According to Land Title Guarantee Company in Vail:
September real estate volume slows over August, although year-to-date numbers are up over last year. September saw $151,014,346 in total dollar volume compared with $240,429,412 for August’s numbers; and 64% lower than September 2016 of $235,519,445.
Transactions in September also dropped from 228 in 2016 to 194 in 2017.
This brings 2017 3rd quarter to an end with year-to-date totals of $1.65B and 1,551 transactions creating an overall average sales price of $1,076,955. Year-to-date totals are up in dollar volume 128% and in transactions 107%.
Outside the normal high number of transactions in Eagle and Gypsum, Avon and Edwards saw the most activity with 22 and 17 sales respectively. Beaver Creek had 10 sales which averaged $1.6M.
September sales under $1M accounted for 75% of the transactions, and there was one sale over $3.5M - a sale in Potato Patch that sold for $6.6M.
Commercial sales have accounted for 15% of the overall dollar volume thus far in 2017 with nearly $250M in dollar volume over 109 transactions. The majority of these sales are commercial improved properties averaging $2.9M per sale.