Vail Valley Real Estate News for Feb 17, 2015

Information Courtesy of Land Title Guarantee Company.

Information Courtesy of Land Title Guarantee Company.

More confirmation that 2014 was a great year for Vail Real Estate, the numbers for the first half of February and the Trulia-Zillow merger approval.  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 Vail Board of Realtors’ Multiple Listing Service recorded 21 residential property sales in Eagle County for the first half of February 2015.  So far, eight properties have sold for over $1 million. Average Days on Market was 163, while average Sale Price was $598 per square foot.

Land Title Guarantee Company has compiled a complete report on Vail Real Estate for 2014, declaring it the best year in Eagle County since 2007 for Real Estate. Land Title’s Market Report differs from our own only slightly, as the Land Title report adds unlisted sales to the Vail Board of Realtors Multiple Listing Service totals.  Since only a small percentage of sales are unlisted, the overall averages are minimally affected.  Both sets of data reveal rising prices at the top of the market and a decline in bank-owned property sales – both signs of a robust real estate market.

For more information on Vail Valley Real Estate, visit our Market Report Center.

National News

Training Magazine has named Keller Williams the number one training organization in the world, moving up from the No. 2 slot in 2014.  “To ensure that the most effective motels and systems are included in training materials, Keller Williams constantly renews its training programs,” the Keller Williams Blog reports. “Information compiled from the proven models and systems of top agents and leaders in the field are incorporated into training programs.”

“Zillulia” is now a reality.  The Federal Trade Commission has given the final go-ahead to a Trulia-Zillow merger that has been a long time in the making.  Part of our job supporting Vail Valley buyers and sellers is dealing with syndicated portals – correcting and optimizing our sellers’ listings, and educating our buyers in what they can (and can’t) safely learn about a property on these sites. Our response to one of the deal’s more enthusiastic boosters at Business Week does a good job of summing up our thoughts on what we can expect – and not expect – from this deal.

What to do the Vail Valley

Now that the 2015 Alpine Ski Championships have wrapped up at Vail and Beaver Creek, Vail Valley residents and visitors alike are back to hitting the slopes themselves.  Snow is forecast for later in the week, which may put an end to the unseasonably warm weather for the first half of February.

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