Real estate sales in 2009 finish below 2008
Real estate in Eagle County ended the year with December sales of $86,926,716 in dollar volume and 95 transaction s. December finished above the rest of the year’s monthly sales volume average of approximately $75 million and 78 transactions per month.
The year-end total for 2009 is 938 transactions and $898,444,183 in dollar volume . It was the first year since 1996 that we did not surpass $1 billion in sales.
The driving force in 2009 was properties selling in the price range of less than $1 million. There were 499 residential properties sold in this category accounting for nearly 70% of all transactions. The price sectors that saw the greatest variance were high-end properties selling for more than $4 million. In 2009, there were 23 transactions; 2008 had 102. The most expensive residential property that sold in 2009 was in Vail Village with a selling price of $15.95 million. In 2009, there were 358 single family homes that sold and exactly the same number of multifamily homes.
In addition to the monthly report, I’ve also included a new year-end report which breaks down the activity in Eagle County as well as the price per square foot to show the comparison between 2008 and 2009 in each area. As you will see, Vail Village single-family homes had the highest price-per-square-foot average at $2,088 ; a 31% increase over 2008 and the highest average price, $7,600,000. Vail Village also had the highest averages for multifamily homes.
Year end highlights:
• Beaver Creek ended the year as the area with the highest dollar volume $106,585,900
• Eagle had the most transactions with 135
• Eagle County ranked 2 nd in dollar volume for Colorado resort markets