JENSEN AND COMPANY 
PARK CITY, UTAH
REAL ESTATE NEWSLETTER
From the Desk of Brad Jensen
Halloween is in the rear view mirror, the weather has turned cold, the snow is flying and the resorts are all gearing up for a great ski season.  The Holidays are just around the corner. This is a wonderful time of year. I hope that all of you have your skis waxed and your passes in the bag. It looks like the ski season is shaping up to be a good one. The snow guns have been blowing snow for a couple of weeks now and there is already starting to be a good base.

The real estate market continues to be active. Here is an example. In October of 2013 there were 227 properties sold with an average days on market of 116. In October of 2014 there were 234 properties sold with an average days on market of 154 and this October there were 241 properties sold with average days on market of 110. So, just looking at October, the number of sales has been steadily increasing.

There were 265 new listings in October of 2013, 269 new listings in October of 2014 and 300 new listings in October of 2015. New listings continue to come to market.

In October of 2013 there were a total of 2678 properties for sale in the Park City market. In October 2014 there were a total of 2680 and in October of 2015 there were 2578.

The market has been steadily active for the past two years and new listings continue to come to market though overall inventories have decreased slightly.  
 
I expect 2016 will be a very good year. If I can ever be of assistance please or if you have real estate questions please let me know.

I hope to see you on the slopes.

Sincerely,

Brad Jensen
(435) 901-8333
Summit Sotheby's International Realty
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Welcome to Park City...
A place where days are spent reconnecting with the outdoors and family time is valued above all else. In this quiet mountain town, finding a friend means hitting the trails and heading down to the river is your only commute. Life's just a little different here. Summit Sotheby's International Realty brings the dreams of owning a home in Park City to life! Here neighbors create friendships that last generations and generations of family build a legacy that can only be called Park City. 
For a home to remain in good shape throughout the winter it needs regular care and attention. When a home is occupied, many of the things that are necessary to keep it in good working order happen by default. But when the home is vacant, it is up to the owner or the property manager to prepare it for freezing temperatures and other winter risks.

The worst risk comes from bursting pipes, which can lead to water damage that can significantly impact the value of the home. Left alone, water can ruin everything it touches - walls, floors, electrical systems, etc. It can even damage the foundation. Other risks exist as well, such as pest infiltration, that can leave nasty surprises for the homeowner.

Taken together, the dangers of failing to winterize a home are too severe to ignore. Any real estate agent who has been involved with selling bank owned properties or vacant short sales can certainly tell you the necessity of knowing how to winterize a vacant home!


Market Update
Deer Valley Nightly Rental
Nantucket Island, MA Rental   
Upcoming Park City Events
IBSF Para World Cup
  • November 18, 2015 - November 22, 2015
  • Location: Utah Olympic Park
  • Phone: 435-658-4200
  • Visit Website
Park City Film Series - 5Point Film Festival
  • November 19, 2015
  • Times: 7 pm
  • Location: Jim Santy Auditorium
  • Phone: 435-615-8291
  • Visit Website
Future in Review Speaker Series - Mark Anderson
  • November 20, 2015
  • Times: 7:30 pm
  • Location: Eccles Center
  • Phone: 435-655-3114
  • Visit Website
Park City Film Series - Meet the Patels
  • November 20, 2015 - November 22, 2015
  • Times: Friday & Saturday 8pm, Sunday @ 6pm
  • Location: Jim Santy Auditorium
  • Phone: 435-615-8291
  • Visit Website
Young Frankenstein-The New Musical by Mel Brooks
  • November 20, 2015 - November 29, 2015
  • Times: Friday & Saturday @ 8pm, Sunday @ 6pm
  • Location: Egyptian Theatre
  • Phone: 435-649-9371
  • Visit Website
Park City Mountain Resort Opening Day (conditions permitting)
  • November 21, 2015
  • Location: Park City Mountain Resort
  • Phone: 800-222-7275
  • Visit Website
Nature Walk/Snowshoe Tour
  • November 21, 2015 - February 27, 2016
  • Times: 8:30 am to 10:00 am
  • Phone: 435-649-1767
  • Visit Website
Park City Culinary Institute - Join us for Appetizers Prepared by the Graduating Class
  • November 25, 2015
  • Times: 6 - 8 pm
  • Location: Park City Culinary Institute
  • Phone: 435-659-5075
  • Visit Website
Artist Reception for Bridgette Meinhold: Timing is Everything
  • November 27, 2015
  • Times: 6:00 to 9:00 pm
  • Phone: 435-649-3001
  • Visit Website
Last Friday Gallery Stroll
  • November 27, 2015
  • Times: 6-9pm
  • Location: Historic Main Street
  • Visit Website
Giving Tree Festival presented by Park City Rotary
  • November 27, 2015 - November 28, 2015
  • Location: National Ability Center
  • Visit Website
Park City Film Series - Everest
  • November 27, 2015 - November 29, 2015
  • Times: Friday & Saturday 8pm, Sunday @ 6pm
  • Location: Jim Santy Auditorium
  • Phone: 435-615-8291
  • Visit Website
Electric Parade and Festivities
  • November 28, 2015
  • Times: 4:00 - 6:30 p.m.
  • Location: Main Street
  • Phone: 435-659-9283
  • Visit Website
111 W Goshawk Ridge Rd, Park City, Utah 84098 - Price $2,600,000
This beautiful mountain estate sits on 11.5 acres in Goshawk Ranch; a tranquil 184 acre community within minutes to Park City and a quick 30 minute commute to Salt Lake City. This 10,292 sq. ft. estate includes six bedroom suites and an open spacious floor plan.
If you would like more information on your market area wherever it may be, please let me know. If it is not my area of expertise I can most certainly find a professional in your area who can assist you. It is great to be a part of such a powerful Sotheby's International Realty network. 

Sincerely, 
Brad Jensen 
(435) 901-8333

Brad Jensen
Associate Broker
Summit Sotheby's International Realty
(435) 901-8333