The numbers for the first half of July in the Vail Valley, why it’s a good time for home sellers, and a little Taste of Colorado! 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 56 residential property sales in Eagle County for the first 15 days of July 2015, an increase of almost 70 percent over the same period for July 2014. Average sale price was $412 per square foot, up 35 percent over July 2014. Days on Market also rose on average, from 95 days to 134 days in 2015. At total of 96 residential properties went under contract in the first 15 days of July, while 90 new listings entered the market. Distressed property sales remain very low in all regions.
Visit our Vail Valley Real Estate Market Report Center for more detailed information on homes in Eagle County.
Mortgage rates dropped this week from last week’s 2015 high. Interest rates remain at historic lows, though recent word from the Federal Reserve suggests they may not be that way for very much longer.
The National Association of Realtors reports that it isn’t just the Vail Valley – 2015 is a great year for home sellers nation wide. So long as prices remain affordable and mortgage rates remain at historic lows, home buyers are in a good place, too.
Realtor Magazine has an interesting feature on the Rise of Backyard Farms. This is not a new thing in the Vail Valley … good to see it catching on!
What to do in The Vail Valley
The Flavors of Colorado festival going on now at Nottingham Park in Avon! A free, open-air event open to the public, Flavors of Colorado features food, drink, music, art and more … all with native Colorado flair! All ages are welcome, with a special “kids corner” for the little ones featuring activities that promote healthy living in fun and interactive ways.