The 2011 Slifer Report

tHe sliFeR RePoRtvail valley real eState2011 annual market review

vailrealeState .com

table of contentS

Introduction ...........................................................3

Eagle County Overview ......................................4-5

Vail Village & Lionshead .........................................6

Vail Golf Course, Spraddle Creek

& Cascade Village ..................................................7

Vail - All Other Areas .............................................8

EagleVail .................................................................9

Avon & Wildridge ................................................ 10

Mountain Star ...................................................... 11

Singletree ............................................................. 12

Beaver Creek Village ............................................ 13

Bachelor Gulch Village ......................................... 14

Arrowhead Village ............................................... 15

Edwards, Homestead

& Lake Creek Valley .............................................16

Cordillera, Cordillera Valley Club

& Timber Springs .................................................17

Wolcott, Bellyache Ridge

& Red Sky Ranch ..................................................18

Eagle & Eagle Ranch ............................................19

Gypsum, Cotton Ranch

& Buckhorn Valley ................................................20

Homesite Sales................................................21-22

SSF Information & Offi ce Listings ...................23-24

2011 Slifer report 3

Has tHe real estate market Hit tHe bottom in tHe Vail Valley? That is the question

I get asked the most these days and it is the hardest to answer. Prices have certainly come down significantly from the

peak in 2007 but timing the bottom in any market, not just real estate, is nearly impossible. By the time the bottom

has been reached, prices have already started to increase and savvy buyers have plucked the prime properties and

best values from the inventory.

In 2011, there were 1,357 total transactions in Eagle County which was 9% above 2010. That number of deals is 45%

above 2009. Sales volume for 2011 ended at $1,158,048,856 which was down 23% from 2010 but was an increase of

29% over 2009.*

The overall average sales price in 2011 was $857,858. As you can see in the following graphs, Eagle County is at 2006

average price levels. The average sales price decreased as bank sales rose. Gypsum had the most bank-owned sales

with 95 while Eagle had 73. In contrast, there were 11 in Vail and 2 in Beaver Creek.

According to numbers compiled by Land Title Guarantee Company, after taking the appreciation and depreciation

since 1987 there has been an overall average appreciation of 7.71% each year.

The high-end market saw 40 residential sales over $4 million per the Vail MLS for a total of $266,859,750. The highest

sale of 2011 was a Slifer Smith & Frampton listing in Vail that sold for $12.5 million. There was one residential homesite

sale over $4 million in Eagle County which sold in Vail for $6.825 million and was also a Slifer Smith & Frampton listing.

There are a number of factors that we are watching in 2012 that we believe will benefit the Vail Valley. Mortgage

rates are at the lowest levels and availability of credit still continues to loosen. Inventory levels reached a 4 year low

in January 2012 at 1,441 including residential and land and remains stable. Our local economy continues to improve

compared to other resort markets.

Optimistic. That is the word I would like to end with. Last year we said we were cautiously optimistic and this year I am

removing the word cautiously. We expect that the real estate market in 2012 will outperform last year.

This year also marks the 50th year anniversary of Slifer Smith & Frampton. The Vail Valley has changed dramatically

since 1962, so has real estate. Each market has brought new challenges but also opportunities. As we reflect on the

past five decades in business we are excited about the road ahead.

With Warm Regards,

Jim Flaum

President and Managing Broker

Slifer Smith & Frampton Real Estate

*Eagle County numbers compiled by Land Title Guarantee Company

Source of all data contained in this report is the Vail Board of Realtors, Multiple Listing Service. Information is deemed reliable but not guaranteed. Consult your Slifer Smith & Frampton Broker for more information. ©2012 Slifer Smith & Frampton Real Estate

2011 Slifer report4

0

1,000

2,000

3,000

4,000

5,000

NU

MB

ER

OF

TR

AN

SA

CT

ION

S

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

2,3342,597

3,293

4,023

3,115

2,688

1,606

9381,250 1,357

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

BIL

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2002 2003 2004 2005 2006 2007 2008 2009 2010

