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									                         VA I L VA L L E Y R E A L E S T A T E : T H E F A C T S
   Real estate has always been a topic of conversation and debate, especially            With sales volume up and transactions down, we believe the market is
in Colorado. The media covers it ad nauseam, and people are left to pon-              “normalizing”. Vail Valley real estate and Slifer Smith & Frampton Real
der how bad or good market conditions really are in their area. One of the            Estate have both seen brisk sales in 2006 and we anticipate that to continue
key things to keep in mind is how different individual markets are fairing.           into 2007. The strong points that continue to drive our real estate market
For example, while prices continue to rise in some Colorado counties,                 continue to be the shortage of availability of land and a unique Colorado
other areas might be feeling the impact of overbuilding and falling prices.           mountain lifestyle.
This mix of market conditions raises a number of logical questions. Will                 The local real estate market in Eagle County continues to remain quite
prices continue to rise? Will there be a slow-down in sales volume? Is now            strong, with unique conditions driving the county’s success. It’s important
a good time to buy and/or sell?                                                       to keep a local focus, when making a local real estate decision. Gathering
   These are all important questions with answers that vary regionally                facts and answering important questions will help lead you to a confident
from market to market. It’s important for buyers and sellers to understand            real estate assessment for your area.
the specific conditions of their local market, and stick to the facts that will
impact them the most. Being distracted by the ups or downs of neighbor-                          ACTIVE INVENTORY COMPARISON
                                                                                                 December 1, 2001 through November 1, 2006
ing markets will only cause a person to lose their focus and their ability to
                                                                                       1,800
make the best possible real estate decision for themselves.
                                                                                       1,600
   As the experts of Vail Valley real estate, Slifer Smith & Frampton Real
                                                                                       1,400
Estate would like to offer you facts on our local market.
                                                                                       1,200
                                                                                       1,000
  • The latest information states that Eagle County is on pace with
                                                                                         800
    2005’s record selling year for real estate, indicating a very healthy
                                                                                         600
    real estate market throughout the Vail Valley.
                                                                                         400
  • Colorado mountain communities like Pitkin & Garfield Counties                        200
    (Aspen area) and Summit County (Breckenridge, Keystone and                            0-
                                                                                                        1       2        3        4       5                                                  6      6
                                                                                                    /200 2/1/200 2/1/200 2/1/200 2/1/200 /1/2006 /1/2006 /1/2006 /1/2006 /1/2006 0/1/200 1/1/200
    Frisco) have seen strong sales as well. All counties have seen an                           12/1      1       1        1        1        3       6       7        8       9        1       1
                                                                                               *Data includes active residential and land listings and was gathered from Vail Board of REALTORS MLS.
    increase in sales this year from last year.                                                **Information deemed reliable but not guaranteed.

  • Slifer Smith & Frampton Real Estate (Eagle County) closed a record
    fiscal year 2006 at $1.2 billion, providing our customers with some                          EAGLE COUNTY REAL ESTATE AVERAGE SALES PRICE
                                                                                                 1991 through 2006
    of the most experienced and knowledgeable real estate brokers                 $1,000,000
    in the Colorado high country.                                                  $900,000
                                                                                   $800,000
  • Inventory is rising modestly and has begun to level off. Level                 $700,000
    inventory is a generally a good indicator of a solid real estate market.       $600,000
                                                                                   $500,000
  • Development projects in 2006 have been strong with many projects
                                                                                   $400,000
    completely selling out.                                                        $300,000
  • Average sales prices of homes continue to climb at a steady pace over          $200,000
                                                                                   $100,000
    the last 15 years in Eagle County.
                                                                                          $-
                                                                                                ‘91   ‘92    ‘93   ‘94   ‘95    ‘96   ‘97    ‘98   ‘99    ‘00   ‘01    ‘02   ‘03    ‘04     ‘05   ‘06
  • Eagle County population is continuing to grow. Even large national                         *Data does not include timeshares. Information gathered from Land Title Guarantee Company.
    retailers are taking advantage of the trends and entering our market.                      **Information deemed reliable but not guaranteed.




                                               INSIDE THIS ISSUE
                                Cover Story: Vail Valley Real Estate: The Facts
                News: Heard Around the World • Try Something New • The Westin in Full Swing
                          New Developments Around the Valley • Calendar of Events
                                                                                         H E A R D A R O U N D T H E WO R L D
                                                                                    $1 billion- The amount that each of the people on the Forbes list of
                                                                                    “The 400 Richest Americans” had in net worth. This is the first time
                                                                                    ever that everyone on the list hit this mark.

