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Brian Head Updates PDF Print E-mail
Written by Justin Blackburn   
Wednesday, 07 October 2009 00:05

I am in Brian Head this week to check on the condo and met with a couple friends in the area.  Talked about the local real estate market is in the tank, but that is nothing new.  This is the craziest thing I have seen:


Listing for Brian Head Lofts


This condo is 1,582 square feet with 2 bedrooms and 2 bathrooms offered at only $330,000 NOW ONLY $288,000 – NOW ONLY $265,000. I can’t believe it, I’m starting to sound like a…never mind. WE’RE SLASHING PRICES AND I HAVE MORE!. The most unique characteristic of this development are the large 20 foot window in the front maximizing the mountain (and neighbor) views. All interior finishes are upgraded. This particular unit is bank owned with missing appliances, counter mounted sinks and some hardware. With a good carpet cleaning and replaced appliances, this is a one of a kind.


Those who are familiar with Brian Heads market know The Lofts at Brian Head is one of the newest developments on the mountain quickly receiving the talk of the town. Investors from all over jumped at the opportunity to purchase one of these elite new additions to quaint little town.  This particular unit was purchased in November of 2007 for $605,000. A year and a half later, the exact unit is now available at only $330,000. I’d like to say this is a screaming deal. It is a fantastic price for this unit and I guarantee you that everyone who purchased or is in contract to purchase the buildings that haven’t been built yet are frustrated with the market changes. They wish they were you and able to purchase for this price.


Brian Head is one of those locations great for summer and winter retreats.


Not $330,000 but $265,000.  So between November 2007 and today, almost exactly two years later, the price has dropped from $605,000 to $265,000.  That is a drop of 56%.


The amazing part is that the developer, well not the developer who is long gone but rather the bank that foreclosed on the entire complex, is moving forward with the second phase and is currently pouring foundations for more condos.  I have no idea the contractual obligations they are under, but who in their right mind would want to buy one of these when banks cannot unload a foreclosure despite the massive price drop already?


In this calendar year, Brian Head Insiders Blog is reporting that 13 condos have sold.  That is just over 1 per month.  And there are 90 listed for sale.


I sincerely hope the market picks up because we would someday like to sell our condo.

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Utah Resorts See Drop of 6.5% Year Over Year in Skier Visits (h/t First Tracks) PDF Print E-mail
Written by Justin Blackburn   
Monday, 22 June 2009 19:37

From First Tracks Online

Salt Lake City, UT - Ski Utah reported today that skier visits at its 13 member resorts were down 6.5% year over year in 2008-09. A record season in 2007-08, however, meant that 2008-09 was nonetheless the state's fourth best ski and snowboard season on record. A total of 3,972,984 skier days made business during the 2008-09 ski season busier than any in Utah prior to 2005.

The 2008-09 winter breaks a string of five consecutive record ski seasons in Utah, and in fact nine of the busiest ski seasons in the state's history have occurred within the past decade. A skier day is generated by one person visiting a ski area for all or any part of a day or night for the purpose of skiing.

Nationally, total skier visits were down 5.5 percent to just over 57 million skier days from the previous year's all time record of 60.1 million skier days, according to a preliminary survey conducted by RRC Associates for the National Ski Areas Association (NSAA). The survey also suggested that the Rocky Mountain Range (Colo., Idaho, Mont., N.M., Utah and Wyo.) experienced a 7.2 percent decline down to 19.8 million visits from 21.3 million visits during the 2007-08 winter season. The region's decline could be attributed to a strong and early snow season on the East Coast, causing many snow riders to choose resorts closer to home in an effort to cut back on travel expenses.

5.5% for the country and 6.5% for Utah is not that bad all things considered. I keep expecting it to be worse than it really was. Still close to pre-2005 record numbers for the country as a whole.

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Article on How to Care for Your Skis Over the Summer PDF Print E-mail
Written by Justin Blackburn   
Saturday, 23 May 2009 23:23

Nicole Wolf from Denver Skiing Examiner has a great article on caring for your gear over the summer

Skis: At the very least, thoroughly wipe down skis (bases and edges) with a dry towel to prevent summer rust. I also strongly recommend applying a coat of wax to your bases so they aren't deprived of moisture while they hibernate in your garage all summer. However, if your skis were good to you this season and you'd like a repeat next year, I would suggest the following:

  1. Stone edges to remove burrs and rust that may have accumulated over the season. Sharpen with file so they are razor smooth and ready to rip next winter.
  2. Scrape any remaining wax from your bases, then clean with a base cleaner or citrus solvent (available at many ski/snowboard, bike, and automotive shops, or online)
  3. Apply a liberal coat of wax to bases using a hot iron (preferably not your mom/girlfriend’s clothing iron; waxing-specific ski/snowboard irons actually exist! Check it out). Lightly run iron over side edges to coat with wax to protect against rusting. No need to scrape skis; simply let the bases soak for the summer.
  4. Strap skis together and store.
Boots: Infinitely easier than caring for skis, but undoubtedly more important. (It's possible to salvage rusty, dry skis, but there is no salvage for moldy, rotting boots.)
  1. Remove boot liners from shells.

Great read and good info.

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National Skier Visits Down 5% PDF Print E-mail
Written by Justin Blackburn   
Saturday, 16 May 2009 23:51

Skier visits numbers came out and were not as bad as one might have expected

PORTLAND, Maine - The economy may have fallen off a cliff last year, but the ski industry's drop was a lot more gentle. Preliminary figures show there were 57.1 million visits to ski slopes across the country during the past winter, a 5.5 percent decline from the record 60.5 million visits the year before.

It could've been worse without favorable weather in most parts of the country that helped offset the slumping economy, the National Ski Areas Association said Friday.

The figures were released as ski executives attended the association's annual convention and trade show in Florida, where spokesman Troy Hawks said many ski managers felt they had dodged a bullet.

"The positive thing is that it was a fairly strong snow year," Hawks said. "Many of the resorts said they would probably rather have a bad economy and a good snow year, versus a good economy and a bad snow year."

The industry makes its money off of all of the ancillary items like lodging, food, entertainment, etc. It isn't just skier visits that matter, but apparel sales and so forth, but given how bad unemployment is and a host of other factors, just being down 5% isn't too bad.

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