prudential colorado properties community update

6
EDWARDS OFFICE | AT THE INN AT RIVERWALK | 970-926-8440 | 800-637-4052 [email protected] | PRUDENTIALCOLORADOPROPERTIES.COM sign of the times e vacant project at the entrance to Beaver Creek in Avon, formally known as e Gates, was recently purchased out of foreclosure by a development team from Boulder. e group has given the new(er) building a new name (e Ascent) as well as an exterior and interior upgrade. Plans are to bring individual units to the market in November. Word on the street is that prices will start in the $300,000s for a two bedroom (they were offered for $900,000 in 2006) with all 49 units (2 - 4 bedrooms) under a million (in 2006 asking prices reached $2.4m for the 4 bedroom units). e new pricing is in line with our market. If you are interested in learning more, please contact one of our brokers today! EDWARDS HOMESTEAD SINGLETREE LAKE CREEK CORDILLERA BELLYACHE COMMUNITY UPDATE Your resource for resort news, recent home sales and listings 240 Casteel Ridge, $3,795,000

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Edwards, Singletree, Homestead, Cordillera, Lake Creek and Bellyache Fall Newsletter

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Page 1: Prudential Colorado Properties Community Update

edwards oFFice | at the inn at riVerwalk | 970-926-8440 | 800-637-4052

[email protected] | prUdentialcoloradoproperties.com

sign of the timesTh e vacant project at the entrance to Beaver Creek in Avon, formally known as Th e Gates, was recently purchased out of foreclosure by a development team from Boulder. Th e group has given the new(er) building a new name (Th e Ascent) as well as an exterior and interior upgrade.

Plans are to bring individual units to the market in November. Word on the street is that prices will start in the $300,000s for a two bedroom (they were off ered for $900,000 in 2006) with all 49 units (2 - 4 bedrooms) under a million (in 2006 asking prices reached $2.4m for the 4 bedroom units). Th e new pricing is in line with our market. If you are interested in learning more, please contact one of our brokers today!

e d wa r d s

h o m e s t e a d

s i n g l e t r e e

l a k e c r e e k

c o r d i l l e r a

B e l lya c h e

COMMUNITY UPDATE Your resource for resort news, recent home sales and listings

240 Casteel Ridge, $3,795,000

Page 2: Prudential Colorado Properties Community Update

beaver creek/vail wins 2015 world alpine ski championships!The road to the 2015 FIS World Alpine Ski Championships will run right

through the Vail Valley as the International Ski Federation (FIS) Council

voted to award the 2015 Championships to Beaver Creek/Vail by a vote of

eight, defeating both Cortina, Italy and St. Moritz, Switzerland to host the

event. The Vail Valley was also host to the 1989 and 1999 World Alpine

Ski Championships.

89 Heritage Park Place, $1,295,000

RounDabouts in EDwaRDs

As you have probably experienced, the roundabouts in

Edwards are close to being completed. Construction is

expected to be competed in November. For more information

and to view an illustration of the completed project visit

www.coloradodot.info/projects/i70edwardsinterchange.

new projects are complete – await the market responseThree of Vail’s most luxurious and eagerly anticipated projects began closing sales this fall. Solaris Residences, Four Seasons Private Residences and the Ritz Carlton Residences — Vail have set new standards in Vail and LionsHead. While preconstruction contracts were strong in all three projects, the local real estate market and macro economic environment have shifted dramatically since those contracts were written a few years ago. With prices throughout the Vail Valley coming down in recent years, the overriding question is; how will Vail’s newest and most expensive projects fare in today’s market? Today’s asking prices range from $1.7m - $14.5m ($1,100 - $2,700+ per square foot). We’ll keep you posted…

Page 3: Prudential Colorado Properties Community Update

All market information represented herein is from the Vail Board of Realtors Multiple Listing Service and are not solely listed or sold by Prudential Colorado Properties. Sold date information from 6/1/10-9/27/10. Listings current as of 9/27/10.