$1.471$1.499

$2.225

$2.800 $2.754

$2.960

$2.235

$0.898

$1.497

2011

$1.158

eagle count y overview

tr anSac tion volume compariSon

SaleS volume compariSon



$0

$300,000

$600,000

$900,000

$1,200,000

$1,500,000

SA

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S P

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$130

,000

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

$250

,593

$638

,056

$566

,615

$696

,060

$1,3

91,6

06

$1,1

07,6

60

$1,1

97,7

38

$857

,858

500

700

900

1,100

1,300

1,500

1,700

1,900

2,100

2,300

2,500

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2010

2011

2001

2002

2003

2004

2005

2006

2007

2009

2008

eagle count y overview

aver age SaleS price

ac tive l iSt ing inventory


2011 Slifer report6

vail village & lionShead

SaleS volume no. of SaleSaverage dayS

on marketaverage Sale median Sale

2007 $125,617,500 18 593 $6,978,750 $6,500,000

2008* $185,425,000 16 250 $11,589,063 $12,300,000

2009** $24,250,000 3 231 $8,083,333 $5,450,000

2010 $16,887,000 3 548 $5,629,000 $5,400,000

2011 $42,650,000 5 266 $8,530,000 $7,500,000

Single-family/duplex



2007 $88,814,050 39 177 $2,277,283 $1,565,000

2008* $468,767,448 132 710 $3,551,269 $2,895,000

2009 $70,967,000 35 357 $2,027,629 $1,300,000

2010** $339,371,812 108 499 $3,142,332 $2,450,000

2011† $187,149,130 67 307 $2,793,271 $2,301,605

condominium / townhome

Single-family/duplex condominium/townhome

2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $1,387 $2,189 $1,943 $1,324 $1,907 average $1,630 $1,388 $1,234 $1,468 $1,338

price per Square foot compariSon


average of Sale price/laSt liSted price 84.63% average of Sale price/laSt liSted price 88.27%

Sale pr ice vS l iSt pr ice compariSon

*Includes 12 duplex sales from The Chalets at the Lodge At Vail in 2008. **There were three duplexes and no single-family sales in 2009.

*Includes 80 Condominium Sales from The Arrabelle at Vail Square in 2008. **Includes 18 condomimium sales at Solaris at Vail in 2010 for $124,821,736.Includes 15 condominium sales at The Ritz Carlton, Vail in 2010 for $44,177,216. †Includes 16 condominium sales at The Ritz-Carlton, Vail for $52,690,000.



vail golf courSe, Spraddle creek & caScade village



2007 $32,007,500 10 393 $3,200,750 $2,800,000

2008 $18,199,000 4 196 $4,549,750 $3,824,500

2009* $5,520,000 3 175 $1,840,000 $2,000,000

2010 $18,750,000 5 228 $3,750,000 $4,050,000

2011* $15,000,000 3 219 $5,000,000 $3,200,000




2007 $44,541,540 25 291 $1,781,662 $1,845,000

2008 $10,544,000 7 172 $1,506,286 $1,549,000

2009 $8,230,000 5 159 $1,646,000 $1,795,000

2010 $5,845,000 4 507 $1,461,250 $1,550,000

2011 $9,089,000 7 327 $1,298,429 $1,500,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $772 $1,163 $531 $669 $1,113 average $921 $867 $908 $832 $685





*There were three duplex and no single-family sales in 2009 and 2011.


2011 Slifer report8

vail - all other areaS



2007 $73,916,500 37 237 $1,997,743 $1,551,000

2008 $68,286,350 37 234 $1,830,104 $1,675,000

2009 $53,015,475 33 268 $1,606,530 $1,400,000

2010 $76,640,500 46 325 $1,666,098 $1,500,000

2011 $58,861,385 42 308 $1,401,462 $1,112,500




2007 $56,569,329 100 135 $565,693 $550,000

2008 $37,085,500 70 169 $529,793 $529,750

2009 $20,823,900 44 198 $473,270 $423,750

2010 $35,112,000 71 337 $494,535 $430,000

2011 $35,852,885 81 222 $442,628 $380,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $602 $571 $454 $442 $404 average $507 $491 $409 $375 $357









