2nd Quarter 2012 Real Estate Statistics for Eagle County, Colorado

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There were a total of 201 Residential Sales in the 2nd Quarter of 2012, this includes all of the following areas:  East Vail, Vail Village, Lionshead, Minturn, EagleVail, Avon, Wildridge, Beaver Creek, Bachelor Gulch, Arrowhead, Singletree, Homestead, Cordillera, Eagle Ranch, Eagle & Gypsum.


The average sales price per square foot combined for all of these above areas (a good sample of all of Eagle County), for the 2nd Quarter of 2012, was $388/sf.

• the highest price per sf for the 2nd quarter of 2012 was in Vail Village and Lionshead at $1,222/sf  To see market statistics for VAIL, go to: http://www.investinvail.net/community/area/Vail+Real+Estate/

• the lowest price per sf for the 2nd quarter of 2012 was in Gypsum at $101/sf  To see market statistics for GYPSUM, go to: http://www.investinvail.net/community/area/Gypsum%2C+Cotton+Ranch%2C+Chatfield+Corners+Real+Estate/

It is a Great time to Buy Property in the Vail Valley and Eagle County, Colorado! 

For more information on all available properties in the Vail Valley and Eagle County, Colorado, please contact Sondra Slappey at Sondra@InvestInVail.com or sign-up for New Listing alerts on Sondra's website www.InvestInVail.net.  You can also search all real estate available on www.InvestInVail.com.

Vail Real Estate Statistics - the market is improving!

Although the number of active residential listings in the Vail Valley is still hovering around 1800, the number of properties which have gone under contract or sold has jumped dramatically in the last 30 days. 46 properties have closed in the last 30 days which represents an increase of 24% from the preceding 30 days. Additional good news can be found when evaluating the number of properties which have gone under contract. Int eh last 30 days 70 properties have gone under contract representing an increase of 52% from the previous 30 days.

Of interest in the sales data for the last 30 days and last 46 sales:
The average sold price was $1,072,482
The average list price as a percentage of the sold price was 89.47%
The average cumulative days on the market was 253 days.
The average sold price per square foot was $454.

I have personally put two properties under contract in the last two weeks and submitted offers for clients on others. I feel that although the sentiment has begun to turn, this is the summer spike we usually see in Vail real estate sales. Nonetheless, we will take any good news in the real estate market these days.

Time to Buy Real Estate in the Vail Valley

If you are considering "pulling the trigger" in the Vail real estate market, the time has come! July and August have been very strong months. If you try to time the market just right and wait for the "bottom", chances are you'll miss the opportunity. How lucky have you been at timing the stock market? There are deals to be had, particularly in the markets where supply is looming, like Singletree. As always. well priced homes that show well and are marketed properly will continue to sell fairly quickly. Remember that historically, since 1990, homeowners have received an average of 4.6% on the national level. Anyone here knows we've fared substantially better. Also, don't forget about the tax implications of owning primary or investment homes. Once you figure in the lack of capital gains and the depreciation and expense factors on investment property, your returns can go up significantly. If you want more statistics, speak up!

Eagle County/Vail Valley June 2008 Real Estate Numbers

The June numbers are in courtesy of Land Title in Vail http://www.ltgc.com/home/

Year to date, Eagle County topped the $1 billion mark in real estate sales and has an overall average sales price of $1,345,476. Lionshead has been the main contributor thus far in 2008 with 68 transactions and more than $228 million in dollar volume. The primary reason for this is the completion and closing of the Arrabelle project in the newly constructed LionsHead arcade. http://investinvail.com/listing_detail.php?property_id=19

Beaver Creek has the second highest dollar volume year to date and seems to only be gaining in popularity as the construction in Vail continues.

June highlights:
There were 96 multifamily units that sold for an average price of $1,217,563
There were 8 transactions over $4 million
Lionshead had the highest dollar volume, $68,860,000, with an average sales price of $4,050,588