Team Black Bear’s
Real Estate Update September 2015 Joan Harned, Barbara Hogoboom, Laura Sellards & Angela Maxey www.TeamBlackBear.com │info@TeamBlackBear.com │ (970) 337-7777
State of the Real Estate Market Last Quarter 2015 What an interesting economy we have going in for City Market and some speculation home the world right now! The internet gives us and town home construction. Frost Creek instant information that changes minute to (formerly Adam's Mountain) up Brush Creek, minute and tends to cause all of us to feel like south of Eagle was floundering for 8 years and we are on the brink of change at all times... now has been purchased and has been turned which of course is true. However, even though around quickly into a successful golf club with Eagle County is affected by the world economy, new home construction on the real estate markets are actually determined horizon. Gypsum also has some new town locally. The front range of Colorado has had a homes going up in two locations and recently huge commercial and housing building boom the 319 acre Saddle Ridge parcel across from going on for the last 3 years. We, on the Costco went under contract. The Saddle Ridge western slope of parcel has set dormant for ...our economy has the strength of 7+ years also, although Colorado, have not experienced that the original plans for a golf unparalleled beauty and building boom. course on this parcel There is good news recreational opportunities that appear to be abandoned, though, our prices it is slated for new never go away. have been rising development in 2016. slowly and will probably continue to do so, especially if we do We are fortunate because our economy has not build much more new inventory. And we the strength of unparalleled beauty and are seeing other types of new development recreational opportunities that never go away. throughout the Valley. We are, and will always be, a place that people love to visit and then stay. Even if our "white Although, we may not have had a recent gold" (snow) does not fall at a rate we like in housing boom in Eagle County, there is project the winter, besides snow making, we now have growth that we have not seen in many numerous other outdoor recreation adventures years. Starting at the eastern end of the Valley, available that are becoming more popular each The Town of Vail Golf Course is finally year. Summertime activities are now a huge expanding and redoing their whole club draw also for visitors and real estate buyers in house. The cranes in the Town of Vail highlight our resorts and neighboring communities. Our the work going on for numerous condos and small town feel with unparalleled friendliness lodges. And the Vail Valley Medical Center is and sense of community is always present and doing a major expansion and remodel that will seems to be missing in a lot of the world take two years. In Avon, a new medical center today. Will there be some bumps along our is under construction and there has been a economic road? Yes, but we have such a general revitalization going on in the core of strong desirable base town. Eagle has broken ground on the Castle we will continue to Peak Senior Center, has an expected expansion grow and prosper.
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 gas/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 9.95 Acres, views, privacy, underground utilities, paved roads. BLM on 2 sides. Horses allowed with permit. $419,000
SILT Hunters paradise, grand corporate getaway or serene retreat on 216 acres. Backs to Nat’l Forest, 5bd lodge home, stunning views. $2,850,000
SWEETWATER 56.6 Acre ranch 1sr time on the market! 4 ponds, 3 stunning 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
EAGLE Two bedroom, 2 bath upper unit with deck overlooking open space. Large storage room outside front door. Walk to movies, restaurants, etc. $239,000
SKY LEGEND .317 Acre homesite at end of cul-de-sac, overlooks 16th Fairway @ Gypsum Creek Golf Course. $95,000
GLENWOOD CANYON Perfect for the river enthusiast and fisherman. 2.84 Acres on the Colorado River. $139,000
EAGLE RANCH 5 Bed, 5 Bath 4,800+ square feet on golf course. Great outdoor living with fireplace and hot tub. $995,000
SWEETWATER No covenants, great views, backs up to BLM public land, best price for 35 acres in Sweetwater $185,000
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 RANCH 2 bd, 2 ba ground floor unit with patio onto open space. Great free market opportunity in Eagle Ranch. $239,000
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
