market report 2012 year end
DESCRIPTION
Year end Real Estate StatisticsTRANSCRIPT
Vail Valley / Eagle County
2012 Real Est at e Report s
To Our Valued Clients, Team Black Bear knows that information is power and we want to share all of our knowledge of the real estate market with you. Armed with the facts and trends, you are able to make the best possible decisions in a constantly changing world. With this in mind, we are sending you this summary of the 2012 real estate market in the Vail Valley. You will see that we had $1.167 billion in sales in 2012, well surpassing our 2011 $930 million in sales. The increased volume was aided by the fact that we had 1,266 sales in 2012, and only 1,004 in 2011. Also included is the break down for the individual areas, so that you may see what is happening in your immediate area of interest. Here are a few important factors to point out:
1) Luxury sales of homes over $4 million were up… 51 sales in 2012 as compared to 40 sales in 2012. Eight of those sales were over $10 million.
2) The fourth quarter of 2012 had 26.6% more properties under contract than previous quarters.
3) Interest rates are at historic lows and are fueling the ability of more buyers to purchase homes.
4) Distressed sales are still in the market, but have slowed in most areas.
5) The inventory of residential properties dropped 19.4% in the last quarter of 2012, so currently listings are at a 5 year low, indicating that we are at or near the bottom in pricing in many neighborhoods.
If you have any questions, give us a call or send an email. Remember to LIKE us on Facebook and follow our blog. We are your complete source of information for real estate in Vail Valley/Eagle County, Colorado. Sincerely,
Joan Harned 970.376.1356 [email protected] Broker/Investor Keller Williams Mountain Properties
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
The Vail Valley/Eagle Count y real est at e m arket p er f o rm s q uit e d if f eren t ly
t han t he nat ional average. Even in an area t he size o f Eagle Count y, m arket
t rend s can vary d ram at ically f rom neighb orhood t o neighb orhood . When
you are con t em p lat ing a large f inancial com m it m ent such as t he p urchase o r
sale o f a hom e, you neighb orhood ’s m icro -m arket d at a can m ake a b ig
d if f erence in your f inancial d ecisions.
The Vail Board o f Realt o rs com p iles quar t er ly and year -end rep or t s o f m icro -
m arket st at ist ics t o help you m ake b et t er real est at e d ecisions w here it
m at t ers t o you. If you neighb orhood is no t list ed , o r if your ’re unsure w hat
t he d at a m eans f o r your t ransact ion , sim p ly con t act Team Black Bear and w ill
b e hap p y t o p ull a rep or t f o r you and help you in t erp ret t he result s.
Table of Cont ent s
(CLICK ON AREA TO JUMP TO THAT PAGE)
MARKET OVERVIEW
NEW LISTINGS
SOLD LISTINGS
PENDING SALES
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
PERCENT OF LIST PRICE
RECEIVED
DAYS ON MARKET
HOUSING AFFORDABILITY
INDEX
INVENTORY OF ACTIVE
LISTINGS
MONTHS SUPPLY OF
INVENTORY
GLOSSARY OF TERMS
AREAS
ARROWHEAD
AVON
BEAVER CREEK/BACHELOR
GULCH
CORDILLERA
DOTSERO/SWEETWATER
EAGLE
EAGLE RANCH
EAGLE-VAIL
EAST VAIL
EDWARDS
GYPSUM
MINTURN REDCLIFF
MOUNTAIN STAR
NW EAGLE COUNTY
SANDSTONE
SINGLETREE
VAIL
WEST VAIL
WILDRIDGE/WILDWOOD
WOLCOTT
www.TeamBlackBear.com [email protected] 970.337.7777
Joan Harned [email protected]
970.376.1356
Barbara Hogoboom [email protected]
970.309.1271
Laura Sellards [email protected]
970.331.1766
Angela Maxey [email protected]
970.316.2327
Tom Harned [email protected]
970.376.1357