The Vail Valley market is very healthy and balanced right now. Demand is high, particularly under $700,000 and for newer homes. And neither buyers nor sellers seem to have the upper hand in negotiations. We are finding sellers and buyers are comprising to find a middle-ground to make deals happen.
According to Land Title Guarantee Company in Vail: Eagle County real estate in May had the highest number of transactions year to date with 178. The total dollar volume also remains strong with over $135M, well above the 2016 year to date average of $119M. This resulted in an overall average sales price of $767,140. For the month of May, 80% of all transactions were sold for less than $1M, and the majority of transactions, 66%, were purchased by locals.