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Eagle County Transactions & Volume Running Behind 2007 Record Breaking Year

Eagle County real estate continues to run behind last year’s numbers with May the second slowest month since 1996. May’s dollar volume was $158,543,900, down 47% from a year ago, and the dollar volume year-to-date stands at 70% of 2007.

Keeping this month’s dollar volume boosted were 13 Arrabelle units selling for a total of $43,730,000, and 3 properties selling for $10 million or more. The highest selling single residential property was in Bachelor Gulch selling for $11,875,000. Due to the continuing sale of high-end properties, our average sales price is 32% higher than last year at $1,417,166.

Year-to-date, transactions are at 53% of last year with 107 transactions, and the total dollar volume is down by 30%. There are currently 1,607 residential listings on the market. Nearly 51% of those listings are priced over $1 million; 10% are priced under $400,000.

May highlights:

• Arrabelle accounts for more than 28% of the month’s total dollar volume at $44,630,000 • Eagle had the most transactions at 16 • Bachelor Gulch had the highest average transaction price of $6,137,500

Information provided by Land Title Guarantee.

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