Overall, Salt Lake City, UT is 46% cheaper than Los Angeles, CA
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Salt Lake City, UT
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$520,000 Salt Lake City, UT
46% less
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$3,484Salt Lake City, UT
71% less
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$12,250 Los Angeles, CA
Salt Lake City, UT Webinar
Everything you need to know about Salt Lake City, UT real estate
Webinar originally recorded for LeavingTheBayArea.com
FULL TEXT TRANSCRIPTION:
- Okay, we are live. Welcome everybody. Thanks for joinin' us at another addition of the Market Insider Series, where every episode, we travel the country. We talk to some great brokers, like we are today, visiting some different areas where we see Californians moving to. Some of the more popular areas people are relocating to. Today is no exception. We are going East, but not too far. We're headin' to Salt Lake City. I'm with Daryn Edmunds of High Road Properties in Salt Lake City. Daryn, welcome.
- Thank you, Scott, and thanks for havin' me on your program. It's great to get to chat with you about these great places that people might be movin' to.
- Absolutely. Man, I'm excited about this opportunity today. We're gonna be covering a lot of information, and just if you're watching this, to kinda know what to expect, we've got a lot of information to cover in about 45 minutes. So we're really gonna go high level. We're gonna cover a lot of different topics, including housing, costs of living, industry, business, taxes, all kinds of stuff. Daryn, I'm just gonna drill ya, and we're gonna make it fun. How's that sound?
- That sounds perfect. I'm ready. Hit me.
- Okay, awesome. So Daryn, give me a little bit of background. Like you've told me before, you're a transplant to Salt Lake City. How long have you been in Salt Lake City, and what brought you to the area?
- Yeah, that's right. So I am a transplant. I am from Upstate New York originally. I came out here to Salt Lake just before the Olympics, about two weeks before the Olympics actually, so in 2002. So I'm--
- Okay.
- 17 1/2 years I've been here. I came to be a ski bum for a year or two, and it turned into the place that I've spent most of my life at this point. Opened up a real estate practice. Well, I started practicing real estate 10 years ago,
- Yep.
- and then opened up our team about five years ago, and been slowly growing, and now we're a team of 10 people. We're officed in Cottonwood Heights, which is one of my favorite suburbs or Salt Lake City, and we'll go over
- Yeah.
- that a little bit later. So one of the things our team focuses on, which makes us a perfect match for what Scott's doing here, is since almost everyone, nine out of 10 people on our team are transplants, we really understand what people are goin' through when they're movin'
- Yeah.
- to a new place. We have learned Utah, so we can save you a lot of time there. We really pride ourselves on gettin' our clients plugged in. Most of our clients that are movin' in from out of state end up bein' our friends, and we introduce them to our other friends, and it really helps smooth out the moving process.
- Makes it an easier process of getting acclimated, you know, that sorta thing. And I thing that's important, Daryn, you mentioned that, because a lot of people, you know, there's a certain style that I think real estate agents should have if they're workin' with people that are moving to an area, you know, brand new,
- I agree.
- and since you guys have done it, you understand what the questions are. You understand how to best address those needs, so, you know, I think that's awesome. So have you seen, you know, obviously you've been doin' this, in the business for a while, have you seen a lot more people moving in to the area, maybe in the last year or two, than you have before?
- You know what, Scott? We have actually seen, and I don't know if I messed up my screen share here. I apologize--
- No, you're fine. We're good.
- Little thing that was messin' with me, so I lost you. But we have seen a huge increase in folks movin' to Salt Lake, and maybe that's just because we've been tryin' to market ourselves more as the go-to team for people relocating.
- Yep.
- But what we've seen is an increase in jobs overall in Utah, tech jobs specifically, so it may make things more attractive to folks coming from the Bay Area. Say you're in tech,
- Yeah.
- and you wanna work in tech, well, we have a pretty booming, growing tech business here in Salt Lake. There's a couple different places where that's more focused, more centered in the downtown area in Salt Lake, and then as well in a place called Lehi, which is halfway between Salt Lake and Provo. Right in the middle is Lehi. They've created a new marketing campaign for that area called the Silicon Slopes. So people flipping houses, coming to Silicon Slopes.
- The Silicon Slopes. I like it.
- But Adobe has recently moved their headquarters here. That's probably been about three years. Oracle has big offices here. Facebook, Amazon, Google, all the big players
- Yeah.
- Are startin' to openin' up some stuff here.
- Where are you seeing are more of the areas that you're seein' people move in from? Is it kind of coming from maybe California, or the Pacific Northwest, or where are people coming in from?
- We have had a number of folks come from California. That's probably the largest number of folks that have come to town. Bay area, certainly. Souther California as well. People are just tired of the traffic in Southern California. We also see people from Seattle, but less, and then we've had a number of folks from Texas moving in, again, for jobs, and maybe
- Yep.
- they want a little more recreation options. We've had a few people this year from Houston that just wanted to get away from the humidity.
- Yeah.
- You really can't blame them wantin' to get away from the humidity, I think. I don't really love humidity, so I can feel what they're sayin'. And we also have transplants from the East Coast. A good number of folks on our team are from the East Coast originally, so we do connect really well with the folks from the East Coast as well, and once we tell 'em, hey, are you comin' because you love the outdoors? Yes. Oh, perfect, so do we. Do you want me to tell you where all the best bike trails are, and all the best--
- Yeah, yeah, exactly, yeah.
- And you want someone to ski with, and we'll get you all linked up, that really seems to help, so. But I would say, probably, our team, probably 40% of our business last year was folks moving into to Utah from outside of the cities.
- And are you seein' most of those people comin' in for new jobs, or is also a percentage of those people that are coming in retirement reasons? Maybe they're following their kids or their grandkids, or they just wanna retire in the area.
- We have had folks retiring coming in, but the majority have been probably people from their late 20s to their early 50s that are relocating for a career move,
- Yep.
- But not always, it's not always a big promotion. A lot of times, the folks are saying, hey, you know, I'm a programmer. I make great money in San Fran. You know, I live in San Fran, or. Yeah.
- For example, two of our recent clients that just came, they are accountants. They were living in Sunnyvale, and they were sayin' the rent is crazy here. They were able to get job transfers. They're still accountants. They actually took a 20% pay cut to move here, but they also got a 60% cut in their cost of living. So effectively, like a raise,
- Yeah, yeah.
- and they really like the outdoor scene here. So it's usually a bit of a lifestyle thing. It's not a big, I'm gonna make more money in Salt Lake. It's my lifestyle's gonna go up, because the cost of living is so much lower, less traffic, lower bills, lower taxes,
- Yeah.
- and a lot more to do that really close. You know, to get, as you know, to get to Tahoe for fun on the weekends, if you wanna get up there, oh man, when it's weekend traffic, it can be pretty rough from San Fran, but from here in Cottonwood, you can be at Snowbird, my favorite ski resort, in 15 minutes with no traffic.
