January 17, 2012
The below statistics showcase a strong month of Vail real estate sales as we headed into our winter selling season, along with a good start to the season with nine properties going under contract.
Closings
1. 19 Closings
2. Price Range: $307,000(3 bedroom Valley Ridge Condo - Buffehr Creek) to $6,100,000(6 bedroom Tower Residence Condo - Lionshead Village)
3. Notes and Highlights
a. Tower Residence 602 Closed: this was the last developer owned residence.
b. Only 7 sales were over $1 million
c. Only 4 sales took place in Vail and Lionshead Village
c. 86%(average) - Sales Price to List Price
d. 78%(average) - Sales Price to Original List Price
4. Vail and Lionshead Village Price per Square Foot: $540/sq.ft.(2 bedroom Evergreen Lodge - Lionshead Village) to $2,190/sq.ft.(3 bedroom Summers Lodge - Vail Village)
*See below Spreadsheet link for more details
Under Contract
1. 9 residential homes went under contract
2. Price Range: $320,000(3 bedroom Valley Ridge condo - Buffehr Creek) to $3,995,000(6 bedroom duplex- East Vail)
3. Notes and Highlights
a. Only 2 of these homes were in Vail and/or Lionshead Village
b. All but 1 had to reduce their price from their original list price prior to going under contract.
i. 18%(average) List Price reduction
4. Vail and Lionshead Village Price per Square Foot: $966/sq.ft(2 bedroom Landmark condo - Lionshead) to $1,821/sq.ft.(1 bedroom Village Center Condo - Vail Village)
*See below Spreadsheet link for more details
 Sold - December 2011.pdf | [Sold (December 2011) - East Vail to West Vail] | 204 Kb |
| Under Contract - December 2011.pdf | [Under Contract (December 2011) - East Vail to West Vail] | 187 Kb |
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