Spring is in the Air

This last week of February has certainly felt like spring is just around the corner. Temperatures have been in the mid forties and grass is beginning to show on the more exposed areas of town. However, I have lived here long enough to know that the snow is not done. March tends to be a very snowy month, intermixed with warm sunny days. A perfect combination for great skiing.
Thoughts on the real estate market… These are very interesting times as prices are low, inventory is up and seller’s are looking to sell. One would think with these combinations that sales would be strong as buyers would take advantage of their strong position. However, just the opposite seems to be true in that everyone seems to be waiting. I definitely understand that there is a lot on uncertainty and nervousness, but there may never be a better opportunity to make money in resort real estate than there is right now. Interest rates are extremely low but everyone I speak to expects interest rates to start creeping up this summer. While the timing of this buyers market is certainly not the best for some buyers, for others it may present an opportunity that we may not see again for many years.
If nothing else, come and take advantage of great skiing with few crowds. Unheard of during the ski season, several Park City restaurants are offering two-for-one coupons for dinner and lodging companies are offering deals on accommodations. These are normally only found during the off months of May through October. And remember that you can ski free the day you arrive. Go to my website for details. http://www.dennishanlon.com/.
While I would refer to this as an average snow season, we still have a base of nearly 100 inches, most resorts in the country would refer to a season like we are having as epic. So come out, take advantage of the many deals that are being offered in town, and enjoy spring skiing at its finest.