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Vail Property Brokerage
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Vail Property Brokerage
    • Jul 17
    • Greg Strahan
      Greg Strahan
    Latest news from VPB

    New Listing July 2025: The Kiva Lodge in Beaver Creek

    • Greg Strahan     40 Years' Experience. One Billion Dollars Completed Transactions. Hundreds of Happy Families.

    •  Remodeled with a Modern and Colorful ‘’Wow’’ Factor
    •  #1 Performing Short Term Rental in Building
    •  Ski-In/Ski-Out and Walk to Village Location
    •  2 Bedroom, 2.5 Bath, 1453 Square Foot
    •  Pool, Hot Tub, Underground Parking
    •  On-Site Management
    •  MLS #1012065

    $2,500,000

    311 Offerson Rd. 223, Beaver Creek
    See the video of this property:

    https://player.vimeo.com/video/1095260273
  • New Listing July 2025: Ritz-Carlton Bachelor Gulch

    • Greg Strahan     40 Years' Experience. One Billion Dollars Completed Transactions. Hundreds of Happy Families.

    •  Whole Ownership Residential Suite
    •  Three Private, Covered Balconies
    •  2 Bedroom, 2 Bath (Lock-Off)
    •  Ski-In/Ski-Out with Views of Red & White Mountain
    •  Luxurious Ritz-Carlton Hotel Amenities
    •  THE VALUE OPPORTUNITY Within the Hotel
    •  MLS #1012183

     $2,875,000

    HS319

  • SUMMER 2020 SETS AN ALL TIME RECORD

    • Greg Strahan     40 Years' Experience. One Billion Dollars Completed Transactions. Hundreds of Happy Families.

    Let’s start with the biggest story of 2020.  Four hundred thirty (430) families purchased 1.2 billion dollars of real estate last summer at an average selling price of $2.7 million.  This surge in demand was completely unexpected after COVID-19 shut down the country with Vail Resorts closing all 34 ski areas mid- March with less than 48 hour notice.  Air travel came to an abrupt stop with TSA reporting less than 4% passenger traffic passing through airport security.  Travel and Leisure is heavily dependent on destination guests which led us to believe that resort real estate was dead in the water, because what family is going to buy a seven digit occasional use home without seeing it in person?  The pandemic immediately forced us to prepare for another economic disruption which came on the heels of the Great Financial Crisis ten years later.  Based on experience we knew what could happen making us think here we go again but with the hope of a much quicker recovery.

    Those very dark days began to see twinkles of light in May when another completely unexpected trend began to emerge. The phone started ringing with buyers calling about Vail Valley real estate but for two very different reasons.  Fear of the virus in larger cities made social distancing intimidating and in combination with business America embracing remote working, our modern world is now forever changed.  Buyers who had traditionally been interested in spending 2-4 weeks a year in our jewel of the Rockies began thinking about spending months which was unusual.  This early adopter movement convinced many families that they could spend more time away from congested places in favor of better quality of life locations which unleashed a frenzy of activity that culminated in an all-time sales record for ski proximate homes in the Upper Valley and Beaver Creek adjacent neighborhoods. This newly discovered flexibility as to how people work and where they can live will be a game changer that has only just begun.  Demand for best of the best places near beaches, deserts, golf, islands or mountains is going to explode as families with more money than time seek lifestyle enhancement and portfolio diversification while remaining connected to the office.  

    Our predictions are speculative, but based upon data analyses and leading indicators the summer of 2020 pushed Eagle County volume to over three billion dollars for the first time ever convincing us that this was not an outlier event but rather a paradigm shift which by definition is rare and seldom occurs in one’s lifetime.  Having been born in 1952 I have only seen three: 1) women working, 2) blue to white collar employment, and 3) technology which includes the internet with increased connectivity around the world.  Paradigm shifts change the human experience with the pandemic’s most lasting impact being lifestyle and locational mobility.  The Vail Valley is already a winner in this race for higher quality living with our piece of paradise being the right place, at the right time, with the right environment that will let people live longer and better provided they have the financial wherewithal to be here. 

