Vail Valley Luxury Market Report, Oct. 1

Vail Valley Luxury Slopeside Real Estate

An early look at the numbers for September 2014 reveals a strong market for Vail Valley Luxury Real Estate.  The Vail Multiple Listings Service reported 31 Eagle County homes selling for over $1 Million, for an average of $836 per square foot, up $165 over September 2013 prices.  Average Days on Market for high-end homes in the Vail Valley fell by 122 days to 287 over the same period.

Slopeside Properties, including Vail Village, Lionshead, Beaver Creek, Bachelor’s Gulch and Arrowhead homes, tallied 23 sales, including 13 over $1 Million.  Price per square foot on Slopeside Properties shot up to $1,050 from $919 in 2013, while average days on market dropped a total of 86 days to 331.

For more information on the Vail Valley Real Estate Market, visit our Market Report Center.

Even if you have no plans to sell your property, a Comparative Market Analysis of your Vail Valley Home is a great way to learn what your property might be worth in today’s market. As the numbers trend upward, it just might be more than you think!

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On the national scene, Trulia’s Bubble Watch reports that home prices are undervalued by three percent, with just 7 of the 100 largest metros overvalued by more than 10 percent.  As the article notes, the formulas used to reach this value are “as much an art as a science, because there’s no definitive measure of fundamental value.” Price-to-income ratio, price-to-rent ratio and long-term price trends are all taken into consideration.

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From Forbes comes an article on Crowdfunding Real Estate Investments that is worth a read for the novelty of the idea, even if the execution is still lagging a bit.  “For the most part, the opportunities I saw were for small deals of a non-institutional quality, requesting a minimum investment of $20,000 to $50,000. These weren’t the deals that your pension funds or REITs would compete for.”

Speaking of Real Estate Investment Trusts, expected rises in interest rates is “Pummeling” REITs, according to the Wall Street Journal.

Are you thinking of buying or selling Luxury Real Estate in the Vail Valley? Michael Routh’s Rocky Mountain Home Team has the experience and expertise to guide you every step of the way. 

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