Vail Valley real estate transactions in Jan., Feb. jump 72 percent
Vail, CO, Colorado
The Vail Valley real estate market isn’t roaring – by a long shot – but it’s significantly better than it was through the first two months of 2009.
Land Title Guarantee Company Wednesday released real estate sales figures through the first two months of this year. Those numbers show both sales totals and transaction numbers up significantly from last year.
Granted, that’s a pretty low bar. The sales numbers from March of last year were the lowest in Eagle County for more than 20 years.
There have been 174 completed sales in the county through Feb. 28, a 72 percent increase from 2009. There were 58 residential sales in February priced at $1 million or less, and sales of $500,000 or less made up 38 percent of all sales.
Of the 95 completed sales in February, 57 were in Avon, at an average price of $635,000. Eagle and Gypsum accounted for 26 sales, with the average price for the region right around $550,000.
There were four mega-sales – properties that sold for $5 million or more – in February. Those sales totaled nearly $24.5 million, more than the sales volume for all properties sold for $1 million or less.