    As for 2021, increased pricing is almost a certainty as supported by data analytics, some of which can be found on page 2 of this newsletter or at www.vailpropertybrokerage.com which has just been updated with additional Financial Performance projections.  Next summer’s story will be the lack of inventory because 430 families buying 1.2 billion dollars of ski proximate homes left us with almost nothing on the market and fewer sellers willing to part with their beloved family legacy homes.  Having had more than a hundred phone conversations over the past six months most of these inquiries were curious and favored a wait and see attitude which at the time made complete sense.  These “on the fence” families chose to postpone any decisions until such time as the risk profile lessened but are now thinking about moving forward on the idea of a second home which differs from a vacation home with length of stay being the difference.  If in fact demand transitions from days to weeks or months, then size and privacy will become more important than proximity to the ski villages in smaller cramped spaces.  While this cautious approach made complete sense at the time, we worry that it will have been a drastic mistake.  Demand is going to soar over the next 3-5 years as remote working increases flexibility allowing affluent families the privilege of seeking out best of the best quality of life communities which will intensify competition where the only the wealthiest will prevail.  Stock market performance which has been driven by low interest rates and TINA (there is no alternative) in conjunction with the US Treasury printing $4 trillion of stimulus money with more on the way, makes capital market investing a gamble leaving world class resort real estate a smart portfolio hedge and lifestyle enhancement alternative.  Vail’s long term appreciation will continue based upon baby boomer demographics, US household formations, and a growing inequality wealth gap as the rich get richer, along with massive inter-generational transfers of wealth leaving us with a “have or have not” society.  

    All of this is a much longer story but regardless of timing and magnitude Vail Valley real estate seems to have almost no downside and is an idea worthy of serious consideration. Vaccines are being distributed, the new administration is committed to additional supports, and the FED is focused on liquidity and record low interest rates.  While these elements will all contribute towards an improving economy, they could become genies that escape from their lamps driving inflation and the national debt to unmanageable levels.

    As to the summer of 2021 we are expecting burst pricing of 10%-20% and are recommending buyers prioritize this issue before the next surge of demand arrives next summer.  Casual interest is just not going to make a Top 10% property purchase happen with lack of inventory being the real challenge; so buckle up because it’s going to be a bumpy ride.

    Should any of this ignite your interest to learn more about our very expensive and hard to understand marketplace, give us a call or send questions that will be answered based upon 27 years of Vail Valley experience, proprietary analytics, and a fiduciary commitment to your best interests with no hidden agendas or undisclosed conflicts of interest.

    Greg Strahan   Connie Kincaid-Strahan

    Read Full Newsletter

  • VAIL VALLEY REAL ESTATE NEWS

    • Greg Strahan     40 Years' Experience. One Billion Dollars Completed Transactions. Hundreds of Happy Families.
    Remote Working Changes the Real Estate World.

     

    As the holidays approach and COVID-19 continues to ravage the country, I thought some diversion appropriate. Colorado’s snowpack to date is 82% of average with 14 out of 31 lifts on Vail Mountain open and 53 of the 195 trails accessible.  Despite these less than robust numbers, my on-mountain experiences have been better than expected based on coverage, terrain, and overall snow quality conditions.  Vail Resorts is to be commended for installing a $20M snow making system during the summer of 2019, which opened up Mid-Vail for the first time connecting to Lionshead via miles of moderate speed catwalks with lots of skiing along the way.  While it will take a couple of feet to get all of our 5200 acres up and running, one storm can make the difference in getting more of the good times rolling along with Beaver Creek’s 1700 acres which is only 15 minutes away.

    While there have been a few bumps along the way due to above average temperatures and Vail Resorts’ new reservation system (which is getting better), I have been generally surprised by the fun factor in what looks like a winter wonderland at higher elevations.  Most of the front side terrain and Game Creek Bowl are now open with exception of Chairs 11 (Northwoods) and 10 (Highline) with groomed slopes that are perfect for high-speed cruising and some moguls for the more adventurous at heart.  There is snow in the forecast so don’t worry if you are coming for the holidays!  My meditative message to Mother Nature is GIDDY UP!

    As a community there has been a great deal of concern about the guest experience given the pandemic with activities and celebrations added for your vacationing enjoyment; visit www.DiscoverVail.com for more information.  COVID-19 protocols are in place to ensure the safety of your family and friends both on and off the slopes.  Masks in the ski villages are required, indoor dining has been reduced to 25% capacity, face coverings required while in line or strolling around town.  Restaurants, bars and music venues are suffering but still open with limited capacity which is inconvenient but appropriate for these very difficult times.  You can have fun outdoors in our Rocky Mountain playground. Perhaps try experiencing it in a slightly different way. There is much more to Vail and Beaver Creek than just skiing so get creative and try something new like snowshoeing. We’re here to help with ideas. We’ve lived here long enough to know the myriad ways of having fun in our beautiful Vail Valley.

