Team Black Bear’s
Real Estate Update Exceeding Your Highest Expectations in Service, Performance & Results!
June 2015
What is happening in the Real Estate market? Luckily this is one of our favorite subjects, locally live at a substantially lower altitude and have and nationally. Interestingly, the answer is more summer every year and less snow to changing every day and is made up of lots of real shovel but still have easy access to the slopes. estate tidbits, that our professional team takes 7. Ski-in and Ski-out is becoming more expensive and assimilates into our interpretation of how the as the opportunities to build additional homes market is doing locally, and what is the best in these locations are nearly exhausted. direction for our friends and clients. 8. The rental market is strong and the rents have risen. This makes buying more attractive to This Spring/Early Summer, we feel the market is the renters and to investors. warming up and is actually hot in a few areas. It is 9. The strong Denver Market helps front range still not a Seller's Market (less than 6 months buyers have more money to spend when they inventory) but the Buyers reinvest in Eagle County. ...to help you gain knowledge are becoming a little more 10. The greatly increased aggressive as the about the real estate market in push by our resorts and inventory is low in certain surrounding towns to our Valley. price ranges and locations. provide summer activities We could see the start of a Seller's Market by the and festivities makes our economy less end of the year, if the economy continues to grow seasonal. and interest rates remain at all-time lows. 11. The Millennial Generation is finally moving into purchasing homes and they are currently Here are a dozen tidbits to help you gain 23% of the our adult population. Although knowledge about the real estate market in our they may have the assistance of their family Valley: on their first purchase, they have finally 1. A single family home with a garage, 3 decided that renting will not work for them in bedrooms, and under $400,000 should sell in the long run. 60 days or less* 12. Builders are calling and looking for lots 2. A single family home with a 2-3 car garage, 4 again. With nearly no new construction for 5 bedrooms, and is $400k-$600k should sell in years, there is quite a bit of demand to build 120 days or less* and have new product. 3. A premier home in a premier location should sell at any remotely reasonable price. You take all of this above information, stir it up 4. Staging cannot only decrease the days on and you have a very exciting future for real estate market that a home is for sale, it can increase in this Valley! Call Team Black Bear for your own your sales price by 6% to 10% free confidential consultation on your next best 5. Vacation home sales are at an all time high move in today's market for buying, selling and since 2003 nationwide (according to NAR) investing. Call 970-337-7777 today and ask for 6. Affordable luxury homes, $700,000 to Joan, Barbara, or Laura. We look forward to $1,500,000 in Eagle and Gypsum, are visiting with you! becoming more desirable as Buyers choose to *Depending on the condition, location and motivation of existing homes.
SWEETWATER 70+ Acres, incredible furnished log home, guest cabin & snowmobile barn. Borders Nat’l Forest. $2,225,000
DOTSERO 4.291 acres w/new approved conv store zoning. Boat launch across the street. Last stop in/out of Canyon. $1,500,000
SILT 1,256 Acres with 2 homes, fenced w/12 pastures. 3 National Forest In-Holdings. Water & Mineral rights . $5,100,000
GYPSUM 5.15 Acres in gated community, adj to BLM. Home + caretaker’s unit + shop possible, horses okay with permit. $295,000
SILT Hunter’s paradise, grand corporate getaway or serene retreat on 216 acres. Backs to Nat’l Forest, 5bd lodge home, stunning views. $2,850,000
EAGLE RANCH Ground floor 2 bed, 1¾ bath with tons of natural light. Covered patio, lots of storage. Walk to shopping , dining and entertainment. $249,000
COTTON RANCH New home with main floor mater, contemporary designer finishes throughout. Oversized 3 car garage, a/c, great corner lot. $519,000
BRIGHTWATER Gated community, large half acre lot with panoramic views. One of the few spots in the Vail Valley without transportation noise impact. $39,000
COTTON RANCH Duplex at the end of quiet cul-de-sac! On 16th hole of Gypsum Creek Golf Course. $489,000
YAMPA 310+/- Acres less than 1 hour to skiing. Barn and well. Borders Nat’l Forest on 2 sides, views of the Flat Tops. $1,750,000
CO RIVER RD 2 bed, 2 bath cabin on 6+ acres with views of the Colorado River. Bunk house, smoke house, barn. $299,000
EAGLE RANCH 2 bd, 2 ba ground floor unit with patio onto open space. Great free market opportunity in Eagle Ranch. $239,000
EAGLE RANCH 4bd / 4ba Prairiestyle home on Golf Course w/ great views of Castle Peak. Open & flowing floorplan w/ abundance of windows! $847,500
EAGLE Wood floors, gas fireplace, deck and patio on walkout lower level, 3 bed, 3 baths and 2 reserved parking spaces. Great opportunity to own under. $282,000
