Team Black Bear’s
Real Estate Update Exceeding Your Highest Expectations in Service, Performance & Results! September 2014 Joan Harned
Barbara Hogoboom
Laura Sellards
IS NOW THE TIME TO SELL OR BUY? This market is great for selling or buying real estate. Let us explain why this wonderful phenomenon is occurring. You might say it is the perfect storm. First of all, if you are a Seller, the statistics are showing the prices in this Valley are up from last year, the number of sales have increased and the number of homes for sale is down (see graph below). In addition, the interest rates are low, so more Buyers can buy homes and more Buyers can buy more expensive homes.
not to mention a dramatic increase over the life of the loan. For example:
5.5% 4.5%
Vail Board of Realtors Monthly Snapshot for end of June 2014: An Increase of 1% in interest rates could raise the cost of the loan by $100,000+/over the life of the loan.
Angela Maxey
If you’re a Buyer, the interest rates are low, even lower than last year, which lowers your payment and increases your buying power. In reality, the inventory of homes for sale is substantial in certain price ranges.
Tom Harned
Distressed sales are down, but there are a lot of motivated sellers in this market that are pricing at, or slightly below market value. The threat by the Federal Reserve Board is that interest rates will go up the beginning of 2015, if not sooner. If the rates go up, even one percentage point, your monthly payments can go up substantially,
That same increase of 1% in interest rates could raise the monthly payments by $300+/- per month. So, for Buyers and Sellers, as well as new or seasoned investors, we give the same advice: Call the professionals at Team Black Bear, Joan, Barb , Laura or Angela. Let us give you the up to date, in depth statistics, along with the latest insight into the various markets in the Valley, so that you can make the most informed real estate decisions possible in today's market. Our Team studies the market daily and we delight in sharing our knowledge to help our clients find the best opportunities and marketing solutions available Call us today with any of your market questions at 970.337.7777
COTTON RANCH Impeccable cra smanship in this builder's personal residence. Main floor master. $625,000
SWEETWATER 35 acres border‐ ing N.F. on en re Southern bor‐ der. Water fall, water rights, pond and hun ng. $485,000
MCCOY 80+ Acres, water rights, COTTON RANCH Duplex w/single ponds, shop + apt & 2nd shop. ‐family feel on The Gypsum Creek Golf Course. 3 car garage. Set up for hun ng. 2 pastures, Custom finishes. $450,000 barn, BLM on 2 sides $995,000
SILT Hunter’s paradise, grand corporate getaway or serene re‐ treat on 216 acres. Backs to NF, 5bd lodge home, stunning views. $2,850,000
SILT 850 acres, 2 streams, COTTON RANCH New home with water/mineral rights, 500 acres main floor mater, contemporary irrigated, 2 homes, many out designer finishes throughout. bldgs. Subdivision poten al. Ovrszd 3 car garage, a/c, great $3,500,000 corner lot. $549,000
VAIL Open floor‐plan duplex on quiet cul‐de‐sac in Lions Ridge . Property is in excellent condi on and is located close to bus stop. $950,000
MCCOY 2.5 acres, BLM on 3 sides, horses OK. Sunny, views, trees, Yarmony Creek. Updated 2 bdrm mobile home. $225,000
EAGLE RANCH Spacious, immac‐ ulate, sunny end unit Redstone townhome. 4 beds, 3.5 baths, 2 car garage. $399,900
CO RIVER RD 2 bed, 2 bath cabin on 6+ acres with views of the Colorado River. Bunk house, smoke house, barn. $319,900
GLENWOOD CANYON 5+ Acres with 965+ feet of river frontage on Colorado River. Phone, elec‐ tric & well. $137,000
SILT 2 homes, fenced w/12 pas‐ tures. 3 Na onal Forest In‐ Holdings. 1256 acre ranch South of Silt. Water & Mineral rights plus 2 live streams. $5,100,000
