Just because the mountains are closed doesn’t mean activity has stopped. In fact, the Eagle County real estate market is quite active right now! I have three closings happening from now until the end of this month, including a $12.9 million dollar list price estate that wasn’t even actively in the MLS at the time of showing. What does all this mean? Things are not slowing down! People are out and about and ready to make a move, and according to the latest Eagle County stats, the market is humming like a well-oiled machine.
April 16, 2018
- 660 Current Active Listings
- 255 under contract
- 129 properties went under contract March 1-31
- 72 Sold Listings Jan 1st-31st
- 73 Sold Listings Feb 1st-28th
- 102 Sold Listings Mar 1st-31st
- 87 New Listings for the month of January
- 95 New Listings for the month of February
- 116 New Listings for the month of March
- 69 properties went under contract April 1st-15th
- 55 new listings from April 1st-15th
- 59 properties sold April 1st-15th
Noteworthy Residential Homes Under Contract April 1st-15th:
- 3 properties $5mil-$10mil
- 3 properties over $10mil including a listing at $24,900,000
- 3 properties sold April 1st-15th which were $5mil-$10mil
- Additionally, the latest Land Title marketing stats reveal all of the first quarter numbers in Eagle County are up year to date, including total dollar volume which sits at $461,291,511, up a whopping 10%! Transactions were also up by 15%, with 433 sold compared to 375 in 2017.
The month of March brought a whole bounty of springtime goodness with total dollar volume up 16% to $199,715,886, and transactions up 10%, with 168 homes sold compared to 153 in 2017. Beaver Creek has accumulated 14 residential sales – the 2nd largest number of transaction in any area – totaling over $30 million in dollar volume with sales averaging $2.1 million.
Lionshead clocked in with the highest total dollar volume in March with 11 sales – five of which were at The Lion, an area responsible for garnering the highest priced sale in the county for March at $10.5 million. The sale was one of 13 “new-unit” sales in Eagle County. Land Title says when combined they, “totaled more than $26M in dollar volume.”
Aside from record prices and increased sales volume for 1Q 2018, we are starting to see a shift in price point for transaction volume. Historically, the under $500,000 sales would see the most action annually, but as of late, the $500k to $1M category is achieving the highest number of transactions. Land Title says, “that price point category had more activity than any other price point with 115 of the 313 transactions year to date.”
This is great for sellers looking to make the most of their investment. If you’re curious what today’s market conditions mean for you or are eager to list your home for sale give me a call. I would be happy to provide my expertise and insights, or help you find your perfect Eagle County home.