Summit/Eagle counties sales numbers | VailDaily.com
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Summit/Eagle counties sales numbers

DAILY NEWS STAFF REPORT

March 2007 monetary volume shows a 14 percent decrease from March 2006, but is higher than March 2005.

March 2007 number of transactions shows a 23 percent decrease from March 2006 and shows fewer transactions than 2005. Prices continue to increase with much lower inventory on the market in March 2007.

The gross residential price index for all of Summit County in March shows that average price of a single family home at $722,425, a multifamily at $391,689 and vacant land at $307,330.

In 2007, there have been 82 transactions in the $200,000-$300,000 price range, 73 transactions in the $300,000-$400,000 price range, 64 transactions in the $400,000-$500,000 price range and 43 transactions in the $500,000-$600,000 price range. The top three areas for number of transactions are Breckenridge (119), Keystone (89) and Silverthorne (50).

Blue River average transaction price: $265,186; median price: $150,000. 14 sales.

Breckenridge average price: $523,438; median price: $411,000. 32 sales.

Breckenridge Golf Course average price: $472,940; median price: $389,900. 20 sales.

Copper Mountain average price: $338,047; median price: $251,000. 15 sales.

Corinthian Hills and Summerwood average price: $667,667; median price: $552,500. 3 sales.

Dillon (town) average price: $344,040; median price: $259,500. 5 sales.

Dillon Valley average price: $279,643; median price: $228,500. 7 sales.

Farmers Corner average price: $406,250; median price: $420,000. 4 sales.

Frisco average price: $684,464; median price: 430,000. 14 sales.

Heeney average price: $85,000. 2 sales.

Keystone average price: $417,435; median price: $360,000. 34 sales.

Montezuma average price: $480,000. 1 sale.

Peak 7, Breckenridge average price: 484,980; median price: $482,500. 5 sales.

Silverthorne average price: $555,983; median price: $347,500. 23 sales.

Summit Cove average price: $271,100; median price: $180,500. 6 sales.

Wildernest average price: $272,953; median price: $252,750. 15 sales.

March turned in the highest sales volume of any March in history with $266,688,300 and the highest sales month so far this year. Eagle County had a total of 210 transactions in March. The month reflected an average sales price of $1,269,944 per transaction, the highest seen in the county in any given month.

Contributing to those numbers were seven transactions over $5 million dollars bringing the total sales in that price range to 12 in the first quarter. The average price for a single family home in March was just under $2 million at $1,823,935 with Beaver Creek and Bachelor Gulch accounting for the majority of that dollar volume with over 40 percent of the market.

Through the first quarter of 2007, the total sales volume is up 32 percent and transactions are up 5 percent over last year. Again, the high end market is strongly contributing to those numbers with nearly 20 percent of all transactions thus far over $2 million. The average price for all transactions is up to $1,053,438.

March highlights:

Bachelor Gulch was again the area with the highest average price at $4,574,500.

Eagle had the most activity with 35 transactions.

The average price of a single family home was $1,823,935.

The average price of a multi-family home was $1,150,044.

The average price for vacant land was $358,088.

Eagle County sales tax collections through April (numbers are only what’s been the county’s share of sales tax collected, which may not reflect total tax revenues)

Avon: $1 million, up 3.3 percent

Eagle: $268,000, up 5.7 percent

Gypsum: $477,000, up 56%

Red Cliff: $18,600, up 247%

Minturn: $43,400, down 11%

Vail: $1.9 million, up 8.5%

Unincorporated (includes Beaver Creek): $1.8 million, up 12%

Auto: $82,532, a 2.75% decrease from 2006. Auto made up 6.4% of the sales tax collected.

Building: $171,249, a 17.28% increase from 2006. It made up 13.2% of sales tax collected.

Construction: $284,234, a 17.06% increase from 2006. It made up 21.9% of sales tax collected.

Outlets: $415,679, a 14.16% increase from 2006. It made up 32.1% of sales tax collected. Phase I is down $12,529, or 20.74%. Phase II is up $6,925, or 6.76%. Phase III is up $23,041, or 87.36%.

Food/liquor: $210,866, a 5.49% increase from 2006. It made up 16.3% of sales tax collected.

Lodging: $57,865, a 13.9% increase from 2006. It made up 4.5% of sales tax collected.

Service: $73,906, a 7.02% increase from 2006. It made up 5.7% of sales tax collected.

Auto: $42,124, down 8.11% from February, 2006.

Building: $97,577, up 35.34% from February, 2006.

Construction: $129,299, up 10.31% from February, 2006.

Outlets: $204,879, up 9.58% from February, 2006.

Food/liquor: $102,700, down 1.7% from February, 2006.

Lodging: $28,740, up 2.02% from February, 2006.

Service: $29,015, down 0.55% from February, 2006.

Total February sales tax collected: $634,334, up 8.63% from 2006, when it was $583,945.


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