Vail Valley Real Estate News for Friday, Sept 26

Congratulations to Tyler Hopkins and Kaylee Porter, who closed on their new home this week with the Rocky Mountain Home Team!

Congratulations to Tyler Hopkins, Kaylee Porter and Silas, who closed on their new home this week with the Rocky Mountain Home Team!

This is no off season for Vail Valley Real Estate! September’s big sales, national new construction news, and where to get your 1920’s fix this weekend. This is an archived edition of the Rocky Mountain Home Team’s weekly news brief. Visit our Vail Valley Real Estate News page for the latest news!

Friday, Sept 26, 2014

This is no shoulder season for the Vail Valley Real Estate Market! So far, September has recorded 93 residential sales.  That leaves September just 17 short of August’s 110 total sales with four days to catch up.  Since it is not unusual to see a bump in activity at the end of any month, odds are good September will pull ahead in the end.

One measure which by which September is already the clear winner is average sale price, currently $996,724 and well above August’s $672,709.  Ski resort properties at the top of the market remain hot as the valley prepares for ski season, with some homes selling after as few as 10-20 days on market.

Visit our Vail Valley Real Estate Market Report Center for a more detailed look at the trends and numbers for Real Estate in Eagle County.

National News

Existing home sales slipped in August after four consecutive months of gains.  The National Association of Realtors attributed the dip to a retreat of investors paying cash.  Sales actually increased in the Northeast and Midwest, but were outweighed by declines in the South and West.

A joint survey by the Census Bureau and the Department of Housing and Urban Development reports that new construction sales are back on track.  Supply is inching up as well.

The Rocky Mountain Home Team is always working to stay in front of new technologies that are (or should be) impacting our industry.  That’s one reason we’re following the latest developments in drone technology and regulation.  (The other reason is that drones are cool and can take great footage.)

What to do in the Vail Valley

Looking for some 1920’s action, complete with bolero hats, suspenders and flapper girls? The Top Shelf Harvest Festival in Lionshead has you covered!  The event kicks off Vail Beaver Creek Restaurant Week, and pairs cuisine from nine Vail restaurants with classic and innovative craft cocktails made with spirits from Colorado distilleries.

The Town of Avon will celebrate the opening of Mikaela Way Monday at 5 p.m.  The new street, named after Olympic Gold Medalist Mikaela Shiffrin, will be a quarter-mile long and connect to the Avon Rec Center and the town’s new pedestrian mall.  Shiffrin herself will arrive at the ceremony via the Fire District’s vintage Gilman engine.

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