Our Family Guiding Principles

As 2014 keeps rolling forward, its great to revisit our family’s guiding principles.  We started this a year ago or so with each family member writing down on a large sheet of butcher paper their values. They had freedom to write anything! From that… the list below developed.

A few weeks back, we had the opportunity as a family to sit down and re-visit our principles and then review and rewrite all four of the children’s goals with them.

What is your family’s most deeply held values and beliefs?  What are the major philosophical truths that we want our family to live by? How would be define our lifestyle? What is our family’s truest purpose? What are the values that give purpose to our family?These are some of the thought provoking questions you can ask while working to develop your family vision, mission statement(s) and your guiding principles.

This is our working document:

Our Vision: Live Simply in order to Give Generously.

Our mission is to create a nurturing place of faith, order, truth, love, happiness and relaxation.

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Family Guiding Principles:

Community

  • Build Relationships – Make Friends
  • People and Relationships matter; things don’t
  • Use your gifts to bless others: Give back. Be generous. Volunteer.
  • Hang around people that motivate you.
  • Decide to make a difference & success will find you.
  • Cheer others on. Pay compliments daily.
  • Respect the opinions of others.

Spiritually

  • Pray and Meditate Daily – Be Still
  • Give thanks to God; Be grateful.
  • Be Christ Centered – Love God – Know Jesus
  • Trust in God – Allow Him to direct your paths.
  • Confess your sins.  Apologize quickly. Forgive always. Let go of past…
  • Spend time in the Word – Read the Bible
  • Believe everything happens for a reason & expect good things to come from challenging times.
  • Be Mindful & Present in the Moment.

Physically

  • Smile and Laugh more.
  • Sit up Straight.
  • Get good sleep. Eat breakfast like a king.
  • Be disciplined in exercise 3-5 times per week

Yourself

  • Be responsible for our own actions and attitudes.  No blaming. Fault is irrelevant.
  • Speak the truth ALWAYS. Be honest. Keep promises.
  • Be compassionate. Love everyone. Be Lovable – Love Yourself.
  • Use best manners – say “Please” and “Thank You”
  • Work hard … go above and beyond doing it right the first time.
  • Let integrity, humanity, and courage lead your life and work.
  • Don’t attack, judge, or criticize. No name calling.
  • No boasting or bragging. No whining or complaining.
  • Do everything readily & cheerfully – no bickering & no second guessing
  • Don’t yell – speak in kind tones.
  • Listen more. React less.
  • Self Control, not Other Control
  • Keep a cool head; be slow to anger
  • Don’t quit. Don’t give up. Never say “never” or “can’t”
  • Live Responsibly – Follow the Rules
  • Read more books.  Never stop learning.
  • Life is a gift…focus on what you GET to do, not what you HAVE to do
  • Enjoy Life.  Choose Joy.

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Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

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Kristen Johnson, Realtor
435.659.8041 US & Canada cell     624 122 05 04 Mexico Cell

Park City Real Estate is building momentum in 2013

Park City real estate is building momentum in 2013. To date every month of 2013 has had a higher number of closed sales than in the same month last year, according to data released by the Park City Board of REALTORS®. The number of sales for the entire Park City market area, reached 1,668 in quarter three—that is 26% over last year’s number. With a total sales dollar volume reaching $1.19 billion, the third quarter of 2013 is up 34% compared to last year as well.  Jeff Spencer, President of the Park City Board of REALTORS® said, “Our Realtors sold more in the first three quarters of 2013 than we did during all of 2012.”

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Inventory– The current number of active listings on the Park City Multiple Listing Service is 2,199, down a little over 3% from last quarter. In just the Greater Park City Area—(Park City, Snyderville Basin and Jordanelle) there are only 1,160 active listings. This is a new record low!

The absorption rate (the average time a listing remains on the market) for single family homes and condominiums remains steadily low at 5.7 months. Including lots, the number is 7.4 months—which is also an all-time low. This is a striking number compared to the average of almost 60 months in April of 2009, according to numbers compiled by Rick J. Klein, Wells Fargo Private Mortgage Banker.

Sales– The number of closed sales through Q3 2013 is 1,621: That is 26% higher than this time last year.  In fact, the third quarter shows the highest number of sales in one quarter since 2007.  Dollar volume is also substantially higher than any quarter since 2007.

