Monday, February 17, 2014

Utah's Wolf Mountain Ski Resort Sold, Expansion and Base Village Rumored

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.

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THE NEWS

Wolf Mountain, one of three ski resorts in Utah's Ogden Valley, has been sold, and a major expansion and development is rumored. 

It seems a month rarely goes by without news of impending ski resort development and related real estate options in the lovely, pristine Ogden Valley, home to Snowbasin, Powder Mountain, and Wolf Mountain.

According to an online article January 24th from Ogden's Standard Examiner, a representative of a group of local and European investors confirmed, in a post on a website run by Skyline Mountain Base, that Wolf Mountain ski area is under new ownership. The article, authored by JaNae Francis, quotes the representative, Tessa Harbertson's, post.  "As some of you know, I have been extremely busy with a new 'project' for the past six months.  All of the long hours and hard work has (finally) come to fruition. Skyline Base investors have purchased Wolf Mountain for development."

As the February post of this blog goes online, efforts to obtain additional information about the development plans at Skyline Mountain (Wolf Mountain) from Skyline management or principals have been unsuccessful.  More information will be provided here as soon as it is obtained.

The news about the sale and planned development of Skyline comes on the heels of two other highly important events involving the two other ski resorts in the Ogden Valley.  As reported on by this blog over the past year, The Summit Group purchased Powder Mountain and their planned development of a base village, lodging, and residences, while in the early stages, is underway.  And Snowbasin received final approvals for their extensive and long-range development plans in November, 2013.

The real estate market in the Ogden Valley is a safe bet to explode when the publicity surrounding these developments reaches critical mass...particularly if Snowbasin breaks ground.  Those potential buyers who don't want to miss the appealing part of the curve should think about acting now.