- Yeah.
- Pretty amazing.
- So, a lot of people, like you mentioned, are just lookin' to kind of improve their quality of life, and that's why we see a lot of people looking at the option, whether it's Salt Lake City or a different city, as, you know, we can have an improved quality of life, lower cost of living, just, you know, kind of looking at our options elsewhere.
- Yeah.
- But let's go a little bit deeper into that,
- Okay.
- Daryn, because I know that you have pulled off some properties, and you can show us around some of the areas. Because, really the biggest thing is, what can I get in Salt Lake City, you know, for a certain price? So give us kind of this little, you know, virtual tour. If you wanna open up your screenshot,
- Yeah, absolutely. and can give us kind of an idea of what type of properties you can get at certain prices.
- So I've got this Google Maps here set up. I'm gonna slide this down to the bottom here. Close these out, and get this thing maxed out. So where you see here, for anybody watchin', checkin' things out if you're not familiar with the Salt Lake City area. I may even go one shot bigger. The Salt Lake Valley is located right here. This is Salt Lake City. The downtown area's in the Northern part of the Salt Lake Valley. Provo is gonna be down here. That's where BYU is if you're familiar with their football team,
- Yep.
- or their .
- Yep.
- And then I mentioned Lehi is this area right in between where a lot of the jobs are. Now, since I'm an outdoor lover, you can see my blue dot right here. I'm right here in Cottonwood Heights, 'cause all the great skiing is here in Big Cottonwood,
- Got it.
- and Little Cottonwood. But let's talk about where people often move to when they come to town.
- Excellent.
- One of the places that's really popular, because the downtown of Salt Lake has come alive a lot in the last 10 years. I've seen huge changes, even in the last five years. Lots more bars and restaurants. So folks that wanna be closer to the action, if you can see my cursor here, tend to end up down in this Liberty Park area, so I'm zoomin' in a little bit. Liberty Park is probably the most popular park in the city for people that run. You have a farmer's market there on the weekend. It's a really cool area. Kind of Bohemian, kinda small Bungalow homes, and we'll take a look at those in just a second. Really great running track. People take their dogs there. Huge fireworks on the 4th of July, and the Utah holiday, the 24th of July. So let's take a look kind of at what you can get down there. First couple homes that are gonna pop up are examples from Liberty Park area. Blair Street, one of my favorites. Now, this is located right near Liberty Park. We're only a block off the park, and we'll try to blow this up. Most of the homes in the Liberty Park area are gonna be your little brick Bungalows. Usually they have a low ceiling in the basement, so you'll wanna watch out for, some of that square footage you see in the basement may not be usable. They're always cute. They usually have this little front porch great for sitting. This is a very bikable neighborhood, a very walkable neighborhood, flat. Only about a mile to downtown Salt Lake, so you get your towny bike that you don't care too much if someone steals it. You don't wanna take your really expensive mountian bike. You go cruisin', you know, people cruise down to the bars. They go cruisin' around the park. This has been a recently remodeled home, so they've taken out some walls, and done some different things than what we normally see, but this is, I'm surprised actually that this home has been on the market 12 days. Our market moves very quickly, especially below 500,000, and especially in some of the neighborhoods--
- And what, Daryn, what's the price point on this one? Yeah, let's look back up. The price point on this home is 375,000, and to be honest with you, and it shows right here, days on market, 12. Our average days on market in Salt Lake right now are around 24,
- Yeah.
- but that's including all the dogs that aren't selling. I always like to say, average isn't good houses. The good houses that are priced properly are usually selling in five to 10 days.
- Wow, that's fast.
- Often, multiple offers on the first weekend. Now, there's been a little slow down on that, because economic news is a little funky these days, but we're lookin' at general supply and demand here in Salt Lake. Low supply, high demand. We're gonna see increased pricing even if the economy slows a little just based on those factors.
- Sure.
- You'll also see the taxes here on this property, about $1,600 a year. I'm sure in California you're probably seeing a lot higher tax rates than that. You kinda plan on your Liberty Park area homes' taxes being somewhere between 1,500 and $2,000 a year. You'll see this is, it's listed as a three bed, one bath. Knowing what I know, probably that basement bedroom is gonna be low ceilings. Maybe better for storage than actually a bedroom. Maybe for a kid it would be okay. So that may be why this one is hangin' around at 375. It's really a two bed, one bath, which will definitely sell at 375 as well with the remodel. We roll down here. The next one is also in the Liberty Park area. I click the Google Map here, will show ya a little bit further South from the park. The park is here.
- Okay.
- A little further South. 700 East is a main up and down street to get you from downtown to the freeway. So you can hop on the freeway here two minutes from this home, and you can be at the ski resorts, the mountain biking, rock climbing, hiking, camping, all that stuff, 20 to 30 minutes drive on the freeway. Pretty awesome. This home is a little different. I like it that's it's kinda gotta two story. They've done on this on some of the older homes in that neighborhood. They pop the roof up, and they end up building out some bedrooms in the upstairs, which is really kinda cool. The price tag on this home, see, look, actually, they didn't pop the roof. This had been done much earlier. They, I love this. I haven't actually seen these photos of this one. Remodeled the kitchen. Made it beautiful. This is a larger kitchen than you're normally gonna see in the area. And the price point on this one, I believe, was at four, where were we on this one? 455. Now, they had overpriced this one at 515-- I was gonna say, that's a pretty big reduction now.
- Yeah, it's been a pretty big reduction, and I would think, from what I'm seeing right now on the market, at 455 this property should sell fairly quickly. When did they make that price reduction? It looks like they changed that price, wow, we have had all kinds of weird things goin' on there. They had it lower, now it's higher. This property has some kinda funny story that I would have to find out about by speakin' with the other agent. But why I like it, is that it was close to the freeway. Really easy freeway access. You come out of your street, and take a right. It's two lights, and you're at the freeway. However, you're not gonna hear the freeway while you're at your house, which is really nice.
- Yeah.
- You can still easily walk to the park. And this home, havin' the bedrooms upstairs is pretty unique, because they're usually just a Bungalow here. That's why they have a larger kitchen in this home, because they have 1,000 square feet on the main floor with just one bedroom. Typically, we're gonna have around 1,000 square feet on the main floor, and that's gonna be your kitchen, and two or three bedrooms. So you have a little more space at this home, which is part of why I picked this one out.
- Now, is this, so most proprieties are gonna have a basement, is that fair to say?
- Yeah, yeah, and then that's somethin' that's unique, well, not unique to the country, but I know in California, not a lot of basements. A lot of our Californians coming out--
- No basements because of earth quakes.
