Park City Blog

Wasatch Front December Market Update

By Berkshire Hathaway HomeServices Utah Properties
Nov 24, 2015

Active listings (inventory) are down 23% from October 2014, but Pendings are actually up by the same margin of 23% in Salt Lake County--this is perhaps the strongest indicator we have of the health of our housing market. Buyer interest has remained strong even in a slightly limited market. The Ogden and Davis County markets are witnessing even more pronounced versions of the same trend.

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In terms of pricing, the median price for single family homes in Salt Lake County is $245,000, which represents a downturn from this summer. In July, Salt Lake City hit the peak of its market at $257,000 -- to see that number come down suggests that the market is adjusting based on buyer demands. The market seems to have found its ceiling. Similarly, we are seeing almost the same number of sales from last year, giving professionals reason to believe that our market is healthy and growing at a marginal rate that is advantageous to clients.

What creates a company culture? Community giving. Camaraderie over competition.

By Berkshire Hathaway HomeServices Utah Properties
Mar 09, 2015

We care passionately about supporting the needs of our community. Civic involvement forms the foundation of our company culture at Berkshire Hathaway Utah Properties. As a company we gave $110,000 in community donations last year; just as importantly, according to a survey we sent out to our 400+ agents, 80% of respondents are actively involved as volunteers and 90% identified as regular donors to non-profit organizations. As a company, we are inspired by the great humility and example shown by our agents and constantly look for ways to positively impact the localities in which we operate.

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Some of our company supported community partnerships include: a longstanding sponsorship of the Park City Performing Arts Foundation and its “Big Stars Bright Nights” outdoor concert program, the Summit County Shop-with-a-Cop event (underserved children select Christmas gifts with local law enforcement officers), the Turkey Drive (ensures in need families sit down to a true Thanksgiving dinner), Running with Ed, and the Mountain Trails Foundation Film Festival.

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As a business, we champion green building, regional economic growth, and responsible development. Real Estate remains one of the biggest industries in Utah and acts as an important indicator of our state’s economic health. As a company, we facilitate and encourage relocation and second-home ownership in Utah, which contributes to the state’s economic growth. Just as we encourage people to reside in Utah, our company is a firm believer in the necessity of responsible growth, and we always consider the needs and limitations of our community when it comes to representing developments. We represent the first sustainable development in Park City and constantly leverage our reach through our company blog and social media to support green building and environmentally sound building. Salt Lake and Park City should remain authentic and colorful.

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Real estate agents are independent contractors and often compete with each other. Our company culture champions camaraderie over competition; during our weekly sales meetings, agents openly share vital information with one another, which improves all of our clients’ experiences. Open office doors ensure that knowledge and experience is shared and mentoring happens throughout the year.  We also have a company Culture Club that looks for ways to support our agents’ professional and emotional needs.

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