It is no sercret that the success of Vail Resorts is highly dependent on snow conditions, and the rocky start to the 2012 ski season was reflected in the early season's financial report. However, despite these hardships, Vail Resorts' latest financial report shows gains in the ski season metrics through Sunday compared to the same time last year. Though the challenging early season has set the company back in terms of following the financial guidance it put in place in September.
Skier visits are up 2% while revenues from lift tickets, ski school, dining and retail were up double digits from last year. Even with the early season setback, the report shows that once the more typical winter conditions returned in mid-December, visitation and guest spending increased--especially during the holidays.
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According to Land Title Guarantee Company , Eagle County passed the $1 billion dollar mark in sales in November 2011. This is the 14th year since 1996 that the county has passed the $1 billion dollar mark with the exception of 2009. There were 121 sales in November that totaled $124.8 million. The majority of the transactions were down valley in Eagle and Gypsum. Lower priced homes made up the majority of the sales; with 71% of the sales being under $1 million dollars.
The largest price per square foot home was in Vail's Solaris Residences. The Vail Golf Course was the area with the highest average sales price; $6.2 million over two transactions. One of those sales was a newly built home which sold for $9.25 million which was the highest priced transaction in all of Eagle County for the month of November. There were nine transactions over $4 million in the month of November which was the most transactions in this category in any month in 2011.