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In this dynamic and changing environment, Buyers and Sellers need insightful counsel to achieve their goals. It would be my pleasure to guide you, so let's get started!
"Begin doing what you want to do now. We are not living in eternity. We have only this moment, sparkling like a star in our hand-and melting like a snowflake..." Francis Bacon, Sr.
Call me at 970 471 2553 or send an e-mail to bedwards@slifer.net.
"Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense and managed with reasonable care, it is about the safest investment in the world." Franklin D. Roosevelt
What's Happening in the Vail Real Estate Market?
Here's a summary of the most recent monthly update from Land Title Guarantee:
Eagle County Real Estate Continues to Exceed 2009
Real estate numbers for July rose to $88 million in dollar volume with 92 transactions, both exceeding the July numbers for 2009.
Vail Village was the main contributor to the volume with more than 30% of the overall total, $27 million and over 7 transactions. Four of these transactions were properties that sold for over $5 million, including 3 Solaris residences. Solaris now has sold a total of 12 closed residences at an average sales price of $7.6 million.
Beyond these high end properties, almost 75% of all transactions have sold for less than $1 million in July and nearly 70% year to date. However, 75% of the total dollar volume has accumulated through the sale of homes valued at more than $1 million.
Multifamily homes have been the most prevalent property type sold so far in 2010, coming in at more than 57% of all transactions. These transactions have an average sales price of nearly $1.2 million, an increase of 29% over 2009 with a price per square foot of $568 compared to $343 for a single family. home.
July Highlights:
• The highest sale in Eagle County was in Solaris, selling for $7.5 million • Eagle had the most transactions with 11 total • LionsHead had the highest price per square foot with a single family residence selling for $1,301 per foot
Copyright © 2009 Land Title Guarantee Company. For more market statistics, click the Frequently Asked Quations link underlined above.
“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.” ~ Mark Twain
