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Transactions: October 2001

Transactions: October 2001

Mountain Life
By Maureen Drummey
posted: 09/18/2001

TAOS SKI VALLEY, N.M.
This three-bedroom, one-and-a half bathroom Seventies chalet has a caretaker's apartment. Situated high on the slopes, its decks and wall of windows provide great views of the Sangre de Cristo Mountains.
LIST PRICE $185,000 SALE PRICE $182,000
TIME ON MARKET 14 months
LISTING BROKER Judy Buck, Coldwell Banker Lota Realty, Inc.; 800-829-8673; judy@cblotataos.com; www.cblotataos.com.
MARKET COMMENT The Taos market is very strong with high-volume residential activity, land purchases and new development. The Taos Ski Valley market is slower, but a few homes and condos have sold this year despite limited inventory.

SNOWMASS, COLO.
The Timbers Club is a member-owned private-residence club, sold in 1/8 shares. This three-bedroom, 2,000-square-foot residence is ski-in/ski-out. It includes concierge service, year-round gear storage, a heated pool and scenic mountain views.
LIST PRICE $339,000 SALE PRICE $339,000
TIME ON MARKET 1 year
LISTING BROKER Keith Marlow, The Timbers Club at Snowmass; 970-922-1000; timbers@sopris.net; www.timbersclub.com.
MARKET COMMENT Prices for some condos in Snowmass have inflated to prohibitive levels (exceeding $700 per square foot). The Club concept lets owners enjoy the equivalent of a $2 million residence for a fraction of the cost.

SUN VALLEY, IDAHO
Three miles off Hwy. 75, this winterized rustic cabin is on Lake Pettit in the Sawtooth National Forest. The three-bedroom, one-bathroom, 1,200-square-foot home has lake views and a boat dock.
LIST PRICE $640,000 SALE PRICE $600,000
TIME ON MARKET 4 months
LISTING BROKER Suzanne Williams, Sun Valley Real Estate; 208-726-6000; greenfield@sunvalley.net; www.sunvalleyrealestate.com.
MARKET COMMENT The overall Sun Valley market remains strong and prices remain high. Average sales prices have increased over the same period last year from an average sales price of $300,000 to $360,000.

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