VailRealEstate.com
Don Zerangue
Tiffany Lydon
Ed Levy
Mary Ann Koson
Bob Jamar
160 Cresta Road, Suite 108 Edwards, CO 81632 P.O. Box 3418 Vail, CO 81658 Phone: (800)535-8882 • (970)926-3000 Matt Iverson
In the charming and private enclave of Cresta in Arrowhead, this lovely duplex enjoys creek and ski slope views, a ski-in/ski-out location and sits within walking distance to Arrowhead Village and all of its amenities. A mixture of European alpine and Colorado western architectural styles combine to create a unique ambience. This home features top-of-theline appliances in the kitchen, Travertine stone floor and countertops in the master bath, hardwood floors in the main living area and a gas fireplace in the living room.
Kathy Iverson
PRICE: $1,995,000 BED/BATH: 4/4.5 SQUARE FEET: 2759 +/- WEB ID: B21059
David Adkins
390 Cresta Road
Your Arrowhead Community Experts
Slifer Smith & Frampton arrowhead Office
Ground floor residence in the heart of Arrowhead Village, just steps to the chairlift. Yearround swimming pool and hot tub. Private ski locker room in building, extra storage in garage. This residence opens out to an eastern facing expanded stone patio. Perfect for outdoor entertaining. Ceiling fans in great room and master bedroom. Offered furnished.
News from the most trusted name in Vail Valley real estate since 1962
2115 Cresta Road
Ar r owhe ad
PRICE: $795,000 BED/BATH: 2/2 SQUARE FEET: 1,135 +/- WEB ID: B24395
C om munity In sider
S life r Sm it h & F rampton Re al Estate
Pinecone Lodge 104
PRICE: $10,500,000 BED/BATH: 6/7 SQUARE FEET: 9,998 +/- WEB ID: B27244
VailRealEstate.com
Arrowhead Market Statistics
Real Estate News
Neighborhood Buzz
Featured Properties
Exclusively listed by Slifer Smith & Frampton Real Estate
In this issue >>
Spring 2009
Featured Properties
VailRealEstate.com
Don Zerangue
Tiffany Lydon
Ed Levy
Mary Ann Koson
Bob Jamar
160 Cresta Road, Suite 108 Edwards, CO 81632 P.O. Box 3418 Vail, CO 81658 Phone: (800)535-8882 • (970)926-3000 Matt Iverson
In the charming and private enclave of Cresta in Arrowhead, this lovely duplex enjoys creek and ski slope views, a ski-in/ski-out location and sits within walking distance to Arrowhead Village and all of its amenities. A mixture of European alpine and Colorado western architectural styles combine to create a unique ambience. This home features top-of-theline appliances in the kitchen, Travertine stone floor and countertops in the master bath, hardwood floors in the main living area and a gas fireplace in the living room.
Kathy Iverson
PRICE: $1,995,000 BED/BATH: 4/4.5 SQUARE FEET: 2759 +/- WEB ID: B21059
David Adkins
390 Cresta Road
Your Arrowhead Community Experts
Slifer Smith & Frampton arrowhead Office
Ground floor residence in the heart of Arrowhead Village, just steps to the chairlift. Yearround swimming pool and hot tub. Private ski locker room in building, extra storage in garage. This residence opens out to an eastern facing expanded stone patio. Perfect for outdoor entertaining. Ceiling fans in great room and master bedroom. Offered furnished.
