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SunCrest Pizza Party

By Scott Steadman / April 6, 2020 / 0 Comments


Over the last few weeks of the stay safe orders to combat Covid-19, we’ve missed being out with our neighbors in person, but have been super grateful for the sense of community we’ve still been able to feel here in SunCrest. Whether it’s friendly waves, online check-ins, the countless random acts of love for our medical workers, elderly, and other residents, we’re feeling how special SunCrest really is.

All these good vibes made us want to throw a big pizza party to celebrate the good, but how could we do that while maintaining our social distance to slow the spread of Coronavirus? We reached out to a business owner who’s a SunCrest resident (and veteran) and found a solution that provides the biggest pizza party our community has seen—the #suncrestpizzaparty!

Thanks to everyone who signed up for a pizza, and to those who instead donated theirs to the Utah Food Bank.

Huge shoutout to SunCrest residents and business owners Kevin and Christa Hutchinson for the perfect execution of preparing and wrapping nearly 100 pizzas!

Next time you’re in the mood for a pizza, visit them Murray at 659 W 5300 S or 900 E 5692 S.

SunCrest, thank you for continuing to rally for yourselves, your neighbors, and your community. Day by day, slice by slice, we’ll get through this.

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SunCrest Market Update – February

By Scott Steadman / February 13, 2020 / 0 Comments

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SunCrest Market Update-February

 
Where Did All The Houses Go?
Right now in SunCrest there are only six existing homes for sale. SIX! There’s one home listed under $500,000, one home listed between $500,000 to $600,000, and 4 above $600,000. We discussed some of the reasons why inventory tends to soften in a recent market update
 
What Does This Mean?
Based on the average velocity at which homes go under contract and sell each month, we have less than a 30 day supply of homes. In other words, if no other homes were to be listed, historical trends show that in 30 days there wouldn’t be any existing homes left to buy in SunCrest. Sure, this is only hypothetical—additional homes will almost surely be put up for sale, the homes currently listed could be priced incorrectly and linger past 30 days, or the buyer pool could shrink—but we don’t see any strong indicators that the market will change drastically anytime soon. Long story short? There’s not a lot for sale in SunCrest.
 
Our Take:
Times like this (real estate folks call it an “inventory shortage”) present a unique opportunity for sellers. Listing your home now may lead to multiple offers above asking price, and some buyers who may be eager to accommodate your flexible timelines (think school or new job) or present less stipulations to their purchase.  SunCrest buyers are circling the block. Part of the reason for the inventory shortage is that it’s clearly a great time to buy. Interest rates have dropped to the low 3’s and have kept homes affordable and buying within reach. Whether you’re buying or selling, the market is definitely active but an inventory shortage presents unique opportunities on both sides of the transaction. Working with an experienced team with a goal-specific approach will help achieve the best results. 

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.

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4th Quarter Utah Market Report

By Scott Steadman / February 4, 2020 / 0 Comments

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4th Quarter Utah Market Report 

Cheers to a happy and healthy 2020. Hope you are off to a great start to your year. As you know here at Windermere we have a team dedicated to analyzing the market and making predictions. The following analysis of select counties of the Utah real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. 
 
Here are 3 things we found interesting from Gardners Q3 Report
 
  • The number of homes for sale in the final quarter of the year was 14.4% lower than in the same period a year ago and 21.3% lower than the third quarter of 2019.
  • The average home price in the region continued to rise in the fourth quarter, with a year-over-year increase of 9.5% to an average of $403,186.
  • Inventory levels remain low, even in the face of modestly increasing market time.

Wondering what this may mean if you’re looking to buy or sell? The market looks different throughout the year so you’ll need a season-specific game plan. Please don’t hesitate to contact us with any questions you may have. 

 
We hope that this information may assist you with making better-informed real estate decisions.
 
Our best, 
Scott and Robyn


 

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SunCrest Market Update- January

By Scott Steadman / January 18, 2020 / 0 Comments

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SunCrest Market Update-January

The 2019 SunCrest Market Summary
Where did 2019 go? As we close out the year that was, we’d like to thank you—each resident of SunCrest—for all your support as we provide these monthly updates. Your comments, messages, and social and real life interactions keep us going. Now that 2019 is over, let’s look back at the SunCrest real estate market last year.
 