GYPSUM Mobile home can be replaced with new double wide or live as is. 2 storage sheds in back and graveled parking. Well kept and lawn is beautiful. $150,000
EBY CREEK MESA .24 Acre treed lot with spectacular views of Eagle and Sawatch Mtn. Range. $149,000
SKY LEGEND .36 & .31 Acres overlooking & adj. to Gypsum Creek Golf Course. End of cul-de-sac. $90,000 & $95,000
SKY LEGEND .361 Acre home-site at end of quiet cul-de-sac, adjacent to Gypsum Creek Golf Course. Spectacular Views! . $90,000
EAGLE Ground level at desirable West Village Condos at Eagle Ranch. Light and bright! 2 bedrms and 1¾ baths. $249,000
www.TeamBlackBear.com │info@TeamBlackBear.com │ (970) 337-7777
GYPSUM 2.27 Acre light Industrial lot, fully leased with good income on monthly basis. Storage yard graded, graveled, fenced and 2 entrance gates. $495,000
EAGLE 2 bed, 2 bath garden level condo with walk-out patio and remodeled kitchen. Great opportunity for full time residents or investors. $179,000
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. 1.4 Acres next to the Eagle River, water rights, water taps. $650,000
VAIL First time ever on the market. Only private land adjacent to Piney Lake. Forest Land on 3 sides . $1,500,000
LITTLETON 4 bedrooms with updated kitchen. Includes separate living, dining, and family rooms. Unfinished basement $385,000
McCOY 80+ Acres, water rights, pond, shop + apt & 2nd shop. Set up for hunting. 2 pastures, barn, BLM on 2 sides $995,000
GLENWOOD CANYON Perfect for the river enthusiast and fisherman. 3.105 Acres on the Colorado River. $150,000
C E A S E C R E E K R A N C H - Sweetwater
$1,730,000
This understated but stunning 56+ acre hide-away is offered on the market for the first time ever. The owner has lovingly been improving the natural beauty for over 20 years. The beautiful green pastures and towering pine and aspen trees are set off by the four cascading ponds he has created. Two of the large ponds boil with 14 to 24 inch trout when just a small handful of fish pellets is sprinkled in the water. The owner has done an exceptional job of building charming accommodations that are both delightfully situated and accessorized. The owners' one bedroom cabin on the ponds provides for dining and fishing right off of the front deck. The master bedroom also has a lovely rock fireplace and views across the pond to the surrounding mountains. The "gathering cabin" has 2 bedrooms and 1 bath and a larger living room with a rustic, but highly functional kitchen at the end. The enclosed porch provides a large dining and sitting area that is all windows looking at the most expansive view on the property. The third cabin, "Tom's Cabin" is just 1 room with the most rustic charm...but it does have a spacious bathroom added on the back. A maintenance building at the back of the property includes a cooler for hanging game, should you decide to go out the back of the property onto the thousands of acres of National Forest. All of the private property is fenced and some is irrigated with the owners’ water rights.
Eagle County | Vail Valley | Col-
PO Box 1651, Eagle, CO 81631
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YTD Sales through 8/31/2015 Area
Total* East Vail Vail Village Eagle-Vail Beaver Creek Avon Bachelor Gulch Arrowhead Singletree Edwards Homestead Lake Creek Valley Cordillera Bellyache Wolcott Eagle Eagle Ranch Gypsum Cotton Ranch
# Sold % of Sold
780 39 40 45 54 56 21 42 33 29 24 2 23 2 65 48 65 10
100% 5.0% 5.1% 5.8% 6.9% 7.2% 2.7% 5.4% 4.2% 3.7% 3.1% 0.3% 2.9% 0.3% 8.3% 6.2% 8.3% 1.3%
Total $ Volume
$ 873,334,626 $ 28,108,300 $ 167,511,208 $ 22,609,050 $ 116,528,900 $ 23,892,078 $ 46,011,400 $ 71,681,575 $ 28,208,250 $ 13,086,150 $ 12,591,266 $ 8,600,000 $ 39,337,900 $ 2,845,000 $ 31,192,900 $ 26,956,440 $ 24,127,800 $ 4,832,585
% of $ Volume
Average Sold Price
100% 3.22% 19.18% 2.59% 13.34% 2.74% 5.27% 8.21% 3.23% 1.50% 1.44% 0.98% 4.50% 0.33% 3.57% 3.09% 2.76% 0.55%
$ 1,119,660 $ 720,726 $ 4,187,780 $ 502,423 $ 215,793 $ 426,644 $ 2,191,019 $ 1,706,704 $ 854,795 $ 451,247 $ 524,636 $ 4,300,000 $ 1,710,343 $ 1,422,500 $ 479,891 $ 561,593 $ 371,197 $ 483,259
Average Price / SF
$ 469.46 $ 474.50 $ 1,628.97 $ 297.20 $ 686.15 $ 365.30 $ 869.51 $ 538.77 $ 322.60 $ 290.20 $ 267.43 $ 481.36 $ 320.34 $ 239.90 $ 215.26 $ 194.97 $ 189.43 $ 175.68
AVG DOM
% of List Price
148 95 355 75 323 97 172 162 90 77 87 231 334 387 73 109 46 106
93.70% 88.79% 92.22% 96.32% 90.72% 95.84% 94.63% 95.01% 96.50% 95.57% 97.30% 98.85% 92.86% 91.77% 96.25% 95.21% 99.66% 97.65%
* 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.