Eagle County Real Estate | Comparison of First Quarter Market Stats
When analyzing a decade of real estate transactions in Eagle County, the changes are remarkable. In the first quarter of 2014, the market saw 295 total closings, with properties selling at an average of only $500 per square foot. The market pace was slower, with properties lingering for an average of 362 days on the market, and the average sale price was $1,379,453.
Fast forward to the first quarter of 2024, and the real estate market in Eagle County has demonstrated significant growth, surpassing last year’s performance with strong gains across the board. This year, we witnessed a total of 317 closings, showing a significant increase from the 242 closings recorded in the same period in 2023. The average sold price also saw a substantial rise to $2,461,482, up from $2,323,683 last year, reflecting the continued demand and value appreciation in our premier properties.
Moreover, the average days on market remained steady at 87, nearly unchanged from last year’s 88 days, indicating a stable and efficient market environment. Notably, the average sold price per square foot jumped to $1,158, a marked increase from $995 in the previous year, and a dramatic doubling from 2014. This surge highlights the growing premium on Vail Village’s desirable locations and the high-quality amenities our properties offer. As we move forward, these trends underscore the robust health of our real estate market and the strong investment potential in Vail Village.
