Oct 25, 2017: Vail Valley Real Estate News

A look at the numbers for the first half of October, plus Amazon Key and Halloween comes to the Vail Valley. This is an archived edition of our regular news brief. Visit our Vail Valley Real Estate News page for the latest from the Rocky Mountain Home Team

Oct 25, 2017

The Vail Board of Realtors’ Multiple Listings Service recorded 105 residential property sales in the first three weeks of 2017 deals made during a busy summer for Eagle County Real Estate yield closings.  Average sales price was $484 per square foot, up 11% over September.  Days on Market averaged 109 for the Valley as a whole.

In the Slopeside Markets, including Vail Village, Lionshead, Beaver Creek, Bachelor Gulch and Arrowhead, sales averaged one home per day over the 21 day period. Average sale price per square foot was $1007, up a whopping 23.5% over the same period in September.

As of Oct. 24, there were 726 homes for sale in the Vail Valley, with another 231 homes under contract. As usual, the main hurdle for many buyers remains affordability: Only eight residential properties are listed for $300,000 or less. Mortgage rates remain at historic lows, meaning homeowners can pay less per month than renters – provided they can find the right property.

Are you renting a home in Eagle County? It may be worth looking at owning your own Vail Valley home. Contact the Rocky Mountain Home Team at 970-306-7711 to learn how we can help you navigate today’s fast-changing market and meet your real estate goals!

Visit our Market Report page for more on Eagle County Real Estate.

National News

Would you give Amazon the keys to your home? The online shopping titan is now offering a service, Amazon Key, in select markets allowing delivery people access to your home in order to leave packages “just inside your front door.”  While this does seem like it would help combat package theft, it also raises questions about, beyond vetted potential buyers accompanied by a licensed agent, exactly how much access to their property homeowners are willing to allow – and under what conditions.

Denver is already on the list of cities eligible to purchase the $249.99 kit, meaning it may not be long before we start seeing this service in Eagle County.

What to Do in the Valley

For an early start on Halloween fun, visit Beaver Creek Village Friday, October 27 for “Trick or Treat Village.”  Events include store-to-store trick-or-treating, a costume contest, pumpkin patch and a free screening of Monsters, Inc.  The fun starts at 5 p.m. Be sure to bring a bag!

On Halloween, Tuesday, October 31, Vail will host its 25th annual Trick-Or-Treat Trot. The action starts at 1 p.m. at the Vail Library for Spooky Story time, followed by store-to-store trick-or-treating from 2 p.m. to 5 p.m.  While a limited number of bags will be available at the covered bridge, you can make sure you won’t be left out by bringing the same bag from Beaver Creek!

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