Salt Lake
REALTOR
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July 2014 March 2012
Parade of Homes Preview p. 14
Top Home Builders p. 22
Remodeling Jobs That Pay Off p. 30
A N NUA L R E A LTOR ® DAY
LAKESIDE BRUNCH TUESDAY, JULY 29, 2014 • 8:30-NOON
Join Us for Brunch and a Sneak Peek of Five Innovative Parade Homes in Daybreak
Sou
Special Pricing
LOCATION Daybreak’s North Beach 10400 South 4700 West South Jordan
y
10600 South i gh w a y ge r t e r H B an
QUESTIONS Barbara Breen at Daybreak 801-204-2844 Email: Barbara.Breen@riotinto.com Or: Contact the SLBR at 801.542.8840
Oquirrh Lake Rd
RSVP for the REALTOR Day Brunch to the Salt Lake Board slrealtors.com by July 24, 2014.
rda th Jo n Pkw
11400 South
SL Board of REALTOR® ticket pricing day of event only.
$8 each | $7 10 or more tickets | $6 50 or more tickets
EQUAL HOUSING OPPORTUNITY
“I think you want to join a company that’s going to be around forever. Berkshire Hathaway is built to be forever, it’s true of all our businesses that we own. You want to be part of an organization that’s not looking to sell out next week or next month or next year or where the place will crumble when the founders leave. In terms of permanence, we can’t be beat. Not only can we not be topped by anyone, we can’t be matched by anyone.”
Warren Buffett Chairman and CEO, Berkshire Hathaway Inc.
The Sign of Confidence. Get to know us at: BHHSUtah.com
© 2014 BHH Affiliates, LLC. An independently owned and operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc. Equal Housing Opportunity.
The 2014 Salt Lake Charity Gala Raises $34,000 p. 10-12
Table of Contents Features 10 Charity Gala Raises $34,000 for Two Causes
14 Salt Lake Parade of Homes Centers on New Possibilities and Ideas Dave Anderton
22 Top Wasatch Front Home Builders
Dave Anderton
26 Realtors® Want More Technology from Brokers and MLSs Inman News
30 2013-14 Cost vs. Value:
Remodeling Pays Off Big Time Erica Christoffer
Columns 7 Mid-Year Housing Report Angie Domichel Nelden – President’s Message
Departments 8 Happenings 8 In the News 34 Housing Watch 36 Realtor® Connections 28 On the Move
On the Cover: Photo: Dave Anderton Photo left: Dave Anderton
This Magazine is Self-Supporting
Salt Lake Realtor® Magazine is self-supporting. The advertisers in this magazine pay for all production and distribution costs. Help support this magazine by advertising. For advertising rates, please contact Mills Publishing at 801.467.9419. The paper used in Salt Lake Realtor® Magazine comes from trees in managed timberlands. These trees are planted and grown specifically to make paper and do not come from parks or wilderness areas. In addition, a portion of this magazine is printed from recycled paper.
Salt Lake
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July 2014 volume 74 number 7 The Salt Lake REALTOR® (ISSN 2153 2141) is published monthly by Mills Publishing, located at 772 E. 3300 South, Suite 200 Salt Lake City, Utah 84106. Periodicals Postage Paid at Salt Lake City, UT. POSTMASTER: Send address changes to: The Salt Lake REALTOR,® 772 E. 3300 South, Suite 200 Salt Lake City, Utah 84106-4618.
Is Your Lender Rowing in the Same Direction?
SEE THE VIDEO
www.SNMC.com/row
Is your lender getting a free ride? You shouldn’t work with a lender that doesn’t pull their own weight. We value our real estate partner relationships, and do our part to help you succeed. Live in a world of smooth transactions. 801.590.2277 | LOANS@SNMC.COM | 6965 UNION PARK CENTER | COTTONWOOD HEIGHTS, UT 84047 SECURITYNATIONAL MORTGAGE COMPANY | NMLS# 3116 | WWW.SNMC.COM
Salt Salt Lake Lake
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President Directors Managing Editor Angie Domichel Nelden Dave Anderton Cheryl Acker Coldwell Banker Residential
At Home Realty
Copy Editor
M. Brock Andersen First Vice President Georgia Cuthbert Prudential Utah Real Estate Dave Robison Communications Committee Jared Booth Robison & Co. Coldman Banker Lori Lee – Chairwoman Annie Hedberg – Vice Chairwoman Tom Colemere Second Vice President Colemere Realty Publisher Troy Peterson Inc.Linda Geer Equity Real Estate Mills Publishing,Coldwell Banker Residential www.millspub.com Shirley Jacobson President Sales StaffReal Estate Treasurer Windermere Miller Paula Bell Adam Dan Kirkham Lisa Jungemann Kirkham Real Estate Bill LinesReal Estate Windermere Office Administrator Karen Malan Cynthia Bell Snow Tony Ketterling Paul Nicholas Past President Equity Real Estate Art Director Don Nothdorft Dave Frederickson Mike Morgan Jackie Medina Keller Williams Keller Williams Administrative Assistant Magazine Designer ChloéMichael Herrman Rowe Erin Tripp CEO Prudential Utah Real Estate Office Assistant Curtis Bullock Graphic Design SharonSnow Spratley Jessica Prudential Utah Real Estate Erin Tripp Ken Magleby Patrick Witmer Advertisinginformation informationmay maybe beobtained obtainedby bycalling calling Advertising (801)467-9419 467-9419ororby byvisiting visitingwww.millspub.com www.millspub.com (801)
Managing Editor Directors President DeAnna Dipo Dave Anderton Cheryl Acker Distinctive Properties
Mid-Year Housing Report
At Home Realty
First Vice President Publisher Jillinda Bowers Purdential Utah Donna PozzuoliMills Publishing, Inc. Daniel Christensen Prudential Utah www.millspub.com Coldwell Banker
Second Vice President President Sarah M. Colbert Dave Frederickson Dan Miller Summit Sotheby’s Keller Williams Art Director Tom Colemere Treasurer Jackie Medina Colemere Realty Charlotte Thomas Kim Farber-Lynch OfficeEquity Administrator Graphic Design Keller Williams Real Estate Cynthia Bell Snow Leslie Hanna Lisa Hyte PastKen President Magleby RE/MAX Canyons Office Assistant Bill Heiner Patrick Witmer JessicaJacobson Snow Shirley
T
he year is already half over and Salt Lake’s housing market appears to be experiencing a slight correction. With sales in the first half of 2014 showing a decline, buyers, it appears, are pulling back. In fact, home sales in Salt Lake County in the first half of 2014 fell 11 percent to 5,222 units sold (preliminary figures). That’s more than 600 fewer homes sold compared to the first six months of 2013. The recent slide in home sales began in the fourth quarter of 2013, when sales slid 5 percent (year-over-year). Much of the pullback can be attributed to a run up in housing prices over the past two years. Since the first quarter of 2012 (when home prices bottomed at a median price of $190,000) the median single-family home price in Salt Lake County has climbed nearly 30 percent. The price increases have been good news for those underwater in their homes, but have priced some first-time buyers out of the market.
