Snow has been recorded as the worst in the last sixty years. It has adversely affected the sales of several resorts. With Telluride joining Vails Epic Pass and KSI/Aspen rolling out the Ikon pass to its rival Vail resorts, it is going to have a negative impact on investments made in Colorado mountain towns. So, if you are thinking of making any investment in Colorado, then learn about some of the best investment options for Colorado ski town in the year 2018.
What are the major changes observed in Ski Industry?
In the past few years, there have been seen several purchases and mergers that are involving various Colorado ski resorts. These changes are going to have a substantial impact on the entire real estate in their respective markets. Look for KSI to put substantial money in Steamboat and Winterpark over the next few years. In the entire country, especially Colorado, the big are becoming bigger and smaller players are no longer to survive.
Why is location considered to be the key for investment?
In any mountain town or ski town, location is considered to be key to success in the entire Telluride area real estate. Values and rates of appreciation are different in all these markets. By looking at the real estate in these mountain towns, you can understand the submarkets properly that are driving values as all these areas are not equal.
Top Colorado ski town investments
This market has been rated as the hot investment avenue after the news of Aspen/KSI buying Steamboat became viral. Steamboat is a distinctive market that is expanding exponentially in the summer season. It is undervalued as compared to Vail and so it is very much attractive to buyers all around the world. This market will continue to grow nicely as supply is inexistent and demand will go on increasing.
Durango is located at the south of Purgatory. It is a well-educated progressive mountain town. This city has done a commendable job in reviving the downtown core with hotels, bars, etc. It is an outdoor mecca that has consistently ranked in several reports and was also listed in outside magazine as the best outdoor playgrounds in the whole US.
These are some of the best picks that have performed really well in the year 2017. There is a high possibility that they will continue that streak in 2018 as well.