2018 is ending on a strong note for Vail Valley Real Estate.
The Vail Board of Realtors Multiple Listings Service recorded 113 Residential Property sales for the month of November 2018. Just 19 of those sales were in the slope side market, including Vail Village, Lionshead, Beaver Creek, Bachelor Gulch and Arrowhead – but sale price hit its third-highest monthly average at $1,086 per square foot.
The wider eastern Vail Valley Real Estate market – from East Vail to Wolcott – saw 69 recorded sales, with an average sale price of $612 per square foot. Meanwhile, in the West, sale price hit its highest monthly average of the year at $268 – which was also the average list price.
Visit our Vail Valley Real Estate Market Report page for a closer look at the numbers.
It’s not just the snow piling up in the Vail Valley – you may want to check your home’s equity! The Rocky Mountain Home Team can provide a no-cost, no-obligation market analysis of your home’s current value.
“Home flipping acts as a canary in the coal mine for a cooling housing market because the high velocity of transactions provides home flippers with some of the best and most real-time data on how the market is trending. We’ve now seen three consecutive quarters with year-over-year decreases in home flips.”
“Mortgage rate increases don’t automatically push home sales down. In 1984, 1994, and 1999, interest rates rose about two percentage points in each year while home sales either stayed flat or continued up.”
140 Wildflower Lane – A Rocky Mountain Home Team listing
The Red Sky Ranch home for sale at 140 Wildflower Lane is far smaller than the homes typically found in this exclusive, gated neighborhood – built around golf courses designed by Tom Fazio and Greg Norman – and represents a unique opportunity for the right buyer. This serene and picturesque mountain setting is just 20 minutes from the world-famous ski resorts at Vail and Beaver Creek.
140 Wildflower Lane is well appointed with granite counter tops, wood floors and stainless steel appliances. Features include a first-floor master, separate caretaker’s quarters and a three car garage.
Learn more about 140 Wildflower Lane.
Whether you’re looking to buy, sell or invest in Vail Valley Real Estate, the Rocky Mountain Home Team has the experience and expertise to help you meet your goals. Contact us today at 970-306-7711.