Single Family Sales– The number of sales of single family homes within the City limits increased 22% over last year, and the median price of homes increased by 26% to $1,295,000. In the Snyderville Basin, the number of sales is up 17% over last year with a 12% increase in median price to $707,750. Jordanelle Area is up 6% in number of sales but it is down 17% in median price to $643,500. Comparatively, the Heber Valley has climbed 19% in the number of sales and produced a 35% increase in median price!

For quarter three, Old Town stands out with a 51% increase over last year in the number of sales, with a median price increase to $912,500 which is up 14%. The number of sales also picked up in Lower Deer Valley with a 73% increase over 2012, but that may be a result of the median sales price dropping 24% to $1,500,000. In Park Meadows, the number of sales climbed 23% and the median sales price increased 43% to $1,470,000. The Silver Springs area jumped 109% in the number of sales, though the median price only increased 10% to $689,025. Another neighborhood which gained significantly in sales is the Trailside Park Area with a 59% increase over last year and a moderate median price increase of 11% to reach $510,000.

Condominium Sales– The number of condominium sales to date is up 20% with a median sales price increase of 12% to $373,300. The Jordanelle area saw the highest jump in year-to-date sales with a 74% increase and median price increase of 11% to $349,000. Within the Park City Limits, condo sales jumped 20% over last year; however, median sales price only increased 1%. In the Snyderville Basin, the number of sales only increased by 3% but the median sales price went up 13% to $321,497.

By area, Old Town had the highest increase in the quantity of sold units jumping 57% over last year—with an 18% price increase as well. Park Meadows saw a 38% increase in number of sold units, but dipped in price by 1%. In the Snyderville Basin area, Silver Springs increased over last year in both number of units sold by 75% and median price by 26% reaching $356,700. Pinebrook jumped 25% in the number of sales and the median price rose 14% to $315,000.

Vacant Land Sales– Vacant land saw the biggest increases in number of sales over last year with a 56% hike, though the median price fell 3% overall. Vacant land in the Park City Limits had the highest median price increase of 33% reaching $625,000. Jordanelle area saw a whopping 116% increase in the number of sales over last year’s number.  The Snyderville Basin saw a 41% increase in sales, though the median price is flat compared to last year remaining at $300,000. Highlights by area include Lower Deer Valley, Deer Crest, Pinebrook and Jeremy Ranch which all saw a significant increase in the number sales.

Distressed Sales– Short sales and bank owned properties continue to decline, so that they are far less of a factor in our market than in previous quarters. As reported by Rick J. Klein, Wells Fargo Private Mortgage Banker, only 1.17% of active listings are either short sales or bank owned. Distressed properties account for only 5.41% of all closed sales in quarter three. Jeff Spencer quips, “What shadow inventory?”

Looking Ahead– With the increase in the number of sales, median prices slowly on the rise, active listings at a record low, and an absorption rate of only 5.7 months (for homes and condos), our market appears strong and stable. “Already this year, there has been over $1.1 billion in closed sales, a number that was difficult to reach by year’s end only a short couple of years ago,” says Mark Seltenrich, Statistician for the Park City Board of REALTORS®.

Still individual neighborhoods in our market vary drastically, so it is vital for both home buyers and sellers to consult a local Park City REALTOR® for the most current and accurate information.

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

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Kristen Johnson, Realtor
435.659.8041 US & Canada cell     624 122 05 04 Mexico Cell

the 2013 Luxury Home Tour of Park City

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The 22nd Park City Luxury Home Tour will be on Saturday, August 10th, 2013 at the luxury gated ski-in/ski-out community of Deer Crest at Deer Valley, Park City, Utah. The event features some of the finest homes built in America by some of the best architects in the region including Rick Brighton Architects, Upwall Design Architects, Otto/Walker Architects, Mammen Associates Architecture, and Highland Group. There are seven luxury residences on the tour ranging from 5,509 sq.ft to 11,000 sq.ft. with expansive views of the Jordanelle Reservoir and the mountains. Located in the heart of Deer Valley, one of the top ski resorts in North America, Deer Crest has its own gondola, and is minutes to Historic Main Street Park City and only 40 minutes from Salt Lake International Airport.

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Tickets are $50 per person and support the Peace House and other local non-profits. For tickets and additional information please visit www.luxuryhometour.org

 

Luxury Home Tour 2013

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

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Kristen Johnson
435.659.8041US & Canada cell     624 122 05 04 Mexico Cell

shesellsparkcity@gmail.com
Friends, followers, and connections are a way of the future. Feel free to share!

