Happy New Year...it is now the day after Christmas, and I keep hearing people tell me how glad they are Christmas is over for another year. Well, yes, I guess. I do understnad the Holidays are stressful, busy, expensive, and sometimes difficult. But, I believe as it says in one of my favorite Christmas Carols, it is the most wonderful time of the year. And, as I say that, when another holiday and/or season rolls around that too will be the most wonderful time of the year. My mother competed for the title of Queen of Christmas. She LOVED the holiday and worked on it for months so that we all had a wonderful time. And, she had a gift for EVERYONE from the man who plowed the lane to their house, to the postman and the unknown person who delivered their newspaper. She simply put an edible gift in the newspaper and mail boxes and not only wished them the happiness of the season but also thanked them.
To her, it was a time to thank everyone and wish them not only the best of Christmas Holiday but a Happy New Year. She believed in the wonders of the Universe. And, although she left us 9 years ago, I still understand her deep reverence for the Holidays. Since then, I have not replicated the holidays as we spent them when she was alive, instead I think it is OK to mix them up...and I find them especially wonderful here in Vail and Beaver Creek. We have wonderful times at Christmas and New Year's with spectacular skiing, snow boarding, ice-skating, food, families, fireworks, shopping and just plain FUN!
And, so often our Visitors to the Valley fall in love with our area and decide perhaps, they too should have a home here. So, they venture on to the proverbial world wide web...and then walk through our doors or call us. And the question, today is about the Real Estate Market and DEALS...well, the Real Estate Market in Vail, Beaver Creek, and surrounding areas is ALIVE and WELL...and yes there are some Deals, as well as new exciting nbsp;product in both Vail and outside of Beaver Creek.
So, to move to the subject at hand, we have a new project called The Ascent formerly known as The Gates. It was a completed project, but the original Developer never closed on any of the Residences. There are 49 Residences at The Ascent, it sits right outside of the main Beaver Creek Welcome Gate, and prices for two bedrooms begin at $399,000...YES, I did type it correctly, $399,000. The building has shuttles to both Beaver Creek and Vail for skiing.
Vail Village also witnessed the opening of the Front Doors of a Fours Seasons Hotel, Club, and Private Residences. The private Residences, of which there are currently 13 for sale, are priced from $2,700,000 to $10,700,000. They have a wonderful hotel, gorgeous dining facilties, and spectacular spa. The spa currrently is only available for guests and owners at The Four Seasons. So, one may have to check into the hotel for a night to enjoy the spa.
Lionshead also saw the doors open on private residences of Ritz Carlton Residences. It too is a beautiful building with Club as well as Private Residences. Their prices are more likely to mirror those of the Four Seasons rather than The Ascent. But, we have several price points in between in Vail Village, Lionshead, and Beaver Creek. If a deal is what one is looking for, we have those. I am afraid we don't have private residences and homes selling at 50 cents on the dollar, as our Valley has never had the over building or many desperate Sellers. However, this is a great time to buy since we have both low interest rates and motivated Sellers. If you want a home to share with your family, friends, and to make memories in, then this is the place to be and buy. You won't steal anything, but IF you are understanding and wanting to enjoy all of your QTR, aka quality time remaining with your children and/or grandchildren, then NOW is the time to buy.
Our Valley is a magical place and at times the ONLY place to be with your family, friends and perhaps alone by yourself. So if you understand it isn't always about the deal, but is about the time and place, NOW is a great time to buy in the Vail Valley. I wish you a Happy, Healthy, and Prosperous New Year! Amy
Sunday, December 26, 2010
Tuesday, December 7, 2010
Snow and Resort Real Estate
I woke up this morning to a beautiful 6 or 7 inches of fresh snow. My dogs were thrilled with the prospect of running outside to race through the untracked field of white. It continued to snow all morning with a huge accumulation by the time the sun peaked through around 2:30 p.m.
