Wednesday, August 29, 2018

LABOR DAY LUXURY LISTINGS OF THE WEEK

Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country. We at Linda Secrist & Associates pay tribute to our amazing labor force here in the great state of Utah, who have made this state the most prosperous, up and coming economy and housing market in the country! We celebrate with 4 stunning luxury listings!

"GORGEOUS COTTONWOOD TRADITIONAL"

2417 E Royal Birch Cv

Cottonwood Heights, UT 84093

7,630 Sq Ft

Offered At: $1,790,000

Luxury Listings-Gorgeous custom traditional 2-story located in one of Cottonwood Height’s most luxurious gated communities. Impressive exposed wood beams throughout the main level, gourmet kitchen with premier appliances, vaulted ceilings, high end windows and beautiful teak and travertine flooring, Main floor luxurious master retreat with detailed moldings and a striking tray ceiling. Lower level oversized entertaining area with a custom kitchenette, theater room and fitness area. The backyard opens up to the community green space providing unobstructed mountain views. Oversized 4 car heated garage with a heated driveway to top it off! This home has it all!

"STUNNING MICHIGAN AVENUE BEAUTY"

1785 E Michigan S AVE,

Salt Lake City, Utah 84108

4,654 Sq Ft

Offered At $2,190,000

Luxury Listings- Stunning and totally renovated Michigan Ave 2 story in the prestigious Harvard/Yale neighborhood. This home was built for your fussiest buyer. Gourmet kitchen, premier appliances and custom cabinets, new roof an fascia, gorgeous flooring throughout, new paint, lighting, Pella windows, solid doors and an impressive master retreat and walk-in closet fit for a King. Huge open rooms with high ceilings letting in tons of natural light. New oversized detached garage and workshop area with a perfectly manicured yard and a sparkling custom infinity built in spa.

"EXQUISITE DRAPER 2-STORY"

14234 S Canyon Vine Cv

Draper, UT 84020

Offered At $1,890,000

Luxury Listings- You enter this stunning completely updated two story through the soothing sound of rushing water, lush plants and a massive door only to look completely through a fold out sliding door to the infinity pool behind. Impressive open floor plan with gorgeous hardwood flooring, gourmet kitchen with premier appliances and custom cabinetry, oversized farmhouse sink and brick accented walls with a large center island. Exposed wood beams cradle the soaring ceilings, floor to ceiling and a custom stone fireplace. A dreamy master retreat with a soaking tub and his/her vanities, tons of windows letting in the natural light with custom touches throughout. Walk out lower level with entertaining area, golf simulator, custom home theater and a second kitchen. Private fully landscaped backyard with lush mature trees, sparkling infinity pool, hot tub, outdoor firepit and BBQ area…perfect for outdoor entertaining. Beautiful new double heated driveway to top it off! This home is absolutely gorgeous!

"EXTRAORDINARY WALKER LANE ESTATE"

5472 S Walker Estates E CIR,

Holladay, Utah 84117

8,463 Sq Ft

Offered At $2,790,000

Luxury Listings- Fabulous luxury traditional three-story (all square footage is above ground) in the prestigious gated Walker Estates Circle – Southwick at Walker Lane. This magnificent custom build (By WATTS) all brick home has distinctive amenities including a main floor family room with 20ft ceilings, six imported chimney pots, imported tile, Italian and Brazilian marble, stunning moldings, hand-painted kitchen tiles, granite, beautiful cherry wood built-ins, hardwood floors and tall and solid wood doors. Main level rec room or family room could be renovated into a master retreat. Enjoy mountain views from Juliet balconies and 4 decks with extensive balustrades. This beauty is totally private on 1.25 acres with lush trees and with all the features and qualities that define the luxury homes of the Cottonwoods. Extraordinary!

