End of year listings on the mountain are down from 266 this time last year to 255 this year (they had peaked at about 350 about 3 years ago). Closed sales are pacing to reach 80 as compared to 70 last year. The average sold price has increased to $183,000 from $167,000 the prior year. This data is further evidence that we are bottoming out and the market, though somewhat spotty, is beginning to rebound. With interest rates still hitting all time lows, now is the time to make your move. There remains ample inventory, distress pricing, and historically low interest rates. It is a great time to move up if you can, as what you would sacrifice on the smaller unit you would more than make up in the bargain on the larger unit. Let us know if Snowshoe Mountain Homes can assist you.
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