Because I grew up in Colorado and was born in the dead of winter, I have ALWAYS LOVED winter, or so I believe. So, it is not difficult for me to want snow all winter long. But, more importantly, for those of us who live and work in a resort market, we understand that we need cooperation from Mother Nature, to make the business wheels go round....and round...and round. I sell resort real estate in one of North America's BEST ski resorts, Vail and Beaver Creek Mountains. Yes, I love to snowboard and look forward to the winters because it affords me the wonders of slipping down a mountain on a snowboard.
However, I also am in the real estate industry. I sell real estate. So, unless you have been living in a cave for the past two or three years, you realize that the real estate market and industry have been brutalized by economic events, the press, and the public. As one of my Clients recently told me, YOU, the real estate "people" caused this economic downturn. While I know many people throughout the Country bought homes they could not afford, I do know that most to all of the people I have sold real estate aka homes to in the past several years could more than afford them. And, because we have the beautiful "white gold" and incredible mountain and Valley, we attract the obsessed skiers and snowboarders as well as the wealthy/affluent families who seek beauty, relaxation, and fun.
Snow is what attracts the vast majority of our resort guests and homeowners. They come for our incredibly fun and beautiful winters of snow, sunshine, and crisp, dry, air....we live at the top of the world. And our Valley is finite as it is mostly public land which is part of the Forestry Service or Bureau of Land Management. And, so with anything that has precious few acres, miles, or square footage, the prices escalate. And, while our real estate prices aka market still seems quite high, many will tell you that we have some of the best values in our market that we have had in the past 20 years. And for the Buyer pondering a purchase this feels like the year, rates are great, the snow is sensational, and we are feeling that many of the Buyers are ready to buy. Winters tend to be our best selling seasons in the ski resorts. Our summers are outstanding...we ALL LOVE them. But, this winter is feeling different from the past few, it just seems like the mood and temperaments have changed. And, you can only keep people down for a period of time. My thoughts are this is going to be a fabulous ski season and year. Snow makes this Resort Market go round....and round...and round. Happy Holidays! Amy
Because I grew up in Colorado and was born in the dead of winter, I have ALWAYS LOVED winter, or so I believe. So, it is not difficult for me to want snow all winter long. But, more importantly, for those of us who live and work in a resort market, we understand that we need cooperation from Mother Nature, to make the business wheels go round....and round...and round. I sell resort real estate in one of North America's BEST ski resorts, Vail and Beaver Creek Mountains. Yes, I love to snowboard and look forward to the winters because it affords me the wonders of slipping down a mountain on a snowboard.
However, I also am in the real estate industry. I sell real estate. So, unless you have been living in a cave for the past two or three years, you realize that the real estate market and industry have been brutalized by economic events, the press, and the public. As one of my Clients recently told me, YOU, the real estate "people" caused this economic downturn. While I know many people throughout the Country bought homes they could not afford, I do know that most to all of the people I have sold real estate aka homes to in the past several years could more than afford them. And, because we have the beautiful "white gold" and incredible mountain and Valley, we attract the obsessed skiers and snowboarders as well as the wealthy/affluent families who seek beauty, relaxation, and fun.
Snow is what attracts the vast majority of our resort guests and homeowners. They come for our incredibly fun and beautiful winters of snow, sunshine, and crisp, dry, air....we live at the top of the world. And our Valley is finite as it is mostly public land which is part of the Forestry Service or Bureau of Land Management. And, so with anything that has precious few acres, miles, or square footage, the prices escalate. And, while our real estate prices aka market still seems quite high, many will tell you that we have some of the best values in our market that we have had in the past 20 years. And for the Buyer pondering a purchase this feels like the year, rates are great, the snow is sensational, and we are feeling that many of the Buyers are ready to buy. Winters tend to be our best selling seasons in the ski resorts. Our summers are outstanding...we ALL LOVE them. But, this winter is feeling different from the past few, it just seems like the mood and temperaments have changed. And, you can only keep people down for a period of time. My thoughts are this is going to be a fabulous ski season and year. Snow makes this Resort Market go round....and round...and round. Happy Holidays! Amy
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