As nights turn cooler and daylight shortens, the last days of summer are here. Fall will soon paint the aspens gold and orange, creating ribbons of color amidst the dark evergreens. This is the most beautiful time of year and fewer crowds and great weather make for happy hiking, biking and hanging out.
 
If you need something to do, check out the Vail Oktoberfest in Lionshead September 7 – 9 or in Vail Village September 14 – 16. Car fanciers can ogle their favorite wheels at the Vail Automotive Classic September 7 – 9, while the Farmer’s Market runs Sundays through October 7. My personal pick is Vail/Beaver Creek’s Dining at Altitude September 28 – October 7 with restaurants offering prix fixe specials for $20.18.
 
The latest real estate figures show $186 million in total dollar volume and 179 transactions for July, slightly higher than last year. Vail Village sales accounted for $55 million, twice that of any other area and 30% of Eagle County’s total, primarily because of two home sales, one for $23M and the other for $14M. However, the yearly dollar volume for Beaver Creek is higher with $192M in total sales, compared to Vail Village’s $171M. This is primarily because the price point at Beaver Creek is less and many older homes are candidates for remodeling.

 

There were 1180 transactions through July and 316 were sold to out-of-state residents (not including LLCs which can be registered in Colorado, while the owners live elsewhere). Since August, there have been 129 sales, seven over $3 million. The July and year-to-date market analysis of specific areas can be tracked here.
 
Please let me know if you have any questions about the Vail Valley and our real estate market. It’s always great to hear from you!
 

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.