Tuesday, April 14, 2015

Utah Ski Resorts Real Estate Strong with Escalating Numbers

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 Activity continues to be strong related to real estate units sold, median sales price, price per square foot, and average days on the market, in a number of Utah ski resorts and surrounding areas.

The Deer Valley and Park City area leads the Utah ski property markets with some eye-popping numbers. Median days on the market are down, while the median sales price of all properties sold skyrocketed to $1,235,000.00.  The" Vail Effect" (Vail recently purchased both Park City and The Canyons and will connect them next season with a lift) is likely having a significant impact on the property market.

Units sold increased at The Canyons and days on the market decreased.

The Salt Lake City Bench around Little Cottonwood Canyon and Alta and Snowbird had an increase in units sold, median sales price, ratio of asking price to sales price, median sales price per square ft., and a decrease in days on the market.

The Ogden Valley, home to Snowbasin, Powder Mountain and Nordic Valley, saw units sold increase, as well as the median sales price of all properties sold.  But as the median sales price in the Ogden Valley is only 30% of the median sales price in the Deer Valley/Park City areas - there are numerous, terrific deals available.

The Ogden Bench, only a 20-30 minute drive from Snowbasin, and 30-40 minutes from Powder Mountain, also saw an increase in units sold and a decrease in days on the market.

Utah Ski Country Real Estate Comparative Statistics will give you detailed statistics on the real estate markets in each of Utah's resort areas.

An article that appeared on April 10 in the New York Times, authored by Andy Isaacson, is creating plenty of buzz in the Utah ski community, and especially the real estate community.  Much of the information in the article has been reported before, but there were timelines, progress reports, and names of investors, that have raised some eyebrows.