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March 2018 Market Analysis
Eagle County real estate is off to a good start in 2018. All first quarter numbers are up year to date: total dollar volume sits at $461,291,511, up 10%, and transactions were up 15%, 433 compared to 375 in 2017.
The month of March numbers are all up as well: total dollar volume was up 16% to $199,715,886, and transactions were up 10%, 168 compared to 153 in 2017.
Beaver Creek had a strong month with 14 sales (the 2nd largest number of transactions in any area) totaling more than $30M in dollar volume. These Beaver Creek sales averaged $2.1M. Lionshead had the highest total dollar volume for March with 11 sales, including 5 sales at The Lion.
The Lion also had the highest priced residential sale in the county for the month of March at $10.5M, which equates to $3,065 per square foot. This was one of 13 new-unit sales in Eagle County that combined, totaled more than $26M in dollar volume.
We’re also seeing a price point shift in transaction volume. Historically, the under $500,000 breakdown of sales has seen the most transactions each year. However, through 2018 first quarter, the breakdown price point category of $500k – $1M had the highest number of transactions. That price point category had more activity than any other price point with 115 of the 313 transactions year-to-date.
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 January 2018 Price Per Square Foot Analysis, Eagle County Buyer Profile and New Unit Sales Detail, click here January 2018 Market Analysis.