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Linda Secrist’s Salt Lake City Real Estate Home Page • Salt Lake City Real Estate • Draper Real Estate • Holladay Real Estate • Sandy Real Estate • South Jordan Utah Real Estate • Salt Lake City’s Top Real Estate Agent

Linda Secrist & Associates is the top selling team in luxury homes in the SLC Market. They have received countless awards over the past 20 years, including “Sales Team of The Year” for over 10 years including 2017! Linda Secrist is #54 in the top 100 Agents in the World in luxury residential real estate. If you’re searching for homes in Sandy, Salt Lake, Cottonwood Heights, Millcreek, Draper, South Jordan, Bountiful, Centerville, Farmington or anywhere in northern Utah, Linda Secrist & Associates are the real estate agents to call. If you’re buying or selling a home, don’t hesitate to text or call us at 801-455-9999!

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Tuesday, August 28, 2018

Housing in 2020: Construction Costs Grow, Mortgage Rates Slow

Housing- Where will housing be in 2020? According to the latest Metrostudy predictions, if all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in.
While rates have increased in the last six months, impacting affordability, the rise is not significant according to historical trends, says Mark Bound, chief economist and senior vice president at Metrostudy, a provider of primary and secondary market information to the housing and residential construction industries. In the long term, Boud predicts mortgage interest rates will top out at 5.8 percent in 2020 and 2021, eventually being pulled down by slower economic growth—and because of tighter lending practices, the market environment will not become as dire as the last housing bubble.
As for inventory, it is significantly under-supplied, while homes are increasingly overvalued; however, the risk of a price collapse is small due to the tight market, and Boud expects the cycle of under-supply to plateau in 2020. The lack of new inventory is, in part, in response to trade increases, as many of the imposed tariffs—specifically the 20-plus percent tariff on lumber imports, and 10 and 25 percent tariffs on aluminum and steel imports, respectively—directly impact construction efforts.

Housing- These factors could lead to an increase in overall construction timelines, as well as an increase in construction costs by at least $2,000 per house, according to Boud. More homes in the upper price ranges are being built, while inventory under $400,000 is lower, in some cases. Overall, the national market is becoming top-heavy, which typically only occurs where land is more expensive, such as in California, Boud says.
Remodeling activity continues to rise in response to homeowners staying in their homes for longer, as well as the continuing trend toward purchasing existing homes, which triggers renovations. According to Boud, this is most common in coastal housing markets, or markets that have high appreciation rates, such as Texas.
Something to watch? Inflation. Boud says inflationary pressures are slowly building—inflation rose from 2.4 percent in March to 2.9 percent in August—but in a few years, the national debt could slow economic growth, which, in turn, could slow down rising interest rates.

Another concern? The current downward trend of the 2-10 Treasury yield spread, which could see negative figures in about a year, may be a sign that a recession is in the cards.
However, the current economy is healthy, Boud says. In the past 12 months, 2.4 million jobs have been generated, increasing demand for housing and pushing the unemployment rate down. Additionally, housing starts are fairly stable, forecasted to be 1.28 million in 2018, and increasing to 1.33 million in 2019 and 1.345 million in 2020, before plateauing.
Liz Dominguez is RISMedia’s associate content editor. Email her your real estate news ideas at ldominguez@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

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Wednesday, August 22, 2018

LUXURY OPEN HOUSE SATURDAY, AUGUST 25, 2018

LUXURY OPEN HOUSES SATURDAY, AUGUST 25, 2018

LUXURY OPEN HOUSE EVENT- Saturday, August 25, 12-3 PM! 2 Incredibly priced homes located in one of Salt Lake's prime locations! Great freeway access and just minutes to ski resorts, trails, entertainment, shopping, and restaurants; yet nestled next to Old Mill Golf Course & mountains!

Call Brett at 801-301-6435 For more info & a private showing if you can't make the Open House.

"Gorgeous Cottonwood Heights 2 Story"

Open Saturday, August 25, 2018

12-3 PM

6538 S Bouchelle Ln

Cottonwood Heights, UT 84121

4,861 Sq Ft

Offered At: $699,000

LUXURY OPEN HOUSE EVENT- Absolute perfection lives here in this lovely quality 2-story in Mill Hollow in Cottonwood Heights. You’ll find a fabulous open and spacious floor plan with vaulted ceilings, a large main floor family room/W fireplace, a gorgeous updated kitchen with new high-end appliances; granite counter-tops and hardwood floors throughout the main floor and stairway. A Master Suite with a desirable walk-in closet is calling your name. The walk-out basement has recently been completely finished and entertaining will be a joy on the wonderfully constructed newer deck. This home is located on a beautiful flat street with loads of curb appeal, great city views and a superb private yard. COME SEE! YOU’LL LOVE IT!