 

Park City Real Estate Sales Continue to be Strong

The Park City Board of Realtors statistics for June 2013 YTD show that Gross Sales Volumes are up 18% to $696M from the same period in 2012. Sales for the month of June were up 10%. Pending sales are up 32% over June 2012 YTD. Overall prices are about even. Total inventory increased 10% from last month but the inventory levels remain 35% lower than the same period in 2012. New listings sell quickly if priced correctly, however, we are starting to see more over-priced listings hit the market.

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Single Family Home Sales continued to follow the overall market trend and are up 20% over the same period in 2012. Prices are up 9%. Sales in Old Town, Empire Pass, Aerie, Silver Springs, and Trailside were the most active. Homes priced over $1.0 M have been stronger than other price ranges.

Condominium sales are up 3% compared to June 2012 YTD. Prices are down 8%. Sales in Old Town and the Jordanelle were particularly strong. Condos under $500k are the most active segment of the market.

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Residential Homesite sales have increased 65% from June 2012 YTD with the number of transactions up 54% with rising prices. Red Ledges has released some great new premium homesites with great views and pricing and Promontory has released its “Private Collection” of selected developer homesites.

 Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

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Kristen Johnson
435.659.8041US cell
shesellsparkcity@gmail.com
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First Quarter 2013 Statistics are in… Park City Real Estate’s best quarter since 2007!

Park City, Utah – April 26, 2013 – Park City Board of REALTORS® just released statistics for the first quarter of 2013 showing the number of sales are up 17% from the first quarter of 2012. The sales dollar volume is up 28% over the same time-period last year, climbing from $239 million in Q1 of 2012 to over $306 million for Q1 of 2013. With 402 closed sales already this year, Mark Seltenrich, Statistician for the Park City Board of REALTORS® said, “This is the best first quarter we have seen since 2007.”

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Inventory
The current inventory of active listings in the greater Park City area is lower than it has been since 2006.  As of April 1st, there has been a 21% decrease in listings since April 1st of 2012. The current number of listings is down 47% since the high mark in July, 2008.

Distressed Sales
Foreclosures have become a less significant part of our market.  Distressed properties (foreclosures and short sales) now make up only three percent of active listings and accounted for only 13% of sold properties in Q1– down from 23% in Q1 of 2012.

Single-Family Homes
The number of sales for single family homes in all areas in Q1 increased 18% compared to Q1 of 2012, and the median sales price rose 30% to $619,500.  The median price for single family homes in the Snyderville Basin and Jordanelle area was up 28% reaching $634,500 from Q1 of last year, though down slightly from the year-end 2012 figure of $649,000.  The median price of a home within the city limits for the first quarter was $1,312,500, up 12% from the first quarter of 2012 and up 22% from the year-end 2012 figure. 

Condominiums
Overall, condominium sales decreased 3% from Q1 of 2012; however, the number of sales inside the city limits was up 21%. The median sales price within the Park City limits was $639,000, which is down 18% from the first quarter of 2012—though well above the 2012 year-end figure of $522,500.  While the number of sales in the Snyderville Basin and Jordanelle area was down 23% compared to the first quarter of 2012, the median price for a condo was $334,128, which is up 22% over the first quarter of 2012 and up 8% over the year end 2012 figure. 

Vacant Land
Vacant land sales increased 45% in the first quarter of 2013 with 74 transactions compared to 51 transactions in 2012.  Lot sales increased in both the city limits, up six sales (75%), and in the Snyderville Basin and Jordanelle areas, up 19 sales (73%).

The median price of a vacant lot, for all areas, fell 9% in the first quarter of 2013, dropping to $182,150 from $200,000 in 2012.  Lot prices within the city limits climbed 10% from $468,000 in 2012 to $514,500 in 2013.  Median lot prices in the Snyderville Basin and Jordanelle areas dropped from $237,000 in 2012 to $180,000 in 2013, a 24% decrease.  “These lower prices will not be sustained and prices through the rest of the year should rise as there are far fewer lower priced lots on the market. Prices overall, although higher, are still a great value,” Seltenrich said.

Looking Ahead

Buyer activity continues to be strong, and historically sales in the first quarter of the year are slower than the remainder of the year.  This means that competition for certain properties, especially single family homes under $500,000, will be harder to find. Though, with interest rates remaining historically low, today’s buyer has 43% more purchasing power than they did in 2006, as reported by Rick Klein of Wells Fargo Home Mortgage.

