Snow Arrives in Utah Ski Country

posted in: Ski Property Trends | 0

Big flat flakes of snow are floating down. If the forecast is correct, the resorts could end up with 2-3′ over five days and 4-5′ over ten.

As winter finally arrives, the real estate market continues to accelerate (see stats below), and with seasonal visitors piling into the resorts, there is no slow-down in sight.

A few highlights. The median sales price for property sold in the Ogden Valley, home to Snowbasin and Powder Mountain, jumped to $898,000 in November from $755,000 in October. At Snowbird/Alta, from $682,000 to $770,000, and at Brian Head to $285,000 from $217,000. The median price per sq. ft. was $888.00 in November in the Park City/Deer Valley area, up from $797.00 in October, and $627.00 per sq. ft. in the Canyons area, up from $554.00