News from the most trusted name in Vail Valley real estate since 1962
2115 Cresta Road
Ar r owhe ad
PRICE: $795,000 BED/BATH: 2/2 SQUARE FEET: 1,135 +/- WEB ID: B24395
C om munity In sider
S life r Sm it h & F rampton Re al Estate
Pinecone Lodge 104
PRICE: $10,500,000 BED/BATH: 6/7 SQUARE FEET: 9,998 +/- WEB ID: B27244
VailRealEstate.com
Arrowhead Market Statistics
Real Estate News
Neighborhood Buzz
Featured Properties
Exclusively listed by Slifer Smith & Frampton Real Estate
In this issue >>
Spring 2009
Featured Properties
The Neighborhood Buzz
Real Estate News Eagle County real estate ends 2008 on a high note Eagle County ended the year with $225,150,500 in total dollar volume in December, bringing the year end total to more than $2.2 billion for 2008. This is 25% shy of last year’s total and down just 19% from 2006. The driving force in Eagle County in 2008 was the high-end properties sales. There were 71 transactions selling for more than $5 million for the entire year; 12 of those transactions were in December. This is 17 more transactions at the over $5 million level than we had last year. This helped create one of the highest average sales price months we’ve ever seen in December at $2,207,358. Here are a few of the influencing projects for December 2008: • The Westin Riverfront Resort & Spa had 16 closings totaling $17,043,200 • Vail Mountain View Residences had 16 closings totaling $54,841,400
Upcoming Events – Spring/Summer 2009
• The Chalets at Lodge at Vail had 5 closings totaling $60,250,000 • The Penthouses at Manor Vail had 3 closings totaling $22,732,500
March 29 – Arrowhead ® Closing Day
While total dollar volume stayed above $2 billion for the fifth consecutive year, the number of transactions have declined to a total of 1606 for 2008, 40% fewer transactions than 2007.
April 1-4 – Taste of Vail A food and wine event designed to focus on our world-class restaurants in the Vail Valley. tasteofvail.com
Source: Land Title Guarantee Company. Deemed reliable but not guaranteed.
Market Statistics ARROWHEAD SOLD PROPERTIES 9/1/2008 - 3/1/2009 Address
Bed
May 23-24 – Blues Brew and BBQ Festival Escape to Beaver Creek this Memorial Day weekend for great eats and musical treats at the annual Blues, Brews & BBQ festival. This fitting start to summer in the mountains features daily kids activities, cooking demonstrations, and three free Blues concerts! beavercreek. snow.com
Why is now a good time to buy?
July 27-August 11 – Vail International Dance Festival One of the world’s premier gatherings of dancers, choreographers and musicians returns for the 2009 installment. Additional activities include free dancing seminars, interactive workshops and social gatherings. vaildance.org.
$6,250,000
$5,450,000
719.852
9/5/08
6.5
Unfurn
150 Sawatch Drive
4
4
Unfurn
2,400
$1,400,000
$1,150,000
479.167
9/15/08
1860 Cresta Road
6
7
Full
8,400
$10,500,000
$7,767,000
924.643
9/15/08
Dakota at Arrowhead 39
3
3.5
Partial
2,883
$1,649,000
$1,600,000
554.977
9/16/08
Spruce Tree Lodge 301
3
3.5
Full
1,533
$1,150,000
$975,000
636.008
9/26/08
Dakota at Arrowhead 50
3
5.5
Full
3,349
$1,625,000
$1,325,000
395.64
9/30/08
Spruce Tree Lodge 305
3
3
Full
1,661
$1,195,000
$1,100,000
662.252
10/7/08
Alpine Club 204
2
2
Full
1,220
$975,000
$880,000
721.312
10/14/08
2300 Cresta Road
6
8
Unfurn
10,000
$9,350,000
$9,600,000
960
12/5/08
Arrowhead Clubhouse 4
2
2
Full
1,520
$945,000
$850,000
559.211
1/30/09
392 Cresta Road
4
4.5
Full
2,805
$2,995,000
$2,000,000
713.013
2/13/09
$115,000
$98,500
6,086
$6,495,000
$5,350,000
879.067
2/18/09
7,571
parking space 6
6.5
Full
2/17/09
2004
2005
2006
2007
2008
high
$812
$777
$863
$969
$1,035
low
$258
$270
$321
$352
$375
average
$418
$430
$497
$577
$666
For those of you wanting to purchase a mountain property or move to a larger/smaller home but wondering when you should do that, we suggest you call and request our 2009 Smart Buyers Report or download at smartbuyers.vailrealestate.com. This report outlines the advantages to purchasing a home now and explains why “Smart Buyers” are purchasing homes now rather than waiting. Now is the time you can find the house of your choice at a great value.
Buyer Myths From “The Today Show”
Condominium/Townhome high low average
2004
2005
2006
2007
2008
$616
$764
$973
$1,216
$1,008
$413
$403
$396
$642
$710
$671
$274 $440
$311 $531
Recently The Today Show interviewed Barbara Corcoran, owner of Corcoran Group Real Estate in New York & Florida. Several of these myths apply to our market: MYTH: Sellers today are desperate.
