Park City Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

June 20, 2022

Where is Our Real Estate Market Headed? Why?

Park City Real Estate Market Talk Webinar

It is time for another installment of The Wilstein Team's "Park City Market Talk." This month join your Park City Area's Real Estate Expert, Ron Wilstein, to learn about current statistics for listings and sales. Also, take a dive into where our market is heading, in light of the current economy and other outside influences.

Post your questions and comments in the Comments section, email us at Info@TheWilsteinTeam.com, or call us at 435-487-0151.

Click here if you are looking for a neighborhood webinar, past Park City Market Talk webinar, or a special topic webinar. You can also visit our YouTube page for a complete history of our webinars.

April 19, 2022

How to Determine Fair Market Value for Real Estate in Our Area

Park City Real Estate Market Talk Webinar

It is time for another installment of The Wilstein Team's "Park City Market Talk." This month join your Park City Area's Real Estate Expert, Ron Wilstein, to learn about current statistics for listings and sales. Also discover how higher interest rates, inflation, and the war in Ukraine will likely impact our real estate market. Ron also covers how to determine fair market value when selling OR buying in our hot market.

Post your questions and comments in the Comments section, email us at Info@TheWilsteinTeam.com, or call us at 435-487-0151.

Click here if you are looking for a neighborhood webinar, past Park City Market Talk webinar, or a special topic webinar. You can also visit our YouTube page for a complete history of our webinars.

Jan. 20, 2022

Ron's Predictions for Park City Real Estate in 2022

Park City Real Estate Market Talk Webinar

Join us for The Wilstein Team's most popular webinar of the year. Ron Wilstein pulls out his crystal ball to predict what the real estate market will hold for us in the Park City, Snyderville Basin, and Jordanelle Park areas in 2022. He will also inform you about number of sales, prices, and listings in 2021. Jeremy Wilstein and Dean DeLeone join in to offer their expert perspective on 2021 and outlook for 2022.

Leave your questions and comments for us in the comments section, or contact us directly at Info@TheWilsteinTeam.com or 435-487-0151.

Dec. 13, 2021

Wow, What a Year! 2021 in Review (Webinar)

Park City Real Estate Market Talk Webinar

In our final Park City Real Estate Market Talk webinar of the year, your expert in Park City Area Real Estate will summarize 2021's ups, downs, and flat-liners, and surprises. Ron Wilsten, of The Wilstein Team at Keller Williams Park City Rel Estate, has been in the business for over 30 years. Be sure to tune in next month for his 2022 predictions. Leave your questions and comments for us in the comments section, or contact us directly at Info@TheWilsteinTeam.com or 435-487-0151.

Nov. 16, 2021

Which Property Group Appreciated by 46% Last Year?

Park City Real Estate Market Talk Webinar

This month's Park City Real Estate Market Talk webinar has a round table segment in which your favorite Realtors discuss reasons sellers are selling and what buyers need to do to be smart in this market. In addition, you will learn about Park City and the surrounding area's recent real estate statistics and last year's remarkable appreciation. Leave your questions and comments for us in the comments section, or contact us directly at Info@TheWilsteinTeam.com or 435-487-0151. Visit our website at BuyParkCity.com.

Sept. 20, 2021

Report on Park City's Fire & Real Estate Update (webinar)

Park City Real Estate Market Talk Webinar
In this month's Park City Real Estate Market Talk webinar, your Park City expert will catch you up on the area's real estate statistics. Ron Wilstein, at Park City Keller Williams, will also give a recap of the Parley's Canyon fire, talk about local condominium appreciation, and remind you to take advantage of The Wilstein Team's offer of a free Property Value Assessment. Leave your questions and comments for us in the comments section, or contact us directly at Info@TheWilsteinTeam.com or 435-487-0151. Visit our website at BuyParkCity.com.
Aug. 12, 2021

How to Save on Taxes While Park City Real Estate Climbed by 46% (webinar)

Park City Real Estate Market Talk Webinar
Get your Park City real estate fix this month with your real estate expert, Ron Wilstein, Broker/Leader of The Wilstein Team at KW Park City Keller Williams, in Park City, Utah. This month you can learn how to appeal your property tax bill and find out the latest market statistics and appreciation data. Leave your questions and comments for us in the comments section, or contact us directly at Info@TheWilsteinTeam.com or 435-487-0151. Visit our website at BuyParkCity.com
July 29, 2021

What Every Buyer Needs to Know to Buy a Park City Property

by Jeremy Wilstein and Dean DeLeone

Over the past few years, Park City consistently has had historically low inventory. Being a small resort town, lower inventory comes with the territory, but these days there are typically not even a handful of options for most buyers. When representing buyers, we always make sure that they are ready to submit an offer when the right property becomes available because there are likely other buyers with similar criteria waiting for the same property. In years past, clients with flexible schedules could hop on a flight when the right property became available, to come out to tour it in person to ensure it was a property worth pursuing. However, even back then, they risked the chance of losing the property to another buyer.

