Real Estate sales remain strong in the Vail Valley

2006 was the second best real estate year in history, falling short of 2005 by only 2%.  The number of transactions for the year was 3,115 for a total of $2,754,171,600 in sales.  The high end market with a sales price of more than $5 million per transaction was the driving factor in the 2006 volume.  The high end market accounted for 43 transactions with more than $300 million in sales.  The average price of a single family home was $1,210,790 and $822,364 for a mulit-family home.

Beaver Creek had the largest dollar volume at $39,345,000 and Lionshead saw the largest average sales price at $4,700,625.  Cordillera saw the largest increase in sales volume with a 37% jump over 2005, resulting in an average gain of $259,951 per sale.

For more information on real estate in the Vail Valley please feel free to contact Betsy Randall at (970) 401-3011 or email: betsy@gatewayland.com.  Please visit our website:  www.vailpropertysearch.com

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