Slifer Smith & Frampton Vail Valley

Real Estate Portfolio Issue 2/4-2/10

View it here first! The newest Slifer Smith & Frampton Real Estate Vail Valley Real Estate Portfolio is ready to view online, and look for a copy in this weekend's Vail Daily. Click the image below to open this online Vail Valley Real Estate Portfolio magazine featuring properties for sale in Eagle County by Slifer Smith & Frampton Real Estate.

If you are thinking of buying or selling real estate in the Vail Valley, please contact me. I’d love to help you call the mountains home!

The year-end real estate sales statistics are in for Eagle County, Colorado. The following report from Land Title Guarantee shows the sales data in comparison to the last four years:

Land Title’s 2011 Year End Market Analysis

HIGHLIGHTS FROM THE REPORT:

- 1,357 total number of real estate transactions in 2011, 9% above 2010 and 45% above 2009. The most transactions ever recorded in Eagle County was in 2005 with 4,023.

- 43 Transactions (4%) over $4 million accounting for 28% of the total residential dollar volume.

- Total dollar volume for 2011, $1,158,048,856, down 23% from 2010, which was $1,497,172,233. While the dollar volume was down from 2010, there was a sales increase of 29% over 2009. Eagle County’s

- The overall average sales price in 2011 was $857,858. The average sales price has decreased this year, 2011, as bank sales rose.

WHO IS BUYING REAL ESTATE IN EAGLE COUNTY? Nearly 40% are locals currently living within Eagle County; another 22% are from within Colorado, which means almost 62% of all buyers purchasing real estate in Eagle County are from within Colorado. Texas is 3rd followed by Florida. International buyers accounted for 2% of the transactions. Below shows a graph of the buyer profile purchasing real estate in Eagle County.

HIGH-END PROPERTIES (OVER$4MILLION) ended the year with 5 more transactions in December. The highest priced transaction sold in December was in Bachelor Gulch for $9.95 million. This sums up a fairly strong 2011 in the high-end market, with a total of 43 transactions (4%) over $4 million accounting for 28% of the total residential dollar volume.

NEWER DEVELOPMENTS: Some of these high-end properties sold in one of the five newer developments in Vail and Avon; Solaris, Arrabelle, Ritz Carlton, Ascent and the Westin. The Ascent had the most sales with 40, while Solaris had the highest average sales price and price per square foot. Overall, these 5 projects accounted for 78 transactions and more than $143 million (12%) in dollar volume. Below is a chart breaking down the sales of each of these projects. Developments Chart

PRICE PER SQUARE FOOT (PPSF) / AVERAGE RESIDENTIAL SALES PRICE: The following report shows the price per square foot for single family, multifamily and residential vacant land for each area throughout Eagle County. Residential PPSF / Average Sales Price Report.

The single family PPSF has fallen county wide by 20% to $255 PPSF since last year while multifamily homes decreased just 9% to $481 PPSF over 2010.

Single family homes in the Cascade/Glen Lyon area saw the greatest PPSF increase at 50% while Minturn saw a 47% decline. Vail Village boasts the highest PPSF for both single family homes at $1,742 and multifamily homes at $1,486.

Bachelor Gulch has the highest average sales price for single family homes at $7.7 million, an increase of 37% over 2010. Beaver Creek multifamily homes had the largest PPSF decrease of 29%, bringing the average sales price to $1.3 million.

Content via: Trevor Theelke Account Manager Land Title Guarantee Company

090 Benchmark Road, Ste. 205 Avon, CO 81620 ttheelke@ltgc.com

Vail, Colorado Daily Photo - Vail Mountain Skiing is much improved!

With well over 24" of new snow this last week, skiing in Vail is much improved! Much of Vail's 6,000 acres is now open with the addition of a good deal of the back bowls and many runs in Blue Ski this last week. The weather forecast for this evening (Feb. 2) is calling for 8" to 10" more. Looks like a powder day tomorrow morning! One of way too few this year.

If you've been waiting for better conditions to come to Vail, stop waiting. From now on you will be missing out!

Photo: NilssonImages.com

Beaver Creek Talons Challenge 2012 Registration Open

If you’ve skied or snowboarded at Beaver Creek, CO, you’ve certainly heard of the “Talons Challenge”. This is a one-day event that takes place each year in which each participant attempts to conquer each of the resort’s 13 crazy-steep and bumpy black and 2xblack diamond runs… in one day!

If you think you’re up for the challenge, check out the details Via www.BeaverCreek.com :

Registration Opens for Annual Talons Challenge and First Annual Talons Kids at Beaver Creek March 3 & 4

Beaver Creek presents the ultimate challenge for skiers and snowboarders at the ninth annual Talons Challenge, slated for Saturday, March 3, 2012 and the first annual Talons Kids challenge on Sunday, March 4. Participants test their mettle and attempt to tackle all 13 of the resort’s steepest and bumpiest black diamond and double black diamond runs on the legendary Birds of Prey World Cup downhill course on Golden Eagle, Grouse Mountain, and on the flanks of Larkspur Bowl. In total, the event includes skiing or riding nearly 24,000 vertical feet in one day.

Those who successfully complete the Talons Challenge will receive a Talons Challenge Beanie, Commemorative Talons Challenge Pin and earn a spot on the electronic Talons Wall-of-Fame at Red Tail Camp. Participants should plan to stay around for the famous Talons Après Party and raffle at Red Tail Camp from 3:30-4pm on Saturday. Registration for the Challenge includes a Talons Challenge Lanyard and Credential, and a free Bratwurst and either a Bud Light or soft drink at the party. Talons Challenge is recommended for ages 13 and up.

On Sunday, March 4, kids age 5-12 will have a challenge all their own with the new Talons Kids. Designed to give younger skiers and snowboarders their very own day to tackle the Talons Challenge, Talons Kids participants can ski and ride at their own pace, amongst others in the same age group and with similar experience levels, all in a relaxed, family-friendly environment. All participants will receive an official Talons Kids Beanie, Commemorative Talons Kids Pin, and the opportunity to win prizes at the Après Party and raffle at Red Tail Camp from 3:30-4pm on Sunday. Registration for Talons Kids includes a Talons Kids Lanyard and Credential, and a free Hotdog and a Pepsi soft drink at the party. The event is limited to children ages 5-12 and participants must be at a minimum a level four skier or snowboarder. .

There will also be two spots to pick up credentials for the Talons Kids on Sunday, March 4.

Registration for the Talons Challenge and Talons Kids is now open and information is online at www.talonschallenge.com. Participants must supply their own ski pass or lift ticket for this event. Lift ticket discounts are available if pre-purchased online at www.beavercreek.com at least seven days in advance.Advance online registration for the adult Talons Challenge is only $35 ($40 day-of entry, cash only); space is limited to the first 1,500 people who sign up. For Talons Kids, advance online registration is only $25 ($30 day-of entry, cash only); space is limited to the first 500 entries.

A portion of proceeds from the event will be donated to SOS Outreach. SOS Outreach provides 5,500 kids with an adventure based youth development curriculum. More information is available at www.sosoutreach.org. Come out for a great day on the mountain and help make a difference in the lives of youth.

Photo courtesy www.beavercreek.com

SNOW!

Yes, another post about the white stuff that falls from the sky. But really, this season has left us snow-hounds begging for something to fall! Who knew that a La Nina year would have us aching for snowfall here in the Rocky Mountains? So far the snowfall has been light, and I mean VERY light.

The good news is the past few storms have brought some great pow to the valley and slopes. It looks like the year of the Dragon might turn out alright after all. Keep it comin' Dragon!

Here’s today’s forecast via www.weather.com