7 Springs January 2013 Real Estate Market Report

Both resorts start January with 5 closings, on track for a better year. Between the lines we are seeing improved buyer activity and project that the 1st Quarter of 2013 has the potential to set a great pace for the rest of the year. With weekends booked with buyers and several properties contingent we except to see February and March show strong numbers. Open the tour for the full story.

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Hidden Valley December and 2012 Real Estate Market Report

This is the ONLY real estate report on the Laurel Highlands in SW PA that gives you not only the transactions for December but for the entire year and compare the activity and price points of both resorts. Open the visual tour to see the story and how each resort ended the year. Even though we think the political noise slowed down activity for the end of the year we are having one of the busiest January that we can remember. Now that the elections are over we think that many people who where holding back are getting into the market.

 

 

 

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Hidden Valley November 2012 Real Estate Market Report

Hidden Valley Resort is open with limited skiing on the weekends. Expected cold weather and snow may allow for full time operations soon. Hidden Valley still offers the resort buyer the ideal entry into the Laurel Highlands. Ample inventory and record low interest rates make this a buyers paradise. Open the visual tour for the complete story.

 

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7 Springs November 2012 Real Estate Market Update

7 Springs Resort is open with limited skiing on the weekends. Expected cold weather and snow may allow for full time operations soon. Inventory is slowly dropping at this resort as buyers take advantage of low interest rates and try to get in before the ski season. Don’t wait to long as the most popular locations and floor plans are becoming short in supply.  Open the visual tour for the complete story.

 

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Seven Springs October 2012 Real Estate Market Report

Sandy sat over the Laurel Highlands for 2 days last week and dropped over 20″ of heavy wet snow causing trees and branches to fall and power out in certain areas for 4 days. The snow didn’t stop Hidden Valley from taking over the total amount of property transfers for the year but pending sales may change that story. Both resorts are below total sales from last year at this time and inventory remains high with pressure on sellers to price right and fix up or expect to sit on the market for another year. Sarnellis Corner Market is our featured businss this month, the perfect place to stop and stock up on your way into the Laurel Highlands. Open the tour for more on this market.

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Hidden Valley October 2012 Real Estate Market Report

Sandy sat over the Laurel Highlands for 2 days last week and dropped over 20″ of heavy wet snow causing trees and branches to fall and power out in certain areas for 4 days. The snow didn’t stop Hidden Valley from taking over the total amount of property transfers for the year but pending sales may change that story. Both resorts are below total sales from last year at this time and inventory remains high with pressure on sellers to price right and fix up or expect to sit on the market for another year. Sarnellis Corner Market is our featured businss this month, the perfect place to stop and stock up on your way into the Laurel Highlands. Open the tour for more on this market.

 

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Hidden Valley September 2012 Real Estate Market Report

Welcome to the September and third quarter real estate market report for properties at Hidden Valley Resort 15501. We’ve got some statistics along with details on Septembers market activity at the resort, and numbers for the first three quarters. Inside you’ll find information on unsold inventory, transfers, price ranges, and comparisons with 7 Springs Resort. Come take a look!

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Seven Springs June 2012 Real Estate Market Report

Click on the Visual Tour to see how the resort real estate market for Seven Springs, PA 15622 for June and the first half of the year did! Inside you’ll find details on sales, inventory, yearly comparisons, and price comparisons with Hidden Valley. Remember the on site office at Hidden Valley has its Grand Opening Friday the 6th. Hope to see you there!

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7 Springs May 2012 Real Estate Update

NO TRANSFERS for the month of May but 7 Springs is still on track to equal or increase sales from 2011. Inventory continues to increase which is normal for this time of the year as owners who have not used the property get on the market. The smart money has been dominating the buyer profile since fall last year as anyone who is smarter than a tree stump knows that interest rates are great and the selection at this resort has offerings for just about every floor plan and community. View the short visual tour for more facts and figures. Remember, this is only a small part of the statistics we track and share exclusively with our clients.

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7 Springs April 2012 Real Estate Update

SPECIAL Prudential Preferred will be the Hidden Valley on site Broker on June 1, 2012, replacing Northwood. With offices in Donegal and Ligonier it adds to an already strong presence in the Laurel Highlands. Robert “Wags” Wagner, Realtor, says “we are excited about this satellite office and the convenience it will offer to our existing and new clients.” 7 Springs ended April with one of the strongest months in years leading in closed production in both number and volume. Buyers are aggressively shopping the market while inventory offers selection and interest rates are at historic lows. For the full story view the tour.