And prices are still rising. The price of a median single-family home in Salt Lake County increased 5 percent in the first half of 2014 (year-over-year) to $252,000 (preliminary figures), reaching nearly the same median sales price as in the summer of 2007 – before the start of the Great Recession ($255,000).
RE/MAX Associates
Sales Staff Chief Executive Officer Paula Bell Bryan Kohler Jim Copeland Karen Malan Paul Nicholas
Windermere
Administrative Assistant Fred Law Kyrsten Holland Law Real Estate Angie Domichel-Nelden Coldwell Banker
Troy Peterson Equity Real Estate
Salt Lake Board: (801) 542-8840 Salt Lakee-mail: dave@saltlakeboard.com Board: (801) 542-8840 e-mail: dave@saltlakeboard.com Web Site: www.slrealtors.com Web Site: www.slrealtors.com The Salt Lake Board of REALTORS® is pledged to the letter and spirit of U.S. policy ® for the equal housing opportunity the nation. We The Saltachievement Lake Board ofofREALTORS is pledged to thethroughout letter and spirit of U.S. policy encourage and support the affirmative advertising throughout and marketing for the achievement of equal housing opportunity the program nation. Wein which thereand are support no barriers obtaining advertising housing because of race, color, religion, encourage thetoaffirmative and marketing program in sex, handicap, familial or national origin. which status, there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin. The Salt Lake REALTOR® is the monthly magazine of the Salt Lake Board of REALTORS®. Opinions ® persons quoted in articles are their own and do not necessarily expressed by writers is the monthly magazine of the Salt Lake Board of REALTORS®. Opinions The Salt Lake REALTORand reflect positions of theand Saltpersons Lake Board of REALTORS expressed by writers quoted in articles®. are their own and do not necessarily reflect positions of the Salt Lake Board of REALTORS®. Permission will be granted in most cases, upon written request, to reprint or reproduce articles well and photographs this issue, provided proper is given to The Salt Lake REALTOR®, as Permission will beingranted in most cases, uponcredit written request, to reprint or reproduce articles ® as any writers and photographers whose names appear withtothe andREALTOR photographs. , as well andtophotographs in this issue, provided proper credit is given Thearticles Salt Lake While unsolicited original manuscripts and photographs related to the real estate profession as to any writers and photographers whose names appear with the articles and photographs. are welcome, no payment is made for their in the publication. While unsolicited original manuscripts and use photographs related to the real estate profession are welcome, no payment is made for their use in the publication. Views and opinions expressed in the editorial and advertising content of the The Salt Lake ® ® not necessarily by theand Saltadvertising Lake Board content of REALTORS REALTOR Views andare opinions expressedendorsed in the editorial of the. However, The Salt Lake advertisers do not make publication of this magazine so consideration products and necessarily endorsed by the Saltpossible, Lake Board of REALTORS®.ofHowever, REALTOR® are services listed greatly appreciated. advertisers doismake publication of this magazine possible, so consideration of products and services listed is greatly appreciated.
Over the past six years the Salt Lake County housing market has experienced historic levels of volatility. From 2007 to 2010 prices plunged 20 percent and sales fell over 40 percent. It should be little surprise that a slight correction is taking place. However, this year’s slowing should also be kept in perspective. Last year’s home sales were the best on record in seven years. So, in comparison with last year’s performance home sales were likely to be less. Still, we expect home sales to increase in the final half of 2014. The Board’s 2014 housing forecast released last January predicted that home prices would rise 5-7 percent (just a bit higher than the historic average of 4 percent), and sales of single-family homes would increase 7 percent to 12,500 homes.
Angie Domichel Nelden 2014 President
OFFICIAL PUBLICATION OF THE OFFICIAL PUBLICATION OF THE SALT LAKE BOARD OF REALTORS ®® SALT LAKE BOARD OF REALTORS REALTOR is a registered mark which identifies a professional in real estate who subscribes ®
® . toREALTOR a strict®Code of Ethics asmark a member of the NATIONAL ASSOCIATION REALTORS is a registered which identifies a professional in realOFestate who subscribes to a strict Code of Ethics as a member of the NATIONAL ASSOCIATION OF REALTORS®.
October 2005
October 2005
Salt Lake Realtor® July 2014
7
Happenings Realtors® Give $10,000 Grant to CDCU The Salt Lake Board of Realtors® in June presented a $10,000 check to the Community Development Corp. of Utah (CDCU). The money was made possible by the Utah Association of Realtors® Housing Opportunity Fund (UARHOF). The grants are available to 501(c)3 organizations that support the development of Pictured: Curtis Bullock (left), CEO of the Salt Lake homeownership Board of Realtors®; Darin Brush, Executive Director affordable of CDCU; Laura Fidler, Realtor® Coldwell Banker opportunities for low-income Residential; and Angie Nelden, President of the Salt individuals and families. CDCU Lake Board of Realtors®. counsels low- and moderateincome households to achieve homeownership. The UARHOF fund is generated when brokers convert existing real estate trust accounts to interest-bearing accounts. The bank sweeps interest from earnest money deposits which in turn is deposited into the main UARHOF account. UARHOF also receives money from the purchase of Realtor® license plates. Local boards approve applications to qualifying community housing organizations.
Elected Officials Gather at Realtor® Campus
Pictured: Mike Morgan (left) member of the board of directors for the Salt Lake Board of Realtors®, Murray City Mayor Ted Eyre, Salt Lake County Councilwoman Aimee Newton; Angie Nelden, President of the Salt Lake Board of Realtors®; Curtis Bullock, CEO of the Salt Lake Board of Realtors®; Craig Call, land use attorney; Draper City Councilman Bill Rappleye; and Justin Allen, director of government affairs for the Salt Lake Board of Realtors®.
Elected officials from across the Salt Lake Valley gathered in June for the annual Elected Officials Luncheon. Dave Anderton, director of communications for the Salt Lake Board of Realtors®, presented an overview of the Wasatch Front housing market, noting that home sales in the first half of 2014 were on the decline even as home prices continued to show modest increases. Craig M. Call, an attorney with Anderson Call & Wilkinson and executive director of the Utah Land Use Institute, talked about the “reasonableness” of impact fees and land-use regulations. Call noted that a “demand for money” by cities on developers can be considered a “taking,” citing a recent U.S. Supreme Court case.
U.S. Pending Home Sales Up Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, expects improving home sales in the second half of the year. “Sales should exceed an annual pace of five million homes in some of the upcoming months behind favorable mortgage rates, more inventory and improved job creation,” he said. “However, second-half sales growth won’t be enough to compensate for the sluggish first quarter and will likely fall below last year’s total.”
