Summer 2019 Inside Edge Newsletter

SLIFER SMITH & FR AMPTON REAL ESTATE

INSIDE EDGE Va ilRea lE s ta te.co m

SUMMER 2019 IN THIS ISSUE >>

We’ve Grown

2

Your Colorado Connection

3

SSF Market Share & Info

4

Market Trends & Quick Facts

5

Market Watch

6-7

#PlayLocal SSF’s Favorite Local Events

8-9

Calendar of Events

Updates from the most trusted name in Colorado mountain real estate since 1962.

10-11

WE’VE GROWN. AND WE’RE JUST GETTING STARTED.

Slifer Smith & Frampton is the #1 Real Estate company in Summit & Eagle counties * with offices in:

VA I L LIONSHEAD B E AV E R C R E E K AV O N BACHELOR GULCH ARROWHEAD AspenRealEstate.com SummitCountyRealEstate.com VailRealEstate.com

2 | I N SID E ED GE

CORDILLERA EAGLE FRISCO KEYSTONE BRECKENRIDGE

& now in... ASPEN B A S A LT GLENWOOD SPRINGS

PALLADIUM PROPERTIES of the Roaring Fork Valley is excited to join SLIFER SMITH & FRAMPTON REAL ESTATE.

We’re excited to announce that two of Colorado’s premiere real estate companies are joining forces.

Palladium Properties, the home grown Roaring Fork Valley agency, is becoming a part of Slifer Smith & Frampton, a locally-owned agency from Summit & Eagle county.

This partnership will take on the Slifer Smith & Frampton name, and will become the largest local and independently owned firm in the region, and a highly competitive alternative for buyers as they weigh their options among real estate firms.

Pictured | Krista Klees, founder of former Palladium Properties and newly appointed Executive Vice President of Aspen/RFV SSF, joins forces with John Pfeiffer, President of Slifer Smith & Frampton Real Estate. *VBR/SAR MLS Data | Slifer Smith & Frampton Real Estate, #1 Company in Market Share throughout both Eagle and Summit Counties, 01.01.18-12.31.2018

S U M M E R 2019 | 3

#1

SSF HANDLES OVER

$1.5 BILLION

SLIFER SMITH & FRAMPTON REAL ESTATE HAS BEEN #1 IN THE VAIL VALLEY EVERY YEAR SINCE 1962.

IN SALES VOLUME

and 1,000+ transactions annually.*

$1.47 B

$1.5 B

$

SLIFER SMITH & FRAMPTON MARKET SHARE* $1.2B

$600 M

$511.8 M $387.3 M

$300 M

S EB Y’ TH SO V LI

B H ER AT K H SH AW IR AY E

VO EN LK G ER EL S &

SSF

&

R A ON SS O BY CI R AT NE ES

K IL EL LI LE A R M S

$124.7M

$108.5 M

$98.3 M

W

$0.0

L B A DW N EL K L ER

$48.3 M

CO

MILLIONS-BILLIONS

$900 M

4 | I N S ID E ED GE

*Eagle County MLS Data from 5.28.18-5.28.19, Residential & Land

MARKET TRENDS & QUICK FAC TS FOR THE PA S T 12 MONTHS *

• The most expensive home to sell in the Vail Valley sold for $23million.

• 1,319 residential listings have sold in the Vail Valley.

• Residential properties sold for an average of 94% of their list price.

• The average sales price for a residential property was $1.22M. • 32.4% of residential properties that sold were priced over $1M. • 96 land listings have sold with an average sale price of $366,178.

CURRENT INVENTORIES * *

• 74 single-family homes available in the under $1M price range.

• 58 single-family homes under contract in the under $1M price range.

• 205 single-family homes active in the $1M+ price range.

• 39 single-family homes under contract in the $1M+ price range.

• 270 active land listings on the market, with an average list price of $979,061.

*Vail Board of Realtors MLS data from 5.28.18-5.28.19 **Vail Board of Realtors MLS data as of 5.28.19 Information is deemed reliable but not guaranteed.

