Gateway Land & Development

Category Archives: Vail Gore Creek Property

Good morning and welcome to the last weekend in October!

Following are the stats provided on the Vail Valley MLS this morning…

NEW LISTING – Six new, 3 residential, 2 land, & 1 rental, pricing range from $2900-/mo to $999K.  Listings are in several areas, call for details.

PRICE REDUCTIONS – There are only two decreases from list price, one of $24,100- on a residential, & a price drop on a commercial building lease, call for details.

UNDER CONTRACT – Five properties have come UNDER CONTRACT with pricing ranging from $233,100 to $829K with one of those a partial ownership for $169K.

Finally, the SOLDS, Eleven new owners in the Valley. These SOLDS were purchased for $280K – $1.565M.  They are located in Avon, Edwards, Eagle, & Gypsum.

If you may be interested in any additional info, call me, 313 600 8330.

Thx  dean

Good morning…

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Trick or Treat day @ Riverwalk in Edwards for 10a-1p come on by for your TREAT!

Here are the stats as of this morning…

NEW LISTINGS – One new, a time share @ Four Seasons in Vail, about 3 weeks/yr…list price $280K

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PRICE REDUCTIONS – Four price reductions, 2 residential & 2 time share…2 residential are $20K & $54K…the 2 time shares $20K & $6500-

UNDER CONTRACT – Seven properties are now under contract, list prices range from $250K-$499K for improved properties and $65K-$269K for vacant land

FINALLY, SOLDS…Eleven are now sold…residential improved sold prices are from $367,500- thru $9.5M…land which has sold ranges from $180K to $360,500-

If you have any questions or would like more info…

CALL ME @ 313 600 8330

Enjoy your day!

dean quint

Gateway Land and Development Real Estate

Good morning, here is what is showing up in the Vail MLS STATS this morning…

SOLDS – 13 properties have closed and now have new owners, 12 residential ranging in price from $177K in Leadville to $9.375M in Vail.  One vacant parcel in Red Cliff has sold for $220K.

As for UNDER CONTRACT, there are 10 Listings which offers presented have been accepted and now will continue through the process and likely become solds.  All are residential and they range in Listed Price from $315K to $3.795M.

PRICE REDUCTIONS number only 3, two have decreased the asking/Listing price by $20K and another by $8K.

Finally, NEW LISTINGS on the market are a huge, 1.  It’s one you may want to see, a $2.265M in Vail!

Whether your looking for a better deal with taking advantage of a PRICE REDUCTION, ready to LIST your property, or just looking and want to see a Newly Listed home or some other Listing still on the market, CALL ME TODAY.  I’ll help you through the process and get you into your next property in the Vail Valley.

DEAN QUINT  313 600 8330

Hi & good morning,

Wednesday morning here in the Vail Valley we experienced our season’s 1st dusting of snow to blanket most if not all of the ground at least from Edwards to the East.  Of course it was short lived and only at the upper elevations is it sticking, the rest has melted.

Here are some stats as of this morning according to the Vail MLS.

SOLDS – 11 properties have sold, ranging in price from a parking spot in Vail for $100K- to $999K for a single family home in Singletree.

UNDER CONTRACT – 8 new UC properties are reported ranging from $124900- for a lot in Red Cliff to $850K up in Beaver Creek for a ski in/ski out.

PRICE REDUCTIONS – Two price reductions one for $50K the other for $19100-, worth looking at for a better deal.

NEW LISTINGS – 7 new listings range from $449K for a 3 Bdrm 3BA in Edwards to $4.3M for 360+/- Acres near Dotsero with an improvement on it.

If interested in these or any other property in the Vail Valley or surrounding area give me a call and I’ll do my best to answer your question or will find the answer if I don’t know it!

Have a good week…

Dean  313.600.8330

GOOD MORNING on this 1st Day of October!

Here is an update on some of the current stats:

SOLDS – there are 8 newly sold properties in the VAIL VALLEY prices range from $254K – $4.295M.

UNDER CONTRACT – Properties now under contract number 7, ranging in cost from $82.5K up to $890K.  Also there is one partial ownership now UNDER CONTRACT which was Listed @ $60K.

PRICE REDUCTIONS – Several properties, 6, have reduced the Listing Price one by $5k another by $100K for an average of $37.3K.

NEW LISTINGS – There are 6 new listings to look at.  Listing Prices vary from $1.625M up to $3.995M.  There is also a commercial rental newly Listed @$45/sq ft in Lions Head in Vail.

