First Quarter Sales Skyrocket Thanks to Intrawest’s Village at Winter Park Project.

Sales for the first quarter of 2008 were up over 112% compared to the same period last year. A little over $90 million was closed this year, up from $47 million last year. 2/3 of the sales this year were from Intrawest’s 2 new buildings, Fraser Crossing and Founders Pointe, where 133 units have closed for over $60 million. This has increased Condominium sales to five times what they were for the first quarter last year. The other Segments, Residential and Vacant Land, were not as fortunate, with decreases in sales of 31% and 51% respectively for the first quarter.

For the month of March, Total Sales were up 200% compared to the same month last year. The Condominium segment (including Intrawest sales) saw closings of 85 units this year compared to only 12 last year. Residential sales slipped from 18 last year to 5 this year and Vacant Land dropped from 8 last year to 3 this year.

The upcoming second quarter is traditionally the lightest quarter of the year. It will be interesting to see the results as the bulk of the Village at Winter Park sales have now closed and there should not be any effect on the second quarter sales.

A full copy of the Winter Park Real Estate 2008 Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at http://www.paullewis.net/.

These statistics were compiled from data from the Grand County Board of Realtors and is deemed reliable but cannot be guaranteed.