Adding a feather in its very large cap, Vail announced that it has been certified as a sustainable mountain resort destination, the first in the world. Like many mountain resort destinations, Vail’s economy is highly dependent on tourism. While the town is home to just under 5,500 local residents, it welcomes 2.8 million guests annually. Since the ski area’s founding in 1962, and the Town’s founding in 1966, Vail has focused on balancing tourism growth with local environmental and community needs, through its progressive conservation policies and programs.
Sustainability also is continuing in 2018’s real estate numbers. Through the first half of the year, Eagle County had 1000 transactions (the most since 2007) and over $1 billion in total dollar volume. The high-end market had 63 sales over $3M through July, compared to 54 in 2017, with the most expensive a home in Vail Village that sold for $23M. The June Market Analysis provides an in-depth look at the market in the first half of the year.
New construction and remodeled residences continue to be in demand, as buyers prefer move-in ready homes. One such offering is a beautiful two bedroom, three bath condominium in Vail Village with ski-in/ski-out access; please contact me for more information.