VAIL VALLEY NEWS AND

VIEWS FOR JUNE

Presented By:

Diana Meehan

CRS, RSPS, GRI, TRC, E-Pro

Global Luxury Specialist

Coldwell Banker Mountain Properties

How is the market?

"The market is still going up in price, but not in volume”. So says Mark Chapin, Eagle county assessor, in a meeting today with Vail realtors. Prices are staying high and rising due to a lack of inventory. Mr. Chapin stated that the Vail valley real estate values have increased 3% per month since 2020! A shocking statistic but being played out every day. This week more listings than usual appeared in the MLS, but we also saw continually strong pending sales and steady recent closings. All the signs of a strong real estate market.

Transactions have decreased dramatically from the high numbers of 2020, down 40% from those frenetic highs.

Demand is there, but inventory is scarce. So, when a great property comes on the market and is priced fairly, we are actually seeing multiple offers! This week, a nicely remodeled duplex in Singletree priced at $1.7 million received 5 offers!

Perhaps we are seeing “shadow demand” for potential buyers, with buyers waiting for any new inventory or for prices to drop, and if they do, buyers are ready to pounce. At some point we may see a plateau in this market, but no sign of that yet.

Click above to View LUXURY statistics for Vail.

Click above to view RESIDENTIAL statistics for Eagle County

LOCAL NEIGHBORHOOD STATISTICS

COMMUNITY SPOTLIGHT

CORDILLERA VALLEY CLUB

Unquestionably the highest rising pricing in all of Cordillera subdivisions, Cordillera Valley Club offers amazing views, quick access to the shops and entertainment of Edwards, and a fabulous 18 hole golf course with pool and clubhouse. The architecture boasts the most modern feel in the area.

1310 BEARD CREEK TRAIL

5 Bed / 6 Bath / 5,620 Square Feet | $8,750,000

Taken down to the stud and reimagined. One of a kind mountain modern. 

1310 Beard Creek Trail is a highly desirable property in Cordillera Valley Club. It offers stunning views of New York Mountain and Lake Creek Valley. The home has been completely renovated and furnished, featuring an open kitchen, living room, and a spacious deck. It has five bedrooms, including a primary suite on the main level, and a lower level with four bedrooms, an entertainment area, a kids room/media room, a gym, and outdoor access. The property is equipped with a home automation system. The garage can accommodate three cars and a golf cart. Cordillera offers memberships with access to three golf courses and two clubhouses. The Valley Club, nearby, has a restaurant, fitness center, and an infinity pool. Residents also enjoy private fishing and hiking trails. Ski enthusiasts can join the Cordillera Gondola Club for ski-in/ski-out access in Vail Village.

118 JUNIPER RIDGE ROAD

5 Bed / 7 Bath / 5,198 Square Feet | $7,000,000

Wonderful views, beautiful finishes, great floorplan. Great Price!!

Experience ultimate luxury mountain living in this newly constructed 5-bedroom, 7-bathroom contemporary home. Located in Cordillera Valley Club, it offers unmatched south-facing views of New York Mountain. The main level features a luxurious primary suite, an open floor plan, and expansive living areas with ample natural light and mountain views. The chef's dream kitchen boasts top-of-the-line appliances and custom cabinetry. The large deck, equipped with glass railings and built-in seating, provides a perfect spot to relax and enjoy the scenery. The lower level offers four spacious bedrooms with en-suite bathrooms, an entertainment area, and outdoor living space with a hot tub. With amenities like a snow melt driveway and security system, this home offers both comfort and convenience. Don't miss out on this perfect mountain retreat!

Be Bear Aware!

Bears are incredible animals, and can do a serious amount of damage to homes and other property Wildlife managers estimate that Colorado has between 17,000 and 20,000 bears, and the population is stable and growing. This means that, more and more, preventative steps need to be taken to keep ourselves and the bears safe, especially in a wilderness interface community such as the Vail Valley.

Here are some great ideas:

• Secure Garbage: Use bear-resistant trash cans or dumpsters, keep them in a secure area, and put out trash only on the morning of pickup.
• Bird Feeders: Take down bird feeders during bear-active seasons or use bear-resistant designs. Clean up spilled seeds regularly.
• Barbecue Grills: Thoroughly clean grills after each use and store them in a secure location.
• Fruit Trees: Promptly pick up fallen fruit from fruit trees to avoid attracting bears.
• Compost: Avoid putting food scraps in outdoor compost piles. Use an enclosed and secure composting system.
• Secure Doors and Windows: Close and lock all doors and windows, especially at night.
• Bear-Proofing: Consider installing electric fencing around your property.
• Education and Awareness: Spread bear safety guidelines and raise awareness in your community.