Eagle County to Open New River Access Points Along the Colorado River

Submitted by pete@vail.net on Sun, 06/03/2012 - 9:15am
In 2011, 65, 000 people visited the Colorado River between Pumphouse and State Bridge, a relatively small part of the Upper C.  Eagle County recognized that something needed to be done to spread people out along the portion of the Upper Colorado River that runs through the northwest part of the county.

Vail Resorts Announces A New Gondola For Vail Village

Submitted by pete@vail.net on Fri, 01/06/2012 - 9:06am
To celebrate Vail’s 50th anniversary, Vail Resorts announced that Vail Village will get a new state of the art gondola.  The plan has yet to be approved by the Forest Service,  but that process could be streamlined due to the minimal impact of simply replacing an existing lift.  The new gondola should be ready to whisk skiers up to Mid-Vail for opening day 2012-13.

New Bill To Spur the Real Estate Market

Submitted by pete@vail.net on Sat, 10/29/2011 - 10:10am
Senators Mike Lee of Utah and Charles Schumer of New York have introduced a bipartisan bill to help the reeling real estate market recover. The idea is to offer a 3 year tourist visa to foreigners who are willing to spend at least $500,000 on American real estate. They would not be able to work in the US with this plan, but could spend 6 months of the year in the US, where they would pay property taxes and spend money on America soil. Foreign buyers could help to scoop up some excess inventory at a time when many American buyers are reluctant or unable to invest.

Vail's Gore Range

Submitted by pete@vail.net on Fri, 10/07/2011 - 3:05pm

Price per Foot in Vail Village

Submitted by pete@vail.net on Tue, 09/27/2011 - 1:51pm
Other than list price and number of bedrooms and bathrooms, there are certain statistics that some buyers use when evaluating homes that match their buying criteria. One of these is Price Per Foot. Price per foot is calculated by dividing the price, whether it be the list price or sold price, by the living area square footage. Valuing a home purely by the average price per foot of neighboring homes has the potential to be misleading, but it is one of the few tangibles that can be used in estimating the value of a property.

Vail Racquet Club Real Estate Market Update September

Submitted by pete@vail.net on Fri, 09/16/2011 - 10:58am
Other than list price and number of bedrooms and bathrooms, there are certain statistics that some buyers use when evaluating homes that match their buying criteria.  This is a discussion of two.

Home Improvement and Return On Investment

Submitted by pete@vail.net on Fri, 09/02/2011 - 10:21am
A few well-chosen improvements can add value to your home.  Neat landscaping, new carpeting, and interior painting are the most inexpensive ways to increase value.   Keep the colors neutral; bold colors or unusual design can shrink your pool of buyers.  Additionally, something as simple as reducing clutter can have a big effect, creating the impression of a larger space, and letting prospective buyers know that there is room for their things.

Vail Racquet Club Real Estate Market Update

Submitted by pete@vail.net on Fri, 08/12/2011 - 3:15pm
I recently reported that Eagle County Real Estate in 2011 was looking a lot like 2010.  This is true in terms of transaction numbers.  However, one significant and welcome difference is that inventory levels are down roughly 25%.  Vail Racquet Club has lower inventory as well.  VRC currently has 13 active listings; last year at this time there were 25 listings.  Dollar volume year to date is $3,669,500 with 10 transactions vs. $2,782,000 with 7 transactions in 2010 ytd.

Absorption Rate; how long will it take to get through this inventory?

2011 looking a lot like 2010

Submitted by pete@vail.net on Wed, 08/03/2011 - 3:25pm
Transaction numbers are about the same as last year total to this point, but dollar volume is down about 18%.  Bank owned sales account for 21% of transactions at an average of $328,000.  Of note, there have been 20 sales over $5million, which looks a lot like 2007, the height of our market.  Thanks to Trevor Theelke at Land Title for the numbers.

Land Title's June Market Report in this link

TrTTTra

Vail Village Absorption Rate

Submitted by pete@vail.net on Sat, 07/23/2011 - 3:11pm
There are currently 156 active residential listings in Vail Village.  There have been only 48 sales in the last 12 months (July 23, 2010 to July 23, 2011).  That’s a monthly absorption rate of 4, and a 40 month supply of homes.  A 6 month’s supply is considered a balanced market.  The numbers look a bit better in certain price ranges.  For instance, the $1-3 million range has about a 25 month supply, based on an absorption rate of 2 homes per month for the past 12 months.  It’s worth noting that Vail Village is a very small and unique market, and
Syndicate content

Vail real estate offered by Prudential Colorado Properties. Find the Colorado real estate you are looking for here, first. In addition to Vail, Colorado, we also offer real estate listings of properties for sale in the following Colorado mountain communities; Beaver Creek, Avon, Arrowhead, Edwards, Eagle, and Gypsum as well as several other great Colorado places to enjoy your lifestyle, like ski properties and golf homes. Here you will also find hot Vail interval ownership properties too. Contact one of our Vail valley real estate offices today and find out why we are the leader in helping people buy and sell real estate throughout this Colorado valley.

An independently owned and operated broker member of BRER Affiliates LLC. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation of Prudential. Equal Housing Opportunity