RSS
Headline RSS FeedVail Valley real estate statistics show market may be improving
August 14, 2009 —
Although the number of active residential listings in the Vail Valley is still hovering around 1,800, the number of properties which have gone under contract or sold has jumped dramatically in the last 30 days.
Forty-six properties have closed in the last 30 days, which represents an increase of 24 percent from the preceding 30 days. Additional good news can be found when evaluating the number of properties which have gone under contract. In the last 30 days 70 properties have gone under contract representing an increase of 52 percent from the previous 30 days.
Of interest in the sales data for the last 30 days and last 46 sales:
The average sold price was $1,072,482
The average list price as a percentage of the sold price was 89.47 percent
The average cumulative days on the market was 253 days.
The average sold price per square foot was $454.
I have personally put two properties under contract in the last two weeks and submitted offers for clients on others. I feel that although the sentiment has begun to turn, this is the summer spike we usually see in Vail real estate sales. Nonetheless, we will take any good news in the real estate market these days.
Sondra Slappey writes about Vail Real Estate, Beaver Creek Real Estate, and Vail Valley Real Estate in general, following trends, news, and information about Colorado real estate. View her website at www.investinvail.com
1 Comment on "Vail Valley real estate statistics show market may be improving"
Jim Lorenzen — August 17, 2009
Who are you kidding! Sales always move up in June over May. This has been the trend for the last 4 years. Compare 2009 to 2008 for the month of June. Sale volume is done 50%, transaction down 55%. Compare 2009 to 2007, and it is even worse. Sales volume is down 71 % and transaction volume is down 73%. Cut the BS and tell the real story, your market is a diaster and it won't change until prices drop significantly. Say goodbye to the last 6-7 years of appreciation. Markets always move back to mean/average and the spike you enjoyed was due to easy money and an uncertain stock market. And what about all that new product getting ready to hit the market. More supply as demand is flat. Get your sellers price expectation in line with the new reality and less focus feel good article.
