Monday, September 24, 2007

It is SNOWING!


This morning we woke up to the season’s first snowfall. Two- to three inches on the ground and still snowing. While we know that this will melt off as soon as the sun comes out, the season’s first snow is always exciting and a sign of good things to come. The aspens are beginning to turn their brilliant gold and this mixed with the red maples and the white snow will make for a spectacular week here in Park City.

While these are the quiet days in town, there is the beginning of excitement as the winter employees begin to arrive and the ski areas and shops in town start gearing up for the winter season. The first snowfall brings on a little more urgency for the resorts to finish up their summer projects, get the lifts in working order, and finish up grooming on the mountain. The three resorts have been busy, either adding lifts, new runs, more snowmaking, or general improvements to the resorts. We are all looking forward to and anticipating the upcoming ski season.

In real estate, we have seen a bit of an increase in activity as buyers are in town picking up late-season bargains for this upcoming ski season. Right now there is a good supply and variety of homes and condos near the resorts. Many of these units have been remodeled and are excellent rentals. From speaking with the lodging companies, winter bookings are filling up quickly, so if you’ve not already made your reservations, it is time to do so.