June 4-7 – Teva Mountain Games The country’s largest celebration of mountain sport, soul and culture kicks off once again when the Teva Mountain Games return to Vail Village. tevamountaingames.com
Sold date
Single-Family/Duplex
April 12 – Beaver Creek Mountain Closing Day
April 19 – Vail Mountain Closing Day
sold price sq.ft.
ARROWHEAD PRICE PER SQUARE FOOT COMPARISON
®
April 13-19 – Spring Back To Vail Vail’s huge end of the season bash includes free concerts with national headlining bands, unique competitions and the World Pond Skimming Championships. Top off the festivities with incredible lift ticket deals and great lodging packages and you’ll see why everyone knows Vail is the place to be this spring. springbacktovail.com
Sold price
6
35 Cresta Road
April 5 – Beaver Creek Snowshoe Shuffle From beginners to pros, this Beaver Creek event truly offers something for participants of all ages and abilities. Featuring the East West 5K Quest, a competitive 10K run, Kids K, and the Dash for Cash. bcsnowshoe.com
Original list price
199 Windermere Circle
54 Cresta Road
April 2-5 – Vail Film Festival The Vail Film Festival is a 4-day event featuring films from all over the world, panel discussions with top film industry professionals, live music by established singer/songwriters, screenplay readings of winning screenplays, parties and discounts on lift tickets to get in some unforgettable skiing. vailfilmfestival.org
Bath Furnish Sq.ft.
Most are not. Always ask why the sellers are selling. MYTH: The longer the house is on the market, the more you can negotiate.
This may not translate into price negotiating but means that the seller may be stubbornly holding on to their price.
Please call us at (970)926-3000 if you would like a list of all active properties in Arrowhead or would like to discuss any of the information we have provided.
MYTH: You shouldn’t buy before prices have bottomed.
You can’t sharp shoot the real estate market. Once you have identified the “bottom” prices have already moved up.
Source of data is from the Vail Board of Realtors, Mulitple Listing Service.
The Neighborhood Buzz
Real Estate News Eagle County real estate ends 2008 on a high note Eagle County ended the year with $225,150,500 in total dollar volume in December, bringing the year end total to more than $2.2 billion for 2008. This is 25% shy of last year’s total and down just 19% from 2006. The driving force in Eagle County in 2008 was the high-end properties sales. There were 71 transactions selling for more than $5 million for the entire year; 12 of those transactions were in December. This is 17 more transactions at the over $5 million level than we had last year. This helped create one of the highest average sales price months we’ve ever seen in December at $2,207,358. Here are a few of the influencing projects for December 2008: • The Westin Riverfront Resort & Spa had 16 closings totaling $17,043,200 • Vail Mountain View Residences had 16 closings totaling $54,841,400
Upcoming Events – Spring/Summer 2009
• The Chalets at Lodge at Vail had 5 closings totaling $60,250,000 • The Penthouses at Manor Vail had 3 closings totaling $22,732,500
March 29 – Arrowhead ® Closing Day
While total dollar volume stayed above $2 billion for the fifth consecutive year, the number of transactions have declined to a total of 1606 for 2008, 40% fewer transactions than 2007.
April 1-4 – Taste of Vail A food and wine event designed to focus on our world-class restaurants in the Vail Valley. tasteofvail.com
Source: Land Title Guarantee Company. Deemed reliable but not guaranteed.
Market Statistics ARROWHEAD SOLD PROPERTIES 9/1/2008 - 3/1/2009 Address
Bed
May 23-24 – Blues Brew and BBQ Festival Escape to Beaver Creek this Memorial Day weekend for great eats and musical treats at the annual Blues, Brews & BBQ festival. This fitting start to summer in the mountains features daily kids activities, cooking demonstrations, and three free Blues concerts! beavercreek. snow.com
Why is now a good time to buy?
July 27-August 11 – Vail International Dance Festival One of the world’s premier gatherings of dancers, choreographers and musicians returns for the 2009 installment. Additional activities include free dancing seminars, interactive workshops and social gatherings. vaildance.org.
