Eagle County hasn’t seen numbers like this for nearly a decade, topping $1 Billion in real estate sales for the first half of 2017. Yes, you read that right. Due to a flourish of activity, no real off-season for home purchases, and the iconic sale of Park Hyatt Beaver Creek for $145 million, 2017 is shaping up to be a record year – and sellers, you’re in for a treat!
Vail Valley continues to outpace 2016, both in sales volume and number of transactions, while high-end residential sales remain strong, specifically in Beaver Creek. According to Vail Daily, the area has seen a staggering 26 sales achieving $5 million or more in the first six months of the year, coupled by an additional 25 sales in the $3 million to $5 million range. This is creating a domino effect among affluent buyers, bolstering consumer confidence and sales.
Low inventory remains an issue, even more so for homes priced at $500k or below, while home values across the board are steadily rising by 10 percent year-over-year. Take a look at the numbers and see for yourself.
- $1.1 billion: Real estate sales volume through June 30.
- 219: Real estate transactions in June 2017.
- 39 percent: Percentage of June sales in Eagle and Gypsum.
- 26: Sales of $5 million or more from Jan. 1 to June 30.
Source: Land Title Guarantee Co.
In the luxury market, Andie’s listing at 373 Strawberry Park Click here for detailed information about the property is currently listed for $13.995 million, and is generating a lot of buzz, landing on the cover of LIV magazine’s summer issue, as well as being featured in top-ranking real estate websites and publications.
Located in Beaver Creek’s premier luxury gated address, Strawberry Park Ski Lodge affords incredible ski-in/ski-out access, a custom home theatre, indoor basketball court, climbing wall, home bar, game room, exceptional mountain views, and ultimate privacy, all on 2.75-pristine-acres built for luxury living and entertaining.
As we are just starting to make the turn into the home stretch of the summer season, some people assume sales will slow down as get closer to Fall. What used to be called “off season” is now becoming a year-round community especially from Avon to Gypsum. For anyone looking to purchase or sell, it’s never too early to start familiarizing yourself with the current market.
For specific area information or for Andie to set you up on a client portal with your personal criteria, please contact Andie at [email protected].