Town of Mountain Village 1Q Sales Numbers

In January, there was a large vacant lot sale in Mountain Village - Lot 104 & Lot 89-2C sold as a package for $3.975M. This represented the highest price paid in the vacant land market segment. The neighboring lot 89-2B also sold at the same time - price paid was $1.5M. These lots were purchased by a neighbor who wished to control any future development on the properties.

The condominium market in Mountain Village was the true bright spot in the first quarter, accounting for over $27M in gross dollar sales, translating into a very good payday for the Owners’ Association via the 3% transfer assessment. The top price paid for a condominium in the first quarter was $3.7M for Penthouse 135 at See Forever Village.

Activity in the single-family home market was restrained with only three sales.

Here is a quick breakdown of the 1Q results for the Town of Mountain Village:

 

MAJOR MARKET SEGMENTS

 

                                Single-Family           Condo/Townhome               Vacant Land

# OF TRANSACTIONS                   3                           21                                   4

 

$ OF TRANSACTIONS                   $8M                       $27.2M                            $6M

 

AVERAGE SALE PRICE        $2,675,000                  $1,296,599                  $1,581,250

 

MAX SALE PRICE                $4,025,000                  $3,700,000                  $3,975,000

 

# OF PENDING TRANSACTIONS      0                            8                                    2