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Vail Resorts Inc. Message Board

  • longboat_2000 longboat_2000 Jul 6, 2008 10:13 PM Flag

    Summit County RE Listings Way Up

    The MLS shows 3,430 listings, a big increase from the prior year. It has become a buyer's market, imo. MTN is trying to sell into this market. Demographics matter and clearly they are targeting the upper end of the market, including foreigners whose currency has appreciated relative to the dollar, e.g., euro, but this can't be helpful. Any local views on the state of the Summit County real estate market and what this means for MTN?

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    • Listings are plentiful and there is some volume. But in general, everything is just slow. Prices seem to be holding, unless you want out now. MTN has a huge condo project underway at Breck, many new lifts at the other resorts. My guess is that MTN will not fare well if real estate remains sloooow and the economy stays weak.

 
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