The Vail Real Estate Market has welcomed 2011 with great real estate opportunities and positive results. The Beaver Creek area had 7 closings in January. Two of those properties, one in Bachelor Gulch and the other in Beaver Creek sold at over $10,000,000 each. Slifer Smith & Frampton Real Estate participated in 6 of those 7 closings. Vail Village had 5 closings in the month of January ranging in price from $2,560,000 to $9,195,000.
The question everyone asks is “Has the market hit bottom in the Vail area yet?” Though we won’t know what the bottom is until we’re looking at it in the rear-view mirror, I can report that the feeling among my colleagues is that we are currently “bumping along the bottom.” The properties that are in top-notch condition and are priced competitively are selling, and buyers are discovering some great values in the properties that are available for sale here in our resort communities.
If you’ve been considering real estate in the Vail Valley, contact me today!
Click to view the full report: January 2011 Vail Valley Real Estate Update
Comments (2)Subscribe to CommentsComment