Eagle County Real Estate Market Maintaining Even Keel
The Eagle County real estate market maintains an even keel with no
dips or spikes in transactions or volume in September. There were 166
transactions, the second highest month year-to-date in 2008. The total
dollar volume in September is $169,448,700, 35% lower than last year’s
September and just shy of the 2008 monthly average of $185 million.
The driving force this month was the beginning of the Westin closings
in Avon. There were 35 sales in September that totaled over $27.6
million in dollar volume. There were also 5 transactions this month,
each over $5 million; the highest, a single family home in Arrowhead
selling for $7.7 million.
Year-to-date through September, 2008, there have been 72 transactions over $4 million. Multi-family homes account for 57% of all residential transactions,
averaging $1,302,963. 33% of residential properties sell between $500,000 and $1,000,000.
September Highlights:
Average price of a single family home was $1,548,406
Avon had the most transactions (35) and highest dollar volume
($29,506,300)
The average price for all residential properties was $1,089,790
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