Vail Valley Real Estate News for Friday, Nov. 21, 2014

This week the Rocky Mountain Home Team completed the sale of Arrabelle 587, which was under contract after just 36 days on market with Michael Routh and the Team. Congratulations to the new homeowners!

This week the Rocky Mountain Home Team completed the sale of Arrabelle 587, which was under contract after just 36 days on market with Michael Routh and the Team. Congratulations to the new homeowners!

The Vail Valley Real Estate Market picks up with the weather, energy efficiency tips for the Thanksgiving holiday …and would somebody please extend the Mortgage Debt Relief Act already? This is an archived edition of our weekly news brief.  Visit our Vail Valley Real Estate News page for the latest from the Rocky Mountain Home Team!

Friday, Nov 21, 2014

Historically, November is a slower month for Vail Valley Real Estate if only because October tends to bring in record numbers of deals.  Last week, though, we wondered how much of the slowdown we saw in the first half of November 2014 was due to bad weather.  As it turns out, perhaps quite a bit!  The total number of residential sales recorded by the Vail MLS for the month to date doubled in a single week from 28 through Nov. 13 to 56 through Nov. 20.

Improved conditions were felt in the Vail Valley luxury homes market as well. Five eagle county properties sold for over $2 million last week, bringing the total to eight so far this month. The top sale for the month so far was a Village Inn Plaza condo for $3,800,000 sold on Nov. 14.

These numbers put November 2014 much closer to the same period to date in 2013.  In November 2013, a total of 63 homes sold through the Nov. 20th – just seven more than 2014’s total to date.  Average sale price dipped $98,399 for the same period.

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

National News

“The Consumer Bureau is committed to ensuring that home owners and struggling borrowers are treated fairly by mortgage servicers and that no one is wrongly foreclosed upon.  Today’s proposal would give greater protection to mortgage borrowers.”

As the winter chill takes hold in the Vail Valley, an energy efficient home can help make sure that frost isn’t nipping at your wallet as well as your nose. HouseLogic offers some suggestions for an energy-efficient Thanksgiving, courtesy of Realtor.org.

Rember that the Debt Relief Act just about everyone was hoping might happen?  Well, that still hasn’t happened yet.   Earlier in the year, many pundits assumed the Act was in no real Jeopardy and would be retroactively applied following the November elections.  The elections have come and gone. Here’s hoping the two parties can come together for just a moment and do something that really makes sense and improves people’s lives.

What to do in the Vail Valley?

In case you haven’t heard, Vail Mountain opened today! It will be joined by Beaver Creek next week. Go have some fun – maybe you will even see us on the slopes.

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