March News

2 weeks. That's all that's left in the winter real estate season. Once spring break is over, so is the majority of buying and selling activity in this area. At least until mid-June. The good thing is, we've done very well this winter. In the last 3 months, we've closed just over $19M in sales. In all of 2009, we sold just $22M! And we've got another $8M under contract set to close between April 1 and August 31 of this year.

So although we're not performing at peak levels, we are indeed seeing the market pick up as a result of deals being more available. For example:

Manor Vail - this is the project where East West Partners developed 17 magnificent penthouses on top of the existing building. Of the 17 total units, 13 sold at an average of $2,500 per square foot, which by the way is the same average as under contract units in Solaris and Four Seasons.

As of last week, the developer of Manor Vail has announced a 40% off list price sale on the remaining four units. This puts the price per square foot at only $1,500! So if you buy one of these units, your neighbor in the identical unit will have paid $2,500 give or take while you pay $1,500 per square foot. This is the best deal in town!

In addition, we have a half-duplex listing on the coveted Beaver Dam road near Vail Village which could sell as low as $1,200 per square foot. This is a beautiful home on a pond (stocked with trout) and the sellers have just gone into the foreclosure process with their bank. This is a must sell and will be a great deal. Click the property photo below for more details.

The gap between seasons is a great time to buy Vail Valley real estate. Many of the sellers who thought they would be successful this winter were not and now they are afraid to spend an entire summer on the market with the further fear of being on the market all next winter again.

And by the way, the skiing is fabulous. It's not too late to plan a trip out here. We're open until April 18th!