The Rocky Mountain Home Team introduces a new Market Report Center, the buzz about tiny houses, and a big nod to the beautiful Betty Ford Alpine Gardens. All this and more in the July 11, 2014 edition of Vail Valley Real Estate News. (This is an archived edition of our weekly news brief. For the latest update, visit our Vail Valley Real Estate News page!)
The Rocky Mountain Home Team’s weekly report on Real Estate in the Vail Valley and beyond:
July 11, 2014
The first 10 days of July 2014 have seen 19 residential real estate sales, including three sales of over $1 Million, according to the Vail MLS. This is down by about a third from the same period in June (27 sales with four over $1 Million), but in line with the same periods in 2013, which saw 22 sales in June and 18 sales in July. So far, at least, properties are selling at roughly the same rate as last year but for more money. (Regular readers know what this means – get a comparative market analysis for your Vail Valley property. It might be worth more than you think!)
The Rocky Mountain Home Team rolled out phase one of our Market Report Center this week, together with the first issue of our monthly Vail Valley Report newsletter. The Market Report Center currently includes various facts and figures for three important eagle county real estate markets – Edwards/Wolcott-East, Eagle-West, and Slopeside Markets. We will expand it even further in the months ahead.
Finally, we’ll be taking a two-week break from our weekly news brief for the last two weeks of July. In the meantime, why not enjoy some of our nice feature stories? We have new features in the works for the next two weeks, and will see you again here on Friday, August 1!
The National Association of Realtors reports that international buyers are still investing in the profitable U.S. market. This lines up with what we have seen locally, where international buyers accounted for one out of every 25 sales in the first four months of 2014.
The new “trend” in tiny houses (500 square ft. or less) is more about “interest in” than actually “moving into.” It’s a cute idea, and may actually be a good fit for some, but in reality it is often more an appealing fantasy than anything practical. While social media buzz is up, it has yet to match the numbers of casual browsing hits you’re likely to see for well-presented luxury listing.
What to do in the Vail Valley
Sometimes locals simply don’t get around to enjoying what’s right in front of them. Did you know the online publication the Active Times named Vail’s Betty Ford Alpine Gardens to its list of “30 Must See Gardens in the United States”? If you have never been, the gardens are free and open to the public daily from dawn until dusk. They are certainly worth a look.
After your stroll in the gardens, you may be ready for some music. Bravo! Vail continues through the entire month of July, with classical performances from some of the world’s finest orchestras.