COTTON RANCH .88 of an acre, On 2nd tee at Gypsum Creek Golf Course. Views Of golf, mountains and Gypsum Valley. $80,000
EAGLE End unit 3BD, 3BA town home, on Eagle River. 2 desig‐ nated parking spaces by front door. Excellent floor plan with 2 southerly decks. $269,000
DOTSERO 1.782 Acre lot over‐ looking the confluence of the Colorado River and Eagle River. Backs to open space & BLM $69,900
DOTSERO 1.8+ acres commercial near I‐70 truck parking , new boat/ra launch across the street. Last stop in/out of Glen‐ wood Canyon. $1,500,000
COTTON RANCH 0.60 an acre Gypsum Creek Golf Course home ‐site, Wonderful views. Walk to clubhouse, pool, golf and tennis courts. $67,500
EAGLE RANCH Main level mas‐ ter, 2 living areas, finished base‐ ment, new appliances. Associa‐ on takes care of front yard. $435,000
COTTON RANCH Custom with 4 car overszd garages. 5,409 sq on golf course. 6 bds, 4.5 bths, media, exercise & family rooms. Main floor master. $799,000
EBY CREEK MESA .24 Acre treed lot with spectacular views of Ea‐ gle and Sawatch Mtn. Range. Close to Town but complete mountain feel. $149,000
SKY LEGENDS .36 Acres adj. to Gypsum Creek Golf Course. End of cul‐de‐sac. Sits high above the valley. Adjacent lot also Availa‐ ble. $90,000
SKY LEGENDS .31 Acre private home‐site at end of quiet cul‐de‐ sac; overlooks 16th fairway at Gypsum Creek Golf Course. Adja‐ cent lot available. $95,000
BRUSH CREEK End unit town‐ home, nice and bright loca on overlooking the park area. Sin‐ gle car garage. Unfinished base‐ ment. $326,900
MCCOY Backs up to BLM, Ante‐ lope Crk runs thru prop. 3 bed,2 bath with views of the back of Castle Peak. $275,000
VAIL Racquet Club Condo with 1 bed, 1 bath. Overlooking Gore Creek. Across from tennis courts. Fresh paint! $245,000
BLUFFS Great 3 bed end‐unit townhouse in the desirable Bluffs neighborhood with 1 car garage. $305,000
EAGLE RANCH Fabulous con‐ temporary Village Home, 4 beds, 3 baths & lovely features too numerous to men on! $589,000
CHATFIELD CORNERS Only lot available. .3 Acre with fabulous views to the South and easy ac‐ cess to schools, golf and recrea‐ on center. $64,900
GYPSUM 5.15 Acres in gated community, u li es, adj to BLM. Driveway, horse pen & shelter. 4H animals, horses allowed with special use permit. $250,000
EAGLE RANCH Beau ful custom on Eagle Ranch Golf Course. Open floor plan, 3 car garage, 2nd master on main floor and finished basement. $1,100,000
GYPSUM 2.27 Acre light Indus‐ trial lot, Fully leased on month to month basis. Storage yard graded, graveled, fenced and 2 entrance gates. $495,000
Featured Listing...
5 Bedrooms │ 5 Baths │ 4,828 Square Feet │
1770 Eagle Ranch Rd.
$1,100,000
Look out onto the 3rd fairway of Eagle Ranch Golf Course while enjoying the outdoor living space at this impressive home. Toast marshmallows on the pa o or enjoy a relaxing soak in the sunken hot tub. This open floor plan home features 5 bedrooms and 5 baths and spans over 4,828 sq of air condi oned living space. A second master suite is located on the main floor for extended family living. The gourmet kitchen has granite counter tops, double oven and gas stove. Contact Laura Sellards at 970.331.1766 for your private viewing of this incredible home in Eagle Ranch!
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
Market Analysis by Area ‐ Residen al Only Year‐To‐Date through July 31, 2014 *
* Total is for all sales in the MLS. Some areas have been omi ed but their numbers are reflected in the totals. Informa on contained in this newsle er is not guaranteed to be accurate. Prices subject to change without no ce. All sta s cal data is supplied by the Vail Board of Realtors and is deemed reliable but not guaranteed.