edwardswinter2011online

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EDWARDS OFFICE | AT THE INN AT RIVERWALK | 970-926-8440 | 800-637-4052 [email protected] | PRUDENTIALCOLORADOPROPERTIES.COM eagle river meadows In early January the Eagle River Meadows project passed a critical test with Eagle County Commissioners. e Atira Group’s development proposal received “sketch” approval from the county to transform the old B&B gravel pit in Edwards to a medical campus and housing. Additional approvals for final density and design will need to occur before the project can begin, which may take 12 months or more. EDWARDS HOMESTEAD SINGLETREE LAKE CREEK CORDILLERA BELLYACHE COMMUNITY UPDATE Your resource for resort news, recent home sales and listings 138 Timber Draw, $2,450,000

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homEstEad Edwards Your resource for resort news, recent home sales and listings cordillEra singlEtrEE bEllyachE lakE crEEk 138 timber Draw, $2,450,000

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Page 1: EdwardsWinter2011Online

Edwards officE | at thE inn at rivErwalk | 970-926-8440 | 800-637-4052

[email protected] | prudEntialcoloradopropErtiEs.com

eagle river meadowsIn early January the Eagle River Meadows project passed a critical test with Eagle County Commissioners. The Atira Group’s development proposal received “sketch” approval from the county to transform the old B&B gravel pit in Edwards to a medical campus and housing. Additional approvals for final density and design will need to occur before the project can begin, which may take 12 months or more.

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

138 timber Draw, $2,450,000

Page 2: EdwardsWinter2011Online

510 Big Dipper Road, $1,679,000

spRing event highlights

February 26: talons Challenge BeaveR CReek

March 6-8: Carnivail – Mardi gras, vail style vail village

March 23-26: the korbel american ski Classic BeaveR CReek

March 31-april 3: vail Film Festival vail

april 7-9: the taste of vail vail

april 17: Beaver Creek Mountain Closes

april 24: vail Mountain Closes

ascent momentum The market has spoken loud and clear with its response to The Ascent. Located in Avon, The Ascent (formerly The Gates) is a 49 unit condominium project that was purchased out of foreclosure in late 2010, rebranded, and placed back on the market in late December at more than 50% off original asking prices. The combination of newer product, a location at the entrance to Beaver Creek and price has resulted in more than 30 contracts. Two, three and four bedroom residences are available, starting at $529,000. If you are interested in learning more, please contact our office today!

Page 3: EdwardsWinter2011Online

Graphs represent market information from the Vail Board of Realtors Multiple Listing Service.

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rEsidEntial activE listings vs. rEsidEntial undEr contracts

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vail valley sales numbers for 2010 showed a strong improvement from 2009. the completion and closing of new projects such as the Ritz Carlton Residences - vail, solaris, Manor vail, the tower Residences and the Westin all contributed to a healthy increase in unit sales and dollar volume throughout the valley.

While the graphs demonstrate this rebound from low levels in 2009, the market’s ability to close the supply and demand gap (active listings vs. under contracts) will ultimately determine the consistency of sales moving forward. there are positive signs heading into 2011 on both a macro and local level, however, pricing will remain the overwhelming driver in our market.

if you have any questions about today’s market in general or specific to your ownership interest, please contact one of our brokers today!

Page 4: EdwardsWinter2011Online

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 10-1-10 to 1-1-11. Listings current as of 1/1/11.

