Vail Valley Real Estate Market Report – March 2021

April 30, 2021
Eagle Colorado with Castle Peak

The 1st quarter of the year was the Best 1st Quarter ever for Vail Valley Real Estate!

 
Eagle County real estate continues to remain strong after posting the best 1st quarter ever with more than $760M in total dollar volume. March saw 223 transactions with $304M in sales volume, bringing the 1st quarter total to 545 transactions. This is 60% higher than last year for the same time period. There were 3 areas that contributed more than $40M in total dollar volume in March:
  • Vail Village had 18 sales totaling $47,312,600 
  • Bachelor Gulch had $47,112,000 in sales volume over 11 transactions 
  • Beaver Creek contributed 20 sales and $41,361,500 in total dollar volume
Through the first quarter of 2021, the overall average sales price was $1,408,776, the highest average sales price ever in Eagle County.
 
There were 7 homes that sold for $5M or more in March, bringing the total in that category to 21 over the 1st three months of 2021. These sales have contributed to an increase of 17% in single family home values since December 2020. You can view the entire breakdown on page 12 of the attached market analysis.
 
We continue to see a rise in Eagle County buyers from outside Colorado. For the first time, there were more out-of-state buyers in March (85) than local buyers (83). We continue to see the trend of Texas and Florida home buyers coming to Eagle County.

 

Click here to read the full report

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