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"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.
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. Please call me at 970 471 2553 or send an e-mail to bedwards@slifer.net. You may also find me at 230 Bridge Street in Vail Village, just over the Covered Bridge. Please feel free to stop by this winter.
What's Happening in the Vail Real Estate Market?
Eagle County Real Estate Starts Strong
January is historically a light volume month for Eagle County real estate. However, 2012 has started out strong, surpassing $100 million in total dollar volume, the highest volume in the month of January since 2008.
There were also 90 transactions creating an average sales price of nearly $1.2 million. The main contributor to the high volume is 6 residential transactions of which each is over $4.5 million. Vail Village property was the property with the highest selling price, closing at over $13 million; a Bachelor Gulch home was the second highest selling property selling for $11 million.
While the high-end market is showing strength, the down-valley market is also experiencing a lot of activity. Gypsum had 21 transactions in January with an average price of $230,818. Ten of the 18 banks sales that sold in January were sold in the Gypsum market.
Properties selling for under $500,000 accounted for 50% of all residential transactions and 10% the total dollar volume. The other price-point categories are spread fairly evenly in dollar volume under $2 million. However, the 4 transactions over $5 million each accounted for 42% of the dollar volume.
January Highlights:
- Single family homes averaged $1,657,454
- There were 7 residential land sales
- Vail Village had the highest price per square foot at $1,384
“A man complained that on his way home to dinner he had every day to pass through that long field of his neighbor’s. I advised him to buy it, and it would never seem long again.”
-Ralph Waldo Emerson
