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All Time Monthly and Yearly
Records Broken
Local real estate has broken its own records in a big way.
Sales in November were $361 million, almost $80 million higher than any previous
month. The county has now surpassed its previous record year with sales of $2.57
billion - and December totals are yet to be tallied.
More... www.vaildaily.com
Vail Resorts Relocating Corporate Offices to Denver
The naming Tuesday of company insider Rob Katz to replace outgoing Vail Resorts
chief executive Adam Aron wasn’t nearly as surprising as the announcement that
the corporate headquarters — along with about 100 employees — would be
relocated to Denver.
More...www.vaildaily.com
More Vail Resorts
Relocation Articles
Analysts:
Katz Brings Wallstreet Knowhow
New
CEO Speaks to Employees
Aron
Calls new CEO "Closest Confidante"
Vail
Resorts Corporate Highlights
Vail Residents Say Roost
Proposal too High
The proposal for a 126-room hotel and 39 condos at the site of the Roost Lodge
has some neighbors upset about how big it will be. Bill Weiss, who lives in the
Chateau Tremonte neighborhood above the Roost, thinks the proposal could set a
precedent for the construction of other buildings in Vail that are too large, he
said.
The project, which is being built into the hillside,
complies with Vail building rules that say it can only be 48 feet above the
ground, town officials say.
More...www.vaildaily.com
|
The Four Seasons Residences are now being offered for sale to a select few. The Four Seasons Resort broke ground in Vail in December and is located where the old Chateau Vail Holiday Inn and gas station used to stand to the Southwest side of the roundabout. Currently, there are a total of thirteen residences listed for sale including one to four bedroom properties. These deluxe Four Seasons Residences start at 3.2 million and go to 11.5 million. For more information, please see our post on the Vail Real Estate Blog |
Vail Says "Yes" to
Crossroads
Crossroads finally got a “yes” from Vail’s Town Council. After
failing to win approval from the council last year, developer Peter Knobel got a
thumbs-up the second time around for a controversial proposal that includes
condos, movie theaters, a bowling alley and a public plaza.
The council gave the Vail Village project preliminary approval with a 4-3 vote
Tuesday night. A second vote at a future meeting is needed to give the final
approval. www.vaildaily.com
Is Edwards Paying its Way?
“Does Eagle County collect in taxes from Edwards what it spends in the
area?” In 2004, the most recent year for which numbers are available,
Edwards put about $5.6 million into the county’s bank accounts. That includes
property and sales tax collections, and Eagle County Finance Director Mike
Roeper also figured in a portion of grant money and airport revenues based on
Edwards’ population of about 10,500 — 22 percent of the county total.
Using the same population formulas, Roeper determined that county spending in
Edwards in 2004 added up to $12.1 million. That year was a little high on the
spending side, with the county paying $2 million for projects at Miller Ranch.
Spending in a typical recent year is roughly $10 million.
Read More.. www.vaildaily.com
CMC Finalizes Sale of Vail Campus
Colorado Mountain College officials closed on the sale of
the college's Vail center Jan. 6, which was sold to 1310 Buffalo Properties LLC
for $2.86 million. The building, located in Vail's
Cascade Village, had been on the market for close to two years, which included a
stint on eBay. Vail
Daily
Debi Barnes' shopping bags traced the path of her afternoon - Billabong, the Burton Store and Mill Creek Studios. Then the Palm Harbor, Fla., resident and her family were in the American Ski Exchange, looking for jackets for her three teenage daughters.
It seems lots of other visitors also were finding what they wanted in Vail stores last year. The town of Vail collected more in sales tax in 2005 than it ever had before. More... www.vaildaily.com
Ban or No Ban, County Planners Still Busy
The sky hasn't fallen, but Karl Berger is still waiting to sell a piece of property in Dotsero.
About halfway through a county-imposed ban on approval of new subdivisions, the county's planning department is about as busy today as it was a year ago... www.vaildaily.com
| Home sales may be slowing in major markets around the country, but the latest federal survey of price appreciation suggests that the real estate boom was alive and well -- at least as of the final quarter of 2005. The Office of Federal Housing Enterprise Oversight (OFHEO), the only agency that tracks real estate valuation changes in over 300 markets using fresh appraisal data, found that the average American house gained nearly 13 percent in value between the end of 2004 and the end of 2005. www.realtytimes.com |
Intrawest May be on the Block
While Vail Resorts shuffled its top management and announced plans to relocate its corporate headquarters to Denver, rival ski area operator Intrawest Corporation announced plans to explore a possible sale of some or all of its assets.
www.vaildaily.com
Not Ideal, But Necessary
Council Says
Avon Town Council endorses riverside hotel
complex, but there's more work to be done
People riding up the gondola, enjoying a cup of coffee on the terrace of the new
hotel, playing in the new park - these elements of the so-called Riverfront
Village development aren't here yet, but they're one step closer to becoming a
reality.
After more than an hour behind closed doors ironing out the details, the Avon
Town Council gave preliminary approval to Riverside Village, a development of
shops, restaurants and hotel rooms almost a year-and-a-half in the making. It's
not a green light to start building the complex along the Eagle River, but it's
a step in the right direction for the developers.
More... www.vaildaily.com
Full Blown Hospital Planned in
Eagle
A partnership of two regional hospitals has had plans for several years to build
a medical office at Eagle Ranch in Eagle. A small hospital was seen as something
that might get built later.
“Later” is now. www.vaildaily.com
New Condos for Locals?
One hundred and seventeen River Run rental apartments on the Eagle River in
Eagle-Vail will be transformed into The Canyons, at River’s Edge — and will
be for sale. According to Slifer Smith and Frampton Real Estate,
riverfront property in the Vail Valley has become almost as precious as ski-in,
ski-out locations. And the coveted locale spurred the decision to recreate the
property free of deed restrictions.
More... www.vaildaily.com
STATISTICS AND REAL ESTATE TOOLS
Interested in Vail's real estate statistics over the last ten years? Find a real estate statistics report here,
courtesy of Land Title Guarantee Company. For Jan
2006 Vail Valley statistics, click here
Would you like to stay ahead of the market in Vail? Check out Gateway's new website at www.vailpropertysearch.com! Here you can
sign up to receive daily property alerts (be the first to know when properties within your specific search criteria hit the market!), find a link to search the entire Vail MLS property database,
save favorites and compare properties, schedule showings, find out what your house is worth, and
much more!
Please also visit our real estate web log (BLOG) at blog.vailpropertysearch.com. This is
a one stop shop for Vail Valley real estate information! You will find the most relevant links
to important real estate hot topics as well as
Gateway realtors' accounts and opinions on anything from telemark skiing to real estate trends to
their opinions on hot buys in the Valley. Check it out, it's
definitely a good read!
Elk Get Reprieve From Edwards
Ranches
The elk in the mid-valley caught a break Tuesday, but it may be temporary.
Worries about local elk herds migrating through Lake Creek led to a unanimous
vote by the Eagle County Commissioners to deny a development plan for the
Palmerosa Ranch up Lake Creek.
More... www.vaildaily.com
phone:970.926.6777 / tollfree:888.278.9601 / cell:970.376.0779
Gateway Land & Development / PO Box 1777, Edwards, CO 81632
Find ALL Vail Valley Properties on-line at: www.vailpropertysearch.com