While the national trend of declining home prices continues, the market is staying strong throughout the Vail Valley.? Recent articles in the national news media paint a picture of a significant housing slump.? And this is true in many parts of the United States, especially urban centers in the Northeast and Midwest. (as many of you know better than I.)
The Vail Valley, however, continues to see a highly competetive marketplace for residential real estate.? Inventories here?grew this summer (2006), balancing the playing field and returning some?power to the buyer.? Since then, inventories have levelled, demand has continued for appropriately priced properties, and a healthy market exisits.?
With the ski season upon us, the Vail Valley will again host hundreds of thousands of mountain visitors this winter. And, as always,?many?will decide to purchase?a vacation home or even relocate to this wonderful mountain valley.?
To discuss the real estate market in more detail, please contact Doug Schwartz at (970)926-6777 or at firstname.lastname@example.org
Following Vail Mountain’s glorious opening day by only 5 days, Beaver Creek Mountain’s chairlifts will be open to the public tomorrow.? While the resort company has not announced the terrain that will be open, skiers and boarders are already anticipating fresh powder turns.
The weather has been cold and sunny, so some of the southern exposures that haven’t been groomed might be a little crusty.? And be sure to ski appropriately, as early season conditions will exist.? (Don’t get hurt out there before the season even gets going!)
Opening day reminds many people of their first on-mountain experience, be it on skis or a snowboard.? (see link below)? My own was in the small hills of upstate New York in the early 1970’s.? A local park had a rope-tow that took us up maybe 100 feet or so.? The pitch was not overly steep, but to me it was The Hahnenkamm (or Birds of Prey for that matter)? I enjoyed it enough to keep at it for the next 30 years or so, and feel lucky to call the Vail Valley home.
The Vail Valley real estate scene has been dominated by luxurious mountain retreats for years.? Lots of stone, timber and natural materials have been the norm in new constructions.? But it seems a more modern approach may be coming to Edwards in the near future.
Renowned architect Daniel Libeskind has been retained by a pair of local developers in the hopes to build an urban styled condominum project.? Rick Mueller and Bobby Hernreich of Remonov &?Co. feel that its time for a more modern feel for architecture in the mountains.
While most of the second home owners in the valley desire the mountain feel (ski lodge or national park grand lodge), it may be that urban design has a market here.? (glass and steel)? Many home owners do express a need for a slightly smaller home, as they no longer need 6+ bedrooms and 8000+ square feet.
These high end condominums will have a hefty price tag, (over?$1 million starting) but the developers feel there is a need in this valley that has gone unfulfilled.? Who knows, maybe this yet-to-be-named project will put Edwards on the international architectural stage and set the new standard for mountain design and living??
To learn more about the real estate market here in the Vail Valley, please contact