A look at Vail Valley Real Estate in the first three weeks of April, a nation-wide bump in contract signings and where to get your free comic books this Saturday. This is an archived edition of our weekly news brief. Visit our Vail Valley Real Estate News page from the Rocky Mountain Home Team.
The Vail Board of Realtors Multiple Listings Service recorded 42 residential property sales in Eagle County for the first three weeks of April 2015, down only slightly from 49 for the same period in March. Eagle County homes spent an average of 119 days on the market, and had an average sale price per square foot of $431. So far, April has recorded Five East Vail Condo sales, including three in the Vail Racquet Club. Five property sales were also recorded in Gypsum, with four in Eagle.
For a closer look at the Vail Valley Real Estate Market, visit our Market Report Center.
Nation wide, contract signings picked up in March for the third month in a row. Pending home sales are currently at their highest level since June 2013. National Association of Realtors’ Chief Economist Lawrence Yun was encouraged by the increasing numbers of “traditional buyers” taking the place of cash investors, but says supply needs to keep up with demand.
“Simply put, housing inventory for new and existing homes needs to improve measurably to improve affordability” Yun Reports.
This list is worth a look whether or not you’re planning on selling your Vail Valley Home: Five Great Home Improvements for $500 or less.
“NAR members know firsthand that patent trolls divert significant time and money away from their businesses and strongly support legislation to curb those abuses. The comprehensive reforms proposed in the PATENT Act, including to demand letters, are a good first step toward strengthening and restoring an essential balance to the patent litigation system, which has been urgently needed for years.”
What To Do In The Vail Valley
Rebecca Cohen, author of “15 Minutes Outside: 365 Ways to Get Out of the House and Connect with Your Kids,” will be on hand for an author’s Q&A Thursdy at the Bookworm in Edwards.
Saturday is Free Comic Book Day in the Vail Valley and beyond. Stop by Eagle Valley Music & Comics in Minturn for your free books and to say “Hi” to Tom at the counter.