Today Barons Magazine rates Sun Valley, Idaho as one of the countries best places for second homes.
Market trends indicate the real estate rebound is firmly in place. The rich customer base has dusted themselves off and have resumed some serious discretionary spending. The market trends for luxury vacation properties, the greatest indulgence of all, are back, baby.
Prices for the winners of Baron’s top places have rebounded, dramatically in some cases. The time may well have come for you to jump into the market. I think I might have mentioned this a while ago in my post back in December called Pigs Get Fat, Hogs Get Slaughtered. Check it out.
Some of our elite company included Maui, The Hamptons, Martha’s Vineyard, Deer Valley, Palm Beach and Pebble Beach. A nice crowd.
Here’s what they had to say about Sun Valley:
“If you happen to be a media mogul, you already know about this place thanks to the annual high octane confabs put on by Allen and Company.”
“The skiing, of course, is world renowned.” “The resort is credited with introducing the first chairlift.”
“The area has long been a sparsely populated haven for celebrities and titans of industry. Tom Hanks and Demi Moore are just two of the stars who hide out in the valley.”
“Now after more than 30 years the owners of the ski resort are finally developing a near mountain luxury community, White Clouds, replete with golf, hiking and a cross-country ski center. No homes have been built yet, but 29 lots are on sale for roughly $1.5 million to $3 million.”