2019 By The Numbers
Total SunCrest Properties Sold: 182 (Highest in over 10 years)
Composition of Properties: 111 Existing homes, 64 New homes, 7 vacant lots
Highest Sold Price: $2,000,001
Lowest Sold Price: $281,500
Median Sales Price: $529,000
Most Active Sales Period: 3rd Quarter – 56 Closed transactions
Median Sales Time: 21 Days
 
The “Average” SunCrest Home Sold in 2019
We thought it would be fun to create a profile for the “average” SunCrest home sold in 2019. Not that there are any “average” homes in our neighborhood, but based on the data here’s what that profile would look like:
Built 2011
4.14 bedrooms
3.18 bathrooms
2.45 garage
.21 acres
Price – $553,373
$144 square foot
44% finished basement
42 days average time to sell
 

Our Take:

What a year! While it was a very active year for SunCrest real estate and we find it informative and helpful to look back, we also recognize that each home sale and purchase are a unique case. It’s always best to take a hands-on approach and assess each home for its own merits. Averages can also be misleading, as there are always wide exceptions to it—that’s how averages work, after all. Things like timing, condition, location, and quality all have an impact on buying and selling and you can get frustrated pretty easily if your home sale or purchase don’t seem to be fitting the “average” experience. Having a hyperlocal expert in your corner who knows how to spot out of average opportunities can help turn any transaction to your benefit.


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.

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SunCrest Market Update-December

By Scott Steadman / December 27, 2019 / 0 Comments

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SunCrest Market Update-December

 
Is January The New April?
For a long time, April seemed to be the most happenin’ time to list a home. We recently shared with you many of the reasons that winter has huge advantages over other seasons when it comes time to buy or sell a home, and now we’re seeing the data to prove it. Realtor.com tracks how many views each of their listings receives, and they report than January 2019 had the highest number of views per listing in one out of five markets including Salt Lake City, Additionally, they said this trend of high views in January—not April—has been increasing consistently over the past 5 years. 
 
What’s Going On?
Okay, so January is getting hotter and online views of listings are up, but what does that mean here in SunCrest? We took a deep dive into our own data to see what (if any) effects that has on the overall buying and selling experience. 
  • Price – The average and median sales price of SunCrest homes has gone up consistently over the last 5 years, but we actually don’t see any appreciable spike in price in January.  
  • Days on market – One thing is for certain, putting your home up for sale in April has historically led to a quicker sale, but that advantage has been steadily decreasing for five years. Since 2015, homes listed in January have been selling nearly as fast. In 2019, homes listed in April sold only 5.5 days quicker than January. A stark difference from 2015 when the difference was 91 days. 
  • Negotiation – The data didn’t reveal any significant difference in price negotiation. Whether a home was listed in January or April, when we compared the original asking price to the final sold price, it varies from year to year without consistent pattern.

Our Take:

The Realtor.com study and our own data prove it: winter is definitely not a bad time to buy and sell a home. In most cases, you just need a season-specific game plan. Depending on your circumstances,  winter might actually be the best time to buy or sell in SunCrest. Working with an experienced agent or team who can help guide you through the home buying or selling process can help you make the smartest selling or buying decisions in any season.

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.

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This is SunCrest

By Scott Steadman / December 26, 2019 / 0 Comments

The sun comes up over the mountain and shines on the gambel oak around you. The Salt Lake Valley has disappeared beneath the inversion, but in SunCrest, the sky is bright and blue. What will you do today? Sled with the family? Snowshoe down your favorite trail? Stop by the community clubhouse for the neighborhood mixer? Winter, spring, summer, fall—there’s always something to do. This is SunCrest. This is the SunCrest lifestyle.

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Thank You SunCrest!

By Scott Steadman / December 16, 2019 / 0 Comments

Wow – this was our biggest year yet! The continued generosity and support from our community to our annual Warm Winter Clothes Drive is nothing short of amazing. Your donations (hundreds of items!) benefitted The Family Support Center’s Midvale Life Start Village, a non-profit that provides housing and self-sufficiency program for homeless parents in Salt Lake County. Every item you gave will help someone stay a little warmer this winter.

We are moved by the personal stories you shared with me and Robyn. You told us about special trips to stores to buy items, making items when you’re able to find a minute or two, or saving stuff in basements, closets, and garages throughout the year for this drive and it always touches our hearts. We are so grateful for your continued partnership and support. 

Shout out to the SunCrest OA for allowing donations to dropped off at the clubhouse.

With all the gratitude we have, THANK YOU.

