Your Vail Valley Real Estate Resource
Service – Experience – Commitment – Results
June 2017 Market Analysis
Eagle County real estate sales surpassed $1 billion; this brought the 2nd quarter to an end 47% higher than last year’s sales volume of $756,588,257. This is the first time since 2008 that dollar volume year-to-date through June has been over $1B. Transactions also saw an increase – 13% higher than last year.
Eagle and Gypsum were the top two areas that generated the most transactions with 47 and 38 respectively. In total, these two areas combined had 85 of the 219 total transactions – nearly 40% of the sales. This was twice as many transactions as the 3rd and 4th busiest areas, Avon and EagleVail, with 17 and 14 sales respectively. These transaction numbers were partially due to the higher-than-usual number of “local” buyers; “local” buyers accounted for 64% of all real estate sales in June.
EagleVail’s year-to-date average price-per-square-foot for single family homes has increased 10% since last year, from $300 to $330. You can see the PPSF for each area broken down by single family, multi-family and vacant land on page 12 of the June Market Analysis report.
There were six homes that sold in June over $5M; the highest priced home sold in Vail Village for $12.6M. This brings the total year to date sales over $5M to 26 transactions.
This information was provided by Land Title Guarantee Company. They produce reports with all of their data coming directly from Eagle County. They then go a step further by breaking down the market into segments that include residential, commercial and the overall market, with pages of analyzed data to be reviewed individually, as each area is different. They separate the local market into 32 areas providing information in every category, and they bring historic, comparable numbers to your attention. They are committed to breaking down the market; so that real estate in Eagle County can be seen and understood from any prospective that could prove helpful.
For a copy of the Market Statistics, as well as a copy of the June 2017 Price Per Square Foot Analysis, Eagle County Buyer Profile and New Unit Sales Detail, click here June 2017 Market Analysis.