- Yeah, we go down in the basements, especially in these, a lot of our folks say, wow, this is creepy. I don't like being in the basement. And we always have a laugh about it, and I say, you know what? Some of these basements, I don't like bein' in 'em either, 'cause I hit my head on things 'cause they're kinda low. But--
- Yeah.
- In Salt Lake, you got in pretty much neighborhood, Salt Lake, Park City area, Provo area, we're almost always gonna have a basement.
- Yeah, mm-kay.
- We, depending on the build, the year built, you know, you may have more utility down there, or less. But typically, you will see some bedrooms in the basement, and then you just wanna keep an eye out for large enough windows for egress. That's somethin' we run into.
- Yeah, yeah, exactly. Okay.
- And if there's a fire, you want everybody gettin' out.
- So that's Liberty Park area, this--
- This is Liberty Park.
- Okay.
- So if you were gonna swing to the next area, I'll jump back out onto the Google Maps. So we're here at Liberty Park, downtown Salt Lake is right here only a mile away. If we slide, it's not very far as a crow flies. A mile or two just here where it says, Sugar House. This has been the hottest area in Salt Lake for, God, the last five or six years at least. It's a little further from downtown, however, it's a little closer to the mountains, and you just, the homes are about 20 to 40 years newer. Most of the homes built in the Liberty Park area are from between 1900 and 1920. You get into Sugar House, and it's more 1925 to 1955, so what they end having is,
- Okay.
- A little larger footprint, a little more square footage. Down in Liberty Park, often you don't get a garage. In Sugar House, probably 70% of the time you do get a garage. The price point gets pushed up a little, and then there's another park, Sugar House Park right here, another great park. A lot of people spend a lot of time outside in Utah. Our weather is great. Probably eight to nine months a year we have really great outdoor weather, so the parks are a great place to be. If you don't have time to run to the mountains, you can jump into the park that's right in your neighborhood.
- For sure.
- So the Sugar House area is gonna have Westminster College, is this great little private university, and then University of Utah is just, oop, sorry, a little bit further North, just right up here. So it kinda has a university feel, but it's also a family neighborhood, and it's seen a lot of development, again, in restaurants, bars, pizza places. It's very, very walkable and super cool. So a couple examples in the Liberty Park area would be this home on Hollywood. Price tags in Liberty, sorry, I said Liberty, Sugar House Park area. You're gonna have a hard time finding anything in the Sugar House area for under 450 these days. If it's 450 or less, it's really gonna be a fixer-upper.
- Okay.
- So if that's what you're lookin' to do, there are some opportunities there, but we have a very strong flipper market here. So if you're lookin for a fixer-upper, you're gonna be competing with a lot of investors that have cash.
- Yeah.
- They'll grab it at 450, put 50 grand in it, and so they'll be into for 500, and they'll sell it at 600. There's a lot of folks doin' that. One of the reasons I like this property on Hollywood, and I'll just show ya on the map here real quick, it's just a little bit East of the park. Here's the main Sugar House Park. Really quiet neighborhoods, tree-lined streets, absolutely beautiful, and again, mostly Bungalows in Sugar House area. What I liked about this property was the big detached two-car garage.
- Yeah.
- I really like having off-street parking, personally. They're gonna still be fairly small inside. These aren't your big ranch ramblers that have wide open spaces. Often people will knock out walls in these to open them up. It looks like this has been a pretty freshly remodeled, well, they didn't redo the kitchen. So there's some space in this property to maybe do some remodel work. This is your typical older kitchen, a little bit smaller. So what they'll do, is take out the wall between the kitchen and the living room, kinda bring everything together, makes the place feel a lot bigger. Great condition here. This is one of your basement bedrooms we just talked about with the small egress windows now. Maybe the larger one here may be up to code. We do have, you know, these non-conforming bedrooms are pretty frequent in these neighborhoods, but this one seems to be in really good shape. It is a basement though, so--
- It's livable, right? I mean, it's livable space for a basement, for sure.
- Certainly livable, and typically, like I mentioned, the lower ceilings in Liberty in the basement. You know, they'll be six feet, and sometimes five and a half. In Sugar House usually they're gonna be seven feet, so I can at least, I'm 6'2", I can walk around without hittin' my head in the Sugar House area, which I always like. This little--
- Whether you're gonna be able to fit through that window's a whole different story there, right?
- I'm not gonna fit through that window, and that's the problem.
- I don't think anyone of us would.
- That is the problem.
- Yeah.
- They do, it looks like they have a nice little basement set up for a bathroom as well. This is a little odd that it's finished right into the utility room. I think I would've put a wall in, personally. The garage, I think the value of the garage is huge in this area. If you have, if you're here for the lifestyle, you're probably gonna have a lot of toys. You're gonna be pickin' out mountain bikes. You're gonna have all kinds of camping gear, and if you can't fit it all in the basement, you're gonna need a garage to put it in.
- Yeah.
- I like that it has a covered patio on the back. The summers here are quite warm, and when it's 100 degrees, it's, you know, it's that dry heat thing.
- Yeah, yeah.
- It truly is, if you're out playin' basketball, or your running, or your working in the sun in 100 degrees, the dry heat doesn't matter. It's gonna cook ya still. But if you're sittin' on this back porch readin' a book in the shade, and it's 100, you'll be fealin' just fine. So it's nice that they have that feature. And so, this is pretty indicative, I mean, aside from maybe some updates that other properties might have. This listed at 475, so in this area you're lookin' at maybe like 475 to 525 depending on the condition-- Yeah.
- Right?
- Yeah, that's true. I think you could figure in Sugar House you're gonna be 450 to 600 depending on square footage and the layout, 'cause some of the properties will be a Bungalow like this, but they'll be a larger Bungalow,
- Got it.
- larger basement.
- Okay.
- You have an example of that here. I picked this one out just 'cause of the cute factor. This one's on Sherman, one of my favorite streets in Salt Lake. In the Liberty area, I've sold five or six houses on Sherman Ave. I don't know why I just have good juju with Sherman. So this home, super cool. This is a really unique look. It's kind of a hybrid. It's a Tudor/brick Bungalow. I kinda figured people would really like the outside look. This is really great, because the interior, probably original hardwood floors that have been well cared for and refinished. They may have been redone somewhere along the way. So this is a front living room area. All the Bungalows are gonna kinda have that, and then you walk, these archways are super typical through the dining area and into the kitchen. Love the way the photos were done on this one. Not a massive kitchen. You're not gonna have six people in there cookin' at the same time, but this is pretty typical, again, for the area. And the price tag on this one, I believe, was 515,000. So you have a basement that's finished nicely here. Plenty of space.
- What was the beds and baths on that one? It's like--
- This is a four bed, and two bath. So you can see, two beds up, two beds down. Again, I think since it's in Sugar House, you're gonna have more head space there. It does have a two-car garage. I love Sherman. Now, it is important to remember, for folks that don't know Salt Lake, as you move East, let me jump on my Google Map real quick here, as you move East, we'll zoom out a little, the city is basically divided North and, or East and West by I-15. So there's the West side over here, and the East side over here. Our team focuses more on the East side, but we sell everywhere in the valley. As you go more East, prices tend to go higher. It's just, as you get
- Yeah.
