Off-Season Specials | Vail Edition

Off season is the perfect time to enjoy some of Vail’s best restaurants for half the price! Here are a few of our favorite hot deals:

VAIL VILLAGE:

Bully Ranch at the Sonnenalp Hotel 

bully The Bully is offering 20% off the entire bill all day, every day, with the exception of happy hour and other daily specials. Other deals include their famous Mudslide Monday with $4.50 Mudslides all day long!

The Left Bank

leftbank The Left Bank Restaurant has a great special going where appetizers range from $7 – $12 and main courses $18 – $25. If you like French cuisine, this one is not to be missed!

La Tour Restaurant

la tour La Tour Restaurant’s lucky number this off season is 22, with $22 two-course lunch or $22 dinner entrees.

Sweet Basil

Image.Trout_ Sweet Basil is a Vail Village staple and one of the best places to dine at during the off season. They are offering $10 appetizers and $15 entrees at lunch, as well as $25 dinner entrees. You could enjoy this herb marinated Rocky Mountain Trout for a fraction of the price!

 

For more great deals and information about restaurant closures visit http://www.vaildaily.com

Vail Mountain Extends Season

With nearly two feet of snow in the last week, 25 feet so far this season and powder in the forecast, Vail Mountain will extend its scheduled closing date for the 2015/2016 winter season one week to April 17. The annual Spring Back to Vail event will occur as scheduled April 8-10, including a free concert at Solaris showcasing Chris Robinson Brotherhood on Friday night and the World Pond Skimming Championships on Sunday at the base of Golden Peak.Extended-Season-Image

“Our snow conditions have just continued to get better and better throughout the month and we’ve had some of the best skiing and snowboarding of the year in the past couple of weeks,” said Chris Jarnot, executive vice president and chief operating officer for Vail Mountain, “It’s too good right now not to stay open and give our passholders the gift of another week to get out and enjoy what has been an amazing season at Vail.”

There’s still time to get one more trip in this spring. The extended season offers local and destination travelers the opportunity to book travel for one final winter ski getaway. Book online at http://www.vail.com/lodging. All 2015-2016 Vail Resorts season passes will continue to be valid during the extended week.

 

SOURCE: Vail Resorts

Real Estate in The Vail Valley Ends Best Year Since 2007

Vail Valley Market Share Sales Volume 2015 Graph

EAGLE COUNTY — The Vail Valley’s real estate market is in a good place right now — 2015 was the best year for the business since the pre-bust year of 2007.

Land Title Guarantee Company recently released its full-year data for 2015, and the numbers show a market that may be fully recovered from the economic slump that hit the valley full-force in 2009.

According to the numbers — completed transactions filed with the Eagle County Clerk & Recorder’s Office — 2015 was the best year since 2007 for both the number of transactions — 2,061 — and the value, or dollar volume, of those transactions. That dollar volume was a whisker below $2 billion.

On the other hand, the 2015 dollar volume was still $1 billion less than the volume recorded in 2007.

Jim Flaum, the managing partner of Slifer Smith & Frampton Real Estate, said the difference in volume could be due to the kinds of units being sold during the peak of the previous decade’s real estate boom.

“So much of what was sold was high-end, ski-in, ski-out property,” Flaum said. “That could account for that $1 billion difference by itself.”

While the dollar volume is still below previous records, Flaum said the current market is actually doing fine.

“I said a long time ago that a $2 billion market is a nice, steady, sustainable market,” he said.

ENCOURAGING CONSTRUCTION

The current market also seems to be encouraging more construction than the past few years. There were 121 new homes built and sold in 2015, and 166 pieces of vacant land were sold last year.

A lot of that activity is in the western valley.

Rick Messmer, a broker with Berkshire Hathaway HomeServices’ Eagle office, is also a member of the Eagle Ranch Design Review Board. Messmer said that group’s Thursday meeting included presentations for new homes. That’s a lot, especially compared to the past few years.

“We’re seeing a variety (of homes built),” Messmer said, adding that people are building both for themselves and spec homes — units built without a pre-arranged buyer.

Flaum said the increased construction activity is due in large part to pricing. As prices of existing homes have risen, new construction becomes an attractive alternative.

“And a lot of people enjoy the process,” Flaum said. “You’re able to have everything just the way you want it.”

A number of the new homes in the valley are homes being set up at Two Rivers Village in Dotsero.

Mallie Kingston, a broker in Berkshire Hathaway’s Gypsum office, said there’s enough of a price different between those homes and the few homes available for sale in Gypsum that Dotsero is becoming an increasingly attractive option. And, she said, people buying at Two Rivers are getting brand-new homes.

DOTSERO INVENTORY

There’s also the fact that there are lots and homes available in Dotsero.

Kingston said she had a “very good” year in 2015, but a continued frustration is the lack of homes for sale. People in the market for their first home, or those who want to move up from their first homes, are out and looking, Kingston said, but there’s not much available.

And, while prices did rise in 2015, both Kingston and Messmer said prices seem to have stabilized.

“(It) was a great year for buyers and sellers,” Messmer said. “It was a year where both sides at the closing table were happy. Sellers were getting the prices they wanted or needed, and buyers felt like they were still getting a good deal.”

On the other hand, units that aren’t priced right, or that don’t have the right amenities, spend more time on the market.

“People are being more careful,” Kingston said. “They’re not buying just anything, and they’re really focusing on what they want. Properties that haven’t gone under contract don’t have what people want.”

With one good year in the record books, Flaum said he’s looking forward to another strong year in 2016.

“It’s been good year so far,” Flaum said. That’s even with a jumpy start to the year in the nation’s financial markets.

“Overall, it’s a good, steady market right now,” he added. “I have no complaints.”

SOURCE: Vail Daily

Powder Alert!

vail

February started off with a BANG! We had 12″ of fresh powder in the past 24 hours, bringing snow totals to 29″ in the past week!

Even though many parts of our country seem to be skipping winter this year, it is in full effect in the Vail Valley.

Need help with lodging or ticket deals? Give us a call and we can help dial you in for an amazing visit!

 

-Carling & Paul

TEAM GOTTHELF

BY THE NUMBERS

Love stats? Us too…

Here are some fun highlights from 2015


 

$50M = Dollar volume TEAM GOTTHELF closed last year

$15.7M = Highest priced sale of 2015

$9.7M = average sales price of a single-family/duplex in Vail Village & Lionshead in 2015

$1.4B = closed dollar volume for residential and land real estate in Eagle County last year

$1M = average residential sales price in Eagle County in 2015

2015 Year in Review

VailResorts_VCD11623_Ric_Spitzer_HighRes (1)
New Years Eve fireworks over vail village, Vail Colorado.

The Vail Valley real estate market in 2015 got off to a slower start, potentially a result of the Alpine World Ski Championships in our own back yard. We saw more activity in the lower end markets which explains why transactions were up from 1,264 in 2014 to 1,416 in 2015, yet closed dollar volume and average sales price stayed virtually the same at $1.4billion and $1million, respectively. Momentum picked up significantly into the second half of the year where we were up 17% from 2014. With the fantastic start to the ski season and the holiday crowds in the Valley, we are anticipating that momentum to continue into the new year!

Vail Valley Market Share Sales Volume 2015 Graph

Data gathered is from Residential & Land sales from 01.01.2015 through 12.31.15. Source of all data is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed.