Colorado Residential Luxury Report – Quarter 3, 2016
Continuing the summer trend, we have seen a number of eye-popping transactions in Vail and Beaver Creek.
With a $26 million home going under contract in Vail Village and a striking custom home selling in Beaver Creek for nearly $8.5m, the fall selling season seems to possibly be gathering some stream at the high end of the market. The name of the game continues to be “turnkey” homes in ready to move in shape. A number of good values in Beaver Creek seem to be attracting more attention, both in condos and homes. The middle of the market across the Vail Valley is experiencing lower inventory and limited newer product. The mid-valley markets have seen robust activity with local buyers and entry level second home purchaser’s.
The late season acquisitions will begin to give way to new listings as Seller’s prepare to take advantage of the upcoming winter selling season. The “flight to safety” purchaser continues to scour the inventory for that perfect place to retreat with family and friends. Look for a possible post elections surge once the uncertainty tapers off.