Land Title’s April Market Analysis shows the local real estate market continuing to improve after a bit of a slow start to begin 2016.
Real estate dollar volume in April was $125,972,987, up 10% from April of last year at $114,079,607. Year to date sales volume stands at nearly $460M, which is only 6% below the year to date sales volume total in 2015.
130 transactions were recorded in April, totaling 470 transactions year to date. This is just 1% off last year’s 476 transactions at the same point in the year.
Eagle and Gypsum led local market activity with 21 and 13 transactions respectively. East Vail also experienced strong transaction activity with 9, closely followed by Arrowhead with 8 transactions.
The average residential sales price for April 2016 was $969,023 and the median was $587,500. Beaver Creek led with the highest sales volume in the county in April with more than $16M in sales volume over 7 transactions. Beaver Creek also had the highest priced sale for the second month in a row at $8.475M, which was $1,097 per square foot. This accounted for 1 of 5 sales over $4M recorded in April.
Land Title also released their Mountain Resorts Q1 Analysis evaluating real estate market across 7 Colorado resort-market counties. Below is a quarterly snapshot of Eagle County’s real estate market performance year-to-date vs. 2015:
- Median residential Price down 14.31% from Q1 2015
- Gross Sales Volume down 10.93% from Q1, 2015
- Average Residential Price down 24.93% from Q1 2015
- Real Estate Transactions down .58% from Q1, 2015
- Buyer Profile: 50.00% Local, 16.18% Front Range, 32.06% Out-of State, 1.76% International