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

Wednesday, November 10, 2010

Eagle County real estate surpasses $1 billion in dollar volume

For the first time in two years Eagle County has surpassed the $1 billion mark bringing the total to $1.1 billion over 926 transactions through September.

September’s dollar volume of $235 million is the 2nd highest volume month in three years (since September of 2007). This large volume month is the result of 2 large sales:

1) The Ritz Carlton had 45 units in Lionshead that sold for $110,890,000

2) Stratton Flats in Gypsum sold for $18,000,000

Without these two large-volume sales we would have remained consistent with the previous months of 2010 with $106,805,303 in dollar volume, which is up 6% over September 2009.

Notable Statistics:

*Eagle County has had 66 bank sales so far through 2010
*Two Strawberry Park homes sold; the highest priced was $7.8 million
*Of all properties sold, 40% are for less than $500,000

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