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In November, the local market begins to transition into the shoulder season, a period during which real estate activity typically moderates. In the Park City and Heber Valley markets, a majority of the activity was concentrated in the first two weeks of November, signaling the slowdown that is typical as we head into the holiday season. In the Jordanelle, activity increased —...
Are you buying, selling, or considering renting a property listed on Airbnb or VRBO? If so, read on. I showed a two-bedroom condo near Park City’s Main Street last fall. The agent/owner was taking Airbnb rentals while selling the property. He bragged to me that he had $85,000 in rentals booked for the upcoming season. I informed him that that was going to be a probl...
By Justin Altman and Nancy Tallman Imagine traveling between your Scottsdale, Arizona, and Park City homes with your dog by your side. That’s exactly what my next-door neighbor does. After traveling on JSX, she is never going back to Delta. As the Park City real estate market evolves and grows, so does the sophistication of our visitors. We are excited to share that...
A couple of weeks ago, we shared the October sales numbers (see here), and they tell an interesting story: I’ve recently attended several luxury real estate conferences across the country, and the message is consistent: Updated or newly remodeled homes that are priced right are selling, and quickly. This holds true even in traditionally slower markets like Austin or...
We work with a lot of clients who dream of owning a vacation home in Park City and offsetting some of their carrying costs by renting out their home when they are not using it. But here’s the catch: not all neighborhoods in the Park City area allow vacation rentals. In fact, rental regulations vary significantly depending on whether the home is in Park City proper o...
