in this issue >>

Real estate market update 2

Market watch 4

On the web 5

By the numbers 6

Plan for summer 7

Winter fl ights to Eagle County 7

New developments around the Vail Valley 8

Calendar of events 10

winter 2008-2009

www.VailRealEstate.com

inSiDe eDGe

SLiFer SMitH & FrAMPtOn reAL eStAte

News from the most trusted name in Vail Valley real estate since 1962

2 | inSiDe eDGe

Real estate market updateIt’s no secret that the American economy has been

on a roller coaster ride this past year. One day the

stock market takes a jaw-dropping dip and the next

minute our gas prices return to more reasonable

levels giving us hope that economic conditions will

improve soon.

While it’s impossible to predict when our overall economy will improve and become

stable on multiple fronts (including the real estate market), it is possible to look

at history and fi nd comfort in how well the Eagle County real estate market has

performed and continues to perform. While the national economy has taken us on a

wild ride, Eagle County real estate is more reminiscent of a pleasant Sunday drive.

Year-to-date through October 2008, Eagle County statistics show 1,384 transactions

have closed county-wide with a total sales volume of approximately $1.8 billion.

These numbers are down from record sales year 2007 and very similar to sales dollar

winter 2008-2009 | 3

volume levels seen in 2004 by the county. While the

numbers are off from the same timeframe a year

ago (2,349 transactions closed and $2.5 billion in

sales volume), those were record numbers for Eagle

County. During the past year, our local real estate

market has seen a steady number of transactions

and sales volume, a fact that shouldn’t be lost due

to the incredible year the county enjoyed last year.

Another strong statistic for the Eagle County

market is the average sales price. The average

sales price continues to increase annually and is

currently recorded at nearly $1.3 million year-to-

date (compared with the average sales price for

calendar year 2007 at approximately $1 million).

The residential transactions for Eagle County break

down as:

• 64% of transactions were $1 million and under

• 16% of transactions were over $1 million and

under $2 million

• 20% of transactions were over $2 million

• There were a total of 79 transactions year-to-date

closing for $4 million and more

Our current market offers a time for smart buyers

to take advantage of low interest rate financing, as

well as several listings to choose from in one of the

finest mountain resort communities in the world.

The Vail Valley will always be a place where the

lifestyle is unique and refreshing, and continues to

prove itself as a strong real estate market.

“With the incredible new snow we’ve been receiving,

I expect that we will see many people coming to the

Vail Valley this ski season,” said Jim Flaum, President

and Managing Broker of Slifer Smith & Frampton. “I

am confident that some of these guests will realize

the great buying opportunities that now exist in Vail

Valley real estate.”

Market watch

* Does not include timeshares. Data gathered from the VBOR MLS. Information deemed reliable but not guaranteed.

Jan ‘0

8

Feb ‘0

8

Mar

‘08

Apr ‘08

May

‘08

Jun ‘0

8

Jul ‘0

8

Aug ‘0

8

Sep ‘08

Oct

‘08

Nov ‘08

1,000

1,200

1,400

1,600

1,800

2,000

2,200

2,400

2,600

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Active listing market share by dollar volume Eagle County active inventory 12-month trend

49%

28%

7%

5%

4%

3%2%

1%

SSF

Competitor 1

Competitor 2

Competitor 3

Competitor 4

Competitor 5

Competitor 6

Competitor 7

Competitor 8

All OtherCompetitors

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 shared ride shuttles, charter vans and private car service to/ from the Vail Valley, Summit County, Aspen/Snowmass, Denver International and Eagle County airports. CME Premier, our private car service, provides for luxury, privately chauffeured Cadillac sedans, executive vans and four wheel drive SUVs. 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.

winter 2008-2009 | 5

On the webWith 80% of buyers starting their real estate search online, it is important to work with the online leaders. With most of those searches starting with Google, SSF continues to have the top presence for the key phrase, “Vail Real Estate.” Here are some other highlights:

In 2007, our award-winning website, www.vailrealestate.com, received over 1.2 million visitors from 120 countries.

