A record year in mountain real estate | VailDaily.com

A record year in mountain real estate

Daily Staff Report

If real estate sales this year in the Vail Valley and Eagle County are anything like they were in 2005, records will continue to be broken and people will continue find a place to call home in the Colorado High Country. Slifer Smith & Frampton, the Vail Valleys premier real estate firm, lead the way in real estate sales last year, with $1.15 billion in closed transactions. It was a record year for the company, and the first time in history that Slifer Smith & Frampton had surpassed the $1 billion mark.The Vail Valley real estate market has been incredibly active, especially as the baby boomer generation continues to pursue second homes in premium resort markets, said Jim Flaum of Slifer Smith & Frampton. Likewise, many longtime Vail residents have taken advantage of the equity theyve built-up over the years, and are selling their Vail residences and moving to other, more affordable towns in the Valley. Its a surge in sales that has been unlike any other in our history. Just 12 years ago, during our first year operating as Slifer Smith & Frampton/Vail Associates Real Estate, the company completed $364 million in transactions, a far cry from the sales activity were achieving now.In addition to Slifer Smith & Framptons record setting performance, Eagle County also announced its own record sales numbers, with $316 million worth of closed business in November. That figure pushed the year sales total for the county to $2.5 billion, and with out numbers from December this will still be the best year on record for the County.Flaum attributes Eagle Countys sales performance to new opportunities that are arising in different parts of the county. The resort markets are still hot, but places like Avon and Eagle are continuing to attract buyer interest, and in many ways are becoming the next target markets for people who want to own a home in the mountains, said Flaum.The company is pleased with their solid performance and the continued growth in Eagle County sales. Slifer Smith & Frampton looks forward to a busy ski season, with record snow fall visitors will be flocking to the Vail Valley. There is still a solid inventory of product on the market and several projects slated for spring in Beaver Creek, Lionshead and Vail Village, promise to bring more options to buyers. The holiday weeks have brought brisk sales in all segments of the markets.Slifer Smith & Frampton has been the most trusted name in Vail Valley real estate for over 40 years. Vail Colorado

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