Private Park City Community, Promontory Club, Shares Announcements for the Future of the Master-Planned Development and Reaches Record Sales in 2021

Posted on 7 January 2022 | 2:24 pm

PARK CITY, UTAH – Locally owned and operated since 1976 as Berkshire Hathaway HomeServices Utah Properties and its predecessor companies, Utah Properties has been a leading force in the development of Park City’s real estate market with $5.13 billion in sales in 2021. Promontory is an award-winning 7,200-acre recreational second home and private mountain community in Park City, Utah. Promontory’s expansive mountain setting offers diverse year-round amenities and activities for the multi-generational family. Beginning this year, Promontory Real Estate will be backed by Berkshire Hathaway HomeServices as the office’s listing broker. Steve Roney, Owner & CEO of Berkshire Hathaway HomeServices Utah Properties, provided some perspective on the significance of Promontory joining the fold noting, “Promontory is known for excellence as a luxury home community with world-class amenities and endless activities; promising a lifestyle grounded in outdoor recreation and a legacy where friends and families can make lasting connections. Promontory is a place people want to be. We, at Berkshire Hathaway HomeServices Utah Properties, look forward to supporting this outstanding development.” Promontory Real Estate has broken record sales volume for the second year in a row. Accounting for over 30 of all lot and home sales in Park City, Promontory closed a record $533M and carries another $120M pending transactions into 2022. This is compared to the previous record of over $465M in 2020. The back-to-back record sales years are staggering compared to pre-pandemic numbers from 2019 at $214 million for the year. Promontory Club became an obvious choice for many families that value the abundant outdoor recreation and robust amenity offerings, proximity to the Salt Lake City International Airport, and thoughtful, exquisite design of the architecture throughout the property. Future amenity announcements, to add to the current world-class offering of fourteen signature amenities, include a new short course, a putting course, an indoor golf learning center, an Adventure...  more»

Announcing Our New Branch Broker for the Moab Office: Nikole Andersen

Posted on 7 January 2022 | 9:28 am

Moab, Utah (January 6, 2022)—Berkshire Hathaway HomeServices Utah Properties announces Nikole Andersen as the the Branch Broker of their Moab office. “It is my pleasure to announce that Nikole Andersen is now the Branch Broker of our Moab office. Nikole has an impressive management reputation and sales background in Utah and will contribute significantly to the continued success and growth of our firm,” commented Steve Roney, CEO and Owner of Berkshire Hathaway HomeServices Utah Properties. About Nikole Andersen Originally from Utah, Nikole has been a licensed REALTOR® in the state for over 20 years. She’s known for building and maintaining long lasting relationships with her clients. Nikole has sold properties from Weber County to Washington County, from Tooele County to Grand County. She holds an ABR (Accredited Buyer’s Representative) designation and is also an Associate Broker at Berkshire Hathaway. She is experienced in short sales, new construction, and home buying & selling throughout Utah. Nikole is passionate about the real estate business. She’s known as a problem solver who won’t quit until her clients have the right house to call home. Her top priorities are earned trust, honesty, and always communicating with her clients. This is how Nikole has succeeded in earning repeat client business. In her spare time, Nikole enjoys cycling, running, hiking with her two dogs, and vacations with her family. As a musician herself, she’s also known to follow the local music scene and support up and coming musicians. About Berkshire Hathaway HomeServices Utah Properties Berkshire Hathaway HomeServices Utah is an independently-owned, full-service brokerage with offices throughout Utah with a long-standing track record of market dominance and dependability. Under the Berkshire Hathaway name, our firm provides a new level of real estate assistance and maintains a 1 position in Utah’s marketplace and historic commitment to community-driven service....  more»

