Eagle County Sales Cross $2 Billion Threshold (again!)

Total dollar volume for Eagle County has surpassed the $2 billion mark for the fourth consecutive year. With four months still remaining and strong fall activity, it appears that we’ll set a new sales record by year’s end. Total sales dollar volume is currently up 20% above 2006 year-to-date levels. At the same time, transaction volume is down just 5% through the first 8 months of the year, essentially a break-even number.

August again saw strong activity in the high-end niche, with 7 sales closing over $5 million. The largest sale was of a new slopeside home in Vail/Lionshead, closing at $13,800,000. Beaver Creek Resort experienced the highest sales dollar volume at $68.5 million, and had the second highest number of transactions with 37.

Two notable land transactions closed in August; one for $7 million in Strawberry Park, and the other for $5.8 million in Bachelor Gulch. Once homes are built on these sites, the total project costs will likely exceed $18 - $20 million. The selling prices of homesites such as these clearly indicate the direction that the luxury niche of our market is headed.

Please stay tuned for additional updates, as more significant sales are close at hand.