Here is a breakdown of all 2011 residential sales in Eagle County by sales proice:
51% of all transactions were for $500,000 or less
74% of all transactions were for $1 million or less
89% of all transactions were for $2 million or less
Only 11% of transactions were for properties for more than $2 million.
The lower end of the Vail Valley real estate market is getting some legs at last. I am specifically talking about properties priced for $250,000 or less. There is especially strong demand for properties priced under $175,000 that don't need much work. Demand from 1st time buyers is strong. As long as there is verifiable income, loans are readily available as well as assistance for 1st time homebuyers. We post the best opportunities on our HOTLIST page which can be found at www.investinvail.com
Showing posts with label vail housing statistics. Show all posts
Showing posts with label vail housing statistics. Show all posts
Wednesday, January 18, 2012
Sunday, January 8, 2012
Residential Sales 4th Quarter 2011
To get most recent market information, at anytime, please go to my website and enter the zip code you want more information about: http://www.investinvail.net/mimarket/zip/81657/
Tuesday, July 26, 2011
National Housing Trends are Improving Slightly - How about Vail's Housing Market?
The Daily Ticker with Aaron Gross and Daniel Gross has some interesting data and projections to share regarding the national housing market. While the inventory of new homes continues to decline and interest rates remain historically very low, the psychology for an immediate recovery is not yet in place. Lenders continue to require verification of solid income and a good credit score to lend and many buyers are sitting on the sidelines wondering and waiting to see if the housing market has bottomed. Check out this short video:
http://finance.yahoo.com/blogs/daily-ticker/housing-still-groping-bottom-170749370.html?sec=topStories&pos=1&asset=&ccode=
Part of the ongoing trouble is continued high rates of unemployment with minimal job prospects for many folks. Consumer confidence has recently showed some signs of improvement but one has to wonder if that may be a seasonal disorder. If Congress can't come together to raise the debt ceiling level and the US defaults on its debut and loses its AAA credit rating, you can kiss any housing recovery goodbye. This is an opportune time to call your Senators and Congress persons and ask them to move forward, regardless of which side of the aisle you sit.
The Vail valley's real estate market is still struggling. The majority of the homes that are selling are priced below $ 1million. It seems that many buyers who may have previously spent $2-$5 million are settling for a little less and keeping their expenses down. Savvy buyers and investors are here in full force and the volume of transactions is somewhat surprising. It is not surprising that the majority of the inventory is still overpriced. There is a clear differentiation in this market between sellers and optimists.Competing with REOs and short sales is not an easy task. As many of those properties tend to be in bad shape, traditional sellers have the advantage of presenting a "ready-to buy" product to buyers. As additional capital for fixing up is not readily available anymore or more correctly almost never available, buyers are tending to purchase homes that require little maintenance and upgrading. The days of the HEQ are over for new purchasers.
It is much easier to feel optimistic about the market improving with a flurry of activity. My personal feeling is that we still have too much inventory which will put further downward pressure on prices into next summer at which time I would call for a bottom. Maybe I am right, maybe I am wrong. Time will tell. To search all Vail listings, visit www.investinvail.net
http://finance.yahoo.com/blogs/daily-ticker/housing-still-groping-bottom-170749370.html?sec=topStories&pos=1&asset=&ccode=
Part of the ongoing trouble is continued high rates of unemployment with minimal job prospects for many folks. Consumer confidence has recently showed some signs of improvement but one has to wonder if that may be a seasonal disorder. If Congress can't come together to raise the debt ceiling level and the US defaults on its debut and loses its AAA credit rating, you can kiss any housing recovery goodbye. This is an opportune time to call your Senators and Congress persons and ask them to move forward, regardless of which side of the aisle you sit.
The Vail valley's real estate market is still struggling. The majority of the homes that are selling are priced below $ 1million. It seems that many buyers who may have previously spent $2-$5 million are settling for a little less and keeping their expenses down. Savvy buyers and investors are here in full force and the volume of transactions is somewhat surprising. It is not surprising that the majority of the inventory is still overpriced. There is a clear differentiation in this market between sellers and optimists.Competing with REOs and short sales is not an easy task. As many of those properties tend to be in bad shape, traditional sellers have the advantage of presenting a "ready-to buy" product to buyers. As additional capital for fixing up is not readily available anymore or more correctly almost never available, buyers are tending to purchase homes that require little maintenance and upgrading. The days of the HEQ are over for new purchasers.
It is much easier to feel optimistic about the market improving with a flurry of activity. My personal feeling is that we still have too much inventory which will put further downward pressure on prices into next summer at which time I would call for a bottom. Maybe I am right, maybe I am wrong. Time will tell. To search all Vail listings, visit www.investinvail.net
Saturday, September 13, 2008
Vail Colorado Real Estate Statistics July 2008
Great news for Vail and Lionshead in particular as statistics show July 2008 to be the single best month for real estate this year with dollar volume over $243 million. The real driving force behind this were the 21 closings to a tune of $89 million at the new Arrabelle at Vail in Lionshead. The resort is complete with restaurants and a spa all just steps from the gondola right in the heart of Lionshead.http://arrabelle.rockresorts.com/?ck=gen&packageld=1315?CMP=KNC-Google&HBX_PK=vail%20arrabelle&HBX_OU=50&gclid=CNiRta3e2ZUCFQNKxwodjDq69Q
The average price of a single family home in the Vail Valley is $1.5 million, and a multi-family unit will run you an average of $1.4 million.
The Arrowhead market remains very strong as does the Basalt and El Jebel areas over near Aspen.
Subscribe to:
Posts (Atom)