Vail Valley Real Estate Market Report – April, 2022

May 17, 2022
Eagle County Real Estate

Eagle County Real Estate Surpasses $1b in Total Sales Volume

It took just 677 sales in 4 months to surpass $1B in total dollar volume. Specifically, the dollar volume was $1,235,285,866 year-to-date, which is 12% above last year. This equates to an overall average sales price of $1.85M. The area with the highest dollar volume year-to-date is Gypsum, with nearly $114M in volume averaging nearly $1M per sale. The next closest area in terms of total dollar volume is Beaver Creek at $97M.
While total dollar volume is up this year, the number of transactions was lower each of the first four months compared to last year, a drop of 16% for the year. One price point that has seen a significant decrease is the under $500,000 segment. April saw 8 residential sales below $500,000 with 38 year to date. By comparison, there have been 38 home sales over $5M.
The average price per square foot is also on the rise. Single family homes have increased an average of 16% throughout Eagle County with an average of $682 per square foot year-over-year. Multi-family homes have increased 14% to $992 per square foot.
April saw 10 homes sell for $5M or more with the highest sale in Vail Village for $15.5M.
When comparing Eagle County to the other mountain communities of Garfield, Grand, Pitkin, Routt, San Miguel and Summit counties, Eagle County has seen the highest number of residential transactions with 483. Garfield County had the highest percentage of local buyers at 83% and Pitkin County leads all mountain areas with the highest average price for a single family home year to date: $12,717,595.

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