Led Gardner

Vail Valley Luxury Real Estate Market Update

Tuesday, August 7, 2007

 

Late-Summer Sales Surging

As predicted, one can already sense the surge of late-summer activity heating up. Over just the past week, four significant ski homes in Beaver Creek, Bachelor Gulch and Arrowhead have been placed under contract.


Arrowhead - 2300 Cresta - 10,000 sf single family - Listed at $9,500,000
Arrowhead - 2255 Cresta - 9,959 sf single family - Listed at $10,500,000
Bachelor Gulch - 65 Elkhorn - 10,090 sf single family - Listed at $8,875,000
Beaver Creek - 86 Village Walk - 4,396 sf duplex - Listed at $6,650,000

Addtionally, Lot 38 on Daybreak Ridge/Bachelor Gulch, just closed at $5.8 million. It wasn't too many years ago that homes in Bachelor Gulch sold in the $5 million range! Recent homesite sales such as this indicate that prices of single family homes in Bachelor Gulch will continue to appreciate aggressively.

Stay tuned for additional updates as we move into the final busy weeks of the summer selling season. Thank you!


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