Vail has seen an 8-year run in real estate with the launch of new condo- minium projects such as The Four Seasons, The Ritz Carlton Residences, Vail, Solaris and The Arrabelle. These luxurious properties have changed the face of Vail Village and Lionshead, and the opportunity to own one of these great properties presented a unique opportunity that many buyers took advantage of. During this timeframe, some of these buyers have seen their property values appreciate as high as 40%, which is remarkable.
As we shifted from a strong buyer’s market over the last 8 years, to a more balanced market in the last 18 months, 2017 and beyond may prove to be a strong seller’s market with current inventory levels so low.