Consult your Slifer Smith & Frampton Real Estate broker for more information.

S U M M E R 2019 | 5

MARKET WATCH | SALES HISTORY R E SIDE NT I A L & L A ND | JA NUA RY 1 - M AY 28 O F E ACH Y E A R

600

VA IL VA LLE Y # O F TR A NSAC T IO NS | BY Y E A R

540

525 490

500

400

384

431

411

431

473

419

349

300

200

10

20 $800M

12

20

12

13

20

20

14

20

15

20

16

20

18

17

20

20

19

20

VA IL VA LLE Y SA LE S VO LUME | BY Y E A R M

$690.3M

$608.2

MILLIONS - BILLIONS

$600M

$533.2M $439M

$400M

$418.4M

|

$568.6M

$450.2M

$366B

$200M

$0M

10

20

6

$411.8M

$479.5M

I N SID E ED GE

11

20

12

20

13

20

14

20

15

20

16

20

17

20

18

20

19

20

*Source: MLS data. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Real Estate Broker for more information.

MARKET WATCH | AC TIVE INVENTORY 2,000

M AY 1S T SN A PSH OT OV E R L A S T 10 Y E A RS

1,791 1,649

1,500

1,320 1,101

1,110

1,161

1,108

1,000

956

500

1,250

12

11

10

14

13

20

20

20

20

20

15

20

925

19

18

17

16

20

20

20

20

921

L A S T 12 MO NTHS

1,156 1,088

1,125

1,000

1,068 994

990

991

999 965

947

951

968 921

May - 19

Apr - 19

Mar - 19

Feb - 19

Jan - 19

Dec - 18

Nov - 18

Oct - 18

Sept - 18

Aug - 18

Jul - 18

750

Jun - 18

875

S U M M E R 2019 | 7

#PL AYLOCAL | SSF’S FAVORITE SUMMER EVENTS

WEEKLY FARMERS’ MARKETS

VILAR PERFORMING ARTS CENTER

The Vail Valley has great local farmers’ markets that take place on the weekends. The most popular being Vail Village’s, the Vail Farmers’ Market & Art Show takes place on Sundays and offers over 135 unique tents with treats and local art. Be sure to check out Minturn’s and Edwards’ summer markets on Saturdays!

The VPAC in Beaver Creek has some great performances planned for the summer in its iconic theater. Some of our favorites: CRAIG MORGAN | JULY 2 JAY LENO | JULY 5 PUNCH BROTHERS | JULY 29 ASLEEP AT THE WHEEL | AUGUST 15

8

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I N SID E ED GE

FREE SUMMER CONCERT SERIES

GOURMET ON GORE VAIL VILLAGE | AUGUST 30 -SEPTEMBER 2

Grab your blanket, sit back, and enjoy these free summer concert series throughout the summer: HOT SUMMER NIGHTS Tuesdays | Gerald R. Ford Amphitheater, Vail MINTURN SUMMER CONCERT SERIES Thursdays | Little Beach Park, Minturn

Enjoy Labor Day weekend in Vail with open-air tastings of culinary delights and world-class beer and wine. Earn your treats with the Gourmet Let’s Go! events including Trail to Table hike, yoga and more!

CONCERTS BY THE CREEK Wednesdays | Creekside Park , Beaver Creek SHOWDOWN TOWN Thursdays | Eagle Town Park, Eagle

S U M M E R 2019 | 9

CALENDAR OF EVENTS

SUMMER 2019

LOCATION KEY VA Vail LH L ionshead MI M inturn

BC Beaver Creek AV Avon ED Edwards EA Eagle

JUNE 18........... Boombox VA 20-22..... Purina Dog Challenge AV 21-23..... Vail Craft Beer Classic VA 21-23..... Vail Arts Festival VA 25.......... The Wailers VA 26.......... Trout Steak Revival VA 26.......... Freddy & Francine BC 28.......... Eagle Flight Days EG 29.......... Cirque Goes to Hollywood BC 29.......... Vail Valley Brew Fest AV

