As one of the most successful ski season and real estate rush comes to an end with the transition of seasons, Is there a Vail Real Estate bubble is store for the Valley?

Now that we are at the tail end of the most successful ski seasons and largest snow falls in the history of the Vail Valley with a major Vail Real Estate Renaissance period underway, the national real estate talk is the bubble bursting.

So the question is will the real estate bubble burst in the Vail Valley?

I did a quick analysis in the Vail Board of Realtors Multiple Listing System of the total number of condominiums, duplexes, townhomes and single family residences currently available for sale.  There were seven hundred and fifty two. 

Then I searched all pending and active contingent properties; those that are under contract and headed toward closing.  There were exactly five hundred and thirty.

Because of the large volume of brand new construction currently going on during the Vail Real Estate Renaissance period; I then searched only those under contract properties no earlier than February 1st, 2006.  This search more accurately assesses properties that have gone under contract and are set to close in about sixty days.  The result was two hundred and seventy three.  Based on the current listing inventory, that represents an absorbsion rate of thirty six percent. 

Listen to my first ever podcast about Vail Board of Realtor statistics that affect our Vail Real Estate Bubble and some conclusions that can be drawn.

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