The top ten locations with the highest ultra-prime prices are largely unchanged from 2023, though there has been some jostling for places among the resorts. Aspen remains the top location for ultra-prime pricing, with average prices at nearly €85,000 per square metre. The market has been booming in recent years as domestic and global ultra-high-net-worth individuals choose the Colorado resort as their winter base.

Swiss resorts account for nearly half of the top 10 resorts, with the highest ultra-prime pricing. Verbier is the highest-ranked Swiss ski resort by ultra-prime pricing, with an average asking price per square metre of €45,000; however, in resorts such as Gstaad and other locations across Switzerland, the most desirable properties can transact without ever coming to market. These off-market transactions can see pricing from €40,000 per square metre to over €75,000 per square metre, well above the listed prices for ultra-prime properties.

French ski resorts comprise more than a third of the Ultra-Prime Price League, with Val d’Isère and Courchevel 1850 seeing the highest ultra-prime prices. In both resorts, average asking prices per square metre for the highest-end properties often exceed €40,000/m².

Vail, which claimed second place in the ultra-prime rankings in 2023, has fallen to fourth place in this year’s update with an average ultra-prime asking price of €43,000 per square metre. High interest rates for the standard 30-year fixed-rate mortgage in the US have brought the overall housing market to a crawl, even at the less mortgage-reliant prime and ultra-prime residential markets.

If you’re considering a move, whether buying, selling or renting, our team would be delighted to assist with your ski property enquiries.

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