Is Park City a Buyer’s Market or a Seller’s Market?

Park City Real Estate AbsorptionThe above graph (reflecting condominiums & single family homes in the Park City and Jordanelle neighborhoods) was prepared by Rick Klein of Wells Fargo Private Mortgage for the Park City Board of Realtors. As you can see, inventory continues to trend downward. In general

  • Under 5 months inventory is considered a “Seller’s Market”
  • 5-7 months of inventory is considered a “Stable Market”
  • Over 7 months of inventory is considered a “Buyer’s Market”

Park City was a “Buyer’s Market” for over 6 years. Starting early last year, that began to change. It is important to note that Park City is comprised of several micro markets and these micro markets can and do shift rather dramatically.

Neighborhood Differences

For example, a year ago, Old Town was a “Seller’s Market”. Today, the inventory is bloated, with 41 homes for sale and only 9 closings in the last 90 days. At this rate (3 sales/month), there is over a 13-month inventory of homes in Old Town.

But let’s look a little closer. Of those 41 active homes, only 6 are priced under $1 million. Of the 9 closings in the past 90 days, 4 were priced at under $1 million. So, we can say the Old Town market priced at under $1 million is a “Seller’s Market” with only 4.5 months of inventory, while single family homes priced over $1 million are a “Buyer’s Market”.

3195 Daybreaker Drive
New listing at 3195 Daybreaker Drive

Park Meadows is another “Seller’s Market”. There are currently 21 homes for sale, with 18 closed in the past 90 days, making the inventory in Park Meadows just over 3 months.

Jeremy Ranch is a “Stable” or “Balanced Market”. There are currently 26 homes on the market with 14 that closed in the past 90 days. At a rate of 4.6 sales/month, the Jeremy Ranch inventory is about 5-6 months.

Get the Absorption Rate of Any Neighborhood

If you are considering buying or selling a home in Park City, the Absorption Rate for the targeted neighborhood and price point is important. Sellers can be more aggressive on list price in a “Seller’s Market” and buyers need to act quickly. On the other hand, in a “Buyer’s Market”, sellers need to price competitively while buyers have more choices and opportunities to negotiate.

Leave a comment or contact me if you are curious about the inventory in your neighborhood.

National Real Estate Trends vs. Park City Trends

NAR Midyear Conference in D.C.

I had the fortune of attending the National Association of REALTOR’s (NAR) Midyear conference in Washington, DC last week. This always involves a presentation by Lawrence Yun, PhD, the Chief Economist and Senior Vice President of Research for NAR. It’s always interesting for me to compare the national real estate trends with what we are experiencing with Park City real estate. Here are some highlights from his presentation, with added comments as they relate to Park City.

Median Home Prices

National Trend: Median home prices are accelerating. Dr. Yun had predicted prices would rise 4% in 2014, but prices actually rose 8%. He attributes the large price increase to lack of inventory.

Park City Trend: In Park City limits (84060), the median single family sale price rose 7% year over year from 4/1/14 to 4/1/15, while the Snyderville Basin (84098) median price rose 13%.

Mortgage Rates

National Trend: Mortgage rates are predicted to rise to 6% in 2017. Higher rates combined with lower inventory are going to have a dramatic impact on housing affordability.

Park City Trend: In Park City, many first time homebuyers are forced into condominiums due to the current lack of affordable single family homes. This trend will continue. If you are thinking of selling your home, you will be able to obtain a higher sale price when interest rates are lower.

Demand

National Trend: There is huge pent up demand. Home sales were flat in 2014, but the population has increased dramatically. Where are all of these people living? They are living at home! They need good jobs and affordable homes to become first time homebuyers.

Park City Trend: In Park City, there is a 10-year wait list for the affordable housing at the new Park City Heights project. Utah is the number one state for job creation creating a greater housing demand. Yeah, Utah! We are seeing new companies relocate to Park City and we continue to be a “bedroom community” to the Salt Lake Valley. We expect demand for Park City real estate to continue to increase.

Length of Ownership

National Trend: People are staying in their homes longer. The average is 10 years vs. the historic 6 years. Dr Yun thinks that those with excellent mortgages are reluctant to give them up; some sellers think their house is worth more than the current market value and they are “waiting” for values to increase.