                                                                                    30% (approximately) of the U.S. Census Bureau still RENT housing
                                                                                    according to Forbes.com. New York topped the list of most expensive
                                                                                    rentals at $26 per sq. ft. for high-end apartments (twice the national
                                                                                    average of $14.53 per sq. ft.).

                                                                                    #6 is where Edwards, Colorado was on the list of The Top 10
                                                                                    “America’s Dreamtowns,” according to Bizjournals.com. The survey
                                                                                    was measured by the growth of small businesses and the number of
                                                                                    small businesses per 1,000 residents, income growth, property tax
                                                                                    burden, education level of the population and housing affordability.

                                                                                    70 years old is when most baby boomers say they will quit working
                                                                                    while 27% of the group says they never intend to stop working at all.

                                                                                    In October 2006 USA Today said from 2000-2005 median home values
                                                                                    soared 32% while the national median income adjusted for inflation
                                                                                    dropped from $47,599 in 2000 to $46,326 in 2005.

                                                                                    14 times- SKI Magazine readers said Vail Mountain is the No. 1 ski resort
                                                                                    in North America for the 14th time since the survey began in 1988. The
                                                                                    survey is the longest running ski resort survey in the winter sports industry.



                                                                                         THE WESTIN IN FULL SWING
                                                                                   The landmark Westin Riverfront Resort & Spa was off to a robust start
                                                                               this past September with a one-day sales event resulting in over 50 sales
                                                                               contracts on residences at the new resort on the Eagle River.
                                                                                   “This is an extremely healthy initial release,” said East West Partners’
                                                                               Chuck Madison. East West is the Beaver Creek-based developer of the
                                                                               distinctive new resort that will connect Avon to the Eagle River and Beaver
                                                                               Creek ski mountain via the new Riverfront Express Gondola. “We are very
                                                                               pleased with the brisk sales pace and the incredibly strong levels of interest
                                                                               we are seeing. It’s a good indication of the market’s acceptance for one-of-
                                                                               a-kind luxury properties like this one,” added Madison.
                                                                                   The initial release included a variety of residences, ranging from “studio
                                                                               suites” with fireplaces and luxurious bathrooms, to multi-million dollar
            TRY SOMETHING NEW                                                  penthouses – all featuring signature Westin amenities like the Heavenly Bed®
                                                                               and Heavenly Shower®. Prices of residences in the initial sales release ranged
Not everyone thinks “skiing and snowboarding” when planning a trip             from $356,000 to $2.3 million. Many of the residences have spectacular
to the Colorado high country. In fact, who says you even have to strap         views of the Eagle River and Beaver Creek ski mountain.
on a pair of skis or a snowboard to have fun? There are plenty of other            The Westin provides convenience where owners can literally walk out of
options for those who don’t much care for sliding down the slopes:             their door and hop on a gondola to the ski mountain. This convenience,
                                                                               combined with the views and great amenities of a full-service Westin Hotel
                                                                               is a combination unique to the Vail Valley.
The Vail Valley boasts some of the world’s finest and most unique shops            Nearly 100 people attended the one-day sales launch celebration, held at
and stores, offering fine art, fashion, jewelry, antiques and much more.       Vail’s Larkspur restaurant. The
                                                                               acclaimed Larkspur team is set to oper-
All kinds of food and dining experiences give patrons the chance to sit        ate Watermark, the feature restaurant at
and relax in a cozy setting while their loved ones enjoy the fresh powder.     the Westin. The event was capped off by
                                                                               a lottery selection process for the nearly
For those who want to enjoy the outdoors, but not necessarily on skis or       40 residences that received multiple
a snowboard, there are plenty of other activities including                    offers from buyers.
snowmobiling, snowshoeing, horseback rides and ice skating.                        Construction is proceeding at a
                                                                               rapid pace at the Westin Riverfront
                                                                               Resort and Spa, with several stories of
A relaxing day off the slopes provides more energy for the Vail Valley’s       pre-cast concrete already erected and
active nightlife, with plenty of restaurants, bars and concert venues to       the towers and terminals for the
choose from.                                                                   Riverfront Express Gondola complete.
                                                                               Additionally, the Town of Avon recently
Many visitors to the Vail Valley like to spend their days checking out         received final approval from the Public
other Colorado destinations, including neighboring mountain towns              Utilities Commission for the railroad
and planning trips into Denver. This gives them the chance to                  crossings needed to connect the Town
experience everything Colorado has to offer.                                   to the gondola, river and the Westin.




