BANDONI's Real Estate Review | Near Year-End 2019
Happy Holiday Season to You

I hope you managed your Thanksgiving Day consumption, imbibing, and discussions keenly and carefully. I did not. That aside, end-of-year seems to be the time to take stock of what we have, what we want to have, and what we want to do. And dream a little about political peace.

MARKET CONDITIONS

The Vail Valley real estate market remains balanced and healthy. If you already own real estate here, your investment continues to slowly appreciate (yep, there are exceptions and every property is unique but, generally, it is an accurate statement). If you are planning on acquiring real estate, you will need to be patient and diligent at values under $1.5M because inventory for great properties remains thin . There are more options above that number , but value can be more arguable so thorough investigation is vital. 

The data is easy to interpret so I am going to keep this eNewsletter short and sweet and go straight to the numbers. (Is it becoming obvious to you that I have been less verbose in this space over the past year..??..I do get some very nice comments about my narratives but I also get fair amount of ribbing for my poetic pontifications. There I go again. OK so, fewer words, more data. Not easy!)


LET'S DO THE NUMBERS

You might recall that the first quarter of 2019 showed a disconcerting drop in transaction volume but it evened out by July. Thankfully, that is how we will be ending the year… slightly more deals than last year and, for the most part, slightly higher average sold values . Amen.
TWO NEW DEVELOPMENTS IN AVON

The Riverfront Lodge at The Westin in Avon will be going on the market for sale in January. It is a condominium building just now under construction adjacent to the Westin’s Riverfront Villas and gondola. Complete details and pricing will not be revealed until next week when the developer holds an introduction event for brokers. Yep. I’ll be there for that. Meanwhile, the official rumors sound like this: 2 bedroom condos will start in the low $1M’s for the ‘town view’ side of the building and high $1M’s for the ‘river view’ side of the building. The condos will not be available to purchase until early January via a reservation process. That process will also be revealed on December 10. 
Here is a look at the logistics of the building:   The Riverfront Lodge

Let me know if you wish to stay in the loop and I will keep you apprised before & after the December 10 reveal. Given its location, amenities and views, I believe it will be a good investment contingent upon those soon-to-be revealed prices. 

Lakin Bel Lago is on the other side of Nottingham Lake. At this ‘new development’, a luxury apartment building which was built in 2007 has just been condominium-ized. Eight condos have just been listed for sale as of yesterday, December 1. 
The 2 bedroom units range in price from $929,000 to $1,629,000. 
Check out pricing and pictures:  Bel Lago Condominiums     


GETTING IN THE MOOD

Ski magazine resort rankings don’t matter…and they do. The Beav’ came in at No.8 in Ski Magazine’s Top 20 of the West. See that here: Ski Magazine Top20

From what I was told, Beaver Creek’s opening day was a blue-sky-soft-snow winner. Here’s a glimpse of that to put you in the mood: Vail Daily On-Snow Video Report

This weekend:  Birds Of Prey

 
FAN FAVORITES

my selections of the better properties currently listed for sale in the valley
...therein, I especially like this renovation at St James Place... ST James Place No 407

 


Let me know if you have any questions about the information herein or out here in the Vail Valley. Just type or give me a call at any time.

Be Well,
Scott BANDON I   
Impeccable Representation for 25 Years

LIV Sotheby's International Realty  
26 Avondale Lane | Beaver Creek Village
www.aVailValleyBroker.com     my listings + my sales + more   
www.LivSothebysRealty.com    vail + boulder + denver
www.VailBoulderOctopus.com when I ain't working

cell 970.390.9400   bandoni@vail.net