Eagle County real estate ended the quarter with 620 overall transactions, just 2 above the total for 2010 through the same time period. While transactions have remained constant, the dollar volume has slipped 18% versus 2010. The main contributor to the constant transactions and falling volume are the continued bank sales. So far this year there has been 129 bank sales; which is 21% of the overall market. However, these numbers translate to just 7% of our total dollar volume ($42,386,000). The combination of these numbers means a lower average sales price for the County as a whole. The average price for the bank sales has been $328,573.
While the bank sales have had an impact on our overall market; we continue to see sales in the high end market as well. So far this year, there have been 20 transactions over $5 million. At the height of our market in 2007 there were 24 transactions over $5 million and in 2008 there were 31 through the same time period. Many of these high end sales for 2011 were from the new developments.