The low inventory is increasing the pressure on price. In some market segments, the absorption rate for a new listing is as low as 1.8 months on the market, while in others it is 144 months. Jeff Spencer notes that, “There are still specific areas within our market that are slower to respond to price increase and demand; therefore, opportunity still exists for good buys.”

Visit www.SheSellsParkCity.com to view current market inventory.

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

www.shesellsparkcity.com
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Kristen Johnson
435.659.8041
shesellsparkcity@gmail.com
Friends, followers, and connections are a way of the future. Feel free to share! 

Park City Area Real Estate Market Perspective 2012 – 2013

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After a slow start during the first quarter of 2012, the Park City real estate market turned the corner and finished with three relatively strong quarters. Only 340 units were sold during the first quarter of 2012, this is the lowest number of units sold since the first quarter of 2010. However, during the second quarter there were 491 units sold, the highest since the fourth quarter of 2007. In the fourth quarter of 2012 there were 502 units sold, up over 100 units from the fourth quarter of 2011. This is a 25% quarterly increase of units sold in just one year.

The rolling 12 month total number of units sold in December of 2012 was 1842, a 10% increase over the 12 months ending in December 2011. This also amounts to the highest number of units sold in a twelve month period since July of 2008. The six month rolling average ending in December was the highest since January of 2008, indicating that units were selling at a brisker rate in the second half of 2012 than in the first half and that the market is continually improving. This momentum is likely to continue through the first half of 2013.

The number of active listings in the Park City market continues on a declining trajectory dropping to 1959 listings in December. Active listings have not been this low since July of 2006. At the end of December there was a 12.76 month’s supply of units in the market, down from 16.63 months a year ago. The absorption rate has not been at this level since May of 2007, and is well below the peak reached in August of 2009 when there was a 40.77 month’s supply of units.

With listings on the decline, the absorption rate moving in a positive direction and the number of units sold on the rise there is pressure starting to mount on pricing. The median sales price in the local market at the end of 2012 was 548,000 compared to 523,000 at the end of 2011. May 2009 was the last time the median home price was at this level.

The 12 month rolling total volume sold in the market reached $1.24 billion in December 2012. This is the highest total volume sold since October 2008. At that time there were 1600 units sold to equal the 1.2 billion in sales, in 2012 there were 1800 units sold to equal the same amount demonstrating the decrease in home values over the four year period of time. However, the 1.24 billion in sales over the 12 month period ending in December 2012 is a 15% increase over the 12 months ending December 2011. During the same time frame the quantity of units sold was up 10% indicating there has been a rise in home prices over the past year.

Two final numbers worth noting in respect to the market are the percent of listings that have sold and the percent of asking price received by sellers. At the end of December 52.66% of all properties listed during the previous 12 months were sold. Not since August of 2006 has the percentage of listed homes sold been this high however at that time the measure was contracting and at this time it is growing. The percent of asking price received has remained at a steady rate of 95% over the past several months, signifying that sellers are holding more firm to their asking prices and not quite as willing to negotiate on pricing with buyers.

All major market indicators show that the Park City real estate and the greater Wasatch Back real estate market is on a solid path to recovery. What has been a buyer’s market for the past several years is starting to balance out and become a more equitable market between buyers and sellers. There are of course certain segments and geographical areas that are not performing as well as others but the overall market is stable and is expected to remain this way in 2013.

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

www.shesellsparkcity.com
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Kristen Johnson
435.659.8041
shesellsparkcity@gmail.com
Friends, followers, and connections are a way of the future. Feel free to share!

The Most Expensive Ski Homes Currently for Sale in Park City – Deer Valley

To follow up the last post … now with the Most Expensive Homes Currently for Sale in the Park City area:

This magnificent estate owned by the Hunstman family is a gated 22,000 square foot residence on 60.22 acres in Upper Deer Valley. This sophisticated rustic retreat perfectly encapsulating that classic ambience of Yellowstone National Park lodge, warm yet dramatic at once. With 12 bedrooms and 16 baths, the living spaces provide for entertaining on a grand scale. There is a large indoor pool and game room on the lower level. Extensive outdoor living spaces are surrounded by spring creeks, a waterfall and a fishing pond. The most expensive home currently for sale in the Park City and Deer Valley area and is offered at $44,000,000.

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This Ultimate Ski Home located in the Colony at the Canyons is being offered at $26,200,000. With 9 bedrooms and 15 bathrooms in over 15,000 square feet of living space, this home has something for everyone!  This is one of the most extraordinary homes in the Rocky Mountains!  Seller Financing is available.

