If you’re trying to sell a house near a ski hill, these guys’ opinions matter

Have we been misjudging ski bums this whole time?

Oct.October 28, 2017 10:00 AM


It’s not just ski bums who are waiting with baited breath for the first snow fall, anyone selling a home close to a ski hill should be crossing their fingers, because — data shows — house prices in these areas are linked to quality snow conditions.

Brokers believe there’s a “direct relationship” between house prices near some of the best slopes in the country and last ski season’s good conditions, according to Bloomberg News.

According to Sierra Sotheby’s International Realty broker, Breck Overall, Q3 in 2017 was “the strongest quarter in our history.” Typically sales for ski-side real estate is September and October, but this year deals started closing in June.

Home sales in Aspen are up 25 percent compared to the same time last year, while Vail’s sales volume increased 13 percent in the first half of the year, according to a Douglas Elliman/Knight Frank report. (Both companies are consolidating their real estate portfolios in preparation for a showdown.)

“Without a doubt, the snow conditions greatly influence a buyer’s perception of the market,” said David McHugh, a LIV Sotheby’s International Broker in Colorado, to Bloomberg News. “If there aren’t good conditions, it’s like going to Disney World when it’s raining.”

[Bloomberg News] — E.K. Hudson

Related Articles


Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate