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May 2018 Market Analysis
May was the best real estate month of the year with $212M in total dollar volume and 193 transactions. Both are month highs for 2018, bringing the total transactions year to date to 812 (10% above last year) and $876,854,582 in total dollar volume (down 5% from last year).
The down valley market of Eagle and Gypsum had nearly 1/3 of all transactions in May with 57. Avon also had a strong month with 18 sales and Edwards had 13. Vail Village had 9 sales that averaged $5M totaling $44,838,750 in dollar volume.
The high end market was strong in May with 6 sales over $5M. The highest being a new construction sale in Spraddle Creek selling for $18,500,000. This equates to a price per square foot of $1,514. The highest PPSF for the month was a Solaris penthouse, which sold for $14,000,000 with a PPSF of $3,096.
May also had 22 new construction homes that sold. These homes ranged in price from $280,000 in Two Rivers Village to $18.5M in Spraddle Creek.
This information was provided by Land Title Guarantee Company. Their reports are produced with all of their data coming directly from Eagle County. They 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 is different. LTGC separates the local market into 32 areas providing information in every category, bringing historic, comparable numbers to your attention. Land Title is 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 May 2018 Price Per Square Foot Analysis, Eagle County Buyer Profile and New Unit Sales Detail, click here May 2018 Market Analysis.