Rental Properties

National Trend: Rent prices are at a 7-year high.

Park City Trend: It’s a great time to buy a rental property in Park City. We are seeing low rental inventory in addition to fewer properties for sale.

Home Ownership Rates

National Trend: Home ownership is at its lowest rate in 25 years and the difference in net worth between renters and owners is enormous and growing.

Takeaway: If you are not a homeowner, you should think very seriously about becoming one!

Rob Bishop
Lobbying Park City Representative Rob Bishop about the importance of maintaining Section 1031 Exchanges
Representative Mia Love
Myself, Hong McDonald and Mark Jacobson (Park City REALTORS) with Representative Mia Love

 

10 Things to do in Midway, Utah

Midway is a small town nestled into the mountains, just a nod away from Park City with a majestic Timpanogos backdrop. Most people know that the area is long on scenery but did you know about these fun activities about town? There’s so much to do in Midway, Utah. It’s just waiting to be discovered and enjoyed.

1. The Crater

Located on the Homestead Resort property, the crater is actually a geothermal spring hidden within a 55-foot limestone cave. You may have seen James Franco dive into it in the 2010 movie ‘127 Hours’. The crystalline mineral pools hover in the area of 90-96 degrees Fahrenheit, making it the perfect temperature for snorkeling, scuba diving, soaking and even stand-up paddle board yoga classes.

2. Heber Valley Artisan Cheese

Heber Valley Milk & Cheese

Started in 1929, the farm has been passed down through four generations, spanning 80 years. So the folks at Heber Valley Milk really know their cheese. They currently have 200 Holstein cows that are well loved—even pampered—which is clear when you taste their cheese. For the last three years they have won Utah’s Best of State and in January their new Vanilla Bean Cheddar was added to a the Winter Fancy Food Show’s ‘Top 5 Food Trends’. Cheese tastings daily.

3. Brunch at Blue Boar Inn

The Blue Boar Inn, a European-style Bed and Breakfast is known for its incredible hospitality and unique charm. Locally owned, it is named after a tavern from the “Robin Hood” books. This property boasts turrets and wrought iron balconies. What you probably didn’t know is that the brunch is a local’s best kept secret. The five-course affair on Sundays lasts from 9am to 2pm. Reservations are recommended.

huber-house4. Wasatch Mountain State Park

In the summer, WMSP is known for its golf and camping, but there is so much more. In fact, there are miles of hiking trails in and around the park. For those looking for a photo opportunity or excellent picnic locale, on the north side of the park you will find the unique Huber Grove Historic Site. This restored pioneer-built stone home is near a picturesque apple orchard that skips alongside Snake Creek.

5. Swiss Days

The Midway event that draws the biggest crowds is the annual Swiss Days. Since the 1940’s, the town has been celebrating Swiss heritage with Swiss Days over Labor Day Weekend, this year September 4-7, 2015. The town is aflutter with entertainment, food, a parade, 10k race and more! Over 180 food and craft vendors offer scones, kraut dinners, Swiss bread and other treats. With so much to see and do, plan your day well in advance.

6. Soldier Hollow

Once a Native American settlement, Soldier Hollow was put on the map in 2002 as an Olympic venue for cross country skiing and the biathlon event. Besides these sports, winter fun includes tubing and snow shoeing. In the summer, golf and lots of mountain bike and running races take place on the extensive trail system.

ReBook Midway7. Re-Book

Before Amazon and Barnes and Noble, there were stores of books and some stores sold used books. If you hold a bit of nostalgia for that time, please visit Re-Book. Housed in a quaint little house, you will see stacks of books from floor to ceiling on every single topic you can imagine. Make sure and say hello to the knowledgeable owner as you wind your way through room after room.

8. Rocky Mountain Outfitters

Here to assist in all your adventure needs, Rocky Mountain Outfitters can set-up and guide horseback rides through beautiful canyons, fly fishing excursions, rustic BBQ’s, ATV adventures and even winter sleigh rides. They are seasoned adventure professionals that offer a number of exciting packages and skilled guides.

