Last month, RealtyTrac once again came out with a list of the Best Ski Resort Towns for Real Estate Investing. This year, the list looks at 18 ski towns (most of them smaller or lesser known) and 7 different criteria for determining where snow lovers should invest. The list considers factors like distance from the nearest airport, median home prices, the annual home price appreciation, and the quality of nearby skiing. And locally, we were oh so pleased to see that Truckee made the list for the second year in a row.
At first glance many high priced ski towns may not seem like no-brainer real estate investments, but for certain investors they might make sense, especially in a market like Truckee that still has a lot of potential for growth. Options here still range from widely available buildable lots in brand new developments like Grays Crossing, opportunities to fix-and-flip, in established neighborhoods like Tahoe Donner or the standard buy-and-hold strategy for the solid deals that are still coming to market. Factor in Truckee’s neighboring crystal clear alpine Lake Tahoe, and it’s year-round recreational opportunities like boating, biking and golf into the “best of” algorithm and it’s fair to say that the formula reveals a winter AND summer slam dunk.
Why settle for Best Ski Resort Town, when you can have Best All Around?
Click Here to Check out RealtyTrac's full list.