Vail Valley Real Estate News for Friday, March 27, 2015

Listings

The Rocky Mountain Home Team launched two new Vail Valley Homes for sale this week! Introducing 617 Kensington Drive and 128 Brett Trail, both in Edwards, CO!

Movement at the top of the market, good reasons for renters to take a look at home ownership, and a long overdue return to Alice’s Restaurant. 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, March 27, 2015

The top of the market is on the move! The Vail Multiple Listing Service recorded 49 residential property sales in Eagle County through the first three weeks of March 2015, with an average sale price of $1,350,674 at $575 per square foot.  Led by a $10,250,000 sale in Beaver Creek’s Bachelor Gulch community, over 20 percent of total sales (10 of 49 total sales) were for over $2 million. The average number of days on market was 216.

Demand is rising for Vail Valley Real Estate.  If you are thinking of selling your Vail Valley Home,  Michael Routh’s Rocky Mountain Home Team can help.  Our proven marketing systems and 10+ years of Vail Valley Real Estate experience help our clients sell their homes in the least amount of time, for the most money. Contact Michael today to learn how our systems can be your solutions!

For more a more detailed look at Vail Valley Real Estate, visit our Market Report Center.

National News

“I see 2015 as a year of housing opportunity,” secretary of housing and urban development Julian Castro says in an interview with CNN Money’s Christine Romans. One reason for this is that while interest rates have remained low, rent is on the rise. That’s not all. Did you happen to notice the highest point on that graphic with rising rents?

Rents on the Rise

Often, renters do not even see home ownership as an option.  Many believe owning a home will be too expensive, that they’ll never qualify for a loan or that they may not live somewhere “long enough” to want to build equity in a home over paying a landlord.

In today’s market, it makes sense to weigh your options. The Rocky Mountain Home Team can help you decide if home ownership is right for you and, if it is, assist you in every step of the transition from renter to homeowner.

What to Do in the Vail Valley

The Alice’s Restaurant 50th Anniversary Tour comes to Beaver Creek’s Vilar Performing Arts Center on Saturday! More than “just” a concert by American music legend Arlo Guthrie, the show is a multi-media presentation featuring previously unseen images from the Guthrie Archives.

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