According to the "Ski Report" published by Savills for the eighteenth time this year, on average, across the Savills Ski Prime Price League table of the top twenty resorts, prices for prime residential property fell by approximately -4% for the year. However, this fall is from record levels, after prices rose more than 20% in the 2021/22 season. While down slightly from their 2022 highs, values remain on average 20% above 2021 levels and 41% above pre-pandemic prices.
Taking first place in the Savills Ski Prime Price League is Aspen, consistently ranked as the top ski destination in the United States. Asking prices for prime residential property average over €35,000per sq m (approx. 853 000 CZK/sq m), up by 2.3% from 2022. The Colorado town also tops theSavills ultra-prime ski destinations rankings as well as the Savills Ski Resilience Index. TheFrench ski resort Val d’Isère moves from a fourth to the second place with average prime prices of €27,700 per sq m (approx. 675000 CZK/sq m).
Top 20 prime ski resorts - source Savills
- Aspen, USA, Colorado
- Val d’Isère, France
- Verbier, Switzerland
- Vail, USA, Colorado
- Courchevel 1850, France
- St Moritz,Switzerland
- Lech,Austria
- Zermatt,Switzerland
- Gstaad,Switzerland
- Andermatt,Switzerland
- Flims (Laax),Switzerland
- Klosters,Switzerland
- Meribel, France
- Grindelwald,Switzerland
- Davos,Switzerland
- Megève, France
- Cortina d’Ampezzo, Italy
- Whistler Blackcomb, Canada
- Mayrhofen,Austria
- Kitzbühel, Austria
Jeremy Rollason, head of Savills Ski, says:“Val d’Isère has the highest potential for capital appreciation this coming year. The market is hugely undersupplied and iscompletely open to foreign buyers. It’s one to watch inthe year ahead.” TheFrench ski resort Courchevel 1850 has edged up therankings from 7th to5thplace. High demand has boosted prime prices by over 15% over the last year and average asking prices now stand at€26,500 per sq m (approx. 646000 CZK/sq m). The only Italian ski resort to make the top twenty is Cortina D’Ampezzo intheDolomites. Hosting the Winter Olympics in 2026, the town has seen prices increase by 6% year on year. The Canadian ski resort Whistler Blackcomb has jumped from 37th place into 18th. Renowned and celebrated for its vast terrain, this ski resort, thelargest inNorth America, is known for its reliable snowfall and facilities.
„When it comes to the very top tier ofproperties in the most sought after resorts, which includes about 5% of the most expensive properties in each of the evaluated ski destinations, Aspen’s ultra-prime property is priced at €83,500 per sqm on average, some 43% more expensive than Vail in second place,“ says Lenka Pechová, Senior Research Analyst atSavills. „Swiss locations account for half of the ultra-prime destinations, with Verbier seeing price growth of 27% compared to 2022. Forsome locations, such as Gstaad, the most desirable properties often transact without ever coming to market. These off-market transactions can achieve prices of up to €75,000 per sq m, well above listed prices,“ adds Lenka Pechová.
Climate change remains a significant factor affecting ski markets. Resorts are increasingly investing in snowmaking technology to ensure consistent cover, but uncertainty over future natural snow and ski conditions means destinations at higher elevations may have an advantage in coming years. The Savills Ski Resilience Index, now in its sixth year, ranks 62 ski resorts using five metrics todetermine the quality and reliability of their conditions and their ability to cope with climate challenges.
“Last season saw unpredictable weather resulting in low snowfall in some locations and record-breaking levels in others. Asaconsequence, we have seen more jostling for position than in previous years”, says Kelcie Sellers, associate, Savills World Research. Two US resorts in Colorado claim the top spots for the year, with high levels of snowfall last year propelling Aspen and Vail ahead of perennial number one, Zermatt, which comes third in this year’s index. Sustainability is a key concern for the ski industry and resorts are under pressure toadopt even more environmentally responsible practices, from reducing energy consumption topromoting eco-friendly transportation options, such as the Ski Train in Europe. Looking ahead, those ski markets that can effectively communicate, and demonstrate, their commitment tosustainability may also have a competitive edge.
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FAQs
Aspen is an expensive city to live in and visit. The average home value in Aspen is $3.47 million, according to figures from Zillow. According to OptimosTravel, visitors should expect to spend roughly $761.39 per day while in town.
