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.