Spring is in the Air!

It's that wonderful time of the year when the days are noticeably longer and when it is clear we definitely know that spring is near. We received about two feet of snow on the weekend and sunshine is forecast for the remainder of the week. Alta has received over 500 inches of snow so far this year which is only the fourth time in the last 27 years that it has reached this mark before the end of February. Deer Valley is reporting a base of over 11 feet which may also be a record for this time of year. Needless to say, the skiing is the best it has been for many years.

Here are some pictures of a wind vane in my backyard from a month ago:




And from today:






This is the wind vane you can see in the top photo. There's not much of him left now!


In real estate news, other agents that I speak with all report that while they are not writing a lot of contracts, they are showing property to a lot of people. It seems that while everyone is interested in purchasing here the economic news headlines are making people cautious. Many agents feel the same that I do, that we are going to see an increase in activity this spring through mid summer. In spite of the dour headlines, we remain optimistic. My feeling is that five years from now we will all be wishing for prices like we have today. If this is true and I believe that it is, this is an excellent time to purchase, with low interest rates, an excellent variety of inventory, and sellers willing to negotiate their prices. Many buyers worry about purchasing during a flat market. However, that is the best time to purchase, rather than when the market is hot, inventory is low, and sellers do not negotiate. A good client of mine has told me that "he never sells at the top of the market, he never buys at the bottom of the market, and he makes a lot of money." I think that this is very sound advice, rather than trying to pick the peaks and valleys, take the opportunities as they come.