After the whirlwind of the holidays, there’s usually a little break before life in the mountains gets busy again. Unless it snows. Then most locals are in the back bowls finding some powder and sharing the slopes with ski patrol and their faithful avalanche rescue dogs.
2018 real estate statistics show strength in all categories. There were 1354 residential sales in Eagle County with a median price of $682,000 (a 12% gain from 2017), and an average sales price of $1,250,000 (an 11% gain). Days on the market were reduced 7%, while the number of pending sales was the same as 2017.
In high-end properties, December had 14 sales over $3M, including two homes in Vail Village that sold for $23,000,000 and $12,800,000. This compares to ten December 2017 sales over $3M. The Town of Vail‘s 1% real estate transfer tax collections, usually split between the buyer and seller, increased 19% over 2017.
This season’s early and consistent snow brought visitors and increased sales tax and parking revenues for Vail and Beaver Creek. And with the snow come buyers looking to live the dream of life in the mountains, which should continue to positively affect Vail Valley real estate.
If you have any questions about this beautiful place and want specific information about neighborhoods or properties, please contact me. I am grateful for the opportunity to help and wish you a prosperous and happy 2019.
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.
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