Tuesday, December 1, 2020

TIME FOR A NEW NEST...

FREE HOME EVALUATION...





Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Tuesday, November 3, 2020

GET THE BEST PRICE FOR YOUR HOME...

FREE HOME EVALUATION...



Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Tuesday, October 6, 2020

HOME PRICES ARE UP...

FREE HOME EVALUATION...





Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Thursday, September 10, 2020

Downsizing: Making Less Into More

Discover the advantages of downsizing and embrace the mindset of making less into more. 


Less Environmental Impact

Downsizing into a new home gives you an opportunity to find a home that’s just right for you and also helps your surroundings by consuming fewer resources. Continue to reduce impact by walking or biking to local establishments. Enjoy the great outdoors and exercise, while lowering the footprint and showing more love to mother nature.


Lower Utility Costs

With less space, comes lower costs on utilities to power, heat and cool your home. Be sure to learn about your home’s Home Energy Rating System (HERS) Index, which calculates a home’s energy efficiency and is the industry standard for assessing a home’s energy performance. 


More Time for Leisure

Make the most of your free time by traveling to places you’ve always wanted to experience, checking items off your bucket list created over the years, and spending more time making memories with loved ones. Whatever you choose to do, always find time for the things that make you most happy.



Opening Up a New Life Chapter

As one long chapter of life closes, another exciting, new chapter begins. Enjoy every minute of well-deserved free time to do whatever your heart desires.

Some of our homes are the perfect choice for downsizing and transitioning into retirement. With less stress and more time at our disposal, you can spend time enjoying the beauty of nature and the new chapter in your life. To learn more about Park City, visit me at paulahigman.evrealestate.com.





https://www.facebook.com/paulahigmanrealestatehttps://twitter.com/paulahigman   https://parkcity.evusa.com/en/Download my Real Estate App

Tuesday, September 1, 2020

IS YOUR HOME WORTH MORE THAN YOU THINK...

FREE HOME EVALUATION...



Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Friday, August 28, 2020

Prep Your Home for Back-To-School Season

The first day of the new school year is here. With new distance learning for kiddos and parents becoming impromptu teachers, it can be overwhelming to prepare your home in time for the first day of school. To help set your family up for success for back-to-school season at home, here are some tips and tricks to ease into a new family routine.



Create a Weekly Schedule 

On Sundays, create a visual schedule for the week that includes daily learning topics and schoolwork due dates. Establishing a routine and setting start times takes away the stress and allows everyone to focus on the activity. Integrate family fun activities such as yoga on the grass, crafting a card for a distant loved one or keep the learning going with activities like baking to learn about fractions.




Designate a Space for Learning

To keep the family organized, designate a special space just for home learning. Including a variety of school supplies in one place allows for ease of access and limits distractions. Allowing kids to help create the space and decorate with a few fun items will ensure they feel ready to learn each and every day.


Be Flexible & Find What Works for YOUR Family

Remember, every family is unique. Embrace distance learning by incorporating the best routines for your schedule and be flexible in what works for your family. Find beauty in new challenges and enjoy the extra time at home with loved ones.

We have the perfect for your family with space for everyone to transition into a new way of learning and teaching. For a virtual tour of homes, contact us at paulahigman.evrealestate.com.


https://www.facebook.com/paulahigmanrealestatehttps://twitter.com/paulahigman   https://parkcity.evusa.com/en/Download my Real Estate App

Tuesday, July 7, 2020

TIME FOR A BIGGER PLACE...

TIME FOR A BIGGER PLACE...





Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Tuesday, June 2, 2020

YOUR HOME VALUE IS APPRECIATING...

YOUR HOME VALUE IS APPRECIATING...





Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Friday, May 8, 2020

An In Depth Look at Park City's Housing Market

Let's be real…

I have not crafted, baked sourdough or enrolled in an Ivy League University's online class.

