vailpropertybrokerage.comVail Property Brokerage – Eagle County’s Only Real Estate Advisory Company Specializing in Buyer

Brokerage Representation × Home Invest in Vail Why Vail? What Should I Buy? Investment Characteristics Neighborhood Pricing Community Financial Performance MLS Property Search Sell Your Home Our Promise What’s Your Property Worth? The Industry’s Best Kept Secret What Makes Our Company Different? Is Now the Time to Sell? Latest Updates Expertise Our Story What Makes Us Different? (970) 476-8850 Other Contact Information Home Invest in Vail Why Vail? What Should I Buy? Investment Characteristics Neighborhood Pricing Community Financial Performance MLS Property Search Sell Your Home Our Promise What’s Your Property Worth? The Industry’s Best Kept Secret What Makes Our Company Different? Is Now the Time to Sell? Latest Updates Expertise Our Story What Makes Us Different? (970) 476-8850 Other Contact Information Logo Vail Property BrokerageInvest Wisely. Live Better. Custom Search Our MLSOUR WEALTH INTELLIGENCE SIMPLIFIES YOUR REAL ESTATE EXPERIENCE How can I be sure this is the right home for our lifestyle and financial goals? Am I overpaying? Will something better come available?” As Eagle County’s only buyer brokerage, and client fiduciaries at that, we will aggressively represent your interests, without hidden agendas or undisclosed conflicts of interest, so you can move forward with absolute confidence. With more than 45 years’ of industry experience—28 in the Vail Valley alone—you can rely on our data analytics, financial analyses, community connections, and gut instinct to make sense of this highly idiosyncratic market. Schedule a time to share your aspirations, questions and concerns , and we promise to provide deeply informed answers. Hundreds of clients have told us they’ve had more fun and made more money in the Vail Valley than they ever expected. Let us help you find that just right home as well, one that unlocks a lifetime of discovery and makes sense as both a long-term investment and a legacy asset. What Properties Should I Be Looking At? While your dream home may be out of reach, with help from our data driven approach you can find amazing options, in budget, to live your best life. LEARN MORE How Will It Perform as an Investment? As data-driven real estate financial advisers with over 25 years in the Vail market, we have the wealth intelligence to answer that question. OUR FIDUCIARY ADVICE Search the MLS for that Perfect Home Get free access to the Vail Board of Realtors’ MLS database to save properties and receive alerts. Or let us create your own custom searches. SEARCH LIKE A REALTOR The Importance of a Buyer Broker A buyer broker fighting on your behalf for the best property at the best price, with no hidden agendas or undisclosed conflicts of interests. LEARN MORE A SMARTER WAY TO BUY AND SELL Connie and Greg are unlike any other Realtors you may have met. As real estate financial analysts and economists, this husband and wife team approach real estate acquisition process from a complex systems perspective based on data and asset valuation metrics that make financial sense. Put simply, their mission is to help you find lifestyle appropriate properties that make financial sense now, as a long-term investment, and as a legacy asset. We’ve been trusted to complete more than $1 billion in real estate transactions over the past 40 years. Take advantage of our expertise. Start the Conversation Buying a Home Selling a Home Jan 16 Greg Strahan 0 Latest news from VPB SUMMER 2020 SETS AN ALL TIME RECORD Greg Strahan 40 Years’ Experience. One Billion Dollars Completed Transactions. Hundreds of Happy Families. Let’s start with the biggest story of 2020. Four hundred thirty (430) families purchased 1.2 billion dollars of real estate last summer at an average selling price of $2.7 million. This surge in demand was completely unexpected after COVID-19 shut down the country with Vail Resorts closing all 34 ski areas mid- March with less than 48 hour notice. Air travel came to an abrupt stop with TSA reporting less than 4% passenger traffic passing through airport security. Travel and Leisure is heavily dependent on destination guests which led us to believe that resort real estate was dead in the water, because what family is going to buy a seven digit occasional use home without seeing it in person? The pandemic immediately forced us to prepare for another economic disruption which came on the heels of the Great Financial Crisis ten years later. Based on experience we knew what could happen making us think here we go again but with the hope of a much quicker recovery. Those very dark days began to see twinkles of light in May when another completely unexpected trend began to emerge. The phone started ringing with buyers calling about Vail Valley real estate but for two very different reasons. Fear of the virus in larger cities made social distancing intimidating and in combination with business America embracing remote working, our modern world is now forever changed. Buyers who had traditionally been interested in spending 2-4 weeks a year in our jewel of the Rockies began thinking about spending months which was unusual. This early adopter movement convinced many families that they could spend more time away from congested places in favor of better quality of life locations which unleashed a frenzy of activity that culminated in an all-time sales record for ski proximate homes in the Upper Valley and Beaver Creek adjacent neighborhoods. This newly discovered flexibility as to how people work and where they can live will be a game changer that has only just begun. Demand for best of the best places near beaches, deserts, golf, islands or mountains is going to explode as families with more money than time seek lifestyle enhancement and portfolio diversification while remaining connected to the office. Our predictions are speculative, but based upon data analyses and leading indicators the summer of 2020 pushed Eagle County volume to over three billion dollars for the first time ever convincing us that this was not an outlier event but rather a paradigm shift which by definition is rare and seldom occurs in one’s lifetime. Having been born in 1952 I have only seen three: 1) women working, 2) blue to white collar employment, and 3) technology which includes the internet with increased connectivity around the world. Paradigm shifts change the human experience with the pandemic’s most lasting impact being lifestyle and locational mobility. The Vail Valley is already a winner in this race for higher quality living with our piece of paradise being the right place, at the right time, with the right environment that will let people live longer and better provided they have the financial wherewithal to be here. As for 2021, increased pricing is almost a certainty as supported by data analytics, some of which can be found on page 2 of this newsletter or at www.vailpropertybrokerage.com which has just been updated with additional Financial Performance projections. Next summer’s story will be the lack of inventory because 430 families buying 1.2 billion dollars of ski proximate homes left us with almost nothing on the market and fewer sellers willing to part with their beloved family legacy homes. Having had more than a hundred phone conversations over the past six months most of these inquiries were curious and favored a wait and see attitude which at the time made complete sense. These on the fence” families chose to postpone any decisions until such time as the risk profile lessened but are now thinking about moving forward on the idea of a second home which differs from a vacation home with length of stay being the difference. If in fact demand transitions from days to weeks or months, then size and privacy will become more important than proximity to the ski villages in smaller cramped spaces. While this cautious approach made complete sense at the time, we worry that it will have been a drastic mistake. Demand is going to soar over the next 3-5...