Yesterday was the much anticipated Highmark auction in Steamboat Springs, Colorado. As people gathered in the lobby, it didn't feel like things were going to go all that well. There were very few local real estate agents representing clients and the ones that were there, were skeptical of the sale. In small towns like Steamboat, it is essential that developers have buy in from the local real estate community. Unfortunately for the Highmark, a property with a jaded past, local have no faith in the project. The auction proved no different, with the unit to be sold at absolute auction not on the list. Smelled a lot like "bait and switch"
To read the full article on yesterdays auction, click here.
On a positive note, the penthouse owned by Wells Fargo bank went under contract yesterday. To view the property details, click here
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