I hope you had a wonderful holiday season and the new year has started on a positive note. In the Vail Valley we are experiencing a great winter with fantastic snow conditions for locals and visitors alike. The overall residential real estate market in 2016 ended on a positive note with an increase of almost 8% in unit sales and a small increase in overall dollar volume compared to 2015. In fact, last year was the best performing residential real estate market since the recession – and with new projects nearing completion and others just getting started, we anticipate another positive year.
The year-end residential statistics you see in this report are derived from the Vail MLS. They represent the vast majority of residential sales, leaving out for sale by owners and other private deals (that account for roughly 1% of the transactions) that are not reflected in our MLS. While we have summarized all of the communities, there are stories behind each sale. Motivations shift prices as do other factors. Use this as your guide and then feel free to allow us to help you complete the picture of any market area you are interested in.
Speaking of numbers, we are proud to say that we participate in the sale of more than 38% of all the residential properties in the Vail Valley, from Vail Village to Lionshead, Beaver Creek Resort, the valley floor and Eagle and Gypsum. Our 8 offices (7 real estate and one property management) are strategically located in all the major communities of the valley. Our vacation rental office is considered to be one of the finest in the area. For 46 years we have been working with loyal buyers and sellers and look forward to sharing our passion, knowledge, expertise and what the value our affiliation with Berkshire Hathaway HomeServices can do to help you achieve your real estate goals.
If you have questions, need more information or would like to visit about the market (or just about living here in the valley), feel free to visit us any time!