Team Black Bear’s
Real Estate Update Exceeding Your Highest Expectations in Service, Performance & Results! March 2014
2014 State of the Real Estate Market [Vacant Land]
[New Construction]
[Commercial]
[Existing Homes]
T
he State of the Real Estate market in our Valley for 2014 looks like we are going in an exciting direction, on multiple fronts and for multiple reasons. Before discussing the supporting evidence for this statement, let’s look at the recent past.
in Eagle County ginning of 2014, we personally are seeing an exciting new attitude and activity with our past and new clients. Here is what we are seeing:
We are getting interest in, and sales for residential lots. Vacant land in the past The real estate statistics for 2013 were good, few years has not been selling at most even though the number of sales and dollar any price. Some of the purchases we are volume overall, were just a bit down from seeing are for personal residences, but 2012. At first blush, you might ask, why this mostly they are builders that want to start is good since the sales and doing what they do best, dollar volume were less than Most important reason build homes! They are tired the previous year? It is good … the feeling of excite- of waiting and are willing to news because our inventory start building new spec of homes and land for sale in ment and confidence that homes on a limited basis. 2013 was the lowest inventoconstruction we are experiencing. New ry we have had for sale in the homes are selling. There are last 5 years. Therefore, with not very many new homes, but the ones fewer homes to sell, we still had nearly the that are on the market have immediate same number of sales, and more importantly, interest and are selling at a good rate. nearly the same dollar volume as 2012, when There is renewed interest in commercial more homes were on the market. This shows units. Existing and new locations for that prices are climbing and they will continbusinesses, shops and warehouses for ue to increase as the supply of homes stays contractors, and new and growing busilow in most areas. This is good for Sellers, nesses. to get better sales prices, and good for Buyers to know that their investments have a The price range of great chance of increasing in value in the home Buyers is innear future. This pricing increase is not a creasing. Needless to rocket ride like our wild and exciting years say, the low-end sells in early to mid-2000’s, when prices were risquickly to home buyers ing at 20% or more in a year’s time. That and investors, but the rapid price increase was a less than favorable mid-range and luxury homes are also circumstance since it led to a sharp drop selling to more confident buyers. around 2009, where prices dropped 10-50% Possibly the most important reason to in different parts of our Valley. Since feel good about 2014, more than any of then,we have been on a slow and steady the tangible facts, is the feeling of exciteclimb back to our normal, strong economent and confidence that we are experimy. This in itself is good news. encing. The Valley has had great early In the last few months of 2013 and the becont’d on page 4
SWEETWATER 35 acres bordering N.F. on entire Southern border. Water fall, water rights, pond and hunting. $485,000
MCCOY 80+ Acres, water rights, ponds, large shop + apt & 2nd shop. Set up for hunting. 2 pastures, barn. $1,200,000
COTTON RANCH Duplex w/single -family feel on The Gypsum Creek Golf Course. 3 car garage. Custom finishes. $450,000
SILT Hunter’s paradise, grand corporate getaway or serene retreat on 216 acres. Backs to NF, 5bd lodge home, stunning views. $3,250,000
SILT 850 acres, 2 streams, water/mineral rights, 500 acres irrigated, 2 homes, many out bldgs. 2 miles to Ntl Forest. $3,500,000
COTTON RANCH Main floor
SILT 2 homes, fenced w/12 pastures. 3 NF In-Holdings located approx 13 miles south of the 850 acre main ranch. Water & Mineral rights. $5,100,000
COTTON RANCH Custom with 4 car overszd garages. 5,409 sq ft on golf course. 6 bds, 4.5 bths, media, exercise & family rooms. Main floor master. $889,000
CO RIVER RD 2 bed, 2 bath home on 6+ acres with views of the Colorado River. Bunk house, smoke house, barn. $319,900
GLENWOOD CANYON 5+ Acres with 965+ feet of beach front acreage on the Colorado River. Phone, Electric & Well. Easy access to I-70. $137,000
EBY CREEK MESA 4bd, 2.5ba, walk-out finished bsmnt. Great yard, garage + extra parking pad. Next to BLM. $539,000
RIVERWALK Premier retail location on ground floor. Private half bath, w/d hook ups, air conditioning and additional back entrance. $390,000
GYPSUM Car Wash w/1 auto wash bay & 2 self-service bays, + 3 vacuums. Sale includes real estate and all equipment. $499,000
DOTSERO 1.782 Acre lot overlooking the confluence of the Colorado River and Eagle River. $87,000
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MCCOY 2.5 acres, BLM on 3 sides, horses OK. Sunny, views, trees, Yarmony Creek. Updated 2 bdrm mobile home. $225,000
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CHATFIELD CORNERS 3 bd, 2.5 mstr + 4th bdrm or large family bath, single level home. Builder owned with custom upgrades. room upstairs. Ovrszd 3 car Immaculate condition. $449,000 garage. $599,000
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on your Mobile Device or Computer DOTSERO 1.8+ acres commercial near mandatory I-70 truck parking , new boat/raft launch across the street. Last stop in/out of Glenwood Canyon. $1,500,000
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GYPSUM 3,200 sq ft light-industrial space. Stub-ins for half bath in place, tap fees paid for sink/toilet, 3-12x12 overhead doors, 1 facing East and 2 facing West. 26’ ft ceilings, 5,000sf fenced storage yard. $300/mo CAM fees. $475,000 West facing unit, B2. Seller will add overhead gas heater and demising wall. 5,000 sq foot fenced private yard adjacent to unit on West side. 2-12x12 overhead doors. $285,000
East facing unit, B1. Unit includes lights and heater. Seller will add demising wall. Five assigned parking spaces in front. 12x12 overhead door. $210,000
Complimentary Financial Session with a local expert provided by Team Black Bear There is no better time to start looking at your financial future than right now. No matter what stage of life you are in, there are always events and lifestyle changes to be planned for. Team Black Bear has arranged with Financial Advisor Kevin Brubeck, at Edward Jones, to offer a one hour free, no obligation, consultation for any and all of our valued clients. We will be contacting you, or you are free to email or call any one of our Team members, Joan, Barb, Laura or Angela, to arrange for your complimentary certificate via email or by stopping by our office at 200 Capitol St, Eagle. This hour of financial counseling, by a proven expert, may be the perfect answer to your successful financial portfolio for 2014!
For your area go to www.TeamBlackBear.com and select Market Reports
Eagle County | Vail Valley | Colorado
Joan Harned, Barbara Hogoboom, Laura Sellards, Angela Maxey
www.TeamBlackBear.com info@TeamBlackBear.com P.O. Box 1651 Eagle, CO 81631
(970) 337-7777
Information contained in this newsletter is not guaranteed to be accurate. Prices subject to change without notice.
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snow, a great holiday season and we are now experiencing record setting snow fall. These conditions, combined with the entrepreneurial spirit of locals and everyone who visits and wants to stay, is growing a ground swell of positive feelings that are manifesting into exciting economic growth for the whole Valley. Don’t miss out on the opportunities in your own community. Whether you are thinking about selling, buying, building, investments, or converting your IRA into a qualified real estate investment, the professionals at Team Black Bear with Keller Williams Mountain Properties are ready to answer your questions, willing to show you our local knowledge and to provide you with the luxury service you deserve! •
Why is a game of golf most often referred to as a “round of golf”? Go to www.SkiAndTeeHomes.com for answer!