Deerlightful spring time
Seasons change quickly in the Colorado mountains, and the transition from winter to spring means wildlife are on the move. Vail’s own bighorn sheep herd can be spotted grazing next to I-70, (much to the concern of people, not the animals), and deer & elk are roaming areas where snow has melted and tender shoots poke through the ground.
Change also happens in real estate with year to year statistics varying depending on your perspective. According to the Colorado Association of Realtors, the inventory of Eagle County single family homes for the first quarter of this year compared to 2018’s dipped, while the sales price and number of days on the market increased. Year to date figures show a 25% decrease in sold properties but a 19% increase in sales price.
Townhomes and condominium sales comparisons of last year’s first quarter to this year’s show a 6% increase in sold listings, but a 7% decrease in price. Complete figures are in the local market update.
There have been 306 residential sales to date, compared to 330 last year. Twenty-three sales this year were over $3 million, twelve of which closed in March & April. These include a $17,250,000 home on the Vail golf course, a $10,500,000 condominium at the Four Seasons and an estate in Eagle County for $15,454,000.
Overall confidence in the economy remains strong, and the forecast for robust real estate sales is positive. This year’s amazing winter has buoyed buyers’ enthusiasm and the beautiful summer ahead should continue to spur activity. Low interest rates also motivate consumers to purchase without worry that there will be a near-term spike.
If you have any questions about local happenings or the real estate market, please contact me. It’s my greatest pleasure to share my love of these magnificent mountains.
Wishing you the very best, Carolyn