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Hidden Valley April 2012 Real Estate Update

SPECIAL Prudential Preferred will be the Hidden Valley on site Broker on June 1, 2012, replacing Northwood. With offices in Donegal and Ligonier it adds to an already strong presence in the Laurel Highlands. Adrienne “Abe” Wagner, Realtor, says “we are excited about this satellite office and the convenience it will offer to our existing and new clients.” Hidden Valley showed lower than expected closings with still records amount of inventory continuing to make for a favorable buyers market. For the full story view the short presentation.

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7 Springs First Quarter Real Estate Update

Numbers do not tell the full story for March and the end results of the 1st Quarter at 7 Springs Resort for real estate sales. Several properties closed right at the end of the month and we do not include them until they are recorded at the courthouse. Adding those properties in 7 Springs ended very strong for the first quarter and had almost two times the closed dollar volume of Hidden Valley.

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Hidden Valley 2011 Real Estate Market Report

This is the 2011 Real Estate Market Report for Hidden Valley Resort in PA. It shows the total of December closings and closings by month for the year. It also shows total closed volume for both 7 Springs and Hidden Valley and the state of origin for the 2011 buyers at both resorts. View the visual tour for the full report.

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7 Springs 2011 Real Estate Market Report

This is the 2011 Real Estate Market Report for 7 Springs Resort in PA. It shows the total of December closings and closings by month for the year. It also shows total closed volume for both 7 Springs and Hidden Valley and the state of origin for the 2011 buyers at both resorts. View the visual tour for the full report.

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Hidden Valley PA November 2011 Real Estate Report

This is the real estate report for Hidden Valley Resort for November 2011. It show how many property sold, current inventory, and price points. Prices continue to drop in all price points due to excessive inventory.

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7 Springs PA November 2011 Real Estate Report

This is the real estate market report for 7 Springs PA for November 2011. We are seeing an increase in property sales but prices still continue to decline because of excessive inventory in all communities except Southwind.

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7 Springs July 2011 Market Report

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Hydrocarbon Deeds

Marcellus Shale, we first started bringing you information of these gas leases back in 2008! That’s when our State REALTOR Association (PAR) had Attorneys Lester Greevy and Dale Tice from Tioga County speak to our members. They specialize in these types of contracts. In June we saw our first “Hydrocarbon Deeds.” These two transfers were both filed in Jefferson Township (the Hidden Valley side of the mountain) and totaled over 3 MILLION DOLLARS!

Yes, the type of deed caught our eyes but the $1,638,127.49 and $1,371,041.49 transfer prices made us dig a little deeper!  Usually deeds for transfer of minerals are recorded WITH A $1.00 PRICE tied to them with NO transfer tax involved.  Here’s a copy of  one of Hydrocarbon Deeds if you’d like to take a peek!

Both transfers were from company to company.  In fact the Grantor on both transactions was BRC Minerals, LP from Texas and the buyers were; Oxy USA, Inc a Delaware corporation with a Texas address and BP Mineral Holdings II, LLC also a Texas company.  

Here are some questions and thoughts that came to us. Did they really pay for only a partial interest?  It appears that these transfers were for only 23-25% “undivided interest (on an eight-eights (8/8ths) basis)”. That just says to us they didn’t get the whole cow!

Where was the parcel? Of course we were thinking that it was one large farm. As the transfer was from and to out of state companies we were trying to figure out where the well would appear! After trying to read the deed and pulling up previous deeds we saw that there are MULTIPLE PROPERTIES INVOLVED!

The transfer tax was divided among 16 different school districts!  Even though it is Greek to us we’ll do our best to keep you updated with resources!

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Seven Springs, PA Real Estate Market Upswing?

You be the judge, our clients know! We thought it would be interesting to compare a few of the properties that have sold this year to the same design that sold before it (we only went back to last year) and see if the sales prices are higher or lower.*

As you review the numbers keep in mind that factors such as location, financing, appraisals or lack thereof, condition, and furnishings could impact the final sales price.  Consideration to these variables should be discussed during the decision making process with your designated agent.  Are you sure you know what’s happening with the market?

