Real estate sales up
VAIL ” Eagle County real estate sales started out 2006 ahead of last year’s record pace.
The valley saw $138.3 million in sales in January, beating January 2005’s total of $132.8 million. But there were 6 percent fewer transactions than last January.
Those number reflect closings for properties that were sold in October, November and December of last year, said Michael Slevin, a Realtor with Prudential Colorado Properties.
“It reaffirms that fact that the end of 2005 remained strong in relation to last year,” he said.
Last year, the county saw $2.8 billion in real estate sales, a new record. All indications say the market will remain strong, Slevin said.
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“Inventory levels are starting to build a little bit, which is healthy for our market,” he said.
Downvalley sales continued to drive the market. Eagle saw the highest number of transactions, with 30. Gypsum was close behind with 27 transactions.
The highest total dollar volume was in Vail Village, where there was $17.7 million in sales. The average transaction price was $4.4 million.
Led Gardner, who owns Led Gardner and Associates real estate agency, noted that the local real estate trends are bucking the national pattern.
“On a national basis, real estate sales have been dropping for five months, yet we continue to show strong month-to-month gains,” he said.
Staff Writer Edward Stoner can be reached at 949-0555, ext. 14623, or email@example.com.