9. Filler Up

Fill'er Up Coffee Midway

Occupying an old petrol station, the Filler Up Coffee Shop serves up a different kind of fuel—the caffeinated kind. Part café / part museum of fun old antiques, this is a great place to bring kids, or bring out the kid in you! They are serving up all kinds of treats from ice creams to pastries and shakes, and they are open every day. Try their red latte, an earthy, frothy treat, higher in anti-oxidants than green tea!

10. Unique Shopping

If you’re looking for a unique shopping experience, Midway has a slew of small businesses featuring unique goods, consignment and antiques. Some of our favorites are All That Stuff in the Barn, Seasons of Home, Hollyhock Antiques, the Midway Mercantile and RaceHorse Lane.

Spend More Time in Midway

If you have a few hours in the afternoon to spare, exploring Midway will be time well spent. The innocent feel and the refreshingly slow pace of this charming little town will completely sweep you off your feet. But to really relax into the fresh air and mountain ambiance, a whole weekend would be more appropriate, or a week or two weeks, or more…

If you’re interested in calling Midway home, there are some interesting real estate opportunities. The first is River Meadows Ranch, which features 39 large lots and expansive views. The second is Cervino, which features brand new builds under $500,000. As always, don’t hesitate to contact me with questions.

New Developments in Summit County, Utah

Patrick Putt
Myself with Patrick Putt, Director of Community Development. Apologies for the blurry photo.

On Friday, May 1st, the Park City Board of REALTORS® invited Patrick Putt, Director of Summit County Community Development, and Peter Barnes, Summit County Planning and Zoning Administrator, to provide an update on new developments around our county.

Patrick noted that the area surrounding the Canyons ski resort is only 25% built out and we will see much growth there in the future. As far as specifics, here are his updates on what’s planned for some of Summit County’s larger parcels of land.

Canyon Corners

Canyon Corners is 61,000 square feet of mixed use development located across the street from Ruby Tuesday, near the Tanger Outlet Mall. It is under consideration for a consent agreement to modify use for a local grocer (Whole Foods). The existing Whole Foods Market facility is 20,000 square feet.

Vail Canyons/PCMR Interconnect

Construction to connect the resorts will commence next week, although it may be awhile before we see any semblance of a lift. Vail is working with Mountain Trails Foundation to mitigate the impact this new development will have on the mountain trails in the area.

Woodside Homes at East Creek Ranch

66 single family homes are currently under construction in Silver Creek. These homes are three to seven bedrooms ranging in size from 2,633 to 5,001 square feet and priced from $660,000-$890,000.

Hyatt House Hotel

120 rooms located at the intersection of Highway 224 and the Sun Peak neighborhood. This building is a re-entitlement of an older agreement. It is scheduled to open in time for the 2015-2016 ski season.

Armada Ski Company

Located on the Frontage Road near Jeremy Ranch, Armada Ski Company is moving their business from Costa Mesa, California to this site in Park City. A great boon for Summit County for many reasons.

Nevis at Newpark

These town homes are located at Kimball Junction at 1182 Center Drive. There are 23 residential units starting at $431,900. Floor plans are 2 bedrooms plus 2.5 baths.

Basin Recreation Field House

The new buildout of 112,000 additional square feet at the Kimball Junction based field house is scheduled to commence shortly.

Newpark Terrace

The 60 Newpark Terrace townhomes (across from Best Buy) are scheduled for completion this month.

Promontory

Over 50 homes are currently under construction in the coveted Promontory Neighborhood.

Silver Creek Village

The entitlement for Silver Creek Village was approved 3-4 years ago. The County Council is working with a developer on an agreement. This area is zoned for 1,300 residential units with 300 required units of affordable housing. There is about 54,000 square feet of zoned commercial space, as well as land set aside for open space, trails, and public use. After a development agreement is reached we will see platting.

Wyndham Hotel

This hotel opened last season at Canyons adjacent to the Frostwood Gondola. 89 rooms will be added.

Should You Remodel Your Home?

Kitchen RemodelA minor kitchen remodel that includes new cabinet doors and drawer fronts, along with new appliances, countertop and flooring has one of the highest average returns in the annual “Cost vs Value Report” over the past 10 years. The average return is about 79%. The average national cost is just under $20,000.

