Copper Mountain and Frisco: The Highs and the Lows

COPPER MOUNTAIN AND FRISCO:  THE HIGHS AND THE LOWS 

The highs and the lows.

Let's start with the highs - residential properties over Two Million Dollars:  In Frisco, two properties sold in 2006 over $2 million.  According to the MLS, these are the only residential sales ever in Frisco over $2 million.  Currently in Frisco, there are six active listings over $2 million.  At Copper, one property has sold for over $2 million in the history of the MLS and it closed in 2006 also.  One property listed at $2.7 is currently pending, and there are 11 active listings over $2 million.

Now the lows - In Frisco, only one deed restricted unit is active under $250,000.  In Copper two studios are active under $250,000.  In 2006, 30 properties under $250,000 closed in Frisco.  In 2006, 51 properties under $250,000 closed at Copper.  Thus far in 2007, only 9 properties in Frisco have closed under $250,000 and only 15 properties in Copper have closed under the same price.  These statistics tell us what we already know - properties under $250,000 in Frisco and Copper are becoming a thing of the past.  If you have clients wanting to purchase in this price range, you may need to discuss partial ownership or move to a different market.   Happy September to everyone!