2007 $27,244,500 30 144 $908,150 $797,000

2008 $18,307,900 22 194 $832,177 $715,000

2009 $6,761,250 11 248 $614,659 $535,000

2010 $14,833,000 22 251 $674,227 $565,750

2011 $17,460,000 22 160 $793,636 $525,000




2007 $20,358,600 42 147 $484,730 $448,000

2008 $8,820,500 21 194 $420,024 $400,000

2009 $5,970,250 15 146 $398,017 $380,000

2010 $7,317,074 21 200 $348,432 $307,000

2011 $7,216,770 25 151 $288,671 $299,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $335 $326 $283 $256 $221 average $325 $328 $261 $252 $214





eaglevail


2011 Slifer report10

avon & wildridge



2007 $36,753,555 35 216 $1,050,102 $970,000

2008 $14,358,870 11 229 $1,435,887 $1,500,000

2009 $10,853,616 11 306 $986,692 $900,000

2010 $8,998,250 13 283 $692,173 $675,000

2011 $7,381,700 11 131 $671,064 $515,000




2007 $38,177,554 89 123 $444,269 $335,000

2008 $117,489,774 159 520 $738,929 $479,750

2009 $13,123,500 29 395 $452,534 $360,000

2010 $56,476,141 123 689 $459,156 $321,750

2011* $47,941,568 109 127 $439,831 $399,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $329 $354 $268 $229 $207 average $374 $859 $416 $397 $331





*Includes 41 sales at THE ASCENT for $25,709,000.





2007 $12,075,000 3 474 $4,025,000 $4,000,000

2008 $3,750,000 1 812 $3,750,000 $3,750,000

2009 $21,980,000 3 299 $7,326,667 $3,600,000

2010 $12,100,000 3 579 $4,033,333 $4,200,000

2011 $9,870,000 3 507 $3,290,000 $3,500,000



2007 2008 2009 2010 2011

average $576 $481 $822 $575 $570



average of Sale price/laSt liSted price 92.68%


mountain Star



Singletree



2007 $60,828,763 60 159 $1,013,813 $892,138

2008 $33,966,750 28 213 $1,213,098 $960,000

2009 $26,804,136 27 212 $992,746 $870,000

2010 $17,811,260 21 297 $848,155 $730,000

2011 $25,744,687 29 252 $887,748 $755,000




2007 $1,591,400 3 136 $530,467 $524,900

2008 $2,845,800 4 205 $711,250 $697,500

2009 $1,817,000 3 294 $605,667 $535,000

2010 $2,481,500 5 403 $496,300 $450,000

2011 $2,343,000 4 337 $585,750 $650,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $357 $373 $302 $274 $264 average $419 $364 $381 $314 $268









2007 $175,922,657 32 493 $5,497,592 $4,832,500

2008 $78,716,106 16 328 $4,919,757 $5,112,500

2009 $28,100,000 4 137 $7,025,000 $4,850,000

2010 $81,017,000 13 262 $6,232,077 $5,567,000

2011 $28,481,000 8 481 $3,560,125 $2,850,000




2007 $195,311,150 132 354 $1,479,630 $1,402,400

2008 $82,715,282 49 212 $1,688,067 $1,350,000

2009 $57,961,081 30 302 $1,932,036 $1,721,791

2010 $95,016,000 54 287 $1,759,556 $1,472,500

2011 $79,669,000 59 339 $1,350,322 $1,083,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $904 $873 $937 $845 $635 average $812 $892 $785 $781 $673





beaver creek village



bachelor gulch village



2007 $87,675,000 12 214 $7,306,250 $6,850,000

2008 $37,425,000 4 263 $9,356,250 $9,550,000

2009 $35,500,000 5 421 $7,100,000 $6,750,000

2010 $13,750,000 2 403 $6,875,000 $6,875,000

2011 $66,398,750 10 521 $6,639,875 $7,050,000




2007 $111,404,500 50 276 $2,228,090 $2,096,250

2008 $68,324,000 25 220 $2,732,960 $2,350,000

2009 $20,900,000 9 341 $2,322,222 $2,150,000

2010 $28,415,200 14 454 $2,029,657 $1,750,000

2011 $32,378,000 15 410 $2,158,533 $2,000,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $992 $1,115 $980 $895 $877 average $1,155 $1,240 $832 $781 $784