Area Design Price Year
SunRidge Libra $350,550          May 2010
    $320,000 Jan 2010
       
Southwind Somerset $547,000 February 2010
    $580,000 September 2009
       
Southwind Lancaster $630,000 February 2010
    $675,000 October 2009
       
Swiss Mtn Matterhorn $204,000 March 2010
    $200,000 March 2009
       
MeadowRidge Tarragon $289,900 May 2010
    $230,000 March 2010
       
SunRidge Gemini $295,000 April 2010
    $253,000 November 2009
       
WoodRidge Evergreen $375,000 May 2010
    $350,000 August 2009

Our clients are given past and present details of  sales, listings, and an overview of issues that are looming in the future for them to digest BEFORE MAKING A BUYING OR SELLING DECISION. This gives them a competitive advantage!

We’ve kept detailed records of the market activity at both resorts for many years and encourage all buyers and sellers to be represented by a DESIGNATED AGENT. That is someone that is looking out for your interests ONLY!  Call to see if the services we offer can help you!

*Transfers were acquired from court house records. Only similar designs were used going back to 2009.

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Seven Springs, PA April 2010 Real Estate Transfers

 

F10 SunRidge   $295,000

If you would like to see a monthly active and sold report tailored to your specific criteria and delivered to your e-mail sign up for our Market SnapShot. It pulls information out of the West Penn MLS system. We keep a multitude of statistical information and welcome the opportunity to share our market knowledge with motivated parties.

For EVERYONE, the trick in getting relevant information pertinent to your needs is in the set up! Try going into the advanced screen to tailor the market areas YOU are interested in for buying or selling! Better yet catch up with Abe and she’ll help walk you through!

Recorded sales transfers for the resorts are acquired electronically from records inputted at the Somerset County Court House, Office of the Recorder of Deeds. We review sales in Jefferson (Hidden Valley) and Middlecreek (Seven Springs) Townships on a weekly basis. We have the ability to search records in Somerset, Fayette and Westmoreland counties to assist our clients.

Prices do not reflect bill of sales and other out of settlement transfers. Furnishings, which are included in the majority of sales are assigned no monetary value. We do not post transfers that carry $1.00 values.

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Hidden Valley, PA April 2010 Real Estate Transfers

 

5026 Summit View   $216,000
1235 Gristmill   $102,000
2424 South Ridge Plaza   $407,500
       6 Black Cherry   $295,000

If you would like to see a monthly active and sold report tailored to your specific criteria and delivered to your e-mail sign up for our Market SnapShot. It pulls information out of the West Penn MLS system. We keep a multitude of statistical information and welcome the opportunity to share our market knowledge with motivated parties.

For EVERYONE, the trick in getting relevant information pertinent to your needs is in the set up! Try going into the advanced screen to tailor the market areas YOU are interested in for buying or selling! Better yet catch up with Abe and she’ll help walk you through!

Recorded sales transfers for the resorts are acquired electronically from records inputted at the Somerset County Court House, Office of the Recorder of Deeds. We review sales in Jefferson (Hidden Valley) and Middlecreek (Seven Springs) Townships on a weekly basis. We have the ability to search records in Somerset, Fayette and Westmoreland counties to assist our clients.  

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Seven Springs, PA 2010 February Resale Transfers

    53 Southwind   $547,000
4308 Swiss Mtn   $225,000
      7 Southwind   $630,000

We keep a multitude of statistical information and welcome the opportunity to share our market knowledge with motivated parties.

Recorded sales transfers for the resorts are acquired electronically from records inputted at the Somerset County Court House, Office of the Recorder of Deeds. We review sales in Jefferson (Hidden Valley) and Middlecreek (Seven Springs) Townships on a weekly basis. We have the ability to search records in Somerset, Fayette and Westmoreland counties to assist our clients.

Prices do not reflect bill of sales and other out of settlement transfers. Furnishings, which are included in the majority of sales are assigned no monetary value. We do not post transfers that carry $1.00 values

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Hidden Valley, PA 2010 February Resale Transfers

1228 Gristmill   $138,000
    36 Stonewood     $70,000

We keep a multitude of statistical information and welcome the opportunity to share our market knowledge with motivated parties.

Recorded sales transfers for the resorts are acquired electronically from records inputted at the Somerset County Court House, Office of the Recorder of Deeds. We review sales in Jefferson (Hidden Valley) and Middlecreek (Seven Springs) Townships on a weekly basis. We have the ability to search records in Somerset, Fayette and Westmoreland counties to assist our clients.

Prices do not reflect bill of sales and other out of settlement transfers. Furnishings, which are included in the majority of sales are assigned no monetary value. We do not post transfers that carry $1.00 values.

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All information deemed reliable but not guaranteed. Copyright 2022.



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