The Summit Group recently closed on their acquisition of Powder Mountain Ski Resort, and the finalization of the sale could have enormous implications for real estate sales in the Ogden Valley.
The purchase of Powder Mountain by the Summit Group, reported on at length in the Huffington Post on 5/8/2013, will surely mean changes and development on some level for the Ogden Valley. Couple that with Snowbasin’s master plan for a base village and housing, which is reportedly close to final approval with the second of two counties that the development will encompass, and major changes and a significant jump in real estate prices in the Ogden Valley is essentially a given.
The Summit Group’s plans for Powder Mountain are all built around environmentally conscience, limited development geared to it’s members and visiting movers and shakers in the art, business, science and political communities. Local businesses are already tapping into the Summit’s multiple undertakings and operations in the Valley. And more and more influential and well-to-do individuals drawn to the outdoors and natural beauty will see first-hand this remarkable corner of the globe when they attend the Summit Group’s high profile conferences, which in the past have been attended by such luminaries as Bill Clinton and Richard Branson.
Also affected should be the greater Ogden real estate market, where property is considerably cheaper than in the Ogden Valley. Ogden is only a twenty minute drive from the Valley via either the stunning Ogden Canyon or a gorgeous mountain pass adjacent to Snowbasin, and the town of 80,000 was recently judged the “2nd best ski town in America” by Powder Magazine.
If you have experienced he idyllic beauty and recreational opportunities of the Ogden Valley and have thought about purchasing property, or haven’t yet, but are looking for an amazing mountain environment at what could still be considered bargain prices – don’t delay! Call a local realtor.
In other news related to Utah ski and mountain real estate, sales in terms of units are dramatically up while days on the market are dramatically down (Utah Ski Country Real Estate Comparative Statistics) at a number of resorts. Little and Big Cottonwood Canyons, the Salt Lake Bench, and the Park City/Deer Valley and Canyons areas lead the pack in positive real estate trends for sellers.
National real estate is, in many areas, trending strongly toward recovery. Utah ski and mountain property reflects this trend. Again, if you’re in the market for a home, condo, land, fractional ownership – it might be wise to act quickly!