Real Estate Blog

Typically, between 50-70 athletes who live or train in Utah qualify for the Winter Olympics. Since the 2002 Salt Lake City Olympics, Utah has been a dominant force in winter sports and recreation. In total, 16 athletes whose home state is in Utah are competing in this year's Winter Olympics, another 34 with Utah ties are joining them.

ANOTHER BIG SHOWING FOR UTAH

By Monday, January 24, the U.S. Olympic roster was finalized. Park City-based U.S. Ski & Snowboard late nominations for their Olympic Freestyle and Alpine teams included Cole McDonald and Nick Page, both of Park City. McDonald is the youngest American man ever named to an Olympic moguls team. Isabella “Bella” Wright of Salt Lake City was also nominated for a spot on the women’s alpine

PARK CITY, UTAH – Locally owned and operated since 1976 as Berkshire Hathaway HomeServices Utah Properties and its predecessor companies, Utah Properties has been a leading force in the development of Park City’s real estate market with $5.13 billion in sales in 2021. Promontory is an award-winning 7,200-acre recreational second home and private mountain community in Park City, Utah. Promontory’s expansive mountain setting offers diverse year-round amenities and activities for the multi-generational family. Beginning this year, Promontory Real Estate will be backed by Berkshire Hathaway HomeServices as the office’s listing broker.

Steve Roney, Owner & CEO of Berkshire Hathaway HomeServices Utah Properties, provided some perspective on the

Moab, Utah (January 6, 2022)—Berkshire Hathaway HomeServices Utah Properties announces Nikole Andersen as the the Branch Broker of their Moab office.

“It is my pleasure to announce that Nikole Andersen is now the Branch Broker of our Moab office. Nikole has an impressive management reputation and sales background in Utah and will contribute significantly to the continued success and growth of our firm,” commented Steve Roney, CEO and Owner of Berkshire Hathaway HomeServices Utah Properties.

About Nikole Andersen
Originally from Utah, Nikole has been a licensed REALTOR® in the state for over 20 years. She’s known for building and maintaining long lasting relationships with her clients. Nikole has sold properties from Weber County to Washington

By now you've probably heard that Salt Lake City has topped yet another list, this time as the #1 housing market projected for growth in 2022 by Realtor.com. As we've seen in the past, this projection will likely unfold in a similar manner in many of the other markets throughout Utah, including St. George. So what does this mean? What should we expect?

PROJECTIONS

The Salt Lake City metro area is forecasted to see a 15.2% year-over-year sales growth. This comes after an already record-breaking performance during the pandemic (March 2020 – present).
 
Mortgage rates are expected to rise to 3.6% by the end of the year. This means it's in your best interest to buy or refinance sooner rather than later if you're banking on low rates to help you save.
 

Cooler temperatures means a cooler housing market right? Sort of, but not quite. According to new data, home sales have slowed down ever so slightly. Multiple-offer situations aren't as frequent and we are finally starting to see housing supply tick upward. Inventory is on the rise but compared to previous years, the overall supply is still very low. So what does this mean? Here are our key takeaways:

• 2021 is still on pace to be the second best year for home sales in state history.
• Home prices are still high, but with less competition, buyers will have more room for opportunity and negotiation. 
• Because the market is still competitive, sellers can still anticipate getting top dollar for their homes.

If you have any questions about

Tickets and passes will be available for purchase January 7

The 2021 Sundance Film Festival, taking place January 28 to February 3, 2021, is expanding to screens everywhere—catch a movie right from your computer screen or visit an in-person showing at their newly coined 'satelite screenings', taking place at multiple venues across the country.

Online Experience

This year there will be 72 feature films and numerous shorts all available to you with a ticket or pass at scheduled virtual showings. In a normal year, an attendee might be able to squeeze in two movies on day one if they're feeling ambitious, but in this new format you could see up to three. See the full Sundance Film Festival program here. 

The New Frontier

In addition to the

According to 2019 U.S. Census Bureau data, almost one in every six Utahns either moved into, out of or somewhere new within the state in 2019. 

• The most in-migration by a landslide was from Califorina (17,821), then Nevada (10,529), Colorado (7,856), Idaho (6,752) and Arizona (6,031).
• The top destinations for departing Utahns were Texas (10,072), Arizona (8,917) and Idaho (7,371).
• Over a half-million Utah residents moved: 389,000 within the state, 96,000 from another state and 16,000 came from abroad.
• Utah has continued to be a desirable location for younger people. The state's average age is the lowest in the country: 30.7.

What have we seen in 2020?

• This year, Utah has seen an influx of new buyers as the pandemic-triggered

Like in many industries, there was certainly some cause for concern in real estate when the pandemic came about. New listings, pending sales and closings all dipped in March and April as uncertainty swept the nation. Fast forward to June, and the Utah real estate market has seen a surge like no other.

We've seen record setting numbers both in our brokerage and this market: pending sales have poured in and closings are right behind them. Compared to last year at the same time, our pending contracts have doubled. While this buyer confidence is a promising sign for our market, it means that the pre-existing inventory shortage has only been worsened. So now what?

 Why is this happening?  

• Federal mortage rates are at an all-time low: 2.99%

Given the current situation in which we’ve found ourselves, it might feel like there's not much to do. While that might be true in the physical world, there are still plenty of offerings from your favorite places online. Help support Utah business while also learning and having fun! Check out some of these Utah based virtual events and classes below.

TRACY AVIARY 

Virtual Paint Along, Birds & Brews and more.

RED BUTTE GARDEN

Online classes and virtual summer camps.

OGDEN NATURE CENTER

Wild Wednesdays.

CRAFT LAKE CITY

The Virtual DIY Festival, Workshops, Classes and more.

KIMBALL ART CENTER

Creatively Quarantine: Online Classes, Learning and Virtual Celebrations

 With summer right around the corner, things definitely feel a bit different. Many industries that would otherwise thrive this summer have found themselves postponed or even closed for the year. We admit, it had been a while since we've rolled up to the big screen ourselves, but we promise one trip will have you feeling nostalgic and optimistic about the summer ahead.

To get more information on showtimes and each drive-in's COVID-19 guidelines, visit the websites linked below. Enjoy!

Redwood Drive-In, West Valley City (Pictured)
Learn more here.

Motor Vu Drive-In, Riverton (Opens June 5)
Learn more here.

Echo Drive-In, Roosevelt
Learn more here.

Motor Vu Theatre, Tooele
Learn more here.

Basin Drive-in, Mount