Thanksgiving Week in Park City

It is Thanksgiving week in Park City, the ski resorts are ready to open and all we need is snow. After a very wet September and October, November has been uncharacteristically dry and warm. However the forecast is for colder and snowy weather for the next couple of weeks. If this holds true, most of the resorts will be able to open by this weekend. Thanksgiving week in Park City is traditionally not overly busy. While many years we have excellent skiing, it is always chancy and most people are not planning a ski vacation this early.

I just came back from a National Real Estate convention in Las Vegas where I attended several meetings and classes dealing specifically with resort real estate. In talking with many of my resort colleagues around the country, it was quickly apparent that the Rocky Mountain resorts continue to be the shining star in the real estate market. The northeast and Atlantic coast areas seem to be the hardest hit by the real estate slowdown. Of interest were the resorts in Lake of the Ozarks in Missouri, where business is booming. They report that their sales numbers are up 30% over last year in both number of units sold and average sales price. In talking with other resort realtors, it became apparent that the doom and gloom reports in all the news media is more sensationalism than fact. While there certainly are markets that are struggling right now, the majority of the real estate markets in the US are doing just fine.