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.
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Utah’s ski resorts have added amenities and incentives over the summer to try and attract a record number of skiers and boarders once the snow starts to fly. And this is only good news for those looking for real estate at and around these resorts.
Snowbird added the only new lift among the Utah resorts, replacing the original Gad 2, which opened in 1971, with a high speed detachable quad. The resort is also expanding cat skiing operations, which will open more terrain in Mary Ellen Gulch on the backside of Mineral Basin.
Deer Valley has a new run for beginners called “Gnat’s Eye”, and has upgraded its snowmaking with two additional energy efficient guns.
Snowbasin drilled another well that will increase the resort’s total snowmaking capacity to over 600 acres.
As reported in this blog last month (October post), the most valuable new incentives and amenities at all of the major Utah ski resorts are the alliances formed between resorts that give season ticket holders multiple free ski days at multiple in-state and out-of-state resorts. These partnership/alliances are changing the face of the ski industry, and for property owners at resorts it eliminates the loss of the variety of ski areas they enjoyed before they owned property and purchased season passes at one resort.
Units sold and escalating prices for Utah ski resort property slowed considerably in October from the torrid pace of the recovery’s past few months.
The best bet is this slowdown in the Utah real estate recovery is due to the government shutdown and sequester as Utah has numerous national parks and government employees through the state’s large Defense Department (Hill Air Force Base, etc.) and IRS presence. For the actual October Utah ski resort sales statistics, click here.