Our international exposure with our affiliate, Luxury Portfolio, expanded as the first luxury website to display property information in nine different languages and 22 currencies. Visit www.luxuryportfolio.com.

All of our print materials are online as e-brochures at www.vailrealestate.com/realestateresources.cfm.

Many of our clients are using “My Place” to save searches, favorite homes and set up email notifications for properties that match their criteria when they hit the market.

In 2009, SSF is switching to a new online digital real estate contract software with electronic signature capabilities in order to make the contract process easier for our buyers and sellers.

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By the numbers1859........................... Year of the first documented use of skis in the state of Colorado, ..................................... near present-day Breckenridge

300 ............................. Average days of sunshine per year in the Vail Valley

776 ............................. Groomed acres per day on Beaver Creek Mountain

$125,000,000 ......... Price tag on the world’s most expensive home currently on the market, ..................................... located in Beverly Hills, California

1928........................... Year steel-edged skis were invented

100 ............................. Average tons of waste per month recycled on Vail Mountain by Vail Resorts

10,100,000 .............. Number of people worth over $1 million in the world

£89,000 .................... Cost for an Amosu Ultimo Diamond iPhone (or about $114,000) that ..................................... is handcrafted by artisans and outfitted with 1,179 diamonds

33109 ........................ The most expensive Zip Code, which belongs to Miami Beach, Florida

26................................ Number of ski resorts in Colorado

11................................ Number of ski resorts in Colorado powered 100% by wind power

1 .................................. Apple’s spot on Fortune’s list of Companies Most Admired for ..................................... Innovation, for the third straight year

1957........................... Year the first plastic ski boot was worn

1 .................................. The ranking of Slifer Smith & Frampton by sales volume in 2007 within ..................................... the Luxury Real Estate network of 800 real estate companies in the world

Sources: Colorado Ski Museum, Colorado Springs Gazette, Forbes.com, Snow.com, Colorado.com, Wall Street Journal, LuxuryPortfolio.com, LuxuryRealEstate.com

winter 2008-2009 | 7

Plan for summerJust when you thought it couldn’t get any better, the Bravo! Vail Valley

Music Festival announces an unrivaled schedule for the 2009 season. The

all-star lineup includes The Columbus Jazz Orchestra, Dallas Symphony

Orchestra, The National Repertory Orchestra, The Philadelphia Orchestra,

and The New York Philharmonic along with 50 internationally renowned

soloists and chamber musicians. The 22nd season takes place June 26 to

August 4, 2009.

For more detailed information visit www.vailmusicfestival.org

Now boardingFly direct to Vail this winter

This winter, fly the most direct route to the heart of the Rocky Mountains

on daily, non-stop large-jet flights from twelve major cities. Discover how

daily flights in and out of Eagle County Airport (EGE) will eliminate long

drive transfers, airport delays and parking hassles. With the time you save

you will be riding the chairlift and relaxing in a mountain paradise.

For the winter 2008/09 season, Eagle County Airport offers direct flights to

and from the following cities:

Denver, ChiCago, Los angeLes, new York La guarDia,

new York kenneDY, DaLLas, houston, MiaMi, newark, atLanta,

CinCinnati & MinneapoLis

For a complete flight schedule, visit: www.eaglecounty.us/airport/flight.cfm

8 | inSiDe eDGe

New developments around the Vail ValleySlifer Smith & Frampton Real Estate is proud to be the exclusive listing brokerage of many developments in the Vail Valley.

Vail - Four seasonsSixteen private residences in Vail Vil-lage with world renowned amenities and quality. Completion in fall of 2009. Pricing on remaining inventory from approximately $5,000,000.

Vail - the ritZ-CarLton resiDenCes®, vaiL71 wholly owned residences with extensive owner amenities. Twenty-four Residences remain, with pricing starting at $2,805,550.

Vail - the penthouses at Manor vaiLSeventeen spacious Penthouses offer a premier location and bring a new level of luxury to Vail Village, each with its own unique character and exceptional views of Vail Mountain and the Gore Range. Only 8 remain.

