Two reasons for frustrated buyers to be hopeful. Mortgage rates are back down and inventory levels are rising. Mortgage Rates Experience ‘Summer Swoon’ as Fed Maintains Status Quo“The
Vail Valley Lifestyle And Real Estate Newsletter June 2018
Dated: June 6 2018
Vail Valley Market Trends
Real estate sales in both Beaver Creek and core Vail properties continues to build upon growth in 2017. Unit sales in Vail Village, Lionshead and Cascade Village have increased almost 14% from 2017 while dollar volume is up 5.38%. The “off” snow year didn’t damper the spirits of home buyers as Beaver Creek Resort had flat unit sales but an increase of dollar volume by 3.5%. Given atypical conditions, this should be seen as a win for the market and all expectations are that our core resort markets should continue to see significant activity as inventory builds and the summer selling season commences.
Overall, unit sales for the Vail Valley have increased 6% year to date compared to 2017 and dollar volume is up a healthy 13.23%. Notable market segments include $5m+ sales up 47% and $1 - $2m sales up more than 16% from 2017.
Sales from the middle part of the valley through Gypsum saw healthy activity compared to this time last year, with Eagle and Eagle Ranch the clear standouts up 13% in unit sales and 17.5% in dollar volume. Most neighborhoods are up and that is a clear sign, in an “off” snow year, that the market is healthy and active for those looking to buy and sell. Entry level homes remain limited, with sales of under $300,000 down 60%. Appreciation gains have pushed these homes up, yet home buyers remain active in this category thanks to still-low interest rates. Activity should increase valley-wide and inventory should increase by about 25% through mid-summer.
Overall, unit sales for the Vail Valley have increased 6% year to date compared to 2017 and dollar volume is up a healthy 13.23%.
The spring buying season has resulted in inventory down about 6.3% compared to a year ago, however, the activity in late March and April has brought contracts down 20%. Both inventory and buyer activity should pick-up as we enter mid-June – mid-October.
If live music is what you're looking for this summer you're in luck! There are live shows throughout the valley that are sure to impress.
Hot Summer Nights is back for another year of great FREE live shows starting on June 19th.
If you like a more classical setting, be sure to check out Bravo! Vail featuring performances from Academy of St. Martin in the Fields, the Dallas Symphony Orchestra, the Philadelphia Orchestra, and the New York Philharmonic starting June 21st. Tickets are required for most Bravo! Vail events.
Avon is presenting the Cover Rock Fest, June 22nd-23rd, for another year of great musical tributes, this year featuring the best American Rock and Roll bands!
There are miles of trails to explore in and around the Vail Valley. Here’s three great options to check out the next time you’re up for a mountain adventure. Overlook Trail - Trailhead: Base of Beaver Creek Mountain - 3.5 miles (one way). Find this trail at the base of Beaver Creek near the Centennial Express Lift to hike your way into aspen and pine trees.
Piney River Falls - Trailhead: Lower Piney River Trailhead at Piney River Ranch - 6 miles roundtrip. Head out of the valley for one of the most beautiful destinations in the state that can be accessed by a car (with high clearance).
Whitney Lake - Trailhead: South of Minturn, about five miles up Homestake Road #703 - 5 miles roundtrip. From the small parking area on the left across the road from the trailhead, the trail will take you almost three miles uphill, gaining nearly 2,000 feet in elevation.
Farmers Markets mean Summer has arrived! Get great food, fresh fruits and veggies, and have plenty of fun throughout the Valley's farmers markets The classic Minturn Market starts off the summer farmers market season on June 9th, runs every Saturday through September 8th and is held from 9am until 2pm rain or shine!
On Sundays, starting June 17th and running through October 7th from 10am - 3:30pm, visit the Vail Farmer's Market and Art Show.
If down valley is your neighborhood, check out the Gypsum Down Valley Farmers Market on Fridays, starting June 15th through September 14th from 3:30-7:30pm.