EAGLE RANCH 3Bd/2.5Ba Open floor plan, 11’ ceilings in main living area. Lots of windows. A kitchen to love! 2300sf unfinished basement. $559,000
EAGLE End unit with lots of sunlight! Recently remodeled/ updated with new paint and carpet as well as newer appliances and granite counters! $283,000
5 MILLION HOMES IN THE PALM OF YOUR HAND Instantly access millions of homes, including those near you with the swipe of your finger! 3 Easy Ways to Get the App... 1. SCAN the QR code below, 2. TEXT KW2N42H0Z to 87778, 3. GO TO app.TeamBlackBear.com
EBY CREEK MESA .24 Acre treed lot with spectacular views of Eagle and Sawatch Mtn. Range. $149,000
SKY LEGENDS .36 & .31 Acres overlooking & adj. to Gypsum Creek Golf Course. End of cul-desac. $90,000 & $95,000
SKY LEGENDS .359 Acre lot with great views of Gypsum Valley and mountains. Build your home your way. $70,000
EAGLE RANCH Main floor master & study . Full unfinished basement with,1700+ sf. Garage with driveway parking. $639,500
GYPSUM 2.27 Acre light Industrial lot, fully leased on month to month basis. Storage yard graded, graveled, fenced and 2 entrance gates. $495,000
EAGLE Great end unit, on the river with garage. Includes gas fireplace, 3 bd and 3 ba, and walk out lower level $305,000
GYPSUM 319+ Acres across from Jet Center zoned P.U.D. Cooley Mesa frontage, borders BLM, water rights. Great Opportunity! $4,900,000
EAGLE Classic home 100+ years old. Mobile home on property w/ numerous out buildings. On the Eagle river + water rights and town water taps. $650,000
EAGLE RANCH 2Bd/2ba End unit condo w/lots of natural light, covered deck, custom paint and large storage closet. $265,000
DOTSERO 1.782 Acre lot overlooking the confluence of the Colorado and Eagle Rivers. Backs to BLM $74,900
GLENWOOD CANYON Perfect for the river enthusiast and fisherman. 2.84 Acres on the Colorado River. $139,000
TBB Represented Buyer LAKE CREEK Nestled beside West Lake Creek, This estate rests on nearly 10 acres and very close to National Forest. $2,500,000
1770 Eagle Ranch Rd
Redman Ranch Redman Ranch
5 Bedrooms │ 5.5 Baths │ 4,828 sf │ $930,000
3 Bedrooms │ 3 Baths │ 3,369 sf │ $995,000
Look out onto the 3rd fairway of the Eagle Ranch Golf Course from this impeccable back yard living space with fireplace and sunken hot tub. Perfect for the multigenerational family this custom single family home has 5 bedrooms and 5.5 baths with a secondary master bedroom on the main floor. No detail has been overlooked! The gourmet kitchen features upscale appliances with gas stove, double ovens and granite countertops. Featuring an open floor plan and great outdoor living space, this home is ideal for entertaining! The finished basement and 3 car garage round out the extras in this incredible golf course home!
This 80+ acre sportsman’s paradise is located just 22 miles from I-70 in Routt County. The main residence is a 3,369 square foot home with a remodeled chef’s dream kitchen, slate floors, and air conditioning.. The majestic views punctuate BLM public lands on 2 sides of the property. The ranch includes water rights, pond, 4 stall horse barn and 2 fenced pastures. A shop with 14’ doors, walk-in cooler and 1 bdrm apt. are near a 2nd shop/garage that is 80’x32’. Only 24 miles to I-70 with easy year-round access for house and outdoor enthusiasts.
Eagle County | Vail Valley | Colorado
Joan Harned, Barbara Hogoboom, Laura Sellards, Angela Maxey & Tom Harned www.TeamBlackBear.com info@TeamBlackBear.com P.O. Box 1651 Eagle, CO 81631
(970) 337-7777
Area - YTD thru 5/31/15
Total $ Volume
% of $ Volume
Average Sold Price
$ 460,505,471
100%
$1,244,609
# Sold % of Sold
Total*
370
100%
East Vail
20
5.4%
$ 17,251,800
3.75% $ 862,590
Vail Village
28
7.6%
$ 90,325,208
19.61% $ 3,225,900
Eagle-Vail
18
4.9%
$
9,451,950
Beaver Creek
39
10.5% $ 82,109,800
Bachelor Gulch
16
4.3%
Arrowhead
22
Singletree
Average Price / AVG SF DOM
-
% of List Price
177
92.81%
474.95
131
85.20%
$ 1,580.56
268
92.14%
2.05% $ 525,108
$
296.47
122
92.57%
17.83% $ 2,105,379
$
707.98
261
89.85%
$ 30,114,000
6.54% $ 1,882,125
$
848.22
159
94.14%
5.9%
$ 32,368,575
7.03% $ 1,546,727
$
536.97
195
95.12%
12
3.2%
$ 11,486,775
2.49% $ 957,231
$
318.51
93
95.88%
Edwards
11
3.0%
$
4,919,500
1.07% $ 441,227
$
273.96
132
93.62%
Homestead
11
3.0%
$
6,657,366
1.45% $ 605,215
$
250.56
142
96.41%
Lake Creek Valley
1
0.3%
$
2,400,000
0.52% $ 2,400,000
$
284.53
462
96.00%
Cordillera
2
0.5%
$
2,357,500
0.51% $ 1,178,750
$
324.78
264
94.34%
Cordillera Valley Club
3
0.8%
$
6,212,500
1.35% $ 2,070,833
$
396.18
293
96.56%
Bellyache Wolcott
1
0.3%
$
1,965,000
0.43% $ 1,965,000
$
214.10
315
90.34%
Eagle
23
6.2%
$
9,843,200
2.14% $ 427,965
$
215.84
103
95.15%
Eagle Ranch
16
4.3%
$
9,154,940
1.99% $ 572,184
$
174.56
174
93.33%
Gypsum
27
7.3%
$
9,998,900
2.17% $ 370,330
$
176.50
54
99.10%
Cotton Ranch
6
1.6%
$
2,750,085
0.60% $ 458,348
$
169.02
148
96.08%
$
* Total is for all residential sales in the MLS. Some areas have been omitted but their numbers are reflected in the totals. Information contained in this newsletter is not guaranteed to be accurate. Stats subject to change without notice. All statistical data is supplied by the Vail Board of Realtors and is deemed reliable but not guaranteed.