The snow piled up higher and kept coming later in the Vail Valley, but in terms of Real Estate 2019 is starting to look a lot like 2018. That’s welcome news, considering 2018 saw a strong, stable market in most segments of the Eagle County real estate market.
At the top of the market, The Vail Board of Realtors Multiple Listings Service recorded an average of 22 sales per month for the first four months of 2019, down from almost 25 per month for the same period of 2018. Sale price edged up 1.33% over the first four months of 2018.
Meanwhile, the wider Eastern Vail Valley market, from East Vail through Edwards and Wolcott, saw very little change as well. Transactions averaged just over 63 sales per month from Jan through May 2019, down ever so slightly from the 2018 average of 65.75. Average sale price for the first four months of 2018 and 2019 were identical at $688 per square foot.
In the west, the number of transactions averaged just under 21 per month for the first four months of 2019, down from over 25 per month for the same period of 2018. Sale price per square foot is up over the first four months of 2018 – so the slight slowdown likely has more to do with a lack of inventory than a lack of demand.
For a closer look at the numbers for Vail Valley Real Estate, check out our Market Report page.
Want to know what current market conditions could mean for you and your real estate goals? Contact the Rocky Mountain Home Team at 970-306-7711.
National Real Estate News
“This drop in rates is going to give the housing market a boost. It could help to make people come back into the market and consider buying a home.”
“Despite some affordability issues in the West, the numbers indicate that there is a reason for optimism. Inventory has increased, too. These are great conditions for the region.”
“We are proposing a new, more transparent set of requirements that will preserve our enforcement authority. We anticipate that this will encourage more lender participation in FHA business, thus increasing competition in the market and resulting in greater choices for borrowers.”
Vail Valley News
What would you like to see at the Edwards Field House? Mountain Recreation is conducting a survey on its website to find out what users want as they “re-imagine” the facility. Similar to surveys conducted prior to a remodel of the Gypsum Recreation Center, the results will guide Mountain Recreation (formerly Western Eagle County Metropolitan Recreation District) in re-creating the Field House to serve the public’s current needs. The bilingual survey only takes a few minutes, and can build a better Field House for the community.
If you plan to buy or sell a home in Eagle County, CO, the Rocky Mountain Home Team can help! With over 30 years of combined real estate experience, we have the proven systems and expertise to assist you in realizing your real estate goals. Contact us today at 970-306-7711.