Keeping you informed on market statistics, real estate news, and events around town

Monday, January 6, 2014

Beaver Creek to get combo Gondola, chairlift

From the Vail Daily:

BEAVER CREEK — Gondola or chairlift? Beaver Creek will be giving skiers and riders a choice next season.

The resort announced plans on Thursday to replace the existing Centennial Express Lift (Chair No. 6) with a new high-speed, state-of-the-art combination lift. The combo lifts, seen at some European resorts as well as at Northstar in Tahoe, Telluride and Sunday River in Maine, are also called hybrid lifts, telecombis, Telemixes and chondolas. The new lift will increase uphill capacity by 35 percent through the use of alternating gondola cabins and six-person chairs and is expected to be in place for the 2014-15 ski and snowboard season. Last season, the resort had announced its intention to replace the Centennial lift with a traditional six-person chairlift. However, after further consideration and discussions with the lift manufacturers, resort officials went with the combo lift, calling it a “more robust, flexible and guest-oriented approach.” The new lift will have the same capacity as a six-person chairlift, but it gives choices to every level of skier. Beginners and ski school kids tend to prefer the less-intimidating option of boarding the gondola, while people who prefer to keep their skis on can board the chairs. Chairs and cabins will be loaded from two separate lines. The new combination lift will transport 3,400 people per hour, up from the current capacity of 2,800 people per hour. “The unique and dramatic benefits to our guests to be able to install a combination lift with gondola cabins and chairs and replace one of the most utilized lifts at the base of Beaver Creek Mountain are tremendous and completely in line with the Beaver Creek brand promise to deliver high-quality guest experiences,” said Doug Lovell, vice president and chief operating officer for Beaver Creek Resort. “After careful consideration, we believe this is exactly the right solution to position Beaver Creek for the future and address the resort’s continued growth and diverse guest needs.”

Coaster changes
Also, by having gondola cabins as part of the new lift, guests will have easier access to the Spruce Saddle area for nighttime and summertime dining and recreational activities. In coming seasons, those Spruce Saddle activities may also include an alpine coaster (named a Forest Flyer), ropes course and tubing hill. The year-round activities had been planned for an area closer to the base at the top of the Buckaroo Express Gondola, but nearby homeowners filed a lawsuit this fall opposing the project, calling it an “amusement park” and eyesore. Vail Resorts also announced on Thursday that they had reached a settlement with the Beaver Creek Property Owners Association and Greystone Condominium Association regarding the project. Under the agreement, the associations will request that the Beaver Creek Metro District purchase a permanent restrictive covenant from Vail Resorts for $5 million. The restrictive covenant will prohibit certain new recreational activities on much of the land at the base of Beaver Creek Mountain in perpetuity. Under the agreement, the metro district must fund the purchase of the covenant through a bond issue that would be subject to approval by voters in May, meaning that the cost of the protective covenant would be passed on to Beaver Creek homeowners and businesses. In return, the homeowners will support an application by Vail Resorts to the U.S. Forest Service to build the project in the area surrounding the Spruce Saddle restaurant. If the bond issue doesn’t pass, then the property owners have agreed to dismiss their lawsuit and not object to the construction of recreational amenities at the base of the resort.

Weighing in
Those are some major upgrades, but the jury is still out on whether the improvements will be a hit with skiers and snowboarders. Avon skier and former lift operator Dan Gorin said he personally prefers to take the chair, but he said there’s no question that the lift needs to be replaced. “If it stops less and gets people up faster, I’m all for it,” he said. “It definitely needs to be replaced. It’s the oldest lift on the mountain and also the most used.” Others said they saw it as a convenience for families with children. “(My kids) are pretty good skiers, so they don’t have a problem with the chair,” said Ann McCormick, of Eagle-Vail. “But especially with a cold or windy day, it definitely would help families out on the ride up to have a gondola.” Still, others questioned if the convenience was worth the cost. One Edwards woman, who declined to be named, said she worried the cost would be passed onto resort guests. “I guess for guests it’s a different thing, but local kids know how to ride a chairlift,” she said. “It’s so expensive to ski here, and I think this is part of the problem. It’s stuff like this and adding escalators that raises the prices. Do we really need that?” Construction on the combo lift is slated to start in June. Resort officials said they haven’t yet decided which lift company they will use, but those details will be announced soon.


Friday, December 27, 2013

January Calendar of Events


    • 1st               New Year's Day 2014
    • 5th-11th      Ullr Fest in Breckenridge
    • 9th-11th      14th Annual Big Beers, Belgians & Barleywines
    • 17th             Arches of Gore Creek
    • 20th             Martin Luther King Day
    • 23rd-26th    Beaver Creek Food & Wine Festival

Tuesday, December 3, 2013

Deal of the Month


Vail International 208
$749,999
MLS 918978

Enjoy views of the mountain and an easy walk to the slopes in Lionshead. This 2-bedroom spacious condo offers a great location, year round pool, hot tub, fitness room, on-site management, front desk and rental income. Turn key and ready for you to use today.

