Keeping you informed on market statistics, real estate news, and events around town

Tuesday, September 7, 2010

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

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