Vail Real Estate Sales Booming

First quarter real estate sales continue upward path

Positive first quarter real estate figures in Eagle County showed twice the volume compared with first quarter of 2009.

March saw the highest dollar volume month in over a year with $131 million in sales. This brings 2010 first quarter total to $318,726,934 which is more than twice the numbers of first quarter in 2009.

There were 102 transactions in March bringing the first quarter to 276; again nearly twice that of 2009 through the same period. Fourteen of these transactions were Westin Riverfront sales, totaling more than $6 million.

The high end market continues to move in March. There were 9 properties that each sold for over $5 million totaling $57,669,800.

Three contributing factors for the quick start to the year:

1. Westin Riverfront: 64 sales totaling $37,229,400
2. High end sales: 16 sales have sold for over $4 million, totaling $94,475,000
3. Bank owned sales: 17 totaling $13,578,900

March Highlights:

• 53 Multi-family homes sold for an average sales price of $990,296
• Properties over $2 million accounted for 62% of the total dollar volume
• Eagle County’s overall average sales price was $1,291,187