Tuesday, January 19, 2016

Utah Ski Season Real Estate Market, Big Snowfalls Coincide

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 The holidays are over, the winter real estate market at Utah ski resort areas is heating up, and it's happening as the snow keeps piling up.

Skiers and riders are descending on Utah ski resorts in droves, surely in large part due to the terrific early season snow.  And likely because of the new lift connecting the Canyons and Park City resorts...or the proliferation of Epic Passes and other changes caused by Vail's purchase of the two ski areas...or Deer Valley's purchase of Solitude. The numerous, recent articles singing the praises of Ogden as a top ski town and the Ogden Valley's Snowbasin and Powder Mountain are also attracting numerous visitors.

Everything seems to be coming together for an epic ski season in Utah...a season that should significantly impact the resort real estate market.  When visitors experience the copious amounts and quality of the "greatest snow on earth", the easy access to the slopes from the Salt Lake City airport, the excitement and choices of a night-on-the-town in Park City, the amenities of Deer Valley, the lifts, lodges, food and terrain of Snowbasin, the vast powder stashes of Powder Mountain - well, some are sure to decide to put down roots.

The real estate market in the Park City, Deer Valley and Canyons market is red-hot, with prices well up from a few years ago.  A seller's market.  At the same time there are still terrific deals in the Ogden Valley/Ogden bench areas, as well as Sundance and the southern Utah areas of Brian Head and Eagle Point. A buyer's market.

If the snow continues and all the other positive influences do, in fact, create an epic year for Utah's ski industry - the real estate market could reach a critical point in terms of decision-making for those considering entering, as either seller or buyer.  Stay tuned to this blog for further developments and monitor the real estate market Comparative Statistics.