Vail Real Estate & Management
EagleVail Realty & Management
970-331-0387970-331-0387

Vail Colorado Area May 2013 Market Analysis

By Lawrence “Skip” Moss

Of the 135 residential transactions to close in May, 81 were sales under $500,000 with an average sale price around $300,000. 17 of the 135 sales, with the majority well under $500,000 were bank sales.

Shifting focus from distressed properties in the Vail, Colorado, area market for a moment and focusing on luxury condominium projects built over the last five years, recent sales activity suggests the market for high-end, luxury condominiums is on the mend.

Sales     Avg. Sales Price

Westin Riverfront:         6             $471,708
Solaris:                                 1            $5,889,230
Arrabelle:                           1            $2,750,000
Ritz Carlton:                      4            $2,373,750
Ascent:                              3              $977,667
Landmark                          2            $1,232,500

May 2013

Eagle County real estate transactions in May continue to increase

Real estate transactions in Eagle County continue to increase boasting the highest number so far this year with 161. Transactions are increasing slightly, while the dollar volume remains steady for the year at $124,319,071 and higher than the years average of $97 million per month. This creates an overall average sales price year to date of $808,450.

There were 6 residential transactions over $4 million in May; the highest was a home in Vail Village selling for nearly $6 million. This showcased a price per square foot of $2,306.

A few of the newer real estate projects in Eagle County are continuing to see sales this year. Below is a breakdown of their activity:
    Sales     Avg. Sales Price
Westin Riverfront:         6             $471,708
Solaris:                         1            $5,889,230
Arrabelle:                      1            $2,750,000
Ritz Carlton:                  4            $2,373,750
Ascent:                         3              $977,667
Landmark                     2            $1,232,500

Click here for Land Title’s:

May 2013 Market Analysis

Price Per Square Foot Analysis

Find new marketing ideas and resources at Land Title’s marketing solutions website by clicking on the link below.

 

Leave a Comment