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Salt Lake Realtor® July 2014
In the News Move Inc. Websites Stable After Cyber Attack Move Inc. says its websites, including realtor.com and Top Producer, have been stable since June 28 after being hit by a cyber attack that disrupted them for several days last week. Move CEO Steve Berkowitz restated previous assurances by Move that there was no evidence that any sensitive information was compromised during the “distributed denial of service” (DDoS) cyberattack that hit several Move sites beginning on Tuesday, June 17. “This was a frustrating experience, but we have no reason to believe this attack jeopardized any consumer information, customer information, or website security,” Berkowitz in a statement. DDoS attackers overwhelm target sites with traffic, sometimes demanding money to turn off the attack. Move says it received a ransom demand, which it refused to pay, instead moving to migrate its system to a different network architecture. Move hired Prolexic, a division of Akamai Technologies that specializes in DDoS defense, to help defend against the attack. Move is not alone in fighting DDoS attacks, Berkowitz noted. Large DDoS attacks have become more prevalent across the Internet landscape recently. Other recent victims of DDoS attacks include Evernote, Twitter’s popular messaging app TweetDeck, RSS reader Feedly, video site Vimeo, project management platform Basecamp, and inbound marketing tech firm Moz. Move has been hit with DDoS attacks before and has defended itself, but this one was too big for its defenses, Berkowitz said. The firm has engaged Prolexic to help it beef up its security against any future DDoS attacks, he said. Move’s chief competitors Zillow and Trulia would not say whether they had similar protections against DDoS attacks in place.
Charity Gala Raises $34,000 for Two Causes
Now in its 29th year, the Charity Gala (formerly known as Shrimpfest) brought together more than 300 real estate professionals on June 27 and raised $34,000 for two important causes: The Road Home, a homeless shelter in downtown Salt Lake City, and The Christmas Box International, a network of safe homes for abused and neglected children. A check for $17,000 will be presented to each organization. Pictured, top, clockwise: Braundie Kump, co-chair of the 2014 Charity Gala. Troy Peterson, director of the Salt Lake Board of Realtors®, and David Young, Charity Gala Committee member. Sally Domichel and Angie Nelden (president). Other committee members included: Erika Rowell, left, (Integrated Title Services), Jessica Goodman (First American Title), Lynn long (Integrated Title Services), and Koleen Faddis (Mountain America Credit Union). Opposite page, top, clockwise: Steve Roberts of Veritas Funding enjoys a moment with RP Pok of Signature Real Estate. The evening’s entertainment included music by Echo Talent. The Charity Gala included dozens of silent and live auction items. Kim Farber, co-chair of the 2014 Charity Gala (left), Laura Harrison, director of events for the Salt Lake Board of Realtors®, and Braundie Kump, co-chair of the 2014 Charity Gala. Jim Lyman (left) and Tony Reece, masters of ceremonies, with Steve Allen of UtahRealEstate.com.
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Salt Lake Realtor® July 2014
Photos: Dave Anderton
29th annual Charity Gala Benefiting The Christmas Box International & The Road Home
Salt Lake Realtor速 July 2014
11
SPONSORS
A Special Thanks to Those Who Made the 2014 Charity Gala a Great Evening Master of Ceremonies and Auctioneers: Tony Reece, Prudential Utah Real Estate Jim Lyman, Guaranteed Rate Music: Echo Talent Photo Booth: OBEO Poster Printing: Foundations Real Estate Program Printing: Ryan’s Design & Print Mobile Phone Bidding: Qtego Auction Technology
Thank you to our Major Sponsors: Coldwell Banker Residential (Gold Sponsor) Veritas Funding (Gold Sponsor) Windermere Real Estate (Silver) RothLiving (Silver) Ferguson (Silver)
The 2014 Salt Lake Board of Realtors® Charity Gala Committee: Jessica A. Adams Steve Allen Shontelle White Corral Corry Sue Cutler Koleen Faddis Kim Farber (co-chair) Diane Gates Jessica Goodman Amanda Heller
Kimberly Hendry Jamie Hinckley Shirley Jacobson Jenn Kikel Lisa Kimmel Braundie Kump (co-chair) Lynn Long Jim Lyman Ashlii B. Madsen Thais Marques RaeJeanne McCutcheon Leesa Millham Rochelle Owens Curt Payne Tony Reece Constance Richan Al Richard Cassie Rickard Erika Rowell Jamie Sacks Christine Stephens Johnny Taylor Steven Vanderlaan Marita A. Viselli Michele C. Weaver David Young Quin Herrera Robb Leishman Pam Scwartz
2- C O L O R
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Salt Lake Realtor® July 2014
PEOPLE WHO HELP PEOPLE
IN AN EFFORT TO GIVE BACK TO THE LESS FORTUNATE, CITYWIDE HOME LOANS IS EXCITED TO PRESENT OUR NEWEST AFFILIATION, FOUNDATION ESCALERA. ESCALERA IS A CHARITY THAT RAISES FUNDS TO BUILD SCHOOLS IN REGIONS OF MEXICO WHERE FORMAL EDUCATION IS NOT PREVALENT.
We are currently building 13 schools this year in villages where illiteracy is the norm and running water is uncommon. All donations raised will be sent to a village in need, where Escalera employs local laborers to build classrooms. Before Foundation Escalera, children in the villages of Mexico did not have access to schools within four kilometers of their home. Students who did have access to these schools were oftentimes out of school for weeks at a time due to poorly built facilities. With Escalera’s presence in the area, over twelve thousand children have been given the opportunity to attend school in properly built and adequately staffed facilities. Our goal is to create a better future for children whose education is paramount to a higher quality of living.
WWW.CHL.CC 4001 SOUTH 700 EAST, SUITE 250 | SALT LAKE CITY, UTAH 84107 801.747.0200 PHONE | 801.747.2001 FAX
Corporate NMLS #67180
D.R. Horton will show this nearly $2 million home in this year’s Parade.
