Saturday, April 9, 2011
February'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.
February continues the pace set last January ... 82 transactions compared to January's 90 ... which is a bit disappointing because February numbers typically get a boost from the Presidents' Week holiday. January and February's pace was pretty much the same as 2010's. I guess I have to thank the heavens for March's performance which dramatically picked up the pace ... see my most recent, prior post "Rockin' Out' dated April 5th.
February's 82 transactions had an average price of $1,000,000. While 45% of all transactions are still being sold for under $500,000, there were 5 transactions over $5 million that helped jump our average sales price for Eagle County to the $1 million figure.
Bachelor Gulch had one sale in February selling for $8.9 million. Condominiums at the new SOLARIS in Vail Village continue to sell at an average price of more than $7 million with 3 sales in 2011 totaling $22 million. Condominiums at The Ascent at the foot of Beaver Creek are also playing a large role in the 2011 statistics reporting 19 sales totaling $10 million; the Ascent units are averaging $362 a square foot.
Avon was the area with the most transactions in February with 18. There were 6 sales in Vail Village accounting for 80% of the total dollar volume in Eagle County.
To see a detailed breakdown of the activity behind these stats, please click this link to the Land Title numbers:
Land Title’s February 2011 Market Analysis .
And, of course, contact me with any of your questions, comments or requests at email@example.com. I am here to help.