![]() What I do know is that it was a hellacious drive to get there from my house in MD and at least for me HV/7S makes more sense and enables doable weekend trips such that I could actually use and keep an eye on whatever I would buy) (Full disclosuere: other than skiing Snowshow a few times, I know zero about their market. While over 450 total listings on MLS!! That is insane. Per separate DCSki thread on SnowShoe, snow.buck had commented that there 5 other 3BR/2BA units in his Summit complex under $99K, and no offers on any. Note this is NOT a knock at HV, or in any way unique. Sure there are differences between newer ski in/out vs older units, but chances are that as a seller, there will be directly comparables for sale within the same complex. Of the 119 properties in HV, 93 are townhouse/condos! Other than price, there is not allot of room for differentiation if you are a condo seller. I suspect that there are many would be sellers waiting for things to "improve". With 119 properties listed, what this means is that at the current rate it would take well over 2 years to clean out the existing listings, and that's not taking into account new listings. According to Abe and Wags (the on-site realtor at HV), there were 5 properties sold in the resort in Nov, and about 43 YTD thru end of Nov. (7S is a harder to isolate as a zip code) Bottom line is that there there an extraordinary amount for sale in just this one general area. Then just a few miles away is 7S with more for sale. There are a several properties in the resort as well that fall into Somerset zip code, and then there are things available in the area surrounding the resort. A search on shows 119 properties for sale in Hidden Valley alone! This is just within the resort itself (Zip 15502). Here are a few interesting facts and my experiences to share re HV and 7S: So is anyone out there looking to buy or is everyone more comfortable with $ in 0% yield bank accounts? Which is it? Certainly bank rates are low. On one hand the recent turn around in some of the primary markets could mean that we are now at dead bottom with 2nd homes( which typically lag the primary market) and can expect a turn around on the way.so a great ime to buy! Or it could mean that there is still a long way to go and that you are buying into an illiquid asset for some time to come. My experience has been primarily with Seven Springs/Hidden Valley, so I can speak mostly to that, although I have casually looked at Wisp as well. The question is if this is a great time to be buying? The headlines in the paper talk about a housing turn around, but to what to degree does this say about the 2nd home/resort market in the midatlantic? There are likely similarities at all the area "destination resorts" including SnowShoe, Seven Springs, Hidden Valley, WISP, CV/Timberline, Massanutten, etc, but there are also local differences to consider as well. Thought I would start this thread to solicit opinions regarding the area ski real estate market, and share some findings I have experienced recently.
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