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REAL ESTATE UPDATE
Well, the stats year to date should wake everyone up. 10 Ute Place is a GREAT EXAMPLE- Perfect location-easy walk to gondola and town. Listed last June, 2025, for $50,000,000 but needs a complete remodel so buyers and brokers rejected over $7,000/sq ft. It recently closed for $31,000,000 or a little over $4,000/sq ft allowing the new buyer to spend the $1-2,000/sq ft to completely remodel… OR, Boogie’s estate is a great example-on the market in 2014 at $28,000,000, and finally closed recently for $42,000,000 easily rising with the market for 11-12 years while seller waited for the Buyer HE WANTED…
To summarize, if the seller insists on STUPID pricing, then we can bring in stupid offers and help our buyers get a great buy….On the other side, if Seller has an irreplaceable property in the perfect location with extremely high end forever finishes-they can go for the GOLD!!
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