Market for Ski Homes Brisk After Prices Slide
February 1, 2010 – Falling prices for ski vacation homes are creating the best buyers market in years, real estate professionals in winter resort areas say.
For the first time since the resort business slowed in 2007, Tom Peak, an associate with Prudential Utah Real Estate in Park City, says he’s seeing significant demand.
”Normally we don’t see a lot of activity until Christmas time,” Peek says. ‘But our market started picking up around Thanksgiving, before the slopes were even open.”
Practitioners say that prices in many areas are about half what they were before the market slowed, and cash is king.
