Instant Equity for Some Lucky Buyers

The high end real estate market here in the Vail Valley has shown continued strength as we enter into 2007.  Looking at recent sales in Vail, 6 of the new Gore Creek Place duplexes closed with prices ranging from $3.55M to $4.65M.  That works out to about $1050/square foot, a virtual steal in today’s high priced market.  These fortunate buyers had the foresight, or good luck, to get under contract during construction, when $1000/sf was still pushing the envelope. 

“Instant Equity” is something anyone buying real estate wants to hear.  And all the buyers at the Arrabelle at Vail Square now have equity like you read about.  Some of the fortunate few who are under contract in this new project, are re-listing their condo units for over $1 million more than the original contract price.  Not bad for a few years time.

One smart seller cashed in on the current demand for high end property by selling their Vail Rowhouse condo, on Gore Creek in the heart of Vail Village, for $8.75M, or about $2930/square foot.

To learn more about the Vail Valley real estate market, contact

Doug Schwartz with Gateway Land and Development at dougs@gatewayland.com or (970)926-6777  or visit www.vailpropertysearch.com

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