Thursday, June 18, 2009

Has Summer Arrived?

After 4 weeks of rain every single day, the sun came out this afternoon. Could this really be the start of summer? While the calendar tells us summer starts this weekend you never really know living in the mountains. But based on the calendar Park City begins the summer season this Friday. We will be kicking off the summer with a dinner and Jazz Festival on Main Street Friday night. This is knows as “Savor the Summit” where we close Main Street to traffic and put tables end to end from the top of Main to the bottom of Main. Our local restaurants all participate with a special menu to serve. And several Jazz bands will be performing along Main Street while people dine. This is a great event and really gets everyone going!

Next week on Wednesday the free concerts begin at Deer Valley Resort. These occur every Wednesday through August and have become the social event of the week. Everyone gets lawn seating, brings their favorite beverage, dinner and music is def secondary to the party.

In real estate happenings May was a very strong month for sales (considering the economy) with the number of contracts written surpassing July, 2008. This was really good news and hopefully a start to a solid recovery of our real estate market. June typically begins the home selling season as most people prefer to wait until school is out to move their families. Right now buyers have an excellent selection of homes to choose from in all price ranges and when combined with the historically low interest rates, I am optimistic that the home buying season will be good. Historically resort condo sales do not pick up again until about August, when the approaching ski season rekindles interest. We should start to see interest in golf course property now that summer has arrived and with the competition among all of the golf course communities there are some opportunities that we may not see again for a long time (more on the golf courses next week).