Red, White and New: 5 Red-hot Real Estate Deals for the Holiday Weekend

With summer in full swing and Independence Day weekend upon us, we complied a quick list of intriguing real estate listings to check out while you’re waiting for the grill to fire up.

Kicking off the list is Nottingham Ranch, recently listed for sale in Eagle County. Coming onto the MLS at $100 million, it is one of the largest single land offerings in Eagle County’s history. Located near Burns, Colorado, the Nottingham Ranch consists of 19,493-acres, surrounded by National Forests, the Flat Tops Wilderness and Bureau of Land Management property on all sides. This trophy property is a piece of Colorado history nestled in ski country.

As Snowmass Village continues to make headlines with new commercial developments, only three new construction single family homes have been built in the Village since 2011. Two of these homes are currently listed, coming in at $6.7 million and $11.75 million. Located in a more private area of Snowmass, 180 Saddleback Lane, listed at $6.7 million, is a 6,236-square foot, five-bedroom home, with an open and inviting layout. 1061 Two Creeks Drive, on the other hand, has ski-in/ski-out access to Snowmass Ski Area with access to mountain biking, hiking trails and Aspen’s golf courses. This $11.75 million home is a KA Designworks six-bedroom, eight-bathroom, sophisticated home complete with a sunk-in hot tub and outdoor patio. Interested parties can even do a virtual reality home tour of the property.

Also in Aspen, 2900 W. Buttermilk Rd. is currently listed for $50 million and is one of the most expensive single-family homes currently listed in Colorado. The main house is 15,664-square-feet with seven bedrooms and 10 bathrooms. Accomodating the entire ski team won’t be an issue, plus you’ll be able to keep everyone’s cars and snowmobiles running all winter long with the 7,500-square-foot barn that includes a 3,000-square-foot, heated vehicle maintenance center, complete with a lift. Located adjacent to Buttermilk Ski Area, this is the only home with ski-in/ski-out access on West Buttermilk.

Exiting the mountains, you’ll find one of Denver’s first condo developments aimed at first-time home buyers in recent years. With one-bedroom units starting at $259,000, The Orpheus is looking to fill a gap in the housing market by offering affordable units targeted at young, working professionals. The midcentury-modern, 26-unit development is located in the Jefferson Park neighborhood with some Denver’s favorite restaurants and coffee shops in walking distance. The Orpheus plans to be move-in ready by the first quarter of 2018.

Lessons Learned From NAREE 2017

The National Association of Real Estate Editors (NAREE)  Conference allows real estate industry professionals and thought leaders to take the stage as the country’s leading real estate editors, reporters and consultants converge to share insights on trends and outlooks on an annual basis.

The real estate industry and its economic implications on a local, regional and national level capture the attention of seemingly everyone. In 2017, ReComm team members attended the event in one of the nation’s fastest growing markets, Denver. NAREE offered an unparalleled opportunity to access, collaborate and learn from prominent minds over three days.  We walked away with some gems that we could not wait to share.

1.     The Demand for new homes exceeds the building pace.

If there is one thing you should know about today’s real estate market, it is that inventory is low.  Due to factors such as population growth homes are not staying on the market long and builders cannot keep up with demand.  That said, consumer confidence in builders and construction remains high.

2.     The apartment supply is growing at a rapid pace

The next time you are in a metropolitan take a look around and see how many cranes dot the sky. Our country is developing apartments to fill a niche amongst millennials, but many millennials will not want to be trapped in apartments forever.  “At some point, they’ll need to get on the housing ladder,” said Marcel Arsenault, Chairman, CEO and Founder of Real Capital Solutions. This means continued demands in the single family home market for years to come and the possibility of dropping rent prices.

3.     Technology’s impact: increased accessibility and specialization

Real estate brokers and agents are notorious for being the fullest depictions of a “people person,” but historically they have done much more than just the human interaction of the sales transaction.  As technology becomes more pervasive, don’t be surprised if you see online resources become full-service and brokers and agents become more specialized as they leave things like marketing and contracts to programs and contractors.

4. The diversification of the vacation home

The ability to be more to more people is a notion that seeps into many parts of our everyday lifestyle, and that holds true for our vacation homes as well.  The idea of owning or renting a vacation home that is only good for one activity or one season has become outdated.  As we look forward take note of more homes, communities and destinations that have year-round offerings and a variety of accessible activities to entertain guests. These areas are the future of destination vacation homes.

If you are looking for an example of this check out Frost Creek.

5.  There is a shift coming

We know that is a bit vague, and in truth, we cannot guarantee future predictions, but we trust the insights of NAREE’s speakers. Some economic trends that are showing right now ensure a shift. For example, Denver has the lowest unemployment of major cities in the U.S.  There is currently more demand for workers and as we near total employment there will be major economic and real estate impacts.  Another trend we are seeing is higher inflation, likely leading to higher interest rates.

In conclusion, the real estate market is one to watch.  Regardless of your intentions of buying or selling property, real estate has far-reaching impacts, especially on our economy.

Bonus Quote:  “Twitter is only used by politicians, celebrities and people attending conferences.”

We like to think we are an exception. In our field, we deal with some brilliant minds, and every day is like being at a conference. Follow us @ReCommGlobal.