Led Gardner

Vail Valley Luxury Real Estate Market Update

Thursday, September 6, 2007

 
July Numbers Confirm Suspicions About the Market

July sales numbers are hot-off-the-press, and confirm the continued momentum in our market. Year-to-date total dollar volume remained strong, totaling $1.75 billion through July, approximately 20% above last year. Though down about 6%, the overall number of transactions continues to set a solid pace. Should this strong sales activity continue over the next five months, the Eagle County market will surpass the $3 billion dollar mark for the first time in history.

Landmark sales in our ski areas continue to set the pace. Three more substantial properties have recently been placed under contract or closed.

Vail Village - The Willows #303 - Under Contract - Listed at $8,500,000 / $2,715 sf
Beaver Creek - 872 Strawberry Park Rd - Under Contract - Listed at $11,500,000 / $1,260 sf
Beaver Creek - 66 Village Walk - Sold - $4,945,000 / $1,125 sf

August and September are historically very strong months, and we can expect to see several more significant properties placed under contract and closed. Stay tuned for the latest!



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