While real estate volume seems to have slowed up at Red Mountain, prices, for the most part, have remained steady, as the condo owners know that they have something special and aren't desperate to sell.  There are a couple of resales which are quite reasonable, however, owned by people who decided to upsize, and don't need two properties. 

There are still quite a few new condos available in the Slalom Creek and Morningstar buildings, very close to the lifts, a couple of 2 bedroom units in Red Rob's, a 3-bedroom Loft unit, and several places over in the Red Mountain Village area.  Interestingly, while the condo sales have slowed, there seems to have been significant interest in Red's "Caldera" subdivision lot release.  I live up at Red, and hope that some of my new neighbours will decide to be full-time residents.  The "value gap" between Rossland and Red Mountain has closed up quite a lot in recent months, but most people living and working locally still prefer living in the town rather than the resort, for convenience to shopping and schools.

The new Annika Sorenstam-designed golf course at Red is still going through the approval process, and, if approved, will surely result in some new lots, and another great course for the region.  The approval process is by no means an easy one, however, and there are numerous local residents concerned with the fact that the course could potentially affect the city's watershed.  I trust that the experts will study it closely, and if it is approved, I hope that I'll actually be able to afford to golf there.