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

Friday, December 10, 2010

Eagle County October numbers remain above average for 2010

Year-to-date through October 2010, we’ve averaged $127,497,632 in dollar volume each month and 104 transactions for an average sales price of $1,224,761.

The month of October sales volume of $134 million was slightly above the average monthly dollar volume in 2010. October was also slightly above the annual average transaction numbers with 115 for the month.

Lionshead continues to be the area with the highest dollar volume and accounts for more than 25% of the overall market. Eagle has the highest transaction number for the month with 15.

In October there were 7 properties that sold for more than $4 million; the highest was a Village Walk property with a sales price of $6.65 million. This was one of two Village Walk properties that sold for more than $5 million in October; the other had a sales price of $5 million.

With the sale of the Village Walk properties, the total number of properties that have sold for over $4 million in 2010 is 51. In 2009 there were just 23 properties for the entire year.

The property that sold for the highest price per square foot in October was a Ritz Carlton unit at $2,042 per square foot. The single family home that sold with the highest dollar volume per square foot was a Skywatch property at $979 per square foot.

Another area of our market that has continued to grow is bank-sales. Eagle County had 16 bank-sales in October bringing the year to date total to 82 transactions. To help put this in perspective: in 2008 there were 4 bank sales and in 2009 there were 17.

October Highlights:
    The average price per square foot for all residential units is 503.

    Nearly one-half of all transactions have been multifamily homes accounting for 48% of the market.

    Forty percent of all transactions in the county were under $500,000.

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