Price per square foot averages so good they come with a disclaimer, mortgage rates are still low, and Trampled by Turtles is coming. 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!
March 2015 saw a general rise in average sale price per square foot for Vail Valley real estate, according to the Vail Board of Realtors Multiple Listing Service. In the Eastern Vail Valley, from East Vail to Edwards, price per square foot rose to $690, up from 2013 and 2014 and very nearly matching January’s record high of $691. Values in the west broke the $200 mark for the first time since June 2014. Distressed property sales remain a shrinking portion of the market, with 11 recorded in Eagle County for the first quarter of 2015.
AND NOW, A DISCLAIMER … As encouraging as these trends are, it is important to that averages do not tell the whole story. An uptick in average and median prices in a given market does not automatically translate into equal gains for all homes in all neighborhoods at all price points. Depending on when you purchased your home, and for how much – and of course how well you’ve treated it – you may find you have built up substantial equity, but this is not a guarantee.
The best way find out what your Eagle County home might be worth is still to have a free comparative market analysis of your home’s value prepared by the Rocky Mountain Home Team. We love crunching the numbers for Vail Valley Real Estate, and we’ll do it for anyone who asks – no obligation.
Visit our Market Report Center for a more detailed look at Vail Valley Real Estate.
So, how about those mortgage rates? Yes, we’re in the business, but it is worth pointing out that these extremely low mortgage rates aren’t going to last forever. If you want to buy a Vail Valley Home, now is a great time to look for a lender. You may be surprised by what you can afford.
The National Association of Realtors asks, “Should Retirees Remodel or Relocate?” As you might suspect, there’s no one correct answer…
What to do in the Vail Valley
Bluegrass-Folk-Rock favorites Trampled by Turtles will be performing a free concert at the Solaris in Vail on Saturday as part of the Spring back to Vail closing weekend celebration. Show starts at 7 p.m., after a 5:30 warm up with Frogs Gone Fishin’. The fun continues Sunday with pond skimming and the Greyboy Allstars