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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm trying to buy a condo in one of the small mountain times and completely priced out. It's so frustrating. You would think it would be impossible for the market to go up this much. 3 identical condos sold for 400-600k this fall. Now they are on the market for 900-1mil. Two different units! You would think with everything going on some of the resort towns would cool a lot. This is really just a dream. As most of you know it doesn't really make sense financially to buy a ski condo with the fees and high price compared to the rental market (we plan to airbnb). Anyone else dealing with this in resort towns right now. You would think with everything going on with the market and Europe things would have cooled a bit, not doubled in 3 months. 
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100% my experience OP.

[b]We bought vacation home #1 in 2020 Colonial Beach, VA it's gone up at least 100% in value (but we also put 100K into it)[/b]

We started looking for ski vacation home #2 in September 2021. Bid on 5 or 6 houses, outbid on everything. Typically houses were going for 30% over list price. Then no inventory. Looking from Bryce, Ski Liberty and less so in Massanutten. We finally went under contract just outside of Charles Town WV. Not a ski town, but lots of outdoors activities.[/quote]

I made this similar comment a couple of months ago about our main residence that we also purchased in 2020, and got absolutely slammed for it. No one believed that our home had jumped in value that much in just one year's time.  Anyhow PP - good for you. Mazel.[/quote]

I think it's shocking to me too. I think the prices are going up so fast you don't see it until the final sale number posts.
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