Click here to close now.




















Welcome!

News Feed Item

RealtyTrac Ranks Best Ski Towns for Real Estate Investing

Nine Metrics Including Median Prices, Rental Yields and Foreclosure Rates Analyzed Top Towns in Montana, Colorado, California, Wyoming, Oregon, Utah, New Mexico

IRVINE, CA -- (Marketwired) -- 01/16/14 -- RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released a report identifying the nation's best ski resort towns for real estate investing, which ranks 19 towns with high-quality ski resorts based on the health of the local housing market and opportunity to acquire profitable investment homes.

To create the rankings, RealtyTrac identified all towns with a population of at least 2,500 that had at least one ski resort that ranked in the top 50 of the 182 ski resorts ranked by ZRankings (as featured in Forbes) for "Pure Awesomeness Factor" in terms of the quality of the skiing and snowboarding experience. We ended up with 19 towns on that list, and we then ranked those towns based on their combined ranking for the PAF along with eight real estate-related factors: distance from closest airport, unemployment rate, median list price of a residential property, foreclosure inventory percent of all housing units, rental vacancy rate, gross yield on a rental property, 2013 foreclosure rate, and percent change in foreclosure rate from 2010.

"Most buyers consider the purchase of ski resort real estate a lifestyle investment and Park City certainly delivers as an amazing year-round destination with three world-class ski resorts in town as well as 11 other ski areas nearby," said Steve Roney, President of Prudential Utah Real Estate, covering the Salt Lake City and Park City, Utah, markets. "The area also offers a charming historic district and countless summer activities, all within 30 minutes of Salt Lake City's hospitals, universities, and most importantly, a major international airport. These factors also make Park City real estate a fantastic financial investment as indicated by demand and increased recent sales activity compared to other ski destinations, and although prices have stabilized they haven't increased significantly making now a great time to invest."

"The Lake Tahoe Basin is home to more than 15 ski resorts and more than 300 days of sunshine a year, and is split between California and Nevada with Nevada having a very favorable tax climate for investors," said Craig King, COO of Chase International, covering the Reno, Nev., and Lake Tahoe markets. "Supply is historically low causing values to hold and appreciate and the rental market is very strong and a great way to recoup investor's holding costs while the market appreciates."

Whitefish, Mont., led the way thanks to No. rankings for three of the eight real estate-related factors: it had the lowest median list price of any of the 19 towns, the lowest rental vacancy rate, and the biggest drop in foreclosure rate between the peak foreclosure year of 2010 and 2013.

The remaining top 5 towns were boosted by ski resorts that all rated among the top 11 nationwide for their PAF -- Truckee, Calif., with the Squaw Valley ski resort at No. 5 for PAF; Vail. Colo., with the Vail Ski Resort at No. 6 for PAF; Avon, Colo., with the Beaver Creek Resort at No. 11 for PAF; and Jackson, Wyo., with the Jackson Hole ski resort at No. 1 for PAF -- along with solid real estate metrics.

Other towns with high-rated ski resorts ranked lower for real estate investing for a variety of factors, including high unemployment rate, high median prices for housing, high rental vacancy rate and low gross rental yield.

Attached are the towns, listed in order of their ranking from first to last. The full dataset used in the analysis is available upon request.

About RealtyTrac Inc.
RealtyTrac (www.realtytrac.com) is the nation's leading source of comprehensive housing data, with more than 1.5 million active default, foreclosure auction and bank-owned properties, and more than 1 million active for-sale listings on its website, which also provides essential housing information for more than 100 million homes nationwide. This information includes property characteristics, tax assessor records, bankruptcy status and sales history, along with 20 categories of key housing-related facts provided by RealtyTrac's wholly-owned subsidiary, Homefacts®. RealtyTrac's foreclosure reports and other housing data are relied on by the Federal Reserve, U.S. Treasury Department, HUD, numerous state housing and banking departments, investment funds as well as millions of real estate professionals and consumers, to help evaluate housing trends and make informed decisions about real estate.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2497885

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
While many app developers are comfortable building apps for the smartphone, there is a whole new world out there. In his session at @ThingsExpo, Narayan Sainaney, Co-founder and CTO of Mojio, will discuss how the business case for connected car apps is growing and, with open platform companies having already done the heavy lifting, there really is no barrier to entry.
To assist customers with legacy Windows Server 2003 that is no longer supported by Microsoft, Racemi has introduced fixed price packages for upgrading and migrating Windows Server 2003 servers to either Windows 2008 R2 or Windows 2012 R2 and the choice of Amazon Web Services (AWS) or SoftLayer cloud. "We're extending a lifeline by upgrading the legacy servers to more modern Windows Server platforms while taking advantage of cloud computing," said James Strayer, vice president of product managem...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Learn what is going on, contribute to the discussions, and e...
As more intelligent IoT applications shift into gear, they’re merging into the ever-increasing traffic flow of the Internet. It won’t be long before we experience bottlenecks, as IoT traffic peaks during rush hours. Organizations that are unprepared will find themselves by the side of the road unable to cross back into the fast lane. As billions of new devices begin to communicate and exchange data – will your infrastructure be scalable enough to handle this new interconnected world?
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...