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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 the Increase over 2009

Eagle County real estate continues to rise at more than twice the sales volume of 2009, with transactions at 79% above last year. These numbers are an impressive boost to real estate in the mountains.

Vail Village had the highest dollar volume by far in May with sales totaling nearly $42 million over 12 transactions. Six of those transactions sold for over $4 million.

The total sales volume for Eagle County in transactions of $4 million or more accounted for $48 million in volume. These sales have helped boost our year-to-date average sales price to $1,155,314.

Year-to-date, Vail Village and Beaver Creek are the areas that have experienced the highest sales volume, both increasing by more than 55% over last year. Avon has the most transactions thus far this year with 94 and it is nearly 4 times the volume seen in 2009. Avon’s volume and transactions are due largely in part as a result of sales in Westin Riverfront.

Year-to-date through May 2010, there have been 29 bank-owned properties sold throughout Eagle County. When compared to 2008, the number of transactions are down just 18% and dollar volume is down 33%, a marked improvement over 2009.

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“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