2014 Mountain Resorts Market Analysis – 3rd Quarter

Land Title

Here’s some valuable information generated by Land Title about seven mountain county communities around Colorado. They are mountain communities of Aspen (Pitkin County), Breckenridge (Summit County), Steamboat Springs (Routt County), Glenwood Springs (Garfield County), Winter Park (Grand County), and Vail (Eagle County) and Telluride (San Miguel County). 2014 3rd Quarter Highlights from the Seven Counties:

    • Buyer Profile: 45.72% local, 22.73% Front Range, 30.5% Out-Of-State, 1.05% international
    • Single Family Average Price up over 29% in San Miguel County from prior year
    • Gross Sales Volume up over 20% in Eagle, Garfield and San Miguel Counties from prior year
    • Average Residential Price PSF up 37.3% in San Miguel County from prior year
  • New construction in Pitkin County is 27.45% of Gross Sales

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San Miguel County – Ski Areas: Telluride

    • Median Residential Price up 13.97% from LY Q3 numbers
    • Average Residential Price up 29.21% from LY Q3 numbers
    • Average Residential Price PSF up 37.3% from LY Q3 numbers
    • Average Multi-family Price PSF up 5.78% from LY Q2 numbers
    • Buyer Profile: 31.38% Local, 2.81% Front Range, 64.54% Out-of-State, 1.28% International

Garfield County – Ski Areas: Sunlight Mountain

    • Median Residential Price up 18.17% from LY Q3 numbers
    • Average Residential Price up 17.41% from LY Q3 numbers
    • Average Residential Price PSF up 13.41% from LY Q3 numbers
    • Multi-family Average Price PSF up 26.17% from LY Q3 numbers
    • Buyer Profile: 84.65% local, 3.24% Front Range, 12.11% Out-of-State, 0% international

Grand County – Ski Areas: Winter Park

    • Median Residential Price up 6.52% from LY Q3 numbers
    • Average Residential Price up 8.27% from LY Q3 numbers
    • Average Residential Price PSF up 12.08% from LY Q3 numbers
    • Multi-family Average Price PSF up 3.18% from LY Q2 numbers
    • Buyer Profile: 25.48% local, 55.95% Front Range, 18.45% Out-of-State, .12% international

Pitkin County – Ski Areas: Aspen Mountain, Snowmass

    • Median Residential Price up 13.69% from LY Q3 numbers
    • Average Residential Price PSF up 10.9% from LY Q3 numbers
    • Average Multi-Family Price PSF up 8.09% from LY Q3 Numbers
    • Average Residential Price up 17.63% from LY Q23 numbers
    • Buyer Profile: 56.47% local, 2.06% Front Range, 39.40% Out-of-State, 2.06% international

Routt County – Ski Areas: Howelsen Hill, Steamboat

    • Median Residential Price up 11.39% from LY Q3 numbers
    • Average Residential Price up 7.57% from LY Q3 numbers
    • Average Residential Price PSF up 18.4% from LY Q3 numbers
    • Multi-family Average Price PSF up 4.43% from LY Q3 numbers
  • Buyer Profile: 44.91% local, 16.07% Front Range, 38.42%   Out-of-State, .60% International

Eagle County – Ski Areas: The Vail, Beaver Creek, Cooper Hill

    • Median Residential Price up 6.49% from LY Q3 numbers
    • Multi-family Average Price PSF up 3.65% from LY Q3 numbers
    • Average Residential Price up 4.56% from LY Q3 numbers
    • Average Residential Price PSF up 13.99% from LY Q3 numbers
    • Buyer Profile: 53.87% local, 14.06% front range, 29.78% Out-of-State, 2.29% international

Summit County – Ski Areas: Breckenridge, Copper Mountain, Arapahoe Basin, Keystone

    • Median Residential Price up 6.58% from LY Q3 numbers
    • Average Residential Price up 3.12% from LY Q3 numbers
    • Average Residential Price PSF up 2.3% from LY Q3 numbers
    • Average Multi-family Price PSF up 4.31% from LY Q2 numbers
  • Buyer Profile: 25.48% local, 41.54% Front Range, 31.92% Out-of-State, 1.06% International

Mike Shimkonis

After growing up surfing in Florida, Mike Shimkonis decided to give higher ground a try and settled in Colorado over 25 years ago, first in Vail, then moving to Telluride in 1993. Prior to working with Telluride Properties, he was a senior sales and marketing executive for the Vail and Telluride ski companies.

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