Salt Lake Parade of Homes Centers on New Possibilities and Ideas Realtor® Day at the Parade this year will offer three unique events, including ‘Chefs on Parade’ tour By Dave Anderton More than 22,000 people walked through the Salt Lake Parade of Homes last year, a record number of people since 2008, the year the Great Recession officially ended. This year organizers are betting 30,000 people will buy tickets and visit at least one of the 38 homes featured in this year’s Parade. If that number is reached, attendance will exceed the St. George Parade of Homes, which hosted 29,900 visitors earlier this year. “We found that the majority of Parade goers attend to gain new creative ideas,” said Ashley Williams, Parade of Homes coordinator. “Whether they are redesigning their own home or building a new home the Parade offers a source for creativity.” The Salt Lake Parade of Homes started in 1946 and is the nation’s first home parade, according to Jaren Davis, executive officer of the Salt Lake Home Builders Association. Davis said this year’s theme centers on “new possibilities and creative ideas.” The success of the Parade, according to Davis, centers on homeownership. “People love to dream. The American Dream is homeownership,” Davis said. “People get to go look at something that motivates them to do something. In addition, many people want to build
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Salt Lake Realtor® July 2014
and the Parade allows them to establish relationships with builders. People also go to the Parade to get ideas for remodeling.” The 2014 Parade, which runs from Aug. 1 – Aug. 16, will showcase homes featuring indoor tennis courts and hidden bonus rooms to double-master suites and solarpowered homes. Other homes will showcase xeriscape landscaping, 360-degree views, and a remodel of a 1920 home in Federal Heights. Garbett Homes is featuring three homes in three different locations: a $265,000 home at the Herriman
Ivory Homes – Monterey
WHEN WILL YOU?
Mention this AD and receive an extra $500 of commission until the end of August 2014.
Every 20 minutes* someone chooses to make a D.R. Horton Home theirs. WHEN WILL YOU? D.R. Horton America’s Builder for 12 years running. *Based on the 2013 closing reported in The Magazine of the National Association of Home Builders.
www.DRHorton.com
*Broker must accompany client on his/her first visit to the sales
office at any community listed above. Broker must mention this ad at time of registration. If broker’s client then executes a purchase agreement at the registered community during August 2014, broker will receive $500 in addition to the standard commission amount upon buyer’s close of escrow.
Ivory Homes – Bella Vista
Towne Center, a $530,000 home at Rose Crest in Herriman, and a $320,000 home in Daybreak. Each home is solar-powered. “We are different from most builders,” said Dan Mooy, branch broker of Garbett Homes. “We think the Parade gets people to notice us.” The solar panels on the homes are located on the roof and are designed to use the sun’s energy before grid power. If electricity demand in the home exceeds power produced from the panels the home automatically pulls power from the grid. Each Garbett home scores well on the Home Energy Rating System (HERS scale), a measurement of a home’s energy efficiency. The lower the score, the more efficient the home. Typically, Garbett homes score between 30 to 50, Mooy said. Most codebuilt homes carry a HERS rating of 100-110. Garbett has 5,000 residential units in the planning stages here in Utah. Half of those units are apartments. All of the units will be solar-powered. “What we’re trying to do is make green homes affordable,” Mooy said. “It used to be you had to pay a lot of money to get these features. Of course, this year’s Parade will include its share of high-end homes. D.R. Horton will show a nearly $2 million home in Draper with nearly 7,000 finished square
Alta Creek Homes
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Salt Lake Realtor® July 2014
feet. The home offers a crow’s nest with 360-degree views, climbing wall, in-ceiling sound system, theater room and full mother-in-law suite. Realtors® again will get a sneak peek at several Parade homes this year and have an opportunity to buy discounted Parade tickets. On Tuesday, July 29, the annual Realtor® Day at the Parade of Homes will feature three unique events: One, a Lakeside Brunch at Daybreak from 8:30 a.m. to noon and a tour of five innovative Parade homes. Later that same day from 5 p.m. to 9 p.m. the Herriman Towne Center will host free food and a chance to visit four Parade Homes. A third event, Chefs on Parade, will take place from 6:30 p.m. to 10 p.m. and treat Realtors® to four custom Parade homes around the Salt Lake Valley and a sampling of food at each home prepared by professional chefs (cost $50 per person). All three Realtor® Day events are available to members of the Salt Lake Board of Realtors®, but advanced registration is required at www.slrealtors.com. The first 400 registrants to the Herriman Towne Center event will receive one free Parade of Homes ticket ($15 value). Dave Anderton is the communications director of the Salt Lake Board of Realtors®.
Bangerter Homes of South Jordan
CD Construction
Emerald Kennington Homes
Builder Company Name
Category
City
Sq Ft
Alta Creek Homes
Parade
Cottonwood Heights
6,222
Bangerter Homes (1 of 2)
Parade
South Jordan
7,032
Bangerter Homes (2 of 2)
Parade
Herriman
Cadence Homes
Parade
Draper
Candlelight Homes (1 of 2)
Model
South Jordan
Candlelight Homes (2 of 2)
Parade
South Jordan
CD Construction
Parade
Salt Lake City
Custom Craft Homes
Parade
Riverton
David Weekley Homes
Model
South Jordan
DR Horton
Model
Bluffdale
3,314
Parade
Draper
5,931
Parade
Draper
6,919
Parade
Salt Lake City
4,208
3,515 4,800
Emerald Homes, D.R. Horton Luxury Home Division (1 of 2) Emerald Homes, D.R. Horton Luxury Home Division (2 of 2) Farside Construction Finsand Dev
Parade
South Jordan
5,050
Garbett Homes (1 or 3)
Parade
Herriman
2,811
Garbett Homes (2 or 3)
Parade
South Jordan
2,886
Garbett Homes (3 of 3)
Parade
Herriman
4,740
HardRock Homes
Parade
West Jordan
Garbett Ambermont Homes
HardRock Homes Salt Lake Realtor速 July 2014
17
Huish Homes
Builder Company Name
Category
City
Sq Ft
Holmes Homes (1 of 3)
Parade
South Jordan
4,052
Holmes Homes (2 of 3)
Model
Herriman
3,084
Holmes Homes (3 of 3)
Model
Riverton
3,234
Huish Construction
Parade
Herriman
5,279
Ivory Homes (1 of 4)
Parade
Riverton
3,958
Ivory Homes (2 of 4)
Parade
South Jordan
3,095
Ivory Homes (3 of 4)
Model
Draper
4,011
Ivory Homes (4 of 4)
Parade
Holladay
4,219
Lightyear Construction
Parade
Sandy
7,605
Rainey Homes
Parade
South Jordan
Richmond American
Model
Riverton
Salt Lake Community College
Parade
Herriman
Silverhawk Enterprises
Parade
Holladay
9,000
Steven Dailey Construction (1 of 2)
Parade
Draper
18,688
Steven Dailey Construction (2 of 2)
Parade
Draper
5,850
Tailor Built Homes
Parade
South Jordan
5,592
Tree Haven Homes
Parade
Bluffdale
8,488
West View Homes
Model
South Jordan
2,824/4,728
Wright Homes
Parade
Herriman
4,150
Steven Dailey Construction
18
Lightyear Construction
Salt Lake Realtor速 July 2014
Wright Homes
5,947
DO YOU WANT TO LEARN HOW TO SELL NEW HOMES? Enhance Your Certifications, Education and Networking Opportunities Register for a CSP “Certified New Homes Sales Professional” Course October 7, 8, 9 and 14, 15, 2014 8:30 – 1:00 9069 South 1300 West West Jordan, Utah
Images licensed by Ingram Image
Presented by the Utah Sales and Marketing Council (A Utah Home Builder Association Affiliate) The Council serves sales and marketing professionals in the Utah home building industry. The SMC is dedicated to furthering new home sales in the Utah market through education and the interchange of ideas. To register and to learn more about membership benefits contact:
Kristel Gough | 801-231-2201 | www.utahsmc.com
EVENT LOCATION: Daybreak’s North Beach 10400 S. 4700 W., South Jordan RSVP for the REALTOR Day Brunch to the Salt Lake Board slrealtors.com by July 24, 2014. QUESTIONS: Barbara Breen at Daybreak Phone: 801.204.2844 Email: Barbara.Breen@riotinto.com Or: Contact the SLBR at 801.542.8840
EQUAL HOUSING OPPORTUNITY
A N NUA L R E A LTOR ® DAY
Special Pricing
LAKESIDE BRUNCH
SL Board of REALTOR® ticket pricing (day of event only).
Join Us for Brunch and a Sneak Peek of Five Innovative Parade Homes in Daybreak
$8 each $7 10 or more tickets $6 50 or more tickets
TUESDAY, JULY 29, 2014 · 8:30-NOON
*
IVORY OFFERS YOUR CLIENTS UNMATCHED SERVICE, CHOICE AND QUALITY From townhomes to dream homes, Ivory has a range of beautiful home plans to accommodate any lifestyle in 65 choice communities throughout Utah. Ivory makes the home buying process easy with terrific values, a wide range of industry-leading services and a personalized building process. We are committed to doing everything possible to provide your client with a home they’ll love, plus you’ll receive half of your 3% commission up front*. * Receive half the commission upon payment of full pre-construction deposit, and then the remaining half paid on closing. Please accompany your client on their first visit to the Ivory model home or contact an Ivory sales consultant to register your client in advance. For California Collection homes, you will receive a 3% commission on quick move-in homes, and 2% on pre-sale homes. For Ivory townhome sales, you will receive a 2% commission. Commission rates subject to change at any time without notice. For updated commission information, please refer to each individual listing on the WFRMLS.
Photo: iStockphoto.com
Top Wasatch Front Home Builders Ivory, Edge and D.R. Horton place in top three By Dave Anderton Ivory Homes was the Wasatch Front’s top home builder during the first six months of 2014, according to a report by Construction Monitor, a company that tracks real estate construction. For the first half of 2014, Ivory built 280 single-family homes valued at $66.1 million. “We’ve maintained the top spot for 26 consecutive years,” said Dave Broadbent, chief operating officer for Ivory Homes. “We build terrific communities that people desire. We get the right land and we develop it in such a way that is desirable.” The Salt Lake-based builder said it worked hard to keep its subcontractors busy during the recession years. Now that home building has picked up, those same subcontractors are loyal to Ivory, helping the builder meet renewed demand for new home construction and deliver its homes on time. More than nine of 10 homes built by Ivory are on the Wasatch Front. However, Ivory also builds in St. George, Heber City and this fall is launching a
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Salt Lake Realtor® July 2014
250-unit development in Park City called Park City Heights, offering both multi-family and single-family living. The builder also is buying up infill lots in select Wasatch Front locations, offering more customized homes for high-end buyers. Rounding out the top five Wasatch Front home builders by value in the first half of 2014 was: Edge Homes ($50.2 million), D.R. Horton ($29.4 million), Westates Construction ($25.0 million), and Woodside Homes ($23.9 million). Owner-builders The Construction Monitor rankings are based on residential valuations, which include the costs of materials and labor but not the costs of land, architectural fees or landscaping. In the first half of 2014, total permits for singlefamily homes on the Wasatch Front dropped to 3,007, down 22 percent compared to 3,842 permits in the first six months of 2013. Dave Mineer Sr., founder of Construction Monitor, said the drop is partly due to higher home prices.
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Photo: Dave Anderton
Broadbent said Ivory has felt a little slowdown, but nothing significant. The biggest challenge, he said, is finding skilled workers, many of whom left the construction industry during the downturn. Of course, home building today is still well below where it was before the Great Recession. In the first six months of 2005, Ivory built 517 single-family homes, nearly 50 percent more than the first half of this year. The National Association of Realtors® recently said new home construction in 32 states, including Utah, is insufficient and could lead to persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation. “The disparity was the greatest in Florida, Utah, California, Montana and Indiana,” according to the report. Lawrence Yun, chief economist for NAR, said “homebuilders will have to produce amidst the current challenges facing the building market: limited access to credit for smaller builders, rising construction costs, and a general decline in affordability.” Jaren Davis, a Realtor® and executive officer of the Salt Lake Home Builders Association, said the drop in this year’s permits is due to several factors including hesitancy of where the economy is headed on the part of consumers, the tightening of mortgage financing, and the scarce supply of lots. The shortage of lots is driving prices higher, Davis said, pushing out first-time home buyers. Davis also believes first-time home buyers, especially the Millennial Generation, is reluctant to enter the market in the face of high student-loan debt. Dave Anderton is the director of communications for the Salt Lake Board of Realtors®.
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Salt Lake Realtor® July 2014
Single Family Builders Rank-Builder-Homes-Value 1. Ivory Homes 280 2. Edge Homes 200 3. D.R. Horton 129 4. Westates Const 173 5. Woodside Homes 104 6. Perry Homes 81 7. Henry Walker Homes 60 8. Candlelight Homes 71 9. Holmes Homes 75 10. Destination Homes 52 11. Vollkommen Const 104 12. McArthur Homes 66 13. Richmond American 44 14. Fieldstone Homes 56 15. Castle Creek Homes 46 16. Alpine Homes 33 17. Arive Homes 33 18. Apex Const 60 19. Garbett Const 55 20. Ovation Homes 37 21. Rainey Homes 23 22. Home Center Const 23 23. Crockett & Koehler 11 24. Weekley Homes 24 25. Brighton Homes 19 Source: Construction Monitor
$66,139,456 $50,232,225 $29,380,782 $24,953,977 $23,858,744 $18,585,095 $17,829,788 $16,292,329 $15,613,313 $14,527,090 $13,501,382 $13,028,467 $11,413,766 $11,200,990 $9,789,019 $8,131,617 $7,858,906 $7,777,661 $7,685,079 $7,386,020 $6,901,828 $6,879,999 $6,365,813 $5,837,000 $5,777,473
Image licensed by Ingram Image
Realtors® Want More Technology from Brokers and MLSs Nearly one in four Realtors® said they considered their MLS system an “exceptional” value for the price they paid By Inman News Realtors® are largely happy with the technology their brokers and multiple listing services provide, but they want more of it, according to an annual survey by the National Association of Realtors®. The survey, by NAR’s Center for Realtor® Technology, found that nearly one in four respondents (24 percent) said they considered their MLS system an “exceptional” value for the price they paid, and about half (48 percent) considered it a “reasonable” value. Ten percent said there was “not enough” value, and 4 percent said its value was “poor.” The rest were neutral. Nearly two-thirds of respondents, 62 percent, said they would like their MLS to expand the technology and services it offers. They suggested better mobile
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Salt Lake Realtor® July 2014
capabilities and apps; improved comparative market analysis (CMA) software; more ease of use; updated information; and training. Only 12 percent did not want more tech from their MLS. The MLS tools respondents cited most often as most valuable were: comps or CMAs; education; property history information; statistics; e-signature services Authentisign and DocuSign; auto-emails to clients or auto-prospecting; mapping; forms; and Realtors® Property Resource (RPR), among others. The survey includes results gathered from 1,280 respondents. It was fielded in January among sales agents, associate brokers, brokers, broker-owners and managers who were asked to consider their business experiences with technology in the last 12 months.
