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January SunCrest Market Update
2015 marked the best overall year for SunCrest homeowners since 2007 thanks to steady demand, attractive interest rates, and a healthy Utah job market. As we start our 16th year assisting families with their SunCrest real estate needs, let’s look back at 2015:
If you recall, last winter was pretty dry (yes, we mean moisture). The lack of flurries in the air could have helped contribute to the fact that sellers got more money per square foot for their homes in this quarter, than at any time all year long. Buyers paid an average of $109.71 per square foot during that three-month period.
Bump. Set. Spike! We see it every year. As the snow melts and families start planning for spring and summer, we see a spike in SunCrest homes coming to the market.
Interesting fact! Did you know that 72% of all SunCrest homes listed in 2015 actually sold? This is up from 63% in 2014.
SunCrest sellers and buyers were feeling like the market was hot, hot, hot! Homes spent an average of 39 days on the market during this quarter, as opposed to the overall 2015 average of 94 days.
SunCrest buyers and sellers didn’t leave as much room for negotiation in the 4th quarter of 2015. On average, homes sold for 98.65% of asking price — over 1% higher than the yearly average.
Our take: We are often asked, “When is the best time to buy or sell in SunCrest?” Our answer is always the same—when you’re ready. Everyone’s timing, housing need, work situation, and/or family decision is different. We believe in arming you with the information you need to make the best decision available. Facts are just facts; but being able to research, understand, analyze, and interpret the facts will help you make an intelligent and informed decision.
Proposed plan for “Shoe Box” property—also known as the Michel Property.
Below is the proposed plan for the ~83 acre “shoe box” parcel located adjacent to the Tall Woods community. The plans include an elementary school, commercial buildings, storage facilities, high density and single family homes, a sledding hill, and ~33 acres of open space.
I wanted to title this post, “View’ve Got To See These Views,” but I was voted down. The compromise was that I got one paragraph to drop as many cheesy view puns as possible. Ahem… without further a-view, let’s begin:
View have got to see the scenery from this home! Have-view ever piloted a 747? Very view people people get to see that view-tiful sight, but view can — if view own this house. View won’t believe your eyes! Your friends will say, “View’ve got to be kidding me!” when they visit.
Now that’s out of the way, let’s really get into this…
I can’t tell you how many times I’ve heard “I want a home with a view.” What I can tell you is that views like these don’t come around too often and, well, we’re pretty excited to be involved with this home.
Its private driveway location means you have that jaw-dropping scenery almost all to yourself. Your own private view comes with nearly a quarter of an acre yard and a trio (!) of decks to enjoy it.
You won’t abandon those views by going inside. The intelligently designed layout keeps natural light, nature, and the views at top priority.
Soak up that Utah County and mountain scene from the open concept kitchen and family room. Having everyone in the same room when you entertain is a plus in our book.
The master retreat sits squarely on the back of the home, so you can enjoy sunsets from the plush comfort of your bedroom.
Downstairs offers plenty of space to stretch with three bedrooms, a full bath, and a monstrous walkout family room that delivers you right back to those sweeping southern vistas.
View You really ought to see it in person. Bring you camera, and it set it to panoramic mode, for sure.