National Housing Statistics

The New York Times reported that housing prices are down 15% across the nation, and about 8000 homes enter foreclosure every day. The Vail Valley is doing much better. While sales are down, the average price of a home here is over $1.2 million.

Vail Colorado Housing Stats for May 2008

Land Title just released the May housing statistics for Eagle County Colorado. May was the second slowest month on record since 1996 and showed total sales off 47% for the month from 2007. The data may even paint a rosier picture than we think due to the 13 Arrabelle units that closed in May which had been under contract for a few years. The average sales price of a single family home in Eagle County is now $1,281,245 and $1,135,939 for a multi-family, and $484,000 for a vacant residential lot. There are currently 1607 residential listings with over half of those at above $1million and only 10% below $400,000.