It’s hard to believe a New Year is already upon us. The resort community at Northstar was blessed with over 74” of new snow in the past 7 days. Amazing ski conditions and welcoming snowfall have created ideal conditions to have some winter fun.
Aside from all the fun and wintertime happenings, the real estate market also ended the year with a bang. Northstar’s transaction volume totaled over $105,000,000 from January through December. This was HUGE, a 126 percent increase from a year ago. And, the sales activity was not limited to any one particular area of the resort either. Several transactions were found in the new high-end development at Mountainside all the way down to the legendary condos surrounding the village.
Condos and single-family homes traded steadily, but it was the Big Springs neighborhood that caught my attention. Big Spring at Northstar is known for luxury homes, big views, and depending on what street, awesome ski access. Big Springs actually accounted for $20,570,000 of Northstar’s total transaction volume and eight sales averaging over $2,500,000 per transaction. There were multiple sales in this area above $3 million dollars in one year for the first time since MLS started recording data. As I said - HUGE deal, right?
This was a rebound year for Big Springs - largely driven by the flourishing economic demographics of Northern California, but also the conveniences found being located inside the Northstar resort. Wonder why?? Look no further:
2017 has opened with frequent winter storms; ski resorts are thriving and robust crowds are visiting the region. In the coming months look for an update on the resort sales until then enjoy the winter adventures and be safe.
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