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The survey results stand in contrast to objections from The Realty Alliance, a network of some 60 large U.S. brokerages that has expressed frustration with MLSs that offer agents a myriad of tools that the network says compete with brokers’ own offerings. Nearly half of respondents to NAR’s survey (45 percent) indicated they wanted brokers to provide more technology as well. Just under a quarter (23 percent) said they did not want more tech from brokers. The rest (32 percent) had no opinion. They expected several tech offerings from their brokers, almost none of which overlapped with the items asked of MLSs: a good CRM (customer relationship management) database; a better computer; reliable and faster Internet; updates on technology trends; a more professional website; ease of use; cutting-edge technology; and more tech support and training. Among agent and broker-associate respondents, 28 percent rated their broker’s technology as an “exceptional” value, and 34 percent said it was a “reasonable” value. Fifteen percent were neutral, and 10 percent said it was either “not enough” or “poor.” Twelve percent said their broker provided no tech at all. The majority of agents and broker associates, 55 percent, paid their broker no monthly tech fee at all. Just under a fifth paid $40 or less per month. Broker respondents said they spent a median $1,410 on technology for their business in 2013, up from $1,122 in 2012. Agents spent a median $848
for business tech last year. More than half of Realtors®, 52 percent, have picked an iPhone as their smartphone of choice, up from 45 percent in 2012. Android smartphones have held fairly steady at 36 percent, while Blackberry use has slid to 3 percent. Only 4 percent of respondents said they did not use smartphones in their business. Realtors® said they spent a median 44 percent of their time corresponding with and doing work for their clients on mobile devices. Just over a quarter spent more than 70 percent of their time that way. Communicating with clients was the most frequently cited use of mobile devices (94 percent of Realtors® said they did this), followed by taking and posting photos (68 percent), reading news (62 percent), managing documents (41 percent), CRM (35 percent), taking and posting videos (27 percent) and creating listings (13 percent). Nearly 4 in 10 Realtors®, 37 percent, said they did not plan to buy any new tech gadgets this year, but among those who did, tablets were the most likely purchases. Nearly 3 in 10 respondents said they planned to purchase an iPad, Android, Surface or Kindle tablet. Fifteen percent planned to buy a new smartphone. Respondents’ top sources of real estate tech information were colleagues (51 percent), real estate news websites (44 percent), NAR (42 percent), friends (39 percent), brokers (38 percent) and real estate conferences (32 percent).
FREE EVENT! EVENT LOCATION: 5361 W. Meadowside Dr. (13200 South) Herriman UT, 84096
REALTOR DAY FIRST ANNUAL CHEFS ON PARADE ®
RSVP: For the REALTOR® DAY at slrealtors.com by July 24th, 2014
TUESDAY, JULY 29TH, 2014 5:00 - 9:00
QUESTIONS:
Join Us For Food and a Sneak Peek of 4 Parade Homes in the Herriman Towne Center Event
Brendon Tingey. Phone: 801-316-3255 Email: brendon@mdevg.com Or: contact the SLBR at 801-542-8840.
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An additional ticket to the Salt Lake Parade of Homes (August 1-16)
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28
VIP Tour Tickets: $50 per person
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“Nearly 4 in 10 Realtors®, 37 percent, said they did not plan to buy any new tech gadgets this year, but among those who did, tablets were the most likely purchases.” More than half of respondents said their Realtor® associations’ most important Web offerings were industry news, class registration, dues payment, business and sales tips, event registration and profile information maintenance. Local association websites were accessed the most, followed by state and national association sites. Just over 9 in 10 Realtors® said they used social media for business, and more than three-quarters of respondents said they were at least “somewhat comfortable” using social media. Among those who did not use social media, more than half said they preferred more personal contact. Facebook and LinkedIn were the most popular social networks among Realtors® with at least three-quarters of respondents participating in each. About a third of respondents indicated using Google Plus, YouTube and Twitter. Most respondents said they used social media to build relationships, to boost visibility and for free advertising. Only 20 percent cited a good return on investment. Respondents overwhelmingly cited referrals and repeat business as their most important sources of lead generation, followed distantly by community involvement and personal advertising.
The most popular site respondents used to display their listings was Realtor.com (79 percent), followed by Zillow (71 percent), Trulia (70 percent), their broker’s site (65 percent), their own site (57 percent) and IDX sites (56 percent). More than three-quarters said they pay for and do their own marketing of listings. When asked to pick the single best marketing software or website to generate new leads, 22 percent cited their company website, followed by their personal website (15 percent), “other” (14 percent), Realtor. com (13 percent), Facebook (10 percent), Zillow (9 percent) and Trulia (6 percent). Respondents were least likely to cite CRMs as their best source of new leads. When it comes to Web browsers, Internet Explorer is still the most popular, but it is on a clear decline. In 2012, half of Realtors® used IE; that’s down to 38 percent in 2013. Meanwhile, use of Google Chrome increased from 21 percent in 2012 to 32 percent in 2013. Firefox use rose from 13 percent in 2012 to 16 percent in 2013. Gmail was the most popular email service, used by 32 percent of Realtors®, up from 28 percent in 2012. Outlook was the second most popular service at 23 percent in this year’s survey. The vast majority of Realtors®, 82 percent, used Windows operating systems. Fourteen percent used Mac OS X, up from 11 percent in 2012. This article was reprinted in Salt Lake Realtor® Magazine with permission of Inman News. Copyright 2014. All rights reserved.
