Nancy Tallman's (nancytallman) Blog

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Real Estate Agent - Summit Sotheby's International Realty
RECENT BLOG POSTS
Is commercial real estate in Park City, Utah a good investment? Park City’s leading commercial real estate agent gives his take on the market. We asked Paul Benson to summarize what has been going on in Park City commercial real estate the past 4 years, where the market is now, and where it is he...
03/11/2014
At Inside Park City Real Estate, we aren't just your local real estate strategists, we try to keep you abreast of everything going on in our favorite mountain town. You'll find all of those posts in the Park City Lifestyle section of our blog. This week, we're curious about the little parcel of l...
03/07/2014
    With Zillow, Trulia, Realtor.com and other home search sites easily available, what value does a real estate professional bring?     Clients don’t need me to find properties for them.  The truth is, most of my buyer clients send me lists of the homes they want to see.  However, a list of pro...
02/26/2014
  About a year and a half ago, I wrote a post title “Bye, Bye Foreclosures” What is the picture like today? The opportunity to buy short sales and foreclosures continues to decline. Distressed properties accounted for less than 2% of all listings and less than 3.5% of sales in the Greater Park Ci...
02/18/2014
Park City, UT is the home to 35 Sochi Winter Olympians.  It’s amazing that three of them have parents affiliated with Summit Sotheby’s International Realty. Scott Webber, one of our owners, is married to Julia Mancuso’s mother.  Steve Kotsenburg and Bill Ligety, both real estate agents, are the f...
02/11/2014
Statistics from the last quarter of 2013 were just released by the Park City Board of Realtors and the overriding message is that there is no message for our market.  Yes, inventory is down, demand is strong and prices are up.  This is consistent with most of the U.S. The scary truth of the matte...
02/04/2014
Graph Source: NAR These are generally regarded as the top 3 real estate search sites in terms of the number of property views.   All of my listings are syndicated to each of these sites and many others.  But does quantity of views measure up to quality of views?  I looked at data collected by my ...
01/28/2014
The Sundance Film Festival took over our town a week ago, on Thursday, January 16th.  When you live in a town of less than 10,000 people and 50,000 people come to visit, they literally do take over the town.   Sure there have been many movie star sightings, documented by the numerous Facebook pos...
01/23/2014
When prices and interest rates are on the upswing, you can lose money by waiting.  Do the math.  If a 1% rise in interest rates is equivalent to a 10% increase in price (in terms of your payment) and if prices go up 5% this year, as projected, here are the hypothetical numbers:   Pretend you own ...
01/15/2014
  Single family home sales were down 1% nationally from 2012 to 2013.  In Park City, single family home sales were up 15%. * Nationally, the real estate market is considered “balanced”, meaning it is not a buyer’s or a seller’s market.  About 5-6 months of inventory is considered a balanced marke...
01/08/2014