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Announcing Berkshire Hathaway HomeServices Utah Properties

Prudential Utah Real Estate announced today it has joined the new Berkshire Hathaway HomeServices real estate brokerage network. Effective now, the brokerage will operate as Berkshire Hathaway HomeServices Utah Properties.

The brokerage joins a growing roster of affiliate franchises that have joined the Berkshire Hathaway HomeServices network, which now includes nearly 28,000 agents and 750 offices in 37 states. Already, Berkshire Hathaway HomeServices was named the “Real Estate Agency of the Year” by consumers in the 2014 Harris Poll EquiTrend(r) study.

“We are proud to represent Berkshire Hathaway HomeServices, a brand inspired by the world’s most respected corporation according to Barron’s,” says Steve Roney, owner and CEO of Berkshire Hathaway HomeServices Utah Properties. “As Berkshire Hathaway HomeServices, we will drive performance and profitable growth both locally and globally, long into the future. Our conversion begins a new era for our company and for residential real estate in Utah, and we look forward to building on our tradition of superior client service under our new brand.”

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Blog Posts

Second Quarter Park City Market Update

Posted on 21 July 2016 | 3:10 pm

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. 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.Quick Takeaway: Sales are steady and have been for the last four years. 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.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. 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. ...  more»

Wasatch Front Upcoming Events

Posted on 6 July 2016 | 1:35 pm

JULY EVENTS M,Th,F            Mobile Greens Farmers MarketTues               Outdoor Summer Concert SeriesF,S                  Soda Row Concert Series 20167/1                  Venture Out! For Pure Adrenaline7/1                  Arrival - The Music Of Abba7/1                  Raiders of the Lost Ark7/1-2,4            Western Stampede Rodeo7/1-16             Footloose: The Musical7/2                  Utah National Guard 23rd Army Band7/2                  Stadium Of Fire 20167/2,4               Liberty Days - July 4 Celebration7/2,22             July 4 And July 24 - Racing And Fireworks7/4                  Sugar House Arts Festival7/4                  Family First Mondays At Station Park7/6                  Wild Wednesdays: Red, White And Blue: A Special Independence Day Program7/6,15,27,29   2016 Sundance Institute Summer Film Series7/7                  Corps Encore7/8                  Electronics Recycling, Hhw Disposal Collection7/8                  Two Weeks Notice - Music In The Park7/7-8               Piff The Magic Dragon7/9,16,23,30   Peter Pan7/10                Urban Flea Market7/13                Last Summer On Earth Tour With Barenaked Ladies, Omd, Howard Jones7/14,21,28      Thursday Nights Rock The Park Concert Series7/15                Food Truck Fridays7/15                Antelope By Moonlig...  more»

UTAH'S HISTORY OF INNOVATION

Posted on 5 June 2016 | 11:39 pm

Innovation and entrepreneurship are absolutely necessary in the technology and medical industries to be globally competitive. Even traditional industries have found that they must be more innovative to remain successful. With rapid growth occuring on the Wasatch Front, it is vital that Utah be creative and innovative in creating jobs, relieving traffic congestion, and planning for the future. Thankfully, Utah has a long tradition of both innovation and entrepreneurship.So, what are Utah's innovations and who are Utah’s famous entrepreneurs? Here are a few inspirational notables:• Alan Ashton developed the world’s first word processing software.• Alvino Ray invented the electric guitar• Don Carlos Edwards created fry sauce.• Frank Zamboni invented... well, the Zamboni.• Harvey Fletcher invented the hearing aid.• James Fletcher invented the car stereo.• Jonathan Coon founded 1-800 Contacts while a student at BYU.• Dr. Joshua Shiffman is currently pioneering research to discover a cure for cancer.• Lester Wire invented the electric traffic light.• Mario Capecchi discovered how to “turn off” genes.• Nolan Bushnell developed PONG, the first computer game.• Philo T. Farnsworth invented the television.• Robert B. Ingebretsen invented the DVD.• Robert K. Jarvik invented the artificial heart at the University of Utah.• Walter Frederick invented the Frisbee• The ACP gene, involved in colon cancer was discovered at the Huntsman Cancer Institute.• The first interactive graphics program as well as the computer animation technology used by Pixar were developed at the University of Utah.• Kentucky Fried Chicken opened its first restaurant in Salt Lake City• The Utah Genome Project along with the Utah Population Database is assisting in medical innovation.• Utah State University, Known as “Space U”, has built and sent the most satelllites into space. ...  more»

 

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Featured Property

7607 Whileaway Road, Park City, UT 84098, Silver Creek

Well appointed 4 bedroom home in Silver Creek. Open floor plan with beautiful gourmet kitchen with granite counters, stainless appliances, including Wolf stove with dbl convection ovens. Wall of windows in great room and main floor master suite taking in the sweeping views of the Ski Resorts. Floor...  
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Offered at $1,025,000

 
 
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