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2009 Real Estate Market Review for Hidden Valley, PA
We had hoped that the increased sales that we saw after the Buncher group purchased the resort in 2007 would begin a new trend. Unfortunately the economy, increased inventory, and declining prices at Seven Springs have derailed our expectations.
 In 2008 there were 80 recorded resale transfers. In 2009 there were only 48. Reviewing the chart below you can see what a tough year this was and how much further up it can go!!
The average sales price here has also declined. In 2008 it went from $225,266 to $210,700 in 2009. When you look around the US at other resort areas and the hits they have taken on prices both of our Pennsylvania Resorts are holding their own! 
Only one of the new South Ridge Place condos has transferred. Active listings total 98 with several properties headed into their second year on the market. Our advice is the same on this side of the mountain; make sure you are working with a designated agent!
The Pittsburgh market has come around and that should mean the resort markets will be following. With the stats we watch we believe that this year may very well be the upturn SELLERS have been awaiting. ... more

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