Monday, December 22, 2008

Christmas in Park City

It is Christmas week in Park City and as it seems to be typical for the past few years it is snowing and snowing and snowing. We received close to a foot of snow last Friday. A few additional inches over the weekend and today is a full on white-out with an additional 12 to 20 inches expected. In addition, we are expecting an equally impressive storm on Christmas Day. Unlike most cities, ski towns are unique in that we eagerly anticipate and look forward to snowstorms, the larger the better.

Christmastime in Park City is a special time of the year. Main Street is very festive with lights and decorations. Visitors to town are busily shopping for last minute gifts and local restaurants are opening their doors to cold and hungry skiers. While this week before Christmas kicks off the holiday and ski season, the town does not become full until the day after Christmas. Once again Christmas visitors will find Park City piled high with snow and looking in every respect like the world class resort town it is. The improvements that all three Park City resorts have made over the summer add to the enjoyment of our skiers.

In real estate news, while the economy continues to teeter, buyers are here and many are finding extraordinary deals. Most everyone I speak with is convinced that we are close enough to the bottom of the market that combined with the lowest interest rates we have seen in years, that now is an excellent time to purchase for investment and personal use. The question that I ask everyone is “In three to five years do you feel that Park City/Deer Valley properties will be worth more than they are today?” The answers that I get are a resounding “Yes”. With this in mind, isn’t this the time to purchase your vacation property and start enjoying quality family time here in Park City?