Vail - ever vaiLOne of the most ambitious “green” development projects in North Ameri-can resort industry to date. $1 billion project to transform 9.5-acre site in the westernmost portion of LionsHead.

Vail - torZetto New construction - Six luxury duplex residences located in East Vail. Three remain to date. Pricing starting at $2,895,000.

LionsHead - the tower resiDenCes at Lion sQuareOne of the most prestigious owner-ship opportunities offered during Vail’s renaissance, The Tower Residences at Lion Square will offer nine of the fi nest residences in LionsHead. A luxurious 3-bedroom condo and two spectacular 2-story Penthouses are all that remain.

Riverfront Village - the westin riverFront resort & spaLocated adjacent to the new Riverfront Express Gondola with direct ski access to Beaver Creek Mountain. Now open with full Westin services and amenities, Restaurant Avondale, Spa Anjali and more. Whole ownership Studio Suites starting at $330,000 and 2- and 3-bed-room residences starting at $975,000.

Avon - BeL LagoBel Lago on Nottingham Lake, Avon’s fi nest. Be on the edge of Avon’s rede-velopment with views over the lake and on to Beaver Creek. Mountain living with all the comforts.

winter 2008-2009 | 9

Beaver Creek - the resiDenCes at park hYatt Beaver Creek®

The luxury and amenities you have come to expect can be yours year after year at The Residences at Park Hyatt Beaver Creek®. Fifteen deeded shared-ownership residences are now available to a select few. Starting at $75,000.

Bachelor Gulch - the resiDentiaL suites at the ritZ-CarLton®, BaCheLor guLChA limited number of whole ownership condominium suites enhanced by the legendary Ritz-Carlton® service and amenities. Studios, 1- and 2-bedrooms from $639,000.

Edwards - south Fork MeaDowsNew 4- and 5-bedroom duplex residences with big views and high end finishes, located just 1 mile west of Riverwalk in Edwards. Pricing from $959,900.

Edwards - the pointeHuge panoramic views highlight these custom 4- and 5-bedroom, green built single family homes overlooking Riverwalk in Edwards. Sub Zero, Wolf, Asko and Energy Star rates systems are standard.

Eagle Ranch - sYLvan sQuareThese sixteen 2-bedroom flats are in the heart of Eagle Ranch Village within steps of fitness center, theater, restaurants and shops. Brand new, high end, priced right and in the perfect location. Come see our model. From the mid-$300,000’s.

Eagle Ranch - aiDan’s MeaDowSingle family residences with all the amenities of Eagle Ranch. Only 11 homes remain, starting at $675,000.

Eagle Ranch - highLanDs at eagLe ranChLarge, elevated custom single fam-ily homesites in Eagle Ranch’s most exclusive neighborhood, starting in the mid-$200,000’s.

Eagle Ranch - Brush Creek viLLageA brand new master planned fam-ily community of 2, 3 and 4 bedroom townhomes and duplexes in the heart of Eagle just steps from the ice rink and all of Eagle Ranch’s amenities. Pricing starting in the mid-$400,000’s.

