Belleayre Conditions

Yep…city folk buying stuff up left and right. And they’re driving the prices up….

My small town, town of Rochester, median home sale price is now $567,000, before the pandemic it was $305,000. Kerhonkson is now “Kerhamptons”
 
City folk may be spending more of their income in rural areas, but I've seen no evidence that city folk are more responsible for inflation than rural folk.

With regard to real estate, there is no doubt about it. Demand has been up. Another part of inflation is labor supply. The shortage of labor is also driving up prices.

Last year, my builder (Adk not Cats) told me, prospective customers were offering $50k on top of the (very high/sq ft) bid to get their jobs moved to the top of the list. Now he is telling me that in the last 30-60 days the cost of lumber has dropped quite a bit. For me personally, I hope that continues.
 
Belle #11, yesterday. Rode 7 & 8 most of the day. 8 was flakey and down a few times. Whales everywhere on the Overlook side. Pretty quiet crowd wise as has already been said, temps maybe?
 
High interest rates, a bear market, a crypto winter, and a general cost of living increase. There's a lot less money sloshing around. The question is will people who already bought in the mountains try and sell? The two couples who I know that rent in the city and bought in the Cats have no plans to unload
 
With regard to real estate, there is no doubt about. Demand has been up. Another part of inflation is labor supply. The shortage is also driving up prices.
Absolutely. And the demand is mostly from people migrating north because it’s only an hour and a half/2 from the city. With the flexible WFH options they are spending less or no time in the city and more time north. Same thing happened after 9/11, this is similar. I don’t know about inflation overall per se, but city crowd is absolutely driving the price of real estate up.


Anyway, another pretty decent day at the Belle today. Just came in for a break. They groomed out Wanatuska, Mohawk and belleayre run that they were making snow on yesterday. Guns on lower cathedral for the first time, nice and velvety. Continued light crowds, lift 6 has been ski on pretty much all morning, half a corral at the gondola when I was down there around 10…walk right on in the singles line.
 
Didn’t get out to Belle’ today heading to Jiminy instead for some night skiing. Got a little bored working last night so checked websites for open terrain at most of the major resorts in the east. Belleayre Killington and Pico the only 3 close to 100%. Sugarbush around 75%. Okemo around 50% and pretty much everyone else 40% and below including Stowe, Jay, Smuggs, Sunday River and Sugarloaf. Wildcat is almost criminal with something like 25%.
 
Not too bad today, once again had to get it before it gets worse. High of about 50 with what I would call full sun for most of the day. Morning was fun grippy mostly firm, afternoon was softer and the light went flat on most trails around 2pm. Crowds were typical for holiday week, parked in lot H and rode the gondola most of the day, passes didn't work at first and we had to get new ones printed. Guest services and the lifities told us blackout dates on season passes have been an issue this year. Spring temps are appreciated, I just wish it came with the light crowds.
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I didn't realize they added snowmaking to Lower Cathedral Brook. They didn't market that at all. Are there any snowmaking trails they haven't hit yet?
 
Yes good day today. I thought the crowds were pretty light for holiday week. Yesterday was busier. Great weather today.

Lower Cathedral snowmaking is new this year. It opened for the first time yesterday with snowmaking with a soft gun powder surface. Today it firmed up pretty good.
 
Yep…city folk buying stuff up left and right. And they’re driving the prices up….

My small town, town of Rochester, median home sale price is now $567,000, before the pandemic it was $305,000. Kerhonkson is now “Kerhamptons”
 
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