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Ski Resort Real Estate Varies Greatly In Price

By: Adriana Noton

Depending on the particular state and town, ski resort real estate varies greatly in price. Location in a particular town also influences value. The difference in price between a slope side two bedroom condominium and one a few blocks away can be in the hundreds of thousands of dollars. The difference in location between two similar freestanding houses can have the same spread in valuation. If vacation rental is the goal, ski in, ski out is the better choice. For full time residents, a home a bit further from the slopes might be a good option.

The value of a home or condominium in any resort is greatly influenced by it's location. A property that is situated directly beside the ski slopes is much more valuable than one a mile a way in town. This is partly due to the desirability for use as a vacation rental. Skiers like the ability to walk out their back door, click on their skis, and ski directly to the lifts. These places sell for multiple millions of dollars.

Vacation rentals can pay for an entire year's payments on a home. The weeks around Christmas and New Years are especially popular with vacationers. Three day weekends in January and February, along with Easter and Spring break are also in demand. Summer rental demand is much lower. An owner can use their property most of the year, avoid the busiest times, and make a profit.

Prices vary significantly from resort to resort. The Aspen, Colorado area has very high prices. Park City, Utah has expensive properties, but also has reasonable priced homes as well. Sun Peaks, British Columbia in Canada, which is relatively new in it's development, has some reasonably priced small homes, but is limited for local employees.

Aspen, CO is an extremely trendy resort area. It is populated by celebrities, movie stars, and wealthy business people. This tends to drive up prices. Any condo or house in this town is over a half million dollars. Snowmass, CO is near Aspen, but is a separate ski area. It is a less trendy location than it's neighbor. Properties can be had for less there. A 2 bed, 2 bath 950 square foot condominium can be purchased for under $175,000.

Park City, UT is also a popular area with the rich and famous, especially during the annual Sundance File Festival hosted by Robert Redford. There are many high end mountain side homes. It also has affordable subdivisions and condominiums that local workers can afford.

Sun Peaks, BC is a much less well know known location just starting to grow. It has a somewhat less accessible location as far as transportation opportunities. This will change as the area moves toward the big time. The lowest prices in this town are just under $200,000 for a small single family home or one bedroom condo.

Investing in ski resort real estate, while it can be expensive, has tremendous profit potential. Values can fluctuate with the economy, but generally rise. Rentals can pay for themselves. The opportunity to enjoy the mountains, skiing, and year round activities is filled with pleasure.

Article Source: http://articles.tiptopweb.info

BC real estate offers ski condos that are perfect for a little family time. It includes everything such as kitchen appliances, and also offers great scenery as well. If you're planning a vacation for this winter, remember to visit us. www.mountainspiritresortandspa.com

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Ski Resort Real Estate Varies Greatly In Price