May was the best real estate month of the year with $212M in total dollar volume and 193 transactions. Both are month highs for 2018, bringing the total transactions year to date to 812 (10% above last year) and $876,854,582 in total dollar volume (down 5% from last year).
The down valley market of Eagle and Gypsum had nearly 1/3 of all transactions in May with 57. Avon also had a strong month with 18 sales and Edwards had 13. Vail Village had 9 sales that averaged $5M totaling $44,838,750 in dollar volume.
The high end market was strong in May with 6 sales over $5M. The highest being a new construction sale in Spraddle Creek selling for $18,500,000. This equates to a price per square foot of $1,514. The highest PPSF for the month was a Solaris penthouse which sold for $14,000,000 with a PPSF of $3,096.
May also had 22 new construction homes that sold. These homes ranged in price from $280,000 in Two Rivers Village to $18.5M in Spraddle Creek.