                                                    UNWRAPPING SSF IN 2006

  The Vail Board of REALTORS chooses an SSF broker as REALTOR® of the Year for the third year in a row.
  Who’s Who in Luxury Real Estate names SSF’s marketing the “Best Overall Marketing Package” at its annual fall conference in Chicago.
  Three SSF brokers are recognized in Real Trends/ Wall Street Journal’s Real Estate Top 200.
  www.VailRealEstate.com is re-designed and wins its 2nd Web Award. New mapping technologies also put the website above all others around the area.
  The Summit County division of SSF moves into 2nd place in their area for market share.
  Record Sales Year for fiscal year 2005/2006 for both Eagle County SSF- $1.2 billion & Summit County- $232 million.
                                                       NEW DEVELOPMENTS
                                                          A R O U N D T H E VA L L E Y




                      Vail                                             Beaver Creek                                       Red Sky Ranch
                                                                                                               JUNIPER TRAIL
 TIMBERLINE LODGE                                       VILLAGE WALK                                           Twenty-seven single family enclave homes within
 A mountain lodge theme in the interior and             Twenty-six ski-in/ ski-out custom homes in             the gates of prestigious Red Sky Ranch Golf
 exterior design, complementing the                     Beaver Creek Village. Three residences remain.         Club. Residences feature a new ideal of
 extraordinary vistas from the property.                Available for occupancy Summer 2007.                   indoor/outdoor living spaces, with banks of
 Twenty-two 2-bedroom condominiums offering             Starting from $5,795,000.                              windows and telescoping doors opening to
 interiors by Slifer Designs. Excellent amenities                                                              terraces and showcasing magnificent mountain
 package including community room, gym, hot                                                                    and golf course views. Nine homes in first phase
 tubs, covered parking and shuttle service to Vail      THE RESIDENCES AT PARK HYATT                           still available, starting from $1,850,000 for
 Mountain. All priced below $1 million and              BEAVER CREEK ®                                         3 bedrooms, 3.5 baths.
 scheduled for late 2008 completion.                    Fifteen 2- and 3-bedroom residences. Ski-in/
                                                        ski-out. Residences include all amenities of the
                                                        Park Hyatt with $20 million in renovations. A                        Eagle Ranch
 FOUR SEASONS                                           1/20th deeded share plus up to 10 float days.
 Sixteen private residences in Vail Village with                                                               LIVE-WORK
                                                        Approx 65% Sold Out. Available for occupancy,
 world renowned amenities and quality.                                                                         New concept to Eagle Ranch Village, opportunity
                                                        December 23rd 2006. Starting at $65,000.
 Construction underway for completion in 2009.                                                                 to own a commercial space on first level and a
 Eight residences remain. Pricing from                                                                         2-bedroom apartment on the second level.
                                                                                                               Duplex style, all corner units. Only 2 units left
 $7,000,000 to $16,000,000.
                                                                  Riverfront Village                           remain. Pricing from $594,000.

                                                                                                               FRONTGATE AT EAGLE RANCH
 THE LODGE AT VAIL CHALETS                              THE WESTIN                                             Brand new townhomes under construction.
 These exclusive homes, ranging in size from            210 condominiums from Studio Suites to                 Walk to park, Village and school. Two bedrooms,
 3,700 - 5,100 square feet, are immediately             3-Bedroom Residences, new Riverfront Express           carport, Completion in spring 2007. Pricing
 adjacent to the Vista Bahn Express Lift, Vail          Gondola connecting the project to Beaver Creek         from $325,000.
 Village and a planned new skier services facility.     Mountain, the Anjali Spa, Fitness and Wellness
 A full complement of luxury services from the          Center, Watermark - a new and exciting dining          REDSTONE AT EAGLE RANCH
 Lodge at Vail are available, including the             experience from the creators of Larkspur               Townhomes, new construction, completion in
 proposed new Avanyu Spa. Pricing upon request.         Restaurant in Vail, Café/Market, Concierge, Bell       December 2006. Three bedrooms, unfinished
                                                        & Front Desk, Room Service, Housekeeping               basement, 1-car garage. Pricing from $387,000.
                                                        Service, Ski Valet, Long-Term Ski Storage, 25
 TORZETTO                                               Meter Heated Lap Pool, 3 Hot Tubs, and more.           AIDAN’S MEADOW
 Six luxury duplex residences located in East           This is a full-service hotel with a complete           Single family residences starting at $643,900.
 Vail. Spacious 2-car garages with ski storage and      package of hotel amenities and services. All
                                                        residences are for sale and may be included in a       HIGHLANDS AT EAGLE RANCH
 2 master suites in each home. Completion
                                                        rental program. Approximately 25 Residences            Custom Single Family Homesites. Starting at
 scheduled for late 2007 or early 2008. Pricing
                                                        and 30 Studio Suites remaining in Phase 1.             $231,500.
 between $2,995,000 to $3,255,000.
                                                        Available for occupancy in Summer 2008.
                                                        Starting around $360,000.                                                  Eagle
 WEST LIONSHEAD
 Transforming and expanding LionsHead, this
                                                                                                               BRUSH CREEK VILLAGE
 exciting new pedestrian-friendly development
 area is proposed to include a new ski lift to Vail
                                                                     Bachelor Gulch                            A brand new proposed private community of 2,
                                                                                                               3 and 4 bedroom residences in Eagle located just
 Mountain, new residential and retail opportunities,                                                           steps from the ice rink and adjacent to Eagle
 relocation of South Frontage Road and additional       THE RESIDENTIAL SUITES AT THE                          Ranch. Reservations starting in early January.
 public parking.                                        RITZ-CARLTON ® BACHELOR GULCH
                                                        A limited number of wholly owned condominium
                                                        suites enhanced by the legendary service and
                                                                                                                              Breckenridge
                                                        amenities Ritz-Carlton® offers. True ski-in/ ski-out   CRYSTAL PEAK LODGE
                                                        residences in one of the finest all-season resort      Situated right on the beachfront of Peak 7 in
                                                        communities. Pricing Upon Request.                     Breckenridge, Crystal Peak Lodge offers 46
                                                                                                               ski-in/ski-out residences built with the highest
                                                                                                               level of architectural craftsmanship and
                                                                                                               meticulous quality in Colorado’s most desirable
     Slifer Smith & Frampton Real Estate is proud to be the exclusive                                          setting. Owners will be steps away from the new
                                                                                                               BreckConnect gondola and proposed relocation
         listing brokerage for many developments in the Vail Valley.                                           site of Independence SuperChair. Sales are
                                                                                                               scheduled to begin in December ‘06 with
               For more information please feel free to contact me.                                            construction in Spring ’07. Visit the Preview
                                                                                                               Center at Peak 8 to view models, renderings
                                                                                                               and floor plans.




