I've just created a couple of interesting graphs (below) using KREB data to show Rossland real estate trends over the last 3 years. The trend shows general decline in sales prices (ie if you could have sold it for $310,000 in 2009, you should think more in the $280,000 range now). Of course, it is a small market and individual properties may perform differently than the overall market, ...
Posted by Paula Gaul
on October 23, 2011
One of my clients asked me for some statistics for the Rossland real estate market, so these are the stats for the last 12 months (ending 27 May 2010):
Selling Price of Single Family Detached Homes sold in last year:
below 150K: none
150-174K: 4 homes
175-199K: 4 homes
200-224K: 7 homes
225-249K: 5 homes
250-274K: 5 homes
275-299K: 6 homes
300-324K: 4 homes ...
Posted by Paula Gaul
on June 14, 2010
If you are wondering what it is like, living in Rossland, I'll give you a bit of info.
First of all, the natural beauty and clear mountain air is breathtaking. As long as you make sure to get out of the house or office regularly to get out and enjoy it, you won't be bored of it. The skiing in winter is world-class. The terrain at Red Mountain is as good as it gets, and the snow ...
Posted by Paula Gaul
on April 19, 2010
It wasn't long ago that I was writing about Americans getting great deals on Red Mountain property because of their stronger dollar, but now that situation has completely flipped around, and they are making money by selling their properties and taking their strong Canadian dollars back to the U.S. In one year, the Canadian dollar has increased by about 30% - so even if your property value has ...
Posted by Paula Gaul
on April 6, 2010
News: Evergreen Ridge subdivision release, between Happy Valley and Pinewood in Rossland - if you would like further information, let me know, as they are working with all realtors on this one. I think it looks really interesting, but have yet to see the pricing on it. In my last blog, the Canadian and US dollars were at par, and Americans just couldn't bring themselves to invest in real ...
Posted by Paula Gaul
on November 6, 2008
Red Mountain real estate has been moving slowly for about a year, and I've never seen so many listings in the front window down in Rossland.
US investors made hay while they could, with the Canadian dollar trading higher than the US dollar for a while there, they made more than enough money on the currency exchange to make selling look like a really good idea. Partnered with healthy prices, ...
Posted by Paula Gaul
on September 7, 2008
Rumours around town of an Annika Sorenstam golf course at Red (click for full story). Do I believe it? Yes, it is certainly possible, but it does still have a few hurdles to overcome before it's a sure thing. We should know more about the plan soon, but it would still have to go through environmental approvals etc. As long as it is all environmentally sound, I'd LOVE to have another great golf course ...
Posted by Paula Gaul
on November 19, 2007