Market off to a fast start!
The sale of multi-million properties in Vail, Beaver Creek, Bachelor Gulch and Arrowhead continues to set the pace for our market as we roll into the New Year, dispelling the concerns some buyers have expressed about the staying power of Vail Valley real estate in the face of many economic uncertainties.
Eight notable ski properties have been placed under contract since January 1, ranging from Vail to Arrowhead. With our current momentum, I expect several more to sell over the remainder of the ski season.
Vail - Northwoods Townhome F6 - Listed at $5,750,000 / $1,300 square foot
Vail - Four Seasons Condominiums #940 - Listed at $7,150,000 / $2,506 square foot
Beaver Creek - 86 Village Walk - Listed at $6,650,000 / $1,513 square foot
Beaver Creek - McCoy Peak Lodge #401 - Listed at $4,395,000 / $1,345 square foot
Beaver Creek - 201 Borders Road - Listed at $9,995,000 / $1,102 square foot
Bachelor Gulch - Horizon Pass Lodge #306 - Listed at $4,539,000 / $1,159 square foot
Arrowhead - 434 Cresta - Listed at $4,095,000 / $1,000 square foot
Arrowhead - 1939 Cresta - Listed at $4,695,000 / $872 square foot
What does this mean to you?
I would again encourage you to discount the negativity that is so pervasive in the national headlines when considering property in the Vail Valley. The old maxim "Real estate is a LOCAL business" has never been more applicable than in today's world.
Our market, as well as most resort markets throughout the Intermountain West, remains solid and active. All indications are that they will remain so well into the future. We have weathered many storms over the years, and most long term owners would tell you that they are most pleased with the performance of their investment in Vail real estate... to say nothing of the wonderful memories they have created with their families over the years. Priceless!