What I have done is laughed out loud at legendary memes, overdosed on Netflix & Prime Video, and acquiesced to my almost-14-year-old's request for a new iphone.
But what is happening everywhere? Sometimes hourly rollercoasters of emotions, and what I have found most important is meeting people where they are - with respect and zero judgement.

With only 1 cancellation in the last 8 weeks, we had 23 deals make it across the finish line. The past week has brought a shift; 8 new listing, 1 Back On The Market, 76 properties under contract 1 property with multiple offers within 36hrs, 2 closings, and too many buyer inquiries to count. The phone is ringing, photographers are busy shooting, drones are flying, stagers are scheduled and deals are closing. In this unusual down-time, skills have been honed and we are ready to get.after.it.

This time has shaped how we approach the selling of real estate. We have health-conscious protocols for showing property. Our marketing tools are more valuable than ever: proprietary syndication, 3D virtual tours, award-winning video, detailed features lists, and telling the story of the home in the crafting of the comments. Engel & Völkers online engagement up; YouTube views are up 90%, FaceBook engagement is up 200% and website visits from Instagram are up 150%. 

My opinion is that we are not in a depression or a recession, but in a suppression. Anyone interested in our real estate climate - from the sidelines, as an existing owner, or as one considering a home in Park City - should take a few minutes and read the data points featured in my most recent Market Update.

The last word this month is about Park City schools. We discuss the loss of Park City's #1 Most Loved Fundraiser, Running with Ed, and how Park City schools are Changing the Equation in their response to the socioeconomic crisis.

Happy Mother's Day to all those moms out there crushing it.

Your Cliff Notes to our Current Real Estate Market Climate

Spring is officially is in the air in Park City. The snow is melting, birds are chirping, the bees are buzzing, and real estate is selling. Or is it? Questions – and opinions – about the Park City real estate market seem to be uttered nearly as frequently as the latest news on the pandemic, the two of which are admittedly intertwined. Uncertainty has been the word of the day for roughly two months now, and everyone has a different take on what they think will happen next. But as any experienced forecaster of economics or weather knows, nobody can be certain.


What we can be certain about are verified statistics, hard numbers that give an honest, unbiased look at how well the Park City real estate market, and the surrounding Utah real estate market, is performing. Take a look at our in-depth market update and what it could mean if you are looking to buy or sell in the near future.

Thursday, May 7, 2020

Park City Real Estate Market Update – Spring 2020

 Great reasons to buy real estate in Park CityHome Buying in Park CityHome Selling in Park CityPark City Real Estate Updates


It’s official, springtime is in the air in Park City. The snow is melting, birds are chirping, bees are buzzing, and real estate is selling. Or is it? Questions and opinions about the Park City real estate market seem to be uttered nearly as frequently as the latest news on the pandemic, the two of which are admittedly intertwined. Uncertainty has been the word of the day for roughly two months now, and everyone has a different take on what they think will happen next. But as any experienced forecaster of economics or weather knows , nobody can be certain.
What we can be certain about are verified statistics and hard numbers that give an honest, unbiased look at how well the Park City real estate market, and the surrounding Utah real estate market, is performing. Now more than ever, people crave tangible information. Sure, we all have our opinions of what may occur in the next 6-12 months, myself included, but speculation is an exercise in futility, and business decisions – like buying or selling property – are best made when using current numbers, not just gut feelings.
The goal of this market update is to paint a picture of how the Park City real estate market has reacted to the Coronavirus pandemic. In addition to throwing around a bunch of numbers, I’m going to do my best to translate what some of these metrics may mean to you, the consumer. Us realtors have a tendency to get all caught up in the minutiae of these metrics, and if we’re not explaining how these numbers can be useful to our clients – the buyers and sellers that drive the Park City real estate market – then we are doing a disservice. If you have any specific questions on these statistics, or other segments of the market, please call, text, or email me, and we can talk about your specific needs and wants, as every client and every transaction is unique.

