ROCKIN' OUT!!

Tuesday, April 5, 2011

Something was in the air in March, besides all the snow ...

Last month, the brokers of my firm, Slifer, Smith & Frampton (SSF) wrote $130,589,121 worth of new contracts for real estate in the Vail Valley ... and counting both sides (i.e., deals where SSF brokers were involved on both the "buy" and the "sell" side), the total was $197,272,743

Total number of new contracts written was a remarkable 89 deals.

Here are some comparative $ volumes of new written contracts in previous years which you can use as baselines when looking at our current March performance of $130.6 million:
     March 2010 = $89.2 million
     March 2009 = $31.7 million
     March 2008 = $108.3 million 

Here's a breakdown of last month's contracts::
BY AREA:
     Vail Village = 7 deals
     Lionshead = 5 deals
     East/West Vail = 8 deals
     Avon = 4 deals
     Mountain Star = 1 deal
     Beaver Creek = 7 deals
     Beaver Creek Fractional = 22 deals
     Bachelor Gulch = 4 deals
     Arrowhead = 4 deals
     Edwards = 5 deals
     Cordillera = 2 deals
     Red Sky/Wolcott = 2 deals
     Eagle/Gypsum = 13 deals
     Out of Area = 5 deals

AND BY PRICE:
     $0 -$275,000 = 36 (includes 22 fractional)
     $275K - $500K = 9
     $500k - $1Million = 16
     $1Million - $3Million = 16
     $3Million - $5Million = 5
     Over $5Million = 7 (including 3 deals over $10 million)

Remember, you won't know where the "bottom" was until it's past and the opportunity is behind you.