Liv Sotheby's International Realty has officially released their 2025 Resort Report for Ski towns in Colorado, Utah, Idaho, California and beyond. For my Breckenridge and Winter Park clients, the Average Sold Price in Breckenridge, Colorado and Winter Park, Colorado are both up Year Over Year, 11.5% and 12.4% respectively. You can find the digital version here.
Here are the highlights of the 2025 Resort Report:
- Robust Market: Resort real estate markets across the Western United States continued to be strong with increases in both sales price and sales volume.
- Year-Over-Year Growth: Sales prices across the 17 resort communities profiled in the report increased by an average of 11.12%.
- Top Performers:
- Snowmass Village, Colorado, saw the highest increase in average sold price at 39.6%.
- Big Sky, Montana, followed closely with an increase of 22.3%.
- Telluride, Colorado, recorded a significant rise in sold price at 22.0%.
- Volume Sales: Total dollar volume sold increased in 15 of the 17 markets, with Snowmass Village leading with a 62.9% surge in sales volume.
- Notable Regions: South Lake Tahoe, California/Nevada experienced a 19.0% rise in sales volume.
- Record Sales:
- Aspen, Colorado had a notable sale of $108 million.
- Park City, Utah had a significant transaction at $65 million.
- North Lake Tahoe, California/Nevada recorded a sale at $62 million.
- High-Priced Sales:
- Santa Fe SIR secured the highest priced property sold in 2024 at $7.25 million in Summit County, Colorado.
- The highest sale in Crested Butte by LIV SIR was $8.15 million.
- Glacier SIR achieved the highest sale in Whitefish, Montana at $15 million.
There is notable continual growth in resort real estate in the Western U.S. and I expect it will continue into 2025 in Colorado.