Update 11-6-12 Will we see another Trailhead Steamboat Condo Auction? - See this post for my current thoughts.
The auction for Trailhead Lodge at Wildhorse Meadows finished about 30 minutes ago. Overall there was good activity in the 2-3 bedroom range at prices that were where very close to what I had advised my clients of. Auction wise they threw in several twists as expected and started with 19 instead of 39 units then mentioned there would be more, they added a second round to bring the total units offered to 34 units. There were 23 winning bids for a total of just under $8.5m. Some bids were accepted on site and some we will know today on.
Updated info: Here are the highest priced units by type, I have full info on the winning bid for each condo that I'll save for clients I am advising on phase two of the auction process. Some went a good amount lower. Values vary by floor plan and configuration all of which should be considered if you are interested in a condo at Trailhead Lodge.
1 bedroom $241K
2 bedroom $416K
2 Plus den $557K
3 bedroom $533K
We will see how many of the bids are approved but the sellers are under some pressure here and were having what looked to be some serious conversations after the auction. The winning bids feel nearly perfectly into the price ranges I predicted. I can fill you on the sizes, prices and number of units that the gavel fell on.
I kept a full record of the auction process and prices so you can give me a call on my cell phone at 970-819-6930 or check back here for more info. I'll reserve full details for clients but I will give you a very good update if you call.
We are now entering phase two of the process and I can explain how it is likely to play out. If you don't have a current exclusive buyers agency agreement with a broker I am happy to give you advice on how to get the best deal and navigate the process. I tell it like it is, work hard to know more and will do my best to help you achieve your goals.