The real estate market is finally showing signs of steady, persistent improvement as both properties sold and dollar volume are up so far for 2012.
In April, real estate sales in Eagle County were the best so far this year and the best in sales volume since November. There were 135 closed transactions, which accounted for $124.4 million sales volume. These numbers significantly exceed those reached in April 2011.
75% of the sales were made up of properties priced at $1 million or less and the most expensive single sale was $9.35 million (in Vail Village). Eagle and Gypsum accounted for 32 of the sales in April with the average sales price of the two towns was $212,000. The sales combined for a dollar volume under $7 million. Vail Village accounted for $38 million of April sales volume with an average sales price just over $3.5 million. The valley’s resorts combined (Vail Village, Lionshead, Beaver Creek, Bachelor Gulch and Arrowhead) reached 33 sales.
Even more promising is the fact that this year’s sales volume is coming close to that of the the valley’s real estate peak in 2008, The transactions are only 16% off the number from 2008, however, the sales volume is about 60% of that of 2008. Therefore, the market data shows clear, steady trend of increasing transactions completed which undoubtedly will positively affect the sales volume.
For the complete Land Title Guarantee market data report, click HERE. Please don’t hesitate to contact me for more information or questions regarding Vail Valley Real Estate.