2007 $111,158,261 37 173 $3,004,277 $2,600,000

2008 $66,654,500 16 257 $4,103,406 $3,531,250

2009 $54,825,000 20 319 $2,741,250 $1,992,500

2010 $38,475,000 20 367 $1,923,750 $1,662,500

2011 $55,607,500 26 412 $2,138,750 $1,650,000




2007 $39,112,004 27 240 $1,448,593 $1,337,500

2008 $22,916,000 18 182 $1,273,111 $1,242,500

2009 $11,406,500 14 259 $814,750 $680,000

2010 $13,243,500 17 352 $779,029 $585,000

2011 $9,201,500 11 238 $836,000 $900,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $577 $666 $547 $439 $428 average $710 $671 $520 $501 $459





arrowhead village



edwardS, homeStead & lake creek valley



2007 $72,051,361 59 207 $1,221,210 $895,000

2008 $34,683,062 27 264 $1,284,558 $899,000

2009 $19,346,625 15 389 $1,289,775 $800,000

2010 $27,309,220 22 274 $1,241,328 $955,000

2011 $20,417,000 19 256 $1,074,579 $750,000




2007 $40,797,143 85 112 $479,966 $460,000

2008 $16,498,639 37 170 $445,909 $417,000

2009 $10,724,750 26 192 $412,490 $377,500

2010 $9,584,000 25 253 $383,360 $335,000

2011 $8,439,860 29 253 $291,030 $267,110



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $341 $438 $297 $331 $267 average $343 $340 $305 $275 $209









2007 $133,178,745 55 263 $2,421,432 $2,340,000

2008 $68,640,000 32 311 $2,145,000 $1,865,000

2009 $59,948,500 31 330 $1,933,823 $1,620,000

2010 $84,530,400 45 334 $1,878,453 $1,700,000

2011 $32,366,000 22 425 $1,471,182 $1,225,000




2007 $1,300,000 1 353 $1,300,000 $1,300,000

2008 N/A N/A N/A N/A N/A

2009 $1,680,000 2 394 $840,000 $840,000

2010 N/A N/A N/A N/A N/A

2011 $1,087,000 1 362 $1,087,000 $1,087,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $433 $419 $362 $337 $280 average $348 N/A $189 N/A $194





cordillera, cordillera valley club & timber SpringS



wolcott, bellyache ridge & red Sky ranch



2007 $1,399,000 2 223 $699,500 $699,500

2008 $2,677,620 1 615 $2,677,620 $2,677,620

2009 $2,725,000 3 320 $908,333 $1,000,000

2010 $26,458,500 12 268 $2,204,875 $2,215,000

2011 $11,468,170 10 211 $1,146,817 $1,076,335



2007 2008 2009 2010 2011

average $312 $774 $261 $365 $256



average of Sale price/laSt liSted price 89.64%






2007 $72,426,065 90 236 $804,734 $739,780

2008 $46,788,796 66 189 $708,921 $688,650

2009 $29,942,347 44 274 $680,508 $512,500

2010 $32,740,010 59 288 $554,915 $480,500

2011 $36,400,400 79 160 $460,765 $419,900




2007 $33,437,137 87 259 $384,680 $382,675

2008 $15,934,642 41 235 $388,650 $370,000

2009 $6,524,750 20 255 $326,238 $317,500

2010 $8,947,275 33 225 $271,130 $267,000

2011 $9,120,200 50 212 $182,404 $170,000



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $254 $253 $221 $185 $151 average $284 $282 $223 $178 $134





