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
Showing posts with label distressed vail real estate. Show all posts
Showing posts with label distressed vail real estate. Show all posts
Wednesday, January 18, 2012
Friday, December 9, 2011
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.
Wednesday, September 28, 2011
Ritz Carlton Vail - Something to Consider
Reasons why I think this project offers value in the Vail Real Estate market:
1. Vail Resorts is offering discounts and tremendous incentives to buyers right now. Previous incentives included lifetime ski passes, social memberships to the Arrabelle Club in Lionshead, Red Sky Ranch Golf memberships, etc....
2. While the present location may be only a "B," the future development of EverVail will turn this into an A++ location.
3. The amenities and service level are unbeatable and meet the discriminating expectations of a true luxury buyer.
4. The potential to generate rental income which may offset fixed expenses such as dues and taxes in substantial.
2. While the present location may be only a "B," the future development of EverVail will turn this into an A++ location.
3. The amenities and service level are unbeatable and meet the discriminating expectations of a true luxury buyer.
4. The potential to generate rental income which may offset fixed expenses such as dues and taxes in substantial.
Wednesday, August 10, 2011
Is Resort Real Estate in Vail and Beaver Creek a Timely Alternative Investment?
With the Dow see-sawing on a daily basis and global headlines predicting another economic meltdown, why not consider investing in something that can generate current income? The price declines in Vail and Beaver Creek real estate have generated some outstanding opportunities to acquire properties that serve the dual purpose of vacation home and income producer. Recent resort sales of platinum rental properties have demonstrated gross current income of 5-8% before taxes and expenses. Owners typically pay 55-60% to the management company which markets to and books the renters, provides housekeeping, check in services, etc… Owners can come and stay at their chosen times and still enjoy the benefits of strong rental income to offset expenses and taxes while typically enjoying substantial tax deductions. Ask your accountant if your travel expenses could be deductible as well. Investors also benefit from likely future price appreciation in the Vail and Beaver Creek real estate markets.
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