Park City Single Family Homes

Overall for the month of April, the numbers for single family home sales in the Park City area do not paint a doom and gloom picture that many may have been expecting. The median sales price is actually up 21% compared to March, and up 11% as compared to April 2019. Prices remaining on the rise is great news for sellers. Homes are selling at an average of 94.3% of the asking price, down slightly by 2.7% in March, and down 1.6% from last April. This is a reminder that while sellers should price their homes realistically to sell, that they may also want to leave a little room in the list price for negotiations.
The number of homes sold in April is down substantially, nearly 49% as compared April 2019, but only down 4% compared to this March, a relatively minor correction despite the pandemic. Also, a substantial portion of the reduced number of sales can be attributed to less homes being on the market. The number of homes available for sale is down 23.5% year-over-year for April, and down 12.7% as compared to March. Less inventory means a greater demand for the homes that are available for sale (especially the really exceptional properties that are well priced) and less properties to compete against for sellers.
While the average days on market is up substantially from April 2019, the time on market has actually decreased from March 2020 to April by 19.3%. A decrease in days on market, combined with increasing sales prices, and a decrease in inventory, all bodes well for those interested in selling their Park City home.


Single family home sales for April 2020 in the Park City area as 
compared to March 2020 and April 2019; courtesy PCBOR
Single Family Homes Below $1,000,000
  • Median sold price decreased 2.5% from March and 9.1% from 
    April 2019 to a current price of $795,000
  • Average number of days on the market for April are 29, the same as March, and down from 30 days on market in April 2019
  • Inventory decreased 8.7% from March, and is down 41.7% from 2019
Single Family Homes Between $1,000,000 and $2,500,000
  • Median sold price increased 16.7% from March and is up 8.9% from
    April 2019 to a current price of $1,750,000
  • Average number of days on the market for April are 118, up from 82 days on market in March, and 65 days on market in April 2019
  • Inventory is down 20% from March, and is down 35.9% from April 2019, likely contributing to the increased median sold price
Single Family Homes Above $2,500,000
  • Median sold price decreased 2% from March and is down 29.2% from
    April 2019 to a current price of $3,000,000
  • Average number of days on market for April are 255, down from 446 days on market in March, and up from 54 days in April 2019
  • Inventory is down 8.8% from March, and has decreased 11.9% from April 2019

Park City Condos and Townhomes

Shifting gears to another substantial segment of the Park City real estate market, the numbers for condo and townhome sales also do not signify a massive drop off or correction in the market. The median sales price has increased 3.7% compared to March, and is up 7.3% as compared to April 2019. The annual and monthly increase in prices bodes well for owners, investors, and those looking to sell. Condos and townhomes are selling at an average of 95.3% of the asking price, down 2.5% from March, and down 1.5% from last April, but overall remaining fairly stable.
The number of condos sold in April is down 25% compared to March, and down 47.8% compared to April 2019. Again, a sizable portion of the reduced number of sales is due to less condos and townhomes being on the market. The number of condos available for sale is down 30.8% year over year for April, and down 11.6% as compared to March. The decreases in inventory means a greater demand for the condos available for sale and less properties to compete against for sellers. More on this later in the blog, where I share some personal experiences on the market as of late.
The average days on market has dropped 14.5% from March, and is nearly even compared to April 2019, down just 1.8%. A decrease in days on market, combined with increasing sales prices, and a decreased inventory, are all generally positive trends for those interested in selling their Park City condo or townhome.

Condos and Townhomes Below $750,000
  • Median sold price increased 8% from March and went up 4.1% from 
    April 2019 to a current price of $475,000
  • Average number of days on the market for April are 97, down from 103 days in March, and up from 70 days on market in April 2019
  • Inventory decreased 8.6% from March, and is down 20.1% from 2019
Condos and Townhomes Between $750,000 and $1,500,000
  • Median sold price increased a very impressive 61.8% from March and is up 59.1% from April 2019 to a current price of $1,375,000
    April 2019 to a current price of $475,000
  • Average number of days on the market for April are 187, up from 129 days in March, and down from 266 days on market in April 2019
  • Inventory decreased 7.1% from March, and is down 42.8% from 2019
Condos and Townhomes Above $1,500,000
  • Median sold price is down 9.4% from March and is up 1.5% from 
    April 2019 to a current price of $2,132,500
  • Average number of days on the market for April are 192, down substantially from 306 days in March, and down from 285 days on market in April 2019
  • Inventory decreased 18.6% from March, and is down 33.5% from 2019

