2025 Resort Report
Resort real estate markets across the Western United States remain strong, with year-over-year sales price and sales volume increases driven by demand for access to open space and year-round outdoor recreation.
In 2024, sold prices throughout the 17 resort communities profiled in this report rose by an average of 11.12%. Snowmass Village, Colorado recorded the highest jump in average sold price at 39.6%, followed by Big Sky, Montana at 22.3% and Telluride, Colorado at 22.0%.
Total dollar volume sold increased in 15 of these 17 resort markets, with several regions posting significant gains. Snowmass Village, Colorado led the way with a 62.9% surge in sales volume, followed by Big Sky, Montana with a 53.3% increase and South Lake Tahoe, California/Nevada with a 19.0% rise.
Notable top sales across the Mountain West in 2024 include Aspen, Colorado ringing in at $108 million, Park City, Utah at $65 million and North Lake Tahoe, California/Nevada at $62 million. Sotheby’s International Realty (SIR) real estate advisors secured several top sales in multiple resort markets, reinforcing their leadership in the luxury space.
Santa Fe SIR represented the highest priced property of 2024 in that market at $7.25 million. In Crested Butte, LIV SIR closed the highest sale in Gunnison County, Colorado for $8.15 million and in Summit County, Colorado for $10.9 million. Glacier SIR had the highest sold price in Whitefish, Montana at $15 million.
The annual Sotheby’s International Realty Resort Report provides analysis for the markets of Aspen, Beaver Creek, Breckenridge, Crested Butte, Snowmass Village, Steamboat Springs, Telluride, Vail and Winter Park in Colorado; Park City, Utah; Sandpoint and Sun Valley, Idaho; Jackson Hole, Wyoming; Big Sky and Whitefish, Montana; North and South lake Tahoe, California/Nevada; and Santa Fe, New Mexico.
