Contemporary Homes Blog

149 White Pine Canyon Rd in the Colony at White Pine

By Joel Fine
Apr 10, 2019

Ski In Ski Out--Panorama and Winterway Runs at Park City Mountain--Canyons Side

7 bedrooms, 10 bathrooms, 6 fireplaces, 11,998 square feet, situated on 6.95 acres with great down valley views!

List Price $7,500,000

Imagine being able to start your day on the longest ski run that The Colony has to offer. Start before the public gets a chance to track up your private powder runs. Direct Ski-in/Ski-out off of Panorama. This beautifully designed contemporary home features an open and spacious floor plan with multiple and unique spaces. (7 Bedrooms with en-suite bathrooms. This beautifully designed contemporary and spacious home includes a large fitness room, an indoor Jacuzzi, steam room, and shower. Main floor master with a huge closet, ski room, chefs kitchen, large pantry, formal dining area, a living room for entertaining and two family rooms on the second level. Don’t forget the wet bar and wine room on the upper level. You have to see this home to appreciate all it has to offer!

Link to virtual tour, pictures and a 3D walk thru:

http://www.spotlighthometours.com/tours/tour.php?mls=11902000&state=UT&contact

Contact Listing Agent:  Joel Fine 435-901-2171, joel@fineproperty.com

 

Defining the Many Forms of Factory Built Homes

By Joel Fine
Feb 05, 2019

Prefab 101: Defining The Many Forms Of Factory-Built Homes

Sheri Koones
Great read from a friend who knows what she is talking about!
Joel Fine
Realtor-Berkshire Hathaway HomeServices
Cell 435-901-2171
Email joel@FineProperty.com
www.joelfine.com

Talisker Club--Newest Gathering Place

By Joel Fine
Jan 31, 2019

PARK CITY, UT (January 31, 2019) – Storied Deer Valley, LLC, the owner and developer of Talisker Club in Park City, Utah, today announced the acquisition of the historic Coal & Lumber building, with plans to transform it into the newest Talisker Club gathering place, restaurant and lounge.

Plans are underway for the 5,422 square foot building, located at the intersection of Main Street and Heber Avenue, with preliminary concepts including a fine dining restaurant, a coffee shop and wine bar and a member-only après ski lounge and patio.The creation of this newest downtown dining and gathering experience is all within easy access to Main Street and Park City Mountain’s Town Lift. Full details remain in process with a planned opening slated for later this summer.

The recent acquisition of the iconic building is part of Storied Deer Valley’s long-term plan to further invigorate the Talisker Club brand. “We are excited to offer both our members and the public a new gathering spot in Downtown Park City,” said Mark Enderle, Storied Development Partner. “This acquisition is another step in continuing to enhance the Talisker Club experience.”

Click here for the full press release.

Joel Fine Realtor Berkshire Hathaway Park City, UT

Cell: 435-901-2171

Email:  joel@FineProperty.com

www.joelfine.com

 

 

2 Bedroom Condo for Sale in Canyons Village 3720 N Sundial Ct Unit#C-415 A/B

By Joel Fine
Jan 22, 2019

Location, Location in the heart of Canyons Village.  List price $715,000

See the link for a virtual tour and pictures  http://www.spotlighthometours.com/tours/tour.php?mls=11808293&state=UT&contact

Some pictures below

Beautiful views towards Iron Mountain. 2 bedrooms, 2 bathrooms; FULLY REMODELED IN 2011; Granite countertops throughout - slate entryway, kitchen, and bathrooms - stainless steel appliances - new paint this summer - all new furniture. Walk to 3 lifts close to Canyons forum with retail shops and eateries. Prime ski access located in the center of the Canyons Resort Village. "Ski Gondola", "Umbrella Bar", "The Farm Restaurant", "Red Tail Grill". Family fun and great adventures await you at North Americas largest ski resort

Contact Joel Fine Realtor Berkshire Hathaway 435-901-2171 joel@FineProperty.com

Silverado Condo For Sale-2653 Canyons Resort Dr Unit 421/423

By Joel Fine
Jan 22, 2019

This Silverado Lodge residence is one of the most unique in the building. This a 2 bedroom 3 Bath with a studio attached. A total of 4 doors to the hallway for maximum rental flexibility. Beautiful mountain construction in the core of the Canyons Village. Residences are a great value with alder cabinets, granite counter tops, stainless appliances, flat panel TVs. Fully furnished - ready to enjoy and rent. The unit has south facing mountain and ski area views. Silverado amenities include front desk, fitness room, pool, and hot tub. Silverado Lodge is located at Canyons Village at Park City Mountain Resort.

