Let's get it all out on the table, right up front. When it is February, nearly 60 degrees and sunny in a ski town, you still won't find better snow or have a better ski vacation than you will in Park City/Deer Valley, Utah. And as you can see from my photos, the Canyons Plaza and Cabriolet is definitley a cool place to be. The views from the top of the Canyons are - in the words of the two self proclaimed "surfer - snow boarders", who rode the lift with me, "Dude, this is totally dope!" Seasoned by his buddy with insightful follow-up, "Yeah, totally dope!"
On the ride up the lift, I had already discovered they were visiting from "SoCal". Curiosity got me. What inspired them to spontaneously drive to Park City from Southern California? "Oh, Dude. The Epic Pass, man. It's totally sick". "We decided to jet up for the long weekend and chillax, then jet back to P.V." (We decided to drive up, have fun, relax; then drive back to Palos Verdes whenever we feel like it) "Park City rocks!!" Okay...no need for me to sell it.
Back to Real Estate - Two guys in their late twenties. One is single. One is married and has two children. One is in the tech industry. One is in sports marketing. Both are very astute. And, both are bi-lingual. The generational board dude lingo quickly morphed into an MBA exam. Their questions to me? 1- Where can we send the ladies shopping and meet them for dinner? 2- Is now a good time to buy? After answering the first question, I went right to the second. Answer - YES! It's a very good time to buy. A few reasons to buy? 1- Vail Resorts and their proposed $150mm capital investment in Park City Mountain Resort and the Canyons. 2- Supply is is shrinking. 3- The cost to develop new product has increased and will require increased sales prices. 4- Where else can they buy a second home that is 30 minutes from an international airport, a 90 minute flight or one day drive from California and has the endless year -round amenities we have in Park City, Utah? As the saying goes, you come for the winters, but stay for the summers. It's all about lifestyle, Dude!!
Leave a Reply