JULY 2............ Jackie Green Band VA 2............ Craig Morgan BC 2............ Independence Day Celebration MI 3............ Jeremy Garrett & Friends VA 3............ Salute to the USA AV 4............ Vail’s America Days VA 4............ Independence Day BC 5............ Jay Leno BC 6............ La Sportiva Vail Hillclimb VA 7............ The Mavericks BC

10

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INSID E ED GE

10........... Hackensaw Boys VA 10........... Traverse Brothership BC 11........... Shenandoah: 30th Anniversary Tour BC 12........... Sounds of Summer Concerts ED 13........... Triple Bypass Bike Ride VA 14........... Steve Martin + Martin Short VA 16........... Big Something VA 16........... Star Dancing Gala EG 17........... The Lonesome Days VA 17........... Ezra Bell BC 17........... Michael McDonald BC 24........... Butcher Brown BC 26.......... Toots & the Maytals BC 29.......... Punch Brothers BC 31........... Buddy Guy BC 31........... Southern Avenue BC

AUGUST 3............ La Sportiva Berry Picker 5K VA 3-5......... Eagle Mushroom & Wild Food Festival EG 7............ The Commonheart BC 7............ Dancing in the Park AV 8-11....... BC Wine & Spirits Festival BC 12-13...... Trey Anastasio Band VA 14........... Steve Miller Band VA 14........... Turkey Foot BC 15........... Asleep at the Wheel BC 16-18..... Circus Bella AV

19........... Nathaniel Rateliff & The Night Sweats VA 20.......... The California Honeydrops VA 24........... Jose Gonzalez BC 27.......... Bone Diggers: Paul Simon Songbook VA 30.......... Billy Strings BC 8/30-9/2.... Gourmet on Gore VA 8/30-9/1.... Oktoberfest BC

SEPTEMBER 1............ Pop Up Concert AV 2............ Bon Iver VA 5............ Gary Clark Jr. VA 6-8......... Vail Automotive Classic VA 6-8......... Vail Oktoberfest LH 6-8......... Septemberfest EG 13-15...... Vail Oktoberfest VA 18........... Jason Isbell & The 400 Unit VA 9/22-10/6...Vail + Beaver Creek .................. Restaurant Week VA + BC

We live here, we work here, we play here.

#livelocal

SUMMER ON-GOING EVENTS Cookie Time

Free Yoga in the Village

Open Water Swim

Blue Starlite Drive-In Movies

Yoga in the Park

Vail Summer Bluegrass Series

Daily: 3PM, BC

Thursdays, June 6-August 22, AV Sundays, June 9-September 1, EG Saturdays, June 22-September 7, MI

Vail Farmer’s Market & Art Show Sundays, June 16- October 6, VA

Summer Minturn Market

Saturdays, June 15-September 7, MI

Moe’s Original BBQ Hot Summer Nights Concert Series Tuesdays, June 18-August 27, VA

Avon LIVE! Concerts in the Park

Wednesdays, June 19 & 26, July 10-August 14, AV

Bravo! Vail

June 20-August 4, check schedule at BravoVail.org

Vail Family Fun Fest

Saturdays, June 22-August 8, VA

Friday Afternoon Club

Starts July 3, check schedule at www.BlueStarliteDriveIn.com Saturdays, June 15-September 7, MI Wednesdays, June 26-July 17, VA

Concerts by the Creek

Wednesdays, June 27-August 14 (Except 7/3), BC

ShowDown Town Concert Series Thursdays, June 27-August 9, EG

Beaver Creek Rodeo

Thursdays, June 20-August 15 (Except 7/4), AV

Vail Jazz at Vail Square

Thursdays, July 4-August 22, VA

Movies Under The Stars Tuesdays, July 2-August 13, BC

Minturn Summer Concert Series Thursdays, July 11-August 22, MI

Vail Dance Festival

July 26-August 10, see full schedule at www.VailDance.org

Fridays, June 21-August 30, LH Fridays, June 28-August 23, BC Fridays, June 21-September 6, AV

SU M M E R 2019 | 11

C .1962