If you want to investigate further, just contact me and I will surely help you with your Real Estate need!  313.600.8330

thx  dean quint

Lifeitsownself, Vail, July 24, 2016

If you are not in Vail today, maybe you should be.  It’s starting out as a blue bird day but will probably cloud up some later with a chance of showers.  Temperature should stay below 80 degrees but in the direct sunlight it will feel warmer.  Last night it was in the 50s.  Gore Creek looks great.

The Merchants were setting up their tents and tables for today’s market, besides the retail shops, extra food, art, clothes, and fresh veggies.

farmer's market

Vail-farmers-market

We had a nice meeting on Thursday with our National and International Partner, LEVERAGE.

Leverage

Look them up on line Leverage.com or just go to our website, gatewaytovail.com.  It’s a beautiful day in Colorado, Bob

Bob Essin, gatewaytovail.com, 970-376-4484, vailbob@Comcast.net

 

 

There is no question that in Vail desiging, acquiring permits, and building a hotel (or anything else, for that matter) was less time consuming in the early 1960s.

The truth of some stories regarding the earliest days in Vail can be questioned, but the following story was related to me by one of the developers of the Manor Vail, one of Vail’s iconic hotel-condominium buildings.

Charlie Gersbach was overseeing the staking for corners of the newest building along Gore Creek when a friend of Charlie’s approached him – cigar and martini in hand. The man owned the east end unit in the Texas Townhomes which was located just west of the building being staked out. He asked Charlie to join him on the creek-side deck of his townhome. It was immediately apparent that the new Manor Vail building would obstruct the man’s view of Gore Creek.

Eagle River

Following a bit of discussion – and probably a martini or two – the stakes were moved twenty feet further away from Gore Creek. and the friend’s view was preserved.  Presumably, the plans were then altered appropriately with the proper authorities, and that is how the Manor Vail’s northernmost was built along Gore Creek where it now sits.

Back then common sense and courtesy prevailed, and everyone walked away happy.

How long would such a change take now?

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For information regarding real estate and activities in the Vail Valley, contact Don Galgan:  (970) 331-4190 or dhgalgan@yahoo.com.

This blog post was written by Managing Director of Housing Research, Danielle Hale, and Data Analyst, Hua Zhong.

You probably know that home listings go up most often on Thursdays and Fridays. Here is the data to back up your intuition:

  • As we start the New Year, this is a good time to take a look and recap the year behind us to see what insights 2014 holds for 2015. While December 2015 is still preliminary, we can get a good sense of the year by looking at the data we currently have for the past 12 months[1]. In our first posts, we looked at popular and least common closing dates. Here, we’ll take a look at listings.
  • Below, we see the most popular listing days of 2015. Note the strong preponderance of spring dates and obvious lack of weekends.
  • The biggest months for new listings are April, May, and June, followed by March and July. These months alone accounted for roughly half of all new listings in this analysis.
  • While not devoid of new listings, the weekends are obviously not popular days to list. Among weekdays, Fridays and Thursdays are the most common days for new listings to go up, with Mondays and Wednesdays trailing a bit and Tuesdays not too far behind. Tuesdays and weekends are the only days of the week absent in the top 25 days for listings.
  • While home closings exhibit a strong tendency to get done at the end of the month, listings are much steadier throughout the course of the month with a slight tendency to be posted earlier rather than later.
top listingnew listingslisting day

day of month


[1] This analysis considers data from January 1, 2015 to December 31, 2015.

Don’t miss out on this prime listing times!! Get your home listed with Greg Peterson early! Call me at 970-331-1333 to get your home listed. 

WASHINGTON (July 9, 2015) — Real estate like-kind exchanges are an important vehicle for disposing of and acquiring properties and support the nation’s financial growth, job creation and economy, according to a new report from the National Association of Realtors®. The Like-Kind Exchanges: Real Estate Market Perspectives 2015 survey of NAR’s commercial and residential members found that real estate investors and commercial property owners place a very high priority on current like-kind exchange tax rules; 40 percent indicated that transactions would not have occurred in the absence of the tax provision, and 56 percent said even if the project would have occurred it likely would have been smaller in scale. Realtors® are active participants in like-kind exchanges; 63 percent of Realtors® participated in a like-kind exchange transaction between 2011 and 2015.

The survey found that like-kind exchanges in which Realtors® participated created between 10 and 35 new jobs, mostly resulting from spending on building improvements following acquisition. “Like-kind exchanges that allow investors and businesses to defer capital gains taxes on the exchange of similar properties bring great advantages to investors, real estate markets and the economy,” said NAR Chief Economist Lawrence Yun. “Realtors® and their clients often look for better economic use of existing properties that are underutilized, which helps promote local economic development and increase the nation’s gross domestic product.” Internal Revenue Code Section 1031, a provision that has been in the tax code since 1924, provides individuals and businesses with critically needed tax deferment on gains after the disposition of a property as long as the proceeds are reinvested in a similar property through a like-kind exchange. Replacement properties must be identified in 45 days and the transaction completed within 180 days.

