Summit Sotheby's International Realty Releases Resort Market Report

1436805653PARK CITY, UT - The famous Rock Mountains, combined with the vast offerings of the western United States continue to position the United States as one of the leading resorts community destinations worldwide, and with the increasing desire for lifestyle-inspired homes purchases; the resort community market will continue to rise. Resort Communities throughout the western United States and around the world are prone to unique, heavily saturated luxury markets. Often found in desirable, slightly less accessible locations than national mainstream markets, resort markets tend to have a greater density of luxury offerings as higher net worth individuals are often drawn to them based on their exclusivity and proximity to world class activities year round. Seasonality, location, and employment opportunities drive the inventory of affordable homes down and most pricing within the resort communities up.

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