Real Estate Sales Up for October in Vail, Colorado

Real Estate in Eagle County, Vail, Colorado had a great October in both dollar volume and number of transactions according to Land Title Guarantee Company.   Here is what Land Title reports:

October sales soar!

Eagle County real estate had a great October in terms of both dollar volume and transactions. There were 218 transactions, which is up 68% over last October and officially surpassed the entire year's transactions in 2011. This is also the first time Eagle County has surpassed 200 transactions in any given month since September 2007. During 2007, Eagle County averaged 224 transactions throughout all of the year.

Dollar volume has also stayed strong with over $159 million in October, 42% above last year. This brings the total to $1.15 billion for the year, 26% above last year and just $6 million away from surpassing 2011 year-end volume.

Eagle continues to have the majority of the transactions each month with 33 in October. However, Eagle-Vail had 22 while Edwards followed closely with 18.

Six properties sold in October over $4 million; totalling nearly $43 million. The largest transaction was at The Lodge at Vail for $12.7 million, with a price per square foot of more than $2,400. 

Bank sales were down slightly in October with 25, accounting for 11% of the transactions.

October Highlights:

  • Vail Village accounted for nearly 22% of total dollar volume

  • Single-famly homes accounted for 51% of all residential transactions

  • The median sales price for all residential transactions was $400,000

Click here for Land Title's Market Analysis.