A look at the first half of June in Vail Valley Real Estate, how a Panda Suit might help you sell your home and classical music at Bravo Vail. This is an archived edition of our weekly news brief. Visit the Vail Valley Real Estate News page for the latest from the Rocky Mountain Home Team!
The Vail Board of Realtors Multiple Listing Service recorded 53 residential property sales for the first 15 days of June 2016, down over 27% from the same period in June 2015. Sale price averaged $389 per square foot for Vail Valley homes, down about 14% from 2015. Days on Market averaged 231. These numbers may be due in part to an early start to the 2016 selling season, especially in the west, where May saw a record number of transactions. However, with 71 homes put under contract in the same 15 days, we’re still looking at plenty of activity for summer 2016.
For more information on the Vail Valley Real Estate Market, visit our Vail Valley Real Estate Market Report Center.
“Given the weak employment report for May, we think it is unlikely that the Fed will raise rates in June. However, as other economic data are pointing to continued economic growth, we do expect that they will increase rates following their July meeting.”
At the Rocky Mountain Home Team, it is our job to stay on top of all the latest real estate marketing techniques and review the data to see what is working and what is not. That’s why we already know we might have to invest in Giant Panda suit. Admittedly, it’s a small sample size, but the results speak for themselves.
What to do in the Vail Valley
The Reds, Whites and Blues festival returns Friday and Saturday, June 17 and 18, bringing live music, food, craft beer and wine to the Vail Valley. You can find more information about the event, returning to Avon for its fifth year, at www.redswhitesandblues.com.
Already the only summer music festival with three resident orchestras, Bravo! Vail adds Academy of St Martin in the Fields this summer to a pretty stocked roster in the Dallas Symphony Orchestra, The Philadelphia Orchestra and the New York Philharmonic. Check out the Vail Daily’s picks for must-see shows.