Led Gardner

Vail Valley Luxury Real Estate Market Update

Friday, February 27, 2009

 

The ski season is moving on... what is selling?

As we rapidly move toward the spring ski season, what is selling? In spite of the feeling amongst many that not much property is moving, many buyers are beginning to pick up terrific properties at very attractive prices.

Each of the following 28 properties, listed at $2 million and greater, were placed under contract after September. They have since either closed or are working in that direction!

Arrowhead - Cresta Townhome - Listed at $2,995,000/$1,068 sf - Sold at $2,000,000/$713 sf - February 13, 2009
Arrowhead - Trailside Single Family - Listed at $5,950,000/$978 sf - Sold at $5,350,000/$879 sf - February 18, 2009

Bachelor Gulch - Horizon Pass Townhome - Listed at $5,250,000/$1,133 sf - Sold at $4,250,000/$917 sf - February 11, 2009
Bachelor Gulch - Buckhorn Townhome - Listed at $2,900,000/$762 sf - Under Contract
Bachelor Gulch - Quartermoon Single Townhome - Listed at $4,195,000/$998 sf - Under Contract
Bachelor Gulch - Sky Watch Single Family - Listed at $6,195,000/$965 sf - Under Contract

Beaver Creek - Villa Montane Townhome - Listed at $2,375,000/$954 sf - Sold at $1,900,000/$763 sf - February 26, 2009
Beaver Creek - Larkspur Villas Townhome -Listed at $2,975,000/$721 sf - Sold at $2,500,000/$606 sf - February 4, 2009
Beaver Creek - Elkhorn Lodge Penthouse - Listed at $3,599,000/$1,251 sf - Sold at $3,044,000/$1,057 sf - February 12, 2009
Beaver Creek - Greystone Townhome - Listed at $4,595,000/$1,317 sf - Sold at $4,100,000/$1,175 sf - February 12, 2009
Beaver Creek - Saddleridge Villas Townhome - Listed at $2,800,000/$914 sf - Under Contract
Beaver Creek - Bachelor Gulch Drive Duplex - Listed at $4,600,000/$990 sf - Under Contract
Beaver Creek - Village Walk Townhome - Listed at $6,750,000/$1,478 sf - Under Contract

Cordillera - Divide Single Family - Listed at $2,595,000/$472 sf - Under Contract
Cordillera - Valley Club Single Family - Listed at $6,850,000/$696 sf - Under Contract

Lake Creek - Single Family in Pilgrim Downs - Listed at $5,000,000/$558 sf - Under Contract

Vail - Highland Meadows Single Family - Listed at $2,099,000/$560 sf - Sold at $1,857,250/$495 sf - December 24, 2008
Vail - West Vail Single Family - Listed at $2,250,000/$497 sf - Sold at $1,850,000/$409 sf - December 3, 2008
Vail - Manor Vail Condominium - Listed at $2,600,000/$1,720 sf - Sold at $2,200,000/$1,455 sf - December 2, 2008
Vail - Vail Golf Course Duplex - Listed at $3,900,000/$1,111 sf - Sold at $3,100,000/$883 sf - December 5, 2009
Vail - Willows Condominium - Listed at $2,200,000/$1,588 sf - Under Contract
Vail - Highland Meadows Single Family - Listed at $2,299,000/$508 sf - Under Contract
Vail - Glen Lyon/Cascade Village Duplex - Listed at $2,495,000/$780 sf - Under Contract
Vail - East Vail Duplex - Listed at $2,975,000/$698 sf - Under Contract
Vail - Arrabelle Penthouse - Listed at $11,900,000/$2,207 sf - Under Contract


Compare the sale-to-list prices above... this is why I am encouraging buyers to make an offer... you might be very pleasantly surprised!



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