This means a couple of things:

  1. Don’t do a kitchen remodel if you are planning to sell your house in the next 6-12 months. Chances are, you will not make money.
  2. If you are planning to stay in your home, this type of remodel can provide an enormous amount of enjoyment and you will make most of the money back when you go to sell your home.

We recently completed this exact remodel on our own kitchen. I always loved the layout of my kitchen but it was beginning to look “tired”. I began last year by upgrading the black appliances to stainless steel. (I replaced the Corian with granite in 2007). The new appliances helped, but did not achieve the look I desired. I worked very carefully with a local designer to change the cabinets, drawer fronts, backsplash, faucets and paint. The designer suggested installing an “appliance garage”, a new hanging light fixture over the sink, and adding additional shelves and drawers to improve functionality. I chose everything over the course of 4 months. The remodel was planned for the first week in April while my family was to be out of town.

Park City Kitchen Remodel

I came home to a finished product. Of course, the designer almost had a heart attack making sure all of the vendors stayed on our tight schedule, but the great thing for me was that I didn’t have to worry about a thing.

My kitchen is above average in size and the improvements cost more than the national average. However, I am thrilled that the room where I spend the most time is fresh and up to date.

The kitchen remodel also forced me to empty all of my kitchen shelves and was the perfect opportunity for a massive decluttering, which I’ll write about soon.

Have you had a good experience remodeling a room in your house? Leave a message and/or photo in the comments section.

Why are so Many Real Estate Sales Falling Through?

Jeremy Ranch HomeThe house pictured above is my new listing in Jeremy Ranch. After about one week on the market, we received an attractive offer that my clients were happy to accept. One day later, buyer’s remorse set in and the buyers cancelled. Another couple who looked at the Jeremy Ranch house told me that two buyers backed out of the house they have been trying to sell. Today there are 9 listings on the Park City Multiple Listing Service that were under contract, but the deals fell through.

What’s going on?

I have a couple of theories.

Due diligence/inspections go sideways. In the Park City real estate market, prices in many parts of town are back to pre-recession levels. When buyers feel they are paying top dollar, they don’t want to invest additional funds to replace a furnace that is 20 years old or remediate radon. My colleagues are telling me that their deals are falling apart during the due diligence process because the buyer and seller cannot come to terms on these types of expenses.

Buyers are writing offers too soon. Because inventory is low, buyers feel like they need to lock in a house that they may like after the first showing. Upon closer reflection, they realize that the house isn’t right for them. They moved too fast and left some very disappointed sellers in their wake.

Buyers get cold feet. It’s no secret in real estate that sometimes buyers just get cold feet. They decide they don’t want the responsibility of home ownership after all, or unforeseen circumstances render it no longer a wise decision.

The purchase was contingent on the sale of the buyer’s home. A buyer backing out of a home for any of the above reasons can create a domino effect if the seller has already entered into a contract to purchase a replacement home.

So what isn’t hindering sales anymore? I have not seen many sales fall through due to financing or appraisal.

How do you prevent a sale from falling through?

This is where the expertise of an experienced agent is vital. A good agent will prescreen for serious buyers and have the negotiation skills to work through the due diligence process. Some deals can’t and may not be worth saving; however, with experienced representation, you will have the confidence that your agent did everything in her power to produce the best possible outcome.

Park City Nonprofits We Love

It’s no secret; one of Park City’s greatest assets is its people. Town is brimming with a caring, active population that likes to make positive changes not only in their own backyard, but around the globe. Many nationally recognized organizations that call Park City home are providing innovative solutions to pressing needs. Below is simply a smattering of great nonprofit groups engaged in wonderful works. We love them all.

Running with Ed
Last year I ran in one of The Park City Board of Education’s annual fundraisers, Running With Ed

Arts

Park City Institute

Formally known as the Park City Performing Arts Foundation, the Institute presents world-class performances on their winter stage at the George S. and Dolores Dorre Eccles Center and their summer stage at the gorgeous, jaw-dropping Deer Valley Resort Snow Park Outdoor Amphitheater. They present music and dance acts from around the world—from Nickel Creek to Savion Glover—and bring these same acts to young people with their Arts Education Programming in the Park City School District.

