Properties selling for $500,000 or less have accounted for 57% of all transactions in May, and 54% year-to-date. There have been 227 transactions under $500,000 year-to-date through May, of which 92 have been bank sales.

Eagle County also had 8 transactions with a sales price of $4 million or more in May. The highest residential sales were sold in Vail; a Chalets at Lodge at Vail selling for $12.5 million, and an $8.15 million property selling at One Vail Road.

With a combination of the numerous properties under $500,000 and the high end transactions, Eagle County’s overall average sale price is $996,244.

New Development Update through May:

Westin:             5 Transactions            Avg. Price; $659,000              $741 PPSF

Solaris:             5 Transactions            Avg. Price; $6,567,420           $2,407 PPSF

Arrabelle:         2 Transactions            Avg. Price; $2,680,000           $1,574 PPSF

Ascent:           32 Transactions            Avg. Price; $595,625              $389 PPSF