Team Black Bear’s
Real Estate Update Exceeding Your Highest Expectations in Service, Performance & Results! March 2016
SMALL CHANGE IS THE BEST!
2,537 HOMES FOR SALE
9.2 months OF INVENTORY
90% List Price vs. Sale Price
277 HOMES SOLD
Data is representative of 11/2015 thru 1/2016
As we can see from the news, the economy worldwide is constantly in a state of flux. Nationally there is concerning news, with the upcoming elections and the volatile market indicators reflecting the depressed price of oil. Locally, we have a preponderance of good news, specifically in the real estate market.
build a firmer foundation to build upon steady, supportable growth. That is “good news” indeed.
The VBR Stats also compare the average “per square foot” price of sold homes for the period, a decrease of 8.5%. Again, because the areas covered are so diverse, it could well be attributable to the higher volume of activity in The “good news” is that we have started the Lower Valley markets. The markets in building a more stable real estate economy since the “fall” of 2007-2008. Prior to that, with Eagle, Gypsum and west have been providing a majority of the transactions over this period. 20-25% appreciation possible in one year and The huge drop in values early on in the the free-flowing financing options, it was inevitable that the music would stop. To have a recession brought an “affordable” component to these areas and sales have been brisk over steadily improving market, supported by the past couple of years. Prices have been stricter financing guidelines, is “good news” rising in this area of the Valley to a point that indeed. Sellers who purchased at the top are now able According to recent statistics from the Vail to sell. Buyers, who now have a more rigorous Board of Realtors(VBR), comparing stats from qualification process, are willing and able to pay November 2015 through January 2016, the the prices. changes are more stable. Inventories are up In summary, the interest rates are still 5.7%, home sales are up 9.1% and pending incredibly low, our inventory of homes is a little (under contract) properties are down 5.8%. higher, but selling a little faster. We do not The VBR stats extrapolate that there are 9.2 know what the future holds in the world or the months of inventory as of January 2016. This rest of our country, but our real estate market indicates a “Buyer’s Market”, when there are locally looks good, at least for the foreseeable more than 6 months of inventory. However, as future. Please feel free to call one of the 7 with all statistics, it is risky to read too much Brokers of Team Black Bear with Keller Williams into this number. Our market statistics are Mountain Properties if you would like a free based on the entire MLS system – from East consultation on what your property would sell Vail to Dotsero, Red Cliff to the Routt County for or what future investment opportunities are line. There are huge differences in the various out there for you. We look forward to visiting towns/areas of our system. Overall, though, it’s with you! apparent that our market has continued to
SWEETWATER 70+ Acres, incredible furnished log home, guest cabin & snowmobile barn. Borders Nat’l Forest. $2,225,000
AVON Sunny ground floor 2 bed, 2 bath + 1 car garage, new flooring & upgraded fixtures. Located just steps from the bus route, $379,900
SILT 1,256 Acres with 2 homes, fenced w/12 pastures. 3 National Forest In-Holdings. Water & Mineral rights . $5,100,000
GYPSUM 9.95 Acres, views, privacy, underground utilities, paved roads. BLM on 2 sides. Horses allowed. Great Views!. $419,000
EAGLE RANCH Very affordable and easily buildable flat lot, with wonderful views of Castle Peak, near the Eagle Ranch Golf Clubhouse. $120,000
SWEETWATER 56.6 Acre ranch 1st time on the market! 4 ponds, 3 classic cabins, large maintenance building. Borders Natl Forest, water rights, fenced. $1,730,000
COTTON RANCH One of the best lots in Cotton Ranch, 0.97 Of an acre on Gypsum Creek Golf Course. Great views. Walk To clubhouse and pool. $110,000
SWEETWATER Beautiful property with lake, views and nearly 2400 sq ft deck. Well built log home w/ huge rooms & stone floors. Borders National Forest. $899,000
