Springtime in the Mountains

It is the middle of March and the days are getting longer, the sun is shining and spring skiing is on. Spring skiing means not having to bundle up like you are in the arctic, sitting outside on the deck for lunch and après ski outside looking at the mountains.

Olympics in Park City

Early Season Real Estate Activity

The first 7 weeks of this year have been quite active for real estate sales. Particularly in Empire Pass at Deer Valley. This is largely due to developer's slashing their prices and offering incentives to encourage buyers to buy now. In the development called Silver Strike, there were 19 units available January 1st. At the end of January the developer auctioned off 8 units with prices averaging around $760 per square foot down from $1200 per square foot at the original listing price. The auction was extremely successful with all 8 units selling in about a half hour and as a result the developer lowered the price on the remaining 11 units to slightly above the auction pricing. Since that time 6 more units have sold leaving only 5 units out of the original 19 left unsold.