Vail Valley real estate market revving up
VAIL VALLEY – Vail Valley real estate sales continued to pick up momentum in April.
After a dismal 2009, sales in Eagle County so far this year have exceeded last year’s levels every month this year. There were 116 total sales in April, more than double last year’s figures. For the year so far, sales are double those recorded in 2009.
The dollar volume is also strong. According to the monthly report from Land Title Guarantee Company, sales in April totaled more than $130 million. That’s just 5 percent lower than the volume recorded in 2008, and more than double the sales totals from 2009.
The most expensive sale recorded in April – $6.7 million – came from Solaris in Vail. Two units sold at the Landmark in Vail for $2.4 million each, and there were nine more condo sales at the Westin Riverfront in Avon.
While the high-dollar sales bring the average prices up, nearly two-thirds of all sales in April were for less than $1 million, and 60 percent of sales were condos and townhomes.
Through the first four months of the year, both transaction numbers and sales volume are right at twice the levels recorded last year.