NEW SKIS & SNOWBOARDS FOR THE HOLIDAY?

Something very new, skis and boards that can “change physical performance characteristics on demand.” So say Verispellis Skis + Snowboards Inc. check out the article as found in Yahoo Finance. The magic happens with “digital electronics and metallurgical technology. The shape shifting skis and snowboards allow them to change in response to the temperature ups and downs.” Nitinol is the material that allows this to happen.

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HV & 7S AVERAGE SALES PRICES

Sellers and Buyers may want to see these numbers! Sellers, to see how much the prices have jumped. Buyers, to see where the may be able to afford a mountain get away! Number of bedrooms was used for the category and data was pulled and compared from 2021 through October 2022. Remember there are still a few weeks left for the numbers to be totally even but you will see the differences!

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HV Market Update OCT 2022

As months go October had a good showing of sales. However if you remove the 4 new construction sales in the Summit the number isn’t as impressive…. Take a look at what the numbers are telling us.

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7S MARKET UPDATE OCT 2022

The lack of listing inventory continues to produce very low sales. Come see what the numbers are telling us and where the real estate resort market may be heading…

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WHO REALLY OWNS THE SKI RESORTS

Here’s an interesting article found in

Visit houselogic.com for more articles like this.

© Copyright 2022 NATIONAL ASSOCIATION OF REALTORS®

“> SNOW BRAINS showing who owns the ski resorts. According to the write up “473 ski areas in the United States operated during the 2022-23 season.” And corporations own about 22% of them.

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Contingent Versus Under Contract

Here’s a short video that recaps the Oct real estate market. In the process explaining the differences between “contingent” and “under agreement” status within the Vail Resort Hidden Valley and Seven Springs resort markets.

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Seven Springs Market Update SEPT 2022

It’s the Jan through Sept real estate market update with insights into where the market is at Vail Resort Seven Sprigs so far. Selling or buying you really need to be working with a agent as listings that come into the market are being sold within days! Take a look and catch up!

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Hidden Valley Market Update SEPT 2022

It’s the Jan through Sept real estate market update with insights into where the market is at Vail Resort Hidden Valley so far. Selling or buying you really need to be working with a agent as listings that come into the market are being sold within days! Take a look and catch up!

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Vail says YOUR PHONE WILL BE YOUR TICKET TO THE SLOPES

Imagine not having to find a place on your gear to attach your pass so that it doesn’t hit you in the face, get tangled in something, or misplacing it somewhere! From Vail Daily comes, “Vail Resorts announced Wednesday its plans for a future without physical lift tickets and passes with new technology that will allow guests to store their pass or lift ticket directly on their phone.” Good to know (according to the story) that they will still issue plastic cards IF requested.

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7S Market Update AUG 2022

Listing inventory or better said lack of listing inventory has kept this years sales down compared to 2021. All markets change and this one will too.. Check out the numbers!

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HV Market Update AUG 2022

Listing inventory remains at all time lows with multiple buyers in line for the next offerings. Interest rates continue to inch up but how many buyers will it curtail… Check out the August numbers!

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Real Estate Taxes Bump Up at VAIL Resorts 7S and HV

Properties in Hidden Valley sit in Jefferson Township and at Seven Springs Middlecreek Township. Both have seen their millage rates go up this year, Hidden Valley/Jefferson Twp to 64.64 and Seven Springs/Middlecreek Twp to 36.99. The Somerset County Real Estate Search will help YOU figure out your new property tax amount. There’s a box that asks you to “CLICK HERE TO CONTINUE REAL ESTATE SEARCH.” A new page will open and fill in your last name and municipality click the search button. New page opens then find your name (may be more than one Miller) and click the link. Scroll down to the bottom left and click on “View Property Tax Calculator.” If you get lost, catch up and I’ll help:)

2022 NEW MILLAGE
2022Millage

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7S, HV, Laurel Mtn Resorts and Climate Change

From Pittsburgh Magazine comes an article discussing snow or the lack of it and how to keep and maintain it during the upcoming ski season. Some of the changes, opening days will not be when the weather allows, lift tickets will be limited, and extended hours of operation.

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HV, 7S, Laurel Mtn Resorts Ski Schedule Announced

Straight from the Vail Resorts Press Release Days and hours are in the link. NOTE that all 3 sales systems are NOW CASHLESS OPERATIONS!

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7S MARKET UPDATE JULY 2022

Bring your check book with you if you are considering buying at Seven Springs! Take a look at the market update and you’ll see why…

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HV MARKET UPDATE JULY 2022

Listings are still gone within days of hitting the market. Buyers have very few properties to select from, take a look at the results from July.

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PA 1031 Like Kind Exchanges

For years, PA was the only state NOT Fully recognizing the 1031 Like Kind Exchange. For years, our PA Association of REALTORS have lobbied the PA General Assembly to incorporate the Federal Tax Code 1031 into the PA Tax Code. On July 8 the Governor signed House Bill 1134 which is now Act 53 of 2022. It takes effect the beginning of 2023.

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WHAT DOES THE FUTURE RESORT MARKET HOLD?

Hmmm Over my 40 some years in the Laurel Highlands resort markets I have collected a ton of data. I’ve also survived 20% interest rates, sales of both resorts, a great recession, bank failures, and Democrat and Republican governance. From these experiences I have ONE crucial thought for seller’s and their bottom line, listen to the end!

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7S MARKET UPDATE JUNE & 1st HALF 2022

We are beginning see changes in the market place. Will the 2nd half bring in more listing inventory? Check out the market and the numbers for June and the first half of 2022.

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HV MARKET UPDATE JUNE & 1st HALF 2022

First half numbers are in and low listing inventory produces low sales. Check out the market and the numbers!

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7S Market Update MAY 2022

Check out the real estate market update for Seven Springs! This monthly summary of what’s happening at Vail’s newest resorts will keep you in the know!

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7S Market Update APRIL 2022

I can remember the markets where we had over 100 listings and they would sit for a year or two! Times have changed and now listing inventory is almost non existent, buyers are waiting for properties, and many sellers are sitting on a ton of home equity! See what’s up with the April market!

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HV MARKET UPDATE APRIL 2022

Same story, very low listing inventory, buyers waiting for properties, and sellers sitting on a boat load of home equity! Check out the April market report!

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All information deemed reliable but not guaranteed. Copyright 2022.



© ©2022 BHHS Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.