- 2nd-4th Snowball Music Festival - Nottingham Park Avon
- 3rd Talons Challenge- Beaver Creek Mountain
- 3rd PinkVail ski for Breast Cancer- Vail Mountain
- 8th BudLight Street Beat featuring Less than Jake- Vail Village
- 15th BudLight Street Beat featuring Lez Zeppelin- Vail Village
- 22nd BudLight Street Beat featuring G Love & Special Sauce- Golden Peak
- 22nd-25th Korbel American Ski Classic- Vail Mountain
- 29th BudLight Street Beat featuring Rootz Underground- Vail Village
- 29th- 4/1 Vail Film Festival
Tuesday, February 28, 2012
March Calendar of Events
Sunday, February 26, 2012
High end Properties moving in the Vail Valley
2012 has started off strong in the over $5M market. Since January 1st six properties have closed totaling $41,650,000 in dollar volume. The highest sold price this year was $11M for a single family home in Bachelor Gulch. This home was six bedrooms with over 10,000 square feet offering a ski in/out location. The other sales occurred in Vail Village, Beaver Creek, and another home in Bachelor Gulch.
In addition seven properties over $5M went under contract totaling a potential dollar volume of $63,774,000. The highest priced home is $16,889,000 on Mill Creek Circle at the base of the Vista Bahn ski lift in Vail Village.
We are seeing some great activity and opportunities for people to obtain their dream of owning a place in the moutains.
In addition seven properties over $5M went under contract totaling a potential dollar volume of $63,774,000. The highest priced home is $16,889,000 on Mill Creek Circle at the base of the Vista Bahn ski lift in Vail Village.
We are seeing some great activity and opportunities for people to obtain their dream of owning a place in the moutains.
Monday, February 6, 2012
Eagle County real estate summary 2011
Eagle County's real estate market finished 2011 with more sales for less money than the previous year.
The year-end figures show total sales were up by about 100 from 2010. But the value of those sales was down more than $340 million from the year before. In fact, November and December were the only two months in which dollar volume exceeded figures from 2010. Overall, sales volume was down by about 23 percent from 2010.
In the six-county region tracked by Land Title — Eagle, Routt, Summit, Grand, Garfield and Pitkin — Eagle County ranked third in total sales, behind Routt and Summit counties. In average price per sale for both single- and multi-family units, Eagle County was second in the region, behind Pitkin County, which has a greater concentration of second homes.
Throughout 2011, a relatively few sales of expensive property drove up both the average price and the total sales volume. While homes priced at $500,000 or less made up 55 percent of the year's total sales, those deals accounted for just 17 percent of the dollar volume.
On the other side of that coin, sales of $2 million or more made up just 10 percent of all transactions, but accounted for 46 percent of the year's dollar volume.
Eagle and Gypsum accounted for about 24 percent of all sales in 2011, but less than 9 percent of the county's dollar volume.
Vail Village, meanwhile, accounted for less than 5 percent of all sales, but accounted for 16 percent of the county's sales volume.
For the region, only Garfield County's sales volume grew by 6 percent or more — sales volume was either flat or down by more than 6 percent in the rest of the region.
The year-end figures show total sales were up by about 100 from 2010. But the value of those sales was down more than $340 million from the year before. In fact, November and December were the only two months in which dollar volume exceeded figures from 2010. Overall, sales volume was down by about 23 percent from 2010.
In the six-county region tracked by Land Title — Eagle, Routt, Summit, Grand, Garfield and Pitkin — Eagle County ranked third in total sales, behind Routt and Summit counties. In average price per sale for both single- and multi-family units, Eagle County was second in the region, behind Pitkin County, which has a greater concentration of second homes.
Throughout 2011, a relatively few sales of expensive property drove up both the average price and the total sales volume. While homes priced at $500,000 or less made up 55 percent of the year's total sales, those deals accounted for just 17 percent of the dollar volume.
On the other side of that coin, sales of $2 million or more made up just 10 percent of all transactions, but accounted for 46 percent of the year's dollar volume.
