Transaction volume is up, interest rates are still down, and several of our Trulia reviews are … gone?!? 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.
It looks like the “Summer Selling Season” had a strong finish in the Vail Valley. The Vail Board of Realtors’ multiple listing service recorded 79 residential property sales in Eagle County for the first 15 days of Sept. 2015, as contracts signed in August blossomed into September closings. That total represents an increase of over 50 percent above the first 15 days of August 2015 and over 40 percent of the first 15 days of Sept. 2014. Price per square foot averaged $420 while Days on Market averaged 95.
Arrowhead dominated the top of the individual sale price charts, recording the top three highest prices with two homes selling for over, and a third just under, $4 Million. Five Arrowhead homes sold during the 15 day period, matching EagleVail and Gypsum. East Vail and Homestead tied for most homes sold during the period with eight apiece – about one home every two days!
Vail Valley Real Estate is on the move! Whether you’re buying, selling, moving up or downsizing, the Rocky Mountain Home Team has the expertise and experience you’ll need in today’s rapidly shifting market. Contact us today and let our systems be your solutions!
Visit our Market Report Center for a more detailed look at Vail Valley real estate.
Of course, many of you already know the biggest news of the week – the Federal Reserve has decided not to raise interest rates … yet. As home prices begin to rise, low interest rates work to mitigate that by providing low interest loans for home buyers. Of course, there are other effects as well – and thus a variety of opinions on Thursday’s decision.
This one is personal as well as national: The Trulia-Zillow merger means many Trulia Reviews have disappeared! This actually happened to our Trulia page, as with agents throughout the country, without warning. To any of our clients who posted a Trulia review, we’re sorry this happened. We’d love to hear from you on Zillow or Yelp.
What to do in the Vail Valley
As the summer heat winds down, many hikers and mountain bikers pick up the pace – both enjoying the ideal temperature and making sure to get a few more outings before the snowfall starts. Of course, if you’d rather just relax this weekend the John Adams Band is putting on a John Denver Tribute Concert at Beaver Creek’s Vilar Center.