Kimball Art Center

Located in the heart of Old Town Park City (for now), the Kimball Art Center is ground zero for all things art. Featuring year round exhibits, the organization is committed to engaging the community with lectures and special events. They offer a wide range of art classes in an array of mediums that attract novices and professionals. Each July/August, the Kimball Art Center hosts the Kimball Arts Festival, one of the largest and longest running arts festivals in the State of Utah.

Mountain Town Music

Created to encourage and foster live music throughout Park City and Summit County, Mountain Town Music presents 200 shows a year in venues that range from rodeo grounds to your neighbor’s back yard. Most of their programming is free and they have an extensive education and outreach program in schools throughout the county.

Environment

Recycle Utah

Also known as the local recycling center, Recycle Utah is committed to reducing waste and preventing ground water pollution in the community. The center is open Monday through Saturday and provides a number of educational opportunities, workshops and special events on topics ranging from composting to recycling your grandmother’s gold watch. By recycling over 40 different items, Recycle Utah helps households, resorts, other businesses and corporations responsibly reduce waste.

Mountain Trails Foundation

Trails are kind of Park City’s thing. As the local non-motorized trail advocate, the Mountain Trails Foundation maintains and develops the trails in and around Park City. You would be hard pressed to find a local that didn’t enjoy the trail report on the radio every morning. Just hearing about conditions, views and blooms brightens everyone’s day. And if radio isn’t your thing, they also provide updates on their website and social media accounts.

Swaner Eco Center

A striking museum and education space located on 1200 acres of open space mark the gateway to Park City at Kimball Junction’s Swaner Eco Center. The LEED Platinum Certified center has won a number of awards for environmental sustainability and serves as a learning and information center for the preserve. This playground for wildlife and people alike boasts 10 miles of trails that can be enjoyed by bikers, hikers, birdwatchers, snowshoers and photographers.

Social Service

National Ability Center

The mission of the National Ability Center is “to empower individuals of all abilities by building self-esteem, confidence and lifetime skills through sport, recreation and educational programs.” They offer a wide range of programming like snow sports, horseback riding, hippotherapy, rock climbing, swimming, archery, hockey and water sports. They have specially designed equipment to accommodate people of all abilities and work hard to include all family members in activities. The center works hard to serve people of all income levels and to keep programming costs minimal.

People’s Health Clinic

Local medical providers and concerned community members formed the People’s Health Clinic in 1999 as a way to serve the area’s uninsured. Started in a medical van that traveled throughout Summit and Wasatch Counties, the organization now has a permanent home in the Health Department Building at Quinn’s Junction.

Other

Friends of Animals-Utah
Furburbia
My dog, Kit, whom we adopted from Furburbia / FOA.

Friends of Animals has found homes for over 12,000 pets. They operate in the Rescue & Rehabilitation Ranch. When dogs and cats are healthy, happy and ready for a forever home, they are transported to Furburbia, a pet center located in the Tanger Outlet Mall. Be forewarned, these animals are cute and will warm the heart of even the most hardened pet foe.

Park City Education Foundation

The Park City Education Foundation does a wonderful job of raising money and providing grants to high impact programs that empower teachers and students alike and make the Park City School District one of the best in the state. Funding programs in areas like nutrition, technology, robotics and language immersion has shown to have impacts and high rates of success.

Thanking Our Park City Nonprofits

The list of Park City nonprofits we love shows the high level of achievement that we all enjoy simply by living in Park City. While we walk on the trail, listen to a concert or spot the spring’s first Sandhill Crane, it’s easy to forget that there are a number of folks behind the scenes, making this all possible. Not only do these wonderful organizations create the enjoyable culture and social programs that we enjoy, they create talented leaders and teams among us.

How can you help Park City’s nonprofits? Let us count the ways. Contacting any one of these organizations is the best way to learn how you can support in a hands-on way. I enjoy volunteering my time on the Board of Trustees for the Park City Education Foundation and also support Mountain Town Music as a sponsor.

In the last few years, the annual Live PC Give PC event each fall gives donors like you the opportunity to show your support for the nonprofits you love.

Please note that we love all of our wonderful Park City organizations; this is just a quick list. Which nonprofits do you love most that we missed?

