Contemporary Homes Blog

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

 

New Construction: Pendry Residences Park City, Utah Ski In Out

By Joel Fine
Dec 15, 2018

Welcome to Pendry Residences | Park City Pendry Park City will be conveniently located in the heart of Canyons Village at the entrance to Park City Mountain. Construction is set to begin early summer 2019 and be completed for winter 2021.

A spectacular luxury ski-in, lift-out resort will be developed at Park City, one of the largest ski areas in the United States. Pendry Park City will be conveniently located in the heart of Canyons Village at the entrance to Park City Mountain. Construction is set to begin early summer 2019 and be completed for winter 2021.

Pendry Park City is the beginning of a new era of hospitality in Park City. It will be at the heart of Canyons Village as it is part of a larger upper village master plan. The resort is bound to become the social hub of Canyons Village. It will be conveniently located only 35 minutes from Salt Lake City International Airport.

The resort is being developed by Pendry Hotels and Columbus Pacific Development. “We spent a lot of time thinking about the caliber and quality we wanted for this development and ultimately, Pendry represents the service, architecture and experience that will bring a distinctive offering to both guests and residents,” says Brian Shirken, president, Columbus Pacific.

Pendry Park City will offer 150 guest rooms and suites as well as luxury residences. It will offer a contemporary design with a palette of warm woods, stone and metals, designed by SB Architects and IBI Group architects.

“This location in Canyons Village will provide guests a contemporary retreat created with respect for alpine warmth and tradition—a place that we hope will redefine the future of mountain living and hospitality,” says Michael Fuerstman, co-founder and creative director of Orange County, Ca.-based Pendry Hotels.

Pendry Park City will offer a wide array of amenities to its guests that will be beyond compare. Pendry will have the only rooftop pool and bar in the area, in addition to four unique lounge, restaurant and bar experiences with a vibrant après-ski venue. A Japanese-American restaurant will offer mountain fare, steaks and chops along with Japanese standards of sushi and ramen. Casual American fare will be offered in the resort’s recreation facility.

The resort’s Spa Pendry will feature eight treatment rooms and a full menu of treatments. The property will also have a state-of-the-art fitness center, arcade games in the recreation facility and Pinwheel Kids Club. There will also be more than 7,000 square feet of indoor meeting space, including a 4,000-square-foot ballroom.

A Year-Round Mountain Resort Park City is a year-round mountain resort that has more than 7,300 acres of ski able terrain. Owned and operated by Vail Resorts since 2014, Park City Mountain Resort is connected to nearby Canyons Resort via a gondola, and is one of the largest ski areas in the country with 348 trails, four terrain parks and eight mountain peaks. The area has an average annual snowfall of 356 inches. Park City Mountain Resort is a member of Vail Resorts’ EPIC season pass program.

The slalom and giant slalom U.S. Olympic Teams train at Park City and during the 2002 Olympics, Park City hosted the snowboarding events as well as the alpine giant slalom events for both the men and women.

Park City is also the home of the renowned Sundance Film Festival and is a vibrant summer destination. During the summer months, the resort offers lift service access to hiking and mountain biking trails as well as to an alpine slide and an alpine coaster.

Incorporated as a city in 1884, Park City is a charming blend of old and new as 64 of its buildings, many of which are located along the town’s Main Street, are listed on the National Register of Historic Places.

Pendry Hotels Is A Luxury Hospitality Brand A fast growing division of Montage InternationalPendry Hotels is a luxury hospitality brand that operates boutique hotels and residences in such locations as San Diego and Baltimore with other properties currently under development in La Quinta, Ca. (opening 2021), Natirar in New Jersey (opening 2020) and Manhattan (opening in 2021).

Each property offers a unique contemporary style with an emphasis on the arts and local community in the city in which it is located. (See Forbes recent article about Pendry's Natirar property at "Former Home Of King To Become Luxury Hotel and Residences In New Jersey".)

Pendry Hotels is a member of Preferred Hotels & Resorts program. For more information about Pendry Residences Park City, go to www.pendryresidencesparkcity.com.

Contact me for details.  Joel Fine, Realtor, Berkshire Hathaway HomeServices Utah Properties. 435-901-2171 www.joelfine.com

SILICON SLOPES IS THE PLACE TO BE 

By Berkshire Hathaway HomeServices Utah Properties
Aug 03, 2016

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Utah is world famous for having the Greatest Snow on Earth®, but recently, the Wasatch Front has become the home of a rapidly growing tech industry known as “Silicon Slopes”. Technology companies have descended upon the Beehive State spawning exponential growth along the Front. With Tech Giants like Adobe, Twitter and a host of innovative start-ups concentrated in South Salt lake County and North Utah County, residential neighborhoods in Riverton, Bluffdale, South Jordan, Draper and Lehi are bustling with new life.

What was once “small town” and farmland dotting the valley south of Salt Lake City is now the hottest area of growth in the state. The great thing is, several net positives promise to maintain the trajectory.

Location is important and although Utah may seem a bit “out-of-the-way”, it is actually drawing technology companies like no other place. The only state capitol with an international airport, Salt Lake City is a brief hour-and-a-half from the Bay Area and easily accessible to the rest of the world. The city is within minutes of unlimited outdoor activity and world class skiing. Renowned ballet, symphony, theatre and professional sports add to the vibrant community.

