When you look at the big picture there is an elephant in the room… Vail Resorts. Now with mountain resorts across the country and in Europe, VR is a powerhouse brand that transforms struggling ski towns into Epic cogs in the machine.
RealtyTrac recently posted “The Best Resort Towns for Real Estate Investing”. They started with ski towns in the top 50 and judged in 9 categories: Distance from a Major Airport, Unemployment Rate, Median List Price, Foreclosure Inventory (Annual Rate and Rate Drop), Rental Vacancy Rate, Gross Rent Yield, and Pure Awesomeness Factor.
Vail rated #2 under Whitefish Montana (I know…what?) with Avon in the #4 spot. Vail’s Median Price was $626,000 and Avon, $459,000. With Aspen at #14 you can see it’s not about status, it’s about value and potential. Aspen’s Median Price is $2,315,000, which clears up the #14 thing. But looking at Whitefish at #1, the Median Price is $250,000- great investment, decent price but the skiing awesomeness factor is pretty weak. This study clearly shines light on Avon and Vail, Colorado as premier mountain property investments. It is worth mentioning that October 2014 showed the highest dollar volume of any month in two years.
Other notable rankings would have to include Snowmass at #19, Breck at #18, and Park City at #9.
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