The opportunity to own a piece of real estate in Vail has been unprecedented in the last 8 years since the financial and mortgage meltdown.
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.
Currently, the number of available 3-and 4-bedroom condos is low, and single-family home options are scarce as well. Several high-pricedhomes sold in 2016, including the highest priced home sale in Vail’s history at $23 million.Such significant sales are pushing prices higher with some sales seeing $3,000 per square foot, particularly in Vail Village.To read the full story, click HERE.
THE STOCKTON GROUP
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The Stockton Group is proud to have closed nearly $250M in sales since 2015 and looks forward to helping you with all of your real estate needs throughout the Vail Valley.