Schweitzer Ski Resort Condo’s for Sale under $300,000
Schweitzer Ski Resort is scheduled to open this Friday December 2, 2016. Whether and snow permitting of course and that does not appear to be a problem at the present time. Interested in having your own condo at Schweitzer Mountain Ski Resort for the 2016/17 season? There is a wide variety to choose from.
Presently there are 14 Schweitzer Condo’s for sale listed at, or under, $300,000. Prices range from low of $81,500 to high ( in this search bracket ) of $285,000.
Sandpoint’s Schweitzer Condo’s for Sale with maximum listing price $300,000.
*Bedrooms: Zero – 3, One – 5, Two – 4, Three – 2
Sq. Ft: Low – 307, High – 1,212
DOM: Average – 162, Median – 107 Least – 6, Longest – 390
Pricing: Average – $190,314, Median – $184,000
Past sales show the market to be steady with prices and transactions improving.
1st quarter 2015 shows 6 sales with $187,833 average sale price.
4th quarter 2015 has 4 sold with average sales price of $141,975.
1st quarter 2016 showing 6 sold with average sale price of $222,966.
Thus far 4th quarter 2016 showing 6 sold with $233,936 sales price.
With the current inventory of below $300,000 Schweitzer condo’s at 14 we have a six month absorption rate. Based on the greater sales thus far in 4th quarter 2016 this may be reduced a bit. Overall prices have increased sharply over the past year and half with sales remaining constant and now show possible gains.
While this may appear to be bad news for buyers it is not. Interest rates are still at all time lows even with latest increase. Condo prices for a ski resort condo are still an excellent value. Schweitzer Mountain Resort continues to make improvements that will only increase property values of all on the mountain.
All information researched from Selkirk MLS and considered reliable but not guaranteed. Condo’s sold outside of Selkirk MLS not included in this Market Report for Condo’s and Townhomes under $300,000 at Schweitzer Mountain Ski Resort.
If you would like more specific information to your needs and desires, whether buying or selling, regarding condo’s/homes on Schweitzer Mountain contact me now.
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