Saturday, April 9, 2011
I am going to put my posts on hold for a while ... while I have shoulder surgery. The doctors and therapists estimate a 6-week recovery period. So, I'll see how I do and get back to posting as quickly as I can.
LATEST STATS for all EAGLE COUNTY RESORTS
Saturday, April 9, 2011
February's performance data for all of Eagle County, compiled by Land Title Guarantee Co. Inc., has just been released. Eagle County encompasses all of the resorts of the Vail Valley -- including Vail, Beaver Creek, Lionshead, Arrowhead and Cordillera.
February continues the pace set last January ... 82 transactions compared to January's 90 ... which is a bit disappointing because February numbers typically get a boost from the Presidents' Week holiday. January and February's pace was pretty much the same as 2010's. I guess I have to thank the heavens for March's performance which dramatically picked up the pace ... see my most recent, prior post "Rockin' Out' dated April 5th.
February's 82 transactions had an average price of $1,000,000. While 45% of all transactions are still being sold for under $500,000, there were 5 transactions over $5 million that helped jump our average sales price for Eagle County to the $1 million figure.
Bachelor Gulch had one sale in February selling for $8.9 million. Condominiums at the new SOLARIS in Vail Village continue to sell at an average price of more than $7 million with 3 sales in 2011 totaling $22 million. Condominiums at The Ascent at the foot of Beaver Creek are also playing a large role in the 2011 statistics reporting 19 sales totaling $10 million; the Ascent units are averaging $362 a square foot.
Avon was the area with the most transactions in February with 18. There were 6 sales in Vail Village accounting for 80% of the total dollar volume in Eagle County.
To see a detailed breakdown of the activity behind these stats, please click this link to the Land Title numbers:
Land Title’s February 2011 Market Analysis .
And, of course, contact me with any of your questions, comments or requests at cmiskell@slifer.net. I am here to help.
February's performance data for all of Eagle County, compiled by Land Title Guarantee Co. Inc., has just been released. Eagle County encompasses all of the resorts of the Vail Valley -- including Vail, Beaver Creek, Lionshead, Arrowhead and Cordillera.
February continues the pace set last January ... 82 transactions compared to January's 90 ... which is a bit disappointing because February numbers typically get a boost from the Presidents' Week holiday. January and February's pace was pretty much the same as 2010's. I guess I have to thank the heavens for March's performance which dramatically picked up the pace ... see my most recent, prior post "Rockin' Out' dated April 5th.
February's 82 transactions had an average price of $1,000,000. While 45% of all transactions are still being sold for under $500,000, there were 5 transactions over $5 million that helped jump our average sales price for Eagle County to the $1 million figure.
Bachelor Gulch had one sale in February selling for $8.9 million. Condominiums at the new SOLARIS in Vail Village continue to sell at an average price of more than $7 million with 3 sales in 2011 totaling $22 million. Condominiums at The Ascent at the foot of Beaver Creek are also playing a large role in the 2011 statistics reporting 19 sales totaling $10 million; the Ascent units are averaging $362 a square foot.
Avon was the area with the most transactions in February with 18. There were 6 sales in Vail Village accounting for 80% of the total dollar volume in Eagle County.
To see a detailed breakdown of the activity behind these stats, please click this link to the Land Title numbers:
Land Title’s February 2011 Market Analysis .
And, of course, contact me with any of your questions, comments or requests at cmiskell@slifer.net. I am here to help.
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.
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.
BULLETIN! MAJOR INTERSTATE CLOSURE
Sunday, April 3, 2011
Just in case you'll be heading to/from Vail or just traveling east or west on this major Interstate artery, I want to alert you about an ALL-DAY CLOSURE of the I-70 corridor in BOTH DIRECTIONS which is scheduled for next Tuesday, April 5th and, maybe/probably into Wednesday, April 6th.
Interstate 70 will be closed between Exit 205 (Silverthorne) and Exit 232 (Empire/U.S. 40) for boulder removal near Georgetown, Colorado.
The closure will most likely back traffic up for miles. Contact me at cmiskell@slifer.net and I email you details about the closure together with a perfectly hair-rasing photo of the area to be "fixed".
Plan accordingly! I don't want you to get stuck anywhere near there.
Good thing I didn't post this on Friday (April Fool's Day). No one would have believed me.
Just in case you'll be heading to/from Vail or just traveling east or west on this major Interstate artery, I want to alert you about an ALL-DAY CLOSURE of the I-70 corridor in BOTH DIRECTIONS which is scheduled for next Tuesday, April 5th and, maybe/probably into Wednesday, April 6th.
Interstate 70 will be closed between Exit 205 (Silverthorne) and Exit 232 (Empire/U.S. 40) for boulder removal near Georgetown, Colorado.
The closure will most likely back traffic up for miles. Contact me at cmiskell@slifer.net and I email you details about the closure together with a perfectly hair-rasing photo of the area to be "fixed".
Plan accordingly! I don't want you to get stuck anywhere near there.
Good thing I didn't post this on Friday (April Fool's Day). No one would have believed me.
SLIFER'S 2010 ANNUAL MARKET REVIEW
Saturday, April 2, 2011
The 2010 Annual Market Review prepared and published by my firm, Slifer, Smith & Frampton Real Estate has just been released.
It's a comprehensive overview of the real estate market in the Vail Valley and is the most consistently requested of all of Slifer, Smith & Frampton's publications.
It's a fabulous, informative, good looking piece, and I know you'll enjoy it. Email me at cmiskell@slifer.net and I'll immediately shoot you a copy in PDF format. That's the best I can do today but Monday I will try to obtain a version I can link to and I'll add the link to this blog post.
The 2010 Annual Market Review prepared and published by my firm, Slifer, Smith & Frampton Real Estate has just been released.
It's a comprehensive overview of the real estate market in the Vail Valley and is the most consistently requested of all of Slifer, Smith & Frampton's publications.
It's a fabulous, informative, good looking piece, and I know you'll enjoy it. Email me at cmiskell@slifer.net and I'll immediately shoot you a copy in PDF format. That's the best I can do today but Monday I will try to obtain a version I can link to and I'll add the link to this blog post.
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