Luxury buyers show strong confidence in Vail Valley real estate market
LIV Sotheby’s International Realty’s Q1 Residential Luxury Report shows strong increases across the board
LIV Sotheby’s International Realty
LIV Sotheby’s International Realty recently announced numerous significant sales for the Vail Valley, including two record sales — a $17,250,000 sale in Vail and a $15,454,000 sale in Edwards. Also recently released by LIV SIR is the Q1 Residential Luxury Report (properties priced $3M and above for the Vail Valley), focused exclusively on the luxury real estate market. This report shows strong increases in performance across the board, proving that luxury buyers have strong confidence in the Vail Valley real estate market and investing in ultra-high-end luxury homes.
LIV Sotheby’s International Realty broker Tye Stockton impressively represented both the buyer and seller in the sale of 1109 Vail Valley Drive for $17,250,000. This sale is the highest-priced sale in the Vail Golf Course history and the highest sold price per square foot for the Vail Golf Course as well.
The notable Edwards sale, 1548 Via La Favorita, was represented by real estate brokers Malia Cox Nobrega and Barbara Scrivens. This hilltop Tuscan estate sold for $15,454,000 — the highest price residence in nearly a decade in the neighborhoods outside Vail and Beaver Creek Resorts and the highest price residence ever recorded in Edwards.
Other notable sales in the Vail Valley by LIV Sotheby’s International Realty for Q1 of 2019 include 458 Vail Valley Drive #R2 for $7,750,000 represented by David McHugh, 595 Vail Valley Drive #324 for $7,500,000 represented by Jeff Morgan, 43 Borders Road for $6,950,000 represented by Matthew Blake, and 600 Vail Valley Dr. Unit A14 for $5,150,000 represented by Dawn Mullin — to name a few.
“As often seen in resort markets, the luxury sector in the Vail Valley is thriving,” Scott Webber, president of LIV Sotheby’s International Realty, said. “Whether buyers are looking for second homes or for investment opportunities, people are continuing to be drawn to the sought-after lifestyle that the area offers.”
The Residential Luxury Report, produced by LIV SIR, confirms that 2019 is proving to be a strong year for real estate, especially in the luxury sector. Average price per square foot for Eagle County residences, $3M and above, increased by an impressive 12.4% to $1,517 per square foot for Q1 of 2019. Total dollar volume also showed positive growth of 5.1% and the highest price sale increased by 27.8%.
With the continued increase of performance for real estate in the Vail Valley, the value of having a seasoned professional advocating on a buyer’s or seller’s behalf has never been more important. LIV Sotheby’s International Realty specializes in second home markets and can help you create your dream life.
Monthly, quarterly, and year-end reports are produced by LIV SIR to help consumers make better real estate decisions, whether purchasing or selling a home. Reports can be found at ColoradoMarketReports.com.
The highest level of integrity, professionalism, and expertise in real estate awaits you. Call 970-476-7944 or visit Resorts.LIVSothebysRealty.com to discuss all of your real estate needs. For more information, contact Kelli Williams, director of public relations, at 303-486-3738.