Fall?

In an earlier blog I mentioned that August in the western mountains tends to start cooling off unlike much of the U.S. which is still sweltering underneath the summer sun. This August in particular has been quite cool with an early snow already and several early mornings of frost. This past weekend the mountain oak tree’s started turning and we are just beginning to see hints of red leaves spotting the mountain sides, a sure sign that Fall is near.

This past weekend Deer Valley Resort was the host to the annual Park City Jazz Festival. This was three days of great music, food and too much wine. Deer Valley is a terrific host in that they allow patrons to bring in picnic baskets and their favorite beverage. The headline act this year was Al Jarreau. While he is certainly getting up there in years, he can still perform with the best.
Now on to Real Estate news. Fall through early winter is quite active here, unlike Spring when the town is quiet and interest in real estate drops off dramatically. Buyers are looking to purchase their ski condo early enough to start booking rental reservations for the upcoming ski season. Sellers understand this so they are now putting units on the market so there is an excellent selection of properties to choose from. While we are certainly still in a buyers market I am beginning to see the first hints of a change. Several sellers recently have felt that the market, if not having already turned, is about to and are prepared to stay closer to the original asking price. I think that this fall and winter season may be quite interesting as buyers will still have the mindset of a bottoming real estate market and sellers may be seeing the light at the end of the tunnel. Click here to read an article about the real estate "turnaround" or copy and paste this link into your browser: http://www.dailyfinance.com/2009/08/27/could-the-end-be-near-housing-guru-shiller-senses-home-price-re/