Vail Valley Real Estate News for Jan. 23, 2015

East5

A strong start for Vail Valley Real Estate in 2015, distressed property on the decline, and a comedian who puts the “hip” in “hypnotist.” 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.

The first 20 days of January 2015 saw 34 residential property sales in the Vail Valley, according to the Vail Board of Realtors Multiple Listing Service. The top listing for the period, a single family home in Beaver Creek, sold for over $5 Million, and eight homes sold for over $2 Million. Sale price per square foot was $651 on average.

2015 sees the distressed property market in decline.  Of 138 homes currently under contract in Eagle County, only 11 are short sale properties and just 3 are bank owned homes. Currently, five short sale properties and 3 bank owned properties remain on the market in the entire Vail Valley.

In an increasingly competitive Vail Valley Real Estate market, great deals may still be out there but may be harder to find. The Rocky Mountain Home Team has the experience, connections and local knowledge you’ll need to have an edge in your search for a Vail Valley Home.

National News

Here’s another reminder that our market is different. Average home prices nationwide “stood still” in the fall of 2014, according to the latest FNC Residential Price Index. Things were quite a bit different in Eagle County, as a look at our Market Report Center will show.

Share prices in Zillow and Trulia surged today, suggesting investors have gotten wind that the Federal Trade Commission intends to sign off on the companies’ proposed merger. Trading in Zillow and Trulia has been heavy, with twice as many shares changing hands before noon Eastern time than is typical for an entire day.

What to Do in the Vail Valley

Improv comedian Rusty Z brings the “hip” back to “hypnotist” with his unique blend of hipster stage persona and stage hypnotism techniques.  Catch his act tomorrow at the Back Bowl in Eagle

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s