COTTON RANCH Custom with 4 car oversized garages. 5,409 sq ft on golf course. 6 bds, 4.5 bths, media, exercise & family rooms. Main floor master. $699,000
SKY LEGEND Great views! Cul-desac lot. Overlooking Gypsum Creek Golf Course, swimming & tennis. Country Club feel without the high fees. $70,000
SINGLETREE Large lot with views of Arrowhead. Huge garage (1140sf +/-) w/room for cars, toys or workshop. Open kitchen/great room. $720,000
SWEETWATER No covenants, great views, backs up to BLM public land, best price for 36 acres in Sweetwater $185,000
WILLOWSTONE On the river great fishing & outdoor living. Great floor plan with 4 bd, 3.5 ba, new carpet and paint in bedrooms. Finished Basement. $519,000
GYPSUM 319+ Acres across from Jet Center zoned P.U.D. Cooley Mesa frontage, borders BLM, water rights. Great Opportunity! $4,900,000
PALISADE 10 irrigated acres fenced on 3 sides. 3 bd, 2ba, great 3 car garage/shop and 3 sided metal pole barn. No covenants. $460,000
VAIL First time ever on the market. Only private land adjacent to Piney Lake. Forest Land on 3 sides . $1,500,000
EBY CREEK MESA .24 Acre treed lot with spectacular views of Eagle and Sawatch Mtn. Range. $149,000
EAGLE 100+ year old home + mobile home + 3 out buildings. 1.4 Acres near the Eagle River, water rights, water taps. $650,000
GLENWOOD CANYON Riverfront acreage perfect for the river enthusiast & fisherman. 3.105 Acres on the Colorado River. $150,000
McCOY 80+ Acres, water rights, pond, shop + apt & 2nd shop. Set up for hunting. 2 pastures, barn, BLM on 2 sides $995,000
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
GYPSUM Back 80 acres of 319 parcel offered for first time separately. BLM on 3 sides, great views. Next to Buckhorn, water rights. $1,250,000
GYPSUM 239 Acres of larger parcel bordering Buckhorn. BLM on the east side. Across from the Vail / Beaver Creek Jet Center. $3,650,000
Team Black Bear is very pleased to announce our newest team member, Lisa Burton! She is a fourth generation Eagle County resident and has owned and operated Mane Street Hair Design in Eagle for 30+ years. Taking care of clients from all over the valley, Lisa has developed a great work ethic throughout her professional career. Her interest in real estate goes along with her love for the valley and the people who reside here. Lisa has been married to her husband DeWain for 43 years, raised 3 great kids and has 4 wonderful grand children, who are the light of her life!
CHATFIELD CORNERS Immaculate home with great floor plan, gas fireplace, large 2 car garage & huge fenced backyard. Tool shed in backyard is included. $429,000
Lisa Burton
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Eagle County | Vail Valley | Col-
PO Box 1651, Eagle, CO 81631 Joan Harned, Barbara Hogoboom, Laura Sellards, Lisa Burton, Debra Geddes, Angela Maxey & Tom Harned www.TeamBlackBear.com info@TeamBlackBear.com P.O. Box 1651 Eagle, CO 81631
(970) 337-7777
YTD Sales through 2/29/2016 Area Total* East Vail Vail Village Eagle-Vail Beaver Creek Bachelor Gulch Avon Arrowhead Singletree Edwards Homestead Lake Creek Valley Cordillera Bellyache Wolcott Eagle Eagle Ranch Gypsum Cotton Ranch
# Sold 130 6 7 8 9 3 22 2 2 7 2 0 2 1 8 6 5 3
% of Sold 100% 11.8% 13.7% 15.7% 17.6% 5.9% 43.1% 3.9% 3.9% 13.7% 3.9% 0.0% 3.9% 2.0% 15.7% 11.8% 9.8% 5.9%
Total $ Volume $ 118,223,461 $ 2,954,300 $ 1,492,250 $ 4,218,000 $ 17,104,000 $ 10,575,000 $ 13,863,581 $ 2,025,000 $ 3,465,000 $ 3,209,000 $ 1,107,000 $ $ 2,730,000 $ 680,000 $ 2,838,000 $ 3,775,500 $ 1,510,000 $ 1,380,974
% of $ Volume 100% 2.50% 1.26% 3.57% 14.47% 8.94% 11.73% 1.71% 2.93% 2.71% 0.94% 0.00% 2.31% 0.58% 2.40% 3.19% 1.28% 1.17%
Average Sold Average AVG % of List Price Price / SF DOM Price $ 909,411 $ 475.82 165 94.73% $ 492,383 $ 454.89 58 94.34 $ 2,131,786 $ 1,586.87 629 90.36 $ 527,250 $ 309.98 68 96.45 $ 1,900,444 $ 784.41 159 96.42 $ 3,525,000 $ 739.53 362 91.8 $ 630,162 $ 471.26 102 98.74 $ 1,012,500 $ 469.56 107 93.89 $ 1,732,500 $ 368.61 242 94.48 $ 458,429 $ 307.16 135 93.34 $ 553,500 $ 215.43 106 96.58 $ $ - 0 0 $ 1,365,000 $ 324.81 68 92.8 $ 680,000 $ 168.99 80 97.28 $ 354,750 $ 201.85 57 96.53 $ 629,250 $ 211.75 149 94.95 $ 302,000 $ 173.05 79 96.29 $ 460,325 $ 226.73 138 102.14
* 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.