    As to the real estate market 430 families have purchased more than $1.2 billion dollars of ski proximate properties since May, at an average selling price of $2.7M.  This unexpected buyer demand stripped away most of the inventory with very little left that is truly worth buying.  An extensive search of the neighborhoods we track produced only 11 active listings in the Beaver Creek ski village priced $1M-$3M three bedrooms or larger with 50 homes selling over the past 12 months, which means every single listing currently on the market could be sold five times over.  East to West Vail has only 18 properties available as compared to 88 prior 12 month solds of which only 24 traded for less than $2m with roughly the same supply vs. demand ratio.

    Vail Valley real estate is going to get more expensive in the years ahead which means NOW IS THE TIME to prioritize this issue before the next surge in buyer demand arrives which we believe will be next summer. If you talk to us now we’ll be able to do effective pre-planning work with you so when you are ready to buy and the inventory selection becomes stronger then you will be in a very advantageous position. And if you’re looking to sell, then our unique buyer brokerage skills will definitely help you on the sell side too.

    With the economy improving as additional government stimulus comes online and a full vaccination plan implementation several months away, Vail & Beaver Creek are the right places, at the right time, with the right outdoor environment for lifestyle enhancement and financial performance. BURST PRICING of 10%-20% is likely to happen in 2021 which means TIME IS OF THE ESSENCE to plan and hopefully be ready in advance of that potential increase or burst pricing phenomenon.

    Real estate is on fire across the country fueled by household creation, pent up demand, and decreases in mortgage interest rates lowering the cost of ownership by about 25%.  Vail is benefiting from this FED policy phenomena but with the more important story being the unbridled acceptance of remote working which is going to change destination resort real estate in profound ways, making our already expensive jewel of the Rockies that much more unaffordable.  Lifestyle enhancement, portfolio diversification and time with family and friends are the drivers. Give us a call for more information because paradigm shifts cannot be explained in short narratives where information is crucial to making smart decisions.

    Best regards from high up in the Rockies and hope you will come to the Vail Valley during ski season where the suns shines, the snow falls, and memories that will last a lifetime wait to be discovered.

    Give us a call at 970-476-8850 or schedule an in-person meeting on our calendar and put our claim of expertise to the test. Let us help you determine what to buy. There is no obligation and, even if we’re not the right fit for you, we promise it will be time well spent.

    Connie and Greg Strahan

    27 Years in the Vail Valley. One Billion Dollars Completed Transactions.
    Hundreds of Happy Families.

  • RESERVATIONS ARE REQUIRED FOR THE 2020/21 SEASON​

    • Greg Strahan     40 Years' Experience. One Billion Dollars Completed Transactions. Hundreds of Happy Families.

    Vail Resorts has a new reservation system for ski mountain access during the upcoming 2020-21 winter season.  THE RESERVATION HOTLINE OPENS NOVEMBER 6th AND CLOSES DECEMBER 8th.  IF YOU DO NOT MAKE YOUR RESERVATION DURING THAT TIME, YOU WILL LOSE YOUR RIGHT TO DO SO.  Only EPIC pass holders may reserve seven specific days in advance.  We recommend you book those MUST-HAVE ski days as soon as possible.  Availability during most of the season is likely except for those unusually high in demand weeks.  Take advantage of the priority system to ensure skiing during Christmas/New Years, President’s Day, Spring Break, and all other high visitation periods.

    If you would like to look at real estate while you are in Vail or Beaver Creek, please call us at 970-390-8850.

    Go to the Epic Pass website to learn more:
    https://www.epicpass.com/info/reservation-details.aspx

     

    Greg Strahan & Connie Kincaid-Strahan

     

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  • New Listing July 2025:  The Kiva Lodge in Beaver Creek
    Jul 17

    New Listing July 2025: The Kiva...

  • New Listing July 2025: Ritz-Carlton Bachelor Gulch
    Jul 16

    New Listing July 2025: Ritz-Carlton...

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