Vail Valley Real Estate Market Report, June 2015
Market Report, June 2015
Real estate sales numbers continue to stay strong through the mid-year in Eagle County. With 219 transactions and nearly $226 million in dollar volume, June claims both highest in gross sales volume and highest in number of transactions.
Vail Village had the highest dollar volume that month with $41,047,500, accounting for over 18% of the sales volume in the county and in just 7 transactions. The largest contributor to that dollar volume was the residential sale at 366 Hanson Ranch Road, which sold for $15,750,000. Located in the Vail Village adjacent to the Christiana and across from the Founders Parking garage, this is the only single family residence right in the Village core. Although improved and in usable condition, this home is likely to be completely redeveloped, however, the new owner must do so carefully if the purchaser intends to keep its grandfathered nonconforming use as a single family home. The Town of Vail would definitely prefer to see lodging use in this location. Dollar volume year-to-date in Eagle County is $875,479,372.00, up 105% from the previous year. Overall the real estate market in the Vail Valley continues to be strong and luxury sales continue to drive the numbers.
Read the Market Report here. (PDF File) or click below for magazine format seen in Issuu.com
Vail Valley Luxury Real Estate Broker ~Malia Cox Nobrega