July 2018 - Market Analysis

Eagle County real estate remained steady in July with $186M in total dollar volume and 179 transactions; both numbers are higher than July last year, $154M and 171 respectively. This brings both year to date totals slightly higher than 2017.

Vail Village had a high dollar volume month accounting for nearly 30% of the county’s total in July with $55,035,000, and twice that of any other area. Two of the main contributing factors was a $23,000,000 sale in Vail Village - the highest sale in July - and a $13,950,000 sale in Vail Village, which was the highest PPSF for July at $2,808. This brings the yearly dollar volume total for Vail Village to $171M, only second to Beaver Creek with $192M in total sales.

There have been 1,179 real estate transactions through July: 316 of these transactions were sold to residents outside of Colorado. Texas residents have the most purchases this year with 68; followed by Florida with 37; and California and Illinois, both with 27 sales.

Area Spotlight: Avon

Avon has seen positive growth since last year in terms of dollar volume and transactions. Total dollar volume is up 33% over last year with year to date at $61M. Transactions are up 16% with 102 year to date in 2018. The average price for multi-family homes in Avon has also gone up 16% since last year - $536,380 compared to $461,192 - and averages are at $507 per square foot. 

Click the link below to access this months complete Market Analysis.

July 2018 Market Analysis
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