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Sandpoint, Idaho is a popular vacation destination located on the shores of Lake Pend Oreille. The area is known for its stunning natural beauty, outdoor recreation opportunities, and vibrant downtown. As a result, the short-term rental market in Sandpoint has seen significant growth in recent years, with many homeowners and investors offering vacation rentals to meet the demand from visitors.
The Sandpoint short-term rental market is characterized by a mix of waterfront properties, luxury homes, and condos located near the Schweitzer Mountain ski resort. Vacation rentals in Sandpoint cater to a variety of travelers, from families seeking a lakeside getaway to outdoor enthusiasts looking to explore the region's hiking, biking, and water sports.
According to data from Comparent, the average daily rate (ADR) for vacation rentals in Sandpoint is $350, with an occupancy rate of 65%. This translates to an average annual revenue of $65,000 per property. However, top-performing vacation rental managers in Sandpoint can achieve ADRs of $450 or more and occupancy rates of 75% or higher, resulting in annual revenues exceeding $100,000 per property.
On popular vacation rental platforms like Airbnb and VRBO, Sandpoint properties have seen strong performance. The average Airbnb listing in Sandpoint has a rating of 4.8 out of 5 stars, with an occupancy rate of 70%. On VRBO, Sandpoint properties have an average rating of 4.7 out of 5 stars and an occupancy rate of 68%. These metrics demonstrate the high demand and positive guest experiences in the Sandpoint short-term rental market.
The Sandpoint property management market is highly competitive, with several established players vying for a share of the lucrative vacation rental market. Some of the key players in the Sandpoint rental market include:
Daugherty Management is the premier provider of luxury vacation rentals in Sandpoint, offering a wide range of properties from waterfront estates to ski-in/ski-out condos. With a focus on exceptional customer service and property management, Daugherty Management has become a market leader in the Sandpoint area.
Stay Sandpoint is another prominent vacation rental management company in the area, offering a diverse portfolio of properties, including downtown condos, family-friendly homes, and pet-friendly rentals. Stay Sandpoint is known for its attention to detail and commitment to providing a seamless guest experience.
Sandpoint Rentals is a locally-owned and operated property management company that specializes in vacation rentals in the Sandpoint area. With a focus on personalized service and local expertise, Sandpoint Rentals has built a loyal following among both property owners and guests.
Point Property Management is a full-service property management company that offers vacation rental services in Sandpoint and the surrounding region. With a team of experienced professionals, Point Property Management provides comprehensive management solutions for property owners.
Lake to Mountain is a vacation rental management company that operates in the Sandpoint area, as well as the nearby Lake Mountain region. With a diverse portfolio of properties and a commitment to guest satisfaction, Lake to Mountain has established itself as a competitive player in the local market.
These are just a few of the key players in the Sandpoint property management market, which is characterized by a high level of competition and a focus on providing exceptional service to both property owners and guests. As the demand for vacation rentals in Sandpoint continues to grow, the competition among property management companies is likely to intensify, with a focus on differentiating through unique property offerings, innovative marketing strategies, and superior guest experiences.