Home Market Blog East to West VailL January 2012 - Real Estate Market in Review

February 9, 2012

The below statistics showcase a good start to our winter selling season with 18 residential homes going under contract and 18 closings between East Vail and West Vail.

Closings

1. 18 Closings

2. Price Range: $200,000(2 bedroom Innsbruck Condo - West Vail) to $6,400,000(4 bedroom Solaris Residence - Vail Village)

3. Notes and Highlights

     a. Solaris Residence #6A E closed - this brings total sales in the building to 23 out of 79

     b. Only 7 sales took place in Vail and Lionshead Villages

     c. Founders Parking Space sale - $235,000 sales price

     d. 90%(average) - Sales Price to List Price

     e. 83%(average) - Sales Price to Original List Price

4. Vail and Lionshead Village Price per Square Foot: $1,257/sq.ft.(2 bedroom Edelweiss Condo -   Vail Village) to $2,462/sq.ft.(3 bedroom One Willow Bridge Condo - Vail Village)

*See below Spreadsheet link for more details

Under Contract

1. 18 residential homes went under contract

2. Price Range: $219,000(1 bedroom Vail Racquet Club condo - East Vail) to $8,495,000(5 bedroom Gore Creek Place - Lionshead Village)

3. Notes and Highlights

     a. Ritz-Carlton Residence #415 is under contract: 4 bedroom listed at $4,200,000

     b. 9 homes are listed above $2million and 9 homes are listed below $1million

4. Vail and Lionshead Village Price per Square Foot: $1,114/sq.ft(Holiday House Studio - Vail Village) to $1,998/sq.ft.(3 bedroom Lodge Tower condo - Vail Village)

*See below Spreadsheet link for more details

Attachments:
Download this file (Sold - Jan 2012.pdf)Sold - Jan 2012.pdf[Sold (January 2012) - East Vail to West Vail]202 Kb
Download this file (Under Contract - Jan 2012.pdf)Under Contract - Jan 2012.pdf[Under Contract (January 2012) - East Vail to West Vail]198 Kb