Tuesday, August 27, 2013

Coming soon-Seller's market at Northstar

As we continue to hear stories of the market heating up in the Bay Area and Tahoe markets, it is clearly becoming a favorable market for sellers. The last 5 transactions I have been involved in have been multiple offer situations, one was for a property that had not even been listed yet and the price was bid up over $300K above asking. Quality inventory remains low in many sub-markets, and when it does come on the market it is swept up immediately. I have heard about sellers holding their listings off the market because they are so confident that they can get higher prices for them in the next 6 months. And while the sellers wait, the buying pool, demand, and prices increase.

With winter approaching, Buyers focus will undoubtedly turn to the Northstar market in preparation for ski season. Inventory is very limited, especially in the 4 bedroom category, there are some compelling options to buy. But, don't expect these sellers to be groveling for any offer that comes in. They know that product is scarce (especially ski in/ski out) and that all signs point to a market that is quickly shifting in their favor. In fact, some sellers are increasing their prices based on the confidence they have in the recent comps at Northstar and the direction the resort is heading in the future. And, it isn't just individual sellers who are looking at price increases. The Mountainside area of Northstar as a whole has enjoyed tremendous sales success, and I would expect that to be reflected in future developer phase pricing as well.

This rare ski in/ski out Mountainside 4 BR luxury residence adjacent to the Ritz-Carlton is an example of a limited and compelling opportunity that is priced competitively (about 20% lower than the recent Mountainside sales comps) and is a turn-key opportunity. Don't let it pass you by!

Click here for more details

Monday, August 19, 2013

Martis Camp's Smart Buys

Check out my recent newsletter focusing on the the best buys at Martis Camp this fall. 

Friday, August 9, 2013

Northstar 1BR Just Listed $549K

Located just steps from the gondola in the Catamount building, this bright and spacious 1 BR condo is ready for move in now! Do you have plans for the winter? It doesn't get more convenient than this. The Catamount building has a specific ski storage locker for this residence, underground heated parking, and a fitness and hot tub area. Views of the ski slopes from the balcony will motivate you to get up and ski each day and the shops and restaurants of the Village are steps away for apres ski fun. Don't miss this opportunity to own a place in Northstar, inventory is limited and prices are going up!
Strong rental history available, contact me for more details. 

Catamount 8311
1BR/1 BA

Presented by Katie Tyler