Hot Seller’s Market in Utah Ski Country Continues Into Fall

posted in: Utah Ski Property News | 0

Real estate markets at all Utah Ski Resorts continue to strongly favor sellers, with median sales price and price per sq. ft. at record or near-record highs, while inventory remains low.  Through October, the market has been on a significant upward trend for well over a year, and while there is some variation from resort to resort, no area has been left out.

The Ogden Valley, home to Snowbasin, Powder Mountain, and Nordic Valley, has seen some of the most dramatic escalation in prices.  The recent, long-anticipated announcement by Snowbasin of a major on-mountain expansion, including a hotel, shops, and, at some point, residences – could well add another stimulus for the real estate market in the Valley.

The political situation, Covid, inflation, and action by the Fed, could all have a chilling affect on the resort property market.  But there has been essentially no slow down over the past eighteen months, and all of those factors have constantly made headlines.

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.