January 15, 2018
The Eagle County had a strong finish in 2017.
The Vail Board of Realtors recorded 25 residential property sales for December 2017 in the slopeside segment of the Vail Valley Real Estate Market, which includes Vail Village, Lionshead, Beaver Creek, Bachelor Gulch and Arrowhead. Average sale price was $1,155 per square foot, over 21% above the 2016 average of $952 per square foot.
Those 25 sales accounted for one third of 75 sales in the Eastern Vail Valley – from East Vail to Wolcott – in December, up from 66 in November and very close to the December 2016 total of 73. Price per square foot ticked up to $632 in the east, its highest point since hitting $655 in April. Sales price in 2017 averaged of $593 per square foot – up 8.2% from the 2016 average of $548.
Price per square foot averaged $539 for MLS properties sold in the Eastern Valley 2017. In 2013, that average was $475.
Thinking of selling your Vail Valley Home? Depending on when you purchased your home, it may hold significant equity. The best way to ascertain the value of your property is to ask for a professional analysis. Michael Routh and the Rocky Mountain Home Team offer a no-cost, no-obligation comparative market analysis to give you the information you need to make informed decisions in the Vail Real Estate Market.
In the Vail Valley’s western market, including Eagle and Gypsum, the MLS recorded 30 sales for December. Average price per square grew dipped to $222 in December, bringing the average for the year to $222 as well. That represents an increase of 5.7% over the 2016 average of $210.
Are you renting a home in Eagle County? Historically low interest rates are still low while rents keep rising. It may be the right time for you to own a 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.
What to Do in the Valley
The new year has brought some new snow to the Vail Valley! Vail Resort has reported 14 inches in the past 7 days, bringing the current base depth to 32 inches. Twenty-six of Vail Mountain’s 31 lifts – and all but a handful of trails – are open as of Jan. 15. At Beaver Creek, all but one of 21 lifts are running, but only 70 of the 150 trails are open.
Michael Routh’s Rocky Mountain Home Team is one of the Vail Valley’s top-producing real estate teams. If you are looking to buy or sell a home in Eagle County, Colorado, we would love to hear from you! Contact us today at 970-306-7711.