Dream or nightmare of the real estate broker: no inventory here either

A private home is under construction on Monday in the Merrill Hill piste development at the Sunday River ski resort in Newry. Russ Dillingham/Sun Journal

NEWRY – Every year the Sunday River Ski Resort area and surrounding areas attract more and more people looking to buy or build their dream home. Most are from Massachusetts, according to Sunday River Real Estate’s designated broker, Julia Young. Others come from Rhode Island, New Hampshire and Maine.

Young describes the real estate market in the greater Bethel area as healthy, due to the strong pull of Sunday River. The only problem is that there just isn’t a lot of inventory and the price of what is available has skyrocketed.

For example, out of just under 800 condominium units on the mountain, two are on sale this week. A typical chalet-style home that sold for around $380,000 costs $480,000. When they hit the market, they don’t last long, Young confirmed, especially units with direct access to the ski slopes.

She knows the market and her clients well and they are a different kind of real estate buyer. For most of them, buying or building a house in the region is a holiday or second home and they can afford it. Some decide to move full-time to the area and a few have opened businesses in the community.

It’s a boon to the area and is reflected in how the Bethel Area Chamber of Commerce describes the area: small but wonderful and walkable town with everything you need and nothing you don’t.”

Sunday River Golf Club is one of the amenities that attract visitors to Newry resort. Christopher Wheelock/Sun Diary

“We grow in a sustainable way and respond to the needs of our visitors,” said Young. “I think the increased access to vacation rentals beyond our quaint inns and bed and breakfasts draws people to our community year-round, not just in the winter. Summer is a great time to visit Bethel and Sunday River with hiking, boating, mountain biking and our weekend events attract people from all over the country.

The Sunday River resort has thousands of acres of undeveloped land and is considering expanding what it calls the Western Reserve, one of the reasons it is installing a revolutionary 8-person chairlift to service the peaks Jordan and Oz Bowl.

Resort general manager Brian Heon said he was impressed with the view every day. “The views are great, there aren’t many other ski areas in all of New England that can offer that. It’s the closest thing to being in the West.

When it comes to vacation homes in a ski resort, check out and access the highest price. So, with such a tight inventory, Sunday River responded by offering 23 lots on top of a peak between the base area of ​​South Ridge and Aurora Peak. The lots are approximately two acres each. Only nine remain available, and prices range from $500,000 to $1 million. The development will be served by a new chairlift, which is being installed this year, meaning people can ski out of their homes in the morning and return by chairlift at the end of the day.

Young added that the Bethel area offers a wide range of properties to suit everyone’s desires and budgets beyond Sunday River, and she and her team service a 30-mile radius around the resort. She pointed out that Bethel is truly thriving, allowing new businesses to open and stay open, which is critical to supporting the region’s growth.

One of the private homes being built on Monday is framed by one of several giant ski bridges at the Merrill Hill Mountain Top Ski Home development at Sunday River in Newry. Russ Dillingham/Sun Journal

Use the form below to reset your password. After you submit your account email, we’ll send you an email with a reset code.

” Previous

Next ”

filed under: