Vail Condo Source Newsletter

www.vailcondosource.comJune  2011

Vail and Eagle County Real Estate 

2011 - 4 Month Review

Real Estate Transactions highest in 2 years


Real estate transactions are on the upswing with year-to-date transactions in Eagle County at 407, the highest since 2008.
The Town of Eagle had the most transactions in April with 22, and has a total of 67 transactions year-to-date.
For the month of April, 27 transactions were bank owned. This brings the total number of bank sales in Eagle County to 81 through the first four months of 2011 which accounts for 20% of all transactions year-to-date.
New projects as well as the high end market have continued to sell. There were 6 transactions in April over $4 million, the highest a Bachelor Gulch home selling for $10.95 million. Ascent at the base of Beaver Creek is the project with the most sales thus far this year with 30 averaging $583,400 per transaction.


If you're looking for additional statistics in Eagle County, please feel free to contact me.

April Year-To-Date Comparisons

Year-to-Date Total Dollar Volume as of April

2008 - $697,424,200 (75% of previous year)
            Annual - $ 2,234,919,100 (75% of previous year)

2009 - $214,567,700 (31% of previous year)
            Annual - $ 898,444,183 (40% of previous year)

2010 - $449,380,284 (209% of previous year)
            Annual - $ 1,497,172,233 (167% of previous year)

2011 - $401,441,958 (89% of previous year)


Year-to-Date Number of Transactions through April 
2008 -  497 (60% of previous year)

2009 -  199 (40% of previous year)

2010 -  392 (197% of previous year)

2011 -  407 (104% of previous year)

Community Updates 

Five brochures offering indepth information on Vail communities

Be sure to check out these five reports filled with stunning photos and property information on some of the most beautiful and desirable communities in the Vail area.  Visit Prudential Colorado Properties for more information.

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Vail Luxury Condo Review. 



Arrabelle 608
Arrabelle 608

If you are looking for one of the most spectacular condos to own in Vail, Colorado, you need to ask about The ArraBelle .  ArraBelle 608 has just been reduced to to $6,450,000 furnished.  With 3 oversized bedrooms, this top floor penthouse totalling 2,538 square feet, has a wrap around view from Gold Peak, across Vail Mountain and all the way to Beaver Creek along with a magnificent 20 foot cathedral ceiling. 
The Arrabelle is a luxury Vail hotel ideally located in the heart of the much-acclaimed Vail Square. Nestled against the base of North America's #1 ski resort, just footsteps from the Eagle Bahn gondola, The Arrabelle at Vail Square was inspired by the classic grand alpine hotels of Europe.

Here at The Arrabelle, exceptional Vail accommodations, supreme mountain resort amenities, and timeless elegance and charm come together like never
before.  Here are just a few of our extraordinary hotel amenities:

62 luxury hotel rooms and suites, each averaging 550-square-feet.

- Centre V, an alpine bistro with indoor and outdoor dining

- Tavern on the Square, a European-style pub

- RockResorts Spa� and fitness center and the exclusive ArraBelle Club

- Grand lobby with bar and


- Apr�s ski deck and an outdoor ice skating rink.

- Rooftop lap pool and hot tubs

- Slopeside ski and boot-valet and storage

- In-room fireplaces, plush robes, and so much more.


If you are looking for the best in "blue chip" quality in the ArraBelle as a special family legacy, these condos for sale in Vail, Colorado, adjacent to the Lionshead Gondola, are great prospects for medium and long term appreciation.  As my aquaintance, Warren Buffet, would say, "IF YOU WAIT TO HEAR THE ROBIN SING, YOU WILL MISS THE SPRING."  This means the time to buy is now! 

Gross rental income from 8/2009 to 8/2010 was $149,971. 


Foreclosure Market
In 2010, there were 938 total foreclosure actions taken in Eagle County. Of these actions, 648 were Notice of Election and Demand (NED) filings. Of the 648 total NED's filed, 248 of those actually went to foreclosure and are now owned by the bank. There were 103 bank owned properties sold in 2010.
The area that had the most NED filings was Gypsum with 248 (29% of the overall market) followed by Eagle (20% of the overall market). There were 88 Intervals (time shares) that accounted for 10% of all foreclosure actions.


The foreclosures on luxury properties were very limited.  Vail had 9, Lionshead 1, Beaver Creek 13, Bachelor Gulch 2, totaling 25.  This was only 2.7% of the total foreclosures.


Most of these properties never reached a foreclosure sale.
Total Number of Transactions -  April 2011

Under $500,000





$500,001 to $1,000,000





$1,000,001 to $1,500,000





$1,500,001 to $2,000,000





$2,000,000 to $2,500,000


$2,500,000 to $5 000,000


Over $5 Million











Market Analysis By Area - 2011
(commercial, residential and vacant land)

Total Dollar       Volume

% of Volume

Numberof Transactions

% of Transactions


 Average Transaction Price


Median Transaction Price

Vail Village

$ 69,900,900   17.41%







Lionshead$ 37,051,800      9.23%






This research was provided compliments of Trevor Theelke, Land Title Co., Vail, Colorado.
About Us

David L. Cole is your Vail luxury condominium expert. He holds several nationally recognized credentials including Certified Luxury Home Marketing Specialist (CLHMS), Accredited Buyer Representative (ABR), Certified Residential Specialist (CRS), Certified Real Estate Brokerage Manager (CRB), and Certified Commercial
Investment Member (CCIM). Who better to help you buy or sell a home or
condominium in Vail?

A trusted specialist in Vail and Lionshead luxury condos since 1972.
Prudential Colorado Properties - Vail Village
228 Bridge Street, Suite 100
Vail, Colorado 81657