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Salt Lake Realtor® July 2014
29
2013-14 Cost vs. Value:
Photo: iStockphoto.com
Remodeling Pays Off Big Time Home improvement projects are giving home owners a greater return on their investment when it comes time to sell By Erica Christoffer As existing-home sales and home prices make remarkable strides upward nationwide, remodeling projects are also continuing to make a comeback in a big way. This is the second year in a row that all 35 projects in Remodeling magazine’s Cost vs. Value Report saw more home improvement dollars recouped upon resale of a home than the previous year. Existing-home sales reached 5.02 million in 2013, a 9.1 percent increase from 2012, according to the National Association of Realtors®. Home prices also rose in 2013: Existing homes commanded a median price of $197,100, up 11.5 percent from the 2012 median price of $176,800. This is the largest price gain since 2005. Also for 2013, the cost-value ratio of remodeling projects nationwide averaged 66.1 percent, up 5.5 points over the previous year — which is, like median price, the largest increase since 2005.
Remodels That Payoff
The fan favorite in the 16th annual Cost vs. Value Report, which was released this month, was again the steel door entryway. Topping the list last year as well, this project is ideal for clients considering a quick
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Salt Lake Realtor® July 2014
update to the curb appeal of a home. The survey shows that a new steel door, with an average cost of $1,162, will recoup 96.6 percent of the remodeling cost at resale. Making the biggest gain in percentage of recouped costs was the addition of a backup power generator. This project, averaging $11,742, jumped 28 percent in estimated resale value, recouping 67.5 percent of its cost in 2013. Usually at the bottom of the list, this project now ranks 25th out of the 35 projects. The increase is attributed in the report to 2013’s “unpredictable weather and multiple large storms.”
Regional Trends
The report also shows where remodeling dollars go the furthest. Topping the list for remodeling costs recouped upon resale were Honolulu and San Francisco, at 110.8 percent and 109.4 percent, respectively. San Jose, Calif., came in third, with just shy of 100 percent of remodeling costs recouped on average. San Diego came in fourth, with 89.8 percent of costs recouped at resale; and fifth was Bridgeport, Conn., bringing in 85.9 percent of remodel costs at resale.
E R C O A C S for RP with
E K A LT L
A S L EA
R
Must register and pay by Friday Aug. 29 at
slrealtors.com
Saturday, Sept. 6th 6p.m.-10p.m.
Rio Tinto Stadium $75 per person
buffet dinner, game ticket Or, $50 for game ticket, concessions
Opening reception 6 p.m. Buffet Dinner in the Club 6:30 p.m. -7:15 p.m. RSL vs. Dallas 8 p.m. Parking pass for purchases of four or more tickets Families welcome All proceeds go to RPAC!
Only members of the Salt Lake Board of REALTORS速 may contribute to RPAC. Note: Contribuuons are not deduccble for income tax purposes. Contribuuons to RPAC are voluntary and are used for poliical purposes. You may refuse to contribute without reprisal and the Naaonal Associaaon of REALTORS速 or any of its state associaaons or local boards will not favor or disfavor any member because of the amount contributed. 70% of each contribuuon is used by your state PAC to support state and local poliical candidates.
Also signifying distinct improvements over last year, seven of the country’s nine regions outperformed the nationwide cost-value average of 66.1 percent. Holding onto their positions as the top two regions for recouping remodeling costs were the Pacific (Alaska, California, Hawaii, Oregon, and Washington), with an 88 percent cost-value ratio, and West South Central (Arkansas, Louisiana, Oklahoma, and Texas), with a 76.4 percent cost-value ratio. The award for most improved region could go to New England (Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont), which moved from sixth to third this year with an overall cost-value ratio of 74.6 percent.
Top 10 Midrange Projects 1. Entry Door Replacement (steel) Job Cost: $1,162 Resale Value: $1,122 Cost Recouped: 96.6% 2. Deck Addition (wood) Job Cost: $9,539 Resale Value: $8,334 Cost Recouped: 87.4% 3. Attic Bedroom Job Cost: $49,438 Resale Value: $41,656 Cost Recouped: 84.3% 4. Garage Door Replacement Job Cost: $1,534 Resale Value: $1,283 Cost Recouped: 83.7% 5. Minor Kitchen Remodel Job Cost: $18,856 Resale Value: $15,585 Cost Recouped: 82.7% 6. Window Replacement (wood) Job Cost: $10,926 Resale Value: $8,662 Cost Recouped: 79.3% 7. Window Replacement (vinyl) Job Cost: $9,978 Resale Value: $7,857 Cost Recouped: 78.7% 8. Siding Replacement (vinyl) Job Cost: $11,475 Resale Value: $8,975 Cost Recouped: 78.2% 9. Basement Remodel Job Cost: $62,834 Resale Value: $48,777 Cost Recouped: 77.6%
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Salt Lake Realtor® July 2014
The two regions that held lower cost-value ratios than the national average were the Middle Atlantic (New Jersey, New York, and Pennsylvania) and West North Central (Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota), with cost-value ratios of 63.2 percent and 57.3 percent, respectively.
Top Projects
If your clients are considering a home improvement project to boost the quality and appeal of their home, pass on this list of top 10 midrange and upscale projects from the 2013-14 Cost vs. Value Report:
10. Deck Addition (composite) Job Cost: $15,437 Resale Value: $11,476 Cost Recouped: 74.3%
8. (tie) Bathroom Remodel Job Cost: $51,374 Resale Value: $32,660 Cost Recouped: 63.6%
Top 10 Upscale Projects
(tie) Major Kitchen Remodel Job Cost: $109,935 Resale Value: $69,973 Cost Recouped: 63.6%
1. Siding Replacement (fibercement) Job Cost: $13,378 Resale Value: $11,645 Cost Recouped: 87.0% 2. Garage Door Replacement Job Cost: $2,791 Resale Value: $2,315 Cost Recouped: 82.9% 3. Siding Replacement (foambacked vinyl) Job Cost: $14,236 Resale Value: $11,124 Cost Recouped: 78.1% 4. Window Replacement (vinyl) Job Cost: $13,385 Resale Value: $10,252 Cost Recouped: 76.6% 5. Window Replacement (wood) Job Cost: $16,798 Resale Value: $12,438 Cost Recouped: 74.0% 6. Grand Entrance (fiberglass) Job Cost: $7,305 Resale Value: $5,163 Cost Recouped: 70.7% 7. Deck Addition (composite) Job Cost: $35,158 Resale Value: $22,881 Cost Recouped: 65.1%
9. Roofing Replacement Job Cost: $34,495 Resale Value: $21,731 Cost Recouped: 63.0% 10. Bathroom Addition Job Cost: $72,538 Resale Value: $43,936 Cost Recouped: 60.6% The data used in the Cost vs. Value Report was collected with the help of Realtor® Magazine in an online survey between August and October 2013. More than 4,500 NAR members participated from 101 U.S. cities, up from 81 cities included in last year’s survey. Visit www.costvsvalue.com to find information from the 101 cities included in the survey and download free PDFs that include specific metro-area market data. (Site registration is required.) Also visit HouseLogic.com for a slide show of the report’s results.
