May 2018 Market Analysis

Dated: June 21 2018

Views: 190

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We would like to thank our friends at the Land Title Guarantee Company for sharing this market data. We welcome your comments and questions. 

For specific neighborhood, please visit our website BCMtnRE.com


May 2018 - Market Analysis

May was the best real estate month of the year with $212M in total dollar volume and 193 transactions. 
Both are month highs for 2018, bringing the total transactions year to date to 812 (10% above last year) and $876,854,582 in total dollar volume (down 5% from last year).
The down valley market of Eagle and Gypsum had nearly 1/3 of all transactions in May with 57. Avon also had a strong month with 18 sales and Edwards had 13. Vail Village had 9 sales that averaged $5M totaling $44,838,750 in dollar volume.
The high end market was strong in May with 6 sales over $5M. The highest being a new construction sale in Spraddle Creek selling for $18,500,000. This equates to a price per square foot of $1,514. The highest PPSF for the month was a Solaris penthouse which sold for $14,000,000 with a PPSF of $3,096.
May also had 22 new construction homes that sold. These homes ranged in price from $280,000 in Two Rivers Village to $18.5M in Spraddle Creek.
Click the link below to access this months complete Market Analysis.
 
May 2018 Market Analysis
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Mark Weinreich

Mark grew up in Baltimore, MD and moved to the Vail Valley in 1992. He didn’t wait long after moving here to open what is now one of the most successful ski shops in the valley, Venture Sports. Seve....

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