Vail Valley Luxury Home Market Heats Up

While the market for lower-priced homes has generally been considered to be in recovery for months, the Vail Valley luxury home market has remained comparatively sluggish – until now.  The Vail Daily reports that the luxury real estate market in Vail is “Heating Up.”  This does indeed seem to be the case, as in addition to the homes mentioned in Scott Miller’s article, we have already seen 2 more listed at over $12.5 go under-contract!

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In fact, the Rocky Mountain Home Team has felt the impact of these numbers on our own business. We are listing an increasing number of multi-million dollar homes as interested sellers notice the increase in activity. Buyer inquiries are on the rise as well, as prices are predicted to rise and rates on jumbo loans remain competitive – currently comparable to the rate on a conventional loan.

Among the best advertisements for Vail Valley Real Estate – and Luxury Vail Valley Real Estate in particular – is excellent ski conditions. Mother Nature is certainly doing her part of the marketing right now. The beginning of 2014 has provided a delightful mix of snow and sunny days.

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JUST THE STATS: The Vail Board of Realtors will be releasing their official numbers for December any day now. Check back here for analysis and a complimentary download of the monthly Vail Real Estate Report once those numbers are released.

OUT ON THE TOWN:  Friday marks the official first lighting of Paul Werten’s “Arches” on the Gore Creek Promenade.  Visitors will be allowed to wander through “large-scale, undulating walls of ice that fade into arches.”  Arches is described as an all-ages experience inspired by the environmental installations of Christo. Wertin’s large-scale, light-up ice sculpture marks his highly anticipated return to the Triumph Winterfest, following the success of his 2013 project, the 19-scuplture ALPENGLOW installation. For more information, check the event on Vail’s online calendar.

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