Visitors and skiers are in town, the shops are busy and the restaurants are full. The new snow and sunshine has everybody’s spirits up and in a Christmas mood. From my own observations and from speaking with my fellow agents, our visitors are once again looking at real estate. All reports that I have received are that open houses have been busy with people seriously looking to purchase.
The upcoming auction of 8 condos at the Silver Strike Lodge in Empire Pass at Deer Valley is creating quite a buzz around town. Silver Strike has been advertising in the New York Times and the Wall Street Journal so most of our visitors have heard about it and are very curious as to what is going on. It talking with clients of mine who may potentially be bidding, we all feel that the 8 units will sell during this auction but will sell for lower prices then what the listing agent/developer/auction company are hoping for. As a result of the auction I have seen some sellers in Empire Pass dramatically reduce their prices significantly below their original purchase price. This is making for some excellent opportunities to pick up a ski-in/ski-out vacation condo at very favorable prices. I think that this next week and a half will be very telling for how real estate business is going to be this winter.
Sunny and I wish you the merriest of Christmas’s and a happy and very prosperous 2010….THINK SNOW!!
