Wednesday, October 27, 2010

SKI SEASON IS ALMOST HERE…..AN UPDATE ON THE DEER VALLEY, PARK CITY MOUNTAIN AND CANYONS RESORTS

Deer Valley Resort at the Sterling chairlift
Deer Valley Resort at the Sterling chairlift
A foot of snow has arrived and ski season is a month away. With La Nina weather system projected this winter, it should be an epic snow year! Deer Valley Resort was named #1 in North America again for the 4th year in a row. The resort has expanded their food and beverage operations. Park City Mountain Resort has new runs as well as an improved, lighted terrain park. The Canyons has placed the gondola near the people mover and improved a lift with heated seats and a plexiglass “bubble” on each chair and  new runs. REMEMBER….purchase season passes by Sunday, October 31st, while preseason rates apply. Attached are the 3 resorts websites for your review.

Experts agree the Park City real estate has hit the proverbial bottom and is much more active. Inventory has decreased and demand has increased. Sales have increased 39% as compared to 2009 year to date. All projections are for a strong market during the ski season. Statistics are as follows:

             Sold         Sales Volume       Ave. Sales Price
2009       764         576,102,507             $754,061
2010     1063         790,640,850             $743,783
Change  +39%                 + 37.2%                    -1.4%

Call or email with any questions or input. There are some excellent buys still available…..a vacation/2nd home/investment property for ski season as well as the beautiful Park City mountain summers. Look forward to seeing you….stop at my Silverlake office when you are skiing.
Karin