Vail Valley real estate market passes $4 billion for 2021. More than 40% of buyers paid cash for homes.
Eagle County in 2021 set another real estate sales record, hitting nearly $4.3 billion. Perhaps the bigger news is how many buyers paid cash for new homes.
The latest data from Land Title Guarantee Co. shows the the valley’s market set a number of milestones, including:
- $615 million in sales in Vail Village, the highest number for any area in the county
- 124 homes sales of $5 million or more
- 354 vacant land sales
- The average sale price in the county was $2.04 million
Of all the numbers, one that jumps out is the percentage of homes sold for cash: 42%.
For sellers, cash offers trump nearly anything else.
A seller will take the least amount of potential headaches. That’s why Eagle County’s “Bold Housing Moves” initiative includes helping qualified buyers with cash offers on homes. Town of Vail officials are talking about a similar effort as interest declines in the Vail InDEED program, largely due to rising prices.
While listings are lagging, deals are still being done. Contact Suzi Apple to learn more what your home is worth