Tagged : Trailhead Steamboat Auction

Found 1 blog entry tagged as "Trailhead Steamboat Auction".

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   This is a very surprising twist given they just bought it months ago.  I expect there is something else going on here as most thoughtful business people would adjust in other ways to stimulate demand before taking such a desperate measure and such an adjustment hasn't been made here before this.  Existing owners probably won't like the prices the condos bring but at the same time once they sell, the inventory overhead will be gone and a year or so later they will probably sell for closer prices that compare to similar properties than the auction prices. It will be a reserve auction but there are likely to adjust this in real time depending on demand.

  Hopefully this is a good thing in time but in my opinion it shows that the group that bought

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