Vail Market Stats May 2010

Is our market rebounding? May showed some signs of improvement over 2009. There were a total of 63 transactions, an increase of 19 transactions over 2009. The average sales price was $1,096,000 and the highest closed price was $9,500,000 for a residence at the Lodge Chalets at the base of Vail mountain. No one area lead the way in transactions; there was activity in a wide array of neigborhoods in Eagle County. It has been an improvement over 2009 in terms of properties being sold but we are seeing sellers being more realistic with their pricing. Stay tuned as the summer will tell us if we are on the upward slope.