eagle & eagle ranch



gypSum, cotton ranch & buckhorn valley



2007 $58,341,399 120 178 $486,178 $447,500

2008 $37,342,846 86 200 $434,219 $404,000

2009 $13,235,647 35 237 $378,161 $350,000

2010 $17,395,694 52 175 $334,533 $324,250

2011 $15,936,365 64 137 $249,006 $237,000




2007 $5,033,900 16 88 $314,619 $304,500

2008 $1,992,500 8 98 $249,063 $247,500

2009 $2,812,225 11 211 $255,657 $265,000

2010 $778,800 5 68 $155,760 $160,000

2011 $1,926,800 18 92 $107,044 $99,950



2007 2008 2009 2010 2011 2007 2008 2009 2010 2011

average $236 $215 $193 $153 $125 average $240 $246 $185 $114 $82







area name l iSt pr ice Sold price Sold dateBeaver Creek $1,200,000 $1,025,000 5/23/11Beaver Creek $973,000 $825,000 10/19/11Bellyache Ridge Wolcott $295,000 $240,000 5/19/11Bellyache Ridge Wolcott $395,000 $300,000 4/20/11Bellyache Ridge Wolcott $425,000 $260,000 11/3/11Bellyache Ridge Wolcott $695,000 $550,000 2/28/11Bellyache Ridge Wolcott $695,000 $500,000 7/1/11Bellyache Ridge Wolcott $275,000 $225,000 9/1/11Bellyache Ridge Wolcott $595,000 $495,000 5/26/11Bellyache Ridge Wolcott $495,000 $380,000 12/16/11Singletree $285,000 $285,000 5/6/11Singletree $290,950 $215,000 1/5/11Singletree $329,000 $265,000 12/22/11Singletree $399,979 $285,000 9/29/11Singletree $239,000 $208,000 9/22/11Fulford $19,000 $19,000 1/31/11Fulford $19,000 $19,000 1/31/11Fulford $50,000 $40,000 10/14/11Cordillera $345,000 $200,000 5/24/11Cordillera $199,000 $100,000 3/23/11Cordillera $114,900 $111,000 3/28/11Cordillera $297,500 $123,750 9/20/11Cordillera $135,000 $120,000 8/19/11Cordillera $125,000 $110,000 12/28/11Colorow at Squaw Creek $585,000 $250,000 10/17/11Cotton Ranch $26,000 $23,000 9/30/11Cotton Ranch $25,000 $20,000 12/23/11Cotton Ranch $35,000 $25,000 12/23/11Cordillera Valley Club $1,200,000 $875,000 4/29/11Cordillera Valley Club $750,000 $562,500 5/10/11Dotsero Colorado River River Rd $389,000 $360,000 12/13/11Dotsero Colorado River River Rd $299,000 $247,500 11/28/11Eagle $225,000 $155,000 8/16/11Eagle Ranch $59,000 $45,000 12/16/11Eagle Ranch $30,000 $26,500 12/13/11Eagle Ranch $99,000 $92,500 3/23/11Eagle Ranch $180,000 $155,000 2/21/11Eagle Ranch $49,000 $43,000 9/22/11Eagle Ranch $149,000 $145,000 6/2/11Eagle Ranch $85,000 $76,000 8/8/11Eagle Ranch $81,900 $57,500 4/11/11Eagle Ranch $134,900 $110,000 4/25/11Eagle Ranch $69,900 $69,000 6/23/11Eagle Ranch $99,000 $92,500 8/10/11Eagle Ranch $65,000 $55,000 7/27/11EagleVail $279,000 $199,000 12/1/11EagleVail $199,000 $215,000 6/3/11Edwards $4,985,000 $3,900,000 12/22/11Gypsum $25,000 $22,500 10/10/11Gypsum $25,000 $22,500 10/10/11Gypsum $900,000 $700,000 8/10/11Gypsum $60,000 $42,500 1/18/11