Eagle and Gypsum accounted for about 24 percent of all sales in 2011, but less than 9 percent of the county's dollar volume.
Vail Village, meanwhile, accounted for less than 5 percent of all sales, but accounted for 16 percent of the county's sales volume.
For the region, only Garfield County's sales volume grew by 6 percent or more — sales volume was either flat or down by more than 6 percent in the rest of the region.
Saturday, January 7, 2012
County hits $1 billion in real estate sales
From the Vail Daily:
EAGLE COUNTY, Colorado — Eagle County's real estate market passed $1 billion in sales for the year in November, but the total dollar volume of sales for 2011 still lags behind the 2010 totals.
According to the latest information from Land Title Guarantee Company, the county passed the $1 billion mark in sales for the 14th year since 1996 — 2009 was only year the county failed to meet or exceed the $1 billion mark.
There were 121 sales in November, nine more than the same month in 2010. Those sales added up to $124.8 million, only the second time in 2011 that dollar volume met or exceeded the 2010 numbers.
As was the case for most of 2011, the majority of sales in November were in downvalley communities. In November, more than 25 percent of all transactions were in Eagle, Gypsum and the surrounding areas. Lower-priced homes also made up the bulk of sales, with 71 percent of all sales being for $1 million or less.
Bank sales also continue to play a large role in the valley's real estate market, and most of those are in the western Eagle Valley. Eighteen of the 27 bank sales for November were in Eagle or Gypsum. Through November, there were 270 bank sales in the county.
While the sale with the highest price per square foot was in Vail's Solaris complex, the Vail Golf Course was the area with the highest average sales price — an average of $6.2 million over two transactions. One of those sales was of a newly-built home, which sold for $9.25 million, the highest transaction in all of Eagle County in November.
While just a few sales of multi-million-dollar properties have accounted for a large portion of the total sales volume, November had nine transactions over $4 million, the most transactions in this category in any month in 2011.
EAGLE COUNTY, Colorado — Eagle County's real estate market passed $1 billion in sales for the year in November, but the total dollar volume of sales for 2011 still lags behind the 2010 totals.
According to the latest information from Land Title Guarantee Company, the county passed the $1 billion mark in sales for the 14th year since 1996 — 2009 was only year the county failed to meet or exceed the $1 billion mark.
There were 121 sales in November, nine more than the same month in 2010. Those sales added up to $124.8 million, only the second time in 2011 that dollar volume met or exceeded the 2010 numbers.
As was the case for most of 2011, the majority of sales in November were in downvalley communities. In November, more than 25 percent of all transactions were in Eagle, Gypsum and the surrounding areas. Lower-priced homes also made up the bulk of sales, with 71 percent of all sales being for $1 million or less.
Bank sales also continue to play a large role in the valley's real estate market, and most of those are in the western Eagle Valley. Eighteen of the 27 bank sales for November were in Eagle or Gypsum. Through November, there were 270 bank sales in the county.
While the sale with the highest price per square foot was in Vail's Solaris complex, the Vail Golf Course was the area with the highest average sales price — an average of $6.2 million over two transactions. One of those sales was of a newly-built home, which sold for $9.25 million, the highest transaction in all of Eagle County in November.
While just a few sales of multi-million-dollar properties have accounted for a large portion of the total sales volume, November had nine transactions over $4 million, the most transactions in this category in any month in 2011.
Tuesday, January 3, 2012
Exclusive: U.S. is top 2012 property investment pick
While the United States offers the most stable and secure option in commercial real estate, investors said improvement in rent and occupancy growth and the repeal of a 1980 foreign investment tax would have the strongest impact on their investment decisions, according to the 20th annual survey of Association of Foreign Investors in Real Estate (AFIRE) members.
For about the past year or so, investors in U.S. commercial real estate have focused on gateway cities such as New York, Washington, Boston, San Francisco and Los Angeles, driving prices up and yields down.
Meanwhile commercial property in Brazil, with its bubbling economy and safer investment environment, has become a hot spot for global investors. Sao Paulo, Brazil's largest city, jumped to the fourth best city for real estate investment dollars in 2012, up from 26th place last year.
