Ellicottville Rental Market Q1 Review
Welcome to our review of Q1 2025 rental performance in Ellicottville. Because our project largely consists of larger ski chalets, we are focusing on 4 bedrooms, 5 bedrooms and 6+ bedrooms in this report. However, the charts show the performance for smaller units for those that are interested.
Overall, Q1 was very strong! All three months showed gains across the board. The highlight was March with increases of 23.4% and 23.6% for 5 bedrooms and 6+ bedrooms respectively.
If you are interested in learning more about the project or the Ellicottville rental market in general, you can schedule a call with our President here.
Ellicottville Rental Market Performance January 2025 vs January 2024
Average revenue was up in January on the back of great ski conditions.
Average rental income for 6+ bedrooms was up, but largely flat year on year in January. Revenue rose slightly from $12.7k in January 2024 to $12.9k in 2025. That represented a 1.57% increase year on year.
5 bedroom properties showed a bigger increase - from $9.1k in 2024 to $10.7k in 2025. That represented an increase of 17.6% year on year.
4 bedroom properties were up 13% year on year from $6.9k to $7.8k
Ellicottville Rental Market Performance February 2025 vs February 2024
February was strong across the board. 6+ bedrooms rose increased from $11.6k to $13.5k. This was an increase of 16.4%
In a change from the previous month, this time 5 bedroom properties rose less than 6+ bedroom properties. They still increased, but by a lesser amount. Average revenue rose from $11k in February 2024 to $11.7k in February 2025, an increase of 6.4%
4 bedroom homes increased from $7.4k to $8.4k, an increase of 13.5%
Ellicottville Rental Market Performance March 2025 vs March 2024
March was also up. For 6+ bedrooms, revenue increased from $6.8k to $8.2k, a whopping 20.6%
Gains for 5 bedroom homes were up even more. Average revenue was $5.8k in March 2025 vs $4.7k in March 2024 - a 23.4%
4 bedroom homes increased a little less. They were up from $4.2k in March 2024 to $4.3k in March 2025, an increase of 2.4%
All in all, a very positive Q1 for rentals in Ellicottville. There’s no doubt that the great winter weather helped, but this should also help next year’s advance bookings. Q2 is typically the least busy month in Ellicottville, but there’s always something to do.
Less than a week after the skiing closed at Holiday Valley, the golf course opened! And Holimont is still going strong! They are reporting an average based depth of 22-33 inches! For both resorts, mountain biking will be opening shortly. It’s always a great time to be in Ellicottville!