- closer to the mountains, prices tend to go higher. I'm sure you can relate that to things in your market.
- Absolutely, you get closer to the coast, the same type of thing.
- It's more expensive.
- Right.
- So there's some pretty key lines. As you cross 700 East, this one here that I mentioned earlier, as you get East of that, prices jump. When you cross 1300 East, they jump again. When you cross about 2,000 East, they jump again. So somethin' to just keep in mind. This one being at 1256 East, you're just West of that 1300 number,
- Okay.
- so that keeps the prices slightly lower. If this house was one or two blocks further East, it probably would've sold for 550 on the first day, which is crazy, but that actually really matters to people.
- Got it.
- Let me grab one additional, which is also on Sherman. I was on the Sherman field. This is one block further East. I liked this one because it has an additional bedroom. It must've built up into the attic space, again, but overall square footage, 2,500. That's a really good amount of square footage.
- That's a big Bungalow.
- Yeah, that is. For this, usually,
- Wow, yeah.
- that would be very above average. Also has a detached garage. It's also in great shape. I'm a little, and it has more of an open floor plan throughout the living room and kitchen here. I love bar tops. Feel like they really bring everybody together.
- Yeah.
- You're gonna have your friends over. They're gonna be leanin' on the bar top talkin' to you while you're cookin--
- Everybody hangs out in the kitchen anyway, right? So, yeah.
- Everyone, everyone. So why not have the, oh, I love it. It's even raised up. All right, I'm gonna sell this house. You guys aren't gonna get this one, 'cause we're gonna sell this one before you get here, unless you hurry. And they also have the farmhouse style sink, which you gotta move this little bar here. Wanna get that, I wanna show you that. These farmhouse sinks are super popular. I love that the window's over the sink. I always like to look out the window while I'm doin' dishes. Hardwood floors, super typical. These are definitely original. Really nicely redone. The bathrooms are gonna be smaller, even with the bigger square footage. And then here's that bonus space upstairs.
- Yeah.
- That's really unique. I'm very surprised that this home hasn't had more attention right away. The basement looks like it has high ceilings as well. Really love that. And this, again, is Sherman, and this is just, let's take a look. This is the 1300 East, which runs north and south. It takes a little time to get use to how we do our streets here in Salt Lake, but I swear, I promise, once you're here for a week, it starts to make sense, and it's really great. You never have to ask directions anywhere. You just ask people what their coordinates are, and you just follow it in like playin' Battleship. This would be a terrific home, and they've had a price reduction on this one as well to 530. I see this house sellin' probably for near that 530 number, so this is a good example for what you can get for that kinda low fives
- Got it.
- in that neighborhood. So I know Scott wants me to jump to a couple other great neighborhoods, so I'm gonna jump--
- Yeah, let's maybe take one example from two other neighborhoods.
- Perfect.
- It was just an idea.
- So we'll jump down to our neighborhood here, Cottonwood Heights. And Scott shared with me that he use to live here when he was younger. Very, very young, yep.
- Wow. I've lived in Salt Lake, like I said, 17 1/2 years, and 16 of the 17 1/2 years have been in Cottonwood Heights.
- Yeah.
- I came for the skiing, that's where the skiing is. So I have a couple examples of Cottonwood right here, the Grand Oaks home. You know, I'm gonna go a little higher price tag, and I'm a little bias. I'm throwin' this one out there, because this is right around the corner from my house. It's in a little neighborhood called Top of the World. It's a sub-neighborhood within Cottonwood Heights. So Top of the World is anything, this is Wasatch Boulevard. It runs right along the mountains. Anything east of Wasatch Boulevard is called Top of the World Neighborhood. As you see, Top of the World Drive. I live right here on this little cul de sac on the end of the street.
- Great location.
- It's amazing if you wanna get to the mountains. Also, not a lot of traffic in Cottonwood. Easy to get on and off the freeway. You can still be downtown in 20, 25 minutes. The hospital, 20, 25 minutes, which is a major employer. University of Utah, 20, 25 minutes, depending on traffic. Park City is about 30 minutes away, and the ski resorts are 20 minutes away. This is a really unique home. It's got a whole lot of roof, as you can see in the photo. I should've had this listing, but I didn't. It's literally right around the corner from my house. Beautiful home. You get a lot more for your money when you come down to Cottonwood Heights, so let's take a quick look back out here. 4,000 square feet here. Now, it is 750 grand for this one, and I think they'll probably get somewhere near that on this home based on the size. You can find homes in Cottonwood just a little further to the West, not in he Top of the World neighborhood, in the 450 to 550 range. You can find a really terrific home. I just wanted to showcase this one because it's new to the market. It's only been on a week. I think it's a really unique place. Huge--
- And that's a pretty, that's a good school system, though there, also, right?
- It is. Salt Lake schools, overall, you have to take a look on GradeSchools.org to know one neighborhood to the next.
- Yeah.
- The schools in the Cottonwood Heights area are some of the most prestigious in the Salt Lake Valley. Brighton High School is the public high school right near where we are, and people fight over gettin' their kids in there, as well as the elementary school that's right near our house. Really popular. That's one of the
- Yeah.
- other draws for the area. I'd say, in Cottonwood, you'd wanna plan, the things you get in Cottonwood, guaranteed to get a two-car garage, and possibly a three-car garage, more square footage, bigger kitchen, a bigger backyard, if you've got dogs and kids that you want playin' out in the backyard. In Sugar House you'll have a yard. In Liberty you'll have a yard. But if you wanna have more like a quarter acre, you're gonna get a quarter acre to a third of an acre in Cottonwood Heights. Whereas you'll be more like .1 acre in the Liberty area, and maybe .15 to .2 in Sugar House.
- Right, and they get a newer home in Cottonwood Heights, right?
- You do, exactly, and a lot of Cottonwood Heights was built in the '50s, '60s, '70s. There are some newer constructions as well, but this home was built in 1970. I've owned two different homes in Cottonwood in the last 15 years. One was built in 1960. One was built in 1968. I actually really like the construction from the '60s. I feel like they did a really great job of materials then. They were built super strong. Some of the new construction in our area, I'm not the biggest fan of. I think it's, it's just not built the way they use to. They always say, they don't build 'em like they use to, and I put my money where my mouth is on that. I buy houses built in the '60s. I love 'em. So that's Cottonwood Heights, and I could probably talk about that for way too long. There's some great development goin' on right here, right outside the mouth of Big Cottonwood Canyon. They're building a new mixed use place. It's gonna have office, hotel, a couple new restaurants. If there's anything we're a little short on, is night life in Cottonwood. You could drive 15 minutes to Sugar House, and have all the night life you want. But we're a little short on night life, so they're gonna help with that. And there's a large, we call it the dirt factory. It's a big sand and gravel pit. That's being phased out over the next five years, so this big area right here is gonna be built up, and it's gonna be amazing five years from now. I think we're gonna get probably a new movie theater. We're gonna get a bunch of new restaurants. So I'm all in on Cottonwood Heights.
- Well, Daryn, let me ask you this, so we've looked at some properties in some of these different areas, and as we go East a little bit, you know, we're getting newer homes, but we're still kinda maybe around the '70s, '60s/'70s build. Is there much new construction, or are we kind of landlocked at this point, as far as like new construction communities, per say?
- To answer your question I had to zoom out a little, so East side of the city here, what we talked about, not very much space left for new construction on the East side of the city. A little bit down here, Sandy and Draper, a little further South from Cottonwood. Still terrific neighborhoods. They're building them very dense there. More towards more townhomes,
- Yeah, yeah.
- or single-family homes that are nearly touching each other, really dense. If you want new construction with a little space, that's gonna be out to the West, kind of in this Herriman, Riverton area. Daybreak is an area that has a lot of new construction where you can have some space, and a newer home. It's gonna add to your commute. You know, from Herriman, if you're gonna work in downtown Salt Lake, you're probably 35 minutes with no traffic. Realistically, during rush hour, it's probably 45 minutes.
- Okay.
- Cottonwood Heights during rush hour, probably 25 minutes. There's also a ton of new construction, we go further South, and this is outside of where we were plannin' on talkin' about. If you go west of Utah Lake, this is down closer to Lehi, where all the new tech is being built right here by the freeway. It's crazy. Every time I drive by there, there's a new building that wasn't there last week.
- Yeah?
- I never get built that fast. But out here on the West side of the lake, Eagle Mountain, Saratoga, loads of new construction out there, and at 400 to 500,000, you can get yourself probably a 4500 square foot brand new home on a quarter acre with a three-car garage. Probably an unfinished basement, but you guys all hate basements anyway, so we don't need to worry about--
- Yeah, people around here, I mean, if you're from California, born in California, basements get a little bit freaky, right, so?
- Yeah, but sometimes they end up doin' some walkouts that end up bein' really great if the homes on a little bit of a hill,
- Perfect.
- So you have a slide out the basement into the backyard, and that's really great. Works great for barbecues, for the kids and the dogs in and out. It really isn't--
- Yeah.
- Add that slider to keep the, kinda keep the outside stairs out of it. But to answer the question one more time, we're seein' some development down in the areas we talked about earlier. Solely townhouses. They're buyin' up lots that are, or-- Yeah, so that's more like kind of the end field development where it's just you're packin' as much in as you can to maximize the space. But for the new home construction, a little bit of land, that's gonna be South?
- You're gonna need to go South and West, yeah.
- Yeah. And there are some--
- Okay.
- Directly West, but you don't tend to get much space here. It's more the space is down here. And they do have a light rail system here in Salt Lake. It is nothing like Bart. It does not accommodate people the way Bart does. It's smaller, and it doesn't go to as many places, but you can basically figure, there's a backbone that runs up and down the center of the Valley,
- Yeah.
- and then there's a line that runs into Sugar House, and there's a line that runs to University, and then there's two lines that run out here to Herriman, Daybreak, and sorry, and West Jordan. So where we live here in Cottonwood, there's no way to really get on to the light rail. So it's not really, really, effective for certain neighborhoods on the East side. Some of the new construction out by Daybreak, you could jump on the train, and be downtown in 35 minutes, no traffic, killin'.
- Got it.
- That's pretty nice.
- Yeah, that was gonna be one of my questions, 'cause, you know, we do a lot of these webinars, and, you know, a lot of cities have planned for the growth, exposed the growth that they've had, and some haven't, so they're kinda playin' catch up. But if you guys have, you know, some light rail options in here, but really, you know, your maximum commute for most areas is gonna be 30 to 45 minutes,
- Right.
- you know, it's, you're still doin' fine.
- I'm just spoiled, because I'm use to everything bein' 15 minutes or less, and that's just I'm very spoiled. When folks talk about their hour and a half, two hour commutes, you know, I go, wow, that's harash. Realistically, if you're in the Salt Lake Valley, it's gonna be rare that you're gonna commute for more than 30 minutes,
- Yeah.
- but that's--
- So take us to the awesome spot. Are we gonna head over to the mountains right now, the next area?
- Yeah. We wanted to highlight one other area that I really like. I'm actually tryin' to buy a house there myself right now. The Park City area, so you come out of Salt Lake, Salt Lake.
- And that's probably what a lot of people have heard of, right? I mean, you know, if they've taken a vacation,
- Yeah.
- a ski trip, somethin' like that, I mean, that's what Salt Lake City's
- Yeah.
- known for is Park City.
- Park City is very close. It's kinda neat. It's like havin' Tahoe that's only 15 miles away.
- Yeah.
- You go about 15 miles up this canyon. This is up and over a pretty big highway, and down the other side, puts you into Park City right here. The largest ski resort in the nation here now. It goes all the way across these mountains. Top, actually, the mountain biking is even better than the skiing. The summer's amazing. And there's tons of fishing in the Park City area, world class fly fishing. Outdoor recreation's outta control. So that you have a number of places you can look at living in park City. The one I really like, especially if you're comin' for work, and you're gonna work in the Salt Lake area, is Jeremy Ranch, and you'll see Jeremy right here, and the other area is called Pinebrook, is just on the other side of the freeway. They're kinda one neighborhood really. I really like Jeremy. It's on the sunny side. If you're over here in Pinebrook in the winter, it's kinda cold, not a lot of sun, and the snow doesn't melt. If you're over here on the sunny side, the sun comes out, a lot of your snow will melt--
- Right, you're ready to go.
- It's really great. And if you beat the summer heat really well in Jeremy. Even on the hottest days, as soon as the sun goes down just a little bit, cools off 25 degrees. We love it. It's hoodie weather. Throw your hoodie on. So,
- Yeah.
- price tags are a little higher being closer to the ski resort community. Lookin' around in Jeremy, if you're lookin' for say a four or five bedroom home, they're a little larger homes, but the smallest house you're gonna find in Jeremy, I believe, in their HOA, CCNRs, you're not allowed to build a house smaller than 3600 square feet there. Typically, they're gonna be 4,000 to 5,500 square feet, and they're gonna price somewhere between 750,000 up to two. 2.5's kinda on the high end in Jeremy. So I did grab a couple examples here. This, let me show you exactly where this would be on the map. So in Jeremy, it's called the Jeremy Ranch 'cause it use to be a ranch owned by the Jeremy family. Now, this is the Jeremy Ranch Country Club, so a lot of people talk about the front nine, is right in this area of Jeremy. Let me zoo out just a little more. And the back nine is this area of Jeremy. The back nine tends to be more expensive. It's up on the hill, a little further from the freeway. There is a little bit of freeway noise in Jeremy, but they just built this new sound wall all along here which really reduces that.