"Marvelous Mill Hollow 2-Story"

Open Saturday, August 25, 2018

12-3 PM

6526 S Bouchelle Ln (2640 E)

Salt Lake City, UT 84121

4,750 Sq Ft

Offered At $679,000

LUXURY OPEN HOUSE EVENT- 2-Story with tons of windows allowing the natural light to fill the main level vaulted living and great rooms. Wonderful open floor plan with a spacious master suite that opens to an upper deck to enjoy the incredible sunsets. Large walk-out lower level family room with beautiful french doors is a perfect place for your game/movie room. Landscaping takes little care with artificial turf in the front yard, a stone path and mature shade trees. Entertaining deck off the family room with a retractable awning for shade while dining al fresco. This home has been very well-cared for and used as a second home. Great home at a great price!

The Villas @ Dimple Dell

"Sandy's Newest Luxury Home Development"

OPEN Saturday

12-3 PM

Located At: 10688 S Dielsdorf Rd (1640 East)

Sandy, UT 84092

(Just Below Pepperwood)

"Main Floor Living At It's Best"

10688 S Dielsdorf Rd (1640 East)

Sandy, UT 84

3,285 Sq Ft

• Customized Rambler with Spacious
Open Floor Plan
• Luxurious Upgraded Finishes Throughout
• Stunning Kitchen
• 4,500 Square Feet
• 4 Bedrooms
• 4 Bathrooms
• 3.5 Car Oversized Garage
• Near Hiking/Biking Trails
• Additional Spec Homes near Completion

Linda Secrist & Associates Presents- The much anticipated main floor living model is finally here and ready to view. This is such a fabulous main floor living floor plan for those looking to downsize, a second home, ski home, or just want an executive style home with so many upgrades included in price! Chefs kitchen includes 6 cm granite block island, stainless steel appliances, upgraded cabinetry, all open to the stunning great room with beautiful gas fireplace and dining area, plus large walk in pantry, convenient laundry room on main and over-sized master suite with large walk-in closet plus a 2nd full bathroom on main could allow for the office to become a 2nd main floor bedroom. There is just too much to mention about all the features in these lovely homes. There are other floor plans available and almost completed. Call for your private showing or come visit us at an open house. These won’t last long! *All info subject to change and verification.

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Thursday, August 16, 2018

'Back-To-School' Luxury Home Special Sales Event

Can you believe it's 'Back-To-School' time already! Where did the summer go? If you're stressing about class schedules and pickup lines and lunchbox packing, then it must be back-to-school season. For parents, teachers, and students alike, it's a super-stressful time of the year that always feels a little chaotic. If you need a breather, take a look at these 4 gorgeous luxury homes for sale in the Salt Lake Valley especially priced for the back-to-school season!

'LUXURIOUS DRAPER ESTATE FOR SALE'

928 E Rosefield Ln

Draper, UT 84020

10,899 Sq Ft

Back-To-School Special Price $2,180,000 (reduced $110,000)

Located in one of Draper’s most prestigious neighborhoods, this spectacular custom designed and built home has an extraordinary presence. As you enter the beautiful rod iron and glass front doors to the 2- story grand foyer, your eyes are drawn to the soaring ceilings, spiral staircase, and custom wood pillars and finishes at every turn. You’ll fall in love with the open, light, and flowing floor plan, the large double story great room, massive stone fireplace, and floor to ceiling custom windows with breathtaking views. The interior offers the perfect balance of modern elegance, functionality, and tranquility with a luxurious main floor master retreat, elegant dining room, arched doorways and hand-scraped distressed hardwood flooring. This exquisite custom home is suitable for all occasions; from entertaining family and friends in the deluxe main level gourmet kitchen with high-end appliances, to a private and relaxing poolside dining experience in the outdoor living lanai with a stone fireplace and culinary center. Lower level walkout includes second kitchen, fitness room and indoor basketball court. Just wait until you see the 6 garage that is sure to fit all of your toys. This home has it all!