The United States is still very desirable and was second behind the UK in attracting cross border investment in 2011, according to Real Capital Analytics preliminary figures.
"The negative is it doesn't promise a whole lot of capital appreciation because the prime markets are already fully priced," AFIRE Chief Executive Officer James Fetgatter said. "By no means will Brazil replace the U.S., at least not in the forseeable future. Brazil is considered now a much safer place to invest and a place where you can get capital appreciation and good yield."
AFIRE'S survey respondents hold more than $874 billion of real estate globally, including $338 billion in the United States.
Sixty 60 percent of respondents said they plan to increase their investment in U.S. real estate in 2012, down from a record 72 percent last year, according to the 20th annual survey.
Some 42.2 percent said they believed the United States in 2012 would offer the best opportunity for the price of their commercial real estate investments to increase, down from 64.7 percent last year's survey.
The United States lost ground to Brazil, with 18.6 percent saying Brazil's property market offered the best growth opportunity for their investment dollars. That's up 14.2 percentage points, moving Brazil up to second place from fourth, and pushing China down to No. 3, according to the AFIRE survey.
Seventy percent of respondents picked one of the three countries as their favorite, while the remaining 30 percent had top choices from 13 other countries on five continents.
Respondents said they would invest more in U.S. commercial property if the fundamentals of rent and occupancy growth were stronger.
Another U.S. barrier respondents cited was the Foreign Investment in Real Property Tax Act (FIRPTA). The 1980 act, originally designed to protect farm property from foreign ownership, subjects foreign buyers to both their domestic and U.S. taxes when they sell their investment, unless their home country has a taxation treaty with the United States.
FIRPTA opponents have argued that the act unfairly penalizes foreign investors of real estate. Such double taxation does not apply if they buy U.S. stocks or bonds.
As for the top cities for foreign investment in 2012, New York remained No. 1. London moved up to No. 2 from No. 3, swapping ranks with Washington. Sao Paulo was fourth, and San Francisco moved up to No. 5 from No. 10 last year.
Europe's sovereign debt problems and looming recession pushed most of the countries there - except for a few such as Switzerland and Poland - off the map for real estate investors. Germany lost about half its support among respondents in terms of stability and price appreciation, according to the survey.
Emerging markets also seem to be getting more popular among potential investors. Respondents identified 25 countries they would consider for investment, up from 18 last year. Brazil topped the list, with China in second place, as each did last year. Turkey moved up to No. 3 from No. 7 last year. India and Vietnam each dropped down one spot, to No. 3 and No. 4 respectively. Appearing for the first time were Colombia, at No. 10, Hungary at No. 12, and Qatar at No. 17.
As for U.S. commercial real estate, respondents said that this year they would most likely invest in apartment buildings, the fourth consecutive year multifamily topped the list. Of all the types of U.S. commercial real estate, the multifamily sector has not only recovered from the post-2007 real estate slump but rents and occupancy are even stronger than before.
Warehouse and distribution centers ranked second, up from No. 5 last year. Office properties were third, up a notch from No. 4. Retail properties - shopping centers and malls - slipped to No. 4 from No. 2. Hotels ranked No. 5, down from No. 3 last year.
The survey was conducted in the fourth quarter by the James A. Graaskamp Center for Real Estate, Wisconsin School of Business.
For about the past year or so, investors in U.S. commercial real estate have focused on gateway cities such as New York, Washington, Boston, San Francisco and Los Angeles, driving prices up and yields down.
Meanwhile commercial property in Brazil, with its bubbling economy and safer investment environment, has become a hot spot for global investors. Sao Paulo, Brazil's largest city, jumped to the fourth best city for real estate investment dollars in 2012, up from 26th place last year.
The United States is still very desirable and was second behind the UK in attracting cross border investment in 2011, according to Real Capital Analytics preliminary figures.
"The negative is it doesn't promise a whole lot of capital appreciation because the prime markets are already fully priced," AFIRE Chief Executive Officer James Fetgatter said. "By no means will Brazil replace the U.S., at least not in the forseeable future. Brazil is considered now a much safer place to invest and a place where you can get capital appreciation and good yield."
