating this sometimes complex home market.

If you have any questions please contact us at 435.640.5660. We will be happy to help.

5 Things Spock would say about Park City

Why Park City is the Logical Choice.

As frequent travelers, we are always looking for the perfect place. A place that has it all. We find close to perfection, but maybe it isn’t a place that we can call home. I am here to tell you that we have found a place that has it all. Even Spock would agree.

  1. Park City can be … Fascinating

  2. Spock spoke of fascinating in the sense of trying to understand the human spirit. Parkites do not just understand the human spirit, we embrace it.

    Friendliest City. Condé Nast Ravelers Readers ranked us as the friendliest city in the United States in 2015 and Second in 2016. The readers called it “a great place that brings city life to outdoor enthusiasts, film geeks, and families.” A “beautiful small town with a big presence,” it’s blessed with “hip culture, a party atmosphere, and tons of history.” Even at the height of winter ski season or the Sundance Film Festival in January, “the locals were extremely friendly and welcoming.”

    Charitable Organizations. I am including a link to a giving guide from Park City Community Foundation. You can view or download to see all of the foundations within Park City. If a small community like ours needs a guide to show all the non-profit organizations, we should be able to claim one day as the most giving community. But that is not why we do it. We do it because we care. We see a need, and we fill it.

    Culture Cure. Frank Borman once said, ”Exploration is really the essence of the human spirit.” Live music, art, theater, and literary events give us an opportunity to explore that human spirit. Egyptian Theatre, Sundance Film Festival, Music Festivals, and even some of the charitable foundations gives us a chance to embrace culture.

  3. Live Long and Prosper.

  4. I was reading an article from the Huffington Post “This is Why People Who Live in San Francisco Are So Happy and Healthy.” As I was reading this article, I went,”Wait, this sounds like Park City.” This is how Parkites stay true to Spock’s “Live Long and Prosper.”

    Wealthiest City in the United States. A suburb of Park City, Summit Park ranked as the wealthiest small city in the United States two years in a row.

    Outdoor activities are everywhere. We got the prosper thing down, how do we achieve the live long part? The Outdoor activities. Park City is known for the 9,000+ acres of skiable terrain (Deer Valley and Park City Resorts). There is more than snow in Park City.

    • Mountain Biking / Hiking
    • As the snow recedes from the mountains and valleys surrounding Park City, approximately 450+ miles of single-track trail emerges. The trails are open to hiking/trail-running, mountain biking, and equestrian trail users. Ranging in altitude from 6,500’ to nearly 10,000’, the trail system spans the whole environmental scale. In a single excursion, trail users can experience everything from high-desert covered in sagebrush, mountain mahogany and rabbit brush to the archetypal high-altitude alpine environment. So, grab a bike and hit the trails.

    • Golfing
    • The Park City Utah golf scene, and nearby Heber Valley officially joined the national golf boom leading up to and following the 2002 Winter Olympics. The highly publicized winter games brought a mass of attention to the once quiet in the summer time resort ski towns, located only 25 miles east of Salt Lake City International Airport. With Park City’s truly unbeatable location, combined with the worldwide exposure garnered from the Olympic games, it’s no wonder the biggest names in golf course architecture were called upon to build new layouts in Park City.

      Legends of the game, like Jack Nicklaus at Red Ledges, Pete Dye and Nicklaus at Promontory, Tom Fazio at Glenwild, Rees Jones at Victory Ranch, and Gene Bates at Soldier Hollow and the new Canyons Resort! Each world-class architect was offered great pieces of land to let loose their imaginations, and stamp their creative golf signature designs on and propel Park City into a mountain golf mecca.

    • Water Activities
    • I don’t think Park City has been mentioned much as a water recreation headquarter but I guess we can call it, “Utah’s Best Kept Secret.” We have three reservoirs, rivers and streams to fit your need for rafting, water skiing, fly fishing, tubing, boating, kayaking, standup paddle boarding, etc. We even have the only Floating Water Park in Utah on the Jordanelle.

  5. Captain, you almost make me believe in luck

  6. Easy Access. Park City’s close proximity to Salt Lake International Airport has always been an advantage over other western mountain resorts. Park City is an easy 35-minute Interstate drive from the Salt Lake City International Airport. Fly in and ski, golf or play the same day! Park City operates its own free intra-city transit system (with additional service to limited areas of Summit County northeast of town).
    About Park City Easy Access
    You can find it in Park City. Whatever you enjoy you can find it in Park City. The Life of the Party person will be able to throw parties at their place or use the plethora of venues available. The Outdoor Enthusiast will be able to enjoy the Year-Round recreation. The Introvert, the one who wants to get away from it all, will be able to enjoy the secluded areas in Park City from Hiking Trails to the right neighborhoods to be able to recharge.

  7. Obviously the Logical Choice

  8. In Park City, you are 35 minutes from Salt Lake International Airport, have 9,000+ acres of skiable terrain, can enjoy 450+ miles of bike/hike trails, close to 13 golf courses, in a Dog-friendly community…If you want I can continue. As you can see, Park City is the logical choice.

