Fresh Tracks and a Fresh Start
Can you believe we are officially halfway through January? After slowing down to relish in the holidays with my family, the new year is off to an energetic pace. I closed on a 3-bedroom condo in Avon for $1.175M, put my $6.95M Vail condo under contract, placed a pre-construction $2,65,000 property under contract and brought an amazing 5-bedroom $4.6M Arrowhead duplex to market. That equates to over $10M in sold/pending properties just since the new year!
In addition, there’s been continued activity on my recently listed 4 bd + family room river duplex (lives like a single family and steps to fishing) and I’m prepping for a new listing coming soon near the Vail-Eagle airport. Pop me a quick note, if you would like me to share some potential other listings coming to market soon.
There are still opportunities to get into a pre-construction project in Avon, a new exclusive limited legacy homesite and club opportunity, and some exciting unique new listings coming online (which often get quick activity). If you are looking for a specific type of property and/or want me to be your eyes and ears, then reach out to me and let’s set up a time to have a discussion on a phone call or zoom.
In this busy season, the opportunities for outdoor adventure have been few and far between, but I was able to get up on the mountain with my good friends and it was spectacular as always!
Vail Mountain has already recorded an impressive 183″ of snow this season and a 56″ base. At of the beginning of January the snowpack depth in the Upper Colorado Headwaters, which includes Eagle County, is 136% of average for this time of year. If you are a local, you are well aware of the spectacular snowfall we have received this season. Hopefully, it continues throughout the season!
While we await the true final numbers for sales volume in Eagle County in 2022, the writing on the wall is that it was another record year of volume above $3.5B. The luxury real estate market has withheld the struggles of pandemic aftershocks, interest-rate changes, and economic downturns. Inventory continues to hover at record lows, yet, I consider the market to be strong for those properties that continue to be priced well in their area. To set up a time to discuss our market, send me a quick note here –[email protected].
Scroll down to read the reasons why we continue to have low inventory and a current active and stable market.
Until next month!
*NEW* Remodeled Home Close To Skiing
640 Arrowhead Drive, 15B | Arrowhead (Edwards), Colorado
5 Beds | 6 Baths | 4,264 Sq. Ft. | Listed For $4,600,000
Beautifully remodeled furnished home is ready for you to begin your mountain family legacy traditions! This expansive duplex with plenty of space is located in the heart of Arrowhead within walking distance to the base of Arrowhead Mountain, Alpine Club & Country Club of the Rockies. The exterior boasts an expanded outdoor patio featuring a gas grill & large fire pit, a 2018 synthetic roof replacement and recent paint palette makeover. The interior showcases a light and bright floorplan with vaulted ceilings and updated finishes including new kitchen countertops/backsplash with Subzero, Wolf & Asko appliances. Unique to Pinions Complex, this is an end unit with a separated driveway, a gracious backyard private feel and a secondary entrance with a large bonus mudroom complete with boot dryers. Four of the five bedrooms have an en-suite bath, an oversized 2-car garage with a bonus storage area and newly added epoxy resin flooring. Welcome to Lifestyle. Location. Livability!
Projected Potential Revenue – Gross $200k+ Annual Income
3 Reasons For Vail Valley’s Sustained Market
#1 LOW INVENTORY CONTINUES
156 residential properties sold Nov 1, 2022 – January 16, 2023 – and currently we have 256 active residential properties listed
#2 LIFESTYLE
Lifestyle is dictating where people are choosing to reside especially in resort areas such as the Vail Valley especially given more people are working remotely.
#3 LIMITED LAND FOR FURTHER DEVELOPMENT OPPORTUNITIES
We are surrounded by protected BLM and Forest Service land which limits the amount of new development potential, which will always tip the scale in terms of demand.
Curious for more thoughts? Read additional insights about the global luxury market with the link below for The 2023 Luxury Outlook.
The 2023 Luxury Outlook
In this year’s Luxury Outlook Report, we highlight the trends that you can expect in the year ahead, from the projected flow of global wealth into the real estate market to luxury real estate in the metaverse. I hope that this compilation of research and industry perspectives—exclusively presented by Sotheby’s International Realty—helps you as you look to invest your equity wisely in 2023. Click the image below or here to read the full report.