Land Title’s March 2016 Market Analysis: Strong Gains in Local Real Estate Market

Land Title’s March 2016 Market Analysis shows real estate activity in Eagle County bouncing back strong from a slow February, more than doubling February’s sales volume and nearly doubling the number of transactions.

Real estate dollar volume in March was $157,915,927, crushing February’s dollar volume of $67,025,367. 145 transactions were recorded in March, compared with only 79 in February.

Avon and Gypsum experienced the most market activity in the county in March, each recording 14 sales.  Eagle followed with 13, and Beaver Creek wasn’t far behind with 10 transactions.

The average residential sales price for March 2016  was $1,024,999 and the median was $615,000.  Beaver Creek’s 10 sales totaled over $18.5M, with an average transaction price of $1.8M, helped along by March’s highest priced sale at $6.375M, which was $1,145 PPSF.

Sales below $1M accounted for 69% of all transactions in March, and over half of the sales under $1M were under $500,000.

The commercial sector also showed strong performance with 11 total sales.  8 sales were commercial buildings; 2 were vacant land, and 1 was development land.  March’s activity of $36,004,900 accounted for more than 50% of the entire first quarter’s sales, which totaled $61,404,762.

Learn More: Land Title March 2016 Market Analysis