Posts Tagged Real estate

Bachelor Gulch March Real Estate Market Update


YTD 2013 Starts Stronger Than 2012

 Welcome to my March Bachelor Gulch Market Update.   2013 has started out a little stronger than 2012.  We’ve had 5 sales year-to-date versus 4 last year.  We also have 4 properties under contract versus only 2 last year.

The first graph below shows the number of Condo and Townhome transactions per year in Bachelor Gulch.  The trend is positive as we recover from the recessionBG Sales per yearBG Listings.

The other graph shows the number of listings in Bachelor Gulch.  We have been hovering in the 20 to 30 listings range for the past year.  Typically we peak in the ski season but we didn’t see much increase this year.

Our other indicators are essentially flat.  The average $/SF sales price is hovering in the $750/SF to $790/SF range.

The difference between final list price and sales price remains a little over 10%, an indicator our list prices are probably still a little too high.

One positive indicator is days on market.  We have seen the average time a listing spends on the market drop from around 300 days to 200 days over the past year.  That is about where we were at our peak.

 

 

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Vail Valley Real Estate Market Update, November 2012


Welcome to your November Real Estate Market Update.  Our local market is finally transitioning from a buyer’s market to a more traditional and balanced market.

In addition to my update on the overall real estate market, this report contains stories on:

Click on the link below to view the market update.

Market Update, November 2012

Vail and Beaver Creek Ski Resorts are now open.  Here’s hoping the storm forecast for early next week brings plenty of snow.

 

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Bachelor Gulch Real Estate Market Update, November 2012


Welcome to your November Bachelor Gulch Real Estate Market Update.  The recovery continues in our local market.  We will see an increase in activity for Bachelor Gulch in 2012 compared to 2011.

In addition to the latest BG real estate stats and trends, the market update contains stories on:

  • Warren Buffett makes a huge bet on the US Housing Market
  • Absorption Rate drops below 10 months for the overall real estate market in the Valley

Click on the links below to view the market update and the current BG condo and town home listings and 2012 sales.

Market Update, November 2012

Listings & Sales, November 2012

Beaver Creek opened on Wednesday to a beautiful day.  We can use some more snow and a storm is forecast for early next week.  Here’s hoping for a dump!

 

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Warren Buffett Just Made A Huge Bet On The US Housing Market


Perhaps the most bullish indicator for U.S. housing is Warren Buffett.

The legendary investor has been buying up real-estate brokerages around the country as he bets on a housing turnaround. Now, he is partnering with Brookfield Asset Management, a Canadian real-estate investor, to more than double the size of his brokerage business

Berkshire’s HomeServices of America Inc. unit will be the majority owner of the venture to manage a U.S. residential real-estate affiliate network, according to a statement on the new company’s website. The firms plan to offer a new franchise brand, Berkshire Hathaway Home Services, starting next year. Brookfield’s network has operated under the Prudential Real Estate and Real Living Real Estate brands.

Berkshire’s managers have been positioning the firm to benefit as the U.S. home market recovers from its worst slump in seven decades. The Omaha, Nebraska-based company has bought a brickmaker, won the loan portfolio of bankrupt mortgage lender Residential Capital LLC at auction and built its HomeServices unit by agreeing to acquire real-estate brokerages in states including Oregon and Connecticut.

The press release says the brokerages that will make up the new company did a combined $72 billion in sales in 2011. That’s more than twice the $32 billion in sales that Berkshire did in 2011 without the new brokerages.

More from the release:

The combined networks of more than 53,000 Prudential Real Estate and Real Living Real Estate agents generated in excess of $72 billion in residential real estate sales volume in 2011, and operate across more than 1,700 U.S. locations.

“Berkshire Hathaway HomeServices is a new franchise brand built upon the financial strength and leadership of Brookfield and HomeServices,” said Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. “I am confident that these partners will deliver value to the residential real estate industry, and I am pleased to have Berkshire Hathaway be a part of the new brand.”

“The strength of the Berkshire Hathaway name, coupled with the operational excellence of HomeServices and the franchising experience of Brookfield, positions Berkshire Hathaway HomeServices® as a leading real estate franchise in the U.S., building on our traditions of exceptional client service and innovation. Brookfield is excited to be a partner in creating a home for the best real estate brokers and agents in the country,” said Bruce Flatt, Brookfield Asset Management CEO.

Buffett has been public about his bullish housing call for a while as he’s built his residential real-estate brokerage business, but this is a big addition.

 

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Beaver Creek, Colorado Real Estate Market Update – October, 2012


Welcome to my October Beaver Creek Real Estate Market Update. We had a strong third quarter in the BC market.

In addition to the latest BC real estate stats and trends, the market update contains stories on the condition of our overall Valley real estate, which is red-hot in the under $500k market.

Click on the links below to view the market update and the current BC condo and town home listings and 2012 sales.

BC Market Update, October 2012

BC Listings & Sales, October 2012

Terry Nolan
Managing Broker, Prudential Beaver Creek
Director, Vail Board of Realtors
Terry@TNolanProperties.com
Prudential Colorado Properties

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Edwards Real Estate Market Update – July, 2012


 

Welcome to my July Homestead/South Forty/Old Edwards Estates Real Estate Market Update.
The 2012 Homestead market is tracking slightly above the 2011 market, indicative of an “L” shaped recovery.  Click on the link below for the latest market update, current listings, and 2012 sales.

Edwards Market Update, July 2012

 

 

 

Managing Broker, Prudential Beaver Creek

 

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Bachelor Gulch Real Estate Market Update – July, 2012


 

Welcome to my July Bachelor Gulch Real Estate Market Update.  Activity in 2012 continues to track ahead of 2011.  We are definitely experiencing an “L” shaped recovery.  But at least it is a recovery.

In addition to the latest BG trends and stats, this issue contains information on:

  • Update on Eagle County foreclosure filings and sales
  • Overall Eagle County Real Estate activity, which is red-hot in the lower end of the market.

Click on the links below to view the market update and the current BC condo and town home listings and 2012 sales.

Market Update July, 2012

Listings & Sales July, 2012

Summer is well under way.  The few rain showers we received over the past couple of weeks have been a relief.  We are still very dry but a few sprouts of new green grass have been spotted throughout the Valley.

 

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