Market Update – Happy Friday!

MARKET UPDATE:
Over the past week we’ve seen 55 properties come on the market, 32 close, and 31 go under contract.

Of note:
ACTIVE:
-Fantasically priced home in what has turned out to be a hot Lower Deer Valley market. It comes in at $1.883m; 4660 sq ft, 5bd/4ba, $404 psf.
-Great deal on an income generator in Upper Deer Valley’s Silver Lake Village at $1.199m; 2368 sq ft, 3bd/4ba, $506 psf…it could use an update, but for these views and this location you can’t beat it.
-Arrowleaf unit in Deer Valley’s Empire Pass priced at $2.495m; 1779 sq ft, 3bd/4ba, $1402 psf…it is amazing, but that is what we have been seeing in Empire Pass.
-Promontory home in Waptit Canyon, on the golf course, and ski resort views for $2.9m; 5096 sq ft, 4bd/4ba, $588 psf….pretty good deal.
-Best deal at Deer Mtn. at $699,000; 2825 sq ft, 4bd/4ba, $247 psf….they must need to ditch this one!
-2 Red Ledges lots at $845,000 and $730,000….contact us for Red Ledges specials! robalday@yahoo.com
-Last but not least notably, the old Imperial Hotel came on at $3.2m for 6000 sq ft on Main St. I think this could be a great opportunity for a mixed use building or a small fractional/botique hotel type project. It has been totally gutted, so you know what is behind the walls. Apparently, the guys that were trying to open a restuarant could not pull it off and need to get rid of it. A GREAT MAIN ST. OPPORTUNITY!

PRICE CHANGE:
-Lookout at Deer Valley has dropped the price $1,000,000!!! to $3.995m. It looks like an out of towner trying to flip bought it at $3.05m and his flipping is not looking good. This could be a good steal. 5bd/7ba, 5717 sq ft, awesome veiws, and nice ammenities.
-April Mtn. townhome reduced $100,000 to $1.395m; 3420 sq ft, 5bd/3ba….this is a good deal on an in-town property with great views.

CLOSED:
-7 Silver Strike condos in Empire Pass with an average of about $1200 psf!
-Deer Crest Village at $1.7m; 2800 sq ft, 4bd/5ba….$607 psf for ski in/ski out is not too bad.
-Silver Star at $2.225m; 3932 sq ft, 4bd/6ba.
-Glenwild at $2.9m; 7000 sq ft, 6bd/7ba…$471 psf at Glenwild is a great deal.

PENDING
-Cabin at Victory Ranch at $1.995m; 3169 sq ft, 3bd/4ba, $607 psf
-Empire Pass condo at Shooting Star for $2.35m; 2114 sq ft, 3bd/4ba, $1111psf
-Promontory lot in Northgate Canyon for $649,500….even with the cloud over the development some properties are still moving.

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Filed under deer valley, glenwild, promontory, rob and rachel

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