- Okay.
- Lariat, I like. I sold a great home to a family moving from Boston on, oh, wait, jump back to here, on Lariat. You'd basically be their neighbor. I think their home is probably just about right here on Lariat. They loved it because they wanted the cooler air in the winter. And as you can see, it's a larger home. Let me jump back one more time. This home was built in 1993, so you're gonna see in Jeremy homes built from about 1980. They're still building some new homes in Jeremy, so 1980 till now.
- Yeah.
- Most of them built in the '90s and early 2000s. I like the layout here. I like this big stairwell. A little more grand than Park City. Overall, in Park City, yes, and in Jeremy, just more space, because in the '80s and '90s that's kinda they were designing things.
- They were buildin' bigger back then, and this looks like this about 5,000 square feet, six bedrooms, right?
- Let's see. That's right.
- That;'s what I'm readin' down to the bottom.
- Looks about 5,000 square feet, six bedrooms. This would be pretty typical for the area. This one's listed at 895 at this point. It has seen a price reduction from 950. I would be surprised if they didn't, they'll probably get somewhere between 850 and this 895. See who has it listed. Oh, don't know that person. Park City market is a little bit different up there. A few less players in the game. Now, the other thing you get at this home, if you look down here where my cursor is, you get over a half an acre of land,
- Yeah.
- which is pretty neat. In Jeremy, the rule is, no fences allowed, so you gotta--
- Oh, okay.
- You can put like one of those invisible dog fences down, or you just gotta train your dog not run away. That's a rule they made from the beginning. It really is nice, because there's a continuity between all the homes, and all the yards, and it just keeps
- Yeah.
- this open feel. I really, really like that about the area. Mostly two stories with a basement in the Jeremy area, so you're gonna have to deal with those wacky basements again comin' from California, but the basement space there is totally usable, full height ceilings. Most of the homes are gonna be finished. This one is. And you will often get a three-car garage up there for those toys we talked about earlier. A little higher price tag, but, you know, if you happen to be sellin' a place with Scott in the Bay area, and cashin' out a lot of equity if you've owned for a while, maybe steppin' up to Park City is where you wanna be. You might be able to grab a home that's a lot larger than what you're livin' in, and do it for a price that seems like a steal for ya compared to what you--
- Yeah, half the price, at least.
- Back home. Yeah, you know, I really love that area, and then I did grab one, a little bit larger home. This one was originally listed at 1.5, now they're about 1.4, and if we look on the map really quick, you'll see this is up on Daybreaker, which is on the back nine. This is the back nine of the golf course. I played there twice. Super cool golf course. A couple photos of this one. Very large. It's a two story. You see your three-car garage there, which is really nice. Again, more vaulted ceilings. A lot of space in these homes. I really like the openness here. If I'm gonna spend 1.3, 1.4 million to be in Jeremy, a house like this would feel really good to me. Well taken care of. They got the bar top. You know, maybe I should've bought this one, geez.
- It's not too late, right? It's still on the market.
- Yeah, it's not too late.
- Yeah.
- I like that they have this covered patio out here. Perfect for havin' a cocktail at the end of the day. Very little traffic up on the back nine in Jeremy, so really quiet. This is a beautiful master suite here. Hardwood floors, big windows lookin' out into the trees. You feel like you're closer to nature. Double vanity. Man, this is a really nice place.
- That's nice.
- All right, I'm gonna sell this one too before you guys get here. So here's something you will see in Jeremy, and in Cottonwood Heights for that matter, this is a little bit more dated bathroom, so maybe they haven't updated the hallway bathroom yet. It's maybe still '90s style. Again, a little bit older on the countertops here. Now, the shower's been redone. Now, here's your basement. So it's got a walkout like we talked about. This is gonna be-- Oh, got it. And they've got a nice bar down here. This is really typical, that people usually have the basement kind of an entertainment zone. You got your pool table, probably a big screen over here, and they got their bar, and you're gonna have a good time down in the basement. One thing I can tell ya, no matter where you move from, if you end up in Cottonwood Heights, or if you end up in Jeremy, and you have friends that like to ski, they're gonna be visiting you a lot, so you're gonna need an extra bedroom or two for your visitors. Like it or not, they're gonna be comin' over on the weekends, right?
- I've got a friend in from Washington right now, and my friend from Romania just flew here last night, because people wanna visit Salt Lake. So be ready for a lot of visitors. Plan for that.
- Awesome. Well, this has been great Daryn. I wanna make sure that we cover some of the, we've got a pretty good idea of some of those areas, but I wanna make sure we covered some of the other topics here.
- All right.
- So let's talk about taxes a little bit, 'cause California, you know, is known for havin' some of the higher taxes in the country. In fact, our state income tax is up to 12.3%. Do you know offhand what your, what the tax,
- On taxes?
- state tax rate is?
- Income tax here is 7.25%.
- Good, so you guys are at seven and a quarter?
- I'm sorry, let me start over. Sales tax is 7.25. Income tax--
- Sales tax?
- Sales tax.
- Got it. Right.
- Income tax is a flat 5% here in Utah, 5%.
- Okay.
- There is no city tax on top of that on income.
- Got it. Okay, so you guys are at 5%, and we're at about up to 12.3%, and then you said that your sales tax is seven and a quarter. We're about a percent higher than that, about 8.25%. Depending on where you're at it may go up a little bit. What's your property tax rate? You know what that percentage is off hand?
- Well, it ends up-- That really varies neighborhood to neighborhood. I think a good plan to have in your head would be, so for example, the home I live in is worth about 500,000, and the tax rate for me on that one, I'm paying $3,000 a year in taxes. So what is that, .7?
- Yeah, okay.
- And something like that.
- You're probably .7 to .8%, and here,
- Yeah.
- We're about one and a quarter. Some areas have special assessments where you're gonna see it a little bit higher,
- Okay.
- you know, so those numbers might be a little bit different, but obviously, it's less.
- Yes.
- What are you payin' for a gallon of gas right now? Do I even wanna ask?
- I just, I bought some gas last night. Right now, gas is about three and a half dollars for your standard gas, 3.50.
- Okay.
- It just spiked a little, honest. We were right around three bucks for most of the last year, so I'm not really sure why it spiked so much. I know, that's probably
- Yeah.
- a dollar less than what you're payin' in some parts of California. You guys are about four and a half.
- Yeah, we're at, I mean, we're a little bit cheaper, I think. I filled up a couple days ago for just over $4, but, you know,
- Oh, okay.
