PAULA HIGMAN REAL ESTATE NEWSLETTER February 2022

 

PAULA HIGMAN REAL ESTATE NEWSLETTER February 2022

Greetings! Welcome to another February. Here we are in the first few days of February and the month of love. We made it through recovering from snowstorms and Covid and regrouping in January. We have recognized the current challenges in our real estate market and that it is still very much a seller's market. There is a lot of demand for each property that comes up for sale. If you're a buyer, be ready to hustle to get the property you want! I hope you are doing and planning things that you love, with the people you love. What Does it Mean for Home Sellers? Home sellers may want to jump on the market while inventory is still low. With a limited number of homes on the market, homes that are priced correctly can expect to sell quickly and get multiple strong offers. What Does it Mean for Home Buyers? Mortgage rates are increasing, the rate is currently hovering around 3%, which means buyers may want to act sooner than later. Hope may be on the horizon, with more homes being predicted to come on the market in 2022 providing more options and opportunities for buyers. 2022 Real Estate Season  We expect that home prices will continue to increase at a more moderate pace into 2022, especially in Utah, where we are seeing unprecedented growth. The Wasatch Front alone is predicted to see a 60% population increase within the next 40 years.  If you are ready to sell your property, NOW is a great time. It has never been more crucial to have the assistance of a real estate professional. Experience matters when it comes to selling real estate, and Paula Higman Real Estate is here to help. Read more from the Park City Board of Realtors Sincerely, Paula Higman Coldwell Banker Realty (435) 602-8228 paula@paulahigman.com www.paulahigmanrealestate.com

PARK CITY FEBRUARY EVENTS CURRENT LISTINGS LUXURY MARKET REPORT The Luxury Market Report, your guide to luxury real estate market data and trends for North America, produced by The Institute for Luxury Home Marketing. This report provides an in-depth look at the top residential markets across the United States and Canada.  Click below to see report. NORTH AMERICA REPORT PARK CITY REPORT PAULA HIGMAN REAL ESTATE WEBSITE LIFESTYLE & MARKET INTELLIGENCE | PARK CITY REAL ESTATE OUR BLOG Our blog has lots of great local information and market intelligence to help you learn more about Park City and the real estate market. Please contact us if you have any questions. We would be happy to assist you. BLOG FOLLOW US SEE WHAT'S HAPPENING ON PAULA HIGMAN REAL ESTATE SOCIAL SITES  ‌  ‌  ‌  ‌  ‌  ‌ LIFESTYLE SEARCH LET YOUR PASSIONS GUIDE YOU TO THE LIFESTYLE YOU WANT TO LEAD. MAKING THE RIGHT INTRODUCTIONS is what a full service agent does. I often have clients with real estate needs outside my area of expertise. For some it's time to relocate, others are shopping for vacation, retirement or investment properties. Whatever your needs, I have the resources - complimentary to you - to find an experienced real estate professional who can provide the local knowledge and market expertise you need when and where you need it. If you, your family, or friends have a local, regional or national real estate need, contact me - I can help. I appreciate your referrals.