Slifer Smith & Frampton Records $1 Billion in Sales for Fiscal Year 2004-2005

Posted by — November 27, 2005

Slifer Smith & Frampton Records $1 Billion in Sales for Fiscal Year 2004-2005

Vail, CO–Slifer Smith & Frampton, the Vail Valley’s premier real estate firm, is pleased to announce a sales record for the company of $1 billion for fiscal year 2004-2005. This is the first year the company has exceeded the billion-dollar mark. By comparison, during the company’s first year of operation in 1994, Slifer Smith & Frampton completed $364 million worth of sales.

“The Vail Valley real estate market has been incredibly active, especially as the ‘baby boomer’ generation continues to pursue second homes in premium resort markets,” said Jim Flaum of Slifer Smith & Frampton. “Likewise, many longtime Vail residents have been taking advantage of the equity they’ve built up over the years and are selling their Vail residences and moving to other, more affordable towns in the Valley. It’s a surge in sales that will have some consequences in regards to the amount of available inventory.”

According to Flaum, the number of available listings in Vail and Eagle Valley is beginning to slow. Slifer Smith & Frampton reports show that there are 966 available listings today, compared to 1,150 at the same time last year.

“There isn’t a great deal of land left for new developments and people are beginning to recognize this factor when they make the decision to buy,” commented Flaum. “In fact, our most recent development, Beaver Creek Landing, sold out in a matter of hours. And things look equally promising for the property’s second phase. With moderate interest rates, combined with limited availability, we’ve found that the public’s appetite for mountain real estate is very healthy.”

Slifer Smith & Frampton has been the most trusted name in Vail Valley real estate for over 40 years.  

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