May was the best month for real estate transactions in the Vail Valley since 2008. According to Land Title Guarantee Company, there were 150 transactions in May, which is the most transactions since 2008. Those sales added up to more than $154 million in sales volume. Both transactions and dollar amount were 8% ahead of May of last year and the average sales price in the county was a little over $1 million dollars.
Gypsum lead the way with 22 completed transactions. A total of 29 transactions accounted for Vail’s neighborhoods added together. The bulk of the transactions were under $500,000 but accounted for only 16% of the sales volume. Homes priced at $2 million or more made up over half the sales volume. There were 10 sales of over $4 million and the highest sale was in Vail Village for $10.25 million.