List price:  $639.000.

Contact Joel Fine Realtor Berkshire Hathaway 435-901-2171 joel@FineProperty.com

See the virtual tour and pictures via the link below

http://www.spotlighthometours.com/tours/tour.php?mls=11808144&state=UT&contact

 

Second Quarter Park City Market Update

By Berkshire Hathaway HomeServices Utah Properties
Jul 21, 2016

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Sales Volume

Sales are up 12% in Park City and 35% in Heber

The total sum of all sold transactions in Park City from the first six months of 2016 suggests steady, but measured growth. The total volume of sales, roughly $800,200,000, is up 12% from the same time last year. This increase in sales volume can be attributed to a 20% increase in Single Family homes during the first six months of this calendar year.

Quick Takeaway: Sales volume is up. 

Closings

There have been roughly 400 closings this year in Park City, roughly the same as last year. . There were close to 300 closings in Heber Valley, a 35% increase from last year. 

The number of closed properties in Park City showed a recovery from a slight downtick in the first quarter of this calendar year. Looking year-over-year, closed sales have remained fairly flat the last four years with the number of closed transactions at the second quarter benchmark remaining right around 400.

Heber Valley, on the other hand, has experienced tremendous activity.

Quick Takeaway: Number of Sales are steady and have been for the last four years in Park City. Heber Valley and surrounding areas have seen increased interest. 

Listings

Listing inventory in Park City, while still a bit constrained, has remained level for the last 12 months. There are currently 1,186 listings as of July 1 of 2016 compared to 1,170 from the same time last year, suggesting a stabilized inventory level.

Quick Takeaway: Listing inventory has remained steady at around 1,000 active listings for the past 2 years.

Absorption Rate

The current absorption rate, which is the rate at which available homes are sold in a specific market during a time period, suggests a much higher demand for anything under $660,000 for condos and anything under $1.6 million for family homes. Condos under $660,000 have an absorption rate of 4.6 months; whereas, condos over $660,000 have an absorption rate of 15.4 months. As the absorption rate is calculated by looking at the ration between available homes and monthly sales, these indicators suggest the importance of accurately pricing with the help of a seasoned professional. Overall, the absorption rate is gradually decreasing.

Quick Takeaway: The absorption rate is decreasing, suggesting the importance of accurate pricing and strong buyer demand at the right price point. 

Pricing

Prices are increasing both in and around Park City at a steady clip. Since January of 2012, the median price of single family homes in Park City has increased at an average of 7.2% per calendar year. The rolling median is up 12% from 2015, with the average price of single family homes increasing at a rate of 12.8%, suggesting a bullish local market.

Quick Takeaway: Prices are increasing, but a gradual rate.

Berkshire HathawayHS.com Goes Global

By Berkshire Hathaway HomeServices Utah Properties
May 18, 2016

Berkshire Hathaway HomeServices is expanding globally and our website is making the change, too.

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The new website features language, currency and measurement options for prospective buyers both in the U.S. and abroad whose native language may not be English. Global consumers accessing BerkshireHathawayHS.com may search for homes in any city or state serviced by our franchisees. What they’ll find they can’t get anywhere else: full MLS data containing all listings in their search area, including our own Berkshire Hathaway HomeServices listings in their language of choice. Berkshire Hathaway HomeServices . . . Good to Know. ®

To complement our international platform, Berkshire Hathaway HomeServices now sends your listings to over 35 countries throughout the world!

Utah-One of the lowest property tax rates in the country

By Berkshire Hathaway HomeServices Utah Properties
May 06, 2016

According to the National Association of Realtors:

The average median property tax rate across the nation is 1.31 percent. That means a home owner with a home valued at $200,000, on average, pays an annual amount of $2,620 in property taxes, according to an analysis by CoreLogic’s data team.

Illinois has the highest median property tax rate at 2.67 percent. Hawaii, on the other hand, has the lowest at 0.31 percent.'

“While higher median tax rates are seen primarily among states in the northeast, a notable exception is Texas, which has a median property tax rate of 2.17 percent,” CoreLogic reports. “Typically, the states with the highest property tax rates, with the exception of Illinois, have multiple levels of tax collection. Conversely, the majority of states with low median tax rates have a single level of collection at the county level. Other than Hawaii, the lowest median property tax rates are primarily in the Rocky Mountain region and southeastern states.”

