February real estate statistics show that the total dollar volume of sales in Eagle County (Vail, Beaver Creek areas) is down 18% from last year although still impressive at a figure of $207 million. The majority of sales continue to be in the $1million and under market comprising 53% of all transactions.
The YTD price of a single family home is $1,568,000, and the multi-family home price is averaging $1,590,123. Vacant land prices are averaging $539,456.
The largest number of transactions are occurring in Lionshead, Beaver Creek and Eagle.
The end of April usually bring a large increase in inventory which could out some downward pressure on prices. The summer months are historically some of the strongest in Eagle County real estate, so the next few months should be telling for the markets here.
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