Stay in shape this summer with FREE & Outdoor yoga! Starting June 2nd, The Avon Rec Center offers Free yoga on Saturday mornings starting at 9am on the Performance Pavilion Terrace overlooking the lake at Nottingham Park.
Minturn is also hosting free yoga on Saturdays, starting June 20th and running through August 29th. Classes will be held at the Little Beach Stage from 9:30 - 10:30am.
Beaver Creek is hosting free yoga on Wednesdays, starting June 27th and running through August 15, from 4 - 5 pm. Stop by the base of the mountain for a complimentary outdoor yoga class with the beautiful scenery as your backdrop.
If you're in Eagle, bring your friends to Yoga in the Park, a weekly donation-based class at the Eagle Town Park from 9:30-10:45am presented by Yoga Off Broadway and Eagle Outside. Yoga in the Park starts June 2 and runs through August 26th.
Call the babysitter for some Adults Only fun this summer! Come outside on June 16th, for another event in the Endurance Race Series, to run the beautiful trails around Eagle for a Half marathon and 10K course.
For a more relaxed day, stop by the Vail Craft Beer Classic on June 14th - 17th. Pairing beer with adventure, the Vail Craft Beer Classic is Colorado’s highest altitude beer tasting!
Can't get enough beer? Don't miss the Vail Valley Brew Fest at Avon on Saturday June 30th at Nottingham Park! Drink unlimited samples of some of the best brews in the high country and across Colorado, with great live music, breathtaking mountain views, and it all benefits an amazing local non-profit!
Bring the whole family to these events in June for fun and games that will sure to entertain the whole family! If cowboys, horses, and roping are more your style be sure to catch the Beaver Creek Rodeo series, starting on June 21st. This weekly event is held every Thursday throughout the summer!
The Go Pro Mountain Games in Vail on June 7th- 10th catch all the events from rafting, paddleboarding, and kayaking, to Dock Dogs, and disc competitions, to art and photography, you will be sure to find something for all interests in Vail.
Does your family enjoy the arts and classic Disney movies? Then check out the Porchlight Players perform Disney's Alice in Wonderland Jr. on June 22nd in Gypsum!
Or make your way to Beaver Creek for the FREE Movie's Under the Stars series,held on Tuesdays starting on June 3rd. For a more retro feel, catch a flick at theMinturn Drive-In Theater! Drive, or walk in with your camp chairs, and see classic movies in a beautiful mountain setting.
Get, or keep, in shape as a family with the Tutu 2K in Avon on June 17th at Nottingham Park. Tutus aren't required, but they are encouraged, as are all your best costumes!
On June 18th, bring the kids (5-8yrs) and their bikes to Nottingham Park for theSummer Scurry Junior Duathalon. In this, new FREE event, kids will race around the playground and field on foot and then on bike to compete for their personal best time of the summer.
Round out a fun June with the yearly classic, Eagle Flight Days June 22nd - 24th. The annual event takes place at the Eagle Town Park and will include the Lions Club Pancake Breakfast, Parade, horseshoe tournament, carnival, and more!
There are a number of different Independence Day activities for you to enjoy! Start off on July 3rd in Avon for the Alpine Bank Salute to the USA. Starting at 5pm, take part in the family-friendly festivities going on throughout the park face painters, fire jugglers, stilt walkers, balloon sculptors, magicians, and so much more!
On July 4th in Vail, participate in Vail America Days, a true summer celebration featuring exceptional entertainment including Vail’s celebrated 4th of July parade and fireworks, complemented by all that Vail summer has to offer on and off the mountain.
Or on July 4th in Beaver Creek enjoy two free outdoor family activity areas including multiple slides, games and bounce houses from noon to 5pm at Stars, Stripes and Slides and face painting, arts & crafts and carnival games at the Plaza Kid's Zone at theBeaver Creek Independence Day Celebration.
If you'd rather stay down valley, stop by Lundgren Theater for the Gypsum 4th of July Celebration. The evening kicks off at 7pm with live music from Under A Blood Red Sky: Tribute to U2 along with free hot dogs and ice cream.
