Special offer

Only 37 active listings in all of Copper Mountain!

By
Real Estate Agent with Keller Williams Realty Success LLC

I remember when, just a couple of years ago, we had only 49 sales at Copper Mountain in a year, and about 170 units on the market.  Times were tough and people were selling for less than they paid for the condos just a couple of years prior.  Today the market has competely turned around, and as of today, May 5, 2007, we have 37 active listings and 155 units either sold or under contract in the last year.  That means that right now we only have about a four month supply of condos to sell, and prices are escalating. 

What has made the difference?  Copper Mountain has always had a very loyal group of homeowners.  Many people owned more than one condo.  When Intrawest bought Copper and built a whole new Center Village, speculators came in and bought up many of the condos, expecting to be able to turn them pretty quickly and make some easy money.  However, the economy softened, 9/11 happened, and we got stuck with depreciation of 7 to 15%.  The speculators who couldn't stick it out sold at a loss, and everyone else hung in there.  Homeowners who bought as second homes enjoyed their condos and really didn't care much.  Today they are still enjoying them, and not selling unless they are moving up to bigger condos.  The market is tight, and prices are heading up.  Everyone is happy and you can still buy a one bedroom, walk to the lifts condo at Copper for under $250,000.  Can't find any of those at Vail!

Posted by

Kellie Morrissey, MA, CRS, GRI, CDPE

The City & Mountains Group

Real Estate Broker

Cell 303.877.2813

Fax 720.266.6479

Keller Williams Realty Success,

LLC 10026 W. San Juan Way Suite 200 

Littleton, Colorado 80127

Current Homes for sale in ALL DENVER METRO AREAS click here now: COLORADO HOMES FOR SALE

Current homes for sale in All SUMMIT COUNTY AREAS click here now: MOUNTAIN HOMES FOR SALE

Listen, View and Read What's Happening In The Denver Metro Areas:  City and Mountains Blog

Visit The Rocky Mountains Without Having Get On A Plane Or Drive:  Summit County Blog

    

Comments (2)

Dena Stevens
Rocky Mountain Realty - Canon City, CO
Putting The Real Into Realtor Since 2004
Kellie, It's been a while since I've been to Copper Mt. But from what I remember it was quiet, no huge crowds a nice part of Colorado.
May 05, 2007 02:15 PM
Jason Adams
Coldwell Banker Colorado Rockies Real Estate - Dillon, CO
Realtor - Summit County, Colorado
I have stayed in a couple different Copper condos over the years. Mountain Plaza is one of the older condos and it kind of shows but its location is great, you walk out the door and get on the lift. Passage Point a newer Copper condo was much nicer inside and out, but you had to walk quite a ways to get to the lifts. It is a nice walk through a covered bridge over 10 Mile Creek. I guess you have to ask yourself if you want to stay in a Fancy condo or if you want to be next to the lifts. Or if you are the type of person that has to have it all you could stay at Copper 1 or Tucker, the best of both worlds.
Oct 25, 2007 10:54 AM