Suncadia achieves more than $27 million in real estate sales in early 2013
Mountain Resort Serves as a Barometer for Real Estate Sales Forecast with 60 New Home Starts Projected for 2013
Roslyn, Wash. – (July 17, 2013) – Suncadia, a year-round mountain resort located 80 miles east of Seattle, started 2013 with a jump in real estate sales, demonstrating that consumer confidence and the real estate market are rebounding.
Real estate sales through its brokerage, Suncadia Real Estate Sales Company, reached more than $27 million in the first half of 2013, and are forecasted to increase throughout the year as the demand for second homes in the Pacific Northwest continues to rise. This continued growth comes after encouraging real estate sales numbers from 2012, when Suncadia closed more than $42 million, representing its best year in home sales since 2008.
Since properties became available in 2003, Suncadia has sold more than 1,300 homesites and condominiums. The real estate sales success Suncadia achieved in 2012 more than doubled that of 2011 and sales are forecasted to continue to grow in 2013.
“We’re seeing customers are once again comfortable pursuing their plans to build,” said Richard Seay, vice president, director of sales and marketing for Suncadia. “Construction costs are still relatively low, and people are once again making the decision to build. It’s exciting to see the promising growth and expansion of the Suncadia community.”
A projected 60 new home starts will be developed in 2013, an increase from 40 starts in 2012. Two brand new builders have entered the game – Bella Villa Homes of Ridgefield, Wash. and Element Residential, Inc. of Bothell, Wash. – purchasing a combined 23 homesites in the Prospector’s Reach neighborhood, marking the first multiple-home development by builders since 2008.
Suncadia offers nine distinct neighborhoods to suit a variety of styles – Suncadia for a resort village experience with The Lodge, Rope Rider, Prospector, Black Nugget, Trailhead and Prospector’s Reach communities; Nelson Preserve for dramatic views and access to the river; and Tumble Creek for a private escape on estate homesites – and provides vacation homes, home sites and condominiums ranging in price from $65,000 to $2 million.
“2013 started off as a great year for Suncadia real estate, and we are excited to continue this momentum throughout the year,” said Roger Beck, managing director of Suncadia. “Suncadia offers an unmatched setting for second homes, and customers are jumping at the chance to build in our resort community.”
Suncadia offers a variety of amenities including Prospector and Rope Rider golf courses, Portals Restaurant, the Swim & Fitness Center and the Glade Spring Spa. Suncadia is the only resort of its kind to feature championship golf on two resort courses and a winery within its boundaries, Swiftwater Cellars, which crushes grapes on-site and offers premium Swiftwater Cellars’ wines. In addition, Tumble Creek homeowners have access to the private Tom Doak designed Tumble Creek golf course, can grab their families for a game of Bocce Ball and are able to experience high-end camping at the exclusive Sasse Mt. Outpost for a comfortable retreat in the woods,
Seasonal activities and events at the property include the Summer Outdoor Movies, Harvest Festival and Winterfest, outdoor concerts at Swiftwater Cellars, miles of hiking and biking trails, winter ice skating, guided fly fishing tours, paddle boards rentals and much more. For more information about real estate opportunities at Suncadia, please visit www.suncadia.com, email discover@suncadia.com or call Suncadia’s Real Estate Sales Center at 1-800-667-1828.
About Suncadia
Suncadia has quickly become a recreational playground for Seattleites and travelers across the Pacific Northwest. Located 80 miles east of Seattle in the Cascade Mountains, Suncadia is a world away from the hustle and bustle of the city, offering a unique combination of activities and amenities that make it an ideal Northwest getaway and resort residential community. Suncadia Resort received the 2013 AAA Four Diamond Award, the fourth time the resort has received this award since its opening in 2007.
Suncadia is set on six miles of pristine Cle Elum River frontage, with 80 percent of the resort community designated as open space. It features over 50 miles of hiking and biking trails and is a certified Built Green Community. Its three golf courses - Prospector and Rope Rider Golf Courses and the private Tumble Creek Golf Course - were ranked among the top ‘10 Best New Courses in America’ in 2006 and 2011 by Golf Digest. Rope Rider, was named 2011 Best New Course of the Year by Golf Magazine.
Amenities at Suncadia Resort include Portals restaurant, two bars, the Suncadia Swim & Fitness Center, a skating rink and outdoor amphitheater, and the LEED Silver-Certified Glade Spring Spa. Ownership opportunities throughout the resort vary from condominiums to cabin-style homes to open lots for custom homes throughout nine individual neighborhoods. Suncadia Resort is operated by Destination Hotels & Resorts, a subsidiary of Lowe Enterprises, Inc. For more information about Suncadia, please visit www.suncadia.com.
Suncadia is also home to the renowned Swiftwater Cellars winery, Washington’s ultimate destination winery, offers guests an unparalleled experience complete with fine wine and excellent service. Please visit www.swiftwatercellars.com
About Destination Hotels & Resorts
Destination Hotels & Resorts is a privately held hospitality management company headquartered in Colorado. With more than 35 independent, luxury and upscale hotels, resorts and golf clubs, Destination is the third largest hospitality management company in the country. The company’s portfolio features more than 9,100 guest rooms, 16 golf courses and 16 full-service spas. Destination Hotels & Resorts properties are located in key metropolitan and resort markets including Washington, D.C., Seattle, Denver, San Diego, Santa Fe, Aspen, Austin, Phoenix, Portland, Palm Springs, Palos Verdes, Maui and Lake Tahoe. The company is a subsidiary of Los Angeles-based investment, development and management firm Lowe Enterprises.
For a complete list of properties in the Destination Hotels & Resorts collection, please visit www.destinationhotels.com.
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Sarah Ducharme Fulghum / Jessica Dawson
sarahf@richmondpr.com / jessicad@richmondpr.com
Richmond Public Relations / (206) 682-6979
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