AFIRE'S survey respondents hold more than $874 billion of real estate globally, including $338 billion in the United States.
Sixty 60 percent of respondents said they plan to increase their investment in U.S. real estate in 2012, down from a record 72 percent last year, according to the 20th annual survey.
Some 42.2 percent said they believed the United States in 2012 would offer the best opportunity for the price of their commercial real estate investments to increase, down from 64.7 percent last year's survey.
The United States lost ground to Brazil, with 18.6 percent saying Brazil's property market offered the best growth opportunity for their investment dollars. That's up 14.2 percentage points, moving Brazil up to second place from fourth, and pushing China down to No. 3, according to the AFIRE survey.
Seventy percent of respondents picked one of the three countries as their favorite, while the remaining 30 percent had top choices from 13 other countries on five continents.
Respondents said they would invest more in U.S. commercial property if the fundamentals of rent and occupancy growth were stronger.
Another U.S. barrier respondents cited was the Foreign Investment in Real Property Tax Act (FIRPTA). The 1980 act, originally designed to protect farm property from foreign ownership, subjects foreign buyers to both their domestic and U.S. taxes when they sell their investment, unless their home country has a taxation treaty with the United States.
FIRPTA opponents have argued that the act unfairly penalizes foreign investors of real estate. Such double taxation does not apply if they buy U.S. stocks or bonds.
As for the top cities for foreign investment in 2012, New York remained No. 1. London moved up to No. 2 from No. 3, swapping ranks with Washington. Sao Paulo was fourth, and San Francisco moved up to No. 5 from No. 10 last year.
Europe's sovereign debt problems and looming recession pushed most of the countries there - except for a few such as Switzerland and Poland - off the map for real estate investors. Germany lost about half its support among respondents in terms of stability and price appreciation, according to the survey.
Emerging markets also seem to be getting more popular among potential investors. Respondents identified 25 countries they would consider for investment, up from 18 last year. Brazil topped the list, with China in second place, as each did last year. Turkey moved up to No. 3 from No. 7 last year. India and Vietnam each dropped down one spot, to No. 3 and No. 4 respectively. Appearing for the first time were Colombia, at No. 10, Hungary at No. 12, and Qatar at No. 17.
As for U.S. commercial real estate, respondents said that this year they would most likely invest in apartment buildings, the fourth consecutive year multifamily topped the list. Of all the types of U.S. commercial real estate, the multifamily sector has not only recovered from the post-2007 real estate slump but rents and occupancy are even stronger than before.
Warehouse and distribution centers ranked second, up from No. 5 last year. Office properties were third, up a notch from No. 4. Retail properties - shopping centers and malls - slipped to No. 4 from No. 2. Hotels ranked No. 5, down from No. 3 last year.
The survey was conducted in the fourth quarter by the James A. Graaskamp Center for Real Estate, Wisconsin School of Business.
Thursday, December 22, 2011
VailMountain Announces a State-of-the-Art Gondola to Replace Vista Bahn Express Lift (#16) in Vail Village
Vail Mountain, the largest ski resort in the United States, has already begun making plans for its 50th anniversary in December 2012, by announcing the planned installation of a new, state-of-the art gondola to replace the Vista Bahn Express Lift (#16) inVailVillage.
The new gondola, which will have the number “1” to commemorate Vail’s original gondola in that location, will provide a 40 percent improvement in uphill capacity over the existing Vista Bahn Express Lift (#16) – the highest of any gondola inNorth America. The state-of-the-art gondola, the first installation of its kind inNorth America, will offer new features, such as free Wi-Fi access for guests.
“We could think of no better way to celebrate the 50th anniversary ofVailMountain than by making a dramatic investment to improve the experience for our guests. The new gondola will set a standard for how we transport guests up the mountain, significantly reducing wait times at one of the most popular and recognized lifts anywhere in the world. It will also offer a protected and comfortable ride, completewith free Wi-Fi access,” said Chris Jarnot, senior vice president and chief operating officer ofVailMountain. “The new gondola continues a long tradition of Vail’s investments to set the leading position in guest service anywhere in the mountain resort industry.”
