Excerpt from:  Ski Resort Market Trends and Statistics
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August 07, 2008

Real Estate Market Trends for Ski-in Ski-out Property

A discussion on real estate market trends and price per square foot statistics in Vail and Summit County

The Gore Range between Summit County and Vail

This sales analysis has been assembled from Summit County and Vail Multiple Listing Systems sold information in order to illustrate the increase in average market price for ski in ski out properties located in the Central Rocky Mountains.  Some property sales have been eliminated because of age or condition as well as additional sales information from the two county's public records have been used to supplement and more accurately assess value.  In addition, we limited our sold comparables to three and four bedrooms to limit the scope of the Comparable Market Analysis.

The different areas that we discuss include: Copper Mountain, Keystone, Breckenridge in Summit County; and Vail, Beaver Creek Resort in Eagle County.  All of these ski areas are frequented by Colorado Front Range visitors and destination travelers alike and have been the driving force for ski in ski out real estate in the Central Rockies.

The land rush of 1889 has begun again two hundred years later in Colorado; this time for ski in ski out luxury property.  With estimates of less than 200,000 ski in ski out properties built in the United States, new buyers to Rocky Mountain ski locales are staking claim to fabulous new luxury property offerings and completely remodeled condominiums throughout the high country.

The number of elite purchasers in resort real estate markets is increasing at a substantial rate.  Baby Boomers are already known as one of the wealthiest demographics and the future generations will become even wealthier as over twelve trillion dollars will be inherited over the next twenty years. 

Money is being taken out of the volatile stock markets and primary homes are being downsized in order to enjoy a second home situation; while technology has made it easier to find and work from these ski area destinations.  Five Star Hoteliers and major Wall Street players are investing in these ski slope locations bringing amenity and luxury services to these mountain side locations.

Over the past several years, ski in ski out real estate has increased in value at an all time record rate with the major ski areas seeing unprecedented new developments at base ski villages throughout the ski areas in North America.  These trends have become extremely stable and the demand for luxury vacation homes in prestigious locations is increasing at a record setting pace.

Feel free to browse through the different ski destinations below to compare and analyze the average priced per square foot of three and four bedroom properties throughout the Central Rockies.

If you would like a copy of the entire report, please contact us.

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