October 20, 2006
The overall trend, however, is a cool down. “Real estate is slowing in a very significant manner,” said Stuart Gabriel, the director of the University of Southern California’s Lusk Center for Real Estate. “The larger trends that we are seeing do translate into second homes and investment properties in resort areas.”
But a cool down at resorts hasn’t put a halt on development, at least not yet. For buyers in search of new construction, there are more choices and more amenities. Once-sleepy little ski resort towns, including Crested Butte, Colo., and Truckee, Calif., 15 miles north of Lake Tahoe, are getting polished liftside ski villages with high-end shopping, restaurants and condos.