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15122 S. Eagle Chase Drive

By Scott Steadman / December 13, 2019 / 0 Comments

💰 $430,000 | 📐 3,336 sq. ft. | 🛏 6 beds | 🛁 3 baths | MLS: 1646157 – Windermere


SCHEDULE SHOWING


Every home has a story…

Every home has a story, and this one is pretty special. We’ve been lucky enough to watch the story of this home unfold. We were here when it was built. We saw it a few years ago when it was updated with fresh paint, carpet, and landscaping. Then we saw the owners raise their kids in a flowing floor plan, the private backyard, and with a love of the SunCrest Community. Today, we’re writing the next chapter. Yes, that floor plan still flows and has proven to stand the test of time-we think open concepts will always be in style. However, the last few years have added a whole new finished basement, including 3 new bedrooms, a full bathroom with custom cabinets, wet bar, and an unbelievable oversized entertaining area that extends nearly the full depth of the house. Best of all, the story becomes yours to write as the movie projector and screen all stay for you to enjoy. The backyard is ready for kids full of curiosity, four-legged adventurers, or overflow for those summer BBQs. It abuts natural vegetation, so you get the ultimate in privacy and peaceful serenity. One part of the story that stays the same is the stellar location, where summers are spent at the neighborhood pool and winters at the community clubhouse with friends or family, or even our snowshoeing one of the local trails. Winter stories always end with tales of clean air as SunCrest sits well above the infamous valley inversion. LIfe is full of stories, come and write yours here.

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SunCrest Market Update-November

By Scott Steadman / November 26, 2019 / 0 Comments

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SunCrest Market Update-November

 

Where Exactly Is Your Home “Listed” For Sale?

When you hire a real estate agent, your home is typically listed on the local Multiple Listing Service (MLS). Here in Utah, we use the Wasatch Front Regional MLS, or WFRMLS. The MLS is one giant database of all the homes for sale in an area, listed by licensed agents who pay to have access to the MLS. This is obviously one advantage over listing your home for sale by owner, as there are thousands of eyes on the MLS each day.

Do You Have to List on the MLS?
Historically, home sellers could opt out of being listed on the MLS. Although very rare, some sellers had their reasons. Celebrities, for example, may not want their home and address posted on the internet. In most cases, however, it presents a huge advantage to a seller to have their home in front of as many other agents as possible. Additionally, the MLS is searchable by the general public, although agents do have access to much more enhanced information and more specific search capabilities. The big third-party real estate websites also scrape the MLS and give sellers extra exposure there.

Recent Trends in the MLS (What in the World is a Pocket Listing?)
Recently, we’ve been seeing agents delay or opt out entirely of adding homes into the MLS. Instead, they have been marketing these homes to their own private network. This often includes sending around the listing to other agents, sending an email blast to a curated list of potential buyers and home investors, placing a sign in the yard with a “coming soon” sign, flyer distribution, and other marketing tactics outside of the Realtor-run MLS. This tactic of marketing only to a small pocket of interested buyers has been dubbed a “Pocket Listing.”

Recent Changes In Pocket Listing Policy
This month, we attended the National Association of Realtors (NAR) Conference in San Francisco. This yearly gathering is the largest annual event for real estate professionals, with hours of education, technology, and policy updates. This year, Pocket Listings were a hot topic. In an effort to create a more transparent and open market for real estate, the National Association of Realtors board recently passed a cooperation policy to limit the practice of Pocket Listings. It compels agents to add their homes to the MLS within one business day of any action announcing that it’s for sale. If a yard sign goes up, or an email goes out, it has to be listed on the MLS within a day (with a few exceptions).

Our Take: What Does This Change Mean To You?

Proponents say that keeping one big database in the MLS allows agents to better serve their clients, and ultimately puts your home in front of the most amount of buyers possible, creating demand that ultimately gives you the highest sales price. Opponents believe there is great value in letting you “test run” the market with a Pocket Listing before going public with it. Here’s the deal: we think you should decide. There’s no one size fits all approach, but we think you should not only be aware of what your agent is doing, but also work with them to make the right call. Consumers should be able to dictate how their home is marketed, and having a conversation with your agent will help you do what’s right for your particular situation.

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.

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Warm Winter Clothes Drive

By Scott Steadman / November 13, 2019 / 0 Comments

We’re excited for our 6th annual Warm Winter Clothes Drive. Over the past 5 years, you — our SunCrest friends and neighbors — have donated over 2,500 warm winter clothes items to the local communities where we live, work and play. We are humbled and grateful for your response to our call for help. You have made a difference to families who need you. THANK YOU!

This year, we’re excited to partner with The Family Support Center’s Midvale LifeStart Village, a non- profit that provides housing and self-sufficiency program for homeless parents in Salt Lake County. Winter brings bitter temperatures, so let’s team up to keep them warm!

We are asking residents to donate new or gently used warm winter clothes including:

WINTER COATS | JACKETS | WINTER GLOVES | WINTER HATS | WINTER PANTS | WINTER BOOTS

Here’s how you can donate:

* Email info@suncrestlifestyle.com with “PICKUP” in the subject line and we’ll pick it up! Don’t forget to put your address in the body of the email.

* Bring your donation to the “Light Up The Night” SunCrest Tree Lighting ceremony Friday November 15th, 2019 from 6PM-8PM.

* Drop off any item from the list above, into the blue donation bins at the SunCrest Community Clubhouse, now through November 30th, 2019.

Thank you! Scott and Robyn

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