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April 2018 Market Analysis

April 2018 – Market Analysis

April real estate numbers stay strong with 186 transactions, bringing the year to date total to 619; 14% above last year. Total dollar volume shows a 38% decrease for the month compared to last April, however when you take out the Beaver Creek Hotel that sold for $145M last April, the total dollar volume would be up 12% for April and 11% year to date.

The main contributors that made April the month with the highest number of transactions year to date were Eagle (30), Gypsum (18), Vail Das Shone/Buffer Creek area (15), Beaver Creek (13) and East Vail with 10 transactions. Beaver Creek had the highest dollar volume with over $41M, nearly twice that of the next highest area (Vail Village) with $21M.

Of Aprils 186 transactions, 54 (29%) have been purchased by out of state buyers. Many of these buyers purchased high end homes including seven sales over $5M. The highest priced home sale in April was in Strawberry Park in Beaver Creek which sold for $11,500,000. The highest price per square foot was a private residence sale at the Four Seasons in Vail which had a selling PPSF of $2,575.

 

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