Owning a home is one of the best ways to increase your personal equity and with a property tax rate of .75%, Utah is one of the best places to start that process.

Reach out for more information.

Park City Current Market Snapshot

By Berkshire Hathaway HomeServices Utah Properties
Apr 28, 2016

FIRST QUARTER

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Greater Park City Area

Single Family Homes Sold this Quarter: 180

Average Single Family Sale Price: $1.3 million

Median Single Family Sale Price: $722,000

Condominiums Sold this Quarter: 151

Average Condo Sale Price: $800,000

Median Condo Sale Price: $500,000

Wasatch County

Single Family Homes Sold this Quarter: 58

Average Single Family Sale Price: $584,000

Median Single Family Sale Price: $434,000

Condominiums Sold this Quarter: 35

Average Condo Sale Price: $429,000

Median Condo Sale Price: $355,000

Reach out for a comprehensive overview of Park City's market and your neighborhood's trends.

Utah ranked No. 1 Best State for Business for 2015—the fifth year out of the last six

By Berkshire Hathaway HomeServices Utah Properties
Apr 28, 2016

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From the Governor's Office of Economic Development: 

When you think of the nation’s greatest sports dynasties, you might think of the Boston Celtics, New York Yankees or Green Bay Packers. Now think “economic dynasty”—and Utah should come to mind. Forbes magazine once again ranked Utah as the No. 1 Best State for Business for 2015. This marks five out of the last six years in the top spot.

“We’ve enjoyed years of success but have also learned a very important lesson: it’s much harder to stay on top than it is to get there,” said Governor Gary R. Herbert. “It’s always exciting to earn top accolades, but it’s even more meaningful that this is our fifth win from Forbes. It means that all of our work to maintain a winning business environment is working. It means we’re continuously building a champion state.”

Utah has been ranked No. 1 for economic outlook every year since 2008. Everyone from the Washington Post and Fortune magazine to The New Yorker has been talking about Utah, trying to discover the Beehive State’s secret to success. Collaboration is one of the state’s not-so-secret strengths.

“Sports dynasties don’t happen because of one star player or a single miracle play,” said Val Hale, executive director of the Governor’s Office of Economic Development. “They happen because of focused strategy, tireless effort and—perhaps most importantly—teamwork. The same goes for Utah’s economy. This is the result of continued partnership between Utah’s greatest in business, government, education and our communities. Team Utah has built an incredible economic dynasty.”

The Forbes ranking comes just days after the U.S. Chamber of Commerce’s latest research titled “Enterprising States: States Innovate.” Utah took top marks in all six measured categories, including business climate and high-tech performance. The state won the No. 1 spot for innovation and entrepreneurship, garnering the label of “most fundamentally sound state” from the Chamber.

One point in the Chamber’s study is reminiscent of 2013—the one year in the past six—that Utah ranked a still noteworthy No. 3 rather than No. 1 with Forbes. One area for improvement in the “States Innovate” report is talent pipeline. Utah barely missed the top ten for the category taking the No. 11 spot.

Like any hall of fame team, Utah’s overall success lies in a proactive focus on the fundamentals: reduced regulation, spending within means and, when necessary, implementing “cross-training” and “conditioning” to perfect our economic play.

Just last month, an unprecedented collaboration between government, industry and education leaders produced the Utah Aerospace Pathways (UAP) program. The program is designed to place high school students on the fast-track for aerospace careers, landing them in high-paying jobs right after high school graduation. UAP serves as a pilot for similar education programs for other industries—such as the IT and software sector—along with incumbent worker training programs. Coupled with other endeavors such as the STEM Action Center’s grant programs and teacher trainings, all hands are on deck for tackling workforce development. The idea is to create sustainable economic development.

“Our job as part of Team Utah is to work with companies that are considering Utah for expansion, so we see the business site selection process regularly,” said Jeff Edwards, president and CEO of the Economic Development Corporation of Utah. “Receiving the Forbes Best State for Business ranking again in 2015, and for the fifth time in six years, confirms what we hear from companies every day: no one else does economic development like Utah. The model we have in this state, with industry support, local community participation and leadership from the Governor’s Office—it is uncommon and remarkable.”

 
 
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