Heber Valley Real Estate Overview
Single family home sales in the Heber Valley area show a decrease in the median sales price compared to March 2020 and April 2019. The inventory has increased this month, although it is down compared to this time last year. New listings and the number of days on market are on the rise as of late, however the percent of asking price received on homes that have sold, is up slightly to 99% of asking. The influx of available inventory is helping to drive down the median sold price and increase the days on market. That said, 45 days on market still very much represents a sellers market.

Salt Lake City Real Estate Overview

The Salt Lake City real estate market has been, and continues to be, HOT. For single family homes in Salt Lake County, we have seen a decrease in inventory of 30% from April 2019 to April 2020, and a decrease of 11% from March to April of this year. The decrease in inventory combined with a still very strong demand for housing in Salt Lake has led to the median days on market decreasing from 16 days in April 2019 and 13 days in March 2020, to only 8 days on market in April 2020.
A sellers market is generally defined as any time frame between 0 and 90 days on market, so 8 days on market is a very strong number for sellers and indicates a shortage in available homes for sale. Further supporting a strong sellers market, is that the median percentage of the asking price received by sellers is 101%. On average, homes are selling for above their asking price, up from 98% in April 2019, and 100% of asking price in March 2020.

My Observations

There has been a lot of talk recently in real estate circles about bargain hunting, and buyers seeking out 15-25% discounts on properties for sale. While some metrics have decreased, overall the market and its sales prices are holding steady, or even increasing in some instances. While demand has decreased for some properties, a decreased inventory has helped many segments of the market to remain steady. As of now, there aren’t any market statistics supporting massive discounts or property fire sales. Multiple offers are being seen in Park City, and regularly in Salt Lake City, where buyers would be wise to write strong, clean offers when purchasing.
As of late, I have seen a particular interest in 2-4 bedroom condos and townhomes under $750,000 that live similar to a single family home.  Recently listed Hidden Creek unit had 6 showings in its first day on market. If anything, the out of area demand for this type of property may have increased during the pandemic, as buyers in large cities and on the coasts are looking to have a place to get away to in times of uncertainty.
As always, premium properties that are well presented, well marketed, and priced in line with the market, will sell. This is where our marketing team is a cut above the rest. The ability to present a property in its best light, while broadcasting it to the largest qualified audience possible, will help beat out the competition and get the property sold faster for more money. With in-person property showings on a definite decrease, we include a 3D tour of every property we list, no matter the value. Luxury and exemplary service are an experience, not a price point.
Top notch service, a powerful network, superior marketing, and in-depth market knowledge are as important as ever when buying or selling property. The sky is not falling, homes are still selling, and Park City is still an incredible place to live, retire, or raise a family. If you are interested in looking at numbers specific to your neighborhood, or are thinking of buying or selling real estate in the near future, please, call, text, or email me, and I will help in any way I can.

Paula

Tuesday, May 5, 2020

WHAT'S YOUR HOME WORTH...

WHAT'S YOUR HOME WORTH...





Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Tuesday, April 7, 2020

THE HARDEST STEP IN SELLING YOUR HOME IS PRICING IT RIGHT...

FREE HOME EVALUATION...





Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Friday, March 20, 2020

money saving moving tips

Whether it be a new home, new office, down the block, or across the country, moving is not always fun.
One of the biggest questions that I seem to consistently hear from clients moving to Park City, UT is the high cost to move across the Country, or darn, even a couple hundred miles away!
Moving is stressful and tiring, but the costs that come along with moving can quickly add up.
Luckily for you, I have a few ideas onWhether it be a new home, new office, down the block, or across the country, moving is not always fun.
One of the biggest questions that I seem to consistently hear from clients moving to Park City, UT is the high cost to move across the Country, or darn, even a couple hundred miles away!
Moving is stressful and tiring, but the costs that come along with moving can quickly add up.
Luckily for you, I have a few ideas on money saving moving tips to avoid the stress and help you save some dollars.
The first tip for you to save some dollars on your moving cost is to pack the little stuff yourself. 
Packing your kitchenware, shoes or books yourself will take time and therefore money off your final moving bill. You could also drive the little stuff to the new place yourself and only have the movers take care of the heavy items.
Most of us have many items we don’t seem to want to get rid of even though we never plan on using them again. To help you save the money, now is the 
perfect time to get rid of them.
It will also save you space and you won’t have to worry about packing them up and moving them (or paying to have them moved) when the big day comes.
An easy and effective way to get rid of your unwanted items is to have a garage sale which will definitely put extra money in your pocket. You could also take some of your unwanted items to a local donation center and have a tax deduction at the end of the year.
A garage sale will also save you space and you won’t have to worry about packing them up and moving them (or paying to have them moved) when the big day comes.
You should be measuring your new place and see if your old furniture will fit through the doors and corners. If it doesn’t, consider adding them to your garage sale.
Some people even USPS, their shipping rates are affordable and may even end up costing you less than using a rented truck. However, if you end up shipping your items, make sure to use brand new boxes as they are sturdier.
Hopefully, you are lucky enough to have friends with trucks or bigger cars, hiring a low cost moving company is very helpful and time efficient. Make sure you research different moving companies carefully to find as much information possible before choosing.
Moving companies charge more during the busy seasons or weekends. If you are able to plan your move date during the slow season like early winter, fall, or during the week, you can save a lot of money.to avoid the stress and help you save some dollars.
The first tip for you to save some dollars on your moving cost is to pack the little stuff yourself. 
Packing your kitchenware, shoes or books yourself will take time and therefore money off your final moving bill. You could also drive the little stuff to the new place yourself and only have the movers take care of the heavy items.
Most of us have many items we don’t seem to want to get rid of even though we never plan on using them again. To help you save the money, now is the 
perfect time to get rid of them.
It will also save you space and you won’t have to worry about packing them up and moving them (or paying to have them moved) when the big day comes.
An easy and effective way to get rid of your unwanted items is to have a garage sale which will definitely put extra money in your pocket. You could also take some of your unwanted items to a local donation center and have a tax deduction at the end of the year.
A garage sale will also save you space and you won’t have to worry about packing them up and moving them (or paying to have them moved) when the big day comes.
You should be measuring your new place and see if your old furniture will fit through the doors and corners. If it doesn’t, consider adding them to your garage sale.
Some people even USPS, their shipping rates are affordable and may even end up costing you less than using a rented truck. However, if you end up shipping your items, make sure to use brand new boxes as they are sturdier.
Hopefully, you are lucky enough to have friends with trucks or bigger cars, hiring a low cost moving company is very helpful and time efficient. Make sure you research different moving companies carefully to find as much information possible before choosing.
Moving companies charge more during the busy seasons or weekends. If you are able to plan your move date during the slow season like early winter, fall, or during the week, you can save a lot of money.


Tuesday, March 3, 2020

FIND YOUR HOMES SWEET SPOT, PRICE IT RIGHT...

FREE HOME EVALUATION...





Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Tuesday, February 4, 2020

IT NEVER HURTS TO GET A PRICE CHECK...

FREE HOME EVALUATION...










Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

Wednesday, January 1, 2020

WE KNOW THE REAL ESTATE MARKET....

FREE Home Evaluation...a $495 Value




Red Line
Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. We cannot accept any liability for virus contamination.

TIME FOR A NEW NEST...

FREE HOME EVALUATION... Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If yo...