Vail Valley Real Estate Update/ December 2022

Vail Valley Real Estate Update/ December 2022

Eagle County real estate reached $3B in total dollar volume for the third time ever and for the third straight year. October had $277M in sales, which was 45% lower than last October, bringing the year-to-date total to $3,074,254,724. This is 10% lower than the record setting year in 2021 when the year-end total dollar volume reached more than $4B.

JRL photo 100 Vail Rd 34 mill prop
RE photo 333 Beaver Dam rd house for emailer

October saw the same number of real estate sales surpassing $5M as there were sales under $500,000: eight. This brings the year-to-date total to 83 and 89, respectively. Vail had the highest sale in October at $15.85M at the Chalets at The Lodge at Vail, which equates to $3,373 per square foot.
Beaver Creek had a strong month with 10 sales, making it the area with the third most transactions and an average of more than $4.8M per sale.

RE photo 1 for web site
RE photo 2 for web site
RE photo 3 for web site

There were 146 real estate transactions in October, bringing the year’s total to 1,711. This is 27% lower than year-to-date 2021. The result is an average sales price of $1.8M and a median price of $975,000. While the year-to-date numbers are less than 2021, the average and median prices are at all-time highs. You can see these historical averages in the graph below. These numbers are brought to us by our friends at Land Title Company.

If you or anyone you know needs real estate services in the Vail valley, please call. For a FREE MARKET ANALYSIS or to set up a time for a listing presentation, CALL, Jon Lindner at 970-331-6111.
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01 Exterior Front

Eagle Vail Condominium for Sale
* Great 2 bedroom, 3 bath condo
* Updated Kitchen, baths & tiled fireplace
* Fully furnished, full turnkey property.
* Good rental or primary residence in Eagle Vail
* 5 minutes from world class skiing at Vail/Beaver Creek
* $899,000