The last six months have seen very strong sales activity in both Olympic Valley (Squaw) and Northstar, which is typical as we approach the beginning of ski season. However due to such strong sales activity we are now quite low on inventory in each community, but demand is still very high. Here are the details:
Olympic Valley
Properties Sold 75 Total Dollar Volume $77,949,657 Avg. Price $1,039,328 Median price $830,000 50 Condominiums 24 Single Family Homes 1 Luxury Shared Ownership Home
Active Listings 15 Total Dollar Volume $24,573,000 Avg. Price $1,638,200 Median Price $850,000
11 Condominiums 4 Single Family Homes
In Contract 23 Total Dollar Volume $50,112,460 Avg. Price $2,178,802 Median Price $2,309,500
9 Condominiums 14 Single Family Homes
Click here to see Last 30-Day Market Report
Northstar
Properties Sold 66 Total Dollar Volume $83,285,623 Avg. Price $1,261,903 Median Price $937,500
43 Condominiums 19 Single Family Homes 4 Shared Ownerships
Active Listings 14 Total Dollar Volume $9,914,000 Avg. Price $708,142 Median Price $234,500
1 Condominium 3 Single Family Homes 10 Shared Ownerships
In Contract 20 Total Dollar Volume $38,397,000 Avg. Price $1,919,850 Median Price $1,645,000
10 Condominiums 9 Single Family Homes I Luxury Shared Ownership
Click here to see Last 30-Day Market Report
It is still a sellers’ market and although interest rates have increased slightly, they are still quite low. For those interested in buying now is the time to act because, in my opinion, listing price will continue to increase.
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