The recent holiday season was one of the strongest in recent memory, certainly since the change in the market in late 2008.  In spite of somewhat sub-par snow conditions (now being remedied with fresh snowfall, literally as I write this), town was full,  shops and restaurants were out-the-roof busy, and the real estate market was extraordinarily active, especially in the high-end niche. 

Showing activity picked up a week before the norm this year, and continued strong through the first week of January.  Nine properties priced $4 million and greater have been placed under contract since Christmas Day, and there are several more that are currently in the midst of negotiations.

The list is diverse, interesting, and focused mainly in Beaver Creek and Bachelor Gulch.  Included is a never-before-offered penthouse at the Park Hyatt/Beaver Creek (the $5.875 list price included what will be a total rebuild of the property)… two slopeside Wiltshire Court properties in Beaver Creek... a five-bedroom penthouse at the Ritz-Carlton in Bachelor Gulch... a single family home in Bachelor Gulch priced at almost $12 million... and a $7.2m single family located in Arrowhead Mountain Estates.  Not to be left out, a $4m duplex property was placed under contract in Vail, and as stated above, there are currently a number of  multi-million transactions that are currently being negotiated here in town. 

Click on the following link to view these properties, along with numerous images and details of each… 

Notable Properties Placed Under Contract Since December 25, 2010

We’ll continue to see results from the holidays come in over the next few weeks.  This is a great way to enter the new year, and it will be fascinating to see if this momentum continues to build, or not.  Stay tuned!