Download - Real Estate Reports July 2013
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.
It won't be long before the housing recovery is simply referred to as housing.
Institutional and cash buyers have effectively priced themselves out of the market.
During the downturn, much inventory was purchased by these groups. Now that prices
are rising, there's less incentive for these kinds of buyers, yet affordability for consumers
remains attractive. New Listings were up 33.7 percent for single family-duplex homes
and 11.8 percent for townhouse-condo properties. Pending Sales decreased 12.9
percent for single family-duplex homes but increased 6.0 percent for townhouse-condo
properties. The Median Sales Price was up 9.6 percent to $902,062 for single family-
duplex homes but decreased 19.1 percent to $577,613 for townhouse-condo properties.
Month’s Supply of Inventory decreased 38.9 percent for single family-duplex units while
townhouse-condo units decreased by 30.8 percent. With mortgage rates slightly up but
relatively low by historic standards, the Fed has indicated no change in monetary policy
based on a moderately-paced economic expansion. Although the unemployment rate
remains a factor to watch, the housing recovery continues to plug along, helping the
greater economy with flourishing activity in sales and prices. Housing has made a
positive contribution to real GDP growth for 11 consecutive quarters.
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
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 q uar 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 you’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
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
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www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
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www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
www.TeamBlackBear.com [email protected] 970.337.7777 facebook.com/TeamBlackBear
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