Is Aspen expensive to ski? ›
In 2023, the ski outlet SnowBrains named Aspen the most expensive ski town in the US. Each winter, celebrities flock to the town to show off designer ski gear on the town's snowy slopes. I joined them in December 2021 and gained a taste of the town's lavish lifestyle.
What ski resort town is named the most expensive? ›
After crunching the numbers, it found that Aspen, Colorado, is the most expensive of all.
Where is the most expensive place to ski? ›
Aspen named the most expensive ski resort; the price of residences reaches up to CZK 2 million per sq m
- Aspen, USA, Colorado.
- Val d'Isère, France.
- Verbier, Switzerland.
- Vail, USA, Colorado.
- Courchevel 1850, France.
- St Moritz, Switzerland.
- Lech, Austria.
- Zermatt, Switzerland.
The Little Nell is one of the few Five-Star, Five-Diamond hotels in Colorado, and the only ski-in, ski-out hotel on Aspen Mountain.
Why is Aspen housing so expensive? ›
“The remarkable growth in transactions for residences valued at $30 million and more in Aspen is a result of limited inventory and stringent building constraints, fueling a resilient luxury real estate sector,” Heather Sinclair of The Agency said in an email.
Is Aspen for the wealthy? ›
As the town grapples with the evolving dynamics of its exclusive inhabitants, Aspen's billionaires continue to shape the narrative of this mountain paradise. In the rarefied air of affluence and influence, Aspen remains an unparalleled destination for the world's wealthiest to carve out their own piece of paradise.
Why is Aspen so famous? ›
Rooted deep in the Elk mountains this ex-mining mining town has evolved from a silver producing powerhouse into a skier's paradise. The Nearby Maroon Bells showcase the ruggedness of area while the town hosts world-class dining and accommodations; the combination gives Aspen its renowned reputation.
Can you go to Aspen if you don't ski? ›
We've got you covered with off-slope opportunities for recreation and entertainment at Aspen Snowmass, whether you prefer an on-mountain adventure minus the skiing, or a cultural excursion in town.
Where do billionaires ski in the US? ›
With its high-end resorts, designer shops, and famous visitors, it's no wonder that Aspen has gained a reputation as one of the wealthiest ski towns in the world. Celebrities and wealthy individuals flock to this picturesque town for its world-class skiing and upscale amenities.
Kim Kardahian on ski vacation at Buttermilk mountain in Aspen. Khloe Kardahian on ski vacation at Buttermilk mountain in Aspen.
Which is better, Aspen or Vail? ›
Atmosphere: Aspen is known for upscale luxury and attracts a celebrity clientele, while Vail is a more family-friendly destination. Crowd Levels: Vail's easier access can mean larger crowds, especially during peak season, while Aspen's relative remoteness leads to fewer crowds and shorter lift lines.
Where do rich people go to ski in Switzerland? ›
Switzerland Best Luxury Ski resorts
| Resort | Resort luxuries |
|---|
| Zermatt | Gorgeous alpine village, Matterhorn views, luxury chalets & hotels, gourmet restaurants |
| Verbier | Huge luxury chalets & 5* W hotel, extravagant apres ski |
| Klosters | Low key luxury, incredible skiing, Royal's favourite |
7 more rowsAspen, Colorado, USA
Aspen is perhaps the most famous celebrity ski destination in the United States. It offers world-class skiing, upscale accommodations, and a vibrant apres-ski scene that attracts many Hollywood stars.
Does Bill Gates ski? ›
Exclusive Private Ski Resort That Includes Bill Gates and Justin Timberlake As Members Using Purified Wastewater For Snowmaking. The Yellowstone Club is a private ski resort that counts Bill Gates and Justin Timberlake as members.
Is Aspen or Denver more expensive? ›
Which place is cheaper, Denver or Aspen? The average daily cost (per person) in Aspen is $293, while the average daily cost in Denver is $218.
Is Aspen more expensive than New York? ›
The average daily cost (per person) in New York City is $326, while the average daily cost in Aspen is $293. These costs include accommodation (assuming double occupancy, so the traveler is sharing the room), food, transportation, and entertainment.
Is Aspen more expensive than Vail? ›
Aspen and Vail are two of Colorado's priciest ski resorts, but Aspen is slightly more expensive for most things than Vail, with less budget friendly options. The town of Aspen has a high-end, luxurious reputation to live up to after all.
