The Sundance Film Festival started January 17th and runs through the 27th. Sundance is the largest independent film festival and attracts filmmakers, producers, celebrities and onlookers from all over the world. During the festival, the town is full of filmmakers trying to sell their films, celebrities following the party scene, and visitors looking for the next hit film. It is a very exciting and busy time in our mountain town. Over the years, many films have come out of Sundance to become successful hits with national distribution.
This past weekend I was in Telluride, Colorado for a conference of resort Realtors from the Rocky Mountain west. Everyone is reporting that their market is strong, sales prices are continuing to rise, and dollar volume sold will be equal to or greater than last year. This is very different from what everyone is hearing in the national press about the housing slump. While the resort real estate markets are certainly not immune to the national market trends, we do seem to be somewhat insulated. Everyone is seeing that buyers, while cautious, are still looking for vacation property and have the means to purchase. We are fortunate in that our buyers are not subprime buyers and while the mortgage issues do make it more difficult, they are able to qualify for loans and purchase. Consistent throughout the resorts was activity through the Christmas holiday. Everyone felt that this Christmas was busier than usual with visitors looking at properties. While this did not translate to many sales, that is not unusual. We all find that our buyers who look over Christmas return later in the season or during the summer months to purchase. The entire US is having a great ski season and this translates to all of the ski areas doing well. I expect that the 2007-2008 ski season will end up a record one for Park City as well as the other western resorts. With a record number of visitors in town we are all hoping that this equates to more buyers and more sales.
It has snowed here in Park City 29 of the last 36 days and is snowing hard again this morning. If you have not visited Park City in the past this is the year to see what Utah snow and skiing is all about.
Monday, January 21, 2008
Thursday, January 10, 2008
Snow, Snow, and MORE Snow!
It has been snowing here in Park City every day for the past week and a half. And the skiing is the best I have ever seen. It seems that each day we receive about a foot of the famous Utah powder. Since December 1, Snowbird has received about 16 feet of snow. All of the resorts of course are thrilled with all of the lifts and terrain open. Deer Valley’s new Lady Morgan Express lift offers some exceptional advanced skiing here at Deer Valley.
Typically, the two weeks after New Year’s are quiet and slow in town. However this year, with the epic skiing conditions, the town has not slowed down as much as usual. The word is out on how much snow we have received and skiers are taking advantage of the snow and the availability of places to stay. These first two weeks of January very often is the best skiing of the year. The snow is cold, and without a lot of skiers, the snow stays soft. If you have never skied Utah, this the year to come out and discover for yourself Utah powder.
Typically, the two weeks after New Year’s are quiet and slow in town. However this year, with the epic skiing conditions, the town has not slowed down as much as usual. The word is out on how much snow we have received and skiers are taking advantage of the snow and the availability of places to stay. These first two weeks of January very often is the best skiing of the year. The snow is cold, and without a lot of skiers, the snow stays soft. If you have never skied Utah, this the year to come out and discover for yourself Utah powder.
January 2008
Now that the Christmas holidays have ended I can step back and reflect on this year’s holiday season. This Christmas was the busiest that I have seen for real estate. With the exceptional snow, the town was completely full and guests experienced the best possible conditions on the mountains. I talked to numerous guests who were here for the first time and couldn’t stop commenting on what a fabulous place this is. The ease of getting here, the wonderful town and its restaurants, and so much variety in skiing that they wondered why they hadn’t been here before and that they really needed to own a place here. I also talked to many guests who have been coming here for several years and have decided that it’s really time to buy. Many guests felt that with the slightly slower market that this is the right time to purchase when they have choices and sellers have more negotiable than during times of the hot market.
The first couple weeks of January are typically very slow and an excellent time to come out and visit. January 17th starts the Sundance Film Festival for 10 days where the town will be hopping with independent filmmakers trying to sell their new films, celebrities looking to be seen in the hot spots around town and visitors looking to catch a glimpse of the celebrities. During the Sundance Film Festival the town and the restaurants may be packed but the ski slopes are empty as everyone is attending films. Many of my clients are now realizing this and while it may be difficult getting dinner reservations, it is a fabulous time to ski with the best snow and no crowds. Come out, take a look around, and see why Utah is known for “the greatest powder on Earth.”