$6,250,000
$5,450,000
719.852
9/5/08
6.5
Unfurn
150 Sawatch Drive
4
4
Unfurn
2,400
$1,400,000
$1,150,000
479.167
9/15/08
1860 Cresta Road
6
7
Full
8,400
$10,500,000
$7,767,000
924.643
9/15/08
Dakota at Arrowhead 39
3
3.5
Partial
2,883
$1,649,000
$1,600,000
554.977
9/16/08
Spruce Tree Lodge 301
3
3.5
Full
1,533
$1,150,000
$975,000
636.008
9/26/08
Dakota at Arrowhead 50
3
5.5
Full
3,349
$1,625,000
$1,325,000
395.64
9/30/08
Spruce Tree Lodge 305
3
3
Full
1,661
$1,195,000
$1,100,000
662.252
10/7/08
Alpine Club 204
2
2
Full
1,220
$975,000
$880,000
721.312
10/14/08
2300 Cresta Road
6
8
Unfurn
10,000
$9,350,000
$9,600,000
960
12/5/08
Arrowhead Clubhouse 4
2
2
Full
1,520
$945,000
$850,000
559.211
1/30/09
392 Cresta Road
4
4.5
Full
2,805
$2,995,000
$2,000,000
713.013
2/13/09
$115,000
$98,500
6,086
$6,495,000
$5,350,000
879.067
2/18/09
7,571
parking space 6
6.5
Full
2/17/09
2004
2005
2006
2007
2008
high
$812
$777
$863
$969
$1,035
low
$258
$270
$321
$352
$375
average
$418
$430
$497
$577
$666
For those of you wanting to purchase a mountain property or move to a larger/smaller home but wondering when you should do that, we suggest you call and request our 2009 Smart Buyers Report or download at smartbuyers.vailrealestate.com. This report outlines the advantages to purchasing a home now and explains why “Smart Buyers” are purchasing homes now rather than waiting. Now is the time you can find the house of your choice at a great value.
Buyer Myths From “The Today Show”
Condominium/Townhome high low average
2004
2005
2006
2007
2008
$616
$764
$973
$1,216
$1,008
$413
$403
$396
$642
$710
$671
$274 $440
$311 $531
Recently The Today Show interviewed Barbara Corcoran, owner of Corcoran Group Real Estate in New York & Florida. Several of these myths apply to our market: MYTH: Sellers today are desperate.
June 4-7 – Teva Mountain Games The country’s largest celebration of mountain sport, soul and culture kicks off once again when the Teva Mountain Games return to Vail Village. tevamountaingames.com
Sold date
Single-Family/Duplex
April 12 – Beaver Creek Mountain Closing Day
April 19 – Vail Mountain Closing Day
sold price sq.ft.
ARROWHEAD PRICE PER SQUARE FOOT COMPARISON
®
April 13-19 – Spring Back To Vail Vail’s huge end of the season bash includes free concerts with national headlining bands, unique competitions and the World Pond Skimming Championships. Top off the festivities with incredible lift ticket deals and great lodging packages and you’ll see why everyone knows Vail is the place to be this spring. springbacktovail.com
Sold price
6
35 Cresta Road
April 5 – Beaver Creek Snowshoe Shuffle From beginners to pros, this Beaver Creek event truly offers something for participants of all ages and abilities. Featuring the East West 5K Quest, a competitive 10K run, Kids K, and the Dash for Cash. bcsnowshoe.com
Original list price
199 Windermere Circle
54 Cresta Road
April 2-5 – Vail Film Festival The Vail Film Festival is a 4-day event featuring films from all over the world, panel discussions with top film industry professionals, live music by established singer/songwriters, screenplay readings of winning screenplays, parties and discounts on lift tickets to get in some unforgettable skiing. vailfilmfestival.org
Bath Furnish Sq.ft.
Most are not. Always ask why the sellers are selling. MYTH: The longer the house is on the market, the more you can negotiate.
This may not translate into price negotiating but means that the seller may be stubbornly holding on to their price.
Please call us at (970)926-3000 if you would like a list of all active properties in Arrowhead or would like to discuss any of the information we have provided.
MYTH: You shouldn’t buy before prices have bottomed.
You can’t sharp shoot the real estate market. Once you have identified the “bottom” prices have already moved up.
Source of data is from the Vail Board of Realtors, Mulitple Listing Service.
