Thursday, September 13, 2012

Utah mountain and ski resort real estate continues to heat up

Utah Ski Country Real Estate Comparative Statistics: Click here for the latest Utah Ski Country Real Estate Comparative Statistics for the past six months, including Number of Units Sold, Median Sales Price, % of Original Listing Price, Median Price Per Square Foot, and Median Days on the Market. This data is organized by ski resort area.


Search for Utah Mountain and Ski Resort Real Estate


THE NEWS

Real Estate in the mountains and ski resorts of Utah continues to heat up, as units sold and median sales prices rise while average days on the market fall.  Conditions vary depending on the area and resort - you can check comparative sales and property related statistics on Utah Ski Country Real Estate Comparative Statistics.

Across all of Utah there has been a dramatic turn-around in real estate sales predictions from Housing Predictor, an online real estate news and forecasting site.  In March of this year markets across the state were forecast to suffer still lower prices in 2012, from a negative 4.2% in Logan to a negative 3.4% in Salt Lake City. On Tuesday, September 11, the forecast had been reversed and a climb in prices across the state was predicted, from a positive 2.7% in Provo down to .5% in Logan.

Housing Predictor attributes the turn-around to "bulging home sales driven by near record low mortgage rates, better employment levels than many other states and the lowest home prices in years."

The forecasting site also states that fewer discount priced foreclosures are pressuring home values with a tighter inventory of homes for buyers.

For those who have been watching property prices and availability in the mountains and ski resorts, the time may have come to make a move.  As property prices rise, the number of desirable, available properties will drop as buyers who have been waiting on the sidelines jump in to avoid even higher prices.  As there have been very few spec homes built over the past five years, the inventory could drop rapidly and put even more upward pressure on prices.

Ski season is just around the corner.  With prospective buyers in the mountains and resorts, markets could heat up quickly.  Particularly in light of the fact that the 2012 election will be decided, the economy will hopefully continue it's slow improvement, and prospective buyers will have a clearer idea of what the next four years will hold.

                                                    --------------------------

You can now conduct a comprehensive search for available real estate and properties at or near Utah's ski resorts and mountain communities on just one website. And this same site contains a wealth of information on each of the resorts, important factors to consider when buying property or building in an alpine environment, and a full complement of Google maps, mortgage calculators, etc.


Utah Ski Country Homes and Land for Sale has the most comprehensive listing of available properties in Utah's fabled ski country. Each listing links to a full page of information and a photo of the property, and then directly to the agent or owner's contact information.

If you're searching for real estate, you can conduct in-depth research on numerous properties, their location, and the resorts and communities within a 25 mile radius. When you also consult Utah Ski Country Real Estate Comparative Statistics, you will have a very complete and detailed take on everything you need to know to make a wise and appropriate decision related to which properties to pursue through the owners or agents.

If you are trying to sell real estate, listing and promoting your property on Utah Ski Country Homes and Land for Sale would be an invaluable sales tool. The site appears at or near the top of the major search engines and is linked to other key sites those interested in Utah skiing visit in masse, such as Ski Utah and Go Utah. Many prospective buyers consult this site, and view its listings, as a first step in their property search.

Statistics from numerous surveys and studies show that each year more and more prospective real estate buyers conduct research on the internet before contacting a real estate agent or the property owner. When looking for homes, condos, fractional ownerships or land outside their home area, as is the case with many individuals looking to purchase property at or close to a ski resort, this already high percentage rises up dramatically. One can imagine a day in the not-too-distant future when a web listing is as critical to selling property as a cell phone is to taking calls related to the property you are trying to sell.