Ski Season Ends Strong – Vail Real Estate Inventory Levels Likely at Their Low
Vail Valley residential sales this year outpaced 2016 in both units and dollar volume. Through May 1, unit sales have increased 11% from a year ago and dollar volume surged more than 40%! The dollar volume increase was primarily due to a rebound in the luxury resort markets while unit sale volume was buoyed by strong sales in both Eagle and Gypsum.
Vail Real Estate for Sale: Inventory levels remain low, though we have likely seen the bottom of inventory and more properties should come to market over the next several months, generally peaking in late August. Factors that slowed our market last year (the presidential election, oil price instability to name a few) have generally subsided and with interest rates still low and a well-performing stock market, strong demand in many of our communities and price-points should yield another active summer.