There are many more events throughout the Vail Valley. See the links below to view all events this summer by community.
WHAT IS FOR SALE IN YOUR NEIGHBORHOOD?
3219 Daybreak Ridge
Avon, CO 81620
7 Br | 9 Ba
This thoughtful estate home has something for everyone including state-of-the-art geothermal heating/cooling system, media room, wine room, office, massage room, bunk room in addition to 2 master suites. Convenient ski-in access from Intertwine and ski-out on the Sawbuck ski run.
Now Listed at $9,500,000
(Reduced by $500,000)
July 10, 2018 | 11:30 am - 2:30 pm
74 Cresta Rd #314
Edwards, CO 81632
$1,099,000 | 3 Br | 3 Ba
RELAX Here Is The Easy Button! Turn-key Furnished And Updated Corner Penthouse With Vaulted Ceilings And Ski Slope Views, In The Heart Of Arrowhead Village Is A Perfect Mountain Get-a-way! Just Steps To Sking, Pool/Hot Tub, Restaurants, Golf, Tennis & Hiking. Hand-planed Floors, Custom Faux Paint, Newer Appliances, Slab Granite Countertops, Sub Zero, Heated Parking, Ski Locker And Storage Cage For The Mountain Toys.
June 9, 2018 | 10:00 am - 1:00 pm
36 Ambleside Pl.
Edwards, CO 81632
$2,000,000 | 6 Br | 6 (4F/2H) Ba
Carefree Living In Vail's Gated Ski/Golf Community. Entertain Family and Friends In This Impeccable Renovated Enclave Home. Open Floor Plan, Main Level Master, Spacious Recreation Room with Wet Bar, Sunny South Facing Patio Is An Oasis. Abundant Amenities Including Skiing, Tennis, Swimming, Private 27 Hole Putting Course and Fine Dining at Vista Just a Block Away! Country Club Of the Rockies and Alpine Club Memberships Available.
June 14, 2018 | 11:30-2:00 pm
164 S. Fairway Dr.
Avon, CO 81620
$2,700,000 | 5 Br | 7 Ba
Schedule a Showing Sunny golf course residence with gorgeous landscaping and views of Beaver Creek Mountain. This home's vaulted ceilings and expansive living areas are enhanced by custom doors and cabinetry found nowhere else in Beaver Creek. Multiple living areas offer everyone a place to relax and the multilevel floor plan and en suite baths provide privacy for all. This home is offered beautifully furnished minus any personal exclusions of the seller. Artwork and Lincoln Center chandeliers are negotiable.
June 9, 2018 | 10:00 am - 4:00 pm
4150 Bellyache Ridge Rd.
Wolcott, CO 81655
$800,000 | 2 Br | 2 Ba
Space and Panoramic Views Of The Vail Valley. 2.76 Acres Of Total Seclusion. Extensive Outdoor Entertaining Space. Large Open Living Area With Majestic Views. Oversized 2 Car Garage.Expansion Possibility. Den Works As 3rd Bedroom. Just Updated With New Appliences, Paint Inside And Out along With Carpet
225 Eagle Dr #1C
Avon, CO 81620
$629,000 | 4 Br | 3.5 Ba
One Of Mtn Terrace Best Located Residence. South Facing Sunny, Private, Views Overlooking EV Golf Course, 3 Decks & Vaulted Ceilings. Investors Take Note This Is a Rental Machine. Generous Parking for 4 Cars Including a 1 Car Garage, Mother in Law Suite Sauna, Full Bath,Kitchenette Provides Great Rental Income. Back Country Ski In From Beaver Creek. One Block to Pool, Playground, Driving/Putting Range, Hiking/Biking Trails, Tennis, Community Garden, Pavilion Beach! NOTE All New windows/Doors
Mark grew up in Baltimore, MD and moved to the Vail Valley in 1992. He didn’t wait long after moving here to open what is now one of the most successful ski shops in the valley, Venture Sports. Seve....
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