Vail Real Estate Stats for 2008

With summer in full bloom and 2008 half over, many second home owners and locals are wondering about what’s happening with the real estate market in Vail, Colorado?  Summarizing the sales of homes and looking at what’s on the market will provide answers to this question.

So far, in the first half of the year only eleven homes have sold in Vail proper. Two of the homes sold in January, three in February, two in March, one in April, one in May and two in June. For sellers, those numbers represent a stagnant market. Five of the homes sold for over $3,800,000 and all the way up to $10,500,000. Four homes were sold under the million dollar mark.

For buyers, the market seems wide open. There are eighty-five homes on the market in Vail Village ranging in price from $725,000 all the way up to a staggering $19,200,000. Forty-three homes are on the market priced at $4,250,000 and above. Of those forty-three high priced homes, thirty-seven are brand new in 2008.

For more information on any homes for sale in the Vail Valley, please contact this author, Keith Thompson, at 970-331-5805 or email at keith@gatewayland.com

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