New and Coming Soon to Park City

For a small town, Park City sure has a lot going on. Is the flurry of activity due to the feeling of spring in the air, or is it that Park City is simply a happening place? Keep reading so you don’t miss a beat. Here you’ll find the skinny on juices, clay works and gondola rides.

My Liquid Garden

My Liquid GardenFresh and organic, this is Park City’s new juice shop. My Liquid Garden is located at 1241 Center Dr. in the Newpark neighborhood, next to Best Buy. Stop in before your next bike ride around the Swaner Preserve or call in an order for pick up or delivery (435) 604-0293.

Clayhouse Studios

“Play Dirty!” is their tagline, which means that this studio must be full of fun. There is 3,000 square feet of state-of-the-art equipment in this teaching studio and gallery. Clayhouse offers a number of classes, memberships and workshops designed to meet the needs of the complete novice to the professional artist. Located at 1241 Center Drive, right next to My Liquid Garden, it’s a one stop shop to rejuvenate your taste buds and your creative spirit. Visit www.clayhousestudios.com or call (435) 487-9200 with any questions you may have.

Armada Skis, Inc.

A major ski gear retailer has plans to move its corporate headquarters to Park City. Company directors were enticed by Utah’s business environment and the easy access to world-class skiing opportunities. Armada was founded in 2002, in Costa Mesa, California and hopes to provide at least 50 new jobs in the Summit County area in the next eight years.

Park City Coffee Roaster in the Park City Library

Book worms and coffee lovers can finally unite in what might be Park City’s most beautiful partnership. Park City Coffee Roaster was recently awarded a three year contract to operate a small coffee shop in the revamped library facility once the renovation is complete. The coffee shop will take up about 300 square feet of space just inside the new main entrance. They will also sell juices and baked goods and plan to create a loyalty program for frequent library patrons.

Alzania Wine Dinner at Chimayo

One dining option that is strikingly absent from the Park City restaurant line-up is Spanish. Fortunately, Chimayo offers a temporary remedy. Wait no longer and make a date with Spain. For one night only, April 17, Chimayo presents a Wine Dinner with Jose Manuel. A five course wine dinner featuring hand crafted wines by Jose Manuel of Bodegas y Vinedos Alzania paired with Chef Arturo Flores’s award winning cuisine. Please contact Tracey Lee at tlee@billwhiteenterprises.com for reservations. Seating is limited.

PCMR Interconnect Gondola

Hot off the press! The proposed Park City Mountain Resort Interconnect Gondola has been approved. In a meeting last week, the Park City Planning commission voted unanimously in favor of the Interconnect Gondola; a major factor in a series of $50 million worth of upgrades that Vail Resorts plans to do on the mountain. The eight-passenger gondola will travel between the base of the Silverlode lift at PCMR to the Flatiron lift at Canyons Resort, spanning some 1.5 miles.

Park City Boxing

AlpenfitWant to learn something new or perfect your skills? An Olympic boxer is now teaching boxing lessons at AlpenFit, located next to Rite Aid. 1996 Olympian Shane Heaps says anyone can learn boxing, so put on your gloves and get in the ring! Drop on by or call (435) 214-9255 for info.

Park City Brewery

Last but not least, there’s a new brew in Park City. Who says Utah’s liquor laws don’t allow for awesome craft beer, wine and spirits makers? Right now you can find the suds in a few local bars and restaurants such as Maxwell’s, and they’re expected to be in stores this summer.

Did you think your Park City life was great? Was your ski day full, your après-ski smoldering? Well it looks like with these new updates it will only get better. Spring has sprung, so grab a coffee and a guidebook and hit the trail. And don’t forget to reserve your sillas (seats) for your sweetie for a Spanish night on Main Street. Enjoy!

6 Sweet Facts About Midway’s River Meadows Ranch

River Meadows Ranch in Midway, UT1. River Meadows Ranch is closer to Deer Valley than Park Meadows and closer to Park City than Jeremy Ranch.

Think about that. If you’re a Parkite or love Park City but think you can’t move out of the boundaries lest risk losing all of the charm you so love, think again. River Meadows Ranch is a new community on River Road in Midway. From Park City, take Highway 40 towards Heber and turn right at the first stoplight. This incredible proximity to the Deer Valley Gondola and all things Park City are just two reasons why I am a big fan of this community.