The Neighborhood Buzz
Real Estate News Eagle County real estate ends 2008 on a high note Eagle County ended the year with $225,150,500 in total dollar volume in December, bringing the year end total to more than $2.2 billion for 2008. This is 25% shy of last year’s total and down just 19% from 2006. The driving force in Eagle County in 2008 was the high-end properties sales. There were 71 transactions selling for more than $5 million for the entire year; 12 of those transactions were in December. This is 17 more transactions at the over $5 million level than we had last year. This helped create one of the highest average sales price months we’ve ever seen in December at $2,207,358. Here are a few of the influencing projects for December 2008: • The Westin Riverfront Resort & Spa had 16 closings totaling $17,043,200 • Vail Mountain View Residences had 16 closings totaling $54,841,400
Upcoming Events – Spring/Summer 2009
• The Chalets at Lodge at Vail had 5 closings totaling $60,250,000 • The Penthouses at Manor Vail had 3 closings totaling $22,732,500
March 29 – Arrowhead ® Closing Day
While total dollar volume stayed above $2 billion for the fifth consecutive year, the number of transactions have declined to a total of 1606 for 2008, 40% fewer transactions than 2007.
April 1-4 – Taste of Vail A food and wine event designed to focus on our world-class restaurants in the Vail Valley. tasteofvail.com
Source: Land Title Guarantee Company. Deemed reliable but not guaranteed.
Market Statistics ARROWHEAD SOLD PROPERTIES 9/1/2008 - 3/1/2009 Address
Bed
May 23-24 – Blues Brew and BBQ Festival Escape to Beaver Creek this Memorial Day weekend for great eats and musical treats at the annual Blues, Brews & BBQ festival. This fitting start to summer in the mountains features daily kids activities, cooking demonstrations, and three free Blues concerts! beavercreek. snow.com
Why is now a good time to buy?
July 27-August 11 – Vail International Dance Festival One of the world’s premier gatherings of dancers, choreographers and musicians returns for the 2009 installment. Additional activities include free dancing seminars, interactive workshops and social gatherings. vaildance.org.
$6,250,000
$5,450,000
719.852
9/5/08
6.5
Unfurn
150 Sawatch Drive
4
4
Unfurn
2,400
$1,400,000
$1,150,000
479.167
9/15/08
1860 Cresta Road
6
7
Full
8,400
$10,500,000
$7,767,000
924.643
9/15/08
Dakota at Arrowhead 39
3
3.5
Partial
2,883
$1,649,000
$1,600,000
554.977
9/16/08
Spruce Tree Lodge 301
3
3.5
Full
1,533
$1,150,000
$975,000
636.008
9/26/08
Dakota at Arrowhead 50
3
5.5
Full
3,349
$1,625,000
$1,325,000
395.64
9/30/08
Spruce Tree Lodge 305
3
3
Full
1,661
$1,195,000
$1,100,000
662.252
10/7/08
Alpine Club 204
2
2
Full
1,220
$975,000
$880,000
721.312
10/14/08
2300 Cresta Road
6
8
Unfurn
10,000
$9,350,000
$9,600,000
960
12/5/08
Arrowhead Clubhouse 4
2
2
Full
1,520
$945,000
$850,000
559.211
1/30/09
392 Cresta Road
4
4.5
Full
2,805
$2,995,000
$2,000,000
713.013
2/13/09
$115,000
$98,500
6,086
$6,495,000
$5,350,000
879.067
2/18/09
7,571
parking space 6
6.5
Full
2/17/09
2004
2005
2006
2007
2008
high
$812
$777
$863
$969
$1,035
low
$258
$270
$321
$352
$375
average
$418
$430
$497
$577
$666
For those of you wanting to purchase a mountain property or move to a larger/smaller home but wondering when you should do that, we suggest you call and request our 2009 Smart Buyers Report or download at smartbuyers.vailrealestate.com. This report outlines the advantages to purchasing a home now and explains why “Smart Buyers” are purchasing homes now rather than waiting. Now is the time you can find the house of your choice at a great value.