Edwards listings

addrEss br/ba typE list pricE

villas at Brett Ranch 2/2- CO $275,000- 3 Residences available 3/2 $320,000

Riverwalk at edwards 1/1- CO $295,000- 11 Residences available 3/3 $743,000

Morningstar townhomes 2/2.5- th $329,000- 2 Residences available 3/2.5 $488,876

River pines 2/2.5- CO $359,000- 3 Residences available 3/2 $748,876

200 River Ranch 5/3.5 Dp $735,000

14 Millers Circle 4/3.5 Dp $739,500

39 Millers Circle 4/4.5 sF $927,500

homEstEad listings

addrEss br/ba typE list pricE

homestead Meadow Condo 2/1.5- CO $265,000- 3 Residences available 3/1.5 $339,000

arlington place no. 3a 3/2.5 th $299,000

Matchpoint th no. 26 3/3.5 th $324,000

Castle peak th D1 2/2.5 th $379,000

stonegate village no. 41 3/2.5 th $385,000

trail Ridge townhomes 3/3 CO $429,000- 2 Residences available $495,000

stags leap th C6 3/3 th $449,000

terrace Ridge th no. 4C 4/3.5 th $525,000

63 Meile lane Unit B 4/2 Dp $540,000

492 edwards village no. 41B 3/2.5 Dp $599,000

46 andover trail Unit B 3/3.5 Dp $639,000

52 andover trail 4/3.5 Dp $655,000

7 andover trail 4/3.5 Dp $699,000

721 gold Dust Drive 4/3.5 Dp $750,000

79 Cassidy place 4/3.5 sF $750,000

654 gold Dust Drive 3/3.5 Dp $809,000

94 Creamery trail 4/4 sF $809,000

771 homestead Drive 4/3.5 sF $850,000

14 lindsay trail 5/4 sF $1,180,000

12 hollis lane 6/5.5 sF $1,195,000

892 gold Dust Drive 6/4.5 sF $1,299,000

85 lindsay trail 5/6 sF $1,699,000

43 hollis lane 4/4.5 sF $1,850,000

lakE crEEk listings

addrEss br/ba typE list pricE

49 idlewild place 4/3 Dp $995,000

1900 lake Creek Road 3/2 sF $1,100,000

55 elk place 5/5.5 sF $1,450,000

1356 lake Creek Road 4/4 sF $1,495,000

644 eagle Crest Road 4/4.5 sF $1,650,000

477 pilgrim Drive 5/4.5 sF $2,495,000

345 Old Creamery Road 5/4 sF $2,750,000

106 pilgrim Drive 5/6.5 sF $2,950,000

119 Brook place 4/3.5 sF $3,295,000

1255 pilgrim Drive 4/4.5 sF $3,350,000

575 pilgrim Drive 6/7 sF $4,500,000

1531 lake Creek Road 5/4.5 sF $4,900,000

118 Brook place 6/5.5 sF $4,950,000

111 pilgrim Road 6/7 sF $6,950,000

975 pilgrim Road 6/8 sF $7,900,000

341 Jackman Ranch Road 6/7 sF $7,995,000

1003 lake Creek Road 8/9.5 sF $12,999,000

singlEtrEE listings

addrEss br/ba typE list pricE

las vistas no. 1C 2/2 CO $480,000

151 hackamore Road 4/3.5 Dp $530,553

223 longhorn Road 3/2.5 Dp $625,000

121 longhorn Road 3/2 Dp $648,500

252 hackamore Road 3/2.5 Dp $669,000

21 stagecoach Road 3/3.5 sF $699,000

311 June Creek Road 4/3.5 Dp $795,000

Mission Ridge no. 13 3/2.5 th $799,000

210 longhorn Road 4/3.5 sF $925,000

207 Charolais Circle 5/5.5 Dp $980,000

681 June Creek Road 5/6 sF $989,900

21 Chaparral Road 4/3 sF $995,000

10 shotgun Circle 5/4.5 sF $999,900

141 stagecoach Road 4/4.5 sF $1,050,000

641 singletree Road 6/5.5 sF $1,150,000

171 pinto Drive Unit a 5/5.5 Dp $1,300,000

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

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

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

select residential listings

Page 5: EdwardsWinter2011Online

co=COnDOMiniUM dp=DUplex

sf=single FaMily hOMe

th=tOWnhOMe

Edwards salEs

addrEss br/ba typE sold pricE

villas at Brett Ranch 2/2 CO $255,000- 2 Residences sold $270,000

the Reserve p201 2/2 CO $265,000

Riverwalk emerald no. 204 4/4.5 CO $775,000

homEstEad salEs

addrEss br/ba typE sold pricE

63 lindsay trail 5/3.5 sF $1,030,000

cordillEra/bEllyachE listings

addrEss br/ba typE list pricE

4265 Bellyache Ridge Road 3/3.5 sF $689,000

4683 Bellyache Ridge Road 5/5.5 sF $1,140,000

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

94 hawley Court 5/5.5 sF $1,675,000

2100 Colorow Road 6/5.5 sF $1,850,000

138 timber Draw 5/5 sF $2,450,000

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

141 stagecoach Road, $1,050,000

singlEtrEE salEs

addrEss br/ba typE sold pricE

249 Buckboard 3/3.5 Dp $697,500

110 longhorn 4/3.5 sF $740,000

521 singletree 6/5 sF $990,000

140 snaffle 4/4.5 sF $1,200,000

42 Corral 5/5.5 Dp $1,250,000

230 June Creek 4/4 sF $1,330,000

select residential sales

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Page 6: EdwardsWinter2011Online

did You knoW?Prudential Colorado Properties participates in the sale

of almost 42% of all residential transactions

in Minturn, Eagle-Vail, Avon and Wildridge.

* vail board of realtors mls 8/1/10 – 2/1/11

your vail valley real estate search begins…here.prudentialcoloradoproperties.com

mobilE app coming soon!