Archives: February 2015

EPR Properties Acquires Assets Of Wintergreen Resort ~ Pacific Group Resorts to lease and operate Wintergreen

Wintergreen Resort has been sold to EPR Properties and Pacific Group Resorts has been tapped to operate the resort.  EPR is a publicly traded company (ticker symbol EPR) with market capitalization of $3.9B.  Pacific Group Resorts also owns Ragged Mountain in New Hampshire, and worked in concert with EPR to acquire Wisp Resort in Western Maryland in 2012.   PGRI (an affiliate of Pacific Group) has a broad base of experience in mountain resort operations and in the master planning and development of ski resorts.  Pacific Group Resorts (PGRI) now operates three ski and snowboard resorts and four golf courses, and senior management of the company has a combined 60 years of executive or ownership experience in the industry.  Follow the link below for the complete press release.

The sale of the Resort will create a healthier and more robust real estate market for 2015 and beyond.  There are many buyers who have been waiting for clarity on the Resort’s future before stepping into the real estate market.

Interested in a Wintergreen Vacation Home?

If you want a place of your own to experience everything that Wintergreen Resort has to offer, we can find it for you. We have vacation homes in the Blue Ridge Mountain community for every taste and fun for every season – golf course homesski front condos, walk to ski condos, and many more. Contact us and let the Chase Team, the source for all of your Wintergreen real estate needs, help you find your piece of paradise.  I’m calling it Wintergreen 3.0!

Until next time,

Brian

 

Presidents’ Day Weekend at Wintergreen Resort

Looking for Things to Do This Presidents’ Day Weekend?

Celebrate the long weekend with a getaway to the Blue Ridge Mountains! Wintergreen Resort is hosting a variety of indoor and outdoor entertainment possibilities this Presidents’ Day Weekend. February often has some of the best conditions all season, so take advantage of the great skiing, snowboarding and tubing opportunities. Spend the day on the slopes, and unwind at night with live music at The Edge.

Live Entertainment At Wintergreen February 13-15

Live Music at The EdgeDJ Mixing Up The Tunes

Saturday & Sunday, 9am-5:30pm

Get hyped for a day on the slopes! Or relax with some tunes as you wrap up your day. Wintergreen’s energetic DJ will be spinning tunes on the snow outside of the rental shop all weekend. See you there!


Reggae with Greg Ward

The Edge| Saturday, 3-6pm

Take a break from the slopes and spend a fun, relaxing afternoon at The Edge. Replenish with a scrumptious late lunch or early dinner, and let Greg Ward soothe your soul with his smooth reggae sounds.

Southern Company

The Edge | Friday & Saturday, 9:30pm-close

Jam out with hits from Led Zeppelin to Johnny Cash and Jason Aldean to Journey, and everything in between. Southern Company is a seasoned group of 5 musicians whose variety of genres will have music lovers of all kinds on their feet. Spend an energetic evening at The Edge with spectacular views of the mountain. There’s even a late night food menu!

Fun On The Slopes This Weekend

Skiing and Snowboarding at Wintergreen ResortFreestyle Demo Day

Top of Acorn | Saturday & Sunday, 9am

Head to the top of Acorn to show off your best freestyle moves! This weekend will be an exciting showcase of freestyle skills from some of the best skiiers and snowboarders around.

NASTAR

Eagles Swoop | Saturday, 12-2pm

Short for NAtional STAndard Race, NASTAR is the world’s largest recreational ski and snowboard race program. Compete and compare your scores with friends and family regardless of where you race! NASTAR’s standardized scoring program is representative of the ability of each participant. You can even qualify for the national championships. 

Rail Jam (Event 3 of 5)

Terrain Park | Saturday, 5pm

The third of five Rail Jams throughout the season will be an exciting day of freestyle skiing and snowboarding. Show off your skills on the slopes – registration is $25, and prizes are awarded for each individual event. Compete in three out of five events to qualify for the grand prize!

Valid lift ticket required, register at Snowsports School Desk 3:30-4:40 pm.

Women’s Ski Clinic

Friday, 9am-2pm

Improve your skills in a comfortable setting! Wintergreen’s clinic is geared to women and instruction is provided by expert, patient PSIA instructors who want you to love the slopes as much as they do.

The clinic is $135 – lunch and instruction included, lift ticket and rental equipment are not.

Interested in a Wintergreen Vacation Home?

If you want a place of your own to experience everything that Wintergreen Resort has to offer, we can find it for you. We have vacation homes in the Blue Ridge Mountain community for every taste and fun for every season – golf course homesski front condos, walk to ski condos, and many more. Contact us and let the Chase Team, the source for all of your Wintergreen real estate needs, help you find your piece of paradise!

If you’re considering selling your Wintergreen property, find out the value of your property and list with the Chase Team for the results you want.

Until next time,

Brian

New US Home Sales and New Housing Starts See Major Surge

ConstructionRegardless of whether you’re navigating the new home sales market or the new construction market, you’ve likely heard some great news over the last few weeks.

That’s because both sectors of the national housing market have made gains recently, according to media reports.

If you’re planning on entering the market anytime soon as a buyer or seller, we recommend you continue reading to learn more about the latest trends on the housing market.

A Closer Look at US Single-Family Housing Starts

According to a recent Reuters article, groundbreaking for U.S. single-family homes increased to its highest level in more than 6 years in December.

Experts say that this, coupled with a huge jump in permits, hints at a recovering housing market.

Here’s what national data revealed about single-family housing starts:

  • Single-family housing starts jumped 7.2 percent to a seasonally adjusted annual pace of 728,000-units.
  • That figure is the highest level it’s been since March 2008.
  • The jump in housing starts offset a 0.8 percent fall in groundbreaking for the multi-family homes segment.
  • These two factors combined lifted overall housing starts 4.4 percent to a 1.09 million-unit rate last month.
  • It should be noted that Wall Street had forecast starts rising to a 1.04 million-unit pace.
  • For all of 2014, groundbreaking increased 8.8 percent to 1.01 million units, the highest since 2007.
  • Single-family housing starts in 2014 were also the highest in seven years.
  • Single-family permits increased 4.5 percent to their highest level since January 2008.

Equally Positive Signs Seen on for New Home Sales

Meanwhile, sales of new homes also showed signs of growth in recent months.

Here’s what Reuters recently reported about this subsection of the market:

  • Sales increased 11.6 percent to a seasonally adjusted annual rate of 481,000 units.
  • New home sales, which make up roughly 8 percent of the housing market, saw a total of 435,000 homes sold compared with 429,000 in 2013.

We’ll Help You Become an Informed Buyer or Seller

We truly believe that the more informed buyers and sellers are about the local housing market, the more likely they are to enjoy a successful outcome on the market.

That’s why we bring you pertinent information about the housing market every month.

Check back here soon for even more information about the current state of the housing market and how it may affect you.