Tuesday, June 21, 2011

Vail Real Estate Update April through May

The latest Vail Valley Real Estate Update is now available to read on line. Please click below to see the recent sales activity in the Vail Valley during the last two months.
Highlights include 3 Single Family Home sales in Bachelor Gulch with 26 overall closings in the areas of Beaver Creek, Bachelor Gulch and Arrowhead.  Vail Village saw 13 closed sales with the first sale at the new Four Seasons Resort closing at $8,150,000. 
The data from the County has been reported for April.  Click here to read the full report by Land Title Guarantee.  According to their data they report that Real Estate Transactions in April are the highest they’ve been in 2 years!  From Land Title:
“Real estate transactions are on the upswing with year-to-date transactions in Eagle County at 407, the highest since 2008. 
The Town of Eagle had the most transactions in April with 22, and has a total of 67 transactions year-to-date. 
For the month of April, 27 transactions were bank owned. This brings the total number of bank sales in Eagle County to 81 through the first four months of 2011 which accounts for 20% of all transactions year-to-date.  
New projects as well as the high end market have continued to sell. There were 6 transactions in April over $4 million, the highest a Bachelor Gulch home selling for $10.95 million. Ascent at the base of Beaver Creek is the project with the most sales thus far this year with 30 averaging $583,400 per transaction.”
If you have any questions regarding the enclosed information or if you have been considering buying or selling property in the Vail Valley, please contact me today.

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