Greetings from the snowy slopes of Silver Star!!
The last 6 months of real estate sales activity has predictably slowed after a blistering 2013. Prices have leveled off and inventory has remained moderate. Buyers are committed to move forward as long as value is on the menu. Please have a look at the Silver Star Fall Sales Summary for the last 6 months. Condos and suite sales are very similar to this time last year but homes sales are down by 50%. Condo sales have been dominated by Creekside and Silver Creek, with Silver Creek enjoying a long awaited surge in sales activity. There has been one sale in Firelight, signalling a back to normal price point after a few years of developer discounting.
The outlook for the upcoming winter offer buyers a range of prices and choices in the condo market, with a very small inventory of suites. Listed Condos and Suites.
The availability of lots is still plentiful with each area offering slightly different advantages. Listed Lots.
Single family homes and town homes round out the inventory with over 50% of the inventory listed above $600,000. Listed Homes and Town Homes.
Overall, recent sales suggest that prices are holding and reflective of last seasons sales activity. As the valley begins to show signs of price points trending higher, it will be interesting to see when recreational property follows suit. This is still a good market for buyers as listed inventory categories offer enough supply to make a buyers offer something to get excited about!!
As always, I would love to hear your feedback, questions and referrals. You know where to find me on a snowy day and hopefully we will have the chance to have a run together!
See you on the slopes:)