Posts Tagged Ski season
YTD 2013 Starts Stronger Than 2012
Welcome to my March Bachelor Gulch Market Update. 2013 has started out a little stronger than 2012. We’ve had 5 sales year-to-date versus 4 last year. We also have 4 properties under contract versus only 2 last year.
The other graph shows the number of listings in Bachelor Gulch. We have been hovering in the 20 to 30 listings range for the past year. Typically we peak in the ski season but we didn’t see much increase this year.
Our other indicators are essentially flat. The average $/SF sales price is hovering in the $750/SF to $790/SF range.
The difference between final list price and sales price remains a little over 10%, an indicator our list prices are probably still a little too high.
One positive indicator is days on market. We have seen the average time a listing spends on the market drop from around 300 days to 200 days over the past year. That is about where we were at our peak.
The Beaver Creek 2010-2010 ski season ended last Sunday. I thoroughly enjoyed the season. I was able to get on the mountain over 70 days and, according to Epicmix, skied over 1,000,000 vertical feet. I taught 30 days and skied with some wonderful guests. I met one family from Puerto Rico who told me I had “made their fantasies come true” when we said our goodbyes. It is experiences like that one that keep me coming back to ski teaching.
So what were some of my observations?
- Guests returning to the slopes. I don’t know what the final numbers were but we had a lot of guests on the mountain.
- People seemed to be more optimistic about the future.
- My skiing improved significantly even though I continue to get older.
- Snow. We had tons of the white stuff. A great snow season.
- New ski school uniforms for next season.
- I skied a season relatively injury free.
- Prices continue to increase. I started to get some pushback on pricing levels, particularly the $710 we charge for a full day private lesson.
- Vail Resorts has an incredible staff of dedicated employees.
- Vail Resorts does a great job marketing the resort.
- Vail Resorts needs to do a better job working with their employees. I believe the key to great customer service starts with talented and engaged employees who are treated with dignity, trust, and respect.
- People are skiing and riding faster than ever.
- Skiing with and coaching the men of the Bachelor Gulch Club was a real treat.
- My 30 days teaching skiing were a delight.
- Vail Resorts can do a better job creating a world-class guest experience and it starts with the unfriendly ticketing system.
- Skiing is still a wonderful family sport.
- Advances in equipment are changing the sport for the better.
- I still have a passion for skiing.
Enough for now. I am looking forward to some warm days but before we know it, it will be ski season again.