Low home prices, competitive salaries, and low operating costs are another draw for business and residents alike. Tech companies relocating from the Bay Area are able to offer their employees better benefits as well as invest more money back into business and product development resulting in better products and a more robust corporate footprint.

The entrepreneurial spirit and capable, willing workforce add to the stability of “Silicon Slopes”. Local universities provide outstanding programs in computer science, engineering and programming. They inspire and supply a healthy work ethic and energize future innovators and executives.

The “Silicon Slopes” area of the Wasatch Front is an exciting place to live and work and its contribution to the state’s economy has solidly secured Utah’s place on the map.

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 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.”

Salt Lake City Spring Market Update

By Berkshire Hathaway HomeServices Utah Properties
Apr 21, 2016

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March 2016 active listings (inventory) was down 32% from March 2015; yet, pending sales are up 8% in Salt Lake City County. This trend of low inventory by high pendings has occurred consistently for the last year. Bottom line: demand for housing remains strong, and inventory remains constrained.

Utah county has slowed slightly as far as pendings and Davis County has the lowest number of listings. The county is down 45% in inventory when compared to the same time last year. Once again, Davis county has more pending deals than they do active inventory.

Weber County is showing the same signs of frantic buyer interest with inventory down 37% from March of last yet, but pending sales are up 9%.

Davis County is seeing the strongest appreciation if you look at the month of March 2016 over 2015, with a 10% increase in median sales price this year.

Median price closed out at $255,000 in SLC county, which is up from January by almost 7%!  Pricing is skyrocketing in the affordable price range; for Wasatch front, anything under $500K is seeing rapid appreciation. Median price in SLC may reach over $260K for all unit types and could surpass $300K for single family homes. That's a ceiling we've never even gotten close to in Salt Lake City.

Remember it's a seasonal market and this is common.  If we remove the seasonality and just compare March 2015 to Feb 2016 median price is up 7%. This conveys that the market ceiling is really being challenged.  On one hand, there is nothing to buy because inventory is low; but, at the same time buyers are experiencing price shock since the market got back to all time new highs in 2015.

Our take: The market will remain hot with more inventory coming to market over the next 90 days and likely will still see strong appreciation until inventory gets back to normal market levels.

 

 

FIRST TIME HOME BUYER CHALLENGES AND TIPS

By Berkshire Hathaway HomeServices Utah Properties
Apr 06, 2016

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Along the Wasatch front, rent is astronomically high while interest rates are still historically low; buying a home seems like a no-brainer. Yet Millennials have been slow to take on home ownership. Why the hesitation?

There are several factors: A recession which brought with it high unemployment resulted in a massive number of foreclosures that attracted real estate investors... in droves. With more rentals available and fewer homes for sale, demand for rental properties increased and with it, skyrocketing rents. In addition, New college graduates looking for higher-paying, career-oriented jobs were sidelined by high unemployment and unprecedented student loan debt limited access to credit and reduced borrowing limits.

Add it all up and Millennials are at a serious disadvantage. However, there are some fundamental tactics to help navigate the current real estate market and succeed in finding a home.

DO YOUR HOMEWORK

There is vital information you should know, but probably don’t, about buying a home. Just because you don’t know, doesn’t mean you can’t know.

Check your credit–This is important! Ideally, you should have ample credit available and only a third of it used. Repairing damaged credit should begin at least 6 months before starting your home search.

Evaluate Assets and Liabilities–Track your income and spending for a couple of months. Compare your earningpower and cost of living. Are you due a raise or can you live more economically?

Qualify yourself–A lender can tell you how much borrowing power you have, but only you know how much you can comfortably spend. Which brings us to...

Unexpected fees–Don’t forget to prepare for these fees: closing costs, property tax, HOA fees, life insurance, mortgage insurance, home insurance, utilities, maintenance, etc.

Figure out your down payment–Once you know how much you can borrow, unexpected costs, and your spending limit, you can figure out a down payment that will keep your monthly payment “comfortable”.

Organize documents–Your lender will need 2 most recent pay stubs, the previous 2 years’ W-2s, tax returns and the past 2 months of bank statements. Knowing what you need and where to find it will save you time and effort.

CONSIDER YOUR OPTIONS

There is dramatically low inventory of starter homes and prices are rising. Many homes are receiving multiple offers which creates challenges for first-time buyers. Increase your chances of finding a suitable property by considering some alternatives.

Go smaller–A smaller home, a smaller lot size or a lower cost neighborhood can reduce your costs.

Take on a project–Homes in need of updating, cosmetic improvement or a manageable degree of repairs are typically cheaper and in less demand.

Share the cost–A duplex or a home with an apartment will allow you to cover your mortgage by renting out one of the living spaces while living in the other. Save money while building equity and when you are ready to move up you can either rent or sell the property and apply the profit to your new home.

MORE TO CONSIDER

Interest rates are at historic lows, and first-time buyer programs, (featuring low or no down payments) are currently plentiful in the industry. With home values rising faster than salaries and comps, a lower home appraisal can be a bargaining chip to reduce the cost of your new home, even in this competitive market.

 
 
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