Ski markets across US Mountain West endure in significant lifestyle migration trend

March 18, 2026

Resort communities continue to lead one of the most significant lifestyle migrations seen currently in real estate. Image credit: Majestic Realty Collective

By Luxury Marketer Intelligence

It has been a period of continued resilience across resort markets in the U.S. Mountain West following several years of unprecedented growth.

In 2025, more than $24 billion in total real estate volume was sold, with homes averaging 90 days on market – an increase of approximately 5 percent year over year as buyers took a more measured approach. Across these resort regions, the average sold price climbed to $1.8 million, per the latest 2026 Resort Report from Majestic Realty Collective covering ski markets across the Mountain West.

“Resort communities continue to lead one of the most significant lifestyle migrations we’re seeing in real estate today,” said Thomas Wright, president and chief operating officer of Majestic Realty Collective, in a statement.

Comparing market data and intelligence across the global Sotheby’s International Realty network, the report provides a comprehensive look at real estate trends across 19 top ski and resort destinations throughout the Mountain West, including Park City, Deer Valley, Aspen, Crested Butte, Jackson Hole, Lake Tahoe, Sun Valley, Telluride and Vail. Also added was a new international feature on the Dolomites of Italy as well as information on global ski passes and their associated locations.

Majestic Realty Collective operates premier Sotheby's International Realty brokerages throughout the Western United States, including California, Colorado, Utah, Idaho and Nevada. In 2025, the Park City, Utah-based Collective closed more than $14.4 billion in sales, making it the largest Sotheby's International Realty affiliate by sales volume globally.

Here are some key takeaways from the report:

California and Nevada: Luxury sales peaked in South Lake Tahoe in June 2025 with more than $95 million in sales volume in less than 30 days. Properties in North Lake Tahoe with no price adjustments sold four times faster than those with at least one price adjustment.

Colorado: Markets such as Aspen and Snowmass continue to lead the ultra-luxury segment, with average single-family home prices topping $17 million in Aspen. Limited inventory and continued demand from high-net-worth buyers continue to support strong pricing across the region.

Idaho: New construction is a key driver in Sandpoint with nearly 40 percent increases in sales from 2024. Sun Valley has driven significant growth with 188 active listings as of January 2026 and Idaho ranking among the fastest growing states.

Montana: Inventory remains limited in Big Sky while inventory in Whitefish has increased, causing buyers to take more time in home-buying decisions.

New Mexico: In Santa Fe, the market is on track to see an 11 percent increase in active listings, providing more options to buyers.

Utah: Resort communities continue to demonstrate strong demand, particularly in the Greater Park City area. The average sold price increased more than 24 percent year over year to approximately $2.53 million, while total sales volume rose more than 26 percent, reflecting continued buyer confidence in the region.

Wyoming: Jackson Hole saw record high-end sales activity as the median home sale price rose 25 percent and properties listed at $5 million or more generated nearly two-thirds of total market dollar volume.

EVEN AS TRANSACTION volumes fluctuate from market to market, the report notes that the long-term fundamentals supporting resort real estate remain strong.

Continued infrastructure investment, evolving resort amenities and the enduring appeal of mountain living continue to attract buyers seeking both lifestyle and long-term value.

“Ski and mountain properties consistently demonstrate enduring value because they represent far more than housing,” Mr. Wright said. “They represent a way of life.”

Please click or tap here to access the 2026 Resort Report

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