Sotheby’s 2022 Resort Report gives insight into Mountain West market

The Resort Report breaks down metrics from the Mountain West, including total days on market, average sales price, and price per square foot. Photo: Sotheby’s International Realty.

PARK CITY, Utah –The 2022 Resort Report from Sotheby’s International Realty is here. The anticipated report is a lifestyle and real estate data guide comparing ski and mountain communities throughout the Mountain West from 2020 to 2021. In collaboration with LIV Sotheby’s International Realty and leading partner affiliates throughout the Mountain West, the report explores data from Vail to Aspen, Park City to Lake Tahoe, Whitefish to Jackson Hole, and beyond.

Real estate markets made consistent headlines throughout 2021 due to growing demand paired with low-standing property inventory. The Resort Report breaks down metrics, including total days on market, average sales price, and price per square foot. The results of this report are clear – the word is out on the incomparable lifestyle that the Mountain West provides, and buyers from major metro markets are seeking properties that offer adventure, access to outdoor activities, and a sense of community.

Because of the connected network of Sotheby’s International Realty, this report has become one of the most widely read and distributed market data reports in the United States. No matter the location, lifestyle, or real estate need, this network, powered by innovation, heritage, and results, delivers luxury experiences, timely market commentary, and property resources like no other. We hope you enjoy the 2022 Resort Report and find this guide valuable as you assess property in our one-of-a-kind ski and mountain resort location.

A glance at Sotheby’s International Realty’s big-picture statistics shows the Mountain West total volume sold in 2021 was $27,591,586,218. The average sold price of properties in 2021 was $1,827,464, a 15.53% increase from 2020. To further break that figure down, the average sold price per square foot last year was $837, a 25% increase from 2020. Lastly, homes spent an average of 90 days on market, a 34% decrease from 2020.

The 2022 Resort Report offers a more in-depth look into each mountain resort location’s statistics from 2020 to 2021 with commentary from Summit Sotheby’s International Realty and LIV Sotheby’s International Realty team members and experts.

To receive our suite of market report guides, including the 2022 Luxury Outlook, Utah Annual Report, or Quarterly Report, please connect with us at any Summit Sotheby’s International Realty office or through your trusted real estate professional.