Salt Lake City Projected to Have the 1 Housing Market in the US for 2022

Posted on 30 December 2021 | 9:59 am

By now you've probably heard that Salt Lake City has topped yet another list, this time as the 1 housing market projected for growth in 2022 by As we've seen in the past, this projection will likely unfold in a similar manner in many of the other markets throughout Utah, including St. George. So what does this mean? What should we expect? PROJECTIONS The Salt Lake City metro area is forecasted to see a 15.2 year-over-year sales growth. This comes after an already record-breaking performance during the pandemic (March 2020 – present). Mortgage rates are expected to rise to 3.6 by the end of the year. This means it's in your best interest to buy or refinance sooner rather than later if you're banking on low rates to help you save. Housing supply is expected to recover from COVID lows. Homebuyers should expect competition, but there is room for hope: the for-sale housing supply is expected to rebound from pandemic lows as more sellers plan to enter the market.  Sellers will face more competition. Homeowners who are ready to sell in 2022 are in a good position. However, as for-sale inventory begins to return, sellers will face more competition.    HOW TO PREPARE Consider your budget carefully and get pre-approved. To navigate these challenges, buyers will want to carefully consider their budget before embarking on their home search. Getting pre-approved can also help you act quickly when an exciting opportunity presents itself. Well-priced homes in good condition will see the most action. Sellers should strategically consider how to price and showcase their home. A professional REALTOR® can help guide you through this process. Hire a professional. A professional REALTOR® can help you navigate this unprecedented real estate market with confidence and purpose. If you or someone you know is considering buying, selling, relocating or investing– we can help ...  more»

Is the Utah Housing Market Cooling Down?

Posted on 5 October 2021 | 9:07 am

Cooler temperatures means a cooler housing market right? Sort of, but not quite. According to new data, home sales have slowed down ever so slightly. Multiple-offer situations aren't as frequent and we are finally starting to see housing supply tick upward. Inventory is on the rise but compared to previous years, the overall supply is still very low. So what does this mean? Here are our key takeaways: 2021 is still on pace to be the second best year for home sales in state history. Home prices are still high, but with less competition, buyers will have more room for opportunity and negotiation.  Because the market is still competitive, sellers can still anticipate getting top dollar for their homes. If you have any questions about current market conditions, don't hesitate to ask...  more»

The Sundance Film Festival is Expanding

Posted on 5 January 2021 | 11:59 am

Tickets and passes will be available for purchase January 7 The 2021 Sundance Film Festival, taking place January 28 to February 3, 2021, is expanding to screens everywhere—catch a movie right from your computer screen or visit an in-person showing at their newly coined 'satelite screenings', taking place at multiple venues across the country. Online Experience This year there will be 72 feature films and numerous shorts all available to you with a ticket or pass at scheduled virtual showings. In a normal year, an attendee might be able to squeeze in two movies on day one if they're feeling ambitious, but in this new format you could see up to three. See the full Sundance Film Festival program here.  The New Frontier In addition to the films and shorts, users will have plenty else to keep them busy with the festival's New Frontier program offering virtual reality, augmented reality and interactive virtual spaces for 14 streaming works of art, live Q&A's and new online environments to interact with and participate in. In-Person Experience Sundance is bringing the Festival to a collection of arthouse cinemas, drive-ins, and pop-ups across the country, some of which are located in: Park City, Salt Lake City, Denver, San Francisco and more. Tickets to the in-person screenings will be sold through the partner theaters. You can see the full list of partners here. Tickets Despite this year's festivities being mostly online, each screening will have a limited number of streaming slots available. Tickets for individual screenings and multiple-film passes go on sale January 7. You can visit their website here to get yours.   Image: Jet Tone Films, from ‘One For the Road,’ to be featured this year....  more»

Utahns are on the Move

Posted on 2 December 2020 | 12:52 pm

According to 2019 U.S. Census Bureau data, almost one in every six Utahns either moved into, out of or somewhere new within the state in 2019.  The most in-migration by a landslide was from Califorina (17,821), then Nevada (10,529), Colorado (7,856), Idaho (6,752) and Arizona (6,031). The top destinations for departing Utahns were Texas (10,072), Arizona (8,917) and Idaho (7,371). Over a half-million Utah residents moved: 389,000 within the state, 96,000 from another state and 16,000 came from abroad. Utah has continued to be a desirable location for younger people. The state's average age is the lowest in the country: 30.7. What have we seen in 2020? This year, Utah has seen an influx of new buyers as the pandemic-triggered urban exodus continues around the country. The greater Wasatch Front market experienced a remarkable 13 increase in the total number of transactions that closed in the third quarter this year with inventory averaging 50 less than in Q3 of 2019. The greater Park City real estate market experienced a remarkable 85 increase in the total number of transactions that closed in Q3 this year. Dive deeper with some of our pieces: Why Utah? Essential Economic Insight During the COVID-19 Pandemic Wasatch Front & Wasatch Back 2020 Q3 Market Overviews Whatever the future holds for you and your family, whether its relocating to another state or moving within, don't hesitate to reach out to a Berkshire Hathaway HomeServices Utah Properties professional.  ...  more»

