The snow is piling up, and real estate prices are on the rise. Here’s the latest from the Rocky Mountain Home Team.
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.
The Vail Valley Real Estate market is still on the rise. The Vail Board of Realtors recorded a 17.17 percent jump in sale price per square foot over the 2018 average in the Eastern Vail Valley. In the west, price per square foot rose just over two percent. This is just another reminder, if any were needed, that transaction volume drops in the winter, but prices do not.
The exception to February’s big numbers was the slopeside market, where the average for the month fell $156. No, the bottom hasn’t fallen out of the market, as the more modest gap of $53 dollars between list and sale price averages reveals. In this market, you’re looking at less than 20 sales per month of properties worth anywhere from under a million dollars to tens of millions. The particulars of what sells in any given month is going to affect your numbers much more than overall trends.
Visit our Vail Valley Market Report page for more information on the Eagle County real estate in the Eastern, Western and Slopeside markets.
VAIL VALLEY NEWS
Skiing, A La Carte
“Guests can create their own pass by selecting the number of days they plan to ski or ride – from one day to seven days – and whether or not to add holiday access. Guests can use their customized Epic Day Pass anytime throughout the season at any of the Company’s North American owned resorts.”
Farming the Sun
“We went up and down the valley looking for somewhere and this is where we ended up,” Zimmerman said.
The snow just won’t stop coming! We have had 282 inches for the current season in Vail and 264 in Beaver Creek. If you enjoy skiing or snowboarding in powder, 2019 has been treating you very well so far.
The Rocky Mountain Home Team is one of the Vail Valley’s top producing real estate teams, with over 30 years of combined real estate experience. Whether you’re buying, selling or investing in real estate in Eagle County, Colorado, have the expertise to help you meet your goals in this unique market.