2 Bedroom Condo in Vail, under $250,000 !

4133 Spruce Way Vail, CO 81657

2 beds, 1 baths, $249,000

2 Bedroom, 1 Bath Condo In East Vail. Beautifully remodeled with hardwood and slate floors. River Rock gas fireplace. Newer windows and roof. Kitchen has hickory cabinets, slab granite countertops, stainless appliances. Bathroom has glass tile accents and upgraded fixtures. Light and bright with mountain views and 2 parking spaces.

Listing courtesy of: Keller Williams Mountain Properties

For more information on this home, or other available properties in Vail and Eagle County, Colorado, contact:

Sondra Slappey - Invest In Vail

Sondra@InvestInVail.com    cell: 970-376-8000

To see more information on this property, including nearby schools and market info, please go to:  http://www.investinvail.net/listing/mlsid/394/propertyid/V323038/

Real Estate Market Stats for the Vail Valley

Eagle County Residential Stats

    # of Active Listings (as of 2/10/12): 1152

    Total # of Sales in January 2012: 59

In Vail Village and Lionshead, there are 223 properties listed with just 29 sales in the last 6 months producing a 46+ month inventory of properties in these two areas. SELL NOW or sell for less later.

Contact Sondra Slappey Today for a Market Analysis of Your Home.

     Sondra@InvestInVail.com      970-376-8000

Visit my website for market information and all available properties in the Vail Valley and Eagle County:  http://www.investinvail.net/mimarket/zip/81657/

Can Underwater Homeowners Hope for Refinancing Relief?

Most major news sources reported a proposal by the current administration to make refinancing possible for homeowners who are underwater or otherwise may not qualify.  I believe that most homeowners do want to stay in their homes with affordable mortgages. This may help to reduce the number of short sales in the future which would be good for real estate values across the country.

http://finance.yahoo.com/news/obama-proposes-home-loan-refinancing-181200801.html

Yahoo Blurb on Decreasing Home Prices

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

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

Exterior	Exterior
Foyer/Entry	Dining Room
Family Room	Kitchen
Kitchen	Kitchen

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

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 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

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.

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/

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)

---

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!

---

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.

Getting Excited about Vail Real Estate

Steals and Deals! Check out our VAIL / BEAVER CREEK HOT LIST which features only properties that I would sell to my mother.

I am adding a Sunridge property to the list because:
     1. It is a short sale so who knows how low it could be obtained.
     2. You need not lift a finger as the remodel is IMMACULATE.
     3. This will always be a wonderful rental property.
     4. This is so nice you could live in it and Like it!
     5. As always, this is right across from the Beaver Creek parking lots.

 
http://www.investinvail.com/hot_list.php

Call me for the scoop!

Vail Valley Real Estate Statistics October 2011

Click on Graph to Open a Larger View

Look for this to be published every month to out blog. You can also sign up for our newsletter to receive lots of interesting information about the Vail Valley Real Estate Market at www.investinvail.net

Commentary on Vail Real Estate September Statistics

The Vail valley real estate market saw a nice uptick in business in the later part of the summer and into the fall with 89 closings valley wide in September. As expected during a recession or depression or whatever you want to call this cycle, the majority of activity continues to be in the under $500,000 price range. Because there are more, lower priced listings in the Eagle and Gypsum areas, those markets continue to see somewhat brisk sales activity. Short sales and foreclosures still dominate the down valley markets and will continue to do so for quite some time. Luxury buyers are striking bargains in the resort areas as most sellers are highly motivated to make deals. Regardless of whether or not we are at the bottom, it is still a good time to buy in this valley. Reservations are looking very strong for the ski season which is a good indicator that Vail is likely to have a strong winter season.