Slopeside Community in Steamboat Springs Garners $45 Million in Sales on Opening Day

STEAMBOAT SPRINGS, Colo.--(BUSINESS WIRE)--As projects in Colorado’s high country and major metropolitan areas are being cancelled due to lack of sales, there is one shining star in the mix from Steamboat Springs: Edgemont. The area’s newest slopeside community sold $45 million in one day last week with an average sales price of more than $2 million, not only exceeding developer’s expectations, but also the pre-construction requirements for the project.

“These results show that it really doesn’t matter what is happening with the economy when it comes to ‘beachfront’ or should I say, ‘slopeside’ real estate. An excellent location will always resonate with buyers who are the end-user”

“Despite the difficult economic climate,” said Garrett Simon, vice president of development for the Atira Group, “Edgemont’s results show that there’s always demand for great real estate.”

The opening day sales volume meets pre-construction requirements making it possible to start construction on the landmark site in June. “These results show that it really doesn’t matter what is happening with the economy when it comes to ‘beachfront’ or should I say, ‘slopeside’ real estate. An excellent location will always resonate with buyers who are the end-user,” said Simon.

“This is a great day for the Atira Group, developers of Edgemont, a great day for Steamboat and finally, some good news on our nation’s real estate front,” said Simon.

After an early morning float over Steamboat in a hot air balloon, prospective buyers gathered with their brokers and the Edgemont team for the afternoon Selection Event at the Real Estate Preview Center. Those who were not able to attend in person joined live online from their home or office.

"We are thrilled to be among the first owners at Edgemont. This will be ski-in/ski-out at its very best on the mountain, and there isn't a better mountain community in the West than Steamboat Springs," said Jack Quinn, former White House Counsel in the Clinton-Gore Administration and founder of Quinn Gillespie & Associates. He and his wife, Susanna Quinn, a writer, contracted on Edgemont's opening day.

Much like the Quinns, the majority of buyers purchased their residence at Edgemont as a second home with plans of spending time throughout the year in Steamboat Springs with friends and family. Direct ski slopes access combined with an intimate community setting and well-designed residence plans were at the top of the list for Edgemont’s first homeowners.

Situated on the edge of the Steamboat Ski Resort, perched just above the base area, with the Gondola on one side and the Christie Peak Express on the other, Edgemont’s access to the mountain is unmatched by any other new property available in Steamboat. With spectacular views from every home, owners at Edgemont will enjoy spacious open floor plans ideal for entertaining, as well as a host of community amenities that bring neighbors together outside the home. Amenities include outdoor heated pool, hot tubs and fire pit, ski lockers, family game and media rooms, a fitness facility and underground parking.

Edgemont is being developed by The Atira Group, a Steamboat-based community developer. S&P Destination Properties is the exclusive listing broker for Edgemont. The remaining residences at Edgemont will be available through the summer. Watch for announcements about Edgemont’s Summer in Steamboat sales program.

The Edgemont Team

An Atira Group community, Edgemont follows their vision of delivering sustainable, thoughtfully crafted places where people can live, play and grow. www.theatiragroup.com

Exclusive listing agent for Edgemont, S&P Destination Properties, LLC is an international full-service real estate company that specializes in the envisioning, design, marketing, sale and customer service for resort and luxury real estate properties. S&P is committed to bringing the finest real estate in the finest places on earth to those who appreciate the irreplaceable experiences that come with ownership.

www.sprealestate.com

The Edgemont Real Estate Preview Center is open daily in the shops at the base of the Steamboat Grand, 2300 Mt. Werner Circle, next to Chocolate Soup.

For more information, call toll free 877.871.4665 or visit www.edgemontliving.com.