Ski-town real estate revving
KETCHUM, Idaho – Real estate brokers in most resort towns of the West are reporting sharply increased sales volume this year. Many also report rapidly rising prices in certain market segments, particularly lower ends.
For example, prices of single-family homes in Hailey, a down-valley town from Sun Valley, averaged $272,000 last year, but this year are at $306,000. Brokers attribute part of the activity to retirement buyers.
In Colorado, sales volume in the Winter Park area through September was up 65 percent comparedto last year. Prices were also on the rise, with single-family homes averaging $367,000, compared to $303,000 last year.
As in the Sun Valley region, vacant land prices have escalated most rapidly at Winter Park. A new record for Grand County was set for a lot price – $875,000, for a lot near the base of the ski area.
“Especially to see second homes move, buyers must believe that the economy and the stock market are strong and steady,” said Ray Steinbach, an agent in the Winter Park area. “If they don’t have that comfort, then they aren’t going to buy.”
Similar news has been reported in Durango, Aspen, and Telluride. In Jackson Hole, the action is somewhat mixed, but definitely more vigorous at the lower price points.
Changes recommended after avalanches
REVELSTOKE, B.C. – The Revelstoke Coroner has cleared the guiding company involved of any negligence in the avalanche that killed seven people on Durand Glacier last winter, but has issued recommendations for changes.
Among other things, reports Pique newsmagazine, the coroner says ski tour operators should subscribe to more detailed avalanche warning information, and guidelines should be set up to define what constitutes an acceptable risk when skiing in the backcountry.
Avalanches left 24 people in British Columbia dead last winter. Partly to counter the bad news, a senior guide for Selkirk Tangiers, a heli-ski tour operator from Revelstoke, visited the Aspen and Vail areas recently to drum up business. One Aspen-area local who has been on 11 heli-skiing trips to Revelstoke said he missed last year and may miss this year, but it was because of the economy, not the snow danger.