edwards listings

address Br/Ba type list price

Villas at Brett Ranch 2-3/ CO $259,000- 4 Residences Available 2 $330,000

Northstar Condo A107 2/2 CO $285,000

Riverwalk Condos 1-2/ CO $319,000- 7 Residences Available 1-2.5 $720,279

River Pines Condo A104 3/2 CO $444,250

Morningstar Townhome J1 3/2.5 TH VRM $429,000- $488,876

22 Spruce Circle 3/2 SF $567,000

14 Millers Circle 4/3.5 DP $739,500

River Pines TH D105 2/2.5 TH VRM $649,000- $748,876

39 Millers Circle 4/4.5 SF $995,000

homestead listings

address Br/Ba type list price

Matchpoint TH No. 26 3/3.5 TH $333,900

Homestead Meadow No. 28 3/1.5 CO $370,000

Homestead Court Club No. 18 4/3 TH $399,000

Stags Leap Townhome C6 3/3 TH $449,000

654 Gold Dust 3/3.5 DP $809,000

28 Castle Peak 4/3 SF VRM $739,000- $849,876

197 Remington Drive 5/4.5 SF $982,000

63 Lindsay Trail 5/3.5 SF $1,189,000

89 Heritage Park 4/3.5 SF $1,295,000

892 Gold Dust 6/4.5 SF $1,299,000

singletree listings

address Br/Ba type list price

223 Longhorn Road 3/2.5 DP $625,000

151A Hackamore Road 4/3.5 DP $629,000

260 Singletree Road 3/2.5 DP $649,000

260 Singletree Road 3/2.5 DP $669,000

21 Stagecoach Road 3/3.5 SF $699,000

Mission Ridge TH No. 13 3/2.5 TH $799,000

1020 June Creek Road 6/4 SF $845,000

210 Longhorn Road 4/3.5 SF $925,000

141 Chaparral Road 4/4.5 SF $925,000

21 Chaparral Road 4/4 SF $995,000

721 Winslow Road 4/3.5 SF $999,000

331 Rawhide Road 4/3 SF $999,000

Las Vistas No. 30 4/4 DP $1,125,000

581 Singletree Road 4/4.5 SF $1,295,000

171A Pinto Drive 5/5.5 DP $1,300,000

1121 Berry Creek Road 3/3.5 DP $1,359,000

11 Buckboard Road 4/4.5 SF $1,450,000

160 Morgan Drive 6/5.5 SF $1,495,000

560 Winslow Road 4/4.5 SF $1,495,000

31 Conestoga Circle 5/4.5 SF $1,595,000

121 Corral Road 5/5.5 SF $1,900,000

221 Bronco Drive 5/4.5 SF $1,975,000

70 Honda Drive 4/4.5 SF $2,200,000

230 Foal Circle 5/5.5 SF $2,250,000

1003 Lake Creek Road, $15,000,000

select residential listings

Page 4: Prudential Colorado Properties Community Update

co=CONDOMINIuM

dp=DuPLEx

sF=SINGLE FAMILy HOME

th=TOWNHOME

edwards sales

address Br/Ba type sold price

Homestead Meadow No. 51 2/1.5 CO $200,000

Villas at Brett Ranch 2/2 CO $275,000- 3 Residences Sold $285,000

Morningstar Towhome E2 2/2.5 TH $315,000

River Pines Condo C206 3/2 CO $475,000

709 Edwards Village Blvd. 3/3 SF $600,000

717 Edwards Village Blvd. 3/3 SF $625,000

106 Old County Lane 3/3 SF $765,000

homestead sales

address Br/Ba type sold price

Homestead Meadow No. 28 2/1.5 CO $200,000

Matchpoint Townhome 21F 3/3.5 TH $335,000

717 Edwards Village Blvd. 3/3 SF $625,000

709 Edwards Village Blvd. 3/3 SF $795,000

107 Lindsay Trail 5/4.5 SF $850,000

137 Russell Trail 5/4.5 DP $910,000

lake creek sales

address Br/Ba type sold price

25A Idlewild Place 4/3.5 DP $532,500

387 Eagle Crest Road 3/3 DP $867,500

113 Meadow Road 5/5.5 SF $2,100,000

28 Spring Place 5/5.5 SF $1,800,000

790 Old Creamery Road 6/6.5 SF $2,400,000

cordillera/Bellyache sales

address Br/Ba type sold price

467 Big Dipper Road 3/2 SF $400,000

2325 Colorow Road 6/5.5 SF $1,320,000

50 Eagle Feather Drive 4/5 SF $2,200,000

190 Aspen Bluff Lane 5/5.5 SF $4,300,000

lake creek listings

address Br/Ba type list price

473 Eagle Crest Road 3/3.5 SF $1,095,000

1900 Lake Creek Road 3/2 SF $1,100,000

1003 Lake Creek Road 8/9.5 SF $15,000,000

cordillera/Bellyache listings

address Br/Ba type list price

4265 Bellyache Ridge Road 3/3.5 SF $739,000

4683 Bellyache Ridge Road 55/5 SF $1,140,000

94 Hawley Court 5/4.5 SF $1,675,000

510 Big Dipper Road 4/4.5 SF $1,679,000

2100 Colorow Road 6/5.5 SF $1,950,000

84 Legacy Trail 6/6 SF $2,295,000

240 Casteel Ridge 5/6 SF $3,795,000

Las Vistas No. 30, $1,125,000

singletree sales

address Br/Ba type sold price

Persimmon Woods No. 31 2/2 TH $369,000

Villas at Singletree 2-3/ TH $450,000- 2 Residences Sold 2-3 $510,000

71 Hackamore Road 4/4 DP $526,260

520 Charolais Circle 3/2.5 SF $545,000

482 Charolais Circle 4/3 SF $650,000

50 Singletree Road 3/2.5 DP $730,000

Mission Ridge TH No. 446 3/3.5 TH $732,500

220 Bronco Drive 5/4.5 SF $750,000

23 Howard Drive 4/4.5 SF $1,250,000

select residential sales

Page 5: Prudential Colorado Properties Community Update

it’s never been so easy Skip the hassles of snowy passes and

closed interstates by flying direct to

the Vail Valley. Your vacation starts

the moment you walk out of your

front door – less traveling and more

time in the mountains. For more

information and schedules, visit

FlyVail.com today!

200 River Ranch Road, $795,000

1. Good deals2. Mortgages are cheap3. Save on taxes4. Pride of ownership5. You’ll get a better home6. Some inflation protection7. It’s risk capital8. It’s forced savings9. Many choices10. Sooner or later the market will clear

10 reasons people are buying today WSJ.com 9/16/10

Prudential Colorado Properties continues to be a leader of sales in the Vail Valley. In fact, we participate in more than

55% of all residential real estate

sales in Singletree, Edwards and Homestead.

Vail Board of Realtors MLS 1/1/10 - 9/30/10

DiD You Know ?

Page 6: Prudential Colorado Properties Community Update

REaDY to

sKi + snowboaRD?

your vail valley real estate search begins at

prudentialcoloradoproperties.com