Dear Broker, agent, or client with an active interest in Laurel Highlands properties located in the SW Pennsylvania real estate market. You are on the confidential "property update" e-list of "Abe" and "Wags" Wagner, Realtors and resort property specialists, Prudential Preferred Realty. If this comes to you in error or is a duplicate our apologies, just let us know and we will correct our mistake. This update is not an attempt to solicit the offerings of other brokers and is for informational purposes only. Properties referred to are those listed or represented by our team and do not represent all properties in market area. If you are a hot buyer/seller contact us for daily updates, you will need them in this market. For previous reports go to our Property Update page at www.AbeAndWags.com. To contact us use the e-mail in the signature block or reply to this update.

Hidden Valley is active for properties below $300K, with many selling within days at full asking price. Properties over $300K are still waiting for this years new construction prices to be released, which should have a positive impact on this price point. Prices range from 1BR, 1B at $107,500 to 6BR, 5 1/2B slopeside for $860,000.

Seven Springs is neutral in all price points with increasing days on market. Prices range from $138,000 for a 1BR, 1B in Swiss Mountain to $4.6M for an impressive home in Pheasant Run.

With new ownership at both resorts upgrading, adding new amenities, improved snowmaking, and expanding their marketing efforts we expect to see solid visitor counts even with a mild winter.

2007 reports for Pittsburgh and SW PA are promising, with MLS stats showing an average increase in home sales prices of 2.9%, steady economy and job growth, and recent quotes of low fixed mortgage rates of 5.6%/ 30 year and 5.25%/ 15 year. Forbes Magazine rated Pittsburgh #2 as one of the top 10 stable real estates markets in the US in the October 2007 edition, with Seattle being first.

Even though resort area total sales were down in 2007, we feel that those buyers are still in the market place and are seeing signs of a much more active first quarter at Hidden Valley with 15 recorded sales in January compared to 4 in January 2007. Seven Spring was slower with 3 recorded resales sold this year as to 7 recorded in 2007. Overall, we are very optimistic for 2008 and expect to see a solid and improving market in the Laurel Highlands.

For more current information on this area we are frequently updating our new BLOG with resort property transfers and news events. Please post your comments.

Get the sellers disclosure, MLS information, room sizes, taxes, fees, and virtual mapping on the "Property Information" page.

Review our past newsletters on www.ABEandWAGS.com for the update of news events in this area influencing property values and homeowners.

For a FREE NO OBLIGATION referral to an experienced and knowledgeable Realtor in SW PA or other resort areas contact us a Wags@AbeandWags.com.

MLS 709794 219 Ridgeview Drive, Hidden Valley. 6BR, 5 1/2B, Two homes in one. Furnished, 3 fireplaces, ski in/out on Continental Slope, 2 car garage, wooded lot, end of street. When new construction prices are released you will wish you owned this home! $860,000.

MLS 708545 W12 SunRidge, 7 Springs 1BR, 1B, slopeside, awesome east views, furnished, walk to pool and courts. $228,000.

MLS 706800 H-7 SunRidge, 7 Springs Condo, 2 BR, 2 B, fireplace, slopeside, east Somerset country views, furnished, appliances. Just a short walk to the community center and pool, this is a great location and view from the decks. ONLY $255,000.

MLS 705803 1411 St. Rt. 711 Stahlstown. 3BR, 2B contemporary with sauna, hot tub, appliances, stables, barn, regulation clay ring, 10 acres for riding, pond. $400,000.

MLS 702469 CF4 Off Mountain Road, Mill Run, Summer cabin in the woods, 3 season, not insulated, 2BR, 1B, fireplace, on 1.1 Acre lot. Equal distance from resorts and Ohiopyle. Small stream on property. $68,500.

MLS 701860 423 Southwind Court, Southwind, 7 Springs Townhouse so new protective coverings still on the floor. 3BR, 2.5B, garage, 2 fireplaces, public water and sewage, unfurnished, kitchen appliances and flat panel TVs stay. Slopeside, Somerset floorplan. $625,000.

MLS 701188 131 Country Club Ct, Pike Run CC Unique carpenter Gothic style house in prestigious community. 4BR, 3.5B, 3 fireplaces, beautiful flooring and mouldings throughout, in law suite, must see visual tour on this house. Close to resorts.$379,500.

MLS 698978 200 Juniper Lane, Kings Mt. Resort. Mountain chalet, 2BR, 2B, 2 fireplaces, kitchen, unfurnished, 1.4 Acre lot with mature timber. Community private lake and pavilion, public golf course, close to hiking, biking, snowmobile, XC trails, State park. $175,000.

MLS 697649 2506 Swiss Mt, 7 Springs Condo that has been completely refurbished with new baths, kitchen, appliances, lighting, flooring, paint and more. Unfurnished, 3BR, 3B, walk to pool and courts, shuttle to slopes. $319,000.

MLS 693024 113 Chipmunk Ct. Southwind, 7 Springs Townhouse, end unit, lots of glass. BIG with 4BR, 4.5B, 3 fireplaces, lots of upgrades, overlooks Chipmunk lake and not other properties. 2 car garage. $949.000.

MLS 691792 112 Southwind Drive. Southwind, 7 Springs. End townhouse with 3 BR, 3.5 B, 3 fireplaces,overlooks Chipmunk Lake and not other properties. Great floorplan, garage, oversized family room. Occupy now. $875,000

MLS 684563 282 Alpine Heights Road. Last house on left in this quiet community across from the North Gate of Seven Springs. With 8 bedrooms, 6 full baths, 2 half baths, garage, this fully furnished and updated house is one of the largest on the market. Impressive rental history. $679,000.

MLS 682617 270 Pheasant Run Lane. Seven Springs. This 4.7 acre lot in the gated Pheasant Run community of Seven Springs offers wooded home site, UG utilities, public water and sewage, and shuttle to the resort. Surrounded by $1M+ homes. $240,000.

MLS 689205 Fire Tower Road Parcel. This 35 acre hilltop parcel is only 1.5 miles from both resorts and fronts Fire Tower Road across from the Seasons View Plan. At 2960+ feet is one of the highest hilltops in the area and offers incredible views. Spectacular home site or subdivide. $485,000.

MLS 669801 Lot on Faust Lane, Champion. This .6 acre vacant lot is perked and surveyed. No restrictions as to the structure, so trailer, modular, or log home would be OK. 100 yards off County Line Road, just 6 miles from Seven Springs. ONLY $24,900.

MLS 668567 O9 SunRidge 7 Springs Condo 2BR, 2B. Furnished, ski in and out, walk to pool and community center. Green space off deck, great location, stone fireplace. Best priced Gemini floor plan listed in this community. $309,000.

MLS 655367 Lot 1 Oak Ridge Estates, Champion. 9+Acre lot, perked, buyer will have to drill well and install septic. Association, covenants, paved road, underground utilities. This lot has MOUNTAIN VIEWS. About 8 miles from 7 Springs on Pgh. side. $58,500.

MLS 704523 V2 SunRidge, 7 Springs Townhouse with 3BR, 3.5B, fireplace, garage, nicely furnished and close to the slopes, pool, and courts. Very desirable spacious floorplan in prime community. $450,000. SOLD $430,000, 96% of list, 46 DOM.

MLS 703370 1454 Gebhart, HiddenValley Townhouse with 3BR, 2B, fireplace, nicely furnished, walk to almost everything, at end of dead end street, great back deck. $183,900. SOLD $178,000, 97% of list, 58 DOM.

MLS 700371 475 Earl Ansell, Kings Mt. Resort, Well maintained chalet, wood burner, 2 upstairs sleeping rooms, 1 B, on double wooded lot close to State Forests, snowmobile trails, and hiking. Private fishing lake and public golf course. $89,900. SOLD $85,000, 95% of list, 19 DOM.

MLS 697046 56 Valley View, Hidden Valley Updated and very clean 3BR, 2B over looks slopes, close to lodge and fitness center. Very nicely furnished, hot tub on the back deck. $149,000. SOLD $152,000, 102% of list, 41 DOM.

MLS 673886 2488 County Line Road, Champion, Completely renovated and furnished 4BR, 3B has updated kitchen, all flooring, furnishings, electrical, heating, interior paint, exterior stained and treated. Stunning view of north face slopes. Landscaped lot. $700,000 SOLD $668,000, 95.4% of list, 111 DOM

MLS 672595 1236 Gristmill, Hidden Valley Condo, End unit, 2BR, 1.5B nicely furnished, stone fireplace, loft,deck views pond and evening sunsets. Close walk to slopes, pool, and courts. $144,900 SOLD $140,000, 96.6% of list, 144 DOM.

MLS 680639 1530 Gardner Road, Bakersville, This 3BR, 1.5B neat modular sits on 5 +/- acres on the road into Hidden Valley. 2 car garage, wooded home site well off road offers private home and yard. Additional 9 +/- Acres for another home site $225,000 UA

Research of sales in resort areas not represented by us personally from MLS and courthouse records are kept privately by us in our office. If you want our perception as to property sales history and potential value of your property in this area please contact us directly.

We need properties to sell. Properly priced and prepared properties are selling. To see how our " Key to Close" FULL SERVICE marketing plan and REDUCED EXPENSES gets results and GETS MORE MONEY FOR YOU. For a FREE EVALUATION and how your property could do in this market place call me direct at 412-551-1859 or reply to this e-mail.

You are authorized to forward this update in entirety to other interested parties. If you have parties who would like to get this e-update directly please have them e-mail me with "LH UPDATE REQUEST".

Note, please ask specifically for Abe or Wags if you have questions on a property, market conditions, or how your home fits in this market.

The information contained in this message may be CONFIDENTIAL and is for the intended addressee only. If you are not the intended addressee, please notify the sender immediately and delete this message.

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