Vail Valley Real Estate News for Friday, Nov. 14, 2014

225 Eagle Dr Avon CO 81620 USA-large-008-Living Room-1495x1000-72dpi

Michael Routh and the Rocky Mountain Home Team successfully closed our 225 Eagle Drive 4A listing in Eagle Vail’s Mountain Terrace this week. Congratulations to the new owners!

The market cools down in November, a great idea for a gift registry and a friendly reminder from the Eagle Winter Market & Holiday Fair that Christmas is just 40 days away.  This is an archived edition of our weekly news brief.  Visit our Vail Valley Real Estate News page for the latest from the Rocky Mountain Home Team!

November 14, 2014 

The Vail Valley Real Estate market appears to be leveling off after an unusually productive October.  The Vail MLS records 28 sales through Nov 13, a 52 percent decline over the same period in October.  Activity at the top of the market cooled slightly as well, with three sales over $2 Million for the month to date.  Sales declined by 38% compared to same period of Nov. 2013, but sales yet to be recorded and delays due to inclement weather may boost this month’s numbers over the next week.

Historically, October has been a big month for Vail Valley Real Estate.  October 2014 in particular represented the fifth straight month of sales growth for Eagle County homes, totaling 125 sales – the highest total since Oct. of 2012.

For more detailed information on the Vail Valley Real Estate Market, visit the Rocky Mountain Home Team’s Market Report Center.

National News

The 30 year fixed-rate mortgage is sitting at around 4 percent, keeping borrowing costs low for home buyers and refinancers alike.  Meanwhile, the National Association of Realtors reports rising prices for single-family homes in 73 percent of its measured markets.

This is a great idea.  Tying the registry to a single lender is the only flaw we can find, but that might be offset by more lenders offering a similar program.

The News Corp acquisition of Move, Inc., is now official. Zillow’s acquisition of Trulia, still under review by the Federal Trade Commission, is set for February.

What to do in the Vail Valley

The local folks behind the Winter Market & Holiday Fair remind us that we have 40 days left until Christmas as of Friday.  Approximately 45 vendors will be present at this weekend’s event, to be held at the Eagle River Center in Eagle today and tomorrow.  Don’t forget your non-perishable food item for the Vail Valley Salvation Army food pantry!

The 2014 Black Diamond Ball is three weeks away. A 16-year start-of-season tradition and the Vail Valley Foundation’s premier fundraiser, the Black Diamond Ball easily sold out in 2013, and tickets are going fast for 2014. Get your tickets in advance.

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