As I previously predicted from the late ski season activity in the Vail Valley luxury market, May saw the highest sales volume and transaction levels for the year so far with $160,565,432 and 162 transactions. The luxury market was relatively slow through much of the early to mid-ski season related to the FIS World Ski Championships and unseasonable weather but a late ski season snow storm created a wave of late season luxury sales which helped make this winter a more solid year.
In May Vail Village saw 12 transactions totaling over $41.5 million and counted for more than 25% of the volume. Vail Village also had the highest single sale of the month which sold on Beaver Dam Road for $15 million which was one of five sales over $5 million in May.
Beaver Creek and Arrowhead both had 11 transactions with Beaver Creek’s total dollar volume at $21,119,303 and Arrowhead at $12,743,325. May had 10 commercial sales which have been very active this year bringing year to date to a total of 61 transactions totaling more than $57.5 million in sales.
Market report, PDF version here or click below for magazine format seen in Issuu.com
Vail Valley Real Estate Luxury Broker -Malia Cox Nobrega