continued on following page

homeSite SaleS


22

Gypsum $1,900,000 $1,775,000 5/23/11Gypsum $49,000 $40,000 10/11/11Gypsum $39,000 $32,000 12/23/11Gypsum Valley Brightwater $48,000 $38,000 2/25/11Gypsum Valley Brightwater $120,000 $100,000 7/7/11Gypsum Valley Brightwater $29,900 $22,500 9/7/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $85,000 $59,125 2/10/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $15,000 $15,000 9/1/11Gypsum Valley Brightwater $46,000 $35,750 5/17/11Gypsum Valley Brightwater $40,000 $40,000 5/20/11Gypsum Valley Brightwater $39,000 $27,500 9/12/11Gypsum Valley Brightwater $39,000 $27,500 9/12/11Gypsum Valley Brightwater $20,000 $10,000 6/28/11Gypsum Valley Brightwater $29,900 $24,500 9/19/11Gypsum Valley Brightwater $25,000 $26,000 11/14/11Gypsum Valley Brightwater $28,000 $28,000 11/8/11Redcliff $52,370 $44,000 9/21/11NW Eagle County $1,500,000 $980,000 2/18/11NW Eagle County $799,000 $690,000 8/4/11NW Eagle County $2,750,000 $2,200,000 8/23/11Out of County $1,950,000 $1,950,000 1/25/11Out of County $150,000 $145,000 2/17/11Out of County $795,000 $813,000 12/15/11Out of County $199,000 $180,000 10/7/11Out of County $640,000 $620,000 9/20/11Sandstone Lionsridge $895,000 $250,000 10/31/11Sandstone Lionsridge $519,000 $445,000 8/30/11Sandstone Lionsridge $519,000 $510,000 8/11/11Vail Village $8,100,000 $6,825,000 10/13/11

total land SaleS in 2011 $33,755,125

area name l iSt pr ice Sold price Sold date

homeSite SaleS continued from previouS page

VailRealestate.com

2011 Slifer report


VailRealestate.com

SSF

Compet

itor 1

Compet

itor 2

Compet

itor 3

Compet

itor 4

Compet

itor 5

Compet

itor 6

Compet

itor 7

$0

$200

$400

$600

$800

$1,000

MIL

LIO

NS

$862

$53

$177

$99

$20$32$35

$144

Based on VBOR MLS residential and land sold data from 1/1/11 thru 12/31/11. Sell sides and list sides combined for totals. Includes closest competitors only.

Today’s real estate market can be extremely complicated. Now more than ever it is important that you work with the market experts. Slifer Smith & Frampton Real Estate has a 50-year perspective and

over 100 seasoned Vail Valley real estate brokers.

Whether you are maximizing exposure to sell your home or seeking the best values in our resort market, clients across the globe trust the Vail Valley’s leading real estate company.

The mosT TrusTed name in Vail Valley real esTaTe for 50 years

cloSed SaleS volume 1/1/11–12/31/11

vailre aleState .comvailre aleState .com

vail

Bridge Street

970.476.2421 | 800.544.2421

Solaris

970.477.5720 | 888.412.6620

Lionshead

970.479.0245 | 866.639.8245

The Lodge at Vail

970.390.7473

avon

Corporate Offi ce

970.845.2000 | 888.692.7360

Mountain Star

970.748.5545

The Westin Riverfront

970.748.5420 | 888.748.5420

cordiller a

The Divide

970.926.3505 | 800.624.0632

vill ageS ofbeaver creek Arrowhead970.926.3000 | 800.535.8882

Bachelor Gulch Village970.845.2300 | 888.677.8380

Highlands Lodge970.845.9403

Park HyattPromenade and Lobby970.845.9400 | 800.944.9050

St. James Place970.845.9900 | 888.773.8858

The Charter970.845.3815

Vacation Ownership Center970.949.5811 | 800.962.5920

wolcot tRed Sky Ranch970.754.8411 | 877.973.3759

eagleEagle Ranch970.328.2550 | 877.328.2550

slifer smiTh & framPTon real esTaTe offiCes

for further real eState market information pleaSe viSit uS

at the following locationS throughout the vail valley:

The 2011 Slifer Report

Documents

Transcript of The 2011 Slifer Report