Once the COVID Pandemic hit, there was a short period of uncertainty about how it would affect the real estate market. It did not take long to realize that many prospective buyers desired a mountain home to escape to, enjoying the fresh air and outdoor activities -- all part of the Park City dream! In the summer of 2020, many buyers interested in the area decided to expedite their search, and they made their purchases sooner than originally planned. Newly interested buyers started flowing in, and it has been a hot market since. Overall inventory is at about a third of what it typically is, creating a very high demand for all properties when they hit the market. It is common for new inventory to immediately generate multiple offers upon coming on the market, and to sell at prices higher than list prices. The standard procedure for acquiring property has drastically changed.

While it is a very competitive market, our team of experienced agents is having great success assisting our clients in acquiring excellent properties. The local rumor mill may have you believe that it is impossible to purchase a property in the current market, but we have found that that is not true. We employ unique strategies that give our clients the upper hand in this competitive environment:

1 OFF-MARKET TRANSACTION

Rather than sitting around and waiting for properties to hit the market, we are constantly communicating with local agents identifying properties that they have coming on the market. When the property meets a particular buyer's needs, we immediately contact our clients to inform them that a great property is becoming available. We encourage them to submit an offer before it goes on the market, to tie up the property before competition is widespread. 

2 WINNING IN A MULTIPLE OFFER SITUATION

Many sellers are not willing to accept offers prior to marketing their property to the masses. We do not shy away from these situations. We have unique negotiation techniques that give our clients a competitive edge, enabling them to win when competing against multiple offers.

3 COMMUNICATION IS KEY

As a buyer in today's market, it is crucial to maintain thorough communication with your agent. We need to know what you are looking for, how you plan to buy it, and when you are ready to make a purchase. The more details we know, the better we will perform our search for you and inform you as soon as we identify a prospective property. We will both be prepared to acquire the right property as soon as it is identified.

Communication is part of our unique negotiation strategies as well. Many agents submit offers without ever talking to the listing agent. We are in constant communication with the agent to ensure they know that we have a serious buyer. They can relay to their seller all the advantages of choosing your offer over others.

You are probably wondering what these particular strategies are that we have alluded to. We have intentionally not gone into detail about the specific steps our team takes in the current real estate market, intending to keep them as competitive advantages for our clients. We would be more than happy to go into more detail on an individual basis with those who are interested. Please give us a call or send us an email, and we look forward to creating an individualized plan of attack that best helps you attain your Park City real estate goals! 

July 19, 2021

52% Appreciation Reported in Park City

Park City Real Estate Market Talk Webinar
Join Ron Wilstein and The Wilstein Team for your Park City Real Estate Market Place webinar, coming to you from KW Park City Keller Williams Real Estate. In this July 2021 episode, your real estate expert will be sharing the details and answering your questions about Park City's newest resort - Mayflower Mountain Resort. He'll also make sure you are well-informed about Park City's summer calendar, how COVID-19 has affected real estate statistics, and appreciation rates. Leave your questions an comments in the Comments section, or send an email to us at Info@TheWilsteinTeam.com. Call our office at 435-487-0151. Visit our website at BuyParkCity.com
June 16, 2021

How to Negotiate a Real Estate Sale or Purchase in Today's Market

Park City Real Estate Market Talk Webinar

Meet with your Park City area's real estate experts, Ron Wilstein, Dean DeLeone, and Jeremy Wilstein, for this month's Park City Real Estate Market Talk Webinar. This episode will bring you up to date on the our calendar of summer activities and current listing and sales statistics. We have a roundtable portion that is all about how to negotiate a purchase OR a sale in this record-breaking market. Please leave your comments and questions in the comments section below, send an email to us at Info@TheWilsteinTeam.com, or call our office at 435-487-0151.