                                                     Colorado’s Transportation Leader. Our transportation partner, Colorado Mountain Express, is pleased to
offer you a 15% discount on your next shuttle or private chauffeured airport transfer. CME offers numerous daily shuttle departures to/ from the Vail Valley,
Summit County, Aspen/Snowmass, Denver International and Eagle County airports. CME Premier transportation provides for luxury, private chauffeured travel
in Cadillac sedans and Suburbans. When placing reservations please use the discount code “6SSF” to receive your 15% discount.
For reservations go to www.ridecme.com or call 1-800-525-6363.
                                                                                         ONGOING WINTER EVENTS

                                                                                                Streetbeat Concert Series
                                                                                           Wednesdays, November 29-April 11


                                                                                                 Minturn Winter Market
                                                                                            Saturdays starting December 16




                                         CALENDAR OF EVENTS

DECEMBER                                       JANUARY                                        MARCH
Nov 26-3 Visa Birds of Prey World Cup          7       Snowshoe Series                        1-4      Humor on the Slopes
         Beaver Creek Mountain                         Beaver Creek Mountain                           Beaver Creek Mountain
14       Adventure Ridge Grand Opening         10-14   Honda Session Snowboard Event          4        Jeremy Wright North American
         Eagle’s Nest                                  Golden Peak                                     Snowshoe Championship
                                                                                                       Beaver Creek Mountain
16       Avon’s “Icing on the Lake”            19-21   The Talons Challenge
         Nottingham Park                               Beaver Creek Mountain                  21-25    Countrywide American Ski Classic
                                                                                                       Golden Peak
16       Free Concert & Street Party w/        27      Mountain Dew Vertical Challenge
         Mix Master Mike of the Beastie Boys           Vail Mountain                          31       Snowshoe Shuffle
         Vail Village                                                                                  Beaver Creek Mountain
                                               30      George Winston in Concert
16       Vail Snow Daze                                Vilar Center                           3/29-4/1 Vail Film Festival
                                                                                                       Vail Mountain, Lionshead,
20       Parkology Competition                 FEBRUARY                                                Golden Peak, Vail Village, Cascade
         Beaver Creek Mountain
                                               1-3     Culinary Classic &
                                                                                              APRIL
31       New Year’s Eve Extravaganza                   Celebrity Chef Ski Race
         Golden Peak                                   Beaver Creek Mountain                  1-15     Spring Back to Vail
31       New Year’s Eve Celebration            10      Mountain Dew Vertical Challenge        2        Pete Seibert’s Vail Mountain Marathon
         & Fireworks                                   Vail Mountain
                                                                                              11-15    Taste of Vail
         Beaver Creek Village
                                               11      Snowshoe Series
                                                                                              15       Beaver Creek Mountain Closing Day
                                                       Beaver Creek Mountain
                                                                                              15       Vail Mountain Closing Day
                                               17-20   Vail’s Mardi Gras

								
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