Eagle County Market report July 2010

Eagle County real estate continues to exceed 2009


Real estate numbers for July were $88 million in dollar volume with 92 transactions, both exceeding the July numbers for 2009.

Vail Village was the main contributor to the dollar volume with more than 30% of the overall total with $27 million over 7 transactions. Four of these transactions were properties that sold for over $5 million, including 3 Solaris units. Solaris now has sold a total of 12 units at an average sales price of $7.6 million.

Beyond the scope of these high end properties, almost 75% of all transactions have sold for less than $1 million in July and nearly 70% year to date. However, 75% of the total dollar volume is accumulated through properties selling for more than $1 million.

Multifamily homes have been the most prevalent selling residential property type thus far in 2010, with 57% of all transactions. These transactions have an average sales price of nearly $1.2 million, an increase of 29% over 2009. They also host a price per square foot of $568 compared to $343 for a single family home.



July Highlights:

The highest sale in Eagle County was in the Solaris, selling for $7.5 million

Eagle had the most transactions with 11

Lionshead had the highest PPSF; a single family residence selling for $1,301 per foot