The resort real estate market across the country is growing at an amazing pace, fueled by the hard-earned wealth of the baby boomer generation and their desire to reward themselves and their families with a lifestyle investment.  For busy families and professionals, leisure time and recreation are at a premium and significant motivators in the purchase of a vacation home in a resort destination.

 

The growing demand for second homes and the limitations of time are driving forces in the popularity of a variety of ownership alternatives in the marketplace today.  In resort destinations around the world fractional ownership, private residence clubs and destination club developments are gaining popularity because they better accommodate the individual needs of those seeking the vacation home experience.  These new concepts are designed to enhance the purchasing power of the consumer by providing a variety of usage models that match the users time and ability to visit the resort. 

 

While no single alternative can fit the needs of every second homeowner, each of these alternatives offer unique benefits that fit the needs of a particular segment in the growing market.  Consumers today have begun to take a close look at all of their available options before making purchase decisions on their vacation home.  Websites such as www.heliumreport.com have been developed to provide insights and information on many of the alternatives available in the marketplace today.

 

The 70’s were the glory years for the ski industry and the popularity of the sport produced the industry’s first construction boom.  By the early 80’s, the local real estate market was over-supplied and as economic times began to tighten construction activity virtually ceased for nearly a decade.  As the 90’s rolled around the market began showing signs of recovery and since that time growing consumer demand for vacation homes has produced unprecedented growth in commercial development of residential property in Grand County. 

 

People have discovered the beauty of Grand County!  From the Winter Park Resort to beyond Granby, large-scale development projects dot the landscape.  The cumulative density of the major developments planned will add thousands of homes and condominiums to the valley in the next 15 years.  These developments mean plenty of options and opportunities for new buyers and those wishing to trade-up from their existing Grand County property.  One thing is certain though; the surging demand for luxury vacation homes has also begun to dramatically drive up the cost of real estate prices in the Fraser Valley, reducing the purchasing power for all buyers.