Transactions: November 2002

Features
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Features
Mtn Life 1102 Pic G

SUGARBUSH, Vt.

This 2-bedroom (plus loft), 2-bathroom, 1,594-square-foot townhouse (shown above) is 1 mile from the ski area. Amenities include a hot tub, onsite tennis courts and heated pool, and a shuttle to the slopes.

LIST PRICE

$179,500

SALE PRICE

$168,000

TIME ON MARKET

18 months

LISTING BROKER

Barbara Tanck, Graves Realty Co., 800-252-1505; btanck@sugarbush.com.

MARKET COMMENT

The area has shown little sign of a recession in the vacation home market, especially in terms of condominiums. Demand remains strong, and inventory remains extremely low.

Durango, Colo.

Located at the base of Durango Mountain Resort, this 3-bedroom, 4-bathroom condo offers 2,820 square feet. Its finest feature is floor-to-ceiling windows with views of the slopes.

LIST PRICE

$803,000

SALE PRICE

$803,000

TIME ON MARKET

8 months

LISTING BROKER

Cathy Craig, Durango Mountain Realty, 970-385-2198; ccraig@durangomountain.com.

MARKET COMMENT

Durango Mountain Resort is embarking on its 25-year master development plan, which will greatly increase growth and property values in the area. Phase II of this project is estimated for completion by March 2003.

Tremblant, Que.

Fully furnished, this 1,276-square-foot condo overlooks Tremblant Ski Area and Lake Mercier. It has 2 bedrooms, plus a den and 2 bathrooms, and offers access to heated pools and tennis courts.

LIST PRICE

$213,000 (U.S.)

SALE PRICE

$213,000

TIME ON MARKET

one month

LISTING BROKER

Steve Gilbert, Intersite Real Estate Development Corporation, 888-425-3777; sgilbert@captremblant.com.

MARKET COMMENT

This project is the only mountain development available at the moment. That means a much stronger demand and an expected increase in prices.