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Vail Real Estate Booms in 2017

Thursday, February 2nd, 2017 at 12:23pm Shell Admin Vail • Beaver Creek

vail lifestyle drives real estate market

The beginning of 2017 has been a very exciting time for real estate in the Vail Valley.

In the past three months, several record setting real estate sales have taken place near the slopes of Vail Resort and across Eagle County, Colorado’s famous ski country. Engel & Völkers Vail is happy to highlight the recent remarkable trends in Vail Luxury Real Estate. It’s a great time to be at the center of Vail’s booming real estate market.

Vail is well known for its luxury mountain homes. But even for Vail’s exclusive market, recent sales have been staggering. Both sales activity and home prices have increased. This is especially true for coveted ski-in, ski out homes near Vail’s ski resorts. Just three weeks ago, a ski-in, ski-out home on Rockledge Road sold for $23 Million, setting a record for its neighborhood.

Luxury slope side homes, however, haven’t been the only properties that have sold for impressive prices. In January, a beautiful home on Forest Road near Lionshead sold for $17.5 million. And along the Vail golf course, on Cabin Circle, a home sold for $14.69 million last fall. This sale was a part of a four-month period that recorded 38 homes sold for over $3 million dollars and $227 million in total sales. This marked an increase of $56 million in total sales compared with last year.

Vail Real Estate Records Create New Opportunities

As Vail home sales have set records, analyst and real estate brokers have pointed out several reasons for an uptrend in luxury real estate sales in Eagle County. Recent buyers are showing a strong affinity for turnkey homes that don’t require renovations. Buyers are also seeking security, and special locations like Vail, Aspen, and Telluride, are seen as safe real estate investments, where quality is guaranteed.

Real Estate in the Vail Valley is naturally limited. True ski-in, ski-out homes are few and far between. As more buyers discover the extraordinary beauty and quality of life in Vail, however, there’s a growing opportunity for rediscovery, especially in areas where homes require renovations, like Cascade Village and Beaver Creek.

Connect with Vail’s Real Estate Experts

Engel & Völkers Vail specializes in discovering and maximizing real estate value. “In the Vail Valley, extraordinary homes are as much a part of the culture as skiing and mountains,” said Josh Lautenberg, Engel & Völkers Vail’s Managing Broker. “Recent record setting sales reveal both the incredible value of Vail’s real estate and growing opportunities for 2017. We love the Vail Valley and look forward to helping both buyers and sellers find the perfect deal in the coming year.”

Thank you for checking in on Vail’s Real Estate trends. Engel & Völkers Vail represents the best luxury real estate in the Vail Valley. Find your Dream Vail Home today!

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