February 2008 Sales Statistics
Real estate sales have continued to slow considerably here in the Vail Valley.? There were only 131 transactions in the month of February, less than half of last year, and significantly less than both '05 and '06.? The total sales volume was down from last year's massive February, but higher than the totals?from both '05 and '06, due in a large part to the continued strength on the high end market.? (13 properties sold over $4 million.)?
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It remains to be seen to what extent national market conditions will affect our local market, but expect 2008 to be a challenging year.? There are buyers out there for well priced properties, but gone are the days of 20-30% per?year appreciation.? I doubt we will see prices decrease as they have in other regions, but I do expect our market to be flat.?
Please feel free to call or email me to discuss specific buying opportunities within our slowing market, or to receive January and February '08?sales statistics in PDF form.
Contributed by Doug Schwartz 04/07/2008
Office: 970-390-4660 | Cell: 970-390-4660 | Fax: 970-926-2698
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