Six Tower Cranes in Vail Village

This is the third of the 8.5 Market Indicators of Summit County Real Estate.

The number of tower cranes (the big ones used for major construction) in a market place indicates the money being spent on construction. The six cranes I refer to are just Vail Village. I am not including the cranes being employed for the massive redevelopment of Lionshead Village. What I want you to keep in mind is that Vail Village reached the point of build-out long ago. These cranes are being used at sites where other buildings have been demolished for redevelopment. At this stage, Vail real estate is strong. When we see a drastic drop in: 1.sales volume, 2.prices, and 3. new construction in Vail, these should be warning signs Summit County.

Love Life,

Yve Johnson
Your Mountain Broker