“The new gondola in Vail Village will provide the final touch to Vail’s multi-billion dollar renaissance over the past decade, which has been the result of an incredible partnership between Vail Resorts, the Town of Vail and the entire Vail community,” said Andy Daly, mayor of the Town of Vail. “These investments have ensured Vail’s leadership position in the resort industry for many years to come.
The new gondola will be located in the same location as the existing lift and will reach the same location at Mid-Vail. The gondola is a state-of-the-art lift replacing the technology of the existing high-speed quad lift that was installed in 1985, approximately 26 years ago, and reintroducing a gondola to VailVillagenot experienced since the 1970s. The gondola is proposed to be installed in the spring and summer of 2012 and be operational for opening day of the 2012-2013 ski season, just in time to celebrate the 50th anniversary of Vail.
The base lift facility will be similar to the existing equipment but instead of chairs hanging from a cable, there will be gondola cabins. Unlike the Eagle Bahn Gondola (#19) in Lionshead, which is an enclosed facility, the new gondola will be an open air terminal
The new gondola is subject to Town ofVailand U.S. Forest Service approval. Additional details on the design and approval of the proposed gondola will be available in the coming months.
The new gondola, which will have the number “1” to commemorate Vail’s original gondola in that location, will provide a 40 percent improvement in uphill capacity over the existing Vista Bahn Express Lift (#16) – the highest of any gondola inNorth America. The state-of-the-art gondola, the first installation of its kind inNorth America, will offer new features, such as free Wi-Fi access for guests.
“We could think of no better way to celebrate the 50th anniversary ofVailMountain than by making a dramatic investment to improve the experience for our guests. The new gondola will set a standard for how we transport guests up the mountain, significantly reducing wait times at one of the most popular and recognized lifts anywhere in the world. It will also offer a protected and comfortable ride, completewith free Wi-Fi access,” said Chris Jarnot, senior vice president and chief operating officer ofVailMountain. “The new gondola continues a long tradition of Vail’s investments to set the leading position in guest service anywhere in the mountain resort industry.”
“The new gondola in Vail Village will provide the final touch to Vail’s multi-billion dollar renaissance over the past decade, which has been the result of an incredible partnership between Vail Resorts, the Town of Vail and the entire Vail community,” said Andy Daly, mayor of the Town of Vail. “These investments have ensured Vail’s leadership position in the resort industry for many years to come.
The new gondola will be located in the same location as the existing lift and will reach the same location at Mid-Vail. The gondola is a state-of-the-art lift replacing the technology of the existing high-speed quad lift that was installed in 1985, approximately 26 years ago, and reintroducing a gondola to VailVillagenot experienced since the 1970s. The gondola is proposed to be installed in the spring and summer of 2012 and be operational for opening day of the 2012-2013 ski season, just in time to celebrate the 50th anniversary of Vail.
The base lift facility will be similar to the existing equipment but instead of chairs hanging from a cable, there will be gondola cabins. Unlike the Eagle Bahn Gondola (#19) in Lionshead, which is an enclosed facility, the new gondola will be an open air terminal
The new gondola is subject to Town ofVailand U.S. Forest Service approval. Additional details on the design and approval of the proposed gondola will be available in the coming months.
Saturday, December 10, 2011
Thursdays in Vail this winter
Brought to you by the Vail Valley Foundation, Thursday nights starting at 6:30pm in Vail are always full of free music and fun. This free concert series takes place on the streets of Vail through April 12,2012. Locals can register to win a Volvo XC70 3.2 AWD car!
Here is a list of the acts:
- December 15th Marcia Ball
- January 19th White Water Ramble
- February 16th Leroy Justice
- March 8th Less Than Jake
- March 15th Lez Zeppelin
- March 22nd TBD
- March 29th Rootz Underground
- April 5th Kinky
- April 12th Funkiphino
Subscribe to:
Posts (Atom)