Just a quick run down of notable activity

East Vail had 4 closings at $377/square foot (which is about the same number of closings it has steadily had for the past 6 months, but with a price down from $437 and $431 in November and December). Booth Creek and the Golf Course remained quiet. Vail Village also reported no sales at all in January, which was very unusual. Apparently buyers went to Lionshead instead, since it had 4 properties sold in January at $1,532/sq. ft. (including 3 Ritz’s at $1,688 and 1 Montaneros at $1,065). Other than one sale in Potato Patch and one in West Vail South, all was quiet between Lionshead and Dowd Junction (no sales in Spraddle, Sandstone, Cascades, The Valley, Highland Meadows). Minturn had one property that closed in January; a lovely mobile home on Main Street for $187/sq. ft. Eagle-Vail had 4 sales that averaged $234/sq. ft., which is not much of a change in price or volume from the past several months. Avon saw its price per square foot rise in January, with 7 properties sold at around $313 (up from 7 sold in December, 2010 for $241). It is also worth noting that 4 of Avon’s 7 January sales were Ascent Residences. Beaver Creek had less than half the number of transactions close in January (3), then December (8), although the average sold price per square foot increased from $754 to $856. Bachelor Gulch’s price per square foot was also up—at $969/ sq. ft for the 3 sold in January. Arrowhead remained quiet with no sales, as did Homestead. Singletree had two sales at $270/sq. ft, which is a little better than the previous couple of months, but still very slow. Cordillera had one sale in January at $433/ square foot, which was quite an improvement over the past several sales, and appears to be a unique property (LEEDS certified). Bellyache Ridge had one bank-owned sale in January at $142/sq. ft. which was far lower than the average price per square foot has been in any of the past ten years I am tracking. This sale was one of the few that really caught my attention. Another one was a bank-owned sale in Eagle which amounted to $54/sq. ft. (and needed additional remodel completion.) Eagle Ranch once again saw a few sales (4) at about $175/sq. ft. which is interesting, because the last three months have shown the exact same average price per square foot.
If you are ready to move forward with the purchase of real estate, please contact TheIversonTeam@slifer.net, so we can assist you. Visit our website at: www.ArrowheadatVail.com