Buyer Myths From “The Today Show”
Condominium/Townhome high low average
2004
2005
2006
2007
2008
$616
$764
$973
$1,216
$1,008
$413
$403
$396
$642
$710
$671
$274 $440
$311 $531
Recently The Today Show interviewed Barbara Corcoran, owner of Corcoran Group Real Estate in New York & Florida. Several of these myths apply to our market: MYTH: Sellers today are desperate.
June 4-7 – Teva Mountain Games The country’s largest celebration of mountain sport, soul and culture kicks off once again when the Teva Mountain Games return to Vail Village. tevamountaingames.com
Sold date
Single-Family/Duplex
April 12 – Beaver Creek Mountain Closing Day
April 19 – Vail Mountain Closing Day
sold price sq.ft.
ARROWHEAD PRICE PER SQUARE FOOT COMPARISON
®
April 13-19 – Spring Back To Vail Vail’s huge end of the season bash includes free concerts with national headlining bands, unique competitions and the World Pond Skimming Championships. Top off the festivities with incredible lift ticket deals and great lodging packages and you’ll see why everyone knows Vail is the place to be this spring. springbacktovail.com
Sold price
6
35 Cresta Road
April 5 – Beaver Creek Snowshoe Shuffle From beginners to pros, this Beaver Creek event truly offers something for participants of all ages and abilities. Featuring the East West 5K Quest, a competitive 10K run, Kids K, and the Dash for Cash. bcsnowshoe.com
Original list price
199 Windermere Circle
54 Cresta Road
April 2-5 – Vail Film Festival The Vail Film Festival is a 4-day event featuring films from all over the world, panel discussions with top film industry professionals, live music by established singer/songwriters, screenplay readings of winning screenplays, parties and discounts on lift tickets to get in some unforgettable skiing. vailfilmfestival.org
Bath Furnish Sq.ft.
Most are not. Always ask why the sellers are selling. MYTH: The longer the house is on the market, the more you can negotiate.
This may not translate into price negotiating but means that the seller may be stubbornly holding on to their price.
Please call us at (970)926-3000 if you would like a list of all active properties in Arrowhead or would like to discuss any of the information we have provided.
MYTH: You shouldn’t buy before prices have bottomed.
You can’t sharp shoot the real estate market. Once you have identified the “bottom” prices have already moved up.
Source of data is from the Vail Board of Realtors, Mulitple Listing Service.
VailRealEstate.com
Don Zerangue
Tiffany Lydon
Ed Levy
Mary Ann Koson
Bob Jamar
160 Cresta Road, Suite 108 Edwards, CO 81632 P.O. Box 3418 Vail, CO 81658 Phone: (800)535-8882 • (970)926-3000 Matt Iverson
In the charming and private enclave of Cresta in Arrowhead, this lovely duplex enjoys creek and ski slope views, a ski-in/ski-out location and sits within walking distance to Arrowhead Village and all of its amenities. A mixture of European alpine and Colorado western architectural styles combine to create a unique ambience. This home features top-of-theline appliances in the kitchen, Travertine stone floor and countertops in the master bath, hardwood floors in the main living area and a gas fireplace in the living room.
Kathy Iverson
PRICE: $1,995,000 BED/BATH: 4/4.5 SQUARE FEET: 2759 +/- WEB ID: B21059
David Adkins
390 Cresta Road
Your Arrowhead Community Experts
Slifer Smith & Frampton arrowhead Office
Ground floor residence in the heart of Arrowhead Village, just steps to the chairlift. Yearround swimming pool and hot tub. Private ski locker room in building, extra storage in garage. This residence opens out to an eastern facing expanded stone patio. Perfect for outdoor entertaining. Ceiling fans in great room and master bedroom. Offered furnished.
News from the most trusted name in Vail Valley real estate since 1962
2115 Cresta Road
Ar r owhe ad
PRICE: $795,000 BED/BATH: 2/2 SQUARE FEET: 1,135 +/- WEB ID: B24395
C om munity In sider
S life r Sm it h & F rampton Re al Estate
Pinecone Lodge 104
PRICE: $10,500,000 BED/BATH: 6/7 SQUARE FEET: 9,998 +/- WEB ID: B27244
VailRealEstate.com
Arrowhead Market Statistics
Real Estate News
Neighborhood Buzz
Featured Properties
Exclusively listed by Slifer Smith & Frampton Real Estate
In this issue >>
Spring 2009
Featured Properties