Another "Big Hit" Real Estate Sale...

... this one in Beaver Creek

Beaver Creek is coming out of the blocks strong this year, led by the recent $10,500,000 sale of the penthouse at One Beaver Creek Place!  Encompassing the top two levels of this slopeside, boutique building, this beautiful property boasts views of the ski mountain from almost every room. The ski access is as good as it possibly gets... step out your door and onto the slopes.

Having been listed as high as $12.25mm, the purchase price is representative of where top-knotch, premium properties are now trading in Beaver Creek.  It also demonstrates that there are buyers in the market seeking the "best-of-the-best", and when priced appropriately, these properties will sell.



The new owner of this penthouse immediately recognized the special, one-of-a-kind nature of this residence.  His family will greatly enjoy one of the Vail Valley's most unique and special properties... no matter the vagaries of the market over the years ahead. 

Of note, they are also representative of the savvy buyers who are now taking advantage of rare real estate opportunities such as this in Vail, Beaver Creek and Bachelor Gulch.



Noteworthy real estate sales in the Vail Valley

Update from the recent holiday season

The Vail Valley real estate market continues to show flashes of brilliance as we work our way out of the changes which hit us in the fall of 2008.  The most recent evidence of this are a number of notable properties which have been placed under contract over the past few weeks, and are now beginning to close.  Many of these have been on the market for extended periods of time, and are now being picked up by savvy buyers who recognize, and are acting on, the opportunities these properties represent.

These sales are occuring up and down the valley, too, reflecting a balanced demand for property in Vail, Beaver Creek, Bachelor Gulch and other areas.  Enclosed in the following link are several examples of this, including the sale of an $8.9mm single family and $9.2mm penthouse in Vail... an $8mm single family in Beaver Creek, and a $10.3mm single family in Bachelor Gulch.

Properties placed under contract, though not yet closed, include a penthouse in Vail listed at $9.35mm... another penthouse in Beaver Creek listed at $11.2mm...  and an $8.9mm single family in Bachelor Gulch.  A couple of notable sales at Solaris in Vail are currently circulating the rumor mill... time will tell if these are merely rumor, or fact.

Recent Notable Vail Valley Real Estate Transactions

Are these sales indicative of a strong winter/spring selling season  ahead of us?  Time will tell... stay tuned!



Noteworthy real estate sales in the Vail Valley

December 1 - 15, 2010

Noteworthy real estate transactions continue to close here in the Vail Valley as we wind up the fall "off season" and look ahead to the coming holidays. 

The next 30 - 45 days will prove to be a litmus test for how our real estate market will perform over the winter/spring selling season...  all of our new projects are now open and ready for sales... prices are oftentimes "flexible" if not downright in bargain territory (for Vail... everything is relative in today's world!)... and after months (if not years) on the market, many sellers are highly desirous to wrap up a sale in the near future.

Looks like an opportunity to me... as it has to the savvy buyers who purchased the properties found on the link below.  Please call if I may be of assistance as you consider property in Vail.  It would be my pleasure to help you and your family in any way possible... whether with real estate... dinner reservations... or simply a first-hand update on our most recent snow conditions!  970-376-0223.

Notable Vail Valley Real Estate Transactions December 1 - 15, 2010

November saw continued good activity in Vail, Beaver Creek, Bachelor Gulch and the rest of the Vail Valley, as new owners were closing on property an looking ahead to the start of the ski season (and what a great start it was... see "The G Line" for details!). 

Sixteen properties listed at $2 million and above closed during the month, highlighted by a $7.3 million condominium at Solaris, and $8.5 million single family sale in Bachelor Gulch, and a $6 million single family sale at The Summit in Cordillera. 

Please click on the link below for a run down of the sales, and in the meantime, get your gear ready for some great skiing!

November's Noteworthy Real Estate Sales in the Vail Valley



Real estate sales activity continues to be solid as we move through the off season and begin looking ahead to Opening Day on the 19th... a huge improvement over a year ago!  Please click the link below for a sampling of notable real estate sales which have closed since the first of the month.

http://vail.mlxchange.com/Pub/EmailView.asp?r=1112895042&s=VAI&t=VAI

When viewing these sales, please keep in mind that, in most cases the listing prices you see are only the most recent... with but one exception, they have been notably reduced from their original list prices.  The sale-to-original list discount for the resale properties in this group averaged 27.3%, and in one case, reflected a discount of over $3.3 million.

Discounts such as these, along with a rich inventory and the lowest interest rates in 50- 60 years are why many savvy buyers see this as an attractive window of opportunity for acquiring Vail Valley real estate.

Yes... the market is slower than in past years.  And yes, sales are still occuring in spite of the slower pace!  Many astute buyers, long familiar with Vail Valley real estate, are viewing the current times as the the best opportunity to acquire luxury property at prices not seen in many years. 

As the saying goes... "Be fearful when others are greedy... and be greedy when others are fearful."  

Click the link below, and then enjoy flipping through the pages to see several examples of this philosophy at work in Vail, Beaver Creek, Bachelor Gulch and other high end areas of the Vail Valley!

Notable Sales June - October 2010