The Housing Shortage in Utah

Posted on 31 August 2020 | 11:09 am

Like in many industries, there was certainly some cause for concern in real estate when the pandemic came about. New listings, pending sales and closings all dipped in March and April as uncertainty swept the nation. Fast forward to June, and the Utah real estate market has seen a surge like no other. We've seen record setting numbers both in our brokerage and this market: pending sales have poured in and closings are right behind them. Compared to last year at the same time, our pending contracts have doubled. While this buyer confidence is a promising sign for our market, it means that the pre-existing inventory shortage has only been worsened. So now what?  Why is this happening?   Federal mortage rates are at an all-time low: 2.99 Before the pandemic, demand was already high in Utah. This is the market's way of overcorrecting Many out-of-towners are leaving big cities due to social unrest, high taxes and COVID seeking the Park City lifestyle We are seeing a significant increase in out-of-state buyers, putting even more strain on the low inventory The average length of time homebuyers stay in their homes has increased over time: now 10 years  How long will the craziness last? The high demand for homes will almost certainly carry into Fall. Some experts are predicting it will continue well into 2021 Fear not, we are seeing an increase in seller confidence. New listings growth has recovered to pre-pandemic levels  What does it mean? NOW is the time to buy. Prices are continuing to increase, and these low mortgage rates wont last forever Sellers are getting more for their listings due to the high demand...  more»

Local Virtual Events, Classes and More

Posted on 6 August 2020 | 9:24 am

  Given the current situation in which we’ve found ourselves, it might feel like there's not much to do. While that might be true in the physical world, there are still plenty of offerings from your favorite places online. Help support Utah business while also learning and having fun Check out some of these Utah based virtual events and classes below.   TRACY AVIARY  Virtual Paint Along, Birds & Brews and more.   RED BUTTE GARDEN Online classes and virtual summer camps.   OGDEN NATURE CENTER Wild Wednesdays.   CRAFT LAKE CITY The Virtual DIY Festival, Workshops, Classes and more.   KIMBALL ART CENTER Creatively Quarantine: Online Classes, Learning and Virtual Celebrations...  more»

5 Utah Drive-ins Ready For Your Business

Posted on 1 June 2020 | 4:38 pm

 With summer right around the corner, things definitely feel a bit different. Many industries that would otherwise thrive this summer have found themselves postponed or even closed for the year. We admit, it had been a while since we've rolled up to the big screen ourselves, but we promise one trip will have you feeling nostalgic and optimistic about the summer ahead. To get more information on showtimes and each drive-in's COVID-19 guidelines, visit the websites linked below. Enjoy   Redwood Drive-In, West Valley City (Pictured)Learn more here.   Motor Vu Drive-In, Riverton (Opens June 5)Learn more here.   Echo Drive-In, RooseveltLearn more here.   Motor Vu Theatre, Tooele Learn more here.   Basin Drive-in, Mount Pleasant Learn more here.   Photo courtesy of Steve Griffin, Deseret News  ...  more»

What Does the Home Buying and Selling Process Look Like During COVID-19?

Posted on 1 May 2020 | 4:41 pm

Things are a little different, but when you're equipped with the right technology and tools, the process is streamlined and efficient. Here's a look at how the COVID-19 pandemic has changed real estate processes, and how we've adapted with it. VIRTUAL HOME BUYING Virtual Consultation. Schedule an appointment by phone or video conference to understand your real estate needs and goals. Reporting. Create a report consisting of available properties, market history and statistics through MoxiWorks, a dynamic CMA platform. Online Home Search. We will continually send you newly listed homes that match your search criteria as soon as they hit the market. Mobile App. Explore homes and areas with our Utah Properties mobile app featuring real-time MLS updates. Virtual or Live Tour. See selected homes virtually or with a live tour. We will follow proper CDC & NAR guidelines when touring a home. Digital Negotiations/Addendums. Create offers and addendums via digital platforms. Electronically Sign. All of the paperwork is done electronically and securely. Title and Escrow. Wire deposits directly, Escrow handled remotely. Inspections. Inspections reports sent and reviewed digitally. Closing. Funds and documents are completed digitally to facilitate closing. Get the keys VIRTUAL HOME SELLING Virtual Consultation. Schedule an appointment by phone or video conference. Establish Pricing. Your pricing strategy is facilitated via an intensive proprietary market analysis system that features live MLS updates. Market Preparation. We will walk you through the necessary steps to make sure your home is market-ready including home staging ideas and tips. List Home for Sale. We complete the necessary steps to officially list your home to the market. Market and Syndicate Home Online. Over 90 of consumers search for property online. We syndicate and market your listing locally and globally. Track Buyer Activity/Views Online. We monitor the interest your property receives online. Virtual or In Person Home Tours...  more»

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