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A slow rebound for Vail Valley real estate sales continued in October.
There 106 closed real estate sales in October, with a dollar volume of $96 million, the second best month for real estate sales this year. Eagle County real estate saw triple-digit transactions for the second straight month. There were 106 transactions in October and this, combined with a dollar volume of over $96 million , produced the second best month in real estate this year, behind the 123 sales in September.
This brings the year-to-date total to $729 million over 759 transactions, with an average sales price of $960,592.
The two biggest transactions in October were both in Vail Village — a single family home sold for $7.6 million, and a condo sold for $6.45 million.
While the two Vail sales accounted for more than $14 million of October's total sales volume, the most action by far — 60 sales — was in the under-$1 million portion of the market. The only area in the county survey with double-digit sales was Eagle, with 10 transactions for a total of $5.4 million.
Other facts and figures include:
• Residential transactions under $1 million have accounted for 69 percent of the market this year.
• Multifamily home sales have accounted for 47 percent of all residential transactions; single family homes have accounted for 45 percent.
• Last year there were 79 transactions with a sales price of over $4 million each; there have been 20 transactions in the same category this year to date.
While the local real estate market has picked up from the doldrums of January through April — just 199 sales closed in all four months — it's still far off the pace set in the boom years of 2005 — 07.
This year's 759 transactions are 45 percent behind last year's pace. In 2006, there were 2,576 transactions through October.
There 106 closed real estate sales in October, with a dollar volume of $96 million, the second best month for real estate sales this year. Eagle County real estate saw triple-digit transactions for the second straight month. There were 106 transactions in October and this, combined with a dollar volume of over $96 million , produced the second best month in real estate this year, behind the 123 sales in September.
This brings the year-to-date total to $729 million over 759 transactions, with an average sales price of $960,592.
The two biggest transactions in October were both in Vail Village — a single family home sold for $7.6 million, and a condo sold for $6.45 million.
While the two Vail sales accounted for more than $14 million of October's total sales volume, the most action by far — 60 sales — was in the under-$1 million portion of the market. The only area in the county survey with double-digit sales was Eagle, with 10 transactions for a total of $5.4 million.
Other facts and figures include:
• Residential transactions under $1 million have accounted for 69 percent of the market this year.
• Multifamily home sales have accounted for 47 percent of all residential transactions; single family homes have accounted for 45 percent.
• Last year there were 79 transactions with a sales price of over $4 million each; there have been 20 transactions in the same category this year to date.
While the local real estate market has picked up from the doldrums of January through April — just 199 sales closed in all four months — it's still far off the pace set in the boom years of 2005 — 07.
This year's 759 transactions are 45 percent behind last year's pace. In 2006, there were 2,576 transactions through October.
