Christie’s International Real Estate Luxury Ski Market Report 2019
Christie’s International Real Estate looks at the ways in which classic and emerging ski destinations continue to evolve in order to retain or gain their high-altitude rankings. Presenting what is new and notable at top mountain resorts with insider perspectives from our mountain destination affiliates. Christie’s looks at the lifestyle—après ski yurts serving champagne, private chefs, and the highest altitude fine dining on the planet. The slopes—from Hail Mary drops to groomed gliders—are reviewed, as is each property market. Plus, exclusively on Luxury Defined, we have compiled data from top resort locations about ski run difficulty and how many acres of skiable terrain can be found at each luxury ski destination.
Their finds show lack of inventory is fueling strong seller’s markets:
- In Sun Valley saw average sale prices rise 7% with active listings down 4%.
- In Telluride, lack of finished inventory in town sent land sales soaring 70-85% as buyers opted to “build to suit.”
- Jackson Hole and the Nevada side of Lake Tahoe continue to attract buyers drawn by the most welcoming of tax laws in the U.S.
- Canada, while popular, remains an international value proposition. Blue Mountain posted 43 sales so far in 2018 over C$1,000,000 with only three exceeding C$3,000,0000.
Given the dual trends of remote workplaces and ski resorts morphing into four-season communities, almost all have reported an uptick in full-time residents especially for parents looking to raise their children with an active outdoor lifestyle.
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*Article courtesy of Christie’s International Real Estate Luxury Defined blog.