| ski_resort_real_estate_market_analysis.pdf | |
| File Size: | 158 kb |
| File Type: | |
The file embedded above is a brief analysis conducted by Goldman Sachs for their top tier clients. It provides basic information like skiable acreage and vertical rise, but it also goes into depth on home and condo sales from 2006 - 2008, particularly those that sold for over $3M. The resorts included in this analysis are Telluride, Vail, Beaver Creek, Aspen/Snowmass, Deer Valley, Jackson Hole and Sun Valley.
Telluride and other Rocky Mountain resorts bounce back from a recessionary period sooner than the rest of the economy because of these key reasons: extremely limited supply, access to public lands, natural beauty and healthy lifestyles, almost non-existent crime rates. Smart money interested in asset preservation finds its way to markets like Telluride. Goldman Sachs prepares reports like this for their clients who are seeking to diversify their portfolio or their lifestyle...or both.
One note on Goldman Sachs in closing...the firm received $10B in federal aid last fall and they are ready to pay the entire amount back within weeks. News like that is what's commonly referred to as "a light at the end of the tunnel".
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