Eagle County Real Estate Sales Staying Soft

The first quarter of 2008 has come and gone, and the sales numbers are down across the board, except for the high-end market.  The high end market is seeing one of its best years ever.  There have been 25 residential transactions over $4 million through March 2008.  It would seem the segment of the population not affected by unstable financial markets are acquiring resort property in earnest.

The total sales volume of $228 million for March was 86% of last years March total.  The total number of transactions for the month, 145, is down 31% from last year and down over 50% from 2005.  The current trend is a decreasing numbers of transactions, with somewhat stable prices, leading to increasing average sales prices.  (this is somewhat misleasding, as individual homes are not seeing this price appreciation in the current market.)

Please contact me to recieve the March 2008 and the Year-To-Date sales statistics for Eagle County in PDF form, or to discuss the Vail Valley real estate market.

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