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By Dan Davis
Headline RSS Feed- CNBC picks Vail area home as one of America's Most Impressive Ski Homes
- Eagle County August real estate sales show modest signs of improvement
- Foreclosures continue to rise in Eagle, Garfield and Pitkin counties
- Minturn mayor says town isn't waiting on 'big pot of money' from Ginn Company, Battle Mountain
- Town to send Masinter a letter terminating deal to redevelop Vail's Lionshead Parking Structure
- $50 million in Vail Valley real estate to be auctioned in July
- May shows increase in sales and transactions, but numbers still well off from peak levels of 2007
- April real estate sales off significantly from last year, but still second best month in 2009
- Vail Valley Real Estate market analysis: price ahead of the curve
- Local companies rally to re-use building materials and benefit Habitat Home Outlet
- All Real Estate Articles
March 2, 2009 — Eagle County real estate sales set a sobering tone for 2009 with 46 transactions totaling just under $40,500,000.
The dollar volume was off by more than two-thirds (67 percent) from January of 2008, which was off 28 percent from the county's overall record year of 2007, when nearly $3 billion of commercial and residential real estate sold.
The overall average sales price for January, according to analysis provided by Land Title Guarantee Company was $880,163.
Vail Village accounted for the most activity in January with 11 transactions totaling nearly 25 percent of the total dollar volume at $9,537,500.
The most residential activity occurred in the price point range of $500,000 to $1,000,000. This segment of the market accounted for 48 percent of the transactions, with the next closest at 22 percent in the price range under $500,000.
Other highlights include:
* Multi-Family homes had an average sales price of $1,088,333.
* East Vail recorded the highest area average sales price at $1,371,250, spread over four transactions.
* Vail Village had an average price per square foot of $1,261
1 Comment on "First month of 2009 sees 67 percent drop in real estate sales from 2008"
Matt — April 6, 2009
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