Could there be light at the end of the long tunnel in luxury ski resort real estate? Well, if this winter’s experience at Northstar in Truckee, Calif. is an indication, the answer is “yes.”
Slifer Smith & Frampton, a 50-year-old Vail Valley real estate firm, is reporting the local real estate sector performed well, on average so far in 2012, with “a higher number of sales and less time on the market.
The Slifer Report, an in-depth analysis of local real estate activity, provides a snapshot of the Eagle County real estate market and, by extension, a picture of Eagle County’s economic health as a whole. The current report covers the first six months of 2012.
“We expected that the real estate market in 2012 would outperform last year,” said Jim Flaum, president and managing broker at Slifer Smith & Frampton Real Estate.
The report shows sales volume, number of sales, average days on market, and average median sale for both single-family/duplexes and condominium/townhomes in neighborhoods from Vail Village through Gypsum. A price per square foot comparison and sale price versus list price comparison is also included.