Vail Valley real estate posts its best month in August
Vail, CO, Colorado
August was the best month by far this year for Vail Valley real estate sales, with 99 properties changing hands. But the year’s real estate deals are still well behind the numbers from last year.
The August sales – charted by Land Title Guarantee Company were more than double the numbers posted in January and March. Most of the sales – 15 – came in Eagle, with 13 sales closing in Vail. Gypsum, where sales have been running close to Eagle most of the year, had just three sales close.
Through the year so far, almost half of all sales have been in the $500,000 and under sector of the market. But sales of $2 million or more still make up just more than half of the dollar volume for all sales so far this year.
Through the first 8 months of 2009, Eagle has the most transactions with 77; Vail Village has the highest dollar volume with $64 million; Bachelor Gulch has the highest price-per-square-foot at $1,227; and Bachelor Gulch has the highest average sales price at $4.38 million. Vail Village has the highest sales price for a residential transaction at $15.9 million.
Even with August’s numbers, the valley’s sales are right at half of last year’s total, while the dollar volume is down by 65 percent.