A strong start for April as the Vail Valley Real Estate Market Rolls into spring. Plus, a look at the real estate habits of the oft-overlooked Generation X.
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 recorded 52 residential property sales in Eagle County for the first 15 days of April 2017. Average sale price for the period was $647 per square foot. Sixteen of those sales were in the Slopeside market of Vail Village, Lionshead, Beaver Creek, Arrowhead and Bachelor Gulch – including the top sale for the 15 day period, a Vail Village duplex selling for $13,500,000.
Meanwhile, ten sales were recorded in the Western Eagle County Real Estate Market from Eagle to Gypsum. Average list price for the west was $228 per square foot. Days on market averaged 107 days, but that’s a misleading number. While four properties took over 100 days to sell – including a Million-dollar Eagle Ranch home on the market for 467 days – the remaining six homes sold in a week or less.
This noticeable split between lower- and higher- price point homes means home owners thinking of moving up to a larger home are in a great position. Between current low interest rates and a stronger market for what they are selling than what they are buying, it’s a great time for move-up homeowners in the Vail Valley.
Homes at lower price points are in very high demand throughout the Vail Valley. Contact the Rocky Mountain Home Team to learn what your Vail Valley home may be worth.
In the ongoing conversation between Baby Boomers and Millennials, it can be easy to forget there’s actually a group stuck between the two. Every so often, though, we get a reminder – such as this survey from the National Association of Realtors.
Home-building slid in March, 6.8 percent below estimates to a rate of 1,215,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 6.2 percent from February to 821,000. Starts for units in buildings with five units or more came in at 385,000. (Story from RISMedia)
Vail Valley Ski Report
Beaver Creek Ski Resort had its final ski day of the season on April 16, and Vail’s last call will be on Sunday, April 23. With warm weather and not much snow in the forecast, it appears ski season is wrapping up just in time.