Survey respondents said the primary reason that they or their clients participated in a like-kind property exchange, aside from the deferral of capital gains taxes, was for equity to acquire additional properties. Other reasons were for estate planning, portfolio diversification and completion of a development project. The tax savings resulting from like-kind exchanges are also helping bring more capital into local markets. Eighty-six percent of respondents said the savings from tax deferment allowed them or their clients to invest additional capital and make improvement in their acquired properties; these investments are generally responsible for the creation of new jobs, such as in construction and property management.

According to the survey, in 68 percent of like-kind transactions, Realtors® acted as a broker or agent, and 24 percent participated as an owner or investor in the transaction. A larger percentage of commercial members (76 percent) reported engaging in a like-kind exchange transaction compared to residential members (45 percent). Of the total, 40 percent participated in between 1 and 3 transactions, and 23 percent participated in 4 or more transactions. Residential properties comprised the largest portion of recent deals, accounting for 27 percent of disposed properties and 24 percent of acquired properties, followed by apartments (17 percent of dispositions and 22 percent of acquisitions). Land assets accounted for 19 percent of dispositions and 17 percent of acquisitions; retail properties accounted for 8 percent of dispositions and 13 percent of acquisitions; and office buildings comprised 11 percent of dispositions and 10 percent of acquisitions. Investors tend to hold on to their properties for several years; 47 percent of respondents reported their holding period was between 5 and 9 years, and 27 percent indicated a holding period of 10 to 14 years.

NAR believes like-kind exchange transactions are fundamental to the real estate investment sector, and repealing the tax provision would have negative effects across real estate markets and the industry. “Like-kind exchanges help investors more efficiently allocate capital and resources with less borrowed money into new investments that drive economic activity in communities across the nation,” said NAR President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark. “Any tax reform plan repealing like-kind exchanges would hurt investors and small businesses, increase financial leverage, weaken growth and the economy, and result in the loss of jobs.” Survey respondents indicated that repealing like-kind exchange tax provisions would reduce equity in real estate; 67 percent indicated repeal would lead to a large increase in financial leverage. Realtors® said the negative result would be reduced purchase money and new construction loans, and increased property holding periods. Ninety-six percent of Realtors® also said real estate values would decrease if like-kind exchange provisions were repealed.

The National Association of Realtors® Like-Kind Exchanges: Real Estate Market Perspectives 2015 report is based on a survey of 49,593 commercial practitioners and 55,160 residential practitioners (total sample size of 104,753) in January 2015, which generated 3,450 responses from all 50 states and the District of Columbia. The survey had a response rate of 3.3 percent. The report is available at www.realtor.org/reports/like-kind-exchange-survey. The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

Vail, Colorado and the entire Vail Valley are famous for world-class mountain recreation, and the abundance and variety of year-around activities will set your vacation apart from any other you’ve ever had!

Summer brings sunny days and boundless fun, from leisurely nature walks to hard-core mountain biking, from scenic horseback trail rides to exciting rafting, combined with cultural and music events nearly every week.

Take a peek at our Vail Valley events calendar. You’ll be amazed at what’s happening while you’re here. Our events are world-class, and many are FREE!

Summer & Fall Activities

Discover what Vail Valley locals know: we came for the winters, but stayed for summer and fall. With our superb climate, you’ll want to spend the long days outdoors. Whether your idea of fun is active or idle, the choices are plentiful. Here are some of our favorite things to do in summertime in Vail and Beaver Creek:

  • Biking, both road and mountain bike. Vail’s bike path is extensive, and of course, Eagle County is a mountain biking mecca!
  • Ballooning. Gorgeous views in a colorful balloon!
  • Rafting. From the Eagle River to the mighty Colorado, our waters are prime for river rafting and kayaking.
  • Fly Fishing. Clear, pure and predictable! (the water, not the fish!)
  • Golf. With 16 courses here in the Vail/Beaver Creek area, you’ll find challenges on every hole.
  • Jeeping. Go with the professionals for an out-of-resort, blow-your-mind experience.
  • Horseback riding. Enjoy the Western side of Vail and Beaver Creek resorts.
  • Camps & Classes. Most of our local camps and classes are in an outdoor setting.. guaranteed smiles!
  • And so much more!

Check out all Vail and Beaver Creek Summer Activities right here!

 For more information, please contact Greg Peterson at 970-331-1333 and have a blessed summer.