“BOOM DAYS” RETURN TO VAIL VALLEY!
Having its best year in a decade, the 2017 Vail Valley real estate market topped $2 billion in sales; marking the highest level in both sales volume and transaction numbers since 2007. Of course, the dollar volume was helped by the sales of some very large hotel properties such as the 4 Seasons, in Vail. and the $145.5 million sale of the Park Hyatt Beaver Creek. The largest single-family home sale was $28.7 million.
Part of the reason has been a better “consumer confidence” and the fact that values haven’t risen rapidly since the housing bubble bust. And, with the strong economic situation in Denver, the Vail Valley has seen more buyers from the Front Range of Colorado than ever before.
Although inventory has been slowly re-growing, the population in the Vail Valley is growing, making for a strong demand in residential areas. Along with that, the Vail Valley, recently, has seen an incredible amount of approvals for housing complexes up-and-down the Valley which should be coming “on-line” within the next few years.
These full-year numbers and prognostication have been compiled by Land Title Guarantee Company.