My Recent Blog Posts

Posted March 11, 2022 by Christine GrenneyFiled under Great reasons to buy real estate in Park City, Home Buying in Park City, Park City Real Estate Updates. Jordanelle Reservoir and the Mayflower side of Deer Valley Resort with a fresh coat of snow Located just 10 minutes from Park City’s east entry on Highway 248, the Jordanelle area is a hotspot for new development; the entire area was master planned when the Jordanelle Reservoir was created in the 1990’s. This overview focuses on new developments where there is still “developer inventory” as several are under construction with pre-sold inventory.

It’s May and we hope you know what that means… our favorite event is on the horizon and the stoke factor is high. Park City’s most popular fundraiser & sporting event for the past eight years, “Running With Ed,”  is scheduled for May 21 (rain or shine or snow!) from 8 a.m. – 4 p.m. and promises to be another day full of fun and frolic benefitting special programs within our schools. Now in its 13th year, our goal is to raise $320,000 which is a moderate 6.3% increase over last year’s record breaking tally of $300,000. Park City, we can do this!!!

Do you hear that? It’s the winds of change. Is it simply a change in the weather as Park City begins to fully embrace springtime temperatures and mountains shifting from white to green, or is there a real estate market shift taking place? With the value of Bitcoin being cut in half in the last six months, and the stock market reeling, all while interest rates tick up, talk of the economy and the housing market seems to be the most popular topic at the trail head. So how is the market? What should buyers expect in the marketplace? How should sellers look for a great agent? How should properties be priced right now?

Did you know … the practice of collecting property taxes dates back to ancient Egypt, Persia and China, where taxes were collected from farmers based on projected crop yield? William the Conqueror continued the practice in England during the Middle Ages, where Lady Godiva rode her horse while naked through town in protest.Property values have skyrocketed throughout Summit and Wasatch counties, which could warrant an increase in your tax bill this year, but we don’t recommend taking the Lady Godiva approach to contesting your property tax notice, which should have arrived within the past few weeks. If you haven’t received your notice yet, you can find out how to connect with the Summit County Assessor’s Office by clicking here, or the Wasatch County Assessor’s Office here.Although Utah’s property tax rate is ranked 12th lowest in the U.S. and is considered to be one of the 10 best states for property taxes, any increase to a monthly budget can put a pinch on some households and businesses already saddled with increasing costs for fuel and other goods.  While we know the benefit property taxes provide to the community via public services such as schools, parks, fire, and police protection, it’s always wise to ensure you’re not paying more than your fair share.Utah’s property taxes vary depending on whether a property is a primary or secondary residence. That’s why it’s important to pay attention to the notice to ensure your property is categorized properly.Below, you’ll find two property tax notices from Summit County: One for a primary residence and one for a secondary residence. Secondary residences are taxed at the full assessed value, while primary residences are taxed at 55% of assessed value:

Park City Summer Events 2022 Posted July 14, 2022 by Christine GrenneyFiled under Uncategorized. Summer 2022 has arrived with our usual dizzying array of festivals, events, and activities. So much to enjoy, so little time! Peruse our offerings and reach out for any local insight on anything that piques your interest.

Summertime is always a glorious time all along the Wasatch Back, but this summer, locals and visitors will be doubling up on the fun and experiences to truly celebrate our transition back to whatever looks like normal post-COVID-19. This means reintroducing the events that make our community so unique after last summer’s hiatus. We’ve compiled a list of those that have confirmed their 2021 return below.

Voted “Park City’s Favorite Fundraiser and Sporting Event” seven years in a row, Running With Ed (RWE) is a relay-race fundraiser that benefits the amazing work of the Park City Education Foundation. PCEF’s been supporting Park City’s teachers, students and schools since 1986, and RWE is a fun and healthy way to contribute to their efforts, so I’m proud to once again co-chair the event on May 22, this year with parent volunteer extraordinaire and real estate wingwoman, Annie Cashiola.

Nothing beats sitting under the star-filled sky in the cool mountain air with family and friends, listening to live music courtesy of some of the biggest names in the business. This summer, local promoters have worked tireless to bring the best and the brightest back to the Beehive State.  To help you map out your summer listening tour, I’ve put together a list of concerts scheduled both indoors and outside throughout the Wasatch Back, and at the larger venues in Salt Lake, so get our your calendar and fill in the gaps left by last year’s eventless summer!

While Park City has long been a popular destination for primary and second homeowners, it is PC’s neighbors to the south in Wasatch County who have seen an unprecedented level of growth in both population and housing options. Most unexpectedly, The New York Times recently listed Heber City as 5th among all metro areas for the biggest change in net in-migration (people moving in from other areas). While folks have been moving from Park City to the Heber Valley for years in search of less expensive housing options, wealthier homeowners have also staked their claim in a community where nearly every home boasts a view of majestic Mount Timpanogos, and the historically rural lifestyle is still accessible for many.

Sunset over the Wasatch Back looking down towards our new 82 Old Ranch Road listing With March often comes the first preemptive pangs of Spring. These brief respites from mid-winter snow and cold are just enough to get a taste of spring skiing and après t-shirt weather, only for snow and mid-winter conditions to quickly return. Based on annual averages March is the snowiest month each season, and while the jury is still out on this season (fingers crossed for some BIG spring storms!) there is no mistaking that March in the real estate world is as busy as ever. Just the other week our Summit Sotheby’s Park City offices placed over $114,000,000 in real estate under contract, while another $75,000,000 in transactions closed. Despite record low inventory, we’re still finding ways to get deals done. A powerful and connected network, proactive prospecting, and localized marketing are the lynchpins to servicing our clients in such a competitive market.