Vail Real Estate Update

Isn’t is nice when we can all agree on something? Suffice it safe to say that 2011 went out with a whimper in the Vail real estate market, especially for the 1254 active sellers currently trying to find buyers for their properties. In total, 886 residential properties (listed in the MLS) sold in the Vail Valley in 2011. This is almost identi-

cal to the number of 2010 sales. The difference is that prices are down another 15% or more from 2010 and are likely to go down further.....there's alot more to this story.

Eagle-Vail Family Home Listed BELOW Appraised Value!

108 Trout Pond Lane in Eagle-Vail

List Price is BELOW Last Appraised Value!    (9/30/11 appraisal)

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Enjoy this wonderful family home in an excellent location right next to Trout Pond Park at the end of a quiet cul-de-sac. With lots of living space featuring 4 bedrooms, 3.5 baths and a large sunny deck, there is plenty of room to entertain. Kids will love the large recreation room and living next to a park and playground; there's also a 2-car garage. It's only minutes to the new Eagle-Vail pool, amenities and hiking trails. Avid skiers can ski home from Beaver Creek!

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Great family home with lots of space for the family and friends and right next to the park.  Click this link for more information:  http://www.investinvail.net/listing/mlsid/394/propertyid/913037/

    

Residential Sales in Eagle County - November 2011

# of Active Listings (as of 12/4/11): 1183

Total Residential Sales Last Month (Nov): 83

In Vail Village and Lionshead, there are 219 properties listed with just 29 sales in the last 6 months producing a 45+ month inventory of properties in these two areas. SELL NOW or sell for less later.

If you are serious about selling your Vail Valley property and are looking for a serious real estate agent to help, email or call me today and we can discuss your options in today's market.

To search all available properties in the Vail Valley, Beaver Creek and Eagle County, Colorado, please visit my website at: http://www.InvestInVail.net

Investing in Vail Real Estate with Retirement Assets

I am under contract to buy an investment property that may generate an annual current return of 7%.  Are you aware that you can own rental real estate with your retirement funds? If you are of retirement age, take the income, if not, continue to invest.  If you don’t have the stomach to weather a volatile stock market, this may be an excellent option for some of your retirement assets. The structure I am suggesting is not the same as an annuity which could permit use of the property by the owner. This is a straight investment play but focuses on the current yield to the investor.

Vail Real Estate Supply and Demand - SELL NOW!

The price/value equation is the determining factor in whether properties will sell. If buyers do not feel they are getting a bargain, they will move on. Hotel bookings are very strong and up from last year, but the ugly economic paradigm of supply and demand still reigns.  In Vail Village and Lionshead, there are 219 properties listed with just 29 sales in the last 6 months producing a 45+ month inventory of properties in these two areas. SELL NOW or sell for less later.

Buying Rental Real Estate with Retirement Funds

I am under contract to buy an investment property with a partner that may generate an annual current return of 7%.  Are you aware that you can own rental real estate with your retirement funds? I also own 46% of a property with an IRA partner that distributes rental income monthly to my partner as he is over 65. My portion of the income goes into an account that I can invest in whatever I wish (stocks, options, money market, more real estate, etc…).

If you don’t have the stomach to weather a volatile stock market, this may be an excellent option for some of your retirement assets. The structure I am suggesting is not the same as an annuity which could permit use of the property by the owner. This is a straight investment play but focuses on the current yield to the investor. Warren Buffet says: “Be Greedy when others are Fearful and Be Fearful when others are Greedy.”

To talk more about options that may work for you with investing in real estate in the Vail Valley, Beaver Creek and Eagle County, Colorado email me at Sondra@InvestInVail.com (please include your contact info).  I will visit with you about current real estate investment opportunities that may fit your needs.

To search all available properties for sale in the Vail Valley, go to www.InvestInVail.net. 

Market Update: Sell NOW or Sell for Less Later

Inventory has come down as predicted in the Vail Valley as many rental properties are now off the market for the ski season. Holiday buyers tend to be the most motivated of any buyers, so expect some movement over the holidays this year as well-heeled investors (the 1%) have gotten over the shock of the last year.

The price/value equation is the determining factor in whether properties are selling or not. If the ever savvy buyer does not feel that they are getting a bargain, they just will not buy. I expect some more turbulence for the local real estate markets coming into the 1st quarter of 2012. While hotel bookings are very strong and better than last year, the ugly economic paradigm of supply and demand still reigns.

In Vail Village and Lionshead, there are currently 219 properties for sale with just 29 sales in the last 6 months. You can do the math, but I did it for you and the quotient reads that we have a 45+ month inventory of properties in these two areas. So, sell now or sell for less later.

If you are serious about selling your Vail Valley property and are looking for a serious real estate agent to help, email me today with your contact info and I will call you to discuss your options in today's market. -Sondra Slappey  sondra@investinvail.com

To search all available properties in the Vail Valley, Beaver Creek and Eagle County, Colorado, please visit my website at: www.InvestInVail.net

Vail Real Estate and Foreclosures

The Thursday Vail Daily is where we see which Vail homeowners are quite delinquent in paying their mortgages. I read the Thursday paper every week to get a sense of our real estate environment as it relates to the number of homes in foreclosure and their location and potential re marketed listing price.


 Today there were a few more homes in the paper in areas where we don't usually see delinquencies. Arrowhead was included as was East Vail. Again, the majority of the pending foreclosures are homes in the Eagle and Gypsum areas with loans attached that originated between 2005 and 2007.

Sunridge always makes an appearance as there are so man units in the two complexes. I will write about Sunridge as a barometer to the market again shortly.

Expect prices to decline through the winter and even more so for luxury homes.