Vail, CO. – Vail Real Estate in Eagle County is selling at a brisk pace this year and it looks like we will finish 2015 with record setting sales for the first time since the pre-recession days of 2007. In addition, larger inventories of quality properties have been listed most recently for sale and for the first since 2008 newly built condominiums, town homes and duplex projects are again being developed and released for sale.
Here are the Eagle County sales statistics through September 2015 assembled by our local title insurance company, Land Title Guarantee Company of Vail.
Land Title has been serving clients and customers in the Vail Valley and is the most active title insurance company in Eagle County and surrounding Rocky Mountain region.
Here is Trevor Thelke’s, analyst at Land Title summary of Eagle County Real Estate Sales Trends and Statistics for September 2015:
“The 3rd quarter ended with the best month of the year in both total dollar volume and the number of transactions. Both of these year-to-date numbers are 30% higher in 2015 than 2014: sales volume of $229,528,778 vs $148,315,026; and transaction numbers of 236 vs 188.
The areas with the most transactions for September were in the down-valley market: Eagle with 30, and Gypsum with 25. Eagle and Gypsum transaction numbers were followed by Avon with 16 sales; and Arrowhead, East Vail and Edwards, each with 14 sales.
Arrowhead’s 14 sales produced the greatest sales volume in the county with $36.6M, and bringing the average transaction price to over $2.5M. Arrowhead had 15.52% of the total sales volume for Eagle County in September.
The commercial sector has also been increasing in activity with 111 sales through September, 2015. The last time Eagle County had more than 111 commercial sales in an entire year was 2009 when there was 116 commercial sales.
Vail Village boasted the single highest priced home sold in September, selling at $10.9M, $2,039 per foot.”
National Real Estate Sales Trends and Statistics
Nationally, sales of existing homes through the first seven months of 2015 increased over 2 percent and are on course for record sales and home value increase in 2015. Sales still remain at the highest pace since 2007, however since August, we have seen a drop off in activity and increased values. This may just be a lull and given good weather in November and December, we should see 2015 finish out strong.
Vail Valley Real Estate, Inc. assists buyers and sellers with their real estate needs throughout Eagle County. With over 50 years of collective real estate experience and 25 years of living and working in the Vail Valley, our agents and brokers are here to assist you with all of your high country real estate needs. Please feel free to contact us with any questions or to request additional information in the form below; or to receive quarterly sales reports from the Vail Valley.