The first couple weeks of January are typically very slow and an excellent time to come out and visit. January 17th starts the Sundance Film Festival for 10 days where the town will be hopping with independent filmmakers trying to sell their new films, celebrities looking to be seen in the hot spots around town and visitors looking to catch a glimpse of the celebrities. During the Sundance Film Festival the town and the restaurants may be packed but the ski slopes are empty as everyone is attending films. Many of my clients are now realizing this and while it may be difficult getting dinner reservations, it is a fabulous time to ski with the best snow and no crowds. Come out, take a look around, and see why Utah is known for “the greatest powder on Earth.”
Monday, December 31, 2007
New Year's Week
It is New Year's Eve day in beautiful Park City and the skiing is incredible. Sunday was one of those wintry days where the winds were howling 40-50 miles per hour and the snow was falling at 2-3 inches per hour. It was a day to bundle up in your ski suit, hat and goggles, and ski some of the best powder of the year. Those who braved the storm were rewarded with short lift lines and the finest of Utah fluff.
With New Year's falling on a Tuesday this year, we are anticipating to be busier than usual for the days following New Year's. The first week of January is typically very slow and a great time to come skiing as it is uncrowded and the conditions are at the best.
The past few days I've had several clients call me (as well as new guests who stop in at the office) to comment on what a beautiful place this is and that they have to buy something. The ease of getting to Park City, the spectacular mountains and the abundance of the famous Utah powder come together a compelling argument to own property here. Visitors to our town are impressed with the friendliness and the ease of getting around compared to other resorts. With the terrific winter we are having, if you have not visited Park City in the past, this is the year to do so. But come prepared to be impressed enough to want to own here as well.
With New Year's falling on a Tuesday this year, we are anticipating to be busier than usual for the days following New Year's. The first week of January is typically very slow and a great time to come skiing as it is uncrowded and the conditions are at the best.
The past few days I've had several clients call me (as well as new guests who stop in at the office) to comment on what a beautiful place this is and that they have to buy something. The ease of getting to Park City, the spectacular mountains and the abundance of the famous Utah powder come together a compelling argument to own property here. Visitors to our town are impressed with the friendliness and the ease of getting around compared to other resorts. With the terrific winter we are having, if you have not visited Park City in the past, this is the year to do so. But come prepared to be impressed enough to want to own here as well.
Monday, December 24, 2007
Christmas Week in Park City
It is Christmas week in Park City and the skiing is fabulous. Last week we received about 2 ½ feet of famous Utah powder and several more storms are forecast for this week. The town is all decked out in its finest and visitors are here. Christmas in the mountains is a magical time with snowy roofs, Christmas lights, and everyone with Christmas spirit.
This past Saturday, Deer Valley’s new Lady Morgan Express Lift opened with much fanfare and 200 acres of steep, untracked powder. The Lady Morgan Express Lift offers excellent black diamond skiing and of course, some wonderful groomed easy runs back to the Empire Lodge.
This week the new Flagstaff building in the Village at Empire Pass begins accepting reservations. Flagstaff is the newest development by East West Partners and will offer more common area and amenities than any of their previous buildings. As is typical in Empire Pass, Flagstaff will be directly on the Silver Buck ski run offering guests convenient ski-in/ski-out access. Flagstaff is expected to be completed for the 2009/2010 ski season. Silver Strike condominiums in Empire Pass are well under construction with completion expected during the summer of 2008. This building is about 50% sold out now and is being developed by the developers of the Ironwood townhouses and the Grand Lodge at the base of the Northside lift. There is a model open in the building and the finishes are as expected from this terrific developer.
It appears that we are in a cold and snowy pattern for this winter so this is the year to visit Park City, discover how easy we are to get to, and find out what everyone raves about when they talk about Utah snow. With ten ski resorts within an hour’s drive of Park City there is enough variety to keep even the most demanding skier entertained for a vacation here. Come experience Utah for yourself and of course when you are here, visit my office at mid-mountain Deer Valley and I’ll give you the local’s report on where to ski.
This past Saturday, Deer Valley’s new Lady Morgan Express Lift opened with much fanfare and 200 acres of steep, untracked powder. The Lady Morgan Express Lift offers excellent black diamond skiing and of course, some wonderful groomed easy runs back to the Empire Lodge.
