Four properties went under contract and ten properties sold in the Vail Resort community during the month of April on a total dollar volume of $19,932,000. Average sold price per square foot was $946/sq.ft. and the average sales price was $1,993,000. The highest priced sale was a 5 bedroom single family residence at 1310 Greenhill Court which closed for $3,687,500.
Two properties sold under $600/sq.ft during the month of May; the lowest price per square foot in our resort community since 2002.
Based on the current rate of sales, there is approximately a 2.6 year supply of homes in Vail, Lionshead and Cascade Village with an estimated market time of 349 days.
Please contact me if you would like more detailed information regarding your home or other Vail properties.
Month over Month Review
As a basis for comparison, the following are statistics from the month of April 2011.
Number of transactions: 6
Total dollar volume: $23,261,000
Average price per sq.ft: $1,328/sq.ft.*
Average sales price: $3,876,000
*Lodge at Vail Chalet #8 sold for $2,522/sq.ft. during the month of May 2011. Eliminate this sale and the average price per square foot for Vail Resort properties would be $1,089/sq.ft.
If you would like to receive this market update in your inbox please send an email to timmk@vail.net.
Four properties went under contract and ten properties sold in the Vail Resort community during the month of April on a total dollar volume of $19,932,000. Average sold price per square foot was $946/sq.ft. and the average sales price was $1,993,000. The highest priced sale was a 5 bedroom single family residence at 1310 Greenhill Court which closed for $3,687,500.
Two properties sold under $600/sq.ft during the month of May; the lowest price per square foot in our resort community since 2002.
Based on the current rate of sales, there is approximately a 2.6 year supply of homes in Vail, Lionshead and Cascade Village with an estimated market time of 349 days.
Please contact me if you would like more detailed information regarding your home or other Vail properties.
Month over Month Review
As a basis for comparison, the following are statistics from the month of April 2011.
Number of transactions: 6
Total dollar volume: $23,261,000
Average price per sq.ft: $1,328/sq.ft.*
Average sales price: $3,876,000
*Lodge at Vail Chalet #8 sold for $2,522/sq.ft. during the month of May 2011. Eliminate this sale and the average price per square foot for Vail Resort properties would be $1,089/sq.ft.
If you would like to receive this market update in your inbox please send an email to timmk@vail.net.
Four properties went under contract and ten properties sold in the Vail Resort community during the month of April on a total dollar volume of $19,932,000. Average sold price per square foot was $946/sq.ft. and the average sales price was $1,993,000. The highest priced sale was a 5 bedroom single family residence at 1310 Greenhill Court which closed for $3,687,500.
Two properties sold under $600/sq.ft during the month of May; the lowest price per square foot in our resort community since 2002.
Based on the current rate of sales, there is approximately a 2.6 year supply of homes in Vail, Lionshead and Cascade Village with an estimated market time of 349 days.
Please contact me if you would like more detailed information regarding your home or other Vail properties.
Month over Month Review
As a basis for comparison, the following are statistics from the month of April 2011.
Number of transactions: 6
Total dollar volume: $23,261,000
Average price per sq.ft: $1,328/sq.ft.*
Average sales price: $3,876,000
*Lodge at Vail Chalet #8 sold for $2,522/sq.ft. during the month of May 2011. Eliminate this sale and the average price per square foot for Vail Resort properties would be $1,089/sq.ft.
If you would like to receive this market update in your inbox please send an email to timmk@vail.net.
Four properties went under contract and ten properties sold in the Vail Resort community during the month of April on a total dollar volume of $19,932,000. Average sold price per square foot was $946/sq.ft. and the average sales price was $1,993,000. The highest priced sale was a 5 bedroom single family residence at 1310 Greenhill Court which closed for $3,687,500.
Two properties sold under $600/sq.ft during the month of May; the lowest price per square foot in our resort community since 2002.
Based on the current rate of sales, there is approximately a 2.6 year supply of homes in Vail, Lionshead and Cascade Village with an estimated market time of 349 days.
Please contact me if you would like more detailed information regarding your home or other Vail properties.
Month over Month Review
As a basis for comparison, the following are statistics from the month of April 2011.
Number of transactions: 6
Total dollar volume: $23,261,000
Average price per sq.ft: $1,328/sq.ft.*
Average sales price: $3,876,000
*Lodge at Vail Chalet #8 sold for $2,522/sq.ft. during the month of May 2011. Eliminate this sale and the average price per square foot for Vail Resort properties would be $1,089/sq.ft.
If you would like to receive this market update in your inbox please send an email to timmk@vail.net.
