Team Black Bear’s

Real Estate Update Exceeding Your Highest Expectations in

Service, Performance & Results!

March 2014

T he State of the Real Estate market in

our Valley for 2014 looks like we are

going in an exciting direction, on

multiple fronts and for multiple reasons. Be-

fore discussing the supporting evidence for

this statement, let’s look at the recent past.

The real estate statistics for 2013 were good,

even though the number of sales and dollar

volume overall, were just a bit down from

2012. At first blush, you might ask, why this

is good since the sales and

dollar volume were less than

the previous year? It is good

news because our inventory

of homes and land for sale in

2013 was the lowest invento-

ry we have had for sale in the

last 5 years. Therefore, with

fewer homes to sell, we still had nearly the

same number of sales, and more importantly,

nearly the same dollar volume as 2012, when

more homes were on the market. This shows

that prices are climbing and they will contin-

ue to increase as the supply of homes stays

low in most areas. This is good for Sellers,

to get better sales prices, and good for Buy-

ers to know that their investments have a

great chance of increasing in value in the

near future. This pricing increase is not a

rocket ride like our wild and exciting years

in early to mid-2000’s, when prices were ris-

ing at 20% or more in a year’s time. That

rapid price increase was a less than favorable

circumstance since it led to a sharp drop

around 2009, where prices dropped 10-50%

in different parts of our Valley. Since

then,we have been on a slow and steady

climb back to our normal, strong econo-

my. This in itself is good news.

In the last few months of 2013 and the be-

ginning of 2014, we personally are seeing an

exciting new attitude and activity with our

past and new clients. Here is what we are

seeing:

We are getting interest in, and sales for

residential lots. Vacant land in the past

few years has not been selling at most

any price. Some of the purchases we are

seeing are for personal residences, but

mostly they are builders that want to start

doing what they do best,

build homes! They are tired

of waiting and are willing to

start building new spec

homes on a limited basis.

New construction

homes are selling. There are

not very many new homes, but the ones

that are on the market have immediate

interest and are selling at a good rate.

There is renewed interest in commercial

units. Existing and new locations for

businesses, shops and warehouses for

contractors, and new and growing busi-

nesses.

The price range of

home Buyers is in-

creasing. Needless to

say, the low-end sells

quickly to home buyers

and investors, but the

mid-range and luxury homes are also

selling to more confident buyers.

Possibly the most important reason to

feel good about 2014, more than any of

the tangible facts, is the feeling of excite-

ment and confidence that we are experi-

encing. The Valley has had great early

2014 State of the Real Estate Market in Eagle County

cont’d on page 4

[Vacant Land]

Most important reason

… the feeling of excite-

ment and confidence that

we are experiencing.

[New Construction]

[Commercial]

[Existing Homes]

MCCOY 2.5 acres, BLM on 3

sides, horses OK. Sunny, views,

trees, Yarmony Creek. Updated

2 bdrm mobile home. $225,000

SWEETWATER 35 acres border-

ing N.F. on entire Southern bor-

der. Water fall, water rights,

pond and hunting. $485,000

MCCOY 80+ Acres, water rights,

ponds, large shop + apt & 2nd

shop. Set up for hunting. 2 pas-

tures, barn. $1,200,000

COTTON RANCH Duplex w/single

-family feel on The Gypsum

Creek Golf Course. 3 car garage.

Custom finishes. $450,000

SILT Hunter’s paradise, grand

corporate getaway or serene re-

treat on 216 acres. Backs to NF,

5bd lodge home, stunning views.

$3,250,000

SILT 850 acres, 2 streams,

water/mineral rights, 500 acres

irrigated, 2 homes, many out

bldgs. 2 miles to Ntl Forest.

$3,500,000

COTTON RANCH Main floor

mstr + 4th bdrm or large family

room upstairs. Ovrszd 3 car

garage. $599,000

CHATFIELD CORNERS 3 bd, 2.5

bath, single level home. Builder

owned with custom upgrades.

