LATEST STATS

Tuesday, March 22, 2011

January's performance data for all of Eagle County, compiled by Land Title Guarantee Co. Inc., has just been released. Eagle County encompasses all of the resorts of the Vail Valley -- including Vail, Beaver Creek, Lionshead, Arrowhead and Cordillera.

Eagle County real estate purchase/sale activity began the year comparable to 2010. With $86,162,658 in dollar volume and 90 transactions, activity in this first month of 2011 is 1% less in dollar volume and 11 transactions less than January of 2010.

Properties selling for less than $500,000 accounted for 59% of all transactions, while properties over $2 million accounted for 63% of the dollar volume.  This includes 5 transactions which were each over $4 million. Two properties sold for more than $10 million: one in Beaver Creek for $10.5 million, and one in Bachelor Gulch for $10.3 million.

Interestingly, vacant land seems to be off to a good start in 2011 with 10 homesites selling in January (equal to an annual rate of 120). For all of 2010 there were a total of 79 lots sold.  It takes some optimism and some confidence in the future to buy land, hire an architect, hire a contractor, and build a home.

Click on this link to see complete statistics broken down by resort, area, and by price point:
Land Title’s January 2011 Market Analysis