This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Places to Buy Ski Houses on the Slopes

Stocks in this article: AXP Z

BOSTON ( MainStreet) -- Ski season has vacationers searching ski-in/ski-out winter hideaways, but the savvy ski bums with stellar credit can call their slope-side apres ski spots home this season.

About three in 10 Americans are hitting the road this holiday season, according to the American Express (AXP) Spending and Savings Tracker, and spending more than $200 per person doing so. If they had an extra $500 to throw around, however, 19% of respondents told American Express that they'd put it toward having an outdoor adventure during their holiday trip, and 4% mentioned skiing specifically.

Those dreamers and travelers would only add to the accumulating demand the ski industry's experienced since the recession. After U.S. ski resorts saw skier and snowboarder numbers take a double-diamond slide from 60.5 million during the 2007-08 season to 57.4 million a year later, the industry saw a record 60.5 million people hit the trails last season, according to the National Ski Areas Association. That helped increase the ski industry's revenue 8.5% last year, to $2.4 billion, according to IBISWorld, and pushed the number of ski resorts in the U.S. from 471 in 2009-10 to 486 last season.

If skiers and snowboarders want a more permanent address than the local lodge or vacation cabin, however, now might be the time to make that happen in America's more popular ski spots. The Rocky Mountains account for more than one-third of all U.S. skiing and snowboarding after packing 20.9 million people onto the slopes last year. That's up from the 19.97 million who showed up at the height of the recession in 2008-09 but is still inching up to the Rockies' pre-recession peak of 21.3 million the season before.

Concurrently, the median home price in the West has dropped 3.1% since September 2010 and went off a cliff from $312,300 in 2008 to just $259,300 in September, according to the National Association of Realtors. Those fortunes vary from trail to trail, however, as Boulder, Colo., saw housing prices rise 5.1% during the same span and has an average median home price more than $10,000 higher than 2008 levels. Denver home prices, meanwhile, flattened out within the past year but are nearly $20,000 higher than they were pre-recession.

If a skier's credit is purer than fresh powder, Freddie Mac notes that a 3.94% rate on a 30-year fixed-rate mortgage awaits out West this week. Those dreaming of getting a downhill to themselves at dawn, however, may place a bit more of a premium on ski-in/ski-out access. With that at stake, we consulted with the folks at real estate sites Zillow (Z) and Trulia, aimed for the top of the mountain and found five ski towns where properties with prime access and amenities await:

1 of 6

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs