Happy Friday!

I was looking yesterday at the statistics put out by the Western Mountain Resort Alliance showing the first quarter sales in each Western resort area. (Towns include Whistler, Park City, Steamboat, Summit County, Sun Valley, Telluride, Teton , Vail, McCall, Grand County, Big Sky, and Tahoe) When graphed, the statistics show a very obvious trend over the past three years. While I think everyone is aware of the dip down, what is impressive to see is that in every resort market, the sales in the first quarter of 2010 have dramatically improved in both volume and number of units sold. The graphs look like a bunch of varying sized "Vs".

On the graphs for average sales price, the trend is still downward in most markets, showing the impact short sales and REOs are having across the board. Once the supply of distressed and bank-owned properties diminish, we will then see prices stabilize and then start to rise. I believe that this will happen in our area towards the beginning of next summer. An early indicator that things may be turning towards the positive is that for the first time in a number of months Blaine County finally saw a drop in loan default notices. The rate of foreclosures will be the next to drop. The reason I mention these statistics is to remind you that Sun Valley is going through the same cycles as all of the other Western resort markets. Once we start to see their markets improve we can expect the same to follow suit in our area.

If you are interested in seeing these statistics, feel free to reply to this email and I'll be happy to send them along.

Pilot Investments is currently working on three very interesting commercial investment opportunities. These deals are not on the market and range in size from $4 Million to $35 Million. They all have very strong tenants and leases. One of the properties has a committment for financing from a very solid lender who is familiar with both the market and the tenant. Please give Rob Hogan or Rob Cronin a call if you would like more information.

Tomorrow I'm taking my kids over Trail Creek Summit to experience the Mackay Rodeo first hand. Then we're off to celebrate Father's Day with Papa Rixon.

Happy Father's Day to all you Dads out there. May your weekend be filled with love and adventure!

Katherine Rixon, Rob Cronin and Rob Hogan

If you know of anyone looking to buy or sell real estate please let us know. We are never to busy for your referrals!

Sun Valley Brokers, LLC
office: 208-622-7722
cell: 208-720-4958
fax: 208-622-7127
www.svbrokers.com
www.pilotinvestmentsllc.com