Silver Mountain sold 110 condos in just five hours Saturday, selling out the second phase of its successful real-estate expansion.
“Demand exceeded expectations,” said Stephen Lane, the resort’s director of sales and marketing.
Last year, more than 85 percent of condos in the first phase of Morning Star Lodge were sold on the first day they became available.
That sale broke the dollar record for the sale of condos in Idaho in a single day, according to the resort’s calculations.
Interest in the newest property at the Kellogg resort proved to be just as intense, with potential buyers contacting the company months in advance.
The condos range in price from $150,000 to $650,000.
“People had the opportunity and they certainly snatched them up,” Lane said.
Because of the condos’ success, Lane said, it is likely that the resort will begin planning a third phase of construction this winter.
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