River Meadows Ranch Location

2. There are just 39 lots and they’re BIG.

Seventeen of those lots are on the south side of River Road with a few backing to the Provo River. The remaining 22 lots are on the north side of River Road. Almost all of the southern lots are sold, with the best two lots remaining. The southern lots are flat. The northern lots are a bit more sloped and angle up the hill. The lots are enormous, ranging in size from 1.5 to 8 acres.

3. Your neighbors will be dreamy.

You may have heard of the HGTV Dream Home. Guess where it was built? River Meadows Ranch. The other homes that have since been built are high quality and high end. This neighborhood is developing into something very special.

4. The views are expansive.

We know “expansive views” is somewhat of a cliché, especially in the Wasatch where they’re so abundant. But check out this 360° view video from early Spring and tell me this isn’t the definition of expansive. The views from every lot at River Meadows Ranch are nothing short of spectacular. All boast great views of Mount Timpanogos and Heber Valley. The higher, northern lots have panoramic views of Timp, Heber Valley, Deer Creek Reservoir and the Provo River.

5. Midway can stand on its own.

If you don’t feel like venturing to Park City or Kimball Junction, there is a lot to do in Heber City and Midway. The Swiss Village of Midway has lots of good eats, some antique and consignment stores, great coffee shops, a gear shop and a bookstore to name a few. There is great proximity to parks and trails, including the upcoming WOW trail expected to open later in 2015. I’ll be writing more about Midway later this month.

6. The lots are reasonably priced.

Last, but not least, these lots are a great value. Current inventory starts at $207,000 and the very best lot is priced at $499,000. If you would like more information about River Meadows Ranch, give me a call. I think it’s a great place to invest or call home.

Should You Test Your Home for Radon?


radon deaths
Indoor radon is the second-leading cause of lung cancer in the United States, and breathing it over prolonged periods can present a significant health risk. It’s important to know that this threat is completely preventable. Radon can be detected with a simple test and fixed through well-established venting techniques.

Many experts believe radon was a factor in the recent death of former Salt Lake City Mayor Deedee Corradini. She was an extraordinary person who was instrumental in bringing the Olympics to Salt Lake City. Corradini was diagnosed with lung cancer in July, 2014. “It came as a total, total shock,” she said in an interview with KSL Newsradio. “I never smoked a cigarette.”

Just yesterday, I read about the death of Paul Kalanithi. He was a 37 year old who had just completed his neurosurgery residence at Stanford University. He too was a non-smoker who died of lung cancer.

As a REALTOR, I advise my buyers to test their homes for radon. It is fairly common in the Park City area and easily remediable. Most home inspectors will provide this service. But what about the people who aren’t planning on moving? Should all of us consider testing our homes for radon?

What is Radon?

Radon, is a dense, radioactive, cancer-causing gas. You can’t see it, smell it, or taste it, but you may be breathing it right now. Children, the elderly, and those with compromised health are particularly at risk. According to the EPA, Radon is the #1 cause of lung cancer among non-smokers and causes over 21,000 cancer deaths each year. About 2,900 of these deaths occur among people who have never smoked. The EPA estimates that as many as 1 in 15 houses have dangerously high levels of radon.  

Radon gas is very dense and much heavier than normal air. This causes radon to gather in the lowest levels of a house or building.  It typically moves up through the ground to the air above and into your home through cracks and other holes in the foundation. Your home traps radon inside, where it can build up. Any home may have a radon problem. This means homes and condos; new and old builds; well-sealed and drafty spaces; and with or without basements.

Radon Testing and Remediation

Fortunately, testing for radon is an easy and inexpensive process and remediation costs about the same as a minor home improvement. Many kinds of low-cost “do-it-yourself” radon test kits can be purchased through the mail or hardware stores. Alternatively, a qualified tester can do the testing. Find local information for your state, including list of qualified testers at the state radon office. Find a qualified service professional or test kit here.

Are you going to test your home for radon? I am going to test mine.

Sources:
ksl.com, Emilee BenchFebruary 6, 2015
Epa.gov, A Citizen’s Guide to Radon