Park City Real Estate Trends

Home Upkeep during Winter: How to Keep Your Property Values Up Through Proper Winter Home

By Todd Anderson
Sep 24, 2015

Wsnow-winter-chairs-seatsinter preparedness is essential in the Park City area, especially when it comes to your home. When you properly care for your home during the cold months, it can not only keep you warm, but can also maintain your property values.

Here are a few tips for winterizing your home.

Drain your outdoor watering systems. You should drain and blow out your sprinkler systems. In addition, you should ensure that your outdoor spigots are drained as well.

Ensure that your pipes are well insulated. Proper insulation of your pipes can help prevent pipes from freezing and bursting. If your pipes are not well insulated, you should have your faucets open to a trickle to prevent freezing.

Install weather stripping. Use caulk and weather stripping around any doors and windows that may have large gaps that allow cold air in. You can also use expanding foam. Using shrinkable plastic over leaky windows can also help keep the cold air out.

Exterior drains and gutters should be free of debris. If your gutters and drains are not clear, they may back up when the snow melts. This can cause them to get weighed down and break, which can be costly to repair.

Tune up your furnace. Your furnace should be checked by a professional about every other year. Additionally, your furnace filters should be changed regularly. These steps will ensure that your furnace is working efficiently. Also, the filters collect dust and debris so when they are dirty, your furnace may have to work harder to warm your home.

Have your chimney inspected. Soot can collect in chimneys and clog it, which can be a fire hazard. Have your chimney inspected each year before the winter season to prevent serious issues.

Cover your outdoor furniture. Put a cover on your grill and any other outdoor furniture. Over time, cold and snow can damage wood and metal.

Proper home maintenance can help you avoid costly repairs, as well as help you keep your property in the best shape possible.

If you would like more home care tips, the professionals at and KW Park City Keller Williams Real Estate have the knowledge and experience to help you. If you are interested in selling or purchasing properties in the area, we can also help guide you through the process. We are here to help!

Park City Real Estate Numbers Surging in 2015

By Todd Anderson
Sep 11, 2015

This year has seen a huge Park City Real Estate Trendsincrease in the Park City Real Estate Market. We are seeing numbers similar to those we experience prior to the 2008 recession numbers.

According to statistics from the Park City Board of Realtors, for the first two quarters of 2015, home sales are up 9 percent over the same period in 2014. This represents the highest numbers for the first of half of any year since the recession. Additionally, during the same time period, total dollar volume is up by 11 percent.

We have been experiencing an improvement in the real estate market over the past two years; however, the growth was slow become there were not many homes on the market. Rising prices during the first quarter of the year helped open up the market.

Record lows were seen in terms of inventory and that drove up prices. Many who were thinking of selling waited for prices to rebound and then made the decision to sell, which resulted on more homes appearing on the market during the second quarter of this year.

Throughout the country, the real estate market is becoming stronger, which reflects the boost in the Park City market. Additionally, Utah’s economy is one of the strongest in the country, which has brought many of people to the Park City area.

According to figures from the Board of Realtors, sales have been strong in areas such as Park Meadows, Old Town, and Prospector. Neighborhoods in the Snyderville Basin are also experience strong numbers, with the median sales price of a single-family home in the basin coming in at $850,000 — up 18 percent.

One message being seen by area realtors is that Vail Resorts will be bringing people to Park City. Vail Resorts presence in Park City will be bringing both visitors and new residents to the area.

If you are interested in buying or selling real estate in the Park City and surrounding areas, feel free to contact us at Our professionals will be able to help you either buy or sell property in this fast-growing and every-changing marketplace.

New Way to Sell Real Estate: The Auction Block

By Todd Anderson
Aug 21, 2015

auction saleThere’s a new business model for selling real estate in the Park City area that is becoming increasingly popular. As you may know, the usual way to sell property is to hire a real estate agent, who then puts the property on the market and stages it. Then you wait for an acceptable offer, which with any luck, will let the seller walk away with a substantial check.

However, now a new approach has hit the Park City real estate market. It has become an enticing proposal for homeowners to put a property up for auction — especially if they have the desire to sell the home quickly.

Instead of waiting for lengthy periods of time to sell high-end property, homeowners are now auctioning their real estate when they are willing to risk getting a lower price in exchange for a faster sale.

Essentially, homeowners will pay an auction firm an upfront fee to market their homes across the country, as well as internationally. This will result in a large number of potential buyers by the auction date.

In reality, one thing that real estate agents may not do as effectively as an auction house, is to bring a sense of urgency to the sale.

Additionally, the process can be so successful that an actual action doesn’t happen. Agents in this area have seen properties that have been ready for auction go to a buyer who just didn’t want to lose the home, so a price that is just to good to pass up is offered. And for sellers, this is a great outcome.

There are, however, some risks that may come with the auction process. For instance, with an “absolute” auction, which is an instance where the top dollar that the bidders are willing to offer becomes the final price. There is no turning back for sellers once the auction has started.

The entire process can be intense. Sellers have no guarantee that the price they want for their property will be met, so it is definitely not a process for the faint of heart.

It is however, a good option for those who are willing to take a more aggressive approach to getting their properties sold — especially those within the higher end markets.

If you are interested in selling properties through an auction process, or even through a traditional method, the Group at KW Park City Keller Williams Real Estate can give you a distinct advantage. Contact us today to discuss all your options!

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