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Vail Valley Market Report - May 2018

Tuesday, July 3rd, 2018 at 3:34pm Shell Admin Vail • Beaver Creek

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.

Click here to view the detailed report

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