Erica Christoffer is a senior editor with Realtor® Magazine. This article was reprinted from Realtor® Magazine Online, January 2014, with permission of the National Association of Realtors®. Copyright 2014. All rights reserved.
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Housing Watch Salt Lake Home Sales Fall 8% in May; Median Price Falls for the First Time in 26 Months Home sales (all housing types) in Salt Lake County fell 8 percent in May (year-over-year) to 1,437 units, down from 1,563 units sold in May 2013. Single-family home sales showed a bigger decline in May, falling 11 percent (year-over-year). “The median price of a single-family home in the Salt Lake area has increased nearly 30 percent in the past two years,” said Angie Domichel Nelden, president of the Salt Lake Board of Realtors®. “The price increases are forcing many first-time buyers out of the market.” The median price of homes and condominiums sold in May in Salt Lake County fell to $230,000, down 0.5 percent compared to a median price of $231,220 in May 2013. May’s price decline was the first monthly price decrease since March 2012 (year-over-year). However, single-family home prices increased in May to a median price of $255,500, up from $250,000 a year earlier. Nationally, the median existing-home price for all housing types in May was $213,400, which is 5.1 percent above May 2013, according to the National Association of Realtors®. “Rising inventory bodes well for slower price growth and greater affordability, but the amount of homes for sale is still modestly below a
6
Sales (All Housing Types) Year-Over-Year (Down 8%)
1,563 34
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Salt Lake County
Salt Lake Realtor® July 2014
1,437
balanced market,” said Lawrence Yun, NAR chief economist. “Therefore, new home construction is still needed to keep prices and housing supply healthy in the long run.” Existing-home sales in the West rose 0.9 percent to an annual rate of 1.09 million in May, and are 11.4 percent below a year ago. The median price in the West was $297,500, which is 8.4 percent above May 2013. Across the country, the percent share of firsttime buyers continued to underperform, representing less than one-third of all buyers at 27 percent in May, down from 29 percent in April; they were 29 percent in April 2013. Allcash sales comprised 32 percent of transactions in May, unchanged from last month and down from 33 percent in May 2013. Individual investors, who account for many cash sales, purchased 16 percent of homes in May, down from 18 percent in April; they were 18 percent in May 2013. Sixtyeight percent of investors paid cash in May. In Davis County, home sales in May fell to 446 units sold, down 8 percent compared to 484 units sold in May 2013. The median sales price increased to $219,900, up 9 percent compared to a median price of $202,500 a year ago.
Salt Lake County Median Price (All Housing Types) Year-Over-Year (Down 0.5%)
$231,220
$230,000
2 - C OLOR
1
Salt Lake County Days on Market (All Housing Types) Year-Over-Year (Up 56%)
25
2
16
5
Sales $ Davis County Median Price (All Housing Types) Year-Over-Year (Up 9%) $219,900
$202,500
Salt Lake County
Pending Sales (Down 8%)
1,508
1,638
4
Sales
Davis County Sales (All Housing Types) Year-Over-Year (Down 8%)
446
484
Salt Lake Realtor速 July 2014
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REALTOR® Connections Q&A: Kris Woodside Kris Woodside is the director of membership for the Salt Lake Board of Realtors®. She has worked at the Board since 2008. Q: How much are membership dues this year? A: Annual membership dues are $775 for Realtors® and include membership in the Salt Lake Board of Realtors®, Utah Association of Realtors®, and the National Association of Realtors®. For less than $100 per month, Realtors® enjoy a support network in building a successful business. What other business could you launch for less than $100 per month? Q: Where and when should I pay my dues? A: Dues can be paid online at www.slrealtors.com. The deadline to pay is Thursday, July 31.
Equity Real Estate welcomes the following new Realtors®: Chris Connelly, Timothy Lyons, Chrystal Parkinson, Jonathan Linnett, Travis Tuft, Vicki Renee Powell, Jeffrey Johnston, David Higgins, Alana Allak, Nicole Jones McMillan, Michael Ward, Amanda Bickmore, Bradford Holley, Luana Tupou, Corey Larsen, Breinne Breinholt, and John Schovaers.
Chris Jensen Helps Raise $60,000 in Skiing Fundraiser
Paul Benson of Summit Sotheby’s International Realty (SSIR) was recently recognized on The Wall Street Journal and REAL Trends Inc.’s The Thousand, a summary of the top one thousand independent real estate agents and teams in the United States. Benson was ranked 45 on the Top Sales Professionals by Volume list and No. 1 in Utah, with more than $136 million in sales volume.
Before launching his successful real estate career, Coldwell Banker Residential Brokerage President Chris Jensen was a world champion freestyle skier. Earlier this year Jensen took part in the first annual Cure Blindness Valdez charity fundraising event, held April 27 through May 3 in Valdez, Alaska. The excursion was hosted by Geoff Tabin, MD, co-founder of the Himalayan Cataract Project. The challenging event brought together business leaders, champion skiers, and philanthropists for a week of heli-skiing in order to raise money for construction of a permanent, primary eye care facility in Manang, a village in central Nepal that serves as central hub for several important routes. The 2014 event raised $60,000, primarily from donations from Jensen and the other skiers as well as Valdez Heli-Ski Guides. The group skied solid for six days on the incredibly steep and rugged mountain terrain before the spring conditions made it too dangerous to continue. Jensen said it was one of the most challenging ski treks he’s done, but also one of the most rewarding.
Celebrities joined forces on June 27 at a local Utah company in support of Habitat for Humanity Restores. Richard Grieco, who has appeared in over 65 film and TV productions is best known as “Dennis Booker” from the hit TV show 21 Jump Street, Mike Baird, star and host of Spike Television’s Flip Men filmed in Salt Lake City, and Barrie Livingstone, interior designer from E! Network’s A-listings hosted an evening at Galaxie Lighting to benefit the Habitat for Humanity Restore Project. The Restore Project is made up of nonprofit home improvement stores and donation centers that sell new and gently used furniture, home accessories, building materials, and appliances to the public at a fraction of the retail price.
Q: What benefits do I receive? A: The benefits of belonging to the Salt Lake Board of Realtors® include the Supra key lease, local marketing campaigns; arbitration and mediation opportunities, continuing education courses, government advocacy, legal forms and contracts, and access to a new and improved MLS site (utahrealestate.com) that is ranked No. 2 in the nation and features easier navigation displays and more detailed reports. In addition, each year thousands of Realtors® take advantage of a free legal hotline by the Utah Association of Realtors®. Most attorneys charge $200 an hour or more for legal advice. As a Realtor®, your annual dues help to pay for this valuable service.
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Salt Lake Realtor® July 2014
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www.slrealtors.com The benefits of belonging to the Salt Lake Board of Realtors速 include the Supra Key lease, legal forms and contracts, a free legal hotline, access to UtahRealEstate.com (the No. 2 ranked MLS in the nation), arbitration and mediation, & continuing education classes.
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