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 Real Estate And Lifestyle Newsletter March 2018
Dated: March 7 2018
New Short-term Rental Regulations Become Effective Thursday, March 1
The Town of Vail’s new short-term rental regulations became effective on Thursday, March 1. The regulations were approved in December with a delayed implementation date to allow for property owners and managers to prepare for the changes and to create an administrative tracking and complaint system managed by the town.
Informational meetings to help guide property owners and property managers through the steps needed to comply with new requirements for short-term rentals in Vail were hosted by the town in February. Click here to view one of the sessions recorded by High 5 Access Media.
Short-term rental properties in Vail are defined as any rental less than 30 consecutive days. The new regulations approved unanimously by the Town Council include a self-compliance affidavit, “good neighbor” guidelines, complaint resolution requirements, sales tax remittance and a process for revocation of a license based upon three or more verified violations within a 12-month period.
For additional details about the new requirements or to sign up for Vail’s short-term rental newsletter, visit the town’s website at vailgov.com/short-term-rentals.
The advocacy group Protect Our Winters released a report on February 23 that takes an extensive look at the economic contribution of skiing, snowboarding, and snowmobiling and how it is affected by low snow years. The introduction to the report calls it a work of hard science and economics with a simple message: "Winter is warming, snow is declining and that trend hits our communities in the wallet." The report's message is not only that winter sports are imperiled, but the entire mountain way of life is in decline. Colorado led the nation in economic contribution from skiing and snowmobiling. The study estimated ski resort operations generated more than 43,000 jobs and $2.56 billion in total economic value added in 2016. Skiing also is the catalyst that fuels indirect economic benefits to the lodging and restaurant industries. The report, which can be found online at POW's website here, enlivens the data and statistics with numerous case studies that show how mountain residents' lives are being affected or could be affected by changing winter.
The Vail Valley community is excited to announce Whistle Pig Vail, a summer-long music series that will bring a new era of headliner music at the iconic Gerald R. Ford Amphitheater in Vail, beginning in 2018. The series will be booked in collaboration with AEG Presents, one of the world’s largest live music companies in the world, and will bring well-known rock, pop, country and bluegrass icons to Vail for ticketed shows throughout the summer, including back-to-back concerts Aug. 17-18 as part of Colorado Classic Vail.
COMING TO MARKET
$639,000 | 4Br |3.5 Ba
One Of Mtn Terrace Best Located Residence. South Facing Sunny, Private, Beautiful Views Overlooking The Golf Course, 3 decks and Vaulted Ceilings. Investors Take Note This Is a Rental Machine. Generious Parking for 4 cars including a 1 Car Garage, Mother in Law suite Sauna, Full Bath, & Kitchenette Provides Great Rental Income.
Ski In From Beaver Creek. One Block to Pool, Playgrounds, Driving Range, Hiking and Biking Trails, Tennis, Community Garden, Putting Greens and Pavilion Beach!
30 Benchmark Rd. #102
Avon, CO 81620
$369,000 | 1140 Sq. Ft.
Attention Investors or End-Users: High visibility Retail/office space in the the financial center of the Vail Valley and the Avon Business Core. Great signage, access and parking, Transportation center and gondola to skiing just steps away. Current Lease provides investors a 6.8% CAP rate.
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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