10 | inSiDe eDGe

December

4-7 Birds of Prey BC

7-12 Technique Weeks with Chris Anthony BC

12,13 Tis the Season vC

14 Charlie Daniels Band vC

8-14 Vail Snow Daze vv, Fp, Lh

18 The Vail Academy’s Christmas Musical vC

14-19 Technique Weeks with Chris Anthony BC

21 The Irish Tenors vC

23 A Christmas Carol vC

25,26 Chinese Golden Dragon Acrobats vC

27 Dionne Warwick vC

28 Quartet San Francisco vC

29,30 The Lowe Family vC

31 Torchlight ski down & fi reworks in the village BC

31 Fireworks, torchlight ski down & street party gp

January

2 Three Dog Night vC

8 “Nunsense” Starring Salley Struthers vC

8-10 Wine & Spirits Series BC

9-14 Technique Weeks with Gregor Neal BC

11 BC Snowshoe Adventure Series BC

11 The Wailers vC

13 Interpreti Venezani vC

14 An Acoustic Evening with Lyle Lovett vC

13-15 Girlz on Edge- Women’s Ski Excursions vM

15 Sam Bush vC

15-17 Women’s Health Weekend BC

16 Blue Note Records 70th Anniversary Tour vC

17 “Last Comic Standing” Tour vC

19 Irvin Mayfi eld & the New Orleans Jazz Orchestra vC

20 Lar Lubovitch Dance Company vC

21 LeAnn Rimes vC

21 Bud Light Street Beat concert vv

24 The 5 Browns vC

24 Talons Challenge BC

29-31 Bon Appetit Wine & Culinary Focus BC

30 Her Turn- Women’s Ski/Snowboard clinic vM

February

1 Her Turn- Women’s Ski/Snowboard clinic vM

4 The Rat Pack is Back vC

5 “Annie” vC

8 “Great Moments in Opera” Teatro Lirico D’Europa vC

8 BC Snowshoe Adventure Series BC

9 “Aida” Teatro Lirico D’Europa vC

11 Bearfoot vC

11 Bud Light Street Beat concert vv

12 Keller Williams vC

15 Chris Botti & the Colorado Symphony Orchestra vC

18 Academy of St. Martin in the Fields & Julia Fischer vC

21 “An Evening on Broadway” Vail Valley Theater Co. vC

21,22 Vail Mountain Winter Uphill charity race Lh

22-24 CarniVail Mardi Gras celebration vM, vv, en

24 Guitar Blues vC

25 Tango Fire vC

25 Bud Light Street Beat concert vv

26-28 The New Yorker on the Slopes BC

26-28 She Skis- Women’s ski testing clinic vM

March

1 She Skis- Women’s ski testing clinic vM

4 The Oak Ridge Boys vC

4 Bud Light Street Beat concert vv

5 The Comedy of Errors vC

7 The Beach Boys vC

8 BC Snowshoe Adventure Series BC

10 Cherryholmes vC

Calendar of events

winter 2008-2009 | 11

March (continued)

11 Bud Light Street Beat concert vv

11,12 Kenny Loggins vC

12-14 Cookie Magazine Kidsfest BC

14 Kidsfest: “Princess Katie & Racer Steve” vC

15 The Smothers Brothers 50th Anniversary Tour vC

16 Celtica Sinfonia: A St. Patrick’s Day Celebration vC

17 An Evening with Lily Tomlin vC

18 Bud Light Street Beat concert vv

18-22 American Ski Classic vM

20 The Phantom Tollbooth vC

22 Estonian National Symphony Orchestra & Joyce Yang vC

24 Los Lobos acoustic show vC

25 Bud Light Street Beat concert vv

26 Complexions vC

29 Dark Star Orchestra in concert vC

31 “Cinderella” vC

April

1 Bud Light Street Beat concert vv

1-4 Taste of Vail vM, Lh, vv

2-5 Vail Film Festival Lh, vv

5 BC Snowshoe Shuffl e BC

8 Bud Light Street Beat concert vv

8 Junie B. Jones vC

11 Arlo Guthrie- Lost World Tour vC

12 Beaver Creek Mountain Closing Day BC

13-19 Spring Back to Vail vM, Lh, gp, vv

15 Bud Light Street Beat concert vv

19 Vail Mountain Closing Day vM

Ongoing Events

Thursdays & Saturdays, December 18-April 9Free Nature at Night en

Thursdays, December 18-April 2Glow stick ski-down & fi reworks BC

Tuesdays, December 23-March 31 Complimentary Family Snowshoe BC

Mondays, December 15-April 6 Guided ski tour with a Forest Service Ranger BC

Thursdays & Saturdays, December 18-April 4Rail Jam supervised rail session BC

Saturdays & Mondays, December 20-March 30Disco Skate Night BC

Legend

vv Vail Village

vM Vail Mountain

Lh LionsHead

gp Golden Peak

Fp Ford Park

en Eagle’s Nest

BC Beaver Creek

vC Vilar Center