True to course, the fall season is proving to be quite active!
As predicted several weeks ago, September real estate activity has been strong as buyers make final purchase decisions in preparation for the ski season ahead. In spite of what is happening in select metropolitan real estate markets across the country, luxury ski property in Vail, Beaver Creek, Bachelor Gulch and Arrowhead continues to sell at a strong pace.Since just the first of the month, several landmark properties have closed or been placed under contract, as you can see from the following.Vail Village - The Willows #106 - Under Contract - Listed at $4,500,000 / $2,211 sf
Vail Village - The Willows #204 - Under Contract - Listed at $6,750,000 / $2,400 sf
Vail Village - The Willows #303 - Under Contract - Listed at $8,500,000 / $2,715 sf
Beaver Creek - 66 Village Walk - Sold - $4,945,000 / $1,125 sf
Beaver Creek - 75 Village Walk - Sold - $6,700,000 / $1,238 sf
Beaver Creek - 97 Village Walk - Sold - $6,295,000 / $1,163 sf
Beaver Creek - 872 Strawberry Park Rd - Under Contract - Listed at $11,500,000 / $1,260 sf
Bachelor Gulch - 65 Elkhorn Road - Sold - $8,875,000 / $880 sf
Arrowhead - 2255 Cresta Road - Sold - $9,650,000 / $969 sf
New developments in Vail Village continue to enjoy great success. The Willows, situated just steps to the base area, is now down to one remaining residence. Manor Vail and Solaris, with construction well under way, both continue to place properties under contract. The Ritz Carlton Residences project in Lionshead is also moving along well, and almost 65% of the properties are now spoken for. At the current pace, many of our new projects are likely to sell out over the coming season.
After several days spent previewing property last week, I can report that there has rarely been such a selection of unique, truly one-of-a-kind custom estates available throughout the Vail Valley. From Vail to Beaver Creek to the Lake Creek area, developers are stepping it up a notch when it comes to the creativity, custom design, and special touches found in their homes. When combined with several irreplaceable, spectacular settings, these estates will become new benchmarks in the Vail Valley.
