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

Monday, January 7, 2013

Eagle County real estate numbers continue to improve

From the Vail Daily-

Eagle County real estate numbers continue to show strength over 2011 numbers, according to data released this week by Land Title Guarantee Co. in Eagle. There were 154 transactions with $135 million in dollar volume for November. The previous year, there were 121 transactions and $124.9 million in sales.

The under $500,000 category for November was the most active with 80 residential sales, accounting for 61 percent of the transactions and 19 percent of the total dollar volume.

Year-to-date, this brings the total to 1,518 transactions and $1.28 billion in dollar volume through November, a 24 percent increase over 2011 in both categories. The year-to-date overall average sales price is $858,266.

There were 22 bank sales in November, bringing the year's total through November to 288 and more than $86 million in dollar volume.

Commercial transactions have also picked up with nine sales in November and 69 transactions year-to-date.

The high-end properties over $4 million continue to make an impact with six transactions in November. The highest of these sales was a Strawberry Park home in Beaver Creek which sold for $11.9 million.

Among other highlights:

• The average price for a single family home was $1,169,601.

• 82 percent of the transactions in Eagle County sold for less than $1 million.

• Eagle and Gypsum accounted for nearly 30 percent of all transactions. 

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