How are you? Just checking in.

MUD SEASON’S EARLY ARRIVAL 

As the gravity of the COVID-19 virus escalated in recent weeks and the Summit County Health Department issued orders for prevention, the response from the ski resorts and area restaurants was swift. On March 14, both Vail Resorts (Park City Mountain) and Alterra Mountain Company (Deer Valley) announced their closures, and other ski areas across the state followed during the ensuing days. Kids were ordered home for at least 2 weeks, and all restaurants went to curbside service only. Main Street had the eerie aura of a western ghost town in a matter of hours. It’s a story that has been repeated across the nation.  

SOCIAL DISTANCING - PARK CITY STYLE

We are still conducting business as normal, just with limited contact. We have many tools available to make this process seamless, including Facetime and 3D Matterport Virtual Tours. Our many ongoing transactions are being handled as normal thanks to technology.

LET’S HELP OUR LOCALS

We all have our favorite local eateries, whether its for dining now or next time you visit town. A great way to show support for our wonderful, local restaurants and to help them get through this shortened season is to buy gift cards to inject much needed cash flow to these businesses. Diversified Bar & Restaurants, parent company to No Name Saloon/The Annex, Butchers, and Boneyard Saloon & Wine Dive, has pledged to donate 100% of gift card sales proceeds to their staff impacted by the closures.  

Boneyard & Wine Dive  |  Butchers Chop House & Bar  |  No Name Saloon / Annex

Our community joins many across the world in a unified effort to reduce the impacts of COVID-19. The Summit County Health Department has prohibited all dine-in food service. Curbside is now the way to go to maintain property social distancing, so many of our local favorites have jumped in to participate. If your favorite eatery is not on these lists, chances are by the time you read this their business will have shifted to curbside - check their website(s) for up to date info.

PARK CITY CURBSIDE OPTIONS   |   HEBER VALLEY CURBSIDE OPTIONS

Our local food banks and pantries will be hit hard during this crisis. Please consider donating extra food and supplies to them to help serve our fellow residents in need. Click here for a full list of food banks and pantries to see where you can help.

WHAT’S NEXT?

As our economy fluctuates due to the uncertainty in the world markets, many questions surface relative to real estate. Here’s what we know. Real Estate has a lot more inertia than stocks, so prices tend to be more stable. We do not expect significant changes in prices in the short term.

Historically, real estate has been a solid long-term investment, particularly if you get to invest in building indelible family memories in this wonderful resort community. 
Inventory remains incredibly low across the nation, and with mortgage interest rates now hovering at a 50-year low, homes will continue to be bought and sold. While there will undoubtedly be a slight pause in transactions while we all adjust to this “social distancing” paradigm, we see the likelihood of some wonderful buying opportunities in the months ahead. Having a strategy for how you want to come out on the tail end can help formulate the bridge to get there. I’d love to discuss this with you further.