IMPROVEMENT EVIDENT NATIONALLY and LOCALLY

Friday, January 28, 2011

NATIONALLY: This week The Commerce Department reported a 17.5% increase in new home sales in the month of December 2010, bring sales to their highest level in eight months. Sales are still down from 2009 by 7.6% as the market continues to struggle with foreclosures which, when they come on the market, compete with new homes for buyers' attention and dollars. At least the news is good for today.

LOCALLY: 2010 was definitely better than 2009.  Our local newspaper, The Vail Daily, reports the following:

VAIL REAL ESTATE SALES:
2010:
* More than $10 million: SIX
* $5 million to $10 million:  32
* $2.5 million to $5 million: 46
* Less than $2.5 million:  428

2009:
* More than $10 million: ONE
* $5 million to $10 million: 10
* $2.5 million to $5 million: 12
* Less than $2.5 million: 337

2008:
* More than $10 million: 15
* $5 million to $10 million: 34
* $2.5 million to $5 million: 116
* Less than $2.5 million: 367

2007:
*More than $10 million: FIVE
* $5 million to $10 million: 15
* $2.5 million to $5 million: 50
* Less than $2.5 million: 626

Thank God it's not 2009 any more.  I have more statistical information I can share ... contact me at cmiskell@slifer.net to request that I post it or email it to you.