Vail real estate has always been a strong piece of the Vail economy, and this year it is showing to be just that. According to the most recent figures from Land Title Guarantee Co., the 107 completed transactions in January had a total value of $103.1 million, a 69% increase from January of 2013. Ten sales were over $2 million, a great jump in the higher-end properties which have been slower in the past years.
May is an exciting time for Gateway Land & Development Real Estate Company and the real estate market in the Vail Valley. As the market moves upward, we, at Gateway Land & Development have moved upward to a new location in Edwards, Colorado. We are very excited about our new office space (formerly California Closets) in the Riverwalk located directly across from The Bookworm, and we are very excited about the real estate trends we are seeing in the Vail Valley. The summer should prove to be an exciting one on both fronts: our new move and the move in real estate trends. Come and see our new office to learn about what is happening in the real estate market. See my contact information listed below for any of your real estate questions and needs.
Eagle County real estate's high-end transactions over $5 million added $35 million to the total dollar volume of $95,173,867 in February. There were four transactions over $5 million, the highest being $13.5 million in Vail Village. The total number of transactions in February were slightly lower than January, 83 compared to 97, but Eagle County is still on pace with 2012; 181 transactions year-to-date in 2012 compared with 180 year-to-date this year.
Bank sales also slowed in February over January with just 11 transactions totaling $2.5 million with an average sales price of $227,727. In January there were 21 transactions totaling $5,174,950
The newest Vail real estate market data was just published and the third quarter of 2012 was a promising sign for the Vail real estate market! September real estate transactions were the highest in five years!
The third quarter of 2012 boasted 175 real estate transactions and over $140,000,000 in sales – the most transactions since November 2007.
The average sale in September was $809,208
Year to date the real estate market continues to stabilize with Eagle County transactions up 18% over 2011 and volume is up 24%!
In September there was a 69% increase in dollar volume over September 2011 with seven commercial transactions, 11 vacant residential lots, five transactions over $4,000,000, and an $8,150,000 Bachelor Gulch home sale – all signs that the market is holding strong!
April real estate sales are highest of year so far. According to the Vail Daily (Wednesday, June 6, 2012) the month of April had the highest number of units sold and the largest volume sold. This continues an upward trend in real estate sales in the Vail Valley. Bank owned properties account for a 25 of the 135 units sold. Beaver Creek Resort, Vail Resort, Bachelor Gulch and Arrowhead had 33 closed sales. If you are looking to buy or even put your home on the market, now might be the time. For more information on real estate in the Vail Valley, see my contact information.
For those golf enthusiasts, spring has arrived early in the Vail Valley and that means golf courses like the Sonnenalp and Red Sky Ranch are opening up. These two golf resort communities offer the best of all the amenities the Vail Valley has to offer from skiing, fishing, hiking, mountain biking to golf. It is all out your back door. In the real estate market, Singletree currently has 18 single family homes on the market priced between $799.000 – $2,750,000. Red Sky Ranch Golf Course has only four single family homes on the market priced between $1,895,000 – $4,495,000. For information on golf memberships and the real estate market at Red Sky Ranch or the Sonnenalp Golf Course see my contact information below.
Eagle County, Colorado High End Properties continue to sell!?In November 2010, 6 properties sold at over $4,000,000 which brings the 2010 total of homes sold over $4 Million to 41. These high-end sales contribute to 25% of the overall dollar volume of the county. Solaris in the Vail Village (for more information, please visit +++) has been a large part of these sales, contributing 16 sales at an average of $7.4 Million.
Eagle County boasted $113,577,217 in dollar volume in November which is a 38% increase in total dollar volume from last November ($82,428,395). The year-to-date total dollar volume in 2010 reflects a total of nearly $1.4 Billion, a 71% increase from last year. Transactions were up 37% year-to-date over 2009; 1,153 compared to 843.
Multi-family homes lead the market sector with 555 transactions (54% of the total market) year-to-date. There were 396 single-family home transactions, 39% of the market. And 7% of sales was vacant land.