Resort Report
2026 YEAR IN REVIEW
The Mountain West market is seeing a shift towards normalization and long-term confidence. After years of rapid acceleration, conditions across many resort communities have shifted toward balance. Buyers are more measured, inventory has improved in select markets and strategic pricing has re-emerged as a defining factor in transaction velocity. Homes positioned correctly are moving, while aspirational pricing is being tested.
Luxury demand remains a consistent throughline. Trophy properties, ski-in/ski-out residences and architecturally distinct homes continue to command attention, reinforcing that scarcity and location still drive premium value. In several destinations, high-end activity is shaping overall market performance, even as broader segments settle into a more sustainable pace.
Infrastructure investment, resort expansion and new development are influencing buyer confidence across the region. From transformative mountain expansions to increased accessibility and evolving tax environments, the case for long-term value continues to build.
Across all markets represented, one theme is clear: the Mountain West remains a globally relevant lifestyle destination. Constrained supply, year-round recreation and enduring brand strength continue to anchor value, placing these resort communities alongside the world’s leading alpine markets.
The annual LIV Sotheby’s International Realty Resort Report provides analysis for the markets of Aspen, Beaver Creek, Breckenridge, Crested Butte, Snowmass Village, Steamboat Springs, Telluride, Vail and Winter Park in Colorado; Park City, Utah;
Sandpoint and Sun Valley, Idaho; Jackson Hole, Wyoming; Big Sky and Whitefish, Montana; North and South lake Tahoe, California/Nevada; and Santa Fe, New Mexico.
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