On the Market for May 18

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Tom Ross

Tom Ross' column appears in Steamboat Today. Contact him at 970-871-4205 or tross@SteamboatToday.com.

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Edgemont ready for purchasing day

— The developers of the ski-in, ski-out Edgemont condominium project are looking ahead 12 days to the May 30 selection event when buyers may select and purchase the resort homes for the first time.

Edgemont Sales Director Mark Murrell said it's important for prospective buyers to become involved soon to familiarize themselves with the property before May 30.

"There's still time to call Steamboat's most exciting slopeside location home," Murrell said.

Edgemont developers the Atira Group cite recent articles in the Wall Street Journal and the Annual Survey of Affluence and Wealth in America, released by American Express Publishing Corp. as indicators that although middle income Americans are skittish about the housing market, affluent buyers see opportunity in the market.

People with a discretionary income of $500,000 a year see opportunity in real estate, according to the survey.

Edgemont's sales selection event will take place at its preview center in the commercial shops at the Steamboat Grand Resort Hotel. Reservation holders will have the first pick of 42 units released for sale this season.

Edgemont's residences will include 18 floor plans ranging from one to five bedrooms with prices from $870,000 to more than $3 million.

Construction is scheduled to begin early this summer with completion of the first release anticipated during the 2009-2010 ski season.

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