Last month my firm, Slifer, Smith & Frampton Real Estate, wrote more than $52,000,000 in new business ... actually, $63,000,000 when you take into consideration those transactions in which the Company was involved on both the buy and sell side of the transaction.
Here's how those transactions break down:
BY PRICE POINT:
$0-$275,000 = 11 transactions
$275,000-$500,000 = 11
$500,000-$1 million = 11
$1 million-$3 million = 16
Over $3 million = 3
BY AREA:
Vail/Lionshead = 10
Beaver Creek = 12
Avon/Eagle Vail = 5
Arrowhead = 1
Edwards = 3
Cordillera = 9
Red Sky Ranch = 2
Eagle/Gypsum = 7
Out of Area = 3
GOOD NEWS FOR VAIL VALLEY REAL ESTATE
Trevor Theelke, Market Analyst for Land Title Guarantee Company, reports that September's real estate sales here in Eagle County, the home of the Vail Valley, topped 100 transactions and $100,000,000.00.
75% of the transactions were for property that sold for less than $1 million per transaction.
42% of the $100,000,000 in dollar volume was generated in the under-$1 million range.
3 properties sold for more than $4 million each.
Arrowhead Ski Resort, just west of Beaver Creek Resort, generated $11,000,000 in sales last month.
To receive a breakdown of September's market data, contact me at cmiskell@slifer.net or at www.UpscaleVail.com.
75% of the transactions were for property that sold for less than $1 million per transaction.
42% of the $100,000,000 in dollar volume was generated in the under-$1 million range.
3 properties sold for more than $4 million each.
Arrowhead Ski Resort, just west of Beaver Creek Resort, generated $11,000,000 in sales last month.
To receive a breakdown of September's market data, contact me at cmiskell@slifer.net or at www.UpscaleVail.com.
GOOD NEWS FOR QUALIFIED HIGH-END BUYERS
It's official.
Nancy Keates, writes in THE WALL STREET JOURNAL, "The hard sell has hit high-end ski areas ... As luxury ski areas go into deep freeze, sellers capitulate to market realities."
I can tell you for sure that there are some fabulous deals to be had in the Vail Valley's most presitgious neighborhoods. You can do a property search of your own at www.UpscaleVail.com or contact me and I'll do as many as you'd like for you.
Here's the link to THE WALL STREET JOURNAL article:
http://online.wsj.com/article/SB10001424052748703574604574499413715927316.html?mod=googlenews_wsj
Nancy Keates, writes in THE WALL STREET JOURNAL, "The hard sell has hit high-end ski areas ... As luxury ski areas go into deep freeze, sellers capitulate to market realities."
I can tell you for sure that there are some fabulous deals to be had in the Vail Valley's most presitgious neighborhoods. You can do a property search of your own at www.UpscaleVail.com or contact me and I'll do as many as you'd like for you.
Here's the link to THE WALL STREET JOURNAL article:
http://online.wsj.com/article/SB10001424052748703574604574499413715927316.html?mod=googlenews_wsj
GOOD NEWS FOR VAIL
BLOOMBERG REPORTS that Vail Resorts Inc.'s season pass sales rose 13% in September. Moreover, resort operators are forecasting increases in bookings for the upcoming season. Lodging and slopes close to metropolitan areas such as Denver stand especially to benefit as residents stay closer to home in tight economic times.
The Bloomberg article quotes Rick Saidenberg, a 46-year old money manager from the New York City area, who said, "I feel like skiing is my last chance to experience this whole-body, animal-aggressive feeling I don't want to miss out on. I want to spend less money right now, just like everybody else, but I am still going to go skiing."
Last month Vail Resorts forecast that its earnings before interest, taxes, depreciation and amoritization from its mountain operations and lodging component would climb as much as 9.9% for fiscal year ending July 31, 2010.
The Bloomberg article quotes Rick Saidenberg, a 46-year old money manager from the New York City area, who said, "I feel like skiing is my last chance to experience this whole-body, animal-aggressive feeling I don't want to miss out on. I want to spend less money right now, just like everybody else, but I am still going to go skiing."
Last month Vail Resorts forecast that its earnings before interest, taxes, depreciation and amoritization from its mountain operations and lodging component would climb as much as 9.9% for fiscal year ending July 31, 2010.
MOSTLY GOOD NATIONAL NEWS
The Conference Board's Index of Leading Economic Indicators rose for the 6th straight month in September. The Conference Board predicts future economic activity by measuring current jobless claims, stock prices, consumer expectations, building permits for private homes and other data. Only two of its 10 indicators, i.e., the average work week of manufacturing workers and the number of building permits, were negative last month.
UP AND LINKED AND RUNNING
The trial period is over. Our blog is now fully linked and fully operational. FASTEN YOUR SEATBELTS!!
Snow on the Ski Slopes
Took this picture on my way to my office in Beaver Creek this morning. Snow on the slopes, aspen leaves turning yellow, golf course in great shape. It's gorgeous here.
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