Labor Day weekend, Miners Day in Park City, has come and gone and with it a large number of our visitors. Park City is noticeably quieter, Deer Valley has ended its summer mountain bike season and the resorts are starting to gear up for the upcoming ski season.
Speaking of that, the Talisker/Park City Mountain Resort (PCMR) war continues to heat up when last week Talisker served PCMR with an eviction notice giving them 5 days to vacate the property. No one that I know seriously thinks that PCMR is going anywhere, that it’s more of a ploy to force the negotiations and come to an agreement on how, who and for how much the resort will be operated this winter. I expect this next month will be very interesting and there will be no shortage of tabloid stories on this battle.
The fall colors are certainly becoming more vivid and it seems like every day we’re getting a little bit of rain. Everyone here of course is hoping this is a sign of a good winter with lots of snow, and happy skiers.
In real estate news as we transition from summer to winter we’re seeing more and more ski properties being sold and fewer and fewer homes. As a result, we’re seeing quite a lot of price reductions on homes and more condos being listed. Up in the Silver Lake area of Deer Valley, where my office is located, there are only 35 condos active on the market. One of the most popular developments in upper Deer Valley is Stag Lodge, located directly on the ski runs at Deer Valley, and there are no units listed for sale. This is pretty unusual and a little disconcerting going into the ski season. For most of the other developments here in Silver Lake, there are at most three or four units in each development available. Again, a pretty small number as we head into ski season. In Empire Pass a newer area of ski in/ski out condos, there are only 33 condos for sale of which 11 are in the Montage Hotel. This is also unusual and not the best of news, as we head into the busiest time of year for ski properties. However the good news is that there are selections available and they’re easy to get into right now. This past weekend we’ve had buyers flying out to look at some of our listings with the idea of obtaining a ski condo prior to the winter season.
September is easily my favorite month. Still warm days, but cooler nights and the mountainsides come alive with color. Fall is a wonderful time to visit the mountains as the town is quiet, restaurants are easy to get into and there’s a much more relaxed feeling. But if you’ve not already done so, now is certainly the time to start planning your winter vacation as the more desirable condos and hotels start booking up quickly. Please feel free to call me for my thoughts on the better paces to stay and even my favorite time to ski.