Home sales data released last Thursday showed sales sdeclinign 2.2% in December vs. November. 2011 was the worst year on record for new home sales in the U.S.. Prices declined 12.8% in the last year overall.
The bottom of the Vail real estate market seems to be firming up as there are plenty of renters who would like to own for less than what they currently pay in rent. The $250,000 and under market is doing very well with strong demand and even multiple offer situations. The rest of the market is not faring so well, unfortunately.
Wath this video for more information. http://finance.yahoo.com/blogs/breakout/don-t-buy-home-home-builder-stocks-matter-190758173.html
Sunday, January 29, 2012
Monday, January 23, 2012
| HOT LIST: 350 Black Bear | |
 | MLS#: n/a |
| Status: Active | |
| List Price: $349,000 | |
| Address: 350 Black Bear Gypsum, CO 81637 | |
| Area: Cotton Ranch, Gypsum | |
| Bed Rooms: 5 | |
| Baths: 4 | |
| Square Footage: 3856 | |
| Remarks: Great family home in Cotton Ranch, on the golf course. Five total bedrooms, Formal living and dining rooms as well as a family room off the kitchen and an extra large family/media/game room downstairs. Large decks, large 3-car garage, great neighborhood. Price/SqFt: $90.50 This is a bank owned property. Property sold As-Is. Buyers must pre-qual with Wells Fargo but may use any lender; cash offers require verification of funds. Listing courtesy of: Coldwell Banker Mason Morse |
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Contact Sondra Slappey TODAY to see this property, or to hear about more HOT PROPERTIES in Eagle County and the VAIL / BEAVER CREEK area.
sondra@investinvail.com or 970-376-8000
Wednesday, January 18, 2012
Vail Real Estate Supply and Demand in Vail Village and Lionshead
As of December 2011, there were 232 active listings in Vail Village and Lionshead with 72 properties selling in 2011. That suggests a 39 month supply of inventory. Here are inventory numbers for some Vail Valley locations.
Vail Village and Lionshead - 39 months of supply
Beaver Creek, Bachelor's Gulch & Arrowhead - 25 months of supply
Eagle Vail and Avon - 13 month supply of homes
Edwards - 14 month supply of homes
Eagle - 10 month supply of homes
Gypsum - 7 month supply
The point being that there must be continued decline in prices in order to bring our luxury markets back into equilibrium. We still have more sellers than buyers.
Vail Village and Lionshead - 39 months of supply
Beaver Creek, Bachelor's Gulch & Arrowhead - 25 months of supply
Eagle Vail and Avon - 13 month supply of homes
Edwards - 14 month supply of homes
Eagle - 10 month supply of homes
Gypsum - 7 month supply
The point being that there must be continued decline in prices in order to bring our luxury markets back into equilibrium. We still have more sellers than buyers.
Vail Real Estate Statistics 2011 Year End
Here is a breakdown of all 2011 residential sales in Eagle County by sales proice:
51% of all transactions were for $500,000 or less
74% of all transactions were for $1 million or less
89% of all transactions were for $2 million or less
Only 11% of transactions were for properties for more than $2 million.
The lower end of the Vail Valley real estate market is getting some legs at last. I am specifically talking about properties priced for $250,000 or less. There is especially strong demand for properties priced under $175,000 that don't need much work. Demand from 1st time buyers is strong. As long as there is verifiable income, loans are readily available as well as assistance for 1st time homebuyers. We post the best opportunities on our HOTLIST page which can be found at www.investinvail.com
51% of all transactions were for $500,000 or less
74% of all transactions were for $1 million or less
89% of all transactions were for $2 million or less
Only 11% of transactions were for properties for more than $2 million.
The lower end of the Vail Valley real estate market is getting some legs at last. I am specifically talking about properties priced for $250,000 or less. There is especially strong demand for properties priced under $175,000 that don't need much work. Demand from 1st time buyers is strong. As long as there is verifiable income, loans are readily available as well as assistance for 1st time homebuyers. We post the best opportunities on our HOTLIST page which can be found at www.investinvail.com
Who's Moving?
In a Wall Street Journal article today, it is reported that only 11.6% of Americans moved in 2011. This is the lowest percentage reported since the Census Bureau began tracking in 1948.
Sunday, January 8, 2012
Residential Sales 4th Quarter 2011
To get most recent market information, at anytime, please go to my website and enter the zip code you want more information about: http://www.investinvail.net/mimarket/zip/81657/
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