TOP 10 U.S. WINTER RESORT REAL ESTATE MARKETS FOR INVESTING IN SINGLE-FAMILY HOMES AND CONDOS IN 2022
Analysis looks at 2021 median home prices, one and five-year home price growth, home seller dollar gains and ROI in U.S. counties where top ranked ski resorts are located, according to ZRankings.com.
IRVINE, Calif., Feb. 15, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today released a joint analysis with ZRankings.com, which shows for those investing near a top ranked ski resort, the sky-high price of owning a winter resort home may be worth the reward. For this analysis, ATTOM looked at ZRanking.com's best ski resorts in the U.S., then narrowed in on the latest high-level home sales data points at the county level for each resort.
According to this analysis of single-family home and condo sales in 2021, among the U.S. counties analyzed which encompass the best ski resorts, based on ZRankings.com's Pure Awesomeness Factor (see full methodology below), Pitkin County, Colorado, home to Aspen Snowmass, fetched the highest median home sales price in 2021 ($1,696,000; up 39% from 2020); followed by Teton County, WY, home to Jackson Hole ($1,286,000; up 34% from 2020); and San Miguel County, CO, home to Telluride Ski Resort ($1,135,000; up 26% from 2020).
Home sellers in nearly half of counties analyzed more than doubled their investment in 5 years
The analysis also shows those same three counties ranked highest in terms of five-year home price growth – all more than doubling in median home price from 2016 to 2021. Although according to this measure, San Miguel County, home to Telluride, ranked first, posting the greatest five-year median home price growth (up 143% from 2016). Teton County, home to Jackson Hole, saw the second greatest five-year home price growth (up 138% from 2016); followed by Pitkin County, home to Aspen (up 125% from 2016).
Investment returns in 9 out of the 10 counties analyzed topped national home seller ROI in 2021
Also, according to this analysis, Teton County, home to Jackson Hole, ranked first in 2021 home seller return on investment, compared to the original purchase price (105% ROI; $659,875 dollar gain); followed by Routt County, CO, home to Steamboat Ski Resort (92% ROI; $318,500 dollar gain). The home seller ROI in those two counties more than doubled that of the nationwide ROI in 2021 (45% ROI; $94,092 dollar gain). Following Teton and Routt Counties, among those with the highest home seller ROI in 2021, was Eagle County, CO, home to both Vail Ski Resort and Beaver Creek (78% ROI; $395,000 dollar gain).
See below for the county-level data for each of the top 10 Ski Resort Real Estate Markets:
Top 10 U.S. Ski Resort Real Estate Markets |
|||||||
ZRanking |
Ski Resort |
County, State |
2021 Median Home Sale Price |
1-Year Home Price Growth |
5-Year Home Price Growth |
2021 Home Seller Dollar Gain |
2021 Home Seller ROI |
1 |
Jackson Hole (PAF: 99.0) |
Teton County, WY |
$ 1,286,000 |
34% |
138% |
$ 659,875 |
105% |
2 |
Telluride Ski Resort (PAF: 95.6) |
San Miguel County, CO |
$ 1,135,000 |
26% |
143% |
$ 470,800 |
71% |
3 |
Snowbird (PAF: 94.2)& Alta Ski Area (PAF: 93.5) |
Salt Lake County, UT |
$ 451,931 |
18% |
73% |
$ 174,001 |
62% |
4 |
Vail Ski Resort (PAF: 90.8) & Beaver Creek (PAF: 84.9) |
Eagle County, CO |
$ 900,000 |
16% |
66% |
$ 395,000 |
78% |
5 |
Aspen Snowmass (PAF: 88.9) |
Pitkin County, CO |
$ 1,696,000 |
39% |
125% |
$ 481,000 |
40% |
6 |
Steamboat Ski Resort (PAF: 88.3) |
Routt County, CO |
$ 665,000 |
28% |
79% |
$ 318,500 |
92% |
7 |
Big Sky Resort (PAF: 86.9) |
Gallatin County, MT |
$ 520,409 |
20% |
71% |
$ 201,235 |
63% |
8 |
Park City Mountain Resort (PAF: 86.1) |
Summit County, UT |
$ 847,600 |
20% |
61% |
$ 288,400 |
51% |
9 |
Winter Park Ski Resort (PAF: 85.4) |
Grand County, CO |
$ 549,000 |
13% |
120% |
$ 233,000 |
75% |
10 |
Mammoth (PAF: 84.5) |
Mono County, CA |
$ 623,500 |
26% |
95% |
$ 241,000 |
63% |
Top 10 U.S. Ski Resort Real Estate Markets in 2022 Infographic
Methodology
For this analysis, ATTOM looked at ZRanking.com's Best Ski Resorts in the U.S. at the time of this report, calculated based on the Pure Awesomeness Factor: https://www.zrankings.com/articles/best-ski-resorts-north-america. This algorithm is based on a range of ski resort data, including vertical drop and snow quantity, among others. ATTOM then isolated the top 10 U.S. counties surrounding the top ranked resorts and the most recent high-level home sales data points, based on ATTOM's Year-End 2021 U.S. Home Sales Report, which looks at recorded sales deeds for single family homes and condos nationwide. Home seller price gains represent the difference between the median sales price of homes in a given market in a given timeframe and the median sales price of the previous sale of those same homes, expressed both in a dollar amount and as a percentage of the previous median sales price.
About ATTOM
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the real estate data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, property reports and more. Also, introducing our newest innovative solution, that offers immediate access and streamlines data management – ATTOM Cloud.
Media Contact:
Christine Stricker
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SOURCE ATTOM
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