  9. Change is the Essential Process of All Existence

  10. Park City is always changing to improve what we already have. We have a city council, friends, neighbors that want to make sure these changes happen so that Park City will always progress to benefit those to call this home away from home.

Make it your logical choice and join us here in Park City.

Heber Valley Area Real Estate Market Update May 2017

Welcome to the Heber Valley Area Real Estate Market Update May 2017.

Heber Valley Area Overview

In the Heber Valley real estate market, conditions continue to favor both buyers and sellers, even as more houses become available compared to this time last year. May 2017 found a decrease in the number of active listings for single-family homes, according to information from Park City MLS.

The 90 new listings in May 2017 represented a 15 percent increase over May 2016. Active listings decreased 28 percent to 222 over the same period. Actual sales of single-family homes also increased over the same period. The Park City MLS reports that in May 2017, a total of 42 single homes were sold in the Heber Valley area. This represents a 14 percent increase over sales in May 2016.

Prices in the Heber Valley real estate market continued to climb during that year-long period. The median price of a single-family home in the Heber Valley area increased 65 percent between May 2016 and May 2017, to $565,000. Average home prices rose 40 percent during that period to $687,681. The dollar volume of sales during the year increased 8 percent. In total, $20,434,325 worth of homes were sold in May 2017.

Homes spent an average of 134 days on the market in Heber Valley, which is an increase from May 2016. Generally, high prices, limited availability, and slow sales of those homes that come up for sale make the Heber Valley real estate market a favorable environment for sellers.

Team Schlopy Real Estate provides expert real estate services to residential buyers and sellers in Heber City and surrounding communities. Contact us today for more information on Heber Valley real estate and for professional assistance navigating this sometimes complex home market.

Park City Real Estate Market Update May 2017

Welcome to the Park City Real Estate Market Update May 2017.

Park City Area Overview

In the Park City real estate market, conditions continue to favor both buyers and sellers, even as fewer houses become available compared to this time last year. May 2017 found a decrease in the number of active listings for single-family homes, according to information from Park City MLS.

The 110 new listings in May 2017 represented a 5.77 percent increase over May 2016. Active listings decreased 3.23 percent to 420 over the same period. Actual sales of single-family homes also decreased over the same period. The Park City MLS reports that in May 2017, a total of 48 single homes were sold in the Park City area. This represents a 29 percent decrease in sales in May 2016.


Prices in the Park City real estate market continued to fall during that year-long period. The median price of a single-family home in the Park City area decreased 7 percent between May 2017 and May 2016, to $1,100,000. Average home prices fell 24 percent during that period to $1,625,014. The dollar volume of sales during the year decreased 54 percent. In total, $51,457,924 worth of homes were sold in May 2017.

Homes spent an average of 80 days on the market in Park City, which is an increase from May 2016. Generally, high prices, limited availability, and quick sales of those homes that come up for sale make the Park City real estate market a favorable environment for sellers.

Team Schlopy Real Estate provides expert real estate services to residential buyers and sellers in Park City and surrounding communities. Contact us today for more information on Park City real estate and for professional assistance navigating this sometimes complex home market.

A Park City 4th of July: An insider scope to the Best Celebrations

The 4th of July is just around the corner. What are your plans? Well, if you are in Park City, here is a list of things to do.

Park City 4th of July Parade and Celebration

This is a Celebration of all Celebration.

7:00 a.m.
Pancake Breakfast in City Park.

8:00 a.m.
Cole Sports 5k Mountain Fun Run
For pre-registration until 5pm on July 3:
Participants are encouraged to pre-register to avoid the crowd on race day and take advantage of the cheaper price. They can do so at colesport.com.

10:00 a.m. – 4:30 p.m.
Rugby games, live music, Rotary BBQ at the north end of City Park.

11:00 a.m.
Famous 4th of July Parade with over 70 floats celebrating Park City’s History

12:00 p.m. – 4:30 p.m.
Celebration in City Park
Food, Live Music, beer garden, games, and children’s activities

5:30 p.m. – 9:30 p.m.
Beer garden and BBQ at Park City Mountain Resort

7:00 p.m. – 9:30 p.m.
Free concert at Park City Mountain Resort

Dusk
Finally, fireworks are set to go off at Park City Mountain Resort at dusk!

81st Annual Oakley Rodeo

The 2017 Oakley Rodeo, happening June 30th, July 1st, 3rd and 4th in Oakley Utah. If you would like to purchase tickets go here.

Slip ’n Soar – Red, White and Fly!

Celebrate summer with an afternoon (or evening) full of slip ‘n slide on the water ramps at the Spence Eccles Olympic Freestyle Pool. Enjoy live music and all the slipping and sliding you can handle, plus food and cold beverages will be available for sale. Due to popular demand, we are offering three Slip ‘n Soar events this summer…including the chance to slip ‘n slide under the stars the evening of July 4th!

Have Questions?

We have answers. Call us:

435.640.5660