Vail Valley Real Estate News for Wednesday, Sept. 3, 2014

2427 Garmisch Drive B Vail CO-large-028-Deck-1500x1000-72dpi

The Rocky Mountain Team closed on our 2427 Garmisch Drive B listing last Wednesday. Congratulations to the new home owners!

The numbers for August, Wings & Wheels, and how just how many average homes can you fit on a standard American football field? This is an archived edition of our weekly news brief.  Visit our Vail Valley Real Estate News page for the latest updates.

 Wednesday, Sept. 3, 2014

August 2014 was a busy time for Vail Valley Real Estate. The month saw 106 residential properties sold in Eagle County, including 14 homes over $1 million and 4 over $2 million.  The average home was listed for $686,283, and sold for $650,564 after 123 days on market.  Nineteen homes sold on Friday, August 29 to ensure a strong finish before the Labor Day weekend.  Slope side properties in Vail and Beaver Creek accounted for 26 total sales, including six over $1 million.

To find more specific information about a particular area of the Vail Valley, visit our Market Report Center.

National News

“If you had a normal mix of detached and attached single-family homes built for sale with the median lot size, about 5.6 of them would fit on a standard American football field between the goal lines, compared to almost exactly 5 and a half for single-family detached only.”

“To overcome the additional debt from student loans, indebted college graduates need to make more income than college graduates without student loans to be able to afford a home.”

One of the many services a professional listing agent can perform is an honest look at your home through different eyes. Here’s a classic article on an often-overlooked part of preparation, “The Place in Your House You Never Thought to Stage.”

What to do in the Vail Valley

The popular Wheels & Wings show returns to the Vail Valley Jet Center in Gypsum on Saturday, bringing hundreds of cars, airplanes, aircraft and motorcycles to the Vail Valley. The action starts at 10 a.m., with aerobatics shows at 11 a.m. and 3 p.m.

The first weekend of Vail Oktoberfest brings Munich to the streets of Lionshead this Friday, Saturday and Sunday.  Emulating the more than 200-year-old celebration known by millions around the world, Vail’s Oktoberfest will delight guests for two whole weekends with Bavarian music and dancing, traditional fare, yodeling, alpenhorn blowing, Bavarian beverages and much more. Oktoberfest 2014 will see the return of many crowd favorites like bratwurst eating contests, Keg Bowling and the Oktoberfest Fun Run.

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