SunCrest Market Updates December 29, 2016

December SunCrest Market Update

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 Do SunCrest Homes Really Sell In The Winter?

We get asked that question a lot this time of year. For good reason, too. With the wintry weather, the holidays, or the notion that it’s just not “peak season” for real estate, it would be easy to think buying and selling a house isn’t on anyone’s mind.

redfin-seasonal-study-graphWhile it is true that more transactions occur in spring, you may be surprised to learn that winter is also a great time to sell your home. According to a recent Redfin study which analyzed over 7 million home sales over the past 4 years, Winter was a close second to Spring when it comes to greatest likelihood of selling above list price and selling in less than 30 days.

In 2016,  SunCrest sellers received 96.22% of their list price in winter compared to 96.55% in spring.

The total number of homes currently for sale in SunCrest continue to be at or near the lowest number it’s been in all of 2016.  Sure, trudging through snow or decking the halls (so to speak) might sound like it’s putting people off, but we’ve found that winter brings out the more serious buyers. Those looking to move are often motivated by a new job, new family member, or unique to SunCrest, escaping the inversion.

 Our take: 

Buyers looking are becoming increasingly frustrated at the lack of fresh inventory.  Sellers pondering putting the sign in the yard won’t face nearly as much competition but will have serious buyers knocking.  While snowstorms, windstorms, and holiday havoc may put some off for a weekend, history shows us that most are comfortable with snow boots and scraping the car to buy or sell their next home. If you’re on the fence (or snow mound) about the best time to buy or sell, now may be the time to explore your options.


Our SunCrest Market Update is a hyper-local analysis of the most up-to-date information regarding the SunCrest real estate market.  The previous month’s SunCrest housing information and future editions are released monthly.

SunCrest DevelopmentSunCrest News December 21, 2016

Draper delays 55 acre surplus, planning SunCrest open space

Draper City Council unanimously voted to delay the surplus of 55 acres of SunCrest area land until a definitive conversation easement can be put into place for the greater SunCrest area. The decision comes after receving public input in a crowded public hearing and efforts led by Draper Mayor Troy Walker in exploring a conversation easement with Salt Lake County.

55-acre-surplus-proposal

Image courtesy of Draper City

Walker said, “There are a lot of questions that are not answered and I think the public comment has given us a lot of opportunities and avenues to look….conservation easement is something I am very in favor of.”

In addition to the conversation easement and as part of their overall plan for SunCrest open space, the City will look to surplus areas for probable residential development in an effort to help pay off the debt incurred from the original SunCrest purchase. In the coming weeks or months, Draper City will hold meetings regarding the surplus (sale) of additional SunCrest land and a more definitive outline of where a perpetual conversation easement will be.

suncrest-boundary

Image courtesy of Draper City

Media:
Deseret News: Draper holding off on SunCrest development, planning 3,000 acre protection.
KUER NPR Utah: Draper City Council To Preserve SunCrest Open Space, Hold Off On Development.

SunCrest News December 6, 2016

Thank You, SunCrest | 2016 Warm Winter Clothes Drive

 

warm-winter-clothes-donations

2016-suncrest-donationsSunCrest, you’ve done it again. THANK YOU! We know there are a lot of opportunities (especially this time of year) to participate in drives or donations and we cannot thank you enough for your enthusiastic and continued generosity in our warm winter clothes drive.

suncrest-warm-winter-clothesIn 2014, we launched a warm winter clothing drive to help benefit schools in Heber City, Utah. Many residents of that community are the backbone workforces of the ski and tourism industry, often struggling to make ends meet with long hours and low wages. Many children attending school are below the poverty level. These kids and families don’t need new or brand name clothing, just warm winter clothes in the correct size so they can make it to and from school and enjoy recess. These donations have made a huge difference in these families lives.

With all the gratitude we have, THANK YOU for making this event a success! 

What is this about? Read about it here. 


SunCrest Homes December 2, 2016

2007 E. Oak Summit Drive | Live Elevated

$600,000 | 5,504 sq. ft. | 3 beds | 2.5 baths

When we first saw this house, we couldn’t get the word “elevation” out of our minds. After all, it sits atop one of SunCrest’s most elevated streets. The elevation – its position above both the Salt Lake and Utah valleys – is what affords some experiences you don’t get just anywhere. Breakfasts here are served with sunrises over Mt. Timp and gorgeous views of Utah Lake. Dinner is paired with sunsets over the Great Salt Lake and twinkling city lights.

SunCrest Real Estate

Elevation has another meaning, though. In architectural terms, it’s a flat view of one side of the home. We think every elevation strikes a stunning silhouette against the skyline. Architecturally speaking, however, there’s even more to love on the inside. The 5500 square feet is laid out to take maximum advantage of an elevated lifestyle.

Windows line the walls to capitalize on the home’s unbeatable mountain setting.

The gigantic chef’s kitchen is complete with double ovens, in-counter gas cooktop, and beautiful thick slabs of granite. Best of all, the kitchen is the heart of the home and is flanked by the dining room and a pair of family rooms have taken “open concept” to new heights. We’re confident it will handle any size party you’re brave enough throw at it.

Three bedrooms, 2.5 bathrooms are tucked quietly away if you need a break from the home’s common areas. The master bedroom is not only a spacious retreat, but it’s flooded with natural light and features sky high ceilings, double closets, dual vanities, a spa-like tub and shower, and a walkout (yep, we said walkout!) that leads to the open mountain air above the inversion and worry of life below.

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