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Press Release – The Villas at Cotton Ranch Launches Phase 2 of Construction

Dated: September 16, 2016 Press contact: Tim Hamilton | Matter Communications 720.577.5409 villas@matternow.com The Villas at Cotton Ranch Launches Phase 2 of Construction NorthPoint Builders LLC constructing 72 beautifully crafted homes with mountain views in Vail Valley GYPSUM, Colo. (Sept. 13, 2016) — The Villas at Cotton Ranch, Vail Valley’s newest community of impressive, upscale mountain villas, is launching Phase 2 of construction. After selling out of 13 villas in Phase 1, NorthPoint Builders LLC is starting construction of 14 more, and has released the first several units for sale starting at $360,000 for 2BRs and $439,500 for 3BRs. “We can’t build them fast enough,” said developer JT Landreth, principal of NorthPoint Builders LLC. “We’re seeing a huge demand for Vail Valley real estate that offers a care-free lifestyle with upscale, high quality craftsmanship at a price people can afford.” Once all three phases are completed, The Villas at Cotton Ranch will consist of 72

Real Estate Market “Balance”

Dated: September 14, 2016 EAGLE COUNTY — Area real estate brokers have been saying for some time now that the local market is “balanced.” But what does that really mean? A look at some of the latest data from the Vail Board of Realtors provides some insight. Here are a few factors: Days on the market In August of this year, a home that sold had spent an average of 110 days on the market. That’s an average, though. Some homes — particularly those priced at $500,000 or less, moved from listing to closing more quickly. Homes in the higher end of the market — $3 million or more — can take some time to sell. “But I don’t think there’s anything we can do at a local level to ensure a stable market.”Crissy RumfordVail Board of Realtors board of directors chair-elect Crissy Rumford, the chair-elect on the Vail Board of Realtors board of directors, said time on the market is also driven by available inventory. As the days on the market figures have declined — the 2010 average was about