A St r ong Fi r stQuar t erf ort heVai lVal l ey Thi spastMar cht heVai lVal l eyhad129t r ansact i onst ot al i ng$139, 865, 116i nsal esvol umeascompar edt oMar chofl ast yearat118t r ansact i onst ot al i ng$104, 055, 895.Thi scont r i but edt oEagl eCount yendi ngt hef i r stquar t er14% above l astyear ’ syear t odat esal esvol umeandup8% i nt r ansact i ons.Thehi ghestr esi dent i alsal ei nMar chwasasi ngl e f ami l yhomei nBachel orGul chwhi chsol df or$10. 25mi l l i on. Thesi ngl el ar gestcont r i but ort ot hesal esvol umei nMar chwast hesal eofAdam' sRi bdevel opmenti nEagl e.Thesal es pr i cewasonl y$21mi l l i oncompar edt ot heest i mat ed100mi l l i oni nvest edi nt hepr oper t ybyFr edKummer .I ncl udedi n t hi s2, 655acr esal ewasan18hol echampi onshi pgol fcour se,a40, 000squar ef ootcl ubhousewi t hpool ,t enni scour t andspor tcour t , 16, 000squar ef ootgol fmai nt enancef aci l i t y ,f i venewerconst r uct i onspecul at i vehomesr angi ngf r om 2, 838t o6, 405squar ef eet ,f i vemembercot t agesat2, 260squar ef eeteach,91f i ni shedr esi dent i all ot sr angi ngf r om 3. 6t o9. 9acr eseachwi t hal lt henecessar yi nf r ast r uct ur ef ori mmedi at edevel opmentandaf ul l yoper at i onal1, 553acr e r anchwhi chi ncl udesf ut ur edevel opmentr i ght sf orupt o114addi t i onalr esi dent i aluni t s.Fr edKummeri sbestknownas f ounderofAdamsMar kHot el s& Resor t s.Al t hought hi smaysoundl i kea" st eal "t her ei smucht obedoneandmuch t akenonbyt henew owner soft hedevel opment . I fyour emovet he21mi l l i ondol l arAdam’ sRi bsal et hent hesal esvol umei ncr easet hi syearwasl essi mpr essi vei nt he f i r stquar t erwi t hal mostal lt hei mpr essi venumber sbei ngt ur nedi nf orJ anuar y .Ihavement i onedi nmypr evi ousbl og post st hatIbel i evet her ewasabi tofasl umpi nt heot her wi sest r ongl uxur ymar ketdur i ngt hemi ddl eoft heskiseason t hi spastwi nt er .Manyl uxur ybr oker sagr eedt hatt hi swasduet ot heFI S Wor l dSkiChampi onshi peventandt hesubsequentunseasonabl emi dseasonweat her .Thegoodnewswast hel at eseasonbuyer scameouti nf or cehel pi ngper kup t hever yendoft heseasonl uxur ynumber swhi chwi l lt r i ckl ei nmost l yt hr ought hemont hsofApr i l ,MayandJ une. Thepr i mar yhomeownerl uxur ymar ketandt hesummerf ocusedl uxur ymar ket sar eseei ngst r ongact i vi t yi nt he“ of f season”f orpr oper t i esunder3. 5mi l l i ondol l ar s.Thi sst r ongshowi ngi shopef ul l yasi gnofcont i nuedst r ongsummer l uxur ysal est hr oughoutt heVai lVal l eyoncet hesummerseasonbegi ns.Typi cal l yt hesummerseasoni si nf ul lswi ng r i ghtar oundt he4t hofJ ul yandj ustaf t er .Pl easecont actmei fyouwoul dl i kemor ei nf or mat i onaboutt hemar ketorar e consi der i ngbuyi ngand/ orsel l i ngpr oper t y .Iwoul dl ovet ohel p! Mal i aCoxNobr ega
Vail Valley Real Estate Market Report March 2015 -Malia Cox Nobrega
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.