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The SKI Magazine Dream Home is truly a Deer Valley masterpiece, exuding stunning architecture, a brilliant design and inspiring panoramic mountain and lake views. Raising the level of resort luxury, this home features direct ski-in/ski-out access from Deer Valley’s Mountaineer ski run, a heated outdoor pool, waterfall, custom elevator, golf simulator, grand theatre, DJ booth, 550-gallon aquarium, steam room, sauna, day spa, and approximately 4,500 square feet of heated decks and patio space. This dream home offered at $21,900,000.

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In every way possible this residence really is the True Ski Home, sitting at the top of Deer Valleys Silver Lake Village area in the very private gated Bald Eagle Club featuring views for miles down valley, across the ski resorts and to the city lights. The 14,0000 square foot home makes entertaining easy with a billiard room, game room, multiple living areas, resort like ski room, indoor pool and spa and sauna and caretakers quarters.  A rare combination of extreem security, privacey and ski in ski out right into your own ski lounge. Offered at $20,500,000.

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Rounding out the top 5 is another home in The Colony. This amazing 18,500 square foot estate resides on seven acres in The Colony. The main home has three bedroom suites and there is an attached five-bedroom guest house. A gourmet chef’s dream comes to life in the fully outfitted kitchen and butler’s pantry. There is an amazing indoor 25 meter pool with automatic cover,Jacuzzi and a waterfall feature on the lower level.There is a ski prep room,fitness room and theatre as well as a family room complete with billiards. This estate is offered at $19,500,000.

 

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:
www.shesellsparkcity.com
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Kristen Johnson
435.659.8041
shesellsparkcity@gmail.com
Friends, followers, and connections are a way of the future. Feel free to share!

2012 Top Home Sale Prices in Park City

And the winner is… a $11,225,000 home in Deer Crest!

Park City, and the Deer Valley area in particular, still remains one of the most affordable luxury ski destinations in the country which rivals the likes of Aspen and Vail. 

Deer Crest

#1 10282 N Summit View Dr – Deer Crest : $11,225,000

This home sold in October coming in at #1 for the year at $11M. A total of 17,000 square feet with 7 bedrooms and 11 bathrooms, this is a very large and luxurious estate home in the Deer Crest area. This ski home sits on 2.5 acreas overlooking the Jordanelle Reservoir with stunning views and great ski access down to the Deer Crest Gondola.  

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#2 9100 Marsac Avenue #1182 – Montage Deer Valley : $8,250,000

The #2 spot is a condominium at the luxurious Montage Deer Valley in Empire Pass sold by the Montage sales team. This development is one of the most prestigious in the Deer Valley area with many sold residences for this ski-in ski-out luxury complex. This unit is a four bedroom and seven bath residence with 6,858 square feet which is one of the largest residences offered at The Montage. 

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#3 9950 N Summit View Dr – Deer Crest : $6,900,000

Deer Crest top the charts with another sale. This estate offered great ski access right out of the door and grand lake views. Sold in April of last year for just under 7M by our own Keller William associate.  With six bedrooms, eight bathrooms, and almost ten thousand square feet of slope-side living, this is an impressive ski home. 

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#4 7840 Hawk Ct – Bald Eagle : $6,875,000

This impressive estate home in Bald Eagle was sold back in February as the 2nd sale within Bald Eagle to top the list. This home is in the prestigious and gated area of Bald Eagle and designed by Otto Walker. A cabin style luxury home at it’s finest with expansive views. The home boasts 12,000 square feet of living space with eight bedrooms and twelve bathrooms. This home was built in 1997 in one of the most renowned locations in all of Deer Valley. 

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#5 2300 E Deer Valley Dr #802 – St. Regis : $6,200,000

Another resort residence made the top 5 sales for 2012 located at the St. Regis inside of Deer Crest. This is a four bedroom with 5 bathrooms unit with 3,615 square feet of living space. This sold for $1,716/sq ft which is an impressive number to see selling after coming out of the suppressed markets we have seen these last few years. St. Regis is another luxurious development to rival the Montage and is in the gated Deer Crest area. 

Sometimes I am hard to catch.  If you try me at the following places, you will have a much better chance of finding me:

www.shesellsparkcity.com
Facebook
LinkedIn
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Kristen Johnson
435.659.8041
shesellsparkcity@gmail.com
Friends, followers, and connections are a way of the future. Feel free to share!