December '06 sales up more than $25 million from Dec.'05

2006: The second best real estate year in Eagle County History!

The year 2006 ended in sales that gave Eagle County their second best real estate year in history. There was $2,754,171,600 of real estate sold with 3,115 transactions. This falls just 2% short of last year. Driving this year’s sales volume was the high-end market of over $5 million per transaction, which accounted for 43 transactions, twenty more than last year, and more than $300 million in sales volume.

Eagle County’s 2006 average sales price climbed to $884,164 in 2006, a 21% increase over 2005’s average of $696,060. Bachelor Gulch, Vail Village and Lionshead combined for an average sales price of nearly $3 million. Cordillera had the largest increase in sales volume with a 37% jump over 2005. Cordillera was also the only area in Eagle County with an increase in transactions of 20% over last year, resulting in an average sales price gain of $259,951.

Overall, Vail Golf Course, 11^th Filing saw the greatest appreciation in Eagle County with an increase in average sales price from $1,313,182 in 2005 to $3,083,692 in 2006, an increase of $1,770,510 in just one year!

December again saw abundant activity down valley as Eagle accounted for over 26% of the total transactions. Beaver Creek had the highest dollar volume at $39,345,100 while Lionshead saw the largest average sales price at $4,700,625.

Year End Highlights:

• Eagle County had an overall increase of $188,104 in average sales price since 2005.

• The high end market, over $2 million per transaction, accounted for 39% of the total dollar volume and 10% of all transactions in the county.

• The average price for a single family home was $1,210,790.

• The average price for a multi family home was $822,364.

• The average price for a vacant lot was $434,989.

December Highlights:

• The overall average sales price in Eagle County was $906,256

• The price of a single family home averaged $1,394,577 in price

• Eagle accounted for over 26% of the total transactions.

• Beaver Creek had the highest dollar volume at $39,345,100.

• Lionshead saw the largest average sales price at $4,700,625.

 For information on Real Estate in the Vail Valley, contact Gateway Land & Development at 970.926.6777.

Please contact Trevor at Land Title with any title questions:

Trevor Theelke     p.970.328.1465     Land Title Guarantee Company     ttheelke@ltgc.com

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