Immaculate condition. $449,000

SILT 2 homes, fenced w/12 pas-

tures. 3 NF In-Holdings located

approx 13 miles south of the 850

acre main ranch. Water & Miner-

al rights. $5,100,000

COTTON RANCH Custom with 4

car overszd garages. 5,409 sq ft

on golf course. 6 bds, 4.5 bths,

media, exercise & family rooms.

Main floor master. $889,000

CO RIVER RD 2 bed, 2 bath home

on 6+ acres with views of the

Colorado River. Bunk house,

smoke house, barn. $319,900

GLENWOOD CANYON 5+ Acres

with 965+ feet of beach front

acreage on the Colorado River.

Phone, Electric & Well. Easy

access to I-70. $137,000

EBY CREEK MESA 4bd, 2.5ba,

walk-out finished bsmnt. Great

yard, garage + extra parking pad.

Next to BLM. $539,000

RIVERWALK Premier retail loca-

tion on ground floor. Private half

bath, w/d hook ups, air condi-

tioning and additional back en-

trance. $390,000

GYPSUM Car Wash w/1 auto

wash bay & 2 self-service bays, +

3 vacuums. Sale includes real

estate and all equipment.

$499,000

DOTSERO 1.782 Acre lot over-

looking the confluence of the

Colorado River and Eagle River.

$87,000

DOTSERO 1.8+ acres commercial

near mandatory I-70 truck park-

ing , new boat/raft launch across

the street. Last stop in/out of

Glenwood Canyon. $1,500,000

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Go to www.TeamBlackBear.net to get started today!

NEW CONSTRUCTIO

N

JUST LISTED

JUST LISTED

JUST LISTED

on your Mobile Device or Computer

GYPSUM 3,200 sq ft light-industrial space. Stub-ins for half

bath in place, tap fees paid for sink/toilet, 3-12x12 overhead

doors, 1 facing East and 2 facing West. 26’ ft ceilings,

5,000sf fenced storage yard. $300/mo CAM fees. $475,000

West facing unit, B2. Seller

will add overhead gas heater

and demising wall. 5,000 sq

foot fenced private yard ad-

jacent to unit on West side.

2-12x12 overhead doors.

$285,000

East facing unit, B1. Unit

includes lights and heater.

Seller will add demising wall.

Five assigned parking spaces

in front. 12x12 overhead

door. $210,000

There is no better time to start looking at your fi-nancial future than right now. No matter what stage of life you are in, there are always events and lifestyle changes to be planned for. Team Black Bear has arranged with Financial Advisor Kevin Brubeck, at Edward Jones, to offer a one hour free, no obligation, consultation for any and all of our valued clients. We will be contacting you, or you are free to email or call any one of our Team mem-bers, Joan, Barb, Laura or Angela, to arrange for your complimentary certificate via email or by stopping by our office at 200 Capitol St, Ea-gle. This hour of financial counseling, by a proven expert, may be the perfect answer to your suc-cessful financial portfolio for 2014!

Complimentary Financial Session with a local expert provided by Team Black Bear

JUST L

ISTED

For your area go to www.TeamBlackBear.com

and select Market Reports

P.O. Box 1651

Eagle, CO 81631

(970) 337-7777

Joan Harned, Barbara Hogoboom,

Laura Sellards, Angela Maxey

www.TeamBlackBear.com

info@TeamBlackBear.com

Information contained in this newsletter is not guaranteed to be accurate. Prices subject to change without notice.

Eagle County | Vail Valley | Colorado

cont’d from page 1

snow, a great holiday season and we are now experi-

encing record setting snow fall. These conditions,

combined with the entrepreneurial spirit of locals and

everyone who visits and wants to stay, is growing a

ground swell of positive feelings that are manifesting

into exciting economic growth for the whole Valley.

Don’t miss out on the opportunities in your own communi-

ty. Whether you are thinking about selling, buying, build-

ing, investments, or converting your IRA into a qualified

real estate investment, the professionals at Team Black

Bear with Keller Williams Mountain Properties are ready

to answer your questions, willing to show you our local

knowledge and to provide you with the luxury service you

deserve! •

Why is a game of golf most

often referred to as a

“round of golf”?

Go to www.SkiAndTeeHomes.com for answer!