Real Estate Market Starting Strong in 2007

The Vail Valley real estate market for 2007 is off to a strong start!  

Another record setting month!

The total sales volume for this January shattered last year’s record by over $35 million, showing $173,416,500 in real estate sales in Eagle County.   2006 ended with the second highest real estate sales volume ($2.75 Billion) in the recorded history of Eagle County, second to the record setting previous year, 2005. ($2.8 Billion)

Another historical record was set in January, the highest average sales price of any given month ever at $990,951 per transaction. Elevating the average for January was the high average sales price of single family homes which was $1,425,005.

Also adding to the high average for the county was the $29 million in transactions taking place in Vail Village and Lionshead with average sales prices of $3,587,333. Figuring into the mix as well were 2 transactions of over $5 million with the highest being on Gore Creek Drive for $8,750,000.

The Valley leaders in the number of real estate transaction continues to be Eagle and Gypsum with over 50 transactions between the two areas.

January Highlights:

• The average sales price for single family homes is $1,425,005. 

• The average sales price for multi-family homes is $666,257 

• Eagle and Gypsum accounted for over 30% of all sales transactions in Eagle County.

Sales data compiled by Land Title.

For more information about real estate here in Eagle County call:

Doug Schwartz at (970)926-6777 or at dougs@gatewayland.com  or visit

www.vailpropertysearch.com

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