- You can go into San Francisco, and you might be at four and a half.
- Okay.
- We have another planned tax increase, a state increase coming up 2020, so we're sure to be probably up to that four and a half again.
- Typically, what I see is about, and my father lives in California, so I know a little bit. Typically, I see about $1, $1.25 difference, you know, cheaper online.
- Okay.
- But right now, that's some reason, that's skewed a little, and I'm not sure why.
- Yeah. So let's talk a little bit about, you mentioned some of the companies that are movin' into that South area. In fact, I just pulled somethin' up earlier today. Utah lead the nation for job creation over the past 12 months. Grew by 3.6% in the period ending July, adding 54,000 jobs. And the other piece was, Utah also had the nations 5th lowest unemployment rate in July at 2.8%, compared to the national rate of 3.7%. Obviously, you're seeing that. You're seeing a lot of growth. You're seeing a lot of new jobs. You're seeing a lot of construction, development, everything to support that. Who are some, what are some of the major growing industries, and some of the major corporate players that are moving in, and bringing in a lot of these new job opportunities?
- Okay, so we mentioned tech a bit. Like I said, Amazon's opening a new data center here.
- Right.
- Adobe moved their headquarters here a couple years ago, and I actually drove by there the other day. They're like doubling the size of the building. It's nuts. So they're probably gonna hire another 1500 people. We actually have a large Goldman Sachs building downtown. They own, they rent half of one of our skyscrapers. We're the second largest Goldman office in the United States this year in Salt Lake. So there's a--
- Okay.
- A financial industry here. Gosh, outdoor industry, you know, not as big dollars on the paycheck, but Black Diamond is headquartered here. BackCountry.com, which is a blend of outdoor and tech. The ski resort business. Hospitality is very big here as well. Marriott has a very big presence here. I'm tryin' to think of some other folks. Well, the university is probably one of the biggest employers, and then there's--
- Oh, sure, yeah. Well, both of 'em, right?
- Both of them.
- Yeah.
- And near the University of Utah is an area called Research Park, that's just East of downtown, right near the university. My girlfriend worked there for years. Big biotech stuff goin' on there. ARUP Laboratory, I think they employ about five to 6,000 people. They do genetic testing. Myriad also does genetic testing. BioFire also does genetic testing. So we have a really big biotech scene here. It's pretty wide ranging, really.
- Yeah.
- And--
- I mean, there's a good diversification of industry, right?
- There is.
- Employers, which is great. That's what you want in any city, is a good diversification, so, you know, if you see a downturn in any one industry it doesn't have as much of an impact on the local economy.
- Yeah, and I don't wanna just say it's all these office type jobs. We do see a lot of folks movin' here that are workin' from home for the lifestyle. You know, if you are a programmer type person, a coder working from home, this is a great place to work from home. You can run out into the mountains, and play for an hour, and run back home. We have a lot of those folks. And then to be honest, as a tradesman, if you're lookin' at relocating as well, an electrician, a plumber, a drywaller, a roofer, we have so much demand right now for trades people. We're rebuilding our airport as well. We haven't gotten to that yet. But so many of our contractors are out at the airport right now working on the airport. They're quadrupling the size of airport, and they're doin' it in two years.
- Wow.
- It's gonna be done next summer.
- Aggressive.
- I've never seen anywhere in my life where they build things faster than here. It would've took 50 years in New York where I grew up, and they're doin' it in two years here. So there's a lot of opportunity here no matter what your skillset is, to be honest, and we do see a lot of folks movin' even just for resort jobs, hospitality jobs,
- Yeah.
- and then they find their way into other businesses later. I mean, I started as a server up at the ski resorts,
- Yeah.
- and I found my way into this business, so.
- Well, and those support positions, I mean, kinda what we talk about, like the high level corporate, you know, high paying jobs, but then you're also looking at, who's supporting that?
- Yeah.
- Like you said, food service, and all those different types of employees that have to support all of that growth. I mean, it's great for everybody.
- I mean, my plumber's chargin' me $100 an hour right now, so everybody's makin' money.
- Whoa! You've thought about tradin' in the license, huh?
- Yeah, you know some day--
- That pays pretty good.
- He tells me it's not all rainbows and unicorns in the plumbing biz, but--
- Yeah.
- You know, honestly, I would discourage anybody for considering this place as a move. There's just so much opportunity right now. I'm glad I got here when I did. I'm glad I got a little ahead of it. But we were number three in the nation last year in appreciation as well. Roughly 10%, depending on what neighborhood you're in. You know, we're forecasting that to not be as steep on the curve in the future, but Utah's forecast to, you know, single digit, mid single digit appreciation for the next five years, is what's in the forecast.
- Tell us a little bit, we talked about, I know you're in to, you know, skiing, and mountain biking, and hiking, and all that kinda cool stuff. How much snow, if you're living, you know, and we're not sayin' Park City, but let's say in Cottonwood Heights, or, you know,
- Right.
- areas around the downtown, how much snow
- That's a great question.
- are you gonna expect to get? How many days am I gonna be shoveling in the winter time?
- Depending on the neighborhood, you mentioned in Cottonwood, you're certainly gonna get a little bit more snow bein' up by the mountain.
- Yeah.
- We'll leave Park City out.
- Yeah.
- So I would say, in Cottonwood last winter, was a huge winter for us, and I had my snowblower, for the first time in my life I owned a snowblower, and I was . We ended up probably usin' that snowblower maybe 15 times last winter.
- Yeah.
- A typical winter is probably more like six. If you're in Sugar House, Liberty Park area, you can probably figure there's gonna be three, or four, or five big storms a year, where, you know, it might be tricky drivin' to work in the morning if you have a two-wheel drive car.
- Yeah.
- In Cottonwood, you probably wanna get, if you come visit Utah, you're gonna see a lot of Subarus, a lot of Subarus. I drive a Subaru.
- Yeah.
- And a lot of Tacomas. Basically, just a lot of all-wheel drive vehicles, because--
- Which makes sense, right? I mean, you know, whether it's the day to day snow you're trying to get through, or if you're goin' out, and trying to have fun, you gotta drive over the pass.
- But it's pretty rare for you to be like snowed in at home, can't go outside. You know, maybe two times a year. If you're a bold driver with all-wheel drive, you're never stuck at home. So yeah, and then what I really love, is we do get a lot of big storms in March and April where it will dump a foot or two overnight, but by March and April the sun's getting pretty strong here, so do the quick shovel. You don't have to be too thorough, and the sun will take care of the rest of it for you within a day or two. Really, the cold months here, from just around Christmas time till the middle of February. There's about six weeks where it's cold, and you gotta be on it with your shoveling, or your driveway kinda ice over. After mid February, I barely shovel anymore. I mean, I just, I let the sun take care of it, so I do-- Watching which direction your home faces here in Utah. I love places that have West facing driveways, and South facing driveways, so that sun helps.
