Solaris

According to Land Title Guarantee Company , Eagle County passed the $1 billion dollar mark in sales in November 2011.  This is the 14th year since 1996 that the county has passed the $1 billion dollar mark with the exception of 2009.  There were 121 sales in November that totaled $124.8 million.  The majority of the transactions were down valley in Eagle and Gypsum.  Lower priced homes made up the majority of the sales; with 71% of the sales being under $1 million dollars.

The largest price per square foot home was in Vail's Solaris Residences. The Vail Golf Course was the area with the highest average sales price; $6.2 million over two transactions. One of those sales was a newly built home which sold for $9.25 million which was the highest priced transaction in all of Eagle County for the month of November.  There were nine transactions over $4 million in the month of November which was the most transactions in this category in any month in 2011.

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The $250 million dollar Four Seasons Resort Vail has delayed its opening again and there is currently no new opening date for the project.? The current owner, an affiliate of Barclays Capital Real Estate, filed suit against Ground Engineering Consultants in U.S. District Court.? The lawsuit alleges the Ground Engineering did not provide the "elongation test" which confirm that the building is structually sound, which it had been hired to produce.? The issues found were isolated, have been addressed and are in the process of being repaired.

The Four Seasons remains under construction in Vail Village.? It broke ground in 2005 and was originally scheduled to be complete in 2008.? It is slated to have 121 hotel rooms, 16 condos and 19 fractional residences.?