Welcome to 42 Degrees North Resort
Welcome to 42 Degrees North, Ellicottville.
An exclusive yet friendly vacation real estate development of just 24 hand crafted luxury homes set in 144 forested acres and featuring the highest summit in Ellicottville. 42 Degrees North is the Natural Choice for anyone looking for seclusion (guaranteed by average lot sizes of over 5 acres) without isolation (the ski hills, fine dining, bustling night life and shopping of Ellicottville are less than a 5 minute drive away).
Brought to you by an award winning development team, 42 Degrees North is proud to be a part of the Ellicottville real estate scene, but also to bring something new and exciting to the Ellicottville resort experience. As a master planned development, 42 Degrees Offers large lot sizes alongside communal facilities. Over 8 acres has been set aside as a communal area to feature a swimming pool, tennis courts and a planned central clubhouse. A network of hiking trails will traverse the property, transforming in to cross country ski trails in the winter.
A closely guarded secret by those that know and love it, Ellicottville was dubbed the “Aspen of the East” by Lowell Thomas and was more recently referred to by the New York Times as “The Ski Town that Aspen Used To Be Like.” Either way, Ellicottville is a true ski town with excellent restaurants, craft breweries and bars where you can dance the night away! Of course, to be a ski town, you have to have great skiing and Ellicottville has that in abundance. While it might not match Aspen’s vertical, Ellicottville does boast two fabulous hills in Holimont and Holiday Valley. Ellicottville real estate is also much more affordable than its western couterpart. Holimont is North America’s biggest private ski club (members only Friday to Sunday, but open to the public during the week) and Holiday Valley, a public ski hill that is consistently ranked among the top 5 Best in the East by Ski Magazine. You can thank Lake Erie and its lake effect for the very respectable 180 inches that is Ellicottville’s Average Snowfall.
Born as a ski town, Ellicottville is increasingly becoming a four seasons destination. As the snow melts on the pistes of Holiday Valley, the fairways come in to view. The Double Black Diamond is probably the best known golf course in Ellicottville, but the area boasts a number of fine courses such as Elkdale, Springville and Ischua Valley. The mountain coaster at Holiday Valley offers thrills (and hopefully no spills!), National Geographic named Ellicottville one of America’s top adventure towns and, for the International Mountain Biking Association, Ellicottville is “epic”. The surrounding area offers fabulous fishing, boating and even white water rafting. Ellicottville boasts a year round schedule of festivals, headlined by the Fall Festival. The Fall Festival corresponds with Canadian Thanksgiving and is a wonderful combination of live music, good food and, of course, the stunning autumnal colours.
Ellicottville Real Estate
The Ellicottville Real Estate market is obviously highly focused around vacation properties. From ski chalets, to townhomes to condos, there is a wide variety to choose from. Holiday Valley is consistently ranked as one of the Top 10 ski resorts in the East. Holimont is North America’s largest ski club. Between them, they attract visitors from all over Eastern North America. Pittsburgh, Cleveland, Buffalo and all of Southern Ontario are the largest catchment areas. It is estimated that as much as 40% of Ellicottville properties are owned by Canadians.
Everyone who visits Ellicottville dreams of owning their own piece of Ellicottville Real Estate. But it’s not always practical or possible. Fortunately, there are a number of rental options. Sites such as Airbnb and VRBO have made it much easier for Ellicottville home owners to rent their properties and for visitors to find rentals. In turn, the ability to generate rental income has made owning real estate in Ellicottville more affordable for those that are willing to rent their properties. Increasingly, people are even looking at vacation property as an investment. In peak season, nightly rental rates can top $1000. Of course, it’s not easy to give up those dates!
The Impact of the Canadian Dollar on Ellicottville Real Estate
It is estimated that Canadians own up to 40% of Ellicottville Real Estate. As such, it is no surprise that the strength of the Canadian Dollar plays a major role in the Ellicottville Real Estate market. Over the last 25 years, the Canadian to US exchange has averaged around 80 cents. This figure was distorted somewhat, however, by the period immediately after the financial crisis. The Canadian banks were far less affected than their US counterpart. As a result, the Canadian dollar soared above parity. This is unusual, however, and for the last 5 years, the rate has remained relatively consistently around 75 cents.
Get in Touch!
With all that Ellicottville and 42 Degrees North has to offer, what are you waiting for? We look forward to welcoming you to our town our resort and sharing with you the Ellicottville real estate scene. We have homes for sale starting from $389,000 on a 5 acre lot. Call us at +1 647 702 1570 or email us at firstname.lastname@example.org to learn more or to schedule an appointment.