What do you Love about Park City, Utah?

Why we Love our Town…by Nancy Tallman

This past weekend’s “Autumn Aloft” balloon festival was nothing short of spectacular. I am very fortunate to raise my kids and work in such a magical place.

autumn aloft Park City by Lisa Signor








Since Outside Magazine named Park City the “Best Town in America” in 2013, there have been several accolades for our town.

The Park City Chamber of Commerce announced these recent ones in the national media:

My family enjoys all of the locations mentioned above. It’s truly extraordinary to live in a beautiful, small mountain town with world class amenities. What would you add to this list?

Current Park City Home and Condo Inventory

Current Park City Home & Condo Inventory: Which Neighborhoods are Buyers’ or Sellers’ Markets? by  September 15, 2015

I took a look back at the last six months and checked sales and inventory in some of Park City’s most popular neighborhoods. Are you thinking of selling a property? Check to see which areas are sellers’ markets. Thinking of buying? There are still some buyers’ markets. It was interesting to note how much of our market is neither a buyers’ nor sellers’ market, but is balanced with approximately 6 months of inventory.

Park City Home & Condo Inventory by Area

Lower Deer Valley Condominiums. There are currently 28 units on the market, which might seem like a lot, except 31 closed in the past 6 months and 8 are pending sale. That means there is a 4.3 month inventory of Lower Deer Valley condos, making it a sellers’ market. View all condos in Lower Deer Valley.

Lower Deer Valley Homes. There are currently 10 homes on the market, but only 3 closed in the past 6 months with 3 pending sale. This means there is a 10 month inventory of homes in Lower Deer Valley, making it a buyers’ market. View all homes in Lower Deer Valley.
Park Meadows Real Estate
Park Meadow Homes.Thirty-one homes are active, but 25 homes closed in the past 6 months and 4 are currently pending. This means there is a 5.8 month inventory, making it abalanced market. It is interesting to note the disparity between median sold price ($1,356,000) and median list price ($1,599,000). Perhaps sellers have become too aggressive on their pricing changing Park Meadows from a buyers’ market earlier in the year to a balanced market.View all homes in Park Meadows.

Jeremy Ranch Real EstateJeremy Ranch Homes.There are 34 homes on the market, but 26 closed in the past 6 months and 5 are pending. This neighborhood has a 6.5 month inventory, making it a balanced market.View all homes in Jeremy Ranch.

Silver Springs Homes. There are currently 11 homes on the market with 5 closed in the past 6 months and 9 pending sale. This neighborhood has been one of the hottest in Park City all year long. Currently there is a 4.8 month inventory, giving buyers one of the best opportunities in this neighborhood in months; nevertheless, this neighborhood is still a sellers’ market.View all homes in Silver Springs.

Kimball Junction Homes. These homes are all located in the Blackhawk Station neighborhood. Median list price is $524,900 and median sale price is $525,000. Only 2 homes are on the market, with 5 closed in the last 6 months and 2 pending. This neighborhood is a total sellers’ market with only 2 months of inventory! View all homes in Kimball Junction.

Old Town Real EstateOld Town Condominiums.With 56 active condominiums on the market, you would think buyers could have their way. Not the case, with 51 closed condos in the past 6 months and 29 currently pending! Old Town condos have a 4.21 month inventory making this neighborhood a sellers’ market. View all condos in Old Town.

Old Town Homes. There are 36 homes on the market, with 21 closed in the past 6 months and 15 pending. Old Town homes are a balanced market with a 6 month inventory. It is interesting to note that of the 36 homes currently listed for sale in Old Town, only 4 are priced under $1 million. View all homes in Old Town.

If I listed every neighborhood, this blog would be much too long. If you are curious about a neighborhood, please contact me and I’ll be happy to give you an update.

When was the last time you did some home purging?

If that time is coming, here are some tips on how to declutter your home:

Do You Really Need All of That Stuff?


I am invited to a home because the owners have decided it’s time to sell. They apologize. They know their home is full of things that they no longer use, need or want, but they don’t even know where to begin the process of sorting through their items and deciding what to take, what to sell, and what to toss. We can’t begin to market the home until potential buyers can see the actual home versus the owners’ “stuff”. The process of decluttering your home can be so overwhelming that it prevents the owners from moving, leaving them physically and emotionally stuck. It’s easy when you live in a large home for a number of years to accumulate things, and most people in Park City live in large homes.

My advice is to deal with the clutter BEFORE you are ready to move. I can refer you to some talented professionals who can assist if you feel the project is too monumental to take on by yourself. Sometimes, it’s hard to be objective about your own items. Most of the time, there is an emotional connection to our things, and making the decision on what to purge can be emotionally exhausting.

The Japanese Art of Decluttering and Organizing

I recommend the book, “The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing” by Marie Kondo. In a nutshell, Kondo recommends you look at each item and decide whether it brings you joy. If it does, you keep it. If it doesn’t, you sell, donate or toss it. If you are getting ready to downsize and need to get rid of some valuable items, consider hiring a professional estate sale liquidator. The liquidator will cull through the items you no longer need and make the decision on what has value and what should be tossed. The estate liquidator will organize, display, and market the estate sale. I have had clients who had great success with estate sales. Below is a photo of my kitchen cabinet after my last decluttering purge 6 months ago. I’m not planning on selling my home; however, I enjoy the ease of seeing where everything is. I don’t have to search to find the dish I am looking for. It is also quite easy to maintain.


I hope I have inspired you to tackle your clutter before you are ready to move. It takes time, but the results are worth it. And please give us a call when you’re ready. We can help you make a stress free transition to your new, clutter-free home.


Where do you think Park City home owners live full time?

5470 N Luge Ln T52 Park City-small-001-1-5470NLugeLnT5201-666x442-72dpi

Reporter Patrick Cone interviewed me for the Park Record newspaper last week and posed this question: “Where do Park City real estate owners live full time?”. I contacted Summit County Treasurer, Corrie Forsling to obtain the answer.

Why is it interesting and why is it important?

The marketing of properties must be targeted to the location of potential buyers. All of my listings are posted on both the Park City Multiple Listing Service (MLS) and the Wasatch Front MLS, which covers about 95% of Utah. My internet and social media marketing are also targeted to the locations where clients are most likely to come from.

Summit County Property Owners by State

Utah 28,026 73%
California 3,082 8%
Texas 957 2%
Florida 923 2%
New York 743 2%
Arizona 622 2%
Illinois 407 1%
Nevada 334 1%
New Jersey 237 1%
Maryland 213 1%
Colorado 208 1%
Pennsylvania 205 1%
Virginia 200 93%

I have put 23 properties under contract since January. Here is the where my personal clients live full time.

My Client Breakout

Utah 10 43%
California 3 13%
Texas 4 17%
Florida 2 9%
Minnesota 2 9%
Colorado 1 4%
Arizona 1 4%
Total 23 100%

Comparing my numbers to Summit County makes me wonder if we can expect the primary residence location of Summit County property owners to shift over the next few years. It will be interesting to watch.



Park City Remodels!

What’s your opinion? Should these Park City kitchens and master bathrooms be remodeled? Read our thoughts in this week’s blog post. http://www.insideparkcityrealestate.com/should-you-remodel-your-kitchen-or-master-bath-photo-gallery/