Properties selling for $500,000 or less have accounted for 57% of all transactions in May, and 54% year-to-date. There have been 227 transactions under $500,000 year-to-date through May, of which 92 have been bank sales.
Eagle County also had 8 transactions with a sales price of $4 million or more in May. The highest residential sales were sold in Vail; a Chalets at Lodge at Vail selling for $12.5 million, and an $8.15 million property selling at One Vail Road.
With a combination of the numerous properties under $500,000 and the high end transactions, Eagle County’s overall average sale price is $996,244.
New Development Update through May:
Westin: 5 Transactions Avg. Price; $659,000 $741 PPSF
Solaris: 5 Transactions Avg. Price; $6,567,420 $2,407 PPSF
Arrabelle: 2 Transactions Avg. Price; $2,680,000 $1,574 PPSF
Ascent: 32 Transactions Avg. Price; $595,625 $389 PPSF
Data compiled by and courtesy of Land Title's Trevor Theelke [ttheelke@ltgc.com].
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