Residential Real Estate in Ski Areas Surging

Good day readers,

Interesting results from Trulia today regarding the popularity of residential real estate in ski resort markets. Crested Butte doesn’t show in any results because Trulia does not support or track search data for our market – yet.

Thanks for reading,

Channing Boucher
Visit Crested-Butte-Real-Estate.com

Residential Real Estate Searches Surge in Ski Resort Locations According to Trulia Trends Report

Wednesday February 14, 9:00 am ET
SAN FRANCISCO, Feb. 14 /PRNewswire/ — Trulia.com, America’s intuitive residential real estate search engine, today released the findings of the February 2007 Trulia Trends report. According to Trulia’s search data, Breckenridge, CO, Park City, UT and Aspen, CO are the ski resort locations that proved most popular with home shoppers nationwide.
Read the complete report online at: http://www.trulia.com/resources/Trulia_Trends_Report-February_2007.pdf
"For February’s report, we took a look at ski resort locations — which are particularly important to many home buyers during the winter season. Our data shows that during the past six months, search traffic for ski resort locations has grown at twice the rate for all searches over the same period.  Given this seasonal uptrend in real estate activity, our search data indicates that July might be the best time to purchase a home in the snow," said Pete Flint, CEO of Trulia. "This gradual increase in activity for ski regions was balanced by a surge in January 2007 of searches focused on the southeastern U.S., suggesting that shoppers are shifting their attentions to warmer geographies or perhaps contemplating the purchase of a second home."
Additional report findings:     
* The typical search: The representative U.S. home shopper on Trulia is looking for a 2,075 square-foot single-family home with 3.2 bedrooms and  2.2 baths at a cost of $479,254.
* Second-home shopping season: Seaside communities in locations as diverse       as New Jersey and Florida were popular with home shoppers in January.    

* Old is new again? Resale properties in Phoenix and neighboring Gilbert, AZ experienced list price appreciation above 5%, despite competition from extensive new development in these regions.    

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