- Yeah.
- I also like East facing backyards a lot, because in the summer when it's hot, your East facing backyard is gonna, your house is gonna through shade to your backyard, so it's gonna be really nice for barbecuing. When it's 100,
- Good point.
- you can still be out there. And I pay attention to this, 'cause I'm a red head. I am very sensitive to the heat. And my first apartment here faced West,
- Yeah.
- And man, we got cooked in there. So I really always try to keep an eye out on this little factors. That's somethin' that my team and I really focus on when we're out with our buyers, is lookin' for the little things that you would never think of-- You know what, Daryn? That's the attention to detail that I love, because most people aren't even gonna think about that, you know, which direction that the house is facing.
- And--
- They're goin' for, what does the house look like, right?
- Yeah--
- Is it updated?
- I love this kitchen!
- Things you could say is not the things you can't change.
- Yeah, they love the kitchen, and I go, that's a great kitchen, but the backyard looks like the Sahara Desert, and it's got a really steep driveway that faces North. So those are factors that are gonna come into your day to day life, year round, and affect you.
- Yeah, yeah.
- And sometimes people go, I don't care! I wanna do it anyway! And I say, let's go! I'm not here to talk you out of it. I just wanna make sure you have your eyes open to the things that may be important later.
- Yeah. So Daryn, we've covered a lot of really good information here, and obviously, you know, like I said, we're just tryin' to go over a layer of a little bit, introduce some areas, to get people enough information to be able to say, you know what? This makes sense. Maybe let's make a trip out there, and get our feet on the ground, and look around a little bit. So, you know, if we have clients who would like to come out and meet with you and your team, and, you know, take maybe an afternoon, or a day, or even a weekend to kinda look around,
- Yeah.
- you guys would love that, right? I know you guys do that a lot.
- Absolutely. That's one of the things we focus on, and that's why I built this team. I got too busy to do it all myself. So if you wanna come out, just give us a little heads up, like a week or two
- Of course.
- would be best.
- You mean, I can't come tomorrow, Daryn?
- You could come tomorrow. We can have--
- I'm gettin' on a flight right now.
- 10 people available, but what we would do, if Scott gets us connected, please, you know, get my info through Scott.
- Yep.
- Get on out here. Give me a call. I'll get you set up with either myself, or one of our amazing buyer specialists. And what we usually do, is have you come in, and sit in the comfy room right here, where we are at my office on Cottonwood, just to chat for an hour first, hear what you think you want, to match you up with a neighborhood that might, we think might
- Yeah.
- work best for you.
- Lifestyle, house, neighborhood, everything.
- Exactly, and talk price a little bit. We're not worried too much about price in the first meeting. We wanna know, what are you trying to get out of this move? So we can match you up
- yeah.
- with the best area. And then one thing we do that I don't think any, very few other people are doin' around here, and I think it's tremendous value when you're movin' from another state, is we spend a bit of time goin' over how the process works here. We call it our red folder, 'cause I literally use to do it out of a red folder. Now, we have a PowerPoint presentation, but we just show you, how does it work, how does the contract work, how does the earnest money work, what are our rights during our inspection period,
- Yeah.
- how does the finance piece work in Utah, what's different from California?
- Is every state as, yeah, every state's gonna be different, right? As far as,
- Every state is.
- you know, the terminology that's used, the time frames,
- Absolutely.
- the contracts?
- Yes, absolutely. So we try to familiarize you a little bit with the language here, and the process, and we always tell people, don't worry if you forget half of what we tell ya. You're still gonna know a lot more than you did before you walked in.
- Yeah.
- And the next you ask the question, and it's something you heard it for the second time, it'll really resinate with you, and then you'll remember. So we do that to try to set your expectations, and show you, you know, it doesn't have to be scary makin' this move. One thing we do go over in detail in that meeting, is like, the contract, the purchase contract here in Utah is very, very, very buyer friendly, so that's cool. There's a lot of ways for you to get out, and basically not lose any money at all. Don't abuse it. But there's--
- Of course, yeah, yeah.
- For you to go after a house, and then if it doesn't look like we thought it looked, or if we find some nasty things during the inspection, we have a lot of clean out, so-- Protected, yeah.
- Fear out of people. Don't be afraid. We're here. We're on your side. You know, we're really highly reviewed. I think maybe that's how Scott found, got us linked up. I know you can check out our reviews. People really like the way we do things, and we're just tryin' to take care of people. We just try to put ourself in your shoes,
- Yeah.
- because we've been there, so we can really take care of you that way.
- That's awesome. So anybody who's watchin' this webinar, first of all, thank you for takin' the time with us,
- Yeah.
- 'cause I think we might've ran over 45 minutes, but I think, hopefully, that was some great information. But yeah, contact us at Info@LeavingTheBayArea.com. We'd love to get you in touch with Daryn and his team out there in Utah. If you think it might be a viable option for ya to go take a look, I mean, meeting with you guys for a little bit, and if it's in the winter time, you know, I mean, look, nice excuse to take a vacation, and do a little diligence while you're out there, right. Why not?
- Right.
- Have fun with it.
- We do free half-day guided skiing with one of our members.
- There you go.
- We're all skiers. If you're a snowboarder, we'll even hang out with you too.
- Yeah, there you go. All right, Daryn, hey, I appreciate your time.
- Thanks, Scott.
- And thanks everybody for takin' the time to watch with us today, and Daryn, we'll be in touch.
- Thank you for watching, and thanks a lot, Scott, for reachin' out in the first place.
- You got it. All right, take care. Bye for now.
Cost of Living Comparisons
Salt Lake City, UT VS Los Angeles, CA
45.1% less
Cost to Rent
0.4% more
Utilities
8% less
Food & Groceries
13.4% more
Health Costs
43.5% less
Transportation
38.4% less
Auto Insurance (Annually)
37.4% less
Auto Sale Tax
175.7% more
Auto Registration (Annually)
27.9% less
Sales Tax
22.6% more
State Income Tax
23.3% less
Child Care
Commute Comparison
| Salt Lake City, UT | Los Angeles, CA | |
Average Commute Time |
19 mins | 31 mins |
Comparison of gas prices |
$3.04 | $3.79 |
Live Traffic Comparison
Salt Lake City, UT
Los Angeles, CA
Climate
Salt Lake City
Los Angeles
87
Average Summer High84
62
Average Summer Low62
42
Average Winter High67
26
Average Winter Low46
222
Sunny Days Per Year284
20
Rain (inches per year)16
54
Snow (inches per year)0
Current Temperature in Salt Lake City, UT
Salt Lake City Area Tour
Ready to take a trip to visit Salt Lake City? Book your flight and come spend the day with us in your city of interest. We offer complimentary half and full day tours to Salt Lake City
