Rocky Mtn. Resorts Stats
The Rocky Mountain Resort Alliance (RMRA) Report, published quarterly, compares key real estate statistics for 11 Rocky Mountain Ski Resorts with respect to the number of properties sold, average list price, and total volume sold. (Note: Summit Co and Grand Co are each aggregates of several ski resort areas.) Buyers of resort real estate have found this data to be helpful when comparing and analyzing relative values among area resorts.
Current Data indicate Park city has a large availability of homes, condos and land to choose from and Buyers are finding that Park City’s average price remains 15-25% less than many comparable Colorado ski resorts.
The Rocky Mountain Resort Alliance is composed of boards of REALTORS of destination ski resorts in the Rocky Mountain West. The alliance was formed in January of 1996 at a meeting in Vail, CO with the presidents of the various boards or REALTORS attending. At this meeting, the various presidents discussed and came to the realization that geographic boundaries were no longer as important as the common bond that we share as resort REALTORS. We understood that the marketing and selling of resort real estate is very different from the traditional models of residential real estate sales. Our buyers and sellers have different expectations and goals and are looking for a REALTOR with knowledge of the resort markets. Frequently, buyers for a vacation home in one resort are comparing similar properties in neighboring resorts. From this realization came the idea of sharing sales information from the various resorts as well as pressing issues the resorts are facing. We know that because of the mountains, we have very limited space for development and housing the work force are issues facing each resort. As the demand for resort real estate grows, and prices increase, there is more pressure on finding suitable housing for the very important work force.