Eagle, CO

The year-end real estate sales statistics are in for Eagle County, Colorado. The following report from Land Title Guarantee shows the sales data in comparison to the last four years:

Land Title’s 2011 Year End Market Analysis

HIGHLIGHTS FROM THE REPORT:

- 1,357 total number of real estate transactions in 2011, 9% above 2010 and 45% above 2009. The most transactions ever recorded in Eagle County was in 2005 with 4,023.

- 43 Transactions (4%) over $4 million accounting for 28% of the total residential dollar volume.

- Total dollar volume for 2011, $1,158,048,856, down 23% from 2010, which was $1,497,172,233. While the dollar volume was down from 2010, there was a sales increase of 29% over 2009. Eagle County’s

- The overall average sales price in 2011 was $857,858. The average sales price has decreased this year, 2011, as bank sales rose.

WHO IS BUYING REAL ESTATE IN EAGLE COUNTY? Nearly 40% are locals currently living within Eagle County; another 22% are from within Colorado, which means almost 62% of all buyers purchasing real estate in Eagle County are from within Colorado. Texas is 3rd followed by Florida. International buyers accounted for 2% of the transactions. Below shows a graph of the buyer profile purchasing real estate in Eagle County.

HIGH-END PROPERTIES (OVER$4MILLION) ended the year with 5 more transactions in December. The highest priced transaction sold in December was in Bachelor Gulch for $9.95 million. This sums up a fairly strong 2011 in the high-end market, with a total of 43 transactions (4%) over $4 million accounting for 28% of the total residential dollar volume.

NEWER DEVELOPMENTS: Some of these high-end properties sold in one of the five newer developments in Vail and Avon; Solaris, Arrabelle, Ritz Carlton, Ascent and the Westin. The Ascent had the most sales with 40, while Solaris had the highest average sales price and price per square foot. Overall, these 5 projects accounted for 78 transactions and more than $143 million (12%) in dollar volume. Below is a chart breaking down the sales of each of these projects. Developments Chart

PRICE PER SQUARE FOOT (PPSF) / AVERAGE RESIDENTIAL SALES PRICE: The following report shows the price per square foot for single family, multifamily and residential vacant land for each area throughout Eagle County. Residential PPSF / Average Sales Price Report.

The single family PPSF has fallen county wide by 20% to $255 PPSF since last year while multifamily homes decreased just 9% to $481 PPSF over 2010.

Single family homes in the Cascade/Glen Lyon area saw the greatest PPSF increase at 50% while Minturn saw a 47% decline. Vail Village boasts the highest PPSF for both single family homes at $1,742 and multifamily homes at $1,486.

Bachelor Gulch has the highest average sales price for single family homes at $7.7 million, an increase of 37% over 2010. Beaver Creek multifamily homes had the largest PPSF decrease of 29%, bringing the average sales price to $1.3 million.

Content via: Trevor Theelke Account Manager Land Title Guarantee Company

090 Benchmark Road, Ste. 205 Avon, CO 81620 ttheelke@ltgc.com

Vail, Colorado Daily Photo - Christmas Day Hay Barn -

Just about 10 miles up Brush Creek, a little past Adam's Rib Ranch, but not quite all the way to Sylvan Lake, sits this rustic hay barn. I have the opportunity to dirve by this old barn once or twice a year. Every time I do I wonder about the human drama it has witnessed for about 100 years or so. It never seems to change - nor does it ever stay the same. For instance, the log farm house up on the hill behind the barn....it's not there any more. Must have burned down over the summer.

Photo: www.NilssonImages.com

Vail, Coloraod Daily Photo - A View of Things in the Vail Valley - While the snow cover is thinner in the Vail Valley than we are used to this time of year, reports from skiers coming off the mountain on this Christmas Eve are very favorable! Variety of open slopes is somewhat limited but what is open is in wonderful condition, thanks to Vail Resort's top flight Mountain Maintenance team. Unfortunately, with no new snow in the forecast, these pro's are going to have their skills tested before the high Christmas Season crowds go home.

And crowds there are! Early sales tax receipts reports show that there are lots and lots of folks in town and they are spending a lot of money this year - maybe the thinner conditions on the mountain are manifesting themselves positively in the shops and restaurants!

The real estate market is also displaying some holiday cheer. Resent sales reports show a marked increase in sales activity in all price ranges. This market absolutely feels like it is strengthening weekly!

Photo: Nilsson Images

Vail, Colorado Daily Photo - Silent Night

Castle Peak is an imposing feature that lords over the entire lower Eagle Valley and is prominent enough to be home to every television/radio/telephone tower between the top of Vail Pass and Glenwood Canyon. It looks like a medieval castle during the daytime and even more so on a clear moonlit night. I wish I knew the name of the conical peak to the left in this photo. It's obviously the cone of an ancient volcano that must have been quite a site in it's day. The entire lower Eagle Valley shows evidence of much volcanic activity.

Photo: Nilsson Images

Do you have plans this Saturday?

If not, plan to head to Eagle, CO for Christmas on Broadway!

It’s Dickens Christmas at it’s finest with horse-drawn carriage rides, carolers dressed in their finest, tree-lighting, parade and more!

Bundle up and get ready to put yourself in the Holiday Spirit!