August 29, 2010
The developers of the luxury condominium project, Edgemont, used aggressive discounting on a limited number of units to create a sense of urgency among prospective buyers and put five vacation homes under contract this summer. Four of five have closed and the fifth would bring the aggregate value to more than $4 million.
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Incomplete sales for August paint rosier picture than July figures
It’s the pending sales that are most telling about what’s happening right now in the market. “The number of pending contracts right now is 100 compared to 70 in the third week of July,” Realtor Jon Wade, of Colorado Group Realty, said Wednesday.