This week the new Flagstaff building in the Village at Empire Pass begins accepting reservations. Flagstaff is the newest development by East West Partners and will offer more common area and amenities than any of their previous buildings. As is typical in Empire Pass, Flagstaff will be directly on the Silver Buck ski run offering guests convenient ski-in/ski-out access. Flagstaff is expected to be completed for the 2009/2010 ski season. Silver Strike condominiums in Empire Pass are well under construction with completion expected during the summer of 2008. This building is about 50% sold out now and is being developed by the developers of the Ironwood townhouses and the Grand Lodge at the base of the Northside lift. There is a model open in the building and the finishes are as expected from this terrific developer.
It appears that we are in a cold and snowy pattern for this winter so this is the year to visit Park City, discover how easy we are to get to, and find out what everyone raves about when they talk about Utah snow. With ten ski resorts within an hour’s drive of Park City there is enough variety to keep even the most demanding skier entertained for a vacation here. Come experience Utah for yourself and of course when you are here, visit my office at mid-mountain Deer Valley and I’ll give you the local’s report on where to ski.
Monday, December 10, 2007
We're OPEN!
Deer Valley opened Saturday, December 8th, in the middle of a 3-day snowstorm. The Park City resorts received about three-feet of snow over the weekend with more snow forecast for this week. The skiing, while still a bit limited, is terrific. The snow is soft, with many areas of powder skiing available. This past weekend Deer Valley hosted a celebrity ski challenge, as they do every year, benefiting the Waterkeeper Alliance. This is an environmental group promoting clean water throughout the world. With the new snow, the Park City Chamber of Commerce is busily getting the word out throughout the country. This should increase our already heavily-booked ski season. The Deer Valley Ski School completely sold out of lessons for both the Christmas and President's week back in October. This is a clear indication of the quality of the Deer Valley Ski School and how popular Deer Valley Resort has become.
With Deer Valley being rated the #1 resort in North America by the readers of SKI Magazine, visitors coming to find out what we're all about are discovering how easy we are to get to and what a charming town Park City is. If you have not already booked your ski vacation for this year, quickly do so as the prime lodging is filling up.
With Deer Valley being rated the #1 resort in North America by the readers of SKI Magazine, visitors coming to find out what we're all about are discovering how easy we are to get to and what a charming town Park City is. If you have not already booked your ski vacation for this year, quickly do so as the prime lodging is filling up.
Monday, December 3, 2007
It's Snowing!
IT’S SNOWING IN PARK CITY! We received about a foot of snow over the weekend and the forecast is for continued snow with up to six feet in the next two weeks. Park City and the Canyons are both open with limited terrain and Deer Valley opens Saturday, December 8. With continued snow and cold weather, the resorts will be opening new terrain almost daily. Click on the ski resorts button the left side of this page for the most current and accurate conditions, or call me and I will give you a first-hand report on what is happening.
In real estate news, I attended a presentation for the new Flagstaff condominium project in Empire Pass. Flagstaff is the latest of the East West Partners developments at the base of the Silver Strike lift in Deer Valley. Flagstaff will consist of 37 two-, three-, and four-bedroom condominiums with over 5,000 square feet of gathering spaces for its guests. The gathering spaces will include a pub, the first in Empire Pass, a children’s center, and a gathering and relaxing room for adults. Prices start at $2,310,000 for a two-bedroom, $2,860,000 for a three-bedroom, and $5,000,000 for a four-bedroom plus loft. Reservations for this project will start on the 19th of December and East West is offering a 7% discount to the first seven buyers. If you would like more information on this development, any of the other new developments at the ski resorts, or excellent opportunities in the resale market, give me a call or stop by my office when you’re in town.
In real estate news, I attended a presentation for the new Flagstaff condominium project in Empire Pass. Flagstaff is the latest of the East West Partners developments at the base of the Silver Strike lift in Deer Valley. Flagstaff will consist of 37 two-, three-, and four-bedroom condominiums with over 5,000 square feet of gathering spaces for its guests. The gathering spaces will include a pub, the first in Empire Pass, a children’s center, and a gathering and relaxing room for adults. Prices start at $2,310,000 for a two-bedroom, $2,860,000 for a three-bedroom, and $5,000,000 for a four-bedroom plus loft. Reservations for this project will start on the 19th of December and East West is offering a 7% discount to the first seven buyers. If you would like more information on this development, any of the other new developments at the ski resorts, or excellent opportunities in the resale market, give me a call or stop by my office when you’re in town.
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