real estate reports july 2013

Vail Valley / Eagle County

YTD Thru

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

mailto:[email protected]

http://www.facebook.com/teamblackbear

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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

The following Area Reports are thru June 2013 (Q2)

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