Vail Valley Luxury Homes Market Report, March 4, 2014

Bald Mountain Road, Booth Falls, Vail, CO 81657

The Vail Valley luxury homes market has been gaining strength for months, and now it seems the national market is heating up as well.  RISMedia reports Luxury Sales Warm up A Frigid Winter.

“Market data from the Institute for Luxury Home Marketing confirms that compared to a year ago, the luxury market is thriving.  National median prices for homes priced over half a million have risen to $1,322,653 – up more than 7 percent from February 2013.”

In the article, DataQuick president John Walsh reminds us that the luxury market – which Walsh defines as homes priced over $2 million – has a different set of influences compared to the rest of the housing market:  “Things like job growth, mortgage interest rates and migration patterns do not play the same role as IPS, stock market performance or how well one type of investment does compared to another, and where one wants to park one’s excess money,” Walsh said.

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A HOME FOR MOUNTAIN MEMORIES

Vail Valley Luxury Homes Market Report

The Rocky Mountain Home Team is proud to introduce 2645 Bald Mountain Road in Vail! Enjoy outstanding Vail Mountain views from a spacious home, custom built for an unforgettable experience of life and leisure in the mountains of Vail. Featuring five bedrooms plus an additional bunk room, 2645 Bald Mountain Road is the perfect place to build lasting Colorado mountain memories with your family and friends. Contact the Rocky Mountain Home Team at 970-306-7711 for more information or to set up a personal tour of this unique property.

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OUT ON THE TOWN

On Saturday, March 15, Habitat for Humanity of Eagle and Lake Counties will host its 2014 Carpenter’s Ball at Larkspur in Vail.  The evening will feature a silent auction as well as a food and wine tasting event featuring international cuisine prepared by Larkspur Executive Chef Anthony Larosa.  Visit Habitat for Humanity of Eagle and Lake Countiesfor more information on this annual charitable event.

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The Luxury Homes Market Report is produced by the Rocky Mountain Home Team.  The Rocky Mountain Home Team one of the top producing teams in Vail Valley Real Estate.  If you or someone you know is thinking of buying or selling a home in the Vail Valley, contact us today!

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