Now that the year is almost over, it appears that the bottom of the Chateau Ridge market has been almost chewed up and swallowed.

The only two sales that that have occurred in the development so far this year went out at an average of $153.31 per square foot and apparently the Sellers absorbed the special assessment costs upon closing.

Market in Chateau Ridge appears to be firming up as there are currently no true ski in ski out ground floor units listed below the $200,000 mark at this time.

Having said that, there is an upper unit currently listed (under a power of sale), at just below the 185k mark while everything else appears to be firmly entrenched at just over the $215,000 mark, for now.

A couple of days ago a little bird whispered in my ear that this average may be changing in the in the next couple of weeks with the apparent sale of a larger unit at a higher cost per square foot. I'll keep you in the loop if and when it happens.

Ed Pakstas (Broker)
c/o Resort Country Realty Inc., Brokerage

Direct Line: 705.888.5050
Web: www.CollingwoodCondos.com

Servicing the Collingwood Blue Mountain Real Estate Market Since 1995
(Not intended to solicit properties already for sale)