Ever wonder what is happening in Park City and the western United State’s top resort real estate markets besides the skiing? The resort markets of the Vail Valley, Breckenridge, Aspen, Telluride, Crested Butte, Steamboat Springs – CO, Park City UT, Lake Tahoe CA, Jackson Hole WY, Big Sky MT, Santa Fe NM, and Sun Valley ID, have been demonstrating signs of steady increase according to a year-end report by Summit Sotheby’s International Realty, and there are no signs of slow-down.
Based on their location in desirable, slightly less accessible places than national mainstream markets, resort communities throughout Utah and around the world are prone to unique, heavily saturated luxury markets, and tend to have a greater density of luxury offerings as higher net worth individuals are often drawn to them based on their exclusivity and proximity to recreational activities.
Summit Sotheby’s International Realty compiles bi-annual data from 12 prominent resort communities throughout the western half of the United States in order to provide the consumer quick statistics for each resort area, keeping them up-to-date on the overall housing market in each area, and providing pertinent information in making buying decisions.