With snow falling in the Colorado Rocky Mountains, Buyers continue to seek to purchase luxury homes in anticipation of the 2017/18 ski season, positioning the Vail Valley for continued growth. We are seeing an incredibly active market during the “shoulder season” this year so I expect this upward trend to continue into the next couple of months.
I currently have several properties under contract ranging in listing prices from $625,000 to $8,000,000. The resort markets in Vail and Beaver Creek are the hottest markets right now but properties under $1,000,000 are doing very well throughout the Valley. Prices up to $2,000,000 are hot in Vail and Bachelor Gulch single family homes have been on fire recently with one 12 million dollar sale recently closing with two more pending.
The most expensive residential sale that closed in September in the Vail Valley was a 5,072 square-foot residence located at 76 Holden Road, Beaver Creek, CO, that sold for $3,325,000. This was an older property in generally considered in need or remodeling.