$386M Under Contract In July
Another unbelievable month of market activity in July! Despite the early season slow down of April and May, the Vail Valley market has rebounded in a way that not many expected.
UNDER CONTRACT PROPERTIES
As you can see below, over $386M worth of property went under contract last month which equates to 262 homes. Compare that to July of 2019 where only 155 properties went under contract for $230,143,804. That is a $156.4M increase in dollar volume and a 69% increase in number of transactions.
Similarly, the number of closed transactions was also up compared to July of last year. This July, 153 properties sold for nearly $196M with an average sold price of $1,279,320 (a 39% increase from the average sold price last year). In July of 2019, there were 125 properties sold for just over $119M. That is a $76.6M increase in dollar volume and a 22% increase in the number of transactions.
New Listings In Vail
2 Units Combined In Custom Remodel
1650 Fallridge Road #409/410 | Vail, CO
Rare 2-Unit Combination Steps To Vail Golf CourseLooking for the fresh look of mountain modern at the iconic Fall Ridge condominium? This custom remodeled top floor three-bedroom/three-bath unit with open concept is truly one-of-a-kind at this building.
Completely remodeled with very functional and spacious kitchen/dining area open to the spacious living area complete with a beautiful linear fireplace. Keep your toes warm with the in-floor radiant heat and tile throughout. Rare full-size washer and dryer in unit as well as extra storage.
Easy living building with elevator access and underground parking. This complex provides a convenient and private location within a short walking distance to the free Town of Vail bus system and steps away to the clubhouse of the Vail Golf Course. Amenities include an outdoor pool, indoor hot tub and large community game room for your enjoyment. A great option for either year-round living or your mountain getaway.
3 Bedrooms / 3 Bathrooms / 1,829 Sq. Ft. / $1,600,000
Turn-Key, Fully Furnished Vail Condo
1650 Fallridge Road #101 | Vail, CO
1 Bedroom | 2 Bathrooms | 990 Sq. Ft.
This is it! The one and only oversized one-bedroom unit of its own kind at Fall Ridge with almost 1000 square feet of roomy living. This completely remodeled fully furnished mountain modern unit is truly a unicorn and ideal for that extra living space wanted for remote working or for overflow guests complete with two full baths. Located on the main lobby level on the mountain side of the complex with easy living elevator access and underground parking. This complex provides a convenient and private location within a short walking distance to the free Town of Vail bus system and steps away to the clubhouse of the Vail Golf Course. Amenities include an outdoor pool, indoor hot tub and large community game room for your enjoyment. A great option for either year-round living or your mountain getaway.
Turn-Key, 1-Bedroom Vail CondoThis is it! The one and only oversized one-bedroom unit of its own kind at Fall Ridge with almost 1,000 square feet of roomy living space.
This completely remodeled fully furnished mountain modern unit is truly a unicorn and ideal for that extra living space wanted for remote working or for overflow guests complete with two full baths.
Located on the main lobby level on the mountain side of the complex with easy living elevator access and underground parking. This complex provides a convenient and private location within a short walking distance to the free Town of Vail bus system and steps away to the clubhouse of the Vail Golf Course.
Amenities include an outdoor pool, indoor hot tub and large community game room for your enjoyment. A great option for either year-round living or your mountain getaway.
1 Bedroom / 2 Bathrooms / 990 Sq. Ft. / $750,000
Leveraging Your Home Purchase
Discover the Benefits of Luxury Home Rentals with InvitedHome
In resort destinations like Vail, luxury home rentals are in high demand and can be a great way to offset the costs of your home purchase. My recommended partner, InvitedHome, is the crème de la crème of luxury home management and rentals. The amount of detail and attention they provide to not only the homeowners, but the renters themselves is far above most others.
InvitedHome has a thoughtfully curated portfolio of homes in major ski destinations across the U.S. and if you would like your home to be considered for their portfolio, just contact me and we can get the process started!
Watch my interview below with Jenny Veruchi from InvitedHome as we discuss the company’s adaptation during COVID with specialized cleaning practices, virtual wine tastings and social distancing events for guests.
Curating Your Inspired VacationFrom sprawling estates to quaint cottages, InvitedHome's luxury rentals are among the finest in the mountains. Our exceptional guest services are consistent across every destination, so you can be confident your vacation will go exactly as planned, every time. InvitedHome was created to reintroduce a virtue that’s been missing from the vacation rental industry for years: Trust.
They believe in doing what’s right, even when no one is looking. For homeowners who entrust their vacation homes and rental management to IH, that means practicing genuine care, for the home and its owners, at all times. It means thinking creatively to drive more rental revenue, and explore avenues others haven’t. It means moving mountains for homeowners to earn their trust, and celebrating their successes alongside them.
Trust is equally vital to the guests. You can’t take back a bad vacation, and guests rely on IH to get it right the first time. Everyone on the team holds each other accountable for upholding that commitment to our guests, and when the unexpected arises, we deftly navigate issues, identify root causes, and implement solutions. They’re not here to revolutionize the vacation rental industry. They’re here to passionately care for the homeowners they serve, generate revenue while preserving a home’s long-term value, and provide guests a place to spend an unforgettable vacation. InvitedHome, is an employee-owned and family-run company specializing in luxury vacation rentals in mountain resort destinations, including Telluride, Vail, Breckenridge, Park City, and Lake Tahoe.
To view InvitedHome's portfolio of vacation rentals, visit http://invitedhome.com/. If you'd like to speak with Jenny, contact Andie at [email protected] and she will put you in touch with her.
A long-time local since the mid-1980's, Andie Ohde knows the Vail lifestyle. She is an avid biker, golfer and skier which makes the Vail Valley the perfect place for her. She is a luxury real estate broker with LIV Sotheby's International Realty with a rich family history in the real estate industry. Her clients love her passion for the mountains and the people here, which is why she loves connecting the Vail lifestyle and the community so much.
Upcoming No Reserve Auction | Walden House
“Walden,” the novel by transcendentalist Henry David Thoreau, has inspired the design and lifestyle of the Walden House. A rare, Annabelle Selldorf-designed single-family residence, the estate serves as a reflection upon the personal growth and spiritual discovery that come from living simply in nature. The dream home of the founder of the One&Only Luxury Resorts and ideally positioned atop Whiskey Ridge, the secluded parcel of land is remarkably level, giving you unmatched privacy, walkability, and open vistas of the rugged alpine terrain.
Walden House’s most distinctive feature is its interaction with its setting, and is unable to be replicated. The heart of the living space is a central courtyard that frames the changing colors of columbines and maple trees. Although grand in its footprint, each area’s scale and volume were curated with purpose — to enable family interaction while serving as a friendly venue for entertaining guests. A modern staircase with an inverse design pattern showcases Walden House’s most unique feature, three perfectly stacked bedrooms leading to a master bedroom perched at the top. Previously listed for $29,000,000.
Bidding opens August 29th – if you are interested in more information, please contact me. I have successfully completed an auction sale in the past, so I am familiar with how it works.
LIV Magazine Is Here!
In this issue, we explore the evolution of the real estate industry through technology, take you on a tour of your dream homes with the finest amenities and features, and sit down with Cathy Ritter, Director of the Colorado Tourism Office, to discuss travel in the state of Colorado during this time of social distancing. Explore The Magazine