2 bedroom/ 1.75 bath
994 sq ft

Monday, November 18, 2013

December Calendar of Events


    • 6th-8th                    Audi's Birds of Prey World Cup
    • 7th                          Minturn Winter Market
    • 9th-15th                  Vail SnowDaze
    • 13th                         Rebelution 
    • 14th                         Big Head Todd and the Monsters
    • 14th                         Minturn Winter Market
    • 15th                         Disco Skate Night
    • 19th-20th                Family FunFest
    • 20th-22nd                Vail Holidaze
    • 21st                         Winterfest at Beaver Creek Begins
    • 25th                         Christmas
    • 30th                         Neil Berg's 100 Years of Broadway
    • 31st                         Beaver Creek New Year's Eve Family Carnival
    • 31st                         Vail New Year's Eve Celebration

Friday, November 8, 2013

Vail Valley real estate has best month in September

From the Vail Daily

By the numbers:


$7.15 million: September’s most expensive sale, in Beaver Creek.
8: Sales of homes priced at more than $4 million.
157: Total sales in September.
6: Bank sales in September, down from 15 in August.
Source: Land Title Guarantee Company
 For much of this year, local real estate sales stories have had at least some variation of, “transactions are up,
 but dollar volume is down from last year. September turned that sentence on its head.
Eagle County real estate sales in September — the last month for which numbers are available from Land Title Guarantee Co. — were actually down a bit from the same period in 2012. There were 175 total sales in September of 2012, and 157 for the same period this year. The difference is in price. Those sales this year added up to $151.3 million, an 8 percent increase over September of 2012. The difference in that dollar volume came in large part from sales of very expensive homes — $4 million and more. There were eight such sales in September, which accounted for nearly one-third of the total sales volume for the month. Those eight sales also made up a significant portion of the 33 total sales of $4 million or more through the first nine months of the year. While September’s dollar volume was an improvement over 2012, the sales volume so far for the year is still less than the sales through September of 2012 — albeit by just 2 percent. And as is usually the case in the Vail Valley market, homes priced at $1 million or less make up the vast majority of transactions — 74 percent in September. But those sales accounted for 34 percent of the dollar volume.
Bank sales declining
The good news for the lower end of the market — $500,000 and less — is that various kinds of bank sales, from foreclosures to short sales, keeps declining. In 2012, bank sales made up nearly 20 percent of all transactions. In September, there were only six such sales, down from 15 in August. As you’d expect, many of the 157 September sales — 32 — were in the primarily residential areas of Eagle and Gypsum. There were 13 sales in Avon. But there were 39 total sales from East Vail to Intermountain.
Eagle County home buyers are primarily from Colorado — 62 percent. A regional report from Land Title that covers Eagle, Summit, Pitkin, Grand, Garfield and Routt counties shows in-state clients make up about 60 percent of all clients.
Of the remaining regional buyers, just more than 1 percent are from other countries. In Eagle County, 3 percent of all buyers were from international markets. While real estate seems to be improving across the spectrum, the business still remains below the pre-recession rocket ride it was on.

Thursday, October 31, 2013

New, State-of-the-Art Snowmaking Compressors at Vail and Beaver Creek


VAIL, Colo. – Oct. 30, 2013 – Thanks to the installation of new, highly-efficient snowmaking compressors at Vail and Beaver Creek, both resorts anticipate a combined energy savings of approximately 3.3 million kWh or the equivalent amount of energy used by more than 300 U.S. homes in one year compared to the previous snowmaking compressors.
The new compressors are an integral component to the snowmaking systems at Vail and Beaver Creek as compressed air is vital to the snowmaking process. At both resorts the new compressors will push air through underground snowmaking pipes to snowmaking locations across the mountains, where the air will then be used to propel water through the snow guns and into the atmosphere in order to make snow. A single new compressor at Vail will replace eight old compressors, and Beaver Creek’s new compressor will replace seven.  In addition to making the snowmaking system more efficient, these modern compressors will build on providing the highest quality snow surfaces for skiers and snowboarders.
Vail, Beaver Creek and Holy Cross Energy worked closely together on this initiative, which contributed to the creation of a new rebate program for similar large, custom commercial energy reduction projects. The project and partnership truly shows Vail Resorts and Holy Cross’ commitment to increased efficiency and energy reduction. This joint project will help Holy Cross Energy achieve 10 percent of its five-year energy efficiency goal.
“The compressor replacements at Vail and Beaver Creek are a great example of how we can work together with our community partners as well as a significant step in Vail Resorts’ new companywide energy reduction goal, ‘The Next 10,’ which aims to cut our company’s energy usage by an additional 10 percent by 2020,” said Chris Jarnot, senior vice president and chief operating officer for Vail Mountain.
In late 2008, Vail Resorts set out to reduce its energy use by 10 percent and in early 2012, the company surpassed its target goal. Through a continuous focus on energy conservation, Vail Resorts was able to reduce its electricity and natural gas usage by 10.75 percent through more efficient operations. The Next 10 Percent energy reduction goal for 2020 includes efforts such as reassessing operational efficiencies, examining ways to improve snowmaking, increasing building automation, investing in free cooling and LED lighting upgrades, and implementing additional energy efficient technologies.
Beaver Creek’s new compressor is up and running for the resort’s snowmaking operations as weather permits, including snowmaking on Beaver Creek’s new signature ladies race course, Raptor. The course will field competition Nov. 29 through Dec. 1 and serve as the ladies speed course for the 2015 World Alpine Ski Championships. Beaver Creek opens for the season on Wednesday, Nov. 27.
Vail’s new compressor will be ready to turn on as early as Nov. 1 for snowmaking operations across the front side of the mountain in preparation for the public on opening day, Friday, Nov. 22.

Sunday, October 20, 2013

November Calendar of Events

    • 1st                 Keystone Opening Day
    • 3rd                Nora Jane Struthers & the Party Line
    • 8th                 Breckenridge Opening Day
    • 10th               David Wilcox
    • 22nd              Vail Opening Day
    • 27th               Beaver Creek Opening Day
    • 27th               Beaver Creek Chocolate Chip Cookie Competition
    • 28th               Thanksgiving
    • 29th               10th Annual Gingerbread House Competition
    • 29th               33rd Annual Beaver Creek Tree Lighting
    • 29th-Dec 1st  Nature Valley Ladies World Cup