The Vail valley real estate market saw a nice uptick in business in the later part of the summer and into the fall with 89 closings valley wide in September. As expected during a recession or depression or whatever you want to call this cycle, the majority of activity continues to be in the under $500,000 price range. Because there are more, lower priced listings in the Eagle and Gypsum areas, those markets continue to see somewhat brisk sales activity. Short sales and foreclosures still dominate the down valley markets and will continue to do so for quite some time. Luxury buyers are striking bargains in the resort areas as most sellers are highly motivated to make deals. Regardless of whether or not we are at the bottom, it is still a good time to buy in this valley. Reservations are looking very strong for the ski season which is a good indicator that Vail is likely to have a strong winter season.
Saturday, October 22, 2011
September Vail Real Estate Statistics
| Total Residential Sales in September: 89 | Number of Active Listings: 1302 | |||||||
| Area Highlights | # transactions | avg. sales price | $Avg price/sf | |||||
| East Vail | 3 | 709,500 | $473 | |||||
| Vail Village | 1 | 950,000 | $1051 | |||||
| Lionshead * | 2 | 3,077,500 | $1370 | |||||
| W. Vail N&S | 4 | 597,250 | $297 | |||||
| Eagle Vail | 5 | 444,430 | $214 | |||||
| Avon | 6 | 361500 | $269 | |||||
| Beaver Creek | 6 | 1,021,667 | $550 | |||||
| Arrowhead | 2 | 3,962,500 | $581 | |||||
| Singletree | 3 | 1,024,000 | $271 | |||||
| Homestead | 4 | 544,050 | $187 | |||||
| Eagle Ranch | 6 | 479,583 | $153 | |||||
| Eagle | 7 | 281,768 | $147 | |||||
| Gypsum | 14 | 223,064 | $101 | |||||
| * both sales at the Ritz Carlton Residences | ||||||||
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