Do you love living in or visiting the Vail Valley? If you had a highly experienced resource in the Valley, would you use it for all of your needs? I have lived here for 24 years and know everything you may need for a true local Vail experience. Please don’t hesitate to reach out and let me help you with anything you may need in the Vail Valley. From selling and buying in real estate, mortgages and appraisals to great music, the best place to eat and the deepest powder runs, let me be your number go to for the Vail lifestyle.
It is truly a great time of year to be here with all the leaves changing and the ski season right around the corner. One thing I love about this time of year in regards to real estate is that a lot of the rentals that are usually filled, are vacant and easy to view. I do a big push this time of year to get Sellers to open up their properties on a daily basis as it is a great time to get all my Buyers out and see these places that are usually difficult to get into during the ski season because they are rented. If you or anyone you know are interested in viewing or selling a specific property, October and November are a great time of year to take action and get it done.
Here is some recent market information. Total dollar volume and transactions continue to outpace 2018. It is apparent that as more people are able to work from home or in the virtual office, they are finding incredible places to live, like the Vail Valley, that don’t have to be close to their main offices. And as people continue to choose an active lifestyle as their form of living or retirement, the Vail Valley continues to be a top choice to live, visit and invest. If you would like a specific market analysis, catered to your needs and wants, please contact me, Jon Lindner at 970-331-6111.
Vail Valley Real Estate-September 2019.
New Listings were up 22.4 percent for the Single Family-Duplex category but decreased 7.4 percent for the Townhouse-Condo category. Pending Sales decreased 9.5 percent for Single Family-Duplex but increased 9.7 percent for Townhouse-Condo.
The Median Sales Price was up 39.2 percent to $1,100,000 for the Single FamilyDuplex category and 15.3 percent to $692,000 for the Townhouse-Condo category. Days on Market increased 20.8 percent for single family homes and 11.3 percent for townhouse-condo properties.
August was a big month for Eagle County real estate with $243M in total dollar volume and 200 transactions. This was the largest month since 2017 for both transactions and dollar volume and pushes the year to date totals in both categories, higher than year to date 2018.
There were 6 homes that sold in August for more than $4.5M; the highest was a new construction home which sold for $20.75M in Vail Village with a price per square foot of $2,895. This brings the year to date total to 34 home sales over $4.5M.
The average sales price for a residential home in 2019 is currently $1,189,204.
The overall transactions in August were spread across the entire county as Eagle had 30, Gypsum 23, Avon and Eagle Vail had 15 and 14 sales respectively, while and Singletree, Edwards and Beaver Creek all had 9.
In Washington there are discussions around a broad overhaul of the housing finance system, including the re-privatization of Fannie Mae and Freddie Mac and reforms to federal agencies involved with financing substantial portions of the mortgages made every year. Many of these policy conversations and eventual changes will take months or years to be implemented and their impact is not yet clear. While Halloween decorations are beginning to adorn homes around the country, the real estate market this fall is looking far from scary.