Blog

Power Markets

By Ramon Gomez, Jr.
Mar 14, 2018

We are pleased to share that in celebration of the 10th anniversary of the Epic Pass, Vail Resorts and Vail's founders from the 10th Mountain Division, the company is honoring epic service of the and men and women of the U.S. Armed Forces (as well as Canadian and Australian military service members) with the introduction of a special new $99 Military Epic Pass, available beginning Tuesday, March 6. It is for both active and retried military, and it is a deal that is simply unbeatable in skiing and ski travel. Additionally, for every pass sold, a $1 donation will be made to Wounded Warrior Project® (WWP), a nonprofit organization that offers a variety of programs, services and events for wounded veterans of the military. Click here to read the entire article from Forbes.

Business Insider recently published America's richest people buy homes in 'power markets' — listed in the article are the 17 most expensive and exclusive places and Park City proper comes in at #6. The report defines power markets in the US as places where the top 5% of single-family home sales by price is highest. In the top 17 markets, the median list price for the top 5% of sales is at least $3.5 million. For each city, the median list price for the top 5% of homes currently on the market, the highest sold price from 2017, and the median price per square foot for that market compile the numbers. Park City has a Median list price: $6.97 million, Highest sold price (2017): $11.4 million and the Median price per square foot: $780. But, don't be let theses numbers sway you if you are looking to buy here as the greater Park City area has a variety of condos, homes and land available at a wide range of prices.

Ladders recently shared the states where the economy is strong and opportunities are growing - Looking for a new job? You may want to consider moving to a different state. The U.S. News & World Report’s Best States just released their annual rankings that measures how well states’ economies are performing. They looked at 77 metrics across eight categories, provided by McKinsey & Company’s Leading States Index, including economic status. Data points that fell under the economy growth umbrella include: Job growth, Growth of each state’s GDP between 2013 and 2016, Business environment (monthly birth rate for new businesses), Unemployment rate, Participation in labor force for everyone 16 and older, Number of people moving in and out of a state was taken into account, Tax burden, The number of top company headquarters per capita, Venture capital disbursed, Entrepreneurship (“business birth rate”) and Patent creation. If you are currently on either coast, consider heading towards the middle of the country as Colorado and Utah took the top spots, while Idaho and Texas made it into the Top 10 too.

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