Highmark recently completed the auction that put 15 condos up for sale to the public. Steps away from the base of the mountain, Highmark is a luxury community that is looking to turn away from a troubled past. For more information on the history of Highmark Condos, see this previous post. The March 12th auction ‘has accepted the high bids placed on nine of the units…William Bone, president of the National Auction Group, said the nine auction sales are poised to close by April 1 and that his firm has the listing on the remaining six units.’ The hope is that the Highmark auction and other similar sales will help the Steamboat market continue the process of finding the prices for a wide variety of real estate.
‘Friday’s high bid converted to a price of $477 per square foot. Most of the high bids were lower than advertised minimums. The high bid on one of the